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In my new blog article, I want to discuss a very important topic that can make you money during these volatile times. Even though this volatility we can still make money with the right coin calls and choices. So for our main topic today we are going to look at some great cryptos to buy into. I truly believe in these cryptos that's why I've bought into these cryptos and have come to write about them in this article. Before we get into the article I just want to state that this isn't financial advice so don't take it as such. With all that being said though we are going to dive into the article now.
Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency, and a $0.001 transaction cost. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset. Elrond's adaptive state sharding architecture completely shards state, transactions, and network. It can scale by adding another shard when the throughput demand is unmet. To increase adoption, the project also supports developers building on the platform by allowing them to earn 30% of the smart contract fees as royalties. This is why I believe in this project and believe it's a great project to buy.
Polkadot was created with its intention being to connect all of the cryptocurrencies of the world. This is why this crypto is given the layer zero layers because It's bigger than just one ecosystem. Polkadot is already kickstarting its para chain auctions which allow for cryptos to buy slots on the network. What Polkadot does is facilitate the cross-chain transfer of any data or asset types. Not just cryptocurrency or its tokens there for making a wide range of blockchains interoperable with each other. This is great for the internet of things which will be a big part of our everyday lives sometime in the near future. Not just that but also Polkadot will be a great asset to own because it will also connect all these cryptocurrencies blockchains making it easy to wrap tokens and cryptos through any blockchain you want. This is why I believe this is going to be a great buy.
Netvrk was created with the intent of creating high-quality virtual reality content since such content is lacking as of right now. They also want to make it where it will be easy to make money off of the virtual world they and the community have created. The main ways you can make money from the game is through setting up a virtual business like a shop or real estate business or even a gaming and entertainment business. You could also make money from billboards that are set up around the city in the game. We can also expect more partnerships with other cryptos and blockchains especially with more mainstream cryptos once this project takes off as companies and cryptos don't want to miss a chance to have a spot in a metaverse virtual world. If they can pull it off they can be a top-five or top three metaverse crypto which is why I think it's a great buy.
Fantom was created to make DeFi easily accessible to everyone, not just those that can afford the high fees associated with DeFi especially on the Ethereum blockchain. Fantom is a directed acyclic graph (DAG) smart contract platform providing DeFi services to developers using its bespoke consensus algorithm. The developers say they have reduced the transactions speeds to just under two seconds. Which makes it way more efficient than Ethereum making it a popular choice amongst DeFi users. This is why I believe this coin is a good buy because the fundamentals of the coin are great and could be a great competitor to Ethereum.
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. Different from other DEXs, they are invested in building a strong foundation with the exchanges BOO token as a governance token, diverse farms, a built-in bridge, built-in limit orders, and a user-centered service. Being one of the biggest decentralized exchanges in the fantom eco-system as well with only a $250,000,000 market cap. This is why I think this coin is a great buy but also because as the ecosystem grows this coin will go up. It also probably has one of the easiest DeFi interfaces in the fantom ecosystem.
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