The crypto market is currently not in the state of providing high returns. But that hasn’t suppressed the enthusiasm of the crypto crowd by a single bit. Bitcoin has been trending at low levels, and people have started to wonder if there are any cryptos with 100 returns in the market.
While we can’t guarantee, we can say that the rise of utility tokens will lead to the crypto market making a comeback. Here we review the tokens with the potential to net you 100x returns.
Lucky Block (LBLOCK) – A token leading the bullish charge of crypto gaming
Crypto gaming has given utility to crypto-assets, giving rise to games with more play to earn opportunities than before. Lucky block is one of them. Experts have claimed that 2022 will be lucky for the Lucky Block. Since landing the ecosystem in January 2022, Lucky Block’s native token, LBLOCK, has grown in the eyes of crypto investors.
The prospect of high rewards, fairness and the promise of transparency has created a bullish surrounding for this particular crypto asset.
Lucky Block has no financial restrictions. It has specific designs that allow everyone to have a fair chance at winning a lottery game. We know that these words about a lottery game have been spoken before, but Lucky Block implements a unique way to ensure transparency and fairness to ensure that most people can get the most out of the games.
It is known as the Chainlink’s Verifiable Randomness (CVR). Most games tout fairness while having an underlying protocol that is randomized only on the surface. But with CVR, it is different.
For each request, CVR generates one or more random values for which the CVR gives a cryptographic proof. The system first publishes the proof and loads them on the chain before applications can use it.
Lucky draw games need verifiable randomness.
By using #Chainlink VRF, #GameFi project @kakanftworld is able to offer its users higher assurances that the winners of its lucky draw games on #BSC are selected in a fair and auditable manner ? https://t.co/WAXKHdEaQP
— Powered by Chainlink (@Smart_Contract) January 6, 2022
Lucky Block has been in the news a lot lately because of the first main draw $1 million jackpot it launched a week ago. The gaming app also offers an investment scheme. It divides the fee it gets from selling the tickets among the LBLOCK holders – making the cryptocurrency suitable for those who want to earn good interests.
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Polygon (MATIC) – Resolving the Scaling Issues of the Ethereum
So far, a lot of protocols have emerged to address the scaling shortcomings of the Ethereum blockchain. None of them has made an impact as large as Polygon. Launched in early 2021, this Layer 2 solution provider has become the most competitive sidechain in the crypto ecosystem.
Boasting an impressive transaction speed of 65,000 TPS, Polygon has also developed high-class web3 applications with Polygon studios.
It’s not just about the growth that the platform has achieved over the years but also about the aid it has given to other chains. Recently, Polygon announced an uncapped fund to give a home to dapps and protocols of the now gone Terra chain. The apps on the now crashed chain once were worth $30billion.
To integrate their dApps with Polygon, developers must submit a proposal. While Polygon is not the only one trying to lure the Dapps, it leads.
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Since most developers are willing to put their dApps on Polygon, the app has the potential to net you 100x gains.
And another reason for watching out for this cryptocurrency is the upcoming partnership with LIDO. LIDO is a liquid staking solution that lets user stake their Ethereum without going through any complex hurdles.
LIDO is coming to #Polygon@shard_labs is bringing the Lido Liquid staking solution to Polygon. Users will be able to stake $MATIC & get stMATIC in return for use in other DeFi protocols. Polygon will bring blockchain infrastructure to the masses.
?: https://t.co/RXmyCCEoKg pic.twitter.com/VnPLbbdCEB
— Polygon – MATIC ? (@0xPolygon) September 3, 2021
Avalanche (AVAX): Industry’s Leading DeFi Protocol
Avalanche is grown up to be the industry’s leading DeFi protocol. Claimed to be the fastest smart contract network, this blockchain leverages three layers to provide high performance.
Its low fee infrastructure, low energy requirements and high speeds, 4.500 TPS compared to Bitcoin’s 7TPS and Ethereum’s 14 TPS, make it suitable for scaling massive decentralized applications that would bottleneck most platforms.
