Top 10 cryptocurrencies to watch out for in 2022

Every year many new companies launch their native tokens in the cryptocurrency arena. Despite the massive drop in the market, 2022 was no exception. You can drown in the vast number of new products, so we’ll be your lifeline by narrowing the circle to the 10 most interesting and promising cases.

ApeCoin (APE) is a cryptocurrency of The Otherside metaverse created by Yuga Labs, which everyone knows for the expensive NFT collection Bored Ape Yacht Club.

The price potential of the token is relatively high. Before the market drop, the maximum value was around $39. Owners of NFT-apes were the first to receive a certain amount of tokens after its launch in early 2022. The cryptocurrency is supported in other blockchain games, such as Benji Bananas. The asset has received strong feedback from investors and quickly ranked 31st in the Coin Market Camp. By the way, APE/USDT pair trading is available on the WhiteBIT exchange.

Optimism (OP) is the token of the company which is behind the development of software for scaling the Ethereum blockchain and, as a result, reducing transaction costs. In June, about 249,000 users who registered on the platform and signed up for the token airdrop received it for free. Optimism's founders have already said that a second giveaway is planned for those who missed the first one. The maximum quote was almost $5. The token can be traded on WhiteBIT.

Tamadoge (TAMA) is a cryptocurrency of the GameFi project of the Play to Earn type called Tamaverse. In the game, users create NFT dogs, compete with each other, and breed pets, thereby earning a native token. TAMA is needed to earn rewards, buy NFTs, and process transactions. 

 

·       The token standard is ERC-20;

·       The maximum number of tokens is 2 billion.

·       30% of TAMAs are for marketing companies;

·       65% will be distributed among players’ dogepools for rewards.

Pre-sale of the asset began in July 2022. The developers plan to launch an app allowing them to purchase TAMA for fiat through MetaMask or Wallet Connect. Work on launching the token will take place in 2022 and 2023.

DeFi Coin (DEFC) is the native token of the decentralized exchange DeFi Swap, which has attracted speculative traders. Its value skyrocketed by 300% in one day after the site’s launch. At the time, the asset was trading at its highs of $0.6287. 

The cryptocurrency is characterized by a special remuneration system, which involves a 10% commission on the purchase and sale of DEFC. Half of the proceeds from the commission is distributed among holders. Like other cryptocurrencies of this type, it is supported by the community, which plays a crucial role in its further development.

Aura Network (AURA) is a cryptocurrency of a new blockchain project designed to accelerate the ubiquity of NFT. It offers vertical and horizontal scaling, operates on Tendermint BFT consensus, and supports DeFi, GameFi, and SocialFi directions. The blockchain is designed to develop any NFT apps based on it and is ready to help brands implement non-fungible tokens into their business model. Aura Network also offers exchange and NFT bridge.

The project’s founders have chosen an approach that will not overload the network with unrelated transactions. It lies in supporting only NFT. Therefore, the team promises to maintain throughput, performance, and security at a high level.

Fusotao (TAO) is a decentralized trading protocol token for the sequential matching system responsible for securing user assets. It is based on an order book that works on the principle of “perform outside the network, verify in the network”. 

Fusotao provides storage of user funds and transaction verification for decentralized exchanges connected to the protocol. The project also offers a new way to incentivize tokenomics, whereby all participants can receive rewards. The protocol is financially supported by NEAR Foundation and Octopus Network, which shows the product’s relevance and potential.

CoreDAO (CORE) is a cryptocurrency of a decentralized organization that is developing a Satoshi Plus consensus mechanism that combines Proof of Work (PoW) and Delegated Proof of Stake (DPoS). The project intends to develop a web3 infrastructure and wants their developments to form the basis of it. CoreDAO aims to improve blockchains’ scalability, security, efficiency, and decentralization.

The founders want the CORE token to be valuable and usable for all decentralized apps. To do this, they have worked on its scarcity, reduction mechanism, management, and other parameters.

The CORE supply is limited to 2.1 billion tokens. In addition, a percentage of mining, staking, and commissions will be burned, similar to Ethereum’s “Ultra Sound Money” model. DAO members will determine it. The founders are comparing their tokenomics related to cryptocurrency issuance to Avalanche’s tokenomics.

Koakuma (KKMA) is a P2E blockchain game token in the ARPG genre. According to the creators, it has exciting combat mechanics, a metaverse with vivid graphics, and ample opportunities to earn money. Players are engaged in epic battles using special NFTs, and as the game progresses, they will also be able to purchase other digital assets. Legendary equipment, mysterious dungeons, ancient treasures, and challenges are all Koakuma.

Crypto Blocks (BLOCKS) is a Minecraft-based DAO project management token that offers users 10,000 NFT. The decentralized organization has open-source code in the Ethereum blockchain and is managed by a community of people from different countries.

The aggregate number of tokens is 238 million. They are distributed as follows:  

·       15% for sale;

·       30% locked for liquidity;

·       15% for project development;

·       10% for the team;

·       30% for the DAO community.

NFT and token sales are limited in order to maintain a fair distribution of assets.

Creative Energy Join International (CEJI) is a token of a company that has developed a technology for turning waste into energy to save the environment and has created a blockchain platform for its operation. 

The project’s tokenomics is based on the CEJI DApp, which is a merger of CEJI Token + CEJI Trading Platform + CEJI NFT. Thus, the CEJI Token is a cryptocurrency designed for the diffusion of Creative Energy Join International’s technology and product distribution.

We hope this collection helped you discover new, previously unknown cryptocurrencies and projects and allowed you to take a broader look at the application of digital assets. We will not advise investing in these tokens, but you can monitor their development in the market.