In 2022 the crypto world is still seeing rapid development, marked by the emergence of numerous new crypto coins.
In this review, you will find a number of new crypto coins that are ready to be launched and traded in crypto asset exchanges.
Check out the full review below.
Latest Potential Crypto Coins in 2022
There are several new crypto assets that have the potential to rise in popularity. What are they? Check out the review below.
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HoneyFarm Finance (HONEY)
HoneyFarm Finance is the first cryptocoin on the list. It is a layered yield farming project on Binance Smart Chain, which provides investors more options to diversify their investment with unique tokenomics.
HONEY as the original Layer 1 token has stopped emission at the end of block 10033450. Then, the Layer 2 token, BEAR, started its issuance in block 10023280 and now HONEY will be used for farming BEAR.
While this layered system can be a bit confusing initially, HoneyFarm Finance is actually quite a simple premise and has helped the platform to test different approaches to token delivery and at the same time fend off potential bot problems that arise at layer 1.
Another new coin on the list is ApeCoin, the native crypto of the Bored Ape Yacht Club (BAYC)—one of the most popular NFT projects today. As ERC-20 token that operates on the Ethereum blockchain, this token is secured by Ethereum’s Proof-of-Work (POW) consensus mechanism.
For information, this token is used as a utility and governance token in the APE ecosystem which is managed by token holders through a decentralized governance framework, namely ApeCoin DAO.
The purpose of creating ApeCoin DAO is to build and maintain the APE ecosystem fairly. In addition, this token also provides infrastructure for ApeCoin holders to conduct open and permission-less cooperation in the governance process.
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Baby Dogecoin
After Elon Musk endorsed Dogecoin, the meme coin hype has led to the launch of a number of crypto meme projects. In this case, the Shiba Inu jumped on the bandwagon of Dogecoin rally coattails and had its own massive rally of over 1,000% last October 2021. That also makes it one of the best meme coins to buy.
For your information, Baby Dogecoin was developed to function more than just a meme coin. The developer has even touted this coin as having utilities.
Decentraland is very familiar among crypto gamers.This is one of the biggest NFT games that can make its players earn a profit.
Players can trade land for profit while also able to increase their properties by adding assets to their land, players can increase their value and turn the game into a play-to-earn platform, not just entertainment. For a record, players must have MANA, game tokens, to play and earn.
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Lucky Block
Lucky Block is unique because it offers potential rewards to investors and players alike. Players wishing to receive prizes can enter the weekly raffle, which is conducted via the Platinum Rollers NFT Club by purchasing up to 5 tickets, cost $1 each.
The platform will later announce weekly winners and give $50,000 of prize in the form of the platform’s native token, LBLOCK. In addition, players can participate in the weekly NFT draw which is held every Friday. Players are not charged a transaction fee to buy tickets.
Meanwhile, investors have the potential to earn income by holding LBLOCK. The coin hit the market in January 2022 and soared in February 2022.
The increase reached 1.100% in just two weeks. This seems likely to happen again, especially after Lucky Block stated that they are working to expand the coin’s exposure.
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Battle Infinity
Battle Infinity is an NFT-based fantasy sports game where players can earn money while playing. The original token is called IBAT.
The best part about this game is that the players have access to various platforms, each will provide prizes and entertainment. For information, the main competition is in the Premier League IBAT, but players need NFT bait to enter leagues and matches.
In this case, players can use the Battle Marketplace to acquire characters and NFT token assets. To buy NFT and IBAT, players must access the platform’s decentralized exchange, Battle Swap. Players can use the exchange to sell their prizes for other assets.
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EstateX
For investors who want to make money from real estate, they can do so through EstateX. It is a blockchain platform that allows fractional ownership. Apart from budget and location, investors can use EstateX to invest in real estate.
This method is very good for earning passive income because investors do not have to do heavy work. In addition, the market determines the value of their investment and investors can buy and sell their investments any time. However, to start investing, investors need to buy $ESX which is the platform’s native token.
That’s a review of the latest crypto coins that you need to know. Check out other articles about crypto assets, blockchain, and others only at Indodax Academy.
