Crypto investments are the latest fad among investors. However, amid rising volatility in riskier assets and a dull holiday season ahead of New Year, investors are having a tough time picking the right token. Here are some of the key altcoins investors can track over the next couple of months, according to experts.
The token is a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, monetize content and applications. “In this virtual world, users purchase several plots of land that they can later navigate, build upon and then monetize. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace. This is a beautiful token and one for the future,” said Nitish Sharma, Global CEO, TP Global FX.
This token is backed by some of the biggest names in the crypto world, including Coinbase, Digital Currency Group, a16z etc. The project is led by Silicon Valley veteran and ex Y-Combinator CEO Sam Altman. Suman Bannerjee, Co-Founder & CIO, Hedonova said individual authentication is built into the token administration via retina scans so it has real-world applications like banking and payments, and this is where other tokens fail. The project is running pilot tests in Chile and Nigeria right now and will offer a free token to everyone, which will incentivize distribution, he added.
Launched in June 2019 by a computer scientist and MIT professor Silvio Micali, Algorand is a permission-less and open-source blockchain network upon which anyone can build. While recommending the token, Nitish Sharma, Global CEO, TP Global FX said Algorand is designed to be a payment focused network with rapid transactions and a strong focus on achieving near-instant finality — that means processing over 1,000 transactions per second (TPS) and achieving transaction finality in less than five seconds.
Sandbox allows users to create custom NFTs for gaming assets like skins, swords and other virtual assets. One of the tokens in the ecosystem called LAND is proof of concept of digital real estate in the metaverse and is gaining popularity in the gaming community, said Suman Bannerjee, Co-Founder & CIO, Hedonova.
Connect Finance is currently developing a unified space that will bring together the cryptocurrency market and the largest traditional markets – Forex, Real Estate and commodity. “The created system enables Connect Finance users to exchange value within the ecosystem without any third-party payment instruments,” said Nitish Sharma, Global CEO, TP Global FX while recommending the token.
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