The exponential growth of the cryptocurrency market has worried financial institutions and government authorities. While some will complain about the safety and significance of trading crypto assets, they can’t deny these tokens’ benefits. Cryptocurrencies were introduced to the world as an innovative means of payment that could be processed in mere seconds. However, the growth of the coin market has introduced a new era of innovation.
Today, the crypto space has grown to unprecedented heights. Yes, we now have several categories of cryptocurrency tokens too. From DeFi tokens to meme coins, there is a near-endless variety of options. Like other financial markets, the crypto space allows traders to purchase any asset of their choice.
Under favorable market conditions, traders can expand their portfolios. All that’s left is to identify and buy the right cryptocurrency. Now, that’s the real challenge. This piece will reveal the top cryptocurrency tokens that you can purchase to benefit from the profitability of the crypto market.
Tezos (XTZ)
Tezos gained widespread popularity as a self-amending blockchain network. It operates on a direct but simple concept. This blockchain would allow anyone who’s holding XTZ tokens to vote on changes that may occur to this network. As soon as these changes are decided, the platform will automatically update itself to introduce the new changes. Like other blockchain networks, Tezos is designed to allow users to facilitate DeFi transactions, dApps, and NFT projects.
Arthur Breitman and Kathleen Breitman developed Tezos. After its development, this crypto platform became the seventh-largest coin offering and gained widespread popularity. XTZ is the native token of the Tezos blockchain. By owning 8,000 XTZ, the user will be rewarded with a network node and will earn rewards for validating transactions. Tezos is an innovative blockchain system that differs from Ethereum and Blockchain because it has a formal governance mechanism.
HachiFi (HACHI)
Advertisement
HachiFi (HACHI) is designed to unlock the world of decentralized finance by offering users and developers more opportunities. This next-generation layer-III platform wants to create an ecosystem that will offer users benefits like never seen before.
The development team of this token is committed to constant improvements and growth of their platform. There are numerous reasons why anyone would want to purchase HachiFi.
To start with, this cryptocurrency project emphasizes offering increased accessibility and more safety to users. This platform also plans to redefine how users earn passive income from DeFi projects. It also offers users opportunities in the NFT and metaverse space. HACHI is the native token of this platform. This token is designed to be used for transaction fees, staking, minting NFTs, or as a store of value. The HachiFi protocol is built on the Binance Smart Chain for faster, cheaper transactions.
The Sandbox (SAND)
The Sandbox is one of the newest crypto market additions, offering metaverse-based features. Sandbox currently runs on the Ethereum blockchain and offers users a decentralized gaming world. Sandbox is a virtual gaming world that allows users to buy digital plots of land, known as LAND. Like Decentraland, Sandbox is a blockchain-based metaverse platform.
Activities on the Sandbox platform are regulated by two native tokens – SAND and ASSET. SAND facilitates several transactions that are part of the virtual world’s gameplay. It can be used to purchase LAND, earn staking rewards, and vote in the DAO. On the other hand, ASSET represents in-game items – such as avatars and creations placed on LAND.
Advertisement
The Sandbox uses the Ethereum blockchain to track the ownership of ASSET and SAND tokens. Users are allowed to engage with the Sandbox ecosystem using Ethereum wallets and SAND tokens. Developers are free to come up with several innovations such as animation and interactions.
