The top cryptocurrencies are expected to grow rapidly in February 2022 | by robin

The top cryptocurrencies are expected to grow rapidly in February 2022 | by robin | Feb, 2022

9 February 2022

in XLM

Reading Time: 8 mins read

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Undoubtedly, investments in digital assets are growing. Today, the trading volume of cryptocurrencies has surpassed $101.29 billion. Importantly, Bitcoin (BTC) and Ethereum (ETH) continue to be the top choice for traders. However, viable alternatives are coming out now. These virtual assets are offering high returns to investors. Are you an entrepreneur looking to commence a financial revolution? Begin cryptocurrency development.

Here are the 5 cryptos growing by mind-boggling proportions

Avalanche (AVAX)

Avalanche is an eco-friendly platform for creating Decentralized Applications (DApps) on the Ethereum blockchain network. Currently, it also helps in launching both private and public blockchains. Besides that, blockchain developers can create their virtual machines and finalize terms and conditions regarding their business operations.

Currently, the market cap of AVAX is more than $21.33 billion. Besides that, investors can stake or lock up their AVAX holdings. Avalanche also has a throughput of 4500 payments per second, a transactional finality of fewer than 2 seconds, and is also highly energy efficient.

Operating on the Proof of Stake (PoS) consensus mechanism, users can also transfer assets seamlessly between the Avalanche and the Ethereum blockchains.

Avalanche is also being utilized for borrowing and lending, management of assets, developing Decentralized Exchanges (DEXes), protecting digital identities, and also for minting crypto-collectibles like Artwork, Certifications, Software Licenses, and Gaming assets.

Zilliqa (ZIL)

It acts as a platform for creating user-friendly Decentralized Applications (DApps). Project creators get several benefits such as scalability, environment sustainability, and military-grade security measures. Importantly, Zilliqa has deployed around 108,611 smart contracts. ZIL token has a low price of $0.05 and investors can high returns by choosing options like staking and yield farming.

Moreover, the total value locked (TVL) on the platform has crossed $318.81 million. Investors can also manage their assets safely by using wallets like Moonlet, ZilPay, Ledger, Trust Wallet, Atomic Wallet, Guarda Wallet, Infinito Wallet, Math Wallet, Exodus, Zengo, BoltX, Button Wallet, Zengo, Dapp Pocket, and Frontier. Crypto enthusiasts can also purchase digital assets from trading platforms like Binance, Huobi, KuCoin, Bybit, and OKX.

Near Protocol (NEAR)

Undoubtedly, blockchain technology is transforming the global financial system. Likewise, NEAR Protocol is a platform for building Decentralized Applications (DApps), games, and Decentralized Finance (DeFi) platforms. What is the biggest Unique Selling Point (USP) of NEAR? Since its launch in April 2020, it is promoting mass adoption of Web 3.0.

Moreover, project developers also get benefits like low gas fees, instant processing of transactions, and a friendly user interface. Multi-chain compatibility is another aspect of NEAR. Investors can transfer assets to and from Ethereum, Polkadot, and Cosmos blockchain networks.

In the long run, NEAR is also planning to be the choice for creating DeFi platforms, minting Non-Fungible Tokens (NFTs), and establishing Decentralized Autonomous Organizations (DAOs). The daily trading volume of NEAR has crossed $719.84 million. As a Layer 1 blockchain, NEAR solves scalability issues easily. It functions on the Doomslug consensus mechanism and allows investors to transfer ERC-20 tokens from the Ethereum blockchain to NEAR.

Moreover, investors benefit from higher throughput due to the usage of Nightshade technology. Thus, validators process payments parallelly across numerous sharded chains. All the shards in Nightshade generate a fraction of the next block, known as Chunks.

Importantly, NEAR Protocol has a whopping transaction processing speed of 100,000 due to the one-second block cadence. Moreover, users can also purchase NEAR tokens on leading crypto exchanges like Binance, Huobi, FTX, OKEx, and Mandala Exchange.

The Sandbox (SAND)

Operating as a virtual metaverse, Sandbox is a fast-growing NFT marketplace. The decentralized gaming platform is a pioneer in Next-Gen technologies like 3D and Augmented Reality (AR). The uniqueness of The Sandbox lies in its attention to user-generated content (UGC). Functioning on the Ethereum blockchain, users can play, share, and also migrate their LANDS.

Importantly, Alpha Season 1 was a huge blockbuster for The Sandbox. It has distributed around 5 million $SAND tokens, 5K Alpha Passes, and a mind-boggling 15,000 Non-Fungible Tokens (NFTs). Around 200,000 visitors have clocked a time of more than 150,000 hours.

Currently, the platform is focusing more on Alpha Season 2. More attention would be devoted to creating a virtual experience, offering more Play-to-Earn (P2E) rewards, along with surprises for artists, creators, and players. Moreover, users can also earn $SAND tokens by transferring a certain amount of cryptocurrency.

Stellar (XLM)

Operating as an open network for money, Stellar assists users to store and transfer assets like US Dollars, Pesos, and Bitcoin (BTC) easily. It also has a variety of Application Programming Interfaces (APIs) and Software Development Kits (SDKs).

Moreover, the platform also has a native Decentralized Exchange (DEX). Thus, investors can use it for buying and selling cryptocurrencies, foreign exchange, and digital securities. Stellar is also ticking the right boxes as it has several use-cases.

Currently, Fintech enterprises are also using it for complying with national and international laws, for transferring payments via remittances, enabling the cross-border transfer of funds, for creating stablecoins and central bank digital currencies (CBDCs). Transparency is ensured as users can head over to the transaction explorer and view the activity on the blockchain network.

It shares details about the total accounts, average ledger time, overall payments, the base operation fee, the amount of Stellar (XLM) in circulation, the trading volume, and the number of new assets issued. As mentioned above, a Cryptocurrency development services enterprise is also adept in creating Decentralized Applications, DeFi platforms, virtual tokens, and NFT marketplaces.

Wrapping Up

What are you waiting for now? Collaborate with a reputed cryptocurrency development company and offer economic freedom to the entire globe.

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