Currently, the token is trading at $24.40 with a 24-hour trading volume of $746.5 million. It is up by 2.85% in the last 24 hours. While it seems minute, it is still a positive considering the current bearish crypto market.
Its interoperability is another reason behind the bullish sentiments of the crypto market. Cross-chain value transfers are still emerging technologies, and Avalanche has been extremely successful at implementing them.
The Hackathon is happening June 10-12th in Austin, alongside @consensus2022, with several hacker bounties around #Avalanche Subnets.
Spots are limited, make sure to register soon to enter: https://t.co/Wm0IqM0unc https://t.co/iPl0wPtnNM
— Avalanche ? (@avalancheavax) June 7, 2022
AVAX devs are also part of the hackathon that has put more eyes on the cryptocurrency’s progress.
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Decentraland: Leading the Charge to the Metaverse
Not many crypto projects have influenced the metaverse as much as Decentraland. Easy to get into, inviting for the non-crypto crowd and creating positive communities, these factors have promised a bright future for this project.
Users can create custom events, play games, and buy virtual estates within the game’s worlds. The recent acquisition of one of the land patches of Decentraland by a popular real-estate company elevated the crowd’s interest in MANA, the native governance token of this platform.
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Brands have found the platform to be most effective. Recently, Cannabis companies have ventured into the metaverse to sell real-world joints with NFTs.
Cannabis Companies Try the Metaverse as a New Marketing Platform – Cannabis companies are using the metaverse to set up shops, promote their core product, and sell real-world merchandise and nonfungible tokens.https://t.co/ZjDYXCi69F
— Decentraland (@decentraland) June 2, 2022
Ethereum Name Service: The Most Usable Token in the Blockchain
It is no longer about the NFT arts. Utilities are why the current crypto crowd is interested in buying cryptocurrencies. With that, our final recommendation goes to Ethereum Name Service (ENS). Users can send and receive crypto assets using human-readable crypto assets.
ENS plays a dual role in the crypto ecosystem: as a cryptocurrency and an NFT. On 20th April 2022, ENS NFTs overtook Bored Ape Yacht Club – the world’s leading NFT project – by trade volume.
The .eth domain names are flourishing, and many users are more than willing to participate. Another factor is accessibility, and ENS has become the way to make blockchain more accessible to the crypto crowd.
In May 2022, ENS recorded many new NFT registration, with over 1.36 million names created and 314 names registered.
May 2022 was a record month for ENS ?
– 365k new .eth registrations (total ~1.36m names)
– $9.6m in protocol revenue (all goes to the DAO)
– 3,900 ETH in fees (up 1,300 ETH from last month)
– 57K new eth accounts w/ at least 1 ENS name (total 439K)
– 10,500 ETH of OpenSea vol pic.twitter.com/wsPkVIpq68— ens.eth (@ensdomains) June 1, 2022
The token is currently trading at $11.81 with a 24-hour trading volume of $121.5 million. It gets one of our top recommendations because the rise of ENS NFT would directly impact the upcoming prices of cryptocurrency.
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Conclusion
The current crypto market is bearish. It has forced crypto developers to step up and highlight the tokens with purpose. All the cryptocurrencies we have listed have a bright future because of their utilities and might get exponential gains in the future.
Despite that, it is important to remember that the crypto market is volatile, and prior research before investing is important.
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Lucky Block – Our Recommended Crypto of 2022
- New Crypto Games Platform
- Featured in Forbes, Nasdaq.com, Yahoo Finance
- LBLOCK Token Up 1000%+ From Presale
- Listed on Pancakeswap, LBank
- Free Tickets to Jackpot Prize Draws for Holders
- Passive Income Rewards – Play to Earn Utility
- 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
- $1 Million NFT Jackpot in May 2022
- Worldwide Decentralized Competitions
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Source: https://insidebitcoins.com/news/5-cryptos-with-100x-returns