April Watchlist: Algorand (ALGO), Gala Games (GALA), Quitriam Finance (QTM)

Markets have been experiencing strong price movements over the past couple of weeks – when do they not? -, stirred by the war in Ukraine, the roaring inflation, and cryptocurrencies’ inherent volatility.

The current climate can be confusing for new and seasoned investors which is why this short article will go over three interesting projects that you could add to your watchlist for the month of April.

Algorand (ALGO)

Algorand (ALGO) is a decentralised blockchain that was launched in 2019. It aims to improve transaction speed and efficiency, as well as keep transaction fees low.

Founded by Silvio Micali, an expert in the field of cryptography and MIT professor, Algorand is a very promising project that has been getting more attention recently.

Last February, the Algorand team announced to be working on the London Bridge, a bridge that would connect the Algorand network to the Ethereum one, making them mutually compatible. This major breakthrough will undoubtedly bring a massive influx of new Ethereum-based investors and developers, along with important capital inflows within the Algorand ecosystem

This major catalyst makes ALGO, Algorand’s cryptocurrency, ideally positioned to generate strong returns over the months to come.

The Algorand network’s current capacity stands around 1,300 transactions per second (TPS), making it a major competitor in the so-called “Ethereum killer” club that includes the likes of Solana (SOL), Terra (LUNA), Avalanche (AVAX), Fantom (FTM) and others.

Gala Games (GALA)

Gala Games (GALA) is an increasingly popular blockchain-based gaming platform that rewards players with its native token, GALA, for using its platform.

Gala can be defined as a play-to-earn (P2E) platform that allows you to earn real money while playing games, if that doesn’t sound like a dream…

Essentially, Gala users can win GALA tokens along with NFTs by using the Gala platform, which can then be easily traded and exchanged for real-world money.

It’s not just gamers who can own valuable NFTs and tokens on the Gala Games network. The player community also has a say in what kinds of games are developed by Gala Games. This year, they plan to launch a role-playing game called Mirandus, a Minecraft-like game called SpiderTanks, and a dozen other games are also in development, exciting!

That kind of game design, as well as a variety of ways for users to get digital assets, makes the Gala Games’ playing environment very appealing to people. As of today, Gala Games has more than 1.3 million monthly active users, with more than 26,000 NFTs sold since its start in 2019.

With no sign of that slowing down anytime soon, GALA is a promising cryptocurrency bound to soar in the long term.

Quitriam Finance (QTM)

Quitriam Finance (QTM) is a new decentralised cryptocurrency exchange or DEX, that just started its presale.

Quitriam Finance claims to solve challenges that currently plague existing blockchains and DEXs. One of the most important challenges among these is transaction speed, which is why Quitriam Finance decided to go multichain.

This implies significantly faster transactions and lower fees, with the Quitriam Finance team estimating its DEX to allow up to 50,000 transactions per second (TPS) for only $0.000011 per transaction.

Being a multichain project also exposes Quitriam Finance to a wider audience and potential user base. Quitriam Finance also allows customers to save and lend on its platform through a dedicated protocol, allowing users to deposit and lend their crypto-assets in order to earn interest on them.

Quitriam Finance’s DEX allows for peer-to-peer (P2P) transactions with users being the ones who provide liquidity to the exchange, just like Uniswap (UNI), PancakeSwap (CAKE) and other popular DEXs.

Acranup (ACR), another project undergoing its presale at this moment, is developing a very similar decentralised ecosystem with a focus on decentralised finance (DeFi) stablecoins, an instrument that has become increasingly popular in the crypto world over the past two years.

Quitriam Finance aims at making cryptocurrency accessible to newcomers through an accessible and easy-to-use exchange and educating its users on DeFi topics.

Keywords: Algorand, ALGO, Gala Games, GALA, Quitriam Finance, QTM, Blockchain, Cryptocurrency, DeFi

Learn more about Quitriam Finance

Website: https://quitriam.io/

Presale: http://presale.quitriam.io/

Learn more about Acranup

Website: https://acranup.io/

Presale: https://presale.acranup.io/login

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