When the crypto market cools off, it’s time for the ones with a more long term vision to step in. There are many more crypto assets available today than there ever were and the rhythm they move can be hard to keep up, if not done on a daily basis. By researching properly, it’s possible to find good opportunities, out of the radar of most market participants.
Factors such as utility, innovation, marketing and tokenomics are important to be considered when analyzing a new cryptocurrency project and becoming good at identifying promising projects, allocating the proper risk, definitely helps in catching asymmetric returns in the market.
Today we will share some crypto projects that are not considered small by any means, but we believe have good potential coming into mid-late 2022.
Recently, there has been a surge in cross chain solutions and people started to see value in interchain interactions.
Cosmos was created with the goal of being the “internet of blockchains”, essentially providing inter blockchain communication in an easy manner.
To put it simple, some core features on cosmos:
Tendermint Core: is the leading blockchain engine for building reliable and robust networks. It features a fault tolerant consensus mechanism called byzantine, which guarantees safety over liveness with instant finality.
Cosmos SDK: The cosmos sdk is a package of tools that expedites the building process for developers. It makes it easy to create your own blockchains and apps.
Interblockchain communication: With the next stage in Cosmos development, they are working to improve blockchain interoperability. This will allow for transactions across chains and layers with IBC-compatible zones that facilitate cross chain interaction between different cryptocurrencies or tokens within an ecosystem without need of any third party conversions.
Their roadmap for 2022 have other key deliveries coming, such as:
Interchain security: With this shared security service, the Cosmos chains can effectively lease their resources to one another so that new economies and validators may be startup on larger systems. Better yet; stakeholders will have access not only rewards but also multiple tokens through staking ATOM in Hub
Interchain accounts: The ability to control accounts on other chains is a key innovation in the Interchain Account system. This new form for managing tokens will allow ecosystems, rather than transferring them between networks or platforms as before was necessary — now they can keep their native digital currency.
Liquid staking: With version one of Liquid Staking, ATOM holders will be able to send transactions that immediately convert their bonded atoms into transferrable representations and can use them in liquidity pools or other activities.
IBC expansion: With IBC, blockchains can connect and transact with each other without any intermediaries. This enables a new level of scale for the network that will help them thrive in an interconnected system. In 2022, they plan on secure connections to Bitcoin, Celo, Polkadot, Kusama, Harmony, Hyperledger Besu, Hyperledger Fabric, and even more.
Airdrops: Airdrops coming for ATOM stakers, such as Evmos, Umee, Gravity Bridge, LikeCoin, Game, Stargaze, BitSong, and Cyber
The Avalanche blockchain is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments. It’s highly scalable, meaning it can handle a lot more transactions than other competitors without getting too clogged up or slowing down.
What’s important coming up in 2022 are the subnets, which will allow applications to run specific blockchains built on top of them.
Avalanche scope is to become essentially the platform of platforms, where subnets or Subnetworks are a dynamic set of validators working to achieve consensus on a set of blockchains where each blockchain is validated by 1 subnet, but the subnet can validate many blockchains.
Near is a L1 blockchain that uses a sharded delegated PoS mechanism, making it possible to currently process over 3k transactions per second with 4 shards and theoretically no max cap on scalability.
The protocol has its own native virtual machine that can run smart contracts as well an implementation of ethereum’s standard VM, provided by Aurora protocol, which allows devs to use solidity (Eth code language), making it easier to fork projects from other EVM networks.
Near also launched a $800M ecosystem fund, to incentivize the development of DeFi protocols and currently has over 200 projects building in the network.
They announced that some projects are going to launch soon on NEAR L2 (Aurora): Curve, Sushi, Kyber and more.
Currently, near is superior to other Layer 1s projects in a few ways:
The technology in the cryptocurrency space moves rapidly and with the vast options of projects available, it’s hard to identify which ones will succeed over its competitors. Following the roadmap and deliveries of the projects you find out that are solid is essential to keep updated with the market.
The projects mentioned in this article already have good and quite unique products. Not only that, the team from them keeps delivering and improving the technology which is great for the long term.
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