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The cryptocurrency industry is booming, with new tokens being launched almost every day. In such scenarios, it is a challenge to keep track of potential crypto investment options. That is why we brought you this list of top cryptocurrencies to invest in today:
Aptos (APT)
Aptos or APT was launched by two former Meta’s Diem blockchain engineers, with a dual vision within the blockchain sector. Firstly, to bring the mainstream adoption of blockchain into web3, and second, to empower and facilitate an ecosystem of decentralized applications that could help solve real-world problems.
The Aptos blockchain uses a Layer-1 Proof-of-Stake (PoS) protocol. Aptos is built with a Rust-based programming language called ‘Move’, which is known for its novel smart contract. This new language offers advantages such as modification of private keys, modular design of Aptos, and verifiable blockchain commands.
Most blockchains complete transactions sequentially, which means if one is wrong, the whole process gets held up. However, Aptos uses a parallel execution engine- a Byzantine fault-tolerant (BFT) – that processes transactions simultaneously and validates them afterwards. AptosBFT facilitates a network with a high ‘transaction per second’ (TPS), which is around 150,000 TPS.
The native currency of the Aptos blockchain is called APT. At the time of writing this article. APT has a market cap of $1 billion and a circulating supply of over 241 million APT.
Polygon (MATIC)
The second project on our list is Polygon, formerly known as ‘Matic Network’. Polygon was launched to offer solutions to some of the issues faced by the Ethereum blockchain, such as low transactions per second, high fees, and unsatisfactory user experiences.
The Polygon project was started with a vision to create an ecosystem in which blockchains are freely used to exchange information and value. Thus, Polygon can be claimed as the first easy-to-use and well-designed multi-chain ecosystem that can be used for Ethereum scaling plans and infrastructure.
Compared to other multi-chain ecosystems such as Cosmos and Avalanche, Polygon weighs higher because it enjoys the bonus of Ethereum’s security and wide acceptance.
Polygon’s use of the Plasma framework allows its side chain to achieve a high TPS of around 65,000. The framework also allows it to create and host decentralized applications on its infrastructure without facing any issues typically encountered by PoW blockchains.
The native token of Polygon is an ERC-20 token known as MATIC. The MATIC tokens are used for both governance and utility within the Polygon ecosystem. The market capitalization of Polygon is now $6 billion, with a circulating supply of 9 billion MATIC tokens.
Wall Street Memes (WSM)
Despite the crash of the major meme coins, the Wall Street Memes presale is witnessing an inflow of funds.
Wall Street Memes have many things in its favour which is making its presale hugely successful. It is gaining popularity and acceptance from the meme coin community thanks to its robust social media following of around one million with support from major crypto influencers. The coin is currently being offered at a discounted price during the presale, which projects it as a bargain.
Wall Street Memes was designed as a homage to a popular 2021 incident related to the GameStop short-squeeze. The project has major merchandise ideas to broaden its current popularity and social standing. The token’s tokenomics indicates that it is driven by community sentiments.
The native token of this project is WSM. About half of its total supply which amounts to $1 billion tokens, will be made available for presale, which will further be split into 30 stages. The presale has so far raised $5 million. Right now, 1 WSM is equal to $0.0253. After the presale, it will be listed on several exchanges, with a considerable increase in value, making the ongoing presale an attractive time to get into the project.
Klaytn (KLAY)
After its phenomenal success in South Korea for two years as the dominant blockchain platform, the Kylatn Foundation was established to begin Klaytn’s global journey. Klaytn is a public blockchain project that focuses on three popular arenas that have grabbed the world’s attention: creator’s economy, metaverse, and game-fi.
Klaytn provides a metaverse package to simplify its development and creation. In its metaverse package, Klaytn offers SDKs, smart contract libraries, digital wallets, oracles and bridges, and many more features. The project also offers supporting services to sustain a metaverse which includes NFT marketplaces, trading platforms, etc.
Klaytn facilitates real-time minting of gaming item drops with the help of its Istanbul BFT. This consensus algorithm helps transactions achieve 1-second deterministic finality, ensuring data correctly is recorded on the blockchain without the possibility of being reversed. This allows Klaytn to overcome the probable finality issues found in PoW and PoS blockchains.
The native token of this blockchain is KLAY. The main utility of the token is to fuel and secure the Klaytn protocol.
AiDoge (AI)
Last, but not the least, we have AiDoge, which aims to join the two most popular cyber topics: memes and artificial intelligence. According to its whitepaper, AiDoge understands the importance of the latest updates, information, and content in the world of cryptocurrency.
AiDoge, thus, intends to generate memes as a medium for both engagement and communication in this space. AiDoge will utilise artificial intelligence to enable its users to create relevant, timely, and quality memes that will go with news from the cryptocurrency world.
The native token of the AiDoge ecosystem is known as AI. Since AiDoge is an Arbitrum network-based token, AI follows the ERC-20 standard. It serves both governance and utility purposes. AI can be used to purchase credits, earn staking rewards and incentives, and also participate in governing the AiDoge DAO.
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