The cryptocurrency market is still expanding, with new and intriguing projects being launched daily. Although these initiatives are risky, they also have a high return potential for crypto investors.
With that in mind, this article will explore the best cryptocurrencies to invest in 2022 and which projects have the most promise before telling you how to make your investment now – all from the comfort of your own home.
Listed below are three of the greatest cryptocurrency projects likely to explode this year, including Near Protocol (NEAR), Aave (AAVE), and Freewoly (FWoly), all of which will be analysed in the next section.
Near Protocol (NEAR)
Near Protocol (NEAR) is one of the world’s few carbon-free blockchain-based systems.
It provides customers with a specialised trading platform for cryptocurrencies. In addition, it provides developers with a powerful foundation for launching scalable and fast decentralised applications.
In addition, Near Protocol is trying to eliminate hurdles to Web 3.0 adoption with cost-effective solutions. It contains a native token, NEAR, that can be used for staking and other platform transactions.
Near Protocol just announced a partnership with SailGP to develop a digital collectable series.
The NFT series would be the first decentralised autonomous organisation (DAO) to provide consumers ownership and power over a SailGP team. Four digital collections will be released as part of the programme, each based on the common ideals of Near Protocol and SailGP..
Aave (AAVE) is a tested liquidity protocol that has established itself as a market leader in the DeFi industry.
Aave principally provides access to lending and borrowing services via crypto-collateralized loans. This service seems particularly advantageous for populations with restricted access to these services, such as those with weak national currencies.
The liquidity pools on the Aave platform allow potential lenders to deposit any amount of a certain coin. Consider these cryptocurrencies a reserve, subsequently made available to potential borrowers.
Lenders are then reimbursed with interest on the deposited and borrowed cryptocurrencies. Aave streamlines the process of getting crypto-based loans from the borrower’s perspective.
The beauty of DeFi is that there are no lengthy credit checks or Know Your Customer checks; all required to get a loan is depositing the required amount of crypto collateral.
FreeWoly (FWoly) is an innovative new meme currency project that is being developed in the field of augmented reality. It is built on the idea of a fun play-to-earn (P2E) game.
The game’s objective is to provide a joyful and rewarding experience for participants; they should anticipate having a good time while also benefiting financially from the play-to-win format of the game.
Within the ecosystem of FreeWoly, there will be a marketplace where users can purchase and sell NFT animals and whole farms in exchange for tokens. The players, developers, and investors that are a part of the FreeWoly ecosystem will all gain from this.
The FWoly meme token will be used to keep the FreeWoly ecosystem and the P2E game going.
FreeWoly (FWoly) intends to blend the ease of use of Pokémon Go with the tactical complexity of Farmville.
When two distinct types of gaming are mixed, the end product is likely to be an experience that is both extremely engaging and pleasant, with the potential to draw in a group of devoted followers.
Playing FreeWoly can result in monetary rewards. The FWoly meme coin functions as the protocol’s native token and can be used to pay for goods and services.
More information FreeWoly (FWOLY)