- BattleInfinity – The world’s first NFT-based metaverse fantasy sports game
- Lucky Block – A fair and transparent game of chance.
- Ethereum – The world’s supercomputer
- Tezos – A high-profile community-governed altcoin
- ApeCoin – The altcoin behind the hottest NFT collection
- Theta – A project dedicated to decentralized video streaming
- Uniswap – An automated market maker decentralized exchange
- Solana – The hottest PoS blockchain in 2022
1. Battle Infinity
Battle Infinity tops the list of the best altcoins to watch and buy in 2022 as it’s the first NFT-based fantasy sports game integrated into the metaverse.
Battle Infinity is a gaming platform with multiple play-to-earn (P2E) battle games integrated into its metaverse called ‘The Battle Arena.’ In the arena, users control their avatars and plug into the metaverse to explore, socialize, battle against each other, and attend events.
The entire Battle Infinity ecosystem consists of six different products;
- IBAT Premier League
- IBAT Battle Swap
- IBAT Battle Market
- IBAT Battle Games
- IBAT Battle Arena
- IBAT Battle Staking
The IBAT Premier League is the flagship product from Battle Infinity. It is an NFT-based fantasy league game that allows users to build strategic teams to battle each other and earn. The entire team gets scored on the player’s individual performance in real-world matches, and the team with the highest scores wins and gets rewarded.
Users need to buy an NFT pass to enter the matches, which provides them with the budget to form their fantasy league team using real-life sports players.
The individual players are given a score based on their real-world performances. In addition, Battle Infinity has developed an in-depth point system to score points in cricket, football, basketball, and kabaddi.
Points are awarded to players for achieving specific performance markers in real-world matches. For example, in Football, strikers are awarded 8 points for goals. They are also awarded 2.5 points for every shot on target. Other factors that contribute to points are playing time, assists, and clean sheets. Furthermore, there are point multipliers if your player is a captain or vice-captain. The data from the live matches are fed into the ecosystem using an API to provide the scoring info.
Players can access the platform through any browser or mobile device. However, users need to connect their Battle Infinity account with any Web3 wallet, such as MetaMask, to interact with the Battle Infinity smart contracts.
In addition to the IBAT Premier League, Battle Infinity also has IBAT Battle Games, a multiplayer game store where users can play NFT-based play-to-earn games for another source of income. Game developers can also launch their games here and earn by monetizing the traffic.
IBAT Battle Swap is a dex that acts as a bank for the platform. It allows users to swap IBAT token rewards for other cryptos. In addition, users can trade their NFTs on the IBAT Battle Market and mint their artwork there to sell.
Battle Infinity is currently hosting a presale where you can purchase IBAT tokens. The presale has a 16,500 BNB hard cap and is expected to run until October 10th, 2022.
Overall, Battle Infinity is undoubtedly the top cryptocurrency to watch in 2022, as it is a novel platform that brings the popular fantasy league games to the metaverse for the first time.
Lucky Block is a blockchain-based crypto gaming platform that offers fair, transparent, and decentralized daily competitions. It is a play-to-earn blockchain-based gaming platform that provides jackpot draws and daily competitions.
The project launched earlier in 2022 on the Binance Smart Chain and produced quadruple-digit returns for presale investors. In fact, Lucky Block was the fastest crypto to hit a USD1 billion market cap.
LBLOCK is the project’s token that allows users to buy tickets and daily prize draws.
Initially, LBLOCK was launched on the Binance Smart Chain and charged a transaction tax for buys and sells. However, the project recently upgraded the protocol and released LBLOCK v2 to shift Lucky Block into the ERC-20 model.
LBLOCK V2 has no tax on buy or sell transactions, making it more accessible to day traders. Previously, traders would have to give away part of their profit to the transaction tax, making it an undesirable day trading location.
The upgrade to the ERC-20 model and the removal of the tax has also allowed it to be listed on two major exchanges. It will be listed on LBank on July 25th and MEXC on August 1st.
Ethereum is another top-10 ranked project worth watching and buying in 2022. Ethereum is the industry’s most popular smart contract platform that aims to become the supercomputer of the internet.
Ethereum is the home of the most widely used DeFi apps, such as AAVE and Uniswap, and is also the number one blockchain to mint NFTs on top. Given its widespread utility, it is no surprise that investors believe that Ethereum will continue to grow as the industry gains traction.
One of the main reasons Ethereum is on this list is the upcoming fundamental driver that will change the entire blockchain. Ethereum is set to undergo its ;Merge’ event at some point toward the end of August 2022.
The Merge will see the Ethereum blockchain shifting from an energy-intensive mining algorithm in Proof-of-work (PoW) to a more ecofriendly alternative in Proof-of-Stake (PoS).
