The crypto world keeps getting bigger and bigger as more people hop on the bandwagon. Every day new crypto tokens spring up, adding to an already over-saturated market. Presently, there are over one thousand cryptos in existence, and that number is only going to get bigger.
Crypto stocks have never been higher than now. It has already achieved mainstream adoption and is on course to become an accepted means of payment worldwide. It is evident that now is the best time to invest in crypto, but with so many options on the market, making a choice can be difficult.
These three coins, Avalanche (AVAX), Shiba Inu (SHIB) and RoboApe Token (RBA), are on course to dominate the crypto market in 2022. Here’s all you need to know about them.
Avalanche (AVAX)
The crypto ecosystem is quite competitive, with various products and services popping up each day. An example of these products is blockchain networks.
The desire to produce the fastest and most feature-complete blockchain network is very paramount in the industry, and a few select major players have emerged in recent years. An example is Ethereum (ETH).
For a blockchain network to stand out in what is already an overpopulated industry, it must be cut from a different cloth and head and shoulders above the competition. When describing such a product, Avalanche (AVAX) immediately comes to mind.
Avalanche (AVAX) is a blockchain network that allows users to create their own multifunctional blockchain platforms and decentralized applications (dApp). The platform is designed to address some of the limitations of older blockchain networks, such as slow transaction speeds, centralization and scalability.
To achieve this, Avalanche (AVAX) uses several innovations. One of them is the Avalanche consensus protocol, which provides low latency, high throughput capabilities and resistance to 51% of attacks. It is worth mentioning that Ava Labs developed Avalanche (AVAX).
Since its launch, Avalanche (AVAX) has grown to become the third-largest blockchain by total value locked (TVL), only behind Ethereum (ETH) and the BNB Chain. The platform is built around a system of three interoperable blockchains, namely the Exchange Chain (X-Chain), Contract Chain (C-Chain) and Platform Chain (P-Chain).
By splitting its architecture across three separate blockchains, Avalanche (AVAX) can optimize for speed, flexibility and security without any trade-offs, thus making it an ideal platform for both public and enterprise use cases.
AVAX is the native cryptocurrency of the Avalanche ecosystem and is used for several purposes, such as paying network fees and staking. AVAX is currently a top 15 crypto by market cap.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is an Ethereum (ETH) based crypto that is also considered far and near as the main rival to fellow meme coin, Dogecoin (DOGE).
Shiba Inu (SHIB) is a meme token. Meme tokens are a type of cryptocurrency based on Internet memes around which communities of enthusiasts form. The price movement of meme coins is usually linked to sentiment around current events, breaking news and influencer activity on social media.
It is worth noting that Shiba Inu (SHIB) is 100% run by its community. The platform’s ecosystem consists of several exciting features, such as ShibaSwap, an Ethereum-based decentralized exchange (DEX). ShibaSwap is an automated market maker (AMM) that allows users to stake and provide liquidity.
SHIB is the native cryptocurrency of Shiba Inu, with Shiba Inu (SHIB) currently being a top 25 crypto by market cap.
RoboApe Token (RBA)
RoboApe Token (RBA) is a cryptocurrency that is poised to change the crypto space forever with several innovative features.
Some of these features include RoboApe Token’s (RBA) innovative RoboApe NFT marketplace, a platform to aid users in minting NFTs in the form of RoboApe cards which they can hold or sell and RoboApe Swap, ass well as an exchange platform that allows users swap tokens across various blockchain networks.
RBA is the native cryptocurrency of RoboApe Token and is currently on presale.
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DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
