The cryptocurrency industry has been quite rich with trends over the last few years. At the moment, in late 2021, the DeFi sector is still as strong as ever, while this very year will forever be remembered as the year when the NFT market exploded. And, let’s not forget the fact that the Metaverse trend is beginning to emerge, getting ready to take over as the most dominant trend in 2022.
Since neither of these trends is going anywhere, we believe that all three can be worth an investment — if you select the right projects. In case you are unsure of which one to go for, here are our top picks.
Which DeFi, NFT, and Metaverse tokens to invest in?
1) Circuits of Value (COVAL)
The first on the list is Circuits of Value (COVAL) — an Ethereum-based token that powers a platform called Emblem. Emblem is a place where users can go to create their own custom combinations of ETH, ERC-20, and NFT tokens into a single tradable token called a Vault.
Vault can also be created by the project’s own token, COVAL, and can then be issued as a reward to liquidity providers. COVAL is also currently the highest-performing DeFi token, as it has seen a 568% increase on a weekly basis, while in the last 24 hours, it grew by 103%.
COVAL has actually been around for quite a long time, but it wasn’t until the last few days that it started seeing a massive price surge. On December 6th, the project quickly started moving from $0.018 to $0.129. After a brief correction, the project once again surged in an attempt to breach the resistance at $0.12, only to get rejected again.
It finally managed to succeed in the last 24 hours, and the success pushed its price all the way up to $0.25. The last few hours have brought a minor correction to the token, having it drop down to $0.16. However, if it continues to perform the way it did over the last week, then this is likely to be a very brief correction, followed by another surge.
2) inSure DeFi
Next on the list, we java inSure DeFi (SURE). Another top-performing DeFi project, inSure DeFi is a community-based digital currency asset insurance ecosystem. Basically, the project allows users to ensure their crypto portfolios by purchasing SURE tokens, either with fiat or in exchange for other cryptos.
The project is then designed to distribute crypto ownership risks amongst a liquidity pool, while the insurance premiums are decided upon automatically, by a Dynamic Pricing Model that leverages Chainlink.
Regarding its price, the token has seen rather excellent performance lately, especially between November 17th and the time of writing. During these three and a half weeks, its price surged from $0.004 to the current $0.01106, which is a massive boost for this kind of project. With many expecting crypto insurances to be one of the next big trends in the sector, this is definitely a project worth checking out.
3) XMON
Next up, we have XMON, a native cryptocurrency of the project called 0xmons. Xmons is an NT platform for summoning neutral net-generated pixel monsters, and it is one of those platforms where it is extremely easy to just get involved and completely forget about the passage of time.
0xmons are rare digital collectibles that live on Ethereum’s blockchain, and as the name suggests, they were partially inspired by Pokemon. Other than Pokemon, their developers also enjoy SCP, as well as Lovecraft.
Each NFT features a unique animation that was generated by the Generative Adversarial Network, or GAN.
Over the last several days, the project managed to skyrocket from $15.9k to $32k, and then retrace its steps until it found a strong support level at $22.5k. At the time of writing, the project managed to go below the support, although likely not for long, as it is still only testing it.
4) CryptoPlanes
Next, we have CryptoPlanes — another emerging NFT project that allows users to purchase an NFT representing an in-game plane, which users can then upgrade and improve, and then sell back on the market. Of course, the game is very fun to play for those who enjoy this type of game. You can play the game in three different modes, including the training mode, Player vs Computer mode, or Player vs Plane mode.
As for upgrades for the planes, they can contain anything, from faster propellers to better weapons.
While primarily an NFT and gaming project, CryptoPlanes also has elements of DeFi, such as allowing you to stake your token on DEXes, earn tokens while playing the game, or simply use them within the game.
The project has seen a significant price increase in the last month, going from, $0.70 to the high point of $6.54, although in the last two weeks, it also saw a price drop nearly to $2. Over the last few days, its price skyrocketed again, hitting $4.5 before correcting slightly once again.
5) BabySwap
Nearing the end of the list, we have BabySwap — a cryptocurrency in the Baby Metaverse, which is a crypto world for users to trade, earn and play. This is a very advanced project developed on BSC, that offers pretty much everything, from NFTs to GameFi, AMMs and supporters, and more.
As a trader, one will find that the potential of baby projects is quite great if they are invested in early, and then accompanied to the growing up process. In other words. This may not be a project for everyone, but it is one of the most curious ones in the market, especially for those who find its opportunities early on.
The project has a native token called BABY, which started seeing a price increase in mid-November, when it went from $0.32 to nearly $4.5 on December 7th. Since then, its price dipped to $2.36, but once it finds a strong support level, new growth is likely to take place.
BabySwap is currently available on the Gate.io exchange.
6) Axie Infinity
And, of course, the last but not least, we have Axie Infinity. Axie Infinity is quite well-known in the crypto industry these days as blockchain-based trading and battling game that is partially owned and operated by its own players. The project allows players to purchase creatures called Axies and use them for breeding, battling trading, or simply collecting and raising.
The project was clearly inspired by popular games such as Pokemon and Tamagotchi, and its monsters take on various forms. The project features hundreds of body parts that can be used for upgrading the monsters, including aquatic, bug, bird, plant, beast, and reptile parts. The parts also come in different rarity scales for each of the mentioned classes, including common parts, rare parts, ultra-rare parts, and legendary parts.
With that many parts, there are thousands upon thousands of combinations that players can create and trade away, or simply enjoy unique characters.
Naturally, Axie Infinity also has its own ecosystem, with its native token, AXS, sitting right at the heart of it. The token is primarily imagined as a governance token, although it can also be used for trading or purchasing other monsters.
To learn more visit our Investing in Axie Infinity guide.
Conclusion
The crypto industry has more trends than ever before, with at least one emerging to dominate over every year. So far, DeFi, NFTs, and metaverse are the biggest and most dominant ones, although whether or not this will remain the case in the future is anyone’s guess. But, no matter which trends interest and attracts you, there are likely going to be plenty of projects available for you to show your support, and even more of these opportunities will become known to users along the way.
All you need to do is find the right project and predict its market behavior. After that, investing or trading the tokens in order to do some more interesting shopping will be simple enough. The most difficult part is recognizing which projects are going to go up next, but given that the Metaverse trend is coming to establish dominance, it is most likely that the next big hit can be found among these tokens now.
The post Top 6 Crypto Projects from the Three Biggest Trends appeared first on Securities.io.
