4 Early Crypto Gems For Big Profits - 100x Crypto

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Cryptocurrency is one of the most highly profitable investment industries, with impressive initiatives that have returned 100x. It can be challenging to determine which crypto projects have a chance of becoming the following 100x crypto, though.

In this article, we’ll go over some important things to think about when looking for a hidden cryptocurrency gem that could provide a significant return on investment.

MetisDAO (METIS)

Blockchains can’t be decentralized, safe, and scalable at the same time, which is the blockchain trilemma. MetisDAO is an Ethereum Layer-2 scaling solution that aims to address this. Additionally, it intends at fixing the six main issues with Ethereum: simplicity, speed, storage, scalability, security, and cost-savings.

MetisDAO seeks to serve both developers and business owners who want to create and manage new decentralized applications (dApps) as well as developers and entrepreneurs who want to build and introduce existing dApps.

To assist developers and companies in transitioning from Web2 to Web3, it also incorporates the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure. Several features set MetisDAO apart from competing protocols.

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— Metis🌿 (@MetisL2) May 16, 2023

Optimistic Rollups, which combine many transactions into a single transaction that is subsequently completed on Ethereum, enable MetisDAO users to conduct transactions fast and cheaply on the Ethereum blockchain. Its Layer 2 infrastructure makes use of Ethereum’s security and decentralization while also lowering transaction costs and accelerating transaction times.

While layer-1 is typically where transaction data is kept, MetisDAO only keeps the bare minimum of data there on layer-1, with the majority of its transaction data being kept off-chain. The Sequencer then stores this off-chain data in Memolabs storage.

Storage on Memo Labs is a lot less expensive than on a Layer 1 like Ethereum. Additionally, MetisDAO provides a modular architecture that enables programmers to create and alter their own dApps utilizing MetisDAO’s infrastructure.

See our guide to the best altcoins to buy now here.

Centrifuge (CFG)

A decentralized asset financing protocol known as the Centrifuge. In an effort to minimize the cost of funding for small and mid-size enterprises (SMEs) while providing investors a steady source of income, it links decentralized finance (DeFi) with real-world assets (RWA).

The main objective of the project is to make income that is unrelated to the volatility of cryptocurrency assets; the developers are working to convert actual money from fiat to cryptocurrencies. Centrifuge is being used by businesses to gain access to the liquidity DeFi offers to provide.

Through Tinlake, a decentralized application (dApp) lending protocol, they can tokenize actual assets and utilize these tokens as security to get finance. Polkadot is used in the Centrifuge blockchain for speed and cheap fees, while Tinlake, its financial dApp, is built to access Ethereum liquidity. See our guide to the best DeFi coins to buy here.

Everyone has access to liquidity through Centrifuge, while investors profit and gain benefits in the form of CFG tokens. Centrifuge connects DeFi with assets like bills, properties, and royalties. Borrowers also gain from being able to finance their real estate without the use of banks or other middlemen.

By transforming physical assets into non-fungible tokens (NFTs), the Centrifuge protocol tokenizes them. They then receive funding from Tinlake. The first dApp created on the Centrifuge chain is called Tinlake. While CFG has its own bridge to Ethereum, it was developed to utilize Ethereum liquidity.

Integrating Centrifuge with other DeFi protocols is one of its features. By adding uncorrelated collateral, this innovation enables Centrifuge users to obtain liquidity without delays and safeguards DeFi protocols from destabilizing events. As a result, the overall risks are diminished and smart contracts take the role of predatory lending and banks.

The Polkadot ecosystem’s Centrifuge has the largest total value locked (TVL) as of June 2021. The project also boasts that it was one of the first to introduce a parachain on Polkadot. Operational efficiency and affordable prices were given top consideration when the Centrifuge chain was created.

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Skale Network (SKL)

A modular blockchain network named Skale is intended to provide Ethereum scalability. The only blockchain network that can support an infinite number of quick, on-demand, pooled-security blockchains without charging users any gas fees is Skale. They can be shared or dApp-specific and often referred to as Skale chains.

According to the project’s website, it aims to make it possible for users to create and maintain DApps on a “decentralized modular cloud built for real-world needs and configured for your requirements.” This decentralization emphasis does not come at the expense of security.

Skale claims that users of this platform may run Solidity smart contracts “thousands of times faster for a fraction of the mainnet cost”; among the projects that already make use of its infrastructure are games and multimedia streaming services. Guide on where to buy SKL token here.

Due to its novel architecture, Skale not only solves Ethereum’s scalability problems but also prevents end users from paying any gas fees even when the Ethereum network is busy. The entire Web3 ecosystem, including developers, consumers, NFT makers, and others, might be impacted by price volatility in gas fees.

In addition to Ethereum, other blockchains are also affected by this problem. Additionally special, Skale has an infinite capacity. As more nodes join the network, capacity increases. As opposed to monolithic L1s, new nodes can be used to form new chains, boosting the network’s throughput and processing capacity.

The team found that using Skale Network significantly increases the pace at which Ethereum-based smart contracts process transactions because Skale can operate considerably more quickly and can handle up to 2,000 transactions per second per Skale chain.

AiDoge (AI)

The presale of the native AI token for the brand-new AI-driven meme-creation platform AiDoge is currently underway. It makes use of cutting-edge artificial intelligence to generate memes from text inputs. Users can provide AiDoge commands outlining their concept for a meme, and it will take care of the rest.

Each meme that is created is distinct. AiDoge is an exciting platform that creates memes as NFTs and lets users share them. Users can therefore demonstrate their meme’s authorship, which is obviously essential if the meme becomes popular. AiDoge also features a vote system to highlight the top memes and foster competition.

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— aidogecrypto (@aidogecrypto) May 16, 2023

Memes’ position on the public wall is determined by user up- or downvotes on the platform. Memes with higher scores gain greater exposure, and the authors of those memes can receive tokenized incentives. The platform’s native cryptocurrency, AI, serves as the foundation of the AiDoge ecosystem.

Users must purchase credits with AI tokens in order to create memes. In addition, top meme authors and voters are rewarded using $AI tokens. Also, AiDoge makes it easier to stake AI tokens, providing holders with a consistent stream of passive payments. Guide on how to buy AI token here.

Currently, presale is the only way to buy AI tokens. Half of the entire number of AI tokens is being sold by AiDoge in 20 stages at escalating prices. The presale is in the stage twelve and has raised over $8.4 million to date. As a result, there is a lot of excitement surrounding this hot new cryptocurrency, and early presale investors will receive the best deals.

See our guide to the best AI crypto coins to buy here.

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