The shift to PoS is a major upgrade to the scalability of the network and is also expected to make it more sustainable. Currently, Ethereum can only handle 25 transactions per second, which causes transaction fees to surge during periods of high demand. With the shift to PoS, the network should be able to achieve much higher throughput while keeping fees low.
Another fundamental aspect to watch for Ethereum is the upcoming Difficulty Bomb, designed to force miners to support the network shift to PoS. One exploded, the Difficulty Bomb will make it extremely difficult for miners to remain profitable on Ethereum PoW, forcing them to start supporting the PoS network.
Tezos is an energy-efficient PoS blockchain that has the capabilities to conduct network upgrades without the need to hard fork. The project kick started the ICO revolution in 2017 after raising well over $200 million.
The network is governed by holders of the XTZ token, who vote on improvement proposals in the on-chain voting mechanism.
Tezos makes this list due to the high-profile partnerships they have managed to secure. For example, Tezos managed to sign a USD 27 million multi-year deal to be the official kit sponsor of Manchester United. It also became the official blockchain partner of the New York Mets in May 2021.
In May 2022, Tezos upgraded the 10th protocol upgrade, dubbed Jakarta, which introduced Transaction Optimistic Rollups that allow the exchange of assets and higher transactions per second by using the Layer 2 scaling solution.
ApeCoin is one of the newest projects on this list, having just launched in March 2022. ApeCoin is the cryptocurrency behind one of the hottest and most expensive NFT collections in the cryptocurrency industry, the Bored Ape Yacht Club (BAYC).
When BAYC launched, it gained the support of a wide range of top-tier celebrities, including Mark Cuban, Jimmy Fallon, Neymar Jr, and Serena Williams. As a result, the NFTs started to trend to become the most sought-after NFTs in the game.
ApeCoin is the utility token behind the project and is expected to be the transaction method in the entire BAYC ecosystem.
Theta is the cryptocurrency behind a peer-to-peer video streaming platform that seeks to decentralize videos on demand.
Through the network, users share their excess computing and spare bandwidth resources to allow content to be distributed to viewers on the platform. As a result, Theta has created the very first Decentralized Streaming Network (DSN).
Founded in 2018, Theta provides an avenue for content creators to completely own the revenue generated from their content.
At the heart of Theta lies Theta EdgeCast, the app that content creators use. EdgeCast can directly capture video, transcode it in real time, and then cache it to users around the globe in a totally decentralized manner.
Theta is certainly a coin to watch in 2022 with its upcoming Mainnet 4.0 release, dubbed Metachain. Metachain will power Web3 businesses, and it will consist of one main chain with an unlimited number of side chains to allow efficient horizontal scaling of the blockchain.
The introduction of sub chains will increase the utility and demand for THETA, as developers will need tokens as collateral in the subchains.
Uniswap is one of the hottest DeFi dApps on the Ethereum blockchain. It is a decentralized exchange service that allows users to swap between ERC-20 tokens easily.
Strictly speaking, the service is described as an Automated Market Maker (AMM) that uses an algorithm to price the tokens. The liquidity is provided by users of the platform that deposit funds into pools that are split 50/50 between Ethereum and the native token.
For example, users can create a THETA/ETH pool by depositing an equal amount of THETA and ETH. The liquidity allows traders to swap the tokens, and the liquidity providers earn from the fees generated through the swaps.
Since launching in 2018, Uniswap has changed the entire industry after providing a decentralized method to exchange tokens without the necessary KYC checks employed by top-tier crypto exchanges.
Uniswap should be on your list to watch in 2022 after they announced the acquisition of Genie, an NFT marketplace aggregator that will be integrated into the Uniswap ecosystem
Solana is a blockchain that was created to be able to scale to global adoption. It is a Proof-of-Stake blockchain that was launched in 2017, with the claim to reach some of the highest network throughput within the industry.
In fact, the team claims that Solana has a maximum transaction per second (TPS) rate of up to 65,000 TPS. In comparison, Bitcoin can only handle 7 TPS, and Ethereum can only handle 25 TPS.
Alongside providing a highly efficient network, Solana also continues to innovate this year with the launch of its new Android smartphone called Saga. The smartphone is a powerful device that can rival the top-tier handsets today with its Snapdragon processor and its 6.67” OLED display.
The great thing about Saga is that it is a blockchain-powered phone, meaning that the blockchain is already integrated into the handset. In addition, Solana Labs opted to include a ‘Secure Element’ tool in the handset to provide secure private key management software on the device.
Despite the market downturn, all of the altcoins on this list are projects to watch and buy in 2022 on any significant dips.
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