Cardano, one of the biggest digital currencies in the crypto space, is an open-source blockchain and digital currency that has delivered significant returns since its launch in 2017. However, after a massive price correction, investors are looking for new alternatives.
This guide will discuss three of the best alternatives to Cardano, which could provide high returns in 2022.
Similar to Ethereum, Cardano Network is an open source blockchain platform that deploys smart contracts to take advantage of DeFi (Decentralized Finance) protocols, NFT interoperability, and more. Cardano (ADA) was launched in 2017 by Charles Hoskinson, one of the original founders of Ethereum.
After its launch in 2017, the ADA did not see a significant upward price movement until the beginning of 2021. The token rose from $0.2 to above $2 before correcting to the $1 mark in July 2021.
However, Cardano made headlines after integrating its Alonzo fork upgrade – which deployed smart contracts on the blockchain network for the first time. After publishing began in September 2021, the ADA reached an all-time high of $3.1 in the same months.
But, ADA corrected to $0.5 per token. Despite being one of the largest cryptocurrencies, the coin did not make any upward movement in 2022. Therefore, a 2x increase to $1 is unlikely. Therefore, investors are looking for alternatives.
The sections below review three other cryptocurrencies that are likely good alternatives to Cardano (ADA):
In the past few years, we’ve seen an increasing number of GameFi projects that are taking advantage of blockchain technology to deliver exciting gaming benefits to players. One of the best GameFi and play-to-win (P2E) projects is Tamadoji The cryptocurrency network that provides NFT interoperability in its P2E world.
TAMA, the original token of Tamadoge, is used to settle transactions, purchase NFTs, and reward players. One of the P2E items that can be purchased with TAMA is Tamadoge Pets – unique NFT avatars that take on the shape of dogs. Each avatar offers different properties and can be purchased at Tama Store with the original token.
Participants in the Tamadoge system compete with their NFT pets, with the best performers being rewarded at the end of the month. Notably, TAMA aims to be a deflationary asset, burning 5% of all tokens spent on the platform.
30% of the tokens spent are used for marketing purposes, while the remaining 65% are distributed among the P2E prize pools. Tamadoge is currently available for pre-sale purchase. Within 10 days of going live, Tamadoge reached its maximum pre-sale beta goals of $2 million.
Now, the project is looking to raise $19 million for the remaining pre-sale, which ends in the fourth quarter of 2022. After the pre-sale ends, TAMA will be made available on LBANK, a centralized exchange (CEX) and Uniswap – the popular decentralized exchange (DEX). . This will help in increasing the trading volume, making it one of the Best Emerging Cryptocurrency projects to buy.
Interested readers can join Tamadoge telegram channel To stay updated with all the news and information regarding this new crypto project. Telegram administrators will not send you a direct message first.
2. Infinity Battle
Another great alternative to Cardano is Infinity Battle – A decentralized crypto platform with 6 different features of P2E. The main feature of this platform is Battle Arena – the P2E metaverse where players can interact on a virtual ecosystem where characters were minted as NFTs 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 Benefit Token. Battle Infinity will make IBAT available in IBAT Battle Swap – a DEX where IBAT can be purchased and exchanged for other cryptocurrencies.
For investors looking to earn passive income, IBAT can be linked to the Battle Stake feature to accrue interest. Compared to the unforgettable 2022 Cardano, IBAT took off on the scene by concluding one of the best cryptocurrency sell-offs of 2022.
The token sold out its 90-day pre-sale in just over 3 weeks and is now available for purchase on PancakeSwap. After being listed in the pre-sale for $0.0015 per token, IBAT reached a price of $0.01 right after it was listed. This price increase of nearly 600% outperforms Cardano’s recent performance.
Currently trading at $0.007 per token, IBAT has been doing well since IDO despite the current bear market and Bitcoin was in the red at the time of writing. IBAT has the potential to become one of the Best Winter Coded Tokens in 2022.
Subscribe to Battle Infinity’s telegram channel For more updates about the project. Telegram administrators will not send you a direct message first.
3. Lucky Block
Lucky Block It is an NFT competition platform that promotes integrity and transparency by allowing players to earn up to $50,000 in their weekly draws. Besides the weekly main draw, the platform hosts weekly NFT draws every Friday. Players must purchase NFTs minted on the Lucky Block platform to enter the exclusive NFT raffle.
Participants are rewarded with LBLOCK – the original cryptocurrency of the Lucky Block. Notably, there are two versions of LBLOCK tokens – V1 and V2 tokens. The V1 token is a BEP-20 protocol built primarily for DEXs and charges a 12% transaction fee per transaction.
On the other hand, the V2 token is the ERC-20 protocol, which is included in CEXs and does not charge any transaction fees. Recently, the V2 LBLOCK crypto was published on the popular central exchange – MEXC.
Currently, the V2 LBLOCK token is trading at $0.002.
How to buy Tamadoge
The steps below show investors how to buy Tamadoge – the best alternative to Cardano in 2022.
Step 1: Set up a Crypto Wallet
Interested readers who are looking to buy Tamadoge should buy a cryptocurrency wallet. For example, MetaMask is one of the best Tamadoge (TAMA) compatible crypto wallets.
Traders can head over 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 purchased these assets already, head to a favorite crypto exchange and buy ETH or USDT and return the tokens to your MetaMask wallet.
Step 3: Connect MetaMask to the Tamadoge Presale
The next step is to visit Tamadoge site and click “Purchase”. Investors can then click on Connect Wallet and choose their wallet provider to connect to the pre-sale platform.
Follow the instructions to officially link the wallet.
Step 4: Buy Tama Tokens
The last step is to purchase TAMA by entering the number of tokens to be purchased. Then select “ETH Transfer” or “USDT Transfer”. Buyers need to purchase at least 1,000 TAMA.
TAMA Codes can be claimed once the presale has ended by clicking Claim on the Tamadoge homepage.
It is also possible to purchase TAMA with a debit/credit card via the popular Transak fiat on-ramp system. This option will be available after you have connected your MetaMask wallet.