If we must be honest, the cryptocurrency market isn’t quite as attractive as it used to be. At one point or another, we’ve all had to suffer losses financially. But if there’s something we can agree on is that when it comes to crypto, it is simply that not all crypto will continue to dip especially when the market gets healthier again. That said, we advise you to do your own research. Today, top performers like Decentraland (MANA), and Axie Infinity (AXS) are witnessing noticeable uptrends in prices and the arrival of newcomer Lynqyo (LNQ) could be the game changer depending on how much you’re ready to invest.
Decentraland (MANA) a gamers’ virtual reality
MANA is the native token of Decentraland, a 3D virtual reality network that enables artists and creators to monetize their content. It is regarded as the leading NFT-based platform in the cryptoverse, primarily due to its uses in the Metaverses and virtual worlds. The platform was designed for persons seeking a medium or a source of entertainment.
Aside from this, MANA facilitates transactions such as real estate acquisitions (LAND), governance and community voting on real estate issues, and earning rewards on the Decentraland platform.
The Decentraland Metaverse hosts a series of events, all of which have helped onboard gaming enthusiasts, seeking the best ways to maximize the opportunity locked in virtual reality platforms. As the MANA use cases expand to accomplish a broader demographic of investors, market analysts have forecasted MANA to trade at around $8 by the end of the next year.
However, these forecasts may no longer hold following the crypto collapse and the consequent dip in the cryptocurrency market. According to CoinMarketCap, at the time of writing, MANA trades at $0.894346, up by 3.08% in the last 24 hours.
Axie Infinity (AXS) the money-making platform
Axie Infinity (AXS) is the earliest and leading play-to-earn gaming platform. The platform features a blockchain-based trading network and battling game operated by its users. Axie Infinity (AXS) offers players a chance to buy, collect, and trade Axies. So if you are an avid gamer with a passion for investing, an idea to buy AxleInfinity sounds like a step in the right direction.
This play-to-earn platform rewards gamers with AXS tokens and boasts a market cap of over $1.8 billion. According to CoinMarketCap, at the time of writing, AXS’s price today is $15.58, up by 7.85% in the last 24 hours.
Lynqyo (LNQ) the budding new crypto
Lynqyo (LNQ) aims to empower creators with web3 tools, led by blockchain-enabled subscriptions and modular-content platforms. It is targeted at creators, from executives, designers, and developers who are working on technologies for decentralized decision-making that reward both creator and fan.
It is designed specifically for intangible content tokenization (automated royalties, fan gifting), governance (via micro-DAO), and liquidity (via DeFi instruments, i.e subscription payments, and guaranteed lending). Lynqyo (LNQ) provides a set of web3 protocols, tools, and applications to empower creators to own, scale, and monetize their content and communities. Lynqyo (LNQ) protocol (or Content Economy Protocol) is a decentralized protocol that enables the discovery, evaluation, licensing, and exchange of non-physical content.
The LNQ Token is a Content Economy Protocol Currency, and as such, it requires financial instruments to enable payments, incentives, and rewards. LNQ is a token on the Polygon network and serves three primary functions: governance, utility, and proof of engagement.
As a governance token, it provides holders with voting rights for the election of validators and council members, and the adjustment of the critical parameters through referendums. As for its utility, the LNQ token is a currency used as a means of payment in any financial transaction ( subscription fees, smart contracts, etc.)
As proof of engagement, users are rewarded LNQ tokens by specific engagement metrics (UER: User Engagement Rewards ratio) to sustain and re-distribute underlying tokenized content.
Starting with Polygon’s hyper-network system and smart contract platform’, users will be able to acquire LNQ (using stablecoins) either by being engaged in the communities they choose to promote and uphold or by trusted tier-1 cryptocurrency exchanges.
As a successful technique to sustain robust liquidity at all times, Lynqyo (LNQ) issues initial liquidity as ‘LP tokens’ and locks them for two years. Every trade generates LP tokens, which are locked on transactions using Pancake Swap exchange solutions. These instruments reduce volatility and increase stability, especially when involved in large-scale transactions. For token holders, this implies less exposure to the risk of fluctuations in the price of the tokens.
When you buy Lynqyo (LNQ), you don’t have to worry about fluctuations in the cryptocurrency market or the effects of the crypto collapse on your tokens.
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