Cryptocurrencies are becoming increasingly attractive for both experienced and new investors. As the industry grows more expansive, traders are looking for the best altcoins with the potential for a tenfold increase in value. DigiToads, Solana, RobotEra, IMPT.io, Battle Infinity, and Yearn.finance are some of the most promising altcoins that can potentially create immense returns for investors. In this article, we look at each of these promising altcoins and analyze the associated features and risks.
DigiToads (TOADS)
DigiToads is a DeFi platform that uses the Ethereum blockchain to issue its own meme coin, allowing users to participate in an exciting play-to-earn game. The platform showcases an intriguing Swamp metaverse and incorporates a Web3 game where users can engage in battles, compete for leaderboard positions, participate in on-chain trading contests, and win fantastic prizes.
TOADS, the native token of the ecosystem, features staking options that allow users to earn additional rewards for participating in the platform’s ecosystem.
Interestingly, the platform has implemented a novel on-chain trading system to encourage users to trade and increase the platform’s liquidity. And to keep the community interested and motivated, the platform regularly organizes tournaments, airdrops, and giveaways.
The deflationary nature of the DigiToads supply means that the total amount of tokens in circulation naturally decreases over time. To further guarantee the scarcity of the token, the platform has an inbuilt auto-burn mechanism that destroys 2% of each TOADS transaction. This function encourages token holders to refrain from liquidating their tokens, which is good for the platform’s long-term viability.
DigiToads’ Swamp metaverse sets it apart as an ecosystem, providing users with a rich and dynamic environment in which to play. Combat and quests are available for users to partake in, with the latter allowing them to earn TOADS tokens and the former to see where they stand in the leaderboard.
Non-fungible tokens (NFTs) and other collectibles are distributed to users as they advance in the game and are distributed through a robust rewards system built into the platform.
TOADS, the platform’s native token, is used for everything from staking to trading to in-game purchases and is crucial to the platform’s functionality. The staking mechanism compensates users with a share of the platform’s transaction fees. Furthermore, its cutting-edge on-chain trading system enhances the platform’s liquidity, which incentivizes users to trade.
Regarding future growth, the DigiToads team announces the TOADS price to surge tenfold only during the presale. And after the token launches on the public exchange, we can easily expect much higher skyrocketing patterns.
Join the DigiToads Telegram Community
Solana (SOL)
Solana (SOL) is a high-performance blockchain platform that aims to deliver decentralized applications that are quick to deploy, scalable, and secure (dApps). To reach its high speeds and scalability, the platform uses a novel combination of technologies, such as a proof-of-stake (PoS) consensus mechanism, a transaction processing system called Tower BFT, and a parallel processing system called Gulf Stream.
One of the fastest and most cost-effective blockchain platforms currently available, Solana can process up to 65,000 transactions per second (TPS) while keeping fees low.
Decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming are just a few decentralized use cases supported by the Solana ecosystem. It is popular among programmers and end users due to its low transaction fees and lightning-fast processing times.
The platform’s native token, SOL, has seen significant price growth over the past year, attracting the attention of investors.
There is a growing need for fast and scalable blockchain platforms, and Solana’s impressive technological features make it a promising candidate for the future. The platform has received backing and funding from industry heavyweights such as FTX, Alameda Research, and Jump Trading.
Due to its scalable and high-performance architecture, developers will find it a desirable platform to create and launch their distributed applications. Regarding user experience, speed, scalability, and security, Solana has what it takes to become a frontrunner platform in the DeFi, NFT, and gaming industries.
IMPT
The ultimate purpose of IMPT.io is to educate people on the importance of reducing their environmental impact. IMPT will use the carbon credits you purchase on the market to help offset the costs of this reduction. Greenhouse gas reductions are measured in terms of carbon credits. Introducing NFT carbon credits on the Ethereum blockchain, the IMPT project will greatly increase the transparency of the carbon offsets market.
The IMPT Project will aid in reducing the level of secrecy that has plagued this industry for quite some time. As one of the first blockchain-based markets for carbon offsets, the IMPT token stands to benefit from the expanding environmental, social, and governance (ESG) sector, which may make it appealing to ethical investors.
RobotEra
An exciting new multiverse, RobotEra, is set in the future and is populated by robots tasked with reestablishing Planet Taro. Users can buy and sell land plots, rebuild their virtual worlds, and participate in a thriving secondary economy in this sandbox-style building game.
To participate in the multiverse, users must first acquire a RobotEra NFT, which will serve as their in-game avatar.
With its interconnectedness to other worlds and its support for the growth of established NFT communities, the RobotEra multiverse is seen as a significant advancement in the metaverse. When a user has land ownership, they can create virtually anything they can imagine, from exciting businesses and structures like theme parks and concert halls to museums and educational institutions.
Planet Taro, a beautiful world that endured a cataclysmic event, is the subject of extensive legends across the multiverse. However, some robots with human brains made it through, and it is now their responsibility to rebuild society.
Battle Infinity
Battle Infinity’s primary focus is the IBAT Premier League, consistent with the game’s eponymous name. This function is similar to a traditional fantasy sports league but uses NFTs and is stored on the blockchain. As a result, players can engage in a fair and decentralized marketplace for trading players within Battle Infinity.
Like other recent NFT initiatives, Battle Infinity features a specialized NFT marketplace (called Battle Market) where players can buy and sell digital artwork and in-game items created by other players. In addition, players can buy “plots of land” within the metaverse (called “Battle Arena”) and make money through in-game billboards.
The Battle Infinity token, $IBAT, can be used to participate in the platform’s economy and earn rewards through staking. Finally, the project’s credibility has been bolstered by the fact that Battle Infinity has been KYC-verified on CoinSniper and has undergone a complete audit by SolidProof.io.
Yearn.finance
Yearn.finance refers to a suite of protocols built on the Ethereum blockchain that facilitates lending and trading services for cryptocurrency, maximizing users’ potential returns.
Decentralized finance (DeFi) initiatives are rising, and yearn.finance is one of them. DeFi projects like this don’t rely on a centralized authority like a bank or custodian to provide their services; instead, they rely solely on code. To achieve this goal, the company has developed a set of automated incentives centered on the YFI cryptocurrency.
Users of the yearn.finance platform can earn YFI tokens by staking them in yearn.finance contracts on the Balancer and Curve DeFi exchanges.
By encouraging users to store their crypto assets in the yearn.finance DeFi, they can profit from the “yield farming” strategy. Users receive more tokens from the protocols of a platform in proportion to the value of the assets they have locked in.
The yearn.finance platform is one of the quickest growing DeFi projects to date, having attracted nearly $800 million in assets in its first month of operation.
Final Thoughts
Altcoins discussed in the article offer an attractive investment opportunity that has the potential to generate up to 10x returns. As the crypto asset class evolves, investors should continue to monitor the market and grab the ones with the top long-term gain potential.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.