on the crypto
The cryptocurrency industry has made huge strides towards the mainstream in 2021. The total capital of the cryptocurrency market has increased from about $ 770 billion to $ 2,2 trillion in just 12 months, according to data from CoinMarketCap. And the number of cryptocurrencies has increased from around 10.000 at the beginning of the year to over 16.000 as I write this article.
Given how fast the cryptocurrency industry moves, it is very difficult to look at these new coins and choose the next Solana (SOL) or Axie Infinity (AXS). But it is possible to identify trends and choose some interesting designs.
So which of these 6.000 new coins stands out from the others? We've picked a few that might be worth keeping an eye on.
1.Star Atlas (ATLAS)
The play-to-earn gaming industry is on fire right now, and metaverse tokens are all the rage. This could be another passing trend. But games that offer rewards with real value for time spent in the game, combined with better gaming technology, could mean we are at the peak of real changes for the gaming industry.
Built on the Solana network, Star Atlas is a gameplay metaverse with realistic graphics in which players pilot spaceships to explore new planets. Players can join game factions, customize their characters, mine resources and build houses in space.
2.Only 1 (LIKE)
There is a lot of talk about Web 3, which is essentially the next generation of the Internet. Web 3 takes care of removing the middleman from many of the activities that are done online, whether it is social media or browsing.
A number of exciting Web 3 projects that launched before 2021 such as Helium (HNT) and Livepeer (LPT) are starting to gain traction. But it is still unclear whether any projects can actually replace the existing industry giants. Only 1 is one of the two emerging decentralized social platforms. It is based on the premise that content creators should be rewarded for being active on social media - as well as users who give their attention to that content.
3. Clover Finance (CLV)
Decentralized Finance (DeFi) - a series of applications that take the middleman out of all types of financial transactions - took off last year. Increased regulation could be a problem in 2022, as some sort of crackdown on bank-like operations is almost inevitable. But at the same time, many of the people who first invested in crypto in 2021 may be ready to explore DeFi.
Clover Finance is an intriguing project that makes DeFi more accessible. Some of the barriers to entry are overly technical interfaces, a lack of interoperability between blockchains, and high tariffs for gas - especially on Ethereum (ETH). Clover addresses these challenges with a multi-chain wallet and no gas taxes for end users.
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