Cardano Getting back to $1? Unlikely, Here’s a Few Alternatives
24 Agosto 2022 - 07:56PM
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One of the biggest altcoins in the crypto space, Cardano is an
open-sourced blockchain network and cryptocurrency that has
provided significant returns since its launch in 2017. However,
after massive price corrections, investors are looking for new
alternatives. This guide will discuss three of the best
alternatives to Cardano, which can potentially provide high returns
in 2022. Cardano Price Similar to Ethereum, the Cardano network is
an open-sourced blockchain platform that deploys smart contracts to
leverage DeFi (decentralized finance) protocols, NFT
interoperability and more. Launched in 2017, Cardano (ADA) was
created by Charles Hoskinson, one of the original founders of
Ethereum. After launching in 2017, ADA did not experience much
upwards price movement until the beginning of 2021. The token rose
from $0.2 to above $2 before correcting to the $1 mark in July
2021. However, Cardano made headlines after integrating its Alonzo
fork upgrade – which deployed smart contracts on the blockchain
network for the first time. After the deployment went live in
September 2021, ADA reached an all-time high of $3.1 in the same
months. But, ADA has corrected to $0.5 per token. Despite being one
of the largest cryptocurrencies, the token has not provided any
upwards movement in 2022. Therefore, a 2x increase to $1 is
unlikely. Therefore, investors are looking for alternatives.
Cardano Alternatives The sections below review three other
cryptocurrencies which could potentially be good alternatives to
Cardano (ADA): 1. Tamadoge In the last few years,
we have witnessed an increasing number of GameFi projects
leveraging blockchain technology to offer exciting gaming benefits
to players. One of the best GameFi and play-to-earn (P2E) projects
is Tamadoge – a cryptocurrency network that offers NFT
interoperability on its P2E universe. TAMA, the native token of
Tamadoge, is used to settle transactions, buy NFTs and reward
players. One of the P2E items that can be purchased with TAMA is
Tamadoge pets – unique NFT avatars that take the shape of dogs.
Each avatar offers different characteristics and can be purchased
from the Tama store with the native token. Participants compete in
the Tamadoge ecosystem with their own NFT pets, with the top
performers being rewarded at the end of the month. Notably, TAMA
aims to be a deflationary asset, burning 5% of all tokens spent on
the platform. 30% of the tokens spent are used for marketing
purposes, while the remaining 65% are distributed among P2E prize
pools. Tamadoge is currently available to buy on presale. Within 10
days of going live, Tamadoge reached its beta presale hard cap
targets of $2 million. Now, the project is looking to collect $19
million for the remaining presale, concluding in Q4 2022. After the
presale ends, TAMA will be made available on LBANK, a centralized
exchange (CEX) and Uniswap – the popular decentralized exchange
(DEX). This will help increase the trading volume, making it one of
the best emerging cryptocurrency projects to buy. Interested
readers can join the Tamadoge Telegram Channel to stay updated with
all the latest news and information related to this new crypto
project. Telegram admins will never DM you first. Buy Tamadoge on
Presale 2. Battle Infinity Another great
alternative to Cardano is Battle Infinity – a decentralized crypto
platform with 6 different P2E features. The main feature on this
platform is the Battle Arena – a P2E metaverse where players can
interact on a virtual ecosystem where characters have been minted
as NFT via ERC 721 smart contract protocols. Another accessible
feature is the IBAT Premier League – a decentralized sports fantasy
league. Players can take part on these platforms by trading IBAT –
the utility token of Battle Infinity. Battle Infinity will make
IBAT available on the IBAT Battle Swap – a DEX from where IBAT can
be purchased and swapped with other cryptocurrencies. For investors
looking to earn passive income, IBAT can be staked on the Battle
Stake feature to accumulate interest. Compared to Cardano’s
forgettable 2022, IBAT burst onto the scene by concluding one of
the best crypto presales of 2022. The token sold out its 90-day
presale in just over 3 weeks and is now available to buy on
PancakeSwap. After being listed on presale for $0.0015 per token,
IBAT reached a price of $0.01 right after its listing. This price
increase of nearly 600% outshines Cardano’s recent performance.
Currently trading at $0.007 per token, IBAT is performing well
since IDO despite the current bear market and Bitcoin being in the
red at the time of writing. IBAT has the potential to become one of
the best crypto winter tokens in 2022. Subscribe to Battle
Infinity’s Telegram channel to get more updates on the project.
Telegram admins will never DM you first. Visit Battle Infinity Now
3. Lucky Block Lucky Block is an NFT competition
platform that promotes fairness and transparency by allowing
players to earn up to $50,000 in their weekly draws. Along with a
weekly main draw, the platform hosts weekly NFT draws every Friday.
Players must buy the NFTs minted on the Lucky Block platform to
enter the exclusive NFT draws. Participants are rewarded with
LBLOCK – the native cryptocurrency of Lucky Block. Notably, there
are two LBLOCK token versions – a V1 and a V2 token. The V1 token
is a BEP-20 protocol built primarily for DEXs and takes a 12%
transaction fee per transaction. On the other hand, the V2 token is
an ERC-20 protocol, which is listed on CEXs and charges no
transaction fee. Recently, the V2 LBLOCK crypto was deployed on the
popular centralized exchange – MEXC. Currently, the V2 LBLOCK token
is trading at $0.002. Visit Lucky Block Site How to Buy Tamadoge
The steps below show investors how to buy Tamadoge – the best
alternative to Cardano in 2022. Step 1: Set up a Crypto Wallet
Interested readers looking to buy Tamadoge must purchase a
cryptocurrency wallet. For example, MetaMask is one of the best
crypto wallets compatible with Tamadoge (TAMA). Traders can head
over to MetaMask and click on ‘Download’. Step 2: Buy ETH or USDT
TAMA can be purchased directly by swapping ETH or USDT tokens. If
you have not already purchased these assets, head to a preferred
crypto exchange, buy ETH or USDT and transfer the tokens back to
the MetaMask wallet. Step 3: Link MetaMask to Tamadoge Presale
Platform The next step is to visit the Tamadoge website and click
on ‘buy’. Investors can then click ‘Connect Wallet’ and choose
their wallet provider to connect with the presale platform. Follow
the instructions to officially link the wallet. Step 4: Buy TAMA
Tokens The final step is to buy TAMA by entering the number of
tokens to purchase. Then, select ‘Convert ETH’ or ‘Convert USDT’.
Buyers need to purchase a minimum of 1,000 TAMA. TAMA tokens can be
claimed once the presale ends by clicking on ‘claim’ on the
Tamadoge website’s homepage. It’s also possible to buy TAMA using a
debit/credit card via the popular fiat on-ramp Transak. That option
will be available after connecting a MetaMask wallet.
Grafico Azioni Uniswap (COIN:UNIUSD)
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