It is becoming extremely difficult for newbies and experienced traders alike to navigate the cryptocurrency market, especially due to the regular influx of new projects. While all of these projects have unique features and innovative solutions, not all are what they appear to be. To make it easier for you, let’s take a look at four of the most popular new coins on the market right now and discuss the reasons why they will rally – IMPT.io, Tamadoge, Tetonic and Gala.
IMPT.io (IMPT)
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IMPT.io is a newly introduced crypto project focused on environmental protection and sustainability. Its main goal is to transform the current carbon credit landscape using NFTs and blockchain technology. IMPT.io, also known as the Impact Project, recently raised more than $500,000 in just 48 hours in a pre-sale event. This development further strengthens their efforts to establish a decentralized and fair market for emission allowances.
Why will IMPT.io recover?
IMPT.io tries to revolutionize the way carbon credits are bought. With so much focus on environmental protection, it puts the spotlight on projects of this nature and IMPT.io is at the forefront. Since IMPT.io is one of the first projects to tokenize CO2 certificates, it has a lot of growth potential in the near future.
The Carbon Credit model implemented by IMPT.io is another driver of its value. Carbon credits can be accessed in two ways – they can either be purchased directly from the official marketplace or earned through purchases from some of the 10,000 partner brands. Each of the CO2 credits corresponds to one tonne of CO2 offset.
The success of IMPT’s pre-sale event is a clear sign that investors are not only interested in the functionality of the project, but also in its mission. His focus on environmental issues will also draw public attention.
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Tamadoge (TAMA)
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Tamadoge is an ideal example of a play-to-earn model properly deployed. This Metaverse gaming platform offers users the opportunity to breed, buy and trade unique Doge pets. These pet collectibles are represented in the form of unique NFTs. Their value is determined by the rarity and quality of the pets they are bred with.
Why will Tamadoge set out?
Despite being a meme coin, Tamadoge’s value will increase due to the series of recent partnerships with multiple brands and investors. Additionally, the token is also set to be listed on some of the largest crypto exchanges in the world. Recently, it was listed on the OKX, which immediately had a positive impact on TAMA’s token value.
Another reason why Tamadoge can rally is because of its impressive tokenomics. With a total of 2 billion tokens, Tamadoge will allocate 5% of TAMA to spend on or burn the network’s online store. This is done to prevent the value of TAMA from falling. Tamadoge has also provided 30% of its fees for marketing, development, and the system’s prize pool.
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Tectonic (TONIC)
Tectonic is a protocol and blockchain project that facilitates lending and borrowing services in the DeFi market. The native token, launched back in December 2021, is TONIC. It allows providers to earn passive income from their assets while users can borrow cryptocurrency assets for functions like short-term trading, yield farming or staking. They can do this by pledging their own assets as collateral.
The Tectonic project currently supports 8 cryptocurrencies for borrowing and lending. These include Wrapped Ethereum (WETH), Tectonic (TONIC), Tether (USDT), USD Coin (USDC), trueUSD (TUSD), Cronos (CRO), Dai Stablecoin (DAI) and Wrapped Bitcoin (WBTC).
The Tectonic protocol evolved from the fork of the Compound protocol, which has a reputation for being one of the most secure protocols in existence. To ensure further transparency and legitimacy, Tectonic has been audited by Slowmist.
Why will Tectonic recover?
At the moment, the TONIC token is one of the cheapest tokens to buy as $150 can bring in 1 billion TONIC tokens at current market prices. This is by no means a sign that it will continue to grow in value in the future, but given the project’s use cases, the odds are likely very high.
As the current market downturn eases, it remains to be seen if the Tectonic protocol will take steps to boost demand for its token. If followed as planned, there is a high probability that ONIC will be one of the most important tokens to rally.
Gala Games (GALA)
Gala Games is a cryptocurrency gaming project that first took the spotlight when it grew by over 30,000% in 2021. With a concrete vision to create attractive blockchain-based games, the platform has already integrated 14 games in development. The ongoing problem with current blockchain games is that they are not fun enough for users. Gala wants to change this with several games yet to be released.
It should be noted that the native token GALA is separate from the in-game tokens that individuals can earn while playing. As a result, inflation will only occur within specific in-game currencies and not across the entire ecosystem.
Why will the Gala Games go up?
There are several reasons for the GALA rally. Probably the strongest reason for this is the disruptive nature of the project when it comes to blockchain games. While GALA currently runs on the Binance Smart Chain and Ethereum ecosystems, it plans to move to its own blockchain soon.
A number of new partnerships also make this project desirable. Examples of this include the partnership with Epic Games Store, a large non-blockchain gaming company. The success of this deal would mean that GRIT, one of the first Web3 games released, would be developed through the Epic platform.
Conclusion
After looking at various characteristics of the above projects, we pointed out why they will bounce back. That being said, both IMPT.io and Tamadoge have shown recent growth, backed by solid tokenomics models and fundamentals.
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