There are so many cryptocurrencies out there, it can be difficult to figure out which projects offer the most promising chance of being a fruitful investment. This article will focus on projects that have shown solid creativity in their development. These cryptocurrencies could be interesting to track over the following weeks and months! The last project mentioned in this piece is currently in the middle of its presale.
STEPN experienced a highly successful market launch, and understandably. STEPN managed to create a platform where physical effort is gamified AND rewarded.
Rewards are denominated in STEPN’s native currency, Green Metaverse Token, or GMT, which can easily be exchanged for other cryptocurrencies, or even fiat money, on most established cryptocurrency exchanges. No wonder it experienced such an explosive start!
For anyone interested in taking part in this exciting initiative, it is advised to head towards STEPN’s official website or download the STEPN app available on the App Store. Once downloaded, users will be given the possibility to mint a pair of NFT-based sneakers, which you will then be able to use to walk, jog, run, or perform any other foot-based activity and generate real-time GMT returns as you do it!
One caveat to this idyllic image: most of these sneaker NFTs currently cost around $1,000… some of us will therefore have to wait a little bit before reaping the benefits of walking-based passive income.
But it remains, STEPN is a project with a compelling vision that has been able to cement a strong community in a matter of weeks. After experiencing a stellar 1,500% performance post-IPO, GMT has now lost some steam and can be bought for around $2.50.
Just like STEPN, ApeCoin (APE) is another project that launched a couple of weeks ago and has generated four-digit returns following its market launch – a real millionaire-maker for those visionary or lucky enough to get in early.
Following its listing, ApeCoin immediately became one of the top 10 most traded ERC-20 tokens, with significant activity being noticed among the 1,000 largest Ethereum wallets, indicating major whale support for this cryptocurrency.
And understandably, as ApeCoin claims to become the official currency of the entire APE ecosystem, which already includes the highly-coveted BAYC NFT collection and its underlying community of celebrities and other ultra-wealthy individuals.
Yuga Labs‘ Bored Apes Yacht Club (BAYC) is still one of the most popular NFT collections ever created. This popularity can be explained by the fact that owning a Bored Ape NFT isn’t just any NFT ownership – owning a Bored Ape is like holding a blockchain-based, unfalsifiable VIP ticket to exclusive events taking place in prestigious mansions or yachts with world-famous personalities.
Going back to ApeCoin, the cryptocurrency is said to give you access to exclusive games and services within the APE ecosystem and represents voting rights within ApeDAO, Apecoin’s Decentralised Autonomous Organisation (DAO).
APE is currently trading at $13.35, down over 7.50% in the previous 24 hours, indicating a better-valued price level for those seeking indirect exposure to the APE ecosystem and the BAYC collection.
Calyx Token (CLX)
As a launching project currently scrutinised by crypto investors, Calyx Token distinguishes itself from the pack of other presages through two aspects: (1) low transaction costs and (2) its community-centric approach.
In terms of the deliverables that the project is currently working on, Calyx will deploy a decentralised exchange (DEX) called CalyxSwap, along with a DAO named CalyxDAO within its ecosystem.
Using CalyxDAO, CLX tokens will be used as a tool to empower the Calyx community, ensuring equal representation of goals in order to support the Calyx ecosystem’s future growth. This community participation is also expected to contribute to keeping the Calyx ecosystem stable and secure.
As with ApeCoin, CLX tokens will confer their holders the power to vote on strategic decisions as well as submit proposals that are believed to have the potential to benefit the Calyx ecosystem.
Lastly, in an attempt to provide users and traders with the best price and quickest transactions at all times, CalyxSwap will be deployed on 5 major blockchains: first Ethereum (ETH), and following with Polygon (MATIC), Fantom (FTM), Binance Smart Chain (BSC), and Avalanche (AVAX).