The cryptocurrency industry is growing rapidly and as of April 2022 has more than 18,750 live coins and tokens. Of course, this means that there are countless cryptos among them that have great potential to see profits and make their investors very happy. However, identifying these coins among all the others can be a nearly impossible task, especially if you don’t have much experience studying coins and tokens and spotting which ones have potential.
To help, we’ve created a list of our own top 8 new cryptos to watch for gains in the second quarter of this year, as we believe the following coins could see a notable price surge and secure gains for their investors. Note that we cannot guarantee that this will happen, but we see the potential of the coins and hope that they will reach it in the coming months.
With that in mind, here are the coins we’re interested in.
1. ApeCoin
ApeCoin is an ERC-20 utility token used within the APE ecosystem for things like governance and incentivising the users and members of the ecosystem. By holding the coin, users are entitled to join the project’s decision-making community – the ApeCoin DAO – and vote on the proposals or submit new ones themselves.
Holding the coin also grants users access to certain parts of the ApeCoin ecosystem that are not available to non-holders, including exclusive games, various services, and the like. The coin can also be used as a currency in the crypto ecosystem or as a tradable coin or bullion coin. Finally, ApeCoin is also a tool for third-party developers to participate in the ecosystem by integrating it into their services, games, and similar types of projects.
The project is decentralized, as is the APE Foundation, which acts as the custodian of ApeCoin and whose goal is to support the growth and development of the project and its community.
To learn more, visit our Investing in ApeCoin guide.
2. Internet Computer
Next we have the Internet Computer, which claims to be the fastest and only infinitely scalable general purpose blockchain. The goal of the project is to become the “world computer” that would host Web3 dApps, DeFi, NFTs, games, social media, metaverse and every other blockchain product that exists or is invented over time.
It also states that its blockchain can support 250,000 queries per second with a transaction finality of 1 second. But the actual concept of the “world computer” is the most interesting part of this project, and it actually has its roots in the Ethereum ecosystem. It’s also worth noting that many experts – including individuals and companies alike – believe the project has suffered a massive price drop since its launch in mid-2021 to date, going from over $450 to $20 at the time of writing that internet Computers have great potential for the future of blockchain and crypto.
To learn more, visit our Investing in Internet Computer Guide.
3. Render tokens
Third, we have RenderToken, a distributed GPU rendering network that operates within the Ethereum ecosystem. The main goal of the project is to match artists and studios who need GPU processing power with mining partners who are willing to rent out their excess GPU power, thus granting the artists and studios what they need for a fee .
The project uses a system called Proof of Render, which is a combination of manual and automated Proof of Work. The system verifies that the art has rendered successfully and pays the contributors their rewards once it has. These rewards are held in escrow during rendering, so there is no risk of the artists/studios failing to pay the compute service providers, nor of receiving poorly rendered products. To further ensure this, all rendered works will be watermarked until payment has been successfully distributed, after which the watermark will be removed.
To learn more, visit our Investing in Render Tokens guide.
4. DOGAMI
In the middle of the list we have DOGAMI. This is a unique blockchain-based mobile game that uses the popular Play-to-Earn (P2E) model where players can adopt and raise virtual NFT dogs, each created to be beautiful and unique.
DOGAMI’s ecosystem is a pioneer in this field and also allows users to earn the project’s native cryptocurrency, DOGA. The purpose of DOGA is to serve the DOGAMI metaverse as a utility token that allows users to purchase add-ons and various upgrades and customize DOGAMI. You can also trade various in-game items, buy new dogs, interact with other players, and more.
Aside from being unique, each dog also has its own specific attributes that are formed at different stages of its development, allowing players to take part in various events and competitions and compete against each other in real-time. Basically if you are interested in having a digital dog then this is definitely a project to check out.
5. Aurox
In fifth place we have Aurox. This is a DeFi project with a unique crypto trading terminal powered by the project’s native cryptocurrency, the Aurox (URUS) token. Aurox’s goal is to simplify crypto trading to the point where it is extremely easy and users can make decisions with great confidence rather than worrying about whether they are making the right move.
Of course, the complexity of cryptocurrency trading is almost notorious at this time, so the project decided to create a completely new system of alerts and indicators that would help traders decide what to do. It also offers DeFi services like staking, and by staking URUS, users are actually unlocking these proprietary alerts and indicators. Additionally, the tokens also power the project’s lending and trading protocols, which are just as easy to use as all other aspects.
6. Confluence
Coming to number six, we have a project called Conflux that allows creators, communities and entire markets to connect across protocols and borders. This is achieved by providing sustainable infrastructure for the global token economy.
Conflux operates as a high-throughput, 1-layer consensus blockchain that uses a consensus algorithm known as Tree-Graph – a unique algorithm of its own design. The algorithm allows blocks and transactions to be processed in parallel to increase scalability and throughput.
Another thing to note about this project is that it is the only public, permissionless blockchain that is compliant with the law in China, giving it a unique advantage and making it extremely suitable for any project targeting the Asian markets makes attractive.
To learn more, visit our Investing in Conflux guide.
7. The Devastated Lands
At the bottom of our list of the 8 best new cryptos to watch in Q2 2022, we have The Wasted Lands. This is a groundbreaking sci-fi game that integrates numerous gaming elements into its role-playing gameplay set in a unique post-apocalyptic metaverse.
Dubbed the Wasted-Verse, it offers distinctive gameplay features all centered around the project’s Metaverse ecosystems, including match-3 puzzle RPGs, shelter-building games, racing games, and more. In other words, the project is ready to offer a fun and immersive experience regardless of the type of game its users prefer.
The project’s fantasy metaverse offers a world of adventure set in a post-apocalyptic world. It is heavily involved in NFTs and allows players to create their unique warrior NFT and explore the vast world they can explore in vehicles, build shelters, create new NFTs, have pets and explore lands, as well as get various gear upgrades and much more .
8. Bite swap
Finally, last on our list, we have Biswap. This is a decentralized exchange running on Binance’s BSC that offers the lowest transaction fees of any DEX offered on Binance Smart Chain. The fee for transactions on this platform is as low as 0.1%, and the project promises to further innovate in the DeFi sector through its high-quality products and services.
It also rewards users through things like a referral system, lottery, starting pools, swaps, and more. In addition, it is rich in various DeFi features, such as an NFT marketplace, an AMM, yield farming, liquidity pools, and even an IDO launchpad. In the future, the project aims to reach major crypto exchanges, where it will list its native token BSW, improve its NFT marketplace, enable cross-chain support, introduce limit orders, lending and borrowing, and create a personal dashboard for each user.
Conclusion
The crypto world is full of opportunities, and you just have to know how to spot them. Of course, this requires research and a thorough familiarity with each of the tokens you are considering. Above we have presented our list of coins and tokens that we believe have great potential to blow up in the coming months. While this isn’t a guarantee it will happen, it may be a place to start your own research. Take a look at each of them and see if your expectations match ours, and then.
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