The crypto market is experiencing a downturn, with several coins losing a significant share of their value after an all-time high last November. However, despite this development, several crypto projects are coming into the limelight with better utility and use cases than Bitcoin and other altcoins.
It was reported early this year that Bitcoin consumes 1,449kWh per transaction, an equivalent of about 50 houses in the US. This made cryptocurrencies a subject of criticism from many groups, especially climate change advocates.
These crypto projects are eco-friendly, using just a fraction of the energy consumed by Bitcoin and Ethereum. Most of them are in their presale stage, while some are relatively old. However, they are expected to continue pumping in 2022.
The coins include
IMPT
Tron, TRX
ImmutableX, IMX
Cosmos, ATOM
Tamadoge, TAMA
Algorand, ALGO
Stellar Lumen, XLM
Cardano, ADA
Battle Infinity, BI
Lucky Block, LBLOCK
IMPT
IMPT has crossed the $4 million milestones in the presale launch campaign, and it is predicted that it may raise at least $15 million before the presale season ends. IMPT is the solution to the complicated carbon market, which stands at $270 billion.
Using the platform, businesses and individuals can purchase tokenized carbon credits to reduce the effect of emissions in the atmosphere.
As at Thursday evening, IMPT has surged 10% over the past 24 hours, trading at $0.03195 at a volume and market cap of $1,671 and $1.6 million, respectively. The token is still in the early days and is expected to pump at least 10x before 2022 ends.
Tron
Tron (TRX) is the single official token of the Tron network, a decentralized platform that allows users to create apps and share them over the network. It uses a Turing-complete Virtual Machine (TVM) to ensure scalability, effectiveness, and security.
Tron Network allows developers to create Dapps, wallets, and other content and publish them over the network using smart contracts. The delegated proof-of-stake consensus mechanism allows token holders to vote super-representatives (SRs) to make decisions on behalf of the network.
Tron allows 2000 transactions per second, with a trading fee of as low as $0.000005, ridiculously lower than Bitcoin and Ethereum.
As of Friday, October 14, TRX is trading at $0.0634, up from $0.05952 the previous day. The coin is experiencing a dip, but analysts predict that TRX will explode before 2022 ends.
Immutable X
Immutable X ranks 152 on CoinMarketCap with a capitalization of $148 million. The crypto project is a layer-2 scaling platform that allows developers to create secured and scalable NFTs. It can execute at least 9000 transactions in a second, thanks to the Zero-Knowledge Rollup (ZK-Rollup) smart contracts that ensure scalability. In addition, smart contracts are responsible for 100% carbon-neutral transactions on the platform.
Individuals can create, acquire and trade NFTs on the marketplace using IMX tokens. IMX is an ERC-20 token and serves as the token for governance and staking.
IMX currently trades at $0.6332 after experiencing a 4.5% decrease in price from the previous day. However, the IMX token has a positive outlook, which is great for investors.
Cosmos (ATOM)
Cosmos is an ecosystem of interconnected products and services running on a blockchain network. It was developed as an ideal solution to the manipulations and tight controls by central entities. The platform uses Inter-Blockchain Communication (IBC), the Tendermint consensus algorithm, and hubs to strengthen communication and ensure fast transactions. It also hosts open-source tools for content creators to create applications using smart contracts.
ATOM is the token of the ecosystem, and users can stake tokens to earn rewards. With the proof-of-stake consensus mechanism, the top 100 stakers become node validators and make decisions on behalf of the rest.
ATOM is trading at $11.69 with a 24-hour trading volume of $318 million, 1.09% up from the previous day. The token ranks 22nd on CoinMarketCap, with a market capitalization of $3.3 billion. It is predicted that the token will hit a maximum level of $13.84 before 2022 ends.
Tamadoge
Tamadoge (TAMA token) made headlines after making $19 million in funds raised, $17 million more than the presale target. Tama is the official token of the Tamaverse and stands out as the first meme coin with NFT attributes. The presale ended a few weeks ago, and the token is found on exchanges like MEXC, XT.COM, BitMart, and OKX.
The project recently released ultra-rare, available for sale on OpenSea; the rare and common types will be released in the coming days.
Tama is trading at $0.03911, 2.48% down from the previous day. However, the coin is currently dipping, and it is the best time to invest before it starts pumping hard.
Algorand
Algorand is a fierce competitor of Ethereum because it allows creators to build apps and tokens over the network. However, algorand offers fast transactions with low trading fees. In addition, it uses delegated proof-of-stake (dPOS) consensus mechanism making it more energy-efficient than the latter.
If you want to add the coin to your portfolio, you can find it on almost all exchanges like Coinbase, Binance, OKEx, Kraken, ByBit, Huobi, etc.
The coin has a circulating supply of 7 billion with a max supply of 10 billion tokens. It ranks 29th on CoinMarketCap with a capitalization of $2.2 billion. The coin is experiencing a dip, which is the best time for investors to purchase the asset. ALGO is down to $0.3146 after hitting 0.32 early in the day. The coin is part of the cryptocurrencies with a strong outlook before the year ends.
Stellar
Stellar lumen (XLM) is currently trading at $0.119 with a price change of 1.15, down from the previous day. Stellar uses an open-source protocol to verify and initiate financial transactions. In addition, it allows individuals to create and trade different types of crypto assets.
The platform allows for fast and low-cost transactions using XLM on the in-built marketplace. LXM is 25th on the marketplace, and experts have predicted that the energy-efficient coin is one to look out for before the year ends.
Cardano
Cardano is a decentralized platform using the proof-of-stake mechanism to ensure that transactions are fast and less energy-intensive the Ethereum. The official token of the ecosystem is Cardano or ADA, and holders can vote and participate in changes within the system. The coin is down 4.67%, trading at $0.3626 after hitting $0.3877 in the early hours of October 14. ADA is one of the big cryptocurrencies on exchanges, and despite the bearish crypto market, there are concrete hopes that the coin will rise before 2022.
Battle Infinity
Battle Infinity is one of the best-performing currencies in 2022, and the price has recorded 5x after it was launched, hitting the presale target in 24 days instead of the initial 90 days target.
The project will host gaming activities on its platform with features like token swap, staking, NFT marketplace, and much more. The token continues an impressive momentum after a phenomenal presale round. Although it is currently dipping, it has a strong outlook before the year ends.
Lucky Block
The primary goal of this platform is to increase efficiency and transparency. Lucky Block aims to create a global lottery system where each player has a greater chance of winning, and each player provides token holders with a sound financial strategy.
LBLOCK is the official token of the platform, and after its initial CEX listing, the price rose dramatically. By the end of 2022, the token price will be expected to hit $0.003, making it one of the best cryptocurrencies this year. The current price of the LBLOCK token is $0.0001806, with a 24-hour trading volume of $20,230.
Conclusion
The current crypto winter shouldn’t stop anyone from investing in crypto. The market is already in the support zone, and coin prices are expected to increase in the coming days.
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