The use of cryptocurrency has increased dramatically, and it is now everywhere. The year 2021 saw a lot of milestones, making many millionaires in a short time.
However, the uncertainty created by the pandemic has made the market even more volatile and unpredictable. Today, more than 17,000 cryptocurrencies are in the market, and investing in the right one can be a bit difficult.
We have selected three cryptocurrencies that you can invest in blindly. With real-life applications and unique ideas, FreeWoly (FWO), Cardano (ADA), and Avalanche (AVAX) are some of the best projects that you can invest in right now.
The crypto market is bearish, and it is the best time to invest in getting considerable returns in the next few years.
How Will FreeWoly (FWO) Revolutionize Meme Tokens?
FreeWoly (FWO) is an exciting new meme coin that focuses on Augmented Technology (AR) to add a fun and exciting element to the digital world. The game is designed to provide its users with financial benefits while being interactive and enjoyable.
The game comes with the concept of traditional farming, where you help “Woly” the sheep navigate the outside world without any harm and build a successful farm as well.
The more you play the game, the more your farm grows. With the Play-2-Earn (P2E) model, you can earn FreeWoly coins, which can be exchanged for real currency outside the ecosystem.
The FreeWoly token (FWO) is a hybrid token that is essentially a meme coin but is supported by an NFT-based ecosystem and tokenomics.
The FWO token is set up within a Decentralised Autonomous Organization (DAO) framework, which controls the meme coins value using smart contracts created on the Binance Smart Chain.
Can Cardano (ADA) Compete With Crypto Giant Ethereum?
Cardano is an open-source proof-of-stake blockchain created as an alternative to Ethereum and is the first peer-reviewed decentralized blockchain protocol to utilize a scientific approach.
It enables users to create decentralized applications and protocols and instantly send and receive funds with a minimal fee.
The platform’s ambitious cryptocurrency, ADA, will find practical solutions to resilience and scalability problems faced by dominant blockchains.
In addition, it is developing a smart contracts platform that seeks to deliver more advanced features than any protocol previously developed.
As Ethereum cannot handle transactions fast, Cardano (ADA) can be used as a transaction coin, and everything will be fast and smooth.
Furthermore, this platform aims to skip the middleman, such as banks and other financial institutions, to transact directly and on a permission-less basis with other entities and individuals.
How Avalanche (AVAX) Can Upgrade Your Crypto Wallet?
Avalanche (AVAX) is a low-cost, fast, and eco-friendly layer one blockchain often known as the “Internet of Finance” that serves as a meeting point between traditional markets and decentralized applications.
It aims to improve blockchain technology, particularly scalability, interoperability, and usability. This platform will deliver a scalable blockchain solution while maintaining decentralization and security while focusing on eco-friendliness.
Furthermore, Avalanche will create a unified global financial market where users will be able to trade digital currency in a frictionless way.
It acts as a marketplace for DeFi users, allowing them to create, swap, trade, and store products and assets. In addition, users can set the core system behind blockchains and define their own set of validators and functions.
With meme tokens rising in popularity, the unique P2E earning model of FreeWoly (FWO) is expected to skyrocket its value in the next few years. Avalanche (AVAx) is doing well in the bear market and Cardano (ADA) is currently facing an uphill battle against Ethereum (ETH).