Cardano Back to $1? Unlikely, here are some alternatives

One of the biggest altcoins in the crypto space, Cardano is an open-source blockchain network and cryptocurrency that has provided significant returns since its launch in 2017. However, after massive price corrections, investors are looking new alternatives.

This guide will discuss three of the best alternatives to Cardano, which can potentially deliver high returns in 2022.

Gimbal Price

Similar to Ethereum, the Cardano network is an open-source blockchain platform that deploys smart contracts to leverage DeFi (decentralized finance) protocols, NFT interoperability and more. Launched in 2017, Cardano (ADA) was created by Charles Hoskinson, one of the original founders of Ethereum.

After its launch in 2017, ADA did not see much upward price movement until early 2021. The token rose from $0.2 to over $2 before correcting to $1 in July 2021.

However, Cardano made headlines after integrating its Alonzo fork upgrade – which deployed smart contracts on the blockchain network for the first time. After the rollout went live in September 2021, ADA hit an all-time high of $3.1 in the same months.

But, ADA corrected to $0.5 per token. Despite being one of the biggest cryptocurrencies, the token has not provided any upward movement in 2022. Therefore, a 2x increase to $1 is unlikely. Therefore, investors are looking for alternatives.

Alternatives to Gimbal

The sections below review three other cryptocurrencies that could potentially be good alternatives to Cardano (ADA):

1. Tamadoge

Over the past few years, we have witnessed an increasing number of GameFi projects leveraging blockchain technology to deliver exciting gaming benefits to gamers. One of the best GameFi and play-to-earn (P2E) projects is Tamadoge – a cryptocurrency network that offers NFT interoperability on its P2E universe.

TAMA, the native token of Tamadoge, is used to settle transactions, buy NFTs and reward players. One of the P2E items purchasable with TAMA is Tamadoge pets – unique NFT avatars that take the form of dogs. Each avatar offers different characteristics and can be purchased from the Tama store with the native token.

Participants compete in the Tamadoge ecosystem with their own NFT pets, with the top performers being rewarded at the end of the month. Notably, TAMA aims to be a deflationary asset, burning 5% of all tokens spent on the platform.

30% of the tokens spent are used for marketing purposes, while the remaining 65% are distributed among P2E pools. Tamadoge is currently available for presale purchase. Within 10 days of going live, Tamadoge hit its beta presale cap goals of $2 million.

Now the project is looking to raise $19 million for the remaining presale, which will end in the fourth quarter of 2022. After the presale ends, TAMA will be available on LBANK, a centralized exchange (CEX) and Uniswap – the decentralized exchange popular (DEX). This will help increase trading volume, making it one of the best emerging cryptocurrency projects to buy.

Interested readers can join the Tamadoge Telegram channel to stay updated with all the latest news and information related to this new crypto project. Telegram administrators will never contact you first.

2. Infinity Battle

Another great Cardano alternative is Battle Infinity – a decentralized crypto platform with 6 different P2E features. The main feature of this platform is the Battle Arena – a P2E metaverse where players can interact on a virtual ecosystem where characters have been minted as NFTs via ERC 721 smart contract protocols.

Another accessible feature is the IBAT Premier League – a decentralized sports fantasy league. Players can participate on these platforms by trading IBAT – Battle Infinity’s utility token. Battle Infinity will make IBAT available on IBAT Battle Swap – a DEX from which IBAT can be purchased and traded with other cryptocurrencies.

For investors looking to earn passive income, IBAT can be staked on the Battle Stake feature to accrue interest. Compared to Cardano’s forgettable 2022, IBAT burst onto the scene by wrapping up one of the best crypto presales of 2022.

The token sold out its 90-day presale in just over 3 weeks and is now available for purchase on PancakeSwap. After being pre-listed for $0.0015 per token, IBAT hit a price of $0.01 right after listing. This nearly 600% price increase eclipses Cardano’s recent performance.

Currently trading at $0.005 per token, IBAT has been performing well since IDO despite the current bear market and Bitcoin being in the red at the time of writing. IBAT has the potential to become one of the top crypto winter tokens in 2022.

Subscribe to the Battle Infinity Telegram channel to get more project updates. Telegram administrators will never contact you first.

Visit Battle Infinity Now

3. Lucky Block

Lucky Block is an NFT competition platform that promotes fairness and transparency by allowing players to win up to $50,000 in their weekly draws. In addition to a weekly main draw, the platform holds weekly NFT draws every Friday. Players must purchase the minted NFTs on the Lucky Block platform to participate in the exclusive NFT draws.

Participants are rewarded with LBLOCK – the native cryptocurrency of Lucky Block. There are notably two versions of LBLOCK token – a V1 token and a V2 token. The V1 token is a BEP-20 protocol designed primarily for DEXs and takes a transaction fee of 12% per transaction.

On the other hand, the V2 token is an ERC-20 protocol, which is listed on CEX and does not charge any transaction fees. Recently, the V2 LBLOCK crypto was deployed on the popular centralized exchange – MEXC.

Visit the Lucky Block website

How to buy Tamadoge

The steps below show investors how to buy Tamadoge – the best alternative to Cardano in 2022.

Step 1: Set up a crypto wallet

Interested readers who wish to purchase Tamadoge should purchase a cryptocurrency wallet. For example, MetaMask is one of the best Tamadoge (TAMA) compatible crypto wallets.

Traders can go to MetaMask and click “Download”.

Step 2: Buy ETH or USDT

TAMA can be purchased directly by trading ETH or USDT tokens.

If you haven’t purchased these assets yet, head to a preferred crypto exchange, buy ETH or USDT, and transfer the tokens to the MetaMask wallet.

Step 3: Link MetaMask to the Tamadoge presale platform

The next step is to visit the Tamadoge website and click “buy”. Investors can then click on “Connect Wallet” and choose their wallet provider to connect to the presale platform.

Follow the instructions to officially link the wallet.

Step 4: Buy TAMA Tokens

The last step is to buy TAMA by entering the number of tokens to buy. Then select “Convert ETH” or “Convert USDT”. Buyers must purchase a minimum of 1,000 TAMA.

TAMA tokens can be claimed after the presale is over by clicking “Claim” on the homepage of the Tamadoge website.

It is also possible to purchase TAMA using a debit/credit card through the popular Transak on the fiat ramp. This option will be available after connecting a MetaMask wallet.

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