Cardano, an altcoin that is one of the largest in the cryptocurrency space, has been a successful open-source blockchain network and cryptocurrency since 2017. Investors are now looking for alternative investments after huge price drops.
Three of the most promising alternatives to Cardano will be discussed in this guide, and they could potentially yield high returns by 2022.
Cardano Price
Cardano, like Ethereum, is an open-source blockchain platform. It uses smart contracts to harness DeFi protocols and interoperability with NFTs. Charles Hoskinson was one of the founders of Ethereum and Cardano (ADA), was launched in 2017.
ADA launched in 2017 and did not see any price movements until 2021. Before reaching $1 in July 2021, the token soared from $0.2 up to over $2.
However, Cardano made headlines after integrating its Alonzo fork upgrade – which deployed smart contracts on the blockchain network for the first time. ADA reached an unprecedented $3.1 million in just three months after the launch of the deployment in September 2021.
ADA corrected this to $0.5 per token. Although the token is the biggest cryptocurrency, it did not see any growth in 2022. A 2x rise to $1 seems unlikely. Investors therefore are searching for alternative options.
Cardano Alternatives
These sections examine three other cryptocurrencies, which may be good options to Cardano (ADA).
1. Tamadoge
Over the years we’ve seen a growing number of GameFi projects using blockchain technology to bring exciting gaming benefits to their players. 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 is Tamadoge’s native token and can be used to pay transactions, purchase NFTs, or reward players. One of the P2E items that can be purchased with TAMA is Tamadoge pets – unique NFT avatars that take the shape of dogs. Every avatar has its own unique characteristics. Each avatar can be bought at the Tama shop with the native token.
Tamadoge participants compete against each other with NFT pets. At the end of every month, the best performers get rewarded. TAMA is a deflationary asset that burns 5% of tokens used on the platform.
Only 30% of tokens purchased are for marketing, and the remainder 65% go to P2E prizepools. You can currently purchase Tamadoge on presale. Tamadoge met its beta presale hardcap targets of $2,000,000 within 10 days.
The remaining presale is expected to bring in $19M. It will close in quarter four 2022. After the presale ends, TAMA will be made available on LBANK, a centralized exchange (CEX) and Uniswap – the popular decentralized exchange (DEX). The trading volume will be increased, which makes it one of the top emerging cryptocurrency projects.
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2. Battle Infinity
Another great alternative to Cardano is Battle Infinity – a decentralized crypto platform with 6 different P2E features. The main feature on this platform is the Battle Arena – a P2E metaverse where players can interact on a virtual ecosystem where characters have been minted as NFT via ERC 721 smart contract protocols.
Another accessible feature is the IBAT Premier League – a decentralized sports fantasy league. Players can take part on these platforms by trading IBAT – the utility token of Battle Infinity. Battle Infinity will make IBAT available on the IBAT Battle Swap – a DEX from where IBAT can be purchased and swapped with other cryptocurrencies.
IBAT investors can stake their IBAT on the Battle Stake feature in order to collect interest. Compared to Cardano’s forgettable 2022, IBAT burst onto the scene by concluding one of the best crypto presales of 2022.
PancakeSwap now has the option to purchase IBAT tokens that were sold in less than 3 weeks after its initial 90-day presale. IBAT was listed for presale at $0.0015 per token and reached $0.01 shortly after it was published. This price increase of nearly 600% outshines Cardano’s recent performance.
IBAT trades at $0.007 per token despite Bitcoin’s current bear market. IBAT is poised to be one the most popular crypto winter tokens of 2022.
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3. Lucky Block
Lucky Block NFT Competition Platform promotes fairness, transparency and trust by giving players the chance to win as much as $50,000 per week. Every Friday, there are weekly NFT draws on the Lucky Block platform. To be eligible for the NFT draw, players must purchase the NFTs that have been minted by Lucky Block.
Participants are rewarded with LBLOCK – the native cryptocurrency of Lucky Block. Notably, there are two LBLOCK token versions – a V1 and a V2 token. The V1 token takes a 12% transaction charge and is designed for DEXs.
However, V2 token (an ERC-20 protocol) is available on CEXs. There is no transaction fee. Recently, the V2 LBLOCK crypto was deployed on the popular centralized exchange – MEXC.
Currently, V2 LBLOCK tokens are trading at $0.002.
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Tamadoge – How can I get it
The steps below show investors how to buy Tamadoge – the best alternative to Cardano in 2022.
Step 1: Create a Crypto Wallet
To buy Tamadoge, interested readers must first purchase a crypto wallet. MetaMask (TAMA) is an example of a top-rated crypto wallet.
Traders can head over to MetaMask and click on ‘Download’.
Step 2: Purchase USDT or Ethereum
TAMA tokens can be exchanged for USDT and ETH to purchase it.
These assets can be purchased if you do not have them yet. Head to your preferred cryptocurrency exchange to buy USDT or ETH and then transfer the tokens to your MetaMask account.
Step 3: Link MetaMask with Tamadoge Presale Platform
The next step is to visit the Tamadoge website and click on ‘buy’. Investors can then click ‘Connect Wallet’ and choose their wallet provider to connect with the presale platform.
These instructions will help you to link your wallet.
Step 4: Buy TAMA Tokens
You can then buy TAMA tokens by entering your desired number. Then, select ‘Convert ETH’ or ‘Convert USDT’. A minimum purchase of 1000 TAMA is required by buyers.
TAMA tokens can be claimed once the presale ends by clicking on ‘claim’ on the Tamadoge website’s homepage.
It’s also possible to buy TAMA using a debit/credit card via the popular fiat on-ramp Transak. This option is available once you connect a MetaMask bank.