Did you know that the next big thing in crypto might not be a coin, but a layer? What if we told you that Layer 3 cryptos, the user-friendly application layer of blockchain, could potentially 100x by 2025? Are you ready to discover the top 3 Layer 3 cryptos that could skyrocket your investment portfolio?
Welcome back Cryptopreneurs! In today's video, we're going to navigate the intricate layers of blockchain technology and spotlight the top 3, Layer 3 cryptos that could potentially 100x by 2025. We'll delve into the unique features of these cryptos, their potential for growth, and why they stand out in the crowded crypto space.
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Now, let's get started.
Before we unveil the top L3 crypto coins that could skyrocket your wallet, let's first delve into the core concept of Layer 1, Layer 2, and Layer 3 blockchains.
Layer 1, represented by Ethereum, Solana, and Binance Smart Chain, forms the foundation, processing transactions. Layer 2 enhances scalability and cost-effectiveness, while Layer 3 serves as the user-friendly application layer. Through Layer 3, DApps bring the benefits of blockchain technology to everyday users. This user-friendly approach is crucial for mass adoption, making cryptocurrencies and blockchain services more accessible than ever before. Now that we've grasped the significance of Layer 3 and its user-friendly DApps, let's dive into the cream of the crop—the top ones we believe are worth considering for our portfolio.
The first one on this list is going to be Decentraland.
The Metaverse has experienced rapid growth in the past year, bridging the gap between the digital and real world through virtual reality. Decentraland stands out as one of the best metaverse coins, hosting a thriving gaming world where users can invest in digital land plots.
These plots serve as a canvas for various real estate projects, ranging from apartments and villas to shopping malls and casinos. Some projects within the Decentraland ecosystem have even fetched millions of dollars, providing a strong proof of concept for this Web 3.0 ecosystem.
MANA, the native token of Decentraland, has shown remarkable performance since its launch. Starting at $0.025, it has surged to highs of $5.90—an astounding gain of over 24,000%.
As a leading Metaverse project built on Ethereum, it offers a captivating virtual gaming experience to users worldwide. Customizable characters, interactive chats, and an ever-expanding world make it one of the top web 3.0 crypto coins to invest in.
Crucially, all transactions within Decentraland occur in MANA, giving the token real utility. Lucrative transactions revolve around virtual land and real estate purchases, often reaching over a million dollars. Users can also buy and sell in-game items to enhance their Decentraland experience.
Despite experiencing corrections in 2022, Decentraland presents a unique opportunity for investors, as MANA is currently trading over 80% below its all-time high. Investing in MANA and LAND also opens the door to the best NFT Land and Metaverse projects available.
As the Metaverse continues to expand, Decentraland remains at the forefront, making it an exciting prospect for those seeking innovative opportunities in the cryptocurrency markets.
Before we move on to the next project on our list, we have a little bonus for our viewers! Allow us to introduce Grape, the cutting-edge platform driving the evolution of Web4 and decentralized internet. This remarkable project is set to reshape the digital landscape.
The next crypto coin on this list is Uniswap.
Uniswap, built on Ethereum, facilitates decentralized buying and selling of crypto coins worldwide, eliminating the need for centralized exchanges.
Uniswap's automated market maker (AMM) ecosystem generates real-time token prices, avoiding traditional order books.
UNI is the native token of Uniswap, known for automatic trading in DeFi tokens. It was developed in September 2020 to compete with SushiSwap.
Holders can influence the system's evolution and token allocation, making UNI a governance token. If you seek long-term growth in Uniswap, investing in UNI is worth considering. As the native digital asset, it grants voting power for governance decisions within the Uniswap ecosystem.
UNI's value, like other cryptocurrencies, is determined by supply and demand on public exchanges.
Despite the dip from its all-time high, the potential for UNI's value to rebound remains high as Uniswap continues to gain popularity in the DeFi space. Investors and users are drawn to Uniswap's decentralized nature, as it provides them with more control over their assets and eliminates the reliance on centralized entities. This aligns with the core principles of blockchain technology—transparency, security, and trustlessness.
Moreover, the fact that Uniswap offers a wide range of tokens, including those related to decentralized finance, gives it a competitive edge in the market. This diversity appeals to traders and investors seeking exposure to various crypto assets within the DeFi ecosystem.
So, with its efficient automated market maker system and the wide range of tokens available, Uniswap has firmly established itself as a leading decentralized trading protocol in the Web 3.0 era.
And the lst one is going to be MakerDAO.
There are lots of reasons why you might want to buy Maker.
The Maker protocol features two main tokens. These tokens are DAI stablecoin and MKR governance tokens. DAI is fully decentralized and is used on the protocol to fund and facilitate loans while MKR is used by the community to run and govern the protocol.
Dai is pegged on the value of the US dollar and retains that value consistently. Both community members and MKR holders can propose changes to the protocol making it one of the fairest and trustless protocols around.
There is a lot you ought to know about MKR, so it would be good if you were to check out its whitepaper. But let's summarize what's important to know about this project.
There are all kinds of reasons why you might want to invest in Maker — probably some you’ve never considered. First, Maker Is Highly Decentralized.
Decentralization is a vital component of all cryptocurrencies. It is the most important aspect of the digital currency world. It allows all participants equal freedom and opportunity to influence decisions in a particular blockchain. This freedom essentially means that no one person can control one currency as is the case with conventional centralized financial systems.
Then, Maker Is A Secure Protocol. And MAaker Operates In A Fast-Growing Crypto Niche.
Decentralized Finance or simply DeFi is a niche in the digital currency market that is growing at an exponential rate. According to Coindesk, DeFi market capitalization is already past the $100 billion mark and growing.
Maker or MKR is one of the biggest contributors to the DeFi industry, contributing almost half of this market at more than $17.09B in investment. More than 2.14% of all Ethereum supply is locked up in MKR.
Another great reason is that, Maker Allows For Lending On Interest.
Maker is a lending protocol where DAI holders lend to others and earn interest on their lending. There is also the aspect of savings rate where you could earn interest by just holding DAI in the platform.
It's for these reasons and many others we haven't covered in this video, that we think Maker is a good crypto project to consider.
All investments are risky undertakings, and more so any crypto investments.
And that's all for today's video.
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