When selecting a cryptocurrency to watch, consider whether it has a strong community. Meme coins are especially strong in this regard. New cryptos with strong fundamentals and innovative features often have vibrant communities. These cryptos can be valuable long-term investments. Read on to learn more about Yearn Finance, ADA, LBLOCK, and Battle Infinity.
Yearn Finance
Yearn Finance is a cryptocurrency that was founded in February 2020, and the project is backed by a dedicated team of experts. While the project initially saw some negative press due to the Pandemic cryptocurrency crisis, it has continued to gain momentum throughout the year. This cryptocurrency is one to watch, as it will continue to gain value and be a seasoned player in the cryptocurrency world.
Yearn Finance is one of the most promising cryptocurrencies on the market today, offering a unique system for saving your crypto assets. The system works much like a savings account in a bank, using best strategies to earn maximum yields. These earnings are then used to generate trading fees and liquidity provider rewards. The system is automated and uses pre-programmed logic and code automation to optimize yields.
Battle Infinity
During the presale period, investors can buy Battle Infinity to gain a slice of the future growth of the crypto project. As the project is still in its infancy, the price is likely to rise over time as the ICO progresses. The whitepaper highlights the features of the ‘IBAT Battle Market’ and ‘IBAT Battle Arena’. This game is unique amongst the many crypto projects as it features a fantasy sports-based metaverse.
The Battle Infinity team consists of a team of experienced developers and coders. Suresh Joshi, a 20-year veteran of the digital world, is the chief executive of the company. Jagjeet Jena handles operations. Together, they aim to transform the world of gaming by using the underlying metaverse technology.
LBLOCK
LBLOCK cryptocurrency is a great cryptocurrency to watch as it is listed on a variety of exchanges. Despite its lack of mainstream media exposure, LBLOCK has potential to be a profitable investment. The upcoming Ethereum bridge and Lucky Block’s sponsorship of a Tyson Fury-Dillian Whyte fight could boost LBLOCK’s popularity.
Lucky Block‘s CEO, Scott Ryder, recently announced a monthly token burn in September 2022, making the coin even more valuable. Many cryptos have seen a spike in value after token burns, such as Terra LUNA and LUNC. After the announcement, LBLOCK’s price spiked over 60% in just three days. The token burn is a good sign for the cryptocurrency, as its circulating supply will drastically decrease in 2023.
ADA
Cardano (ADA) is one cryptocurrency to watch in the coming months. It entered the year at a low of $0.20 and surged to $3 by early September. At the time, it was the third largest cryptocurrency by market cap. However, since its Labor Day highs, it has been cooling and is trading at around $1.66. Cardano is the brainchild of Ethereum co-founder Charles Hoskinson. Despite its meteoric rise in price, the cryptocurrency remains on a bear streak and may be a good time to take a break.
Cardano is a blockchain platform that is environmentally friendly and has many applications. It has many partnerships and is currently undergoing a long development process. It is also experiencing performance problems and is predicted to face heavy congestion at the beginning of 2022.
EOS
EOS is a cryptocurrency that was launched with the goal of promoting decentralized applications. Currently, it has a market cap of $3,365,472,360. In spite of a recent dip in the past few weeks, the cryptocurrency is back on its upward projectile with renewed activity. In fact, some analysts call EOS a “ticking time bomb” due to the similarity of its price chart to the fractal formed by XRP from 2015 to 2017.
A major advantage of EOS is its scalability. This means that it can process more transactions per second without fees than other blockchains. Furthermore, its smart contract functionalities make it more developer-friendly. This means that dapp developers can access blockchain resources directly, without having to pay transaction fees or mining fees.
IOTA
IOTA is a cryptocurrency that was created to simplify the payment process and communication between IoT devices. Unlike other cryptocurrencies, IOTA uses a publicly accessible distributed ledger called Tangle to store transactions. This system is completely free of transaction fees, and it enables instant transaction confirmations. The system is also scalable and unbounded.
The design of IOTA is also innovative. It does not use the traditional blockchain design, and instead uses a new platform called Tangle that uses a mathematical concept called Directed Acyclic Graphs (DAGs). Tangle is a non-sequential network of nodes, which allows for multiple nodes connected to each other.