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Report ensures that Bitcoin and Ether could be losing ground to these 5 cryptocurrencies

Investing in cryptocurrencies that can grow and generate profits is the dream of every investor. Being a volatile market, the risk is greater when you have little knowledge of the market and the cryptocurrency you want to buy.

Therefore, the vast majority end up venturing into the most popular cryptocurrencies to avoid surprises. But nevertheless, Bitcoin Y Ethereum may be slowly losing ground to some little-known assets, but with great upside potential, which were indicated by experts heard by the newspaper, InfoMoney.

Cointelegraph now tells you what these crypto assets are:

Polkadot (DOT)

Cryptocurrency created to fulfill four main functions: provide governance to the network, operate the network, create parachains through linked DOT tokens, and fees to transport messages between parachains.

Polkadot It was one of the tokens most cited by the experts consulted by InfoMoney. The report explains that se is a “multi-chain network” designed to create a system of interoperable blockchain networks, called “parachains”, which connect to Polkadot and can operate in parallel.

This Polkadot interoperability, cited in the report, focuses on the establishment of a fully decentralized and private Internet, controlled by its users, that simplifies the creation of new applications, institutions and services.

Solana (SOL)

Solana is an open source project that implements a high-performance blockchain. SOL, the native token, can be passed to the nodes of a Solana cluster in exchange for running a blockchain program or validating its output, as the report explains.

Solana was created, according to the document, to rival Ethereum, being a blockchain platform focused on presenting fast, cheap and scalable solutions for autonomous contracts.

The text further explains that Solana aims to improve network scalability by introducing a proof of history (PoH) consensus along with a consensus of proof of stake (PoS).

Aave (formerly known as ETHLend) is a decentralized peer-to-peer lending application built on the Ethereum network, which uses blockchain technology to enable secure and transparent lending.

According to experts heard by the newspaper, Aave works through smart contract technology on the Ethereum network, which guarantees security and agility in operations between those who lend and those who borrow the amounts.

In other words, investors who have crypto assets in storage can lend to others using Aave, earning interest on the transaction.

Cardano (ADA)

Cardano is a cryptocurrency that implements the Ouroboros test-bet protocol and it is in the boot age, during which the trusted nodes are operating the network.

As of now, Cardano could enter the era of rewards, but the details have yet to be revealed.

Cardano is the fifth cryptocurrency by market capitalization, It is already better known than the previous ones, but, according to the publication, its potential has been more risky given the many promises made by the developers that have not yet been fulfilled.

The text explains that Cardano is a network that mixes a bit of different well-known crypto-asset projects, with the aim of acting in smart contract operations, such as Ethereum, but also to act as a normal cryptocurrency, such as Bitcoin.

According to experts heard by the newspaper, there is high expectation that Cardano will start releasing the first smart contracts on its network, which should have a very positive impact on the price of the asset.

Axie Infinity (AXS)

Axie Infinity is a cryptocurrency that is also a game built on the Ethereum blockchain, where users fight and reproduce fantastic creatures called Axies, earning real rewards in cryptocurrency for your victories in Arena, Adventure and PvP.

Currently, in-game rewards range from minimal 3,000 SLP or USD 350 approximately at current prices.

Due to the high rewards that are paid, the game has become known for being able to provide income above the minimum wages of many countries in the world.

The game describes itself as a project that will redefine blockchain gaming, going to infinity and beyond. And that is what it is doing.

Currently, Axie is the blockchain game with the most users in the ecosystem, 63,000 in the last 30 days Y USD 89 million in rewards, more than all cryptocurrency projects put together.

AXS token owners will be able to claim rewards by staking their tokens, playing the game, and participating in key governance votes. Players will also be able to earn AXS by playing various games within the Axie Infinity Universe and through user-generated content initiatives.

The report explains that the game, built on the Ethereum blockchain, looks like Pokemon, also mixing card game and strategy concepts, in which the user can improve their characters and earn a token when they meet certain requirements.

Keep reading:

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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