Cryptocurrencies have been hit hard over the past six months as investors have been selling critical assets to raise money prices. But as the market crashes, developers continue to build blockchain protocols and projects in the Web 3.0 ecosystem. Lastly, it is what inspires me about cryptocurrency and blockchain technology.
If you are looking to buy and hold cryptocurrency, Ethereum (ETH -5.33%), NEAR Protocol (KOKE -4.19%)a ApeCoin (APE) It’s a great place to start building and adding a portfolio today, and I think they’re among the long -term successes.
There isn’t a lot of good news for Ethereum in 2022. Not only are costs down, but the “company” to improve the system has been delayed again and won’t be available until this fall. Despite those challenges, Ethereum is the most popular blockchain for NFT (non-fungible tokens) and smart contracts with a market cap of $ 240 billion which is a major leader in competition.
As blockchains grow, it is easy to see how different chains serve different purposes. Bitcoin can be treated like digital gold; a fast and low -cost blockchain can handle financial transactions; and Ethereum may be a place for high -end graphics and NFT operations.
Part of Ethereum’s problem right now is time. The popular NFT projects in the past year have fallen short of some issues and high user, or gas, fees have created new programs to focus on other blockchains. But Ethereum has the analysis, systems, and history to become the leader in cryptocurrencies in the future.
A block that can answer some of the questions of others who have struggled with the NEAR Protocol. NEAR was built to scale from the ground up and has the tools for NFTs and DAOs (decentralized autonomous organizations) that can compete with Ethereum.
The difficulty for a small blockchain reaches a lot to users and developers. To help, NEAR has announced a $ 350 million DAO grant to fund crypto development companies that invest in NEAR’s decentralized funding programs. There are a number of training courses and tools for builders.
If you think the benefits are the future of the blockchain, then NEAR Protocol should be in a diversified crypto portfolio. If users and developers move up the threshold, it can win big in the long run, and given its small market share of $ 4.8 billion, the outcome is much better for the big upside.
There have been many challenges for ApeCoin since its inception in March, from the way it delivers the signal to the way it uses mint Otherdeed NFTs. But this is the symbol that will be used in the new metaverse system of Bored Ape Yacht Club, and it is the value of a small part of a crypto code.
Yuga Labs, the developer of the Bored Ape Yacht Club, is the lead developer of NFT and has raised hundreds of millions of dollars to build its brand and metaverse platform. That’s a bullish idea, but we need to remember that this is a very secretive company and we don’t know much about what will be built and how ApeCoin will become a part of it.
I think we’ll see a real metaverse benefit for ApeCoin, and that’s where it will generate value for investors. Playing blue cats in crypto and NFT is a good idea in a turbulent market. And this is a blue lump, which is why it is one of my top cryptocurrencies today.
Cryptocurrencies will be back
The news for cryptocurrencies today is terrible, but it won’t last forever. The digital economy is booming, and leading cryptocurrencies are how we create a digital world. In the long run, I think Ethereum, NEAR, and ApeCoin can win, but it will be a runner up along the way.
Travis Hoium holds positions at Ethereum. Motley Fool has a position and promotes Bitcoin and Ethereum. Motley Fool has an advertising policy.