After quite a shaky start to the year, the world’s most popular cryptocurrencies surged in March. Due to escalating tensions between Russia and Ukraine and predictions of more aggressive interest rate increments, risk assets such as equities fell in the first months of 2022. Seesaw news…
Virtual currencies, on the other hand, have regained some of their velocity as of April.
With the information on the ground and the revolving hype around them, these three coins look to have the most prospect of succeeding and are one to look forward to if you’re considering what coins to invest in and you find yourself stuck at an impasse. These crypto tokens include Chainlink (LINK), Teraa (LUNA), and Seesaw Protocol (SSW).
Decentralised apps (dApps) and decentralised finance (DeFi) services rely on sophisticated smart contracts and automatic computer programs. To put it another way, a blockchain is a decentralised network that cannot interface with other systems. Hence, smart contracts have limited real-world usefulness. For the first time, it is now feasible to add data to any blockchain network without sacrificing its decentralised character thanks to Chainlink (LINK).
Decentralised oracles supported by the LINK token are part of Chainlink’s oracle infrastructure. LINK tokens must be staked by Oracle node administrators to participate in the network. The Chainlink protocol picks the correct number of oracles when a smart contract seeks data from the network.
LINK has a limited supply of 1 billion tokens, making it a very valuable asset. The need for Chainlink oracles is expected to expand as more smart contracts are designed that require factual data. This, in return, should lead to a rise in the price of the LINK token. There are other blockchain oracle networks, of course, but Chainlink is the most widely used. The cryptocurrency appears like a good investment because of this.
Up next on our list is Terra (LUNA) which is a prospective crypto asset to pour your investments in return for better gains in the long run.
This year, Terra seems to be the only top 10 coin with its value rise, up 10% as of April 18th. Terra is the ninth-largest cryptocurrency by market capitalisation.
The real-world usefulness of Terra may exceed that of any other cryptocurrency now available for investment. Terra’s ecosystem consists of stablecoins, whose value is pegged to fiat currencies, and LUNA, the native currency of Terra.
With a launch price of $1.273 when it first hit the market in July 2019, Terra (LUNA) has seen its value soar. As of this writing, Terra (LUNA) is trading at $92.44, with a transaction cost of roughly 3%. Predicted by Wallet Investor, Terra (LUNA) is expected to hit $150 in value by January 2023.
Seesaw Protocol (SSW)
Seesaw Protocol (SSW) is a decentralised cryptocurrency that links different blockchains. Not only is Seesaw Protocol (SSW) a potentially excellent financial investment, but it might also be an excellent educational investment.
As part of its mission to promote blockchain and crypto education, Seesaw Protocol (SSW) has pledged to give 1% of its marketing profits to the cause. Investing in emerging countries, in general, will benefit from this. Seesaw Protocol (SSW), which started with a value of $0.005, is now worth $0.40. You may wish to invest now at this price.