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Top 8 New Cryptos to Watch for Gains in Q2 2022

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Top 8 New Cryptos to Watch for Gains in Q2 2022

The cryptocurrency industry is growing rapidly, and in early April 2022, it features more than 18,750 live coins and tokens. That, of course, means that there are countless cryptos among them that have great potential to see profits and make their investors very happy. However, identifying those coins among all the others can be a near-impossible task, especially if you don’t have much experience in studying coins and tokens and recognizing which ones have potential.

To help out, we have created a list of our own top 8 new cryptos to watch for gains in the second quarter of this year, as we believe that the following coins could see quite a notable price increase, and secure profits for their investors. Note that we cannot guarantee that it will happen, but we see the coins’ potential, and we hope they will live up to it in the next few months.

With that said, here are the coins that we are interested in.

1. ApeCoin

ApeCoin is an ERC-20 utility token that is used within the APE Ecosystem for things such as governance, as well as providing incentives to the ecosystem’s users and members. By holding the coin, the users are eligible to join the project’s decision-making community — the ApeCoin DAO — and help vote on the proposals or submit new ones themselves.

Holding the coin also grants users access to certain parts of the ApeCoin ecosystem that are not available to non-holders, including exclusive games, various services, and alike. The coin can also be used as a currency in the crypto ecosystem, or as a tradable coin or investment coin. Finally, ApeCoin is also a tool for third-party devs to participate in the ecosystem by incorporating it into their services, games, and similar types of projects.

The project is decentralized, and so is the APE Foundation which acts as a steward of ApeCoin, and whose goal is to help the growth and development of the project and its community.

To learn more visit our Investing in ApeCoin guide.

2. Internet Computer

Next, we have the Internet Computer, which claims to be the fastest and the only infinitely scalable general-purpose blockchain. The project’s goal is to become the “world computer,” which would host Web3 dApps, DeFi, NFTs, games, social media, metaverse, and any other blockchain product that exists, or that will be invented over time.

It also says that its blockchain can support 250,000 queries per second, with a 1-second transaction finality. But, the very concept of “world computer” is the most interesting part of this project, and it actually originated in Ethereum’s ecosystem. It is also worth noting that, while the project did suffer a massive price drop since its launch in mid-2021 to date, going from beyond $450 to $20 at the time of writing, a lot of experts — including individuals and companies alike — believe that Internet Computer has great potential for the future of blockchain and crypto.

To learn more visit our Investing in Internet Computer guide.

3. Render Token

In the third spot, we have RenderToken, which is a distributed GPU rendering network that operates within Ethereum’s ecosystem. The project’s main goal is to connect artists and studios that require GPU computing power with mining partners who are willing to rent their excess GPU power, thus granting the artists and studios what they need, in exchange for compensation.

The project uses a system called the proof of render, which is a combination of manual and automatic Proof of Work. The system verifies that art has been rendered successfully, and once it does, it pays the contributors their rewards. Said rewards are stored in escrow during rendering, so there is no danger of the artists/studios not paying the computing power providers, nor is there a risk of them receiving badly-rendered products. To further ensure this, all rendered works have a watermark until the payment is successfully distributed, and after that, the watermark is removed.

To learn more visit our Investing in Render Token guide.

4. DOGAMI

Halfway down the list, we have DOGAMI. This is a unique blockchain-based mobile game that uses the popular play-to-earn (P2E) model where players can adopt and raise virtual NFT dogs, each of which is created to be beautiful and unique.

DOGAMI’s ecosystem is a pioneer in this area, and it also allows users to earn the project’s native cryptocurrency, DOGA. DOGA’s purpose is to serve the DOGAMI metaverse as a utility token, where users can buy add-ons, various upgrades, and customize DOGAMI. They can also trade various items in the game, purchase new dogs, interact with other players, and more.

Apart from being unique, each dog also has its own specific attributes that will emerge in different stages of its evolution, allowing players to enter various events and competitions and compete against one another in real-time. Basically, if you are interested in having a digital pet dog, then this is definitely a project you should look into.

5. Aurox

In the fifth spot, we have Aurox. This is a DeFi project featuring a unique crypto trading terminal that is powered by the project’s native cryptocurrency, the Aurox (URUS) token. Aurox’s aim is to simplify crypto trading to the point where it would be extremely simple and where users would be able to make decisions with great confidence, instead of worrying whether they are making the right move.

Of course, the complexity of trading cryptocurrencies is nearly infamous at this point, which is why the project decided to create an entirely new system of alerts and indicators that would help traders decide what to do. It also offers DeFi services such as staking, and by staking URUS, users actually unlock these proprietary alerts and indicators. In addition to that, the tokens also power the project’s lending and trading protocols, which were made to be just as simple to use as all other aspects.

6. Conflux

Moving on to number six, we have a project called Conflux, which enables creators, communities, as well as entire markets to connect across protocols and borders. It achieves this by providing sustainable infrastructure for the worldwide token economy.

Conflux functions as a high-throughput 1-Layer consensus blockchain that uses a consensus algorithm known as Tree-Graph — a unique algorithm of its own making. The algorithm enables the parallel processing of blocks and transactions in order to increase scalability and throughput.

One more thing to note about this project is that it is the only public, permissionless blockchain that is regulatory compliant in China, which gives it a unique advantage, and makes it extremely attractive to any project that is targeting the Asian markets.

To learn more visit our Investing in Conflux guide.

7. The Wasted Lands

Nearing the end of our list of the top 8 new cryptos to watch in Q2 2022, we have The Wasted Lands. This is a pioneer sci-fi game that integrates numerous gaming elements into its role-playing gameplay in a unique post-apocalyptic metaverse.

The so-called Wasted-verse offers distinctive gaming features, all of which revolve around the project’s metaverse ecosystems, including Match 3 puzzle RPGs, shelter-building games, racing games, and more. In other words, the project is prepared to provide a fun and engaging experience regardless of the type of game its users prefer.

The project’s fantasy metaverse offers a world filled with adventure in a post-apocalyptic world. It is strongly involved with NFTs, allowing players to create their unique Warrior NFT, and explore the vast world that they can explore in vehicles, build shelters, create new NFTs, have pets and explore lands, and get different equipment upgrades, and much more.

8. Biswap

Finally, as the last on our list, we have Biswap. This is a decentralized exchange that runs on Binance’s BSC, and offers the lowest transaction fees on any DEX featured on Binance Smart Chain. The fee for making transactions on this platform is only 0.1%, and the project vows to commit to further innovation in the DeFi sector through its high-quality products and services.

It also rewards users through things such as a referral system, lottery, launch pools, swaps, and more. On top of that, it is rich with various DeFi functions, such as an NFT marketplace, an AMM, yield farming, liquidity pools, and even an IDO launchpad. Moving forward, the project aims to reach major crypto exchanges where it will list its native token BSW, improve its NFT marketplace, enable cross-chain support, introduce limit orders, lending and borrowing, and create a personal dashboard for each user.

Conclusion

The crypto world is ripe with opportunities, and all it takes is knowing how to recognize them. That, of course, requires research and becoming deeply familiar with each of the tokens you are considering. Above, we have presented our list of the coins and tokens that we believe have great potential to blow up in the following few months. While this is by no means a guarantee that it will happen, it can be a place for you to start your own research. Look into each of them, and see if your expectations match ours, and then.

Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.

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