New Coin Rankings: 2022’s Top 2 Tokens
Although the last couple of months have seen an unbelievable number of tokens plummet in value or vanish from our screens entirely, it’s by no means all doom and gloom, with 2022 also seeing hundreds of exciting new projects launch.
This isn’t the first time the crypto industry has been through turbulent times, and it certainly won’t be the last. However, the industry is more resilient than ever, and problems for one token can mean opportunities for another.
Last week, CryptoRank published its latest list of newcomers aiming to become the name on everyone’s lips. In 2021, Dogecoin was the talk of the town and had us all reaching for our crypto wallets. But which coin on the list of top performers should we consider buying this year?
Step to earn
STEPN (GMT) is ranked number one on the list, and for a good reason, with its value growing by more than 73 times. GMT is a lifestyle app that encourages users to “move to earn,” a concept already incredibly popular within the blockchain industry. Users with NFT sneakers can earn GMT by walking or running around outdoors, and the token can be used to pay for digital items and upgrades as well as staking and voting on future changes to the platform.
GMT was created by a fintech company in Australia called Find Satoshi Lab. The token itself is governed by the Solana token and is a Web 3.0 SoFi (Social Finance) and GameFi application. The core idea behind the token is to help promote a healthy lifestyle by encouraging users to become more active. The idea is definitely working based on its results, and GMT’s long-term prospects look promising.
Another coin on the list, GARI, has introduced watch to earn, engage to earn and play to earn features on one of its apps. GARI targets the Indian market and has already disrupted the influencer and video creator economy in India by sharing 30% of revenue with the creators. Although GARI is in the last position on this list, India is a large and quickly growing market, so I can’t wait to see where the token ranks six months from now.
All change at the exchange
QMALL is already one of the world’s leading cryptocurrency exchanges known for its advanced security features, low commissions and straightforward payment systems. Therefore, when QMALL announced it was launching a token, it became one of the year’s most anticipated launches. QMALL’s value has increased almost 40 times to make number six on the list.
Born in Ukraine, QMALL became the country’s first government-regulated crypto exchange. The exchange quickly grew to more than 100,000 users before recently announcing it had been awarded a license to trade in the Eurozone by EU regulators. Now that QMALL can offer trading in Euro pairs, user numbers are climbing further.
This company seems to have limitless ambitions and the means to achieve them. QMALL has already launched Europe’s largest launchpad at Sophia Antipolis (France’s Silicon Valley) and plans to launch its own metaverse with its very own exchange within it by the end of the year. QMALL is a token worthy of everyone’s attention, and its value could increase by much more in the coming months.
Way to go
WeWay (WWY) token may not have increased by as much as some of the others on the list; however, it still sits in a respectable thirteenth place with its 14 times increase in value. Like the tokens previously mentioned, WeWay provides serious growth potential and is a leader in a fast-paced and constantly changing industry where every day brings new opportunities. For this reason, WeWay is a token that offers truly unlimited potential.
The token helps vloggers, influencers, celebrities, and content creators from across the media spectrum and world earn more money from digital space. WeWay describes itself as “A full-scale ecosystem for media influencers and their community with an innovative vision and solid experience.” This fast-growing industry requires the ability to adapt to new technologies and trends quickly. From NFT collections to selling blockchain-based subscriptions, WeWay helps its clients make the most of emerging money-making opportunities.
Reality is going virtual
TNGBL is a token that converts real-world assets into tangible NFTs or TNFTs that can be redeemed for the physical product at any time. Real estate, watches, and even bottles of wine can be converted to TNFTs. TNGBL has seen a lot of interest recently, hence its value increasing by a factor of 10 and ranking tenth on the list.
CUBE and Fifty Fifty (FIFTI) tokens, fourth and fifth on the list, are also noteworthy entries. Of course, all of the coins listed by CryptoRank have succeeded in one way or another, or they wouldn’t have made it onto the list. However, of the fifteen tokens listed, it’s these three, GMT, QMALL, and WeWay, that are most likely to offer investors the best ROI in the long term, in my opinion.