The crypto community is increasingly moving towards tokens with real utility. This is the reason most meme coins like Shiba Inu are developing more products for their token to get value. In fact, the Shiba community agrees that crypto projects like Bitgert have great utilities. This can be seen from the growing number of Shiba community members joining Bitgert. But how are these cryptocurrency currencies performing in the industry? Well, read more about them below:
What the Shiba Inu community is saying about Bitgert having great utilities is correct. In fact, one of the reasons why Bitgert is doing very well in the market is the vast utilities it offers. Did you know that Bitgert has over 10 products being developed by the end of 2022? This is correct. Among the products are the popular Brise exchange, Bitgert gasless exchange, Bitgert metaverse, Paybrise, and many others.
The crypto exchange is centralized and projected to launch in Q1 2022. The zero gas fee blockchain has the testnet already completed, and the team is now ready for mainnet development. With all these products, the Bitgert project has one of the greatest utilities in the market, and the progress is going well.
When it comes to projects with the best utility features, Centcex might be the best in the crypto industry. It is one of the few projects designed to offer unlimited utilities. According to the Centcex whitepaper, the project has the Centcex Lab, which is being funded by 3% of every transaction. The lab is developing an unlimited number of products for the ecosystem. The Centcex exchange is the flagship product and is currently in the advanced stages of development. The Centcex is just 2 months old as of this writing, and there are a lot of utilities coming up.
The Shiba Inu team decided to give the token more utility by developing products for the Shiba Ecosystem. The idea was to make Shiba more than just a meme coin. The team already developed and launched the Shibaswap, one of the best swaps in the industry. The other product that the team is bringing to the network is Shiberse, a metaverse product. But the team is doing in making the project more attractive. The Launch of Doggy DAO is centralizing Shiba Inu further. It is one of the biggest products the team is launching soon. The DAO is also going to reduce the influence crypto whales have had on Shiba Inu.
With Dogecoin being one of the cryptocurrencies that have been around for many years, having launched back in 2013, it means it is one of the established digital currencies. The recent development by the team has made the coin one of the best performers in the market. The Dogecoin marketing strategy is working fine, with Elon Musk being one of the most influential individuals running it. The adoption of Dogecoin is also growing fast, with big companies like Tesla also accepting $DODE for various merchandise. Dogecoin is progressing well, and with more adoptions, it will be one of the cryptocurrencies to watch.
Bitcoin has skyrocketed in the last 5 days of this writing. The cryptocurrency managed to increase to above $40k to trade at $43,605.55 as of this writing. For a coin that had dropped to $33k just a few days ago, this is massive growth, and probably a bull run is coming soon. But Bitcoin has been making great progress, especially in the adoption of the cryptocurrency. There is now a huge number of merchants that are accepting Bitcoin payments. The acceptance of Bitcoin as legal tender by El Salvador has also made BTC a stronger digital coin. Therefore, Bitcoin is progressing just fine.
Ethereum is progressing and has continued to attract more crypto investors. This can be seen from the increasing market value of ETH in 2022. The recent bull market has also seen the value of the coin increase by a significant percentage. According to the Coinmarketcap.com data at the time of this writing, Ethereum had increased by over 12% in just 7 days. The Ethereum team is also progressing the Serenity upgrade, which will see all the major limitations on the Ethereum network. The full platform upgrade is expected to make Ethereum the best cryptocurrency in 2022.
The biggest reason why Binance coin has been doing very well in the industry is the increasing development of the Binance Chain. Binance has continued to record one of the largest crypto-to-crypto trading volumes. In 2022, the team has also increased the number of tokens on the exchange. There is also an increased number of projects on the Binance Smart Chain in 2022. These are just some of the reasons Binance coin is mooning and could be the next big thing in 2022.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.