Potential Blockchain and Infrastructure Tokens to watch out for!


Dear Readers,

In continuation to understand the potential coins series, we would learn some of the potential blockchain and infrastructure tokens in this article to watch out for investment purpose.  The ranks are according to the market cap listed by the coinmarketcap.com website. 

Elrond -EGLD

Elrond is much known blockchain protocol aiming for speedy transactions. It is now called as MultiversX. It ranked 40 in the coinmarketcap website and currently trades at $ 42.79. More about ELROND is at https://elrond.com/ 

Etherium -ETH

Etherium needs no introduction and it has the 2nd highest markcap after Bitcoin. Ether- ETH is the native token. It is the decentralised open source block chain system which is widely used. You can get to know more about Etherium at https://ethereum.org/en/. With the 2nd rank, ETH currently trades at $ 1254.79. 

Binance BNB

Powers the Binance eco systems, BNB Chain is a decentralized blockchain ecosystem. It gains much popularity because of its cheap gas fee and quick process. Ranked 4 in the coinmarket website and currently trades at $ 288.84. One can know the full information about BNB eco system and its projects at https://bnbchain.org/en 

Avalanche AVAX

Ranked 18 and trades currently at $ 13.70, Avalanche is a decentralized, open-source proof of stake blockchain with smart contract functionality. AVAX is the native cryptocurrency of the platform.  More information can be found through their website- https://www.avax.network/ 

Solana SOL

Solana decentralized computing platform that uses SOL to pay for transactions. More information can be found at https://solana.com/ . Ranked 16 and currently trades at $ 13.40.

NEAR Protocol

NEAR Protocol is a public Proof-of-Stake (PoS) blockchain that aims to bring DeFi to the masses with low transfer fees and fast transactions. NEAR competes with Avalanche, Solana, Cardano, Algorand, the new version of Ethereum, and other PoS networks. More information can be found at https://near.org/. Currently it trades at $ 1.68 and ranked at 33. 

CELO

CELO is a global payments infrastructure that makes financial tools accessible to anyone with a mobile phone. You can get to know more information on CELO at https://celo.org/about . Ranked 87 and currently trades at $0.686. 

FLOW

The Flow protocol is a fast, decentralized, and developer-friendly blockchain that can power a new generation of games, apps, and digital assets. Ranked 37 and currently trades at $ 1.12.  More information related to FLOW can be accessed at https://flow.com/ 

Fantom FTM

Fantom is a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. More information can be accessed at https://fantom.foundation/. Ranked at 63, currently FTM trades at $0.2407. 

ALGORAND ALGO

Algorand (ALGO) is a blockchain platform and cryptocurrency designed to function like a major payment processor. Ranked 28, currently trades at $0.2381. More information is at https://www.algorand.com/ 

Polygon MATIC

Polygon (MATIC) is an Indian blockchain platform that enables blockchain networks to connect and scale. It aims to create a multi-chain blockchain ecosystem compatible with Ethereum. As with Ethereum, it uses a proof-of-stake consensus mechanism for processing transactions on-chain while deriving its security from Ethereum. More information is at https://polygon.technology/ . Ranked 10, currently trades at $0.9103

Casper CSPR

Ranked 89 and currently trades at $0.9103. Casper is designed to accelerate enterprise and developer adoption of blockchain technology today and evolve to meet the needs of the future of Web3. More information is at https://casper.network/ 

HEDERA HBAR

Hedera Hashgraph is faster than most major blockchains such as Bitcoin, Ethereum and Cardano. It can handle 10,000 transactions per second. Its low, predictable fees cost only $0.001 per transaction, as compared to Bitcoin's, which cost an average of $22.57, and Ethereum, ranging at $19.55. More information is at https://hedera.com/ . Ranked 38, HBAR currently trades at $0.04754

TRON TRX

TRON is the well known decentralized, open-source blockchain-based operating system with smart contract functionality, proof-of-stake principles as its consensus algorithm and a cryptocurrency native to the system, known as Tronix. More information is at  https://tron.network/. Ranked at 15, currently TRON trades at $0.05304. 

Polkadot DOT

Polkadot is a blockchain platform and cryptocurrency. It is designed to allow blockchains to exchange messages and perform transactions with each other without a trusted third-party. More on the technology and projects can be found at https://polkadot.network/. Ranked at 11, currently trades at $5.52. 

KlayTN KLAY

Klaytn is an enterprise blockchain platform developed by South Korean internet provider Kakao. Its modular network architecture is designed to enable businesses to conveniently customize and operate their own service-oriented blockchains built atop Klaytn architecture. More information about this is at https://www.klaytn.foundation/ . Ranked 69, KLAY trades at $0.1861. 

Cardano ADA

Cardano is a popular public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. More information on Cardano and its eco systems is at https://cardano.org/.  Ranked at 9, Cardano currently trades at $0.3197

Immutable IMX

Ranked 81, Immutable X currently trades at $0.4988. Immutable X (IMX) is a blockchain platform that simplifies the creation of non-fungible token (NFT) projects for developers. The protocol aims to achieve security and scalability for the network without compromising on either of them. More information is at https://www.immutable.com/ 

 

 

 

 

 

 

 

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