One of the largest altcoins in the crypto space, Cardano is an open-source blockchain network and cryptocurrency that has generated significant returns since its launch in 2017. After massive price corrections, however, investors are looking for new alternatives.
This guide will discuss three of the best alternatives to Cardano that can offer potentially high returns in 2022.
Cardano price
Similar to Ethereum, the Cardano network is an open-source blockchain platform that deploys smart contracts to leverage DeFi (decentralized finance) protocols, NFT interoperability, and more. Cardano (ADA) was launched in 2017 and founded by Charles Hoskinson, one of the original founders of Ethereum.
After launching in 2017, ADA did not see a major upward price movement until early 2021. The token surged from $0.2 to over $2 before correcting to $1 in July 2021.
However, Cardano made headlines after integrating its Alonzo fork upgrade – which used smart contracts on the blockchain network for the first time. After going live in September 2021, ADA hit an all-time high of $3.1 in the same months.
But ADA corrected to $0.5 per token. Although the token is one of the largest cryptocurrencies, it hasn’t made any upside in 2022. Therefore, doubling to $1 is unlikely. Investors are therefore looking for alternatives.
Cardano alternatives
The following sections describe three other cryptocurrencies that could potentially be good alternatives to Cardano (ADA):
1. Tamadoge
In recent years, we have witnessed an increasing number of GameFi projects using blockchain technology to provide players with exciting gaming benefits. One of the best GameFi and Play-to-Earn (P2E) projects is Tamadoge – a cryptocurrency network that offers NFT interoperability in its P2E universe.
TAMA, Tamadoge’s native token, is used to process transactions, buy NFTs, and reward players. One of the P2E items that can be purchased with TAMA are Tamadoge pets – unique NFT avatars that take the form of dogs. Each avatar offers different traits and can be purchased in the Tama Store using the native token.
Contestants compete in the Tamadoge ecosystem with their own NFT pets, with top performance rewarded at the end of the month. Specifically, TAMA aims to be a deflationary asset, burning 5% of all tokens issued on the platform.
30% of the issued tokens will be used for marketing while the remaining 65% will be distributed to P2E prize pools. Tamadoge is currently available for pre-order. Within 10 days of going live, Tamadoge met its beta presale hard cap goals of $2 million.
Now the project aims to raise $19 million for the remaining pre-sale, which will be completed in Q4 2022. After the presale ends, TAMA will be available on LBANK, a centralized exchange (CEX) and Uniswap – the popular decentralized exchange (DEX). This will help increase trading volume, making it one of the best emerging cryptocurrency projects to buy.
Interested readers can join the Tamadoge Telegram Channel to keep up to date with the latest news and information about this new crypto project. Telegram admins will never send you a direct message first.
Buy Tamadoge in advance
2. Fight infinity
Another great Cardano alternative is Battle Infinity – a decentralized crypto platform with 6 different P2E capabilities. The main feature of this platform is the Battle Arena – a P2E metaverse where players can interact in a virtual ecosystem where characters have been minted as NFT via ERC 721 smart contract protocols.
Another accessible feature is the IBAT Premier League – a decentralized sports fantasy league. Players can participate in these platforms by trading IBAT – Battle Infinity’s utility token. Battle Infinity will make IBAT available on the IBAT Battle Swap – a DEX where IBAT can be bought and exchanged for other cryptocurrencies.
For investors looking to earn passive income, IBAT can be staking on the Battle Stake feature to collect interest. Comparing Cardano’s unforgettable 2022, IBAT stormed the stage by completing one of the best crypto pre-sales of 2022.
The token sold out of its 90-day presale in just over 3 weeks and is now available at PancakeSwap. After IBAT was listed at $0.0015 per token in the pre-sale, IBAT reached a price of $0.01 right after its listing. This almost 600% price increase dwarfs Cardano’s recent performance.
IBAT is currently trading at $0.007 per token and has been performing well since IDO, although the current bear market and Bitcoin are in the red at the time of writing. IBAT has the potential to become one of the best crypto winter tokens in 2022.
Subscribe to the Battle Infinity Telegram channel for more updates on the project. Telegram admins will never send you a direct message first.
Visit Battle Infinity now
3. lucky block
Lucky Block is an NFT competition platform that promotes fairness and transparency by allowing players to earn up to $50,000 in their weekly draws. In addition to a weekly main draw, the platform hosts weekly NFT draws every Friday. Players must purchase the NFTs minted on the Lucky Block platform in order to participate in the exclusive NFT draws.
Participants are rewarded with LBLOCK – Lucky Block’s native cryptocurrency. Specifically, there are two LBLOCK token versions – a V1 and a V2 token. The V1 token is a BEP-20 protocol designed primarily for DEXs and charges a 12% transaction fee per transaction.
On the other hand, the V2 token is an ERC-20 protocol, listed on CEXs and does not charge a transaction fee. Recently, the V2 LBLOCK crypto has been deployed on the popular centralized exchange – MEXC.
Currently, the V2 LBLOCK token is trading at $0.002.
Visit the Lucky Block site
How to buy Tamadoge
The following steps show investors how to buy Tamadoge – the best alternative to Cardano in 2022.
Step 1: Set up a crypto wallet
Interested readers looking to buy Tamadoge will need to purchase a cryptocurrency wallet. For example, MetaMask is one of the best crypto wallets compatible with Tamadoge (TAMA).
Merchants can go to MetaMask and click Download.
Step 2: Buy ETH or USDT
TAMA can be purchased directly by exchanging ETH or USDT tokens.
If you haven’t bought these assets yet, go to a favorite crypto exchange, buy ETH or USDT and transfer the tokens back to the MetaMask wallet.
Step 3: Link MetaMask to Tamadoge presale platform
The next step is to visit the Tamadoge website and click “Buy”. Investors can then click “Connect Wallet” and select their wallet provider to connect to the presale platform.
Follow the instructions to officially link the wallet.
Step 4: Buy TAMA Token
The last step is to buy TAMA by entering the number of tokens to buy. Then select “Convert ETH” or “Convert USDT”. Buyers must purchase a minimum of 1,000 TAMA.
TAMA tokens can be claimed after the pre-sale ends by clicking “Claim” on the Tamadoge website home page.
It is also possible to purchase TAMA with a debit/credit card via the popular fiat gateway Transak. This option is available after connecting a MetaMask wallet.
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