Every significant currency today, including Bitcoin, Ethereum, and Binance Coin, has one thing in common – they traded for pennies on the dollar at their start. Their significant market capitalization now prohibits their values from rising too much in a short period. However, the same cannot be true about altcoins, which are rival cryptocurrencies created after the popularity of Bitcoin. Now, let us see the Top 3 Coins which can bring in Millions.
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The first altcoin that we believe can help you get rich is Kadena. Kadena (KDA) is a hybrid enterprise-grade blockchain platform that features a novel parallel chain proof-of-work (PoW) model and a new smart contract language called Pact. Its native KDA token surged to an all-time high of $28.25 on 11 November, but lost over half of its gains by the end of 2021, closing the year at $12.48.
At the time of this recording on 20 August 2022, KDA has fallen more than 82% year-to-date (YTD), last closing at $1.66. But, think of it more as an opportunity to buy the token at a lower price.
Finally, Kadena reported in 2021 that it had clocked in 480,000 TPS on its hybrid blockchain platform, beating competitors. For example, Solana has a transaction capacity of 50,000.
The risks for Kadena lie in the fact it is still a relatively new project, launched only seven years ago and operating within an emerging cryptocurrency industry that is subject to upward and downward trends. Among the recent news of Kadena, one of the most important is its introduction on the Binance platform, which is one of the most important exchange platforms. This has strengthened the credibility of the project and significantly increased the flows on the blockchain, which has had a positive impact on its market capitalization.
For those who don't know, Kadena is a platform that was designed to unite public applications, private blockchains, and other interoperable chains in one place, driving traffic to the high-bandwidth computer at the heart of the Kadena public chain.
Unlike other platforms, Kadena is designed to power global financial systems, and according to the official website, Kadena is the only platform that offers a complete decentralized infrastructure.
In addition to this news, there is another important news for Kadena that made us want to make this video. This is the new DEX offered by the blockchain. The Kadena blockchain has recently launched a DEX, called Kaddex, on which gas fees are non-existent.
The exchanges that are made on this DEX are for many of them made with KDA, Kadena's cryptocurrency. This could act as a catalyst for the crypto currency if Kaddex manages to be as successful as hoped. For now, DEX is still evolving.
There will be a great demand for Kadena tokens. This is what happened with the Oasis blockchain when it created its YuzuSwap DEX and ValleySwap protocol, which were hugely successful. This greatly increased the number of tokens in circulation and thus increased the value of the cryptocurrency as well as its market capitalization of the project. We expect the same thing with Kadena and that's why you should consider investing in Kadena.
The next up is going to be Moonriver.
Moonriver is a smart-contract blockchain built on Kusama that aims to integrate with the existing Ethereum developer toolchain and network. It’s meant to be a companion network to Moonbeam, with the goal of providing an enduringly incentivized canary network.
The Moonriver network enables the migration of Ethereum-based smart contracts into the Kusama environment, as it provides EVM implementation. These features also allow for the construction of bridges within the network, which may be utilized to provide state visibility, token transfers, and assist in communication between different chains. The Moonriver platform also enables third-party integration through its Web3 compatible API functionality, with a number of well-known Ethereum wallets such as Metamask and other popular Ethereum tools that can be used on it.
Moonbeam and Moonriver (MOVR) both have a similar goal in mind. The Moonbeam foundation’s creators’ vision is to create a platform that allows for the connection of several chains and users, allowing for a large number of assets and users. Moonbeam has developed a smart contract platform that is EVM-compatible and allows the creation of decentralized applications (dApps)
The smart contract platforms aren’t yet on a cross-chain network, but a shift to one will let developers shift their works to Moonbeam and expand the scope of their apps to new assets and users on many chains. Like Moonbeam, Moonriver is a full Ethereum-like climate and works with industry-standard Ethereum instruments, DApps, and conventions.
As a decentralized shrewd agreement stage, Moonriver requires the MOVR token to function. Community individuals will possess a greater part of the MOVR tokens on the organization, giving them impressive command over the heading of the network. While Moonbeam code dispatches to Moonriver first, the organization will keep on living on as a parachain on Kusama, with its own tasks and concentrated use cases.
The crypto predictions of MOVR suggest that it could be a valuable asset that can generate great returns, so hold on and don't sell Moonriver. That said, it is good to have a fundamental understanding of the network and the value it can provide to make a calculated bet.
And the last one is going to be Gala. GALA is the utility token of Gala Games and is the main asset used in the Gala Ecosystem for gaming and buying the in-game assets. The token is an integral part of Gala Games, which users can use in the Gala Games ecosystem by running a Gala Node.
Gala Games is a crypto gaming project that gained over 30,000% in 2021, making it one of the year's best performers. Its mission is to create blockchain games people actually want to play and it already has 14 games in development on its platform, though only one of them is currently playable. Like many cryptocurrencies, Gala has struggled this year and is currently down over 90% on its all-time high, according to CoinGecko data.
Gala promised to develop blockchain games that people would want to play. They delivered on that promise by announcing in December that they would be partnering with legendary Sims designer Will Wright. Gala Games and Gala Labs worked with Wright to create the VOXverse, a home for your favorite collectible “avatars that DeFi!”.
Gala has some plans for 2022. The most important thing is to migrate to their proprietary blockchain to reduce network fees and combat many Ethereum bugs that might inhibit long-term growth. New games are also to be expected for 2022.
It was also announced that there are proposed partnerships with more companies like Frank Miller, Under Armour, and AMC. They also mentioned that charitable work and sustaining the environment will be done more by the end of 2022.
Gala is considered by many to be the hottest cryptocurrency to buy within the blockchain-gaming niche. This token is native to the Gala Games ecosystem, which contains numerous play-to-earn (P2E) platforms. Players can earn GALA tokens through skilled gameplay, which they can use to purchase in-game items.
Gala Games is also one of the best crypto DAO projects since token holders can make proposals and vote on suggestions made by others. The platform also facilitates random NFT drops and daily GALA token rewards, incentivizing players to keep coming back.
Many investors’ hot crypto price prediction is that Gala could become one of the breakthrough projects this year due to the growing popularity of P2E gaming. Finally, since Gala Games is now working on its own blockchain, dubbed ‘Project GYRI’, there could be scope for even more exciting innovations in the future. This is why you should consider investing in gala.
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