Cryptocurrencies are digital currencies that are becoming increasingly popular in the mainstream for several reasons, including the fact that they are entirely decentralized, needing no central bodies or governments to control and regulate them. And crypto transactions are peer-to-peer, too, meaning that crypto is directly exchanged between parties electronically and does not need an intermediary to approve the transaction.
Since the first crypto, Bitcoin (BTC), was introduced in 2009, thousands of new cryptos have appeared, each claiming to offer something different from the others. Cryptocurrencies have since evolved since 2009, and we now have categories for these tokens, such as DeFi coins, meme coins, privacy coins, Metaverse, and gaming coins. This piece will shed more light on Polkadot (DOT), Decentraland (MANA), and Mehracki Token (MKI), which are the top three crypto projects from these categories expected to explode in 2022.
One major problem that the crypto industry currently faces is interoperability. At the moment, blockchain networks operate separately and in silos, making it difficult for collaboration to occur. The need for a platform connecting all the blockchain networks is a top priority. The industry may not need to look too far for a solution to this problem.
Polkadot (DOT) is a multi-chain cryptocurrency network designed to create an internet of interoperable blockchain platforms for a decentralized web. The platform will act as a framework for all other blockchain networks to opt-in, handling costly and messy cryptocurrency mining processes, such as validations of transactions and security protocols.
With Polkadot (DOT), the crypto industry will be getting a ready-made platform, a connective hub for all other blockchain networks to aid interoperability and scalability. When blockchain networks connect to Polkadot (DOT), they access the platform's Proof of Stake (PoS) consensus mechanism to validate transactions and security.
The platform's native token, DOT, is a DeFi coin and is one of the industry's biggest cryptos. It is a top 20 cryptocurrency in the coin market.
The Metaverse is a concept stirring much excitement within the crypto industry for several reasons. Virtual reality platforms are gaining much attention, and Decentraland (MANA) is one of them.
Decentraland (MANA) is a decentralized virtual reality platform that runs on the Ethereum (ETH) network. The platform allows users to create exciting objects and structures and monetize them.
The platform's native currency is MANA, a Metaverse coin that serves as a utility token for Decentraland. It is a top 40 cryptocurrency in the coin market.
2021 was a significant turning point for everything bordering blockchain technology, cryptocurrencies, Decentralized Finance (DeFi), and NFTs as the mainstream began to turn its attention toward them, and interest spiked. Meme coins also benefitted massively from this newfound attention, and there has been an upshot of meme tokens because of this. The 300+ meme tokens listed on Coinmarketcap corroborate this.
Meme coins are cryptocurrencies based on popular Internet memes, jokes, and events. They are not problem-centric like other crypto assets, and their value is based on factors like influencer endorsement, community endorsement, and hype. The lack of real-life applications and use cases makes potential investors stray from the token and give it a bad rep within the crypto industry. A new type of meme token is needed to remedy this situation.
Mehracki Token (MKI) is a feel-good meme token built on the Solana (SOL) network that seeks to help its holders generate wealth and economic stability. The project aims to remedy the image of meme tokens in the industry by creating a framework through which real-life applications and practical infrastructure can be established.
The Mehracki Token (MKI) will play a significant role in the Mehracki ecosystem. The token is currently in its presale and can be purchased via the links below.
Presale: https://buy.mehracki.io/register
Website: http://mehracki.io
Telegram: https://t.me/Mehracki_Official
Here is another article by Analytics Insight to gain more information about Mehracki Token (MKI).
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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.