Innovative Cryptocurrency Projects in 2021 | Cryptocurrency Data

 

The power of retrospect, oh, the power of hindsight. When we reflect on the past, we frequently see flawless vision, which is why so many end-of-year articles and blog posts predicting the next popular crypto, coin, or initiative might fall flat months or even weeks after they were uploaded or published.

One of the issues with such lists is that they can turn into arbitrary, non-reflective exercises (“everyone else is doing it, so let's make our own list”). The crypto world, on the other hand, has its own logic and rhythms, which is one of the reasons why we should all be on the lookout for new ventures throughout the year.

As we enter the second half of 2021 (how quickly time flies, right? ), it's a good time to take stock of some of the year's most promising projects. Given how quickly the crypto world moves, you should keep in mind that some of these projects' general strengths or shortcomings will certainly change, while others may remain unchanged.

Take our word for it, as with anything in the area of cryptocurrency trading, blockchain technology, and Defi in general. Talk to others, read, investigate, then read some more before making your decision.

Cardano is a cryptocurrency (Ada)

Cardano and its native cryptocurrency Ada are generating a lot of buzzes, and rightfully so. Cardano is a blockchain platform that promotes technology through evidence-based science via five core principles: people, purpose, technology, research, and opportunity. It is founded on a proof-of-stake consensus system (Ouroboros) that confirms transactions without excessive energy costs. Ada is expected to be worth $10 by 2025, with some speculating that it might be worth $50 by 2030.

Sure, that sounds great, but will they be able to follow through on such high rhetoric and predictions? Take, for example, recent advances that will enable it to provide powerful smart contracts and Defi to its blockchain. The oddsmakers, on the other hand, are betting against

Cardano releasing smart contract capability before the end of October.

Whether or not they can stay to their schedule, the Alonzo White network will gain additional users, functionality, and features as a result of their recent overhaul. With the success of the Alonzo hard fork, several pundits predict that Alonzo Purple will be released in August.
CoinMetro is a cryptocurrency exchange (XCM)Even in the bipolar world of crypto highs and lows, a crypto platform that shatters its growth expectations by a factor of 100 over the course of a year and its own native utility token climbs an incredible 1400 per cent in value becomes impossible to ignore, which is why Tallinn's CoinMetro and its token XCM have caught our attention.

You claim it's just hype. Okay, let's look ahead to the coming year and see if the exchange can maintain its blazing pace. CoinMetro had additional success with their recent two-week staking of four million Flux as well as their ongoing KDA staking programme after raising €2.5 million in their tokenized bond offering earlier this year in favour of their next-generation platform.

The Bank of Lithuania has also granted them an E-Money Institution Agent licence, which might allow them to offer cards, individual IBAN accounts, and direct debits, among other things. They're branching out into the B2B "know your customer" space, allowing them to create their own customer verification infrastructure rather than relying on off-the-shelf solutions. They're also trying to raise money for a multilateral trading facility (MTF) licence, which is a European Union regulatory name for a self-regulated financial trading venue.

Ledger of Power (POWR)

The crypto sector isn't exactly recognised for its eco-friendliness, given the massive quantities of electricity necessary to mine Bitcoin (for example). With the Earth's climate system continuing to warm over time, there has been a surge in interest in greener, more sustainable digital assets, as well as the technology that powers them.

The Power Ledger in Australia intends to lead the worldwide democratisation of the energy market, allowing people to have direct access to energy and engage directly in energy markets to enhance their lives and the lives of others. Their recent statement regarding the migration of their own Powerledger Energy Blockchain from Ethereum to a Solana-based blockchain is one step toward achieving this goal. According to Power Ledger, the shift will result in faster transaction speeds and throughput. Solana's architecture consumes less energy than existing Proof-of-Work (POW) blockchains.

It's unclear how this would affect POWR, Power Ledger's native coin, especially because the token will remain on the Ethereum mainnet. Analysts, on the other hand, are bullish right now, with some projecting a fivefold gain in value in the short term and technical indicators indicating an upward trend.

($POLS) Polkastarter

The previous six months have been extremely nice to crypto launchpad Polkastarter, with 62 IDOs, over 35,000 participants, and $20 million raised, making it even hotter than the launchpads used by Branson, Bezos, and other billionaires as they blast off for space.
Polkastarter is a cross-chain, fully decentralised launchpad for innovative ideas in the blockchain and digital assets arena. It is an IDO platform that links early-stage enterprises with community members. The platform provides transparency to both users and investors thanks to its fixed ratio swaps, which limit how much individuals can invest (preventing "pump and dump" scams).

 

The native utility token of Polkastarter, $POLS, is available on Binance and has garnered positive price forecasts from analysts for the coming months and years. Polkadex, which launched its Initial DEX Offering with Polkastarter, is a fully decentralised peer-to-peer order book-based cryptocurrency exchange for the Defi ecosystem built on Substrate. It is one of 2021's most anxiously anticipated projects. Whether centralised exchanges (CEXs) will continue to dominate has been a point of contention, especially in light of platforms like Polkadot and projects like Polkadex.

Courageous (BAT)

What does a web browser have to do with cryptography, you might ask? There are some fascinating developments in the case of Brave. As many of you are aware, Brave is an open-source browser developed by the Mozilla co-founders project that prioritises efficiency and privacy, making it a compelling alternative to Google and Apple's popular products (does anyone actually use Microsoft's Edge?).
For crypto fans, Brave now offers the “Basic Attention Token,” an open-source, decentralised ad exchange network based on Ethereum (BAT). When you watch Brave Ads, you get 70% of the ad money, which you can donate to your favourite web content creators through the browser's Brave Rewards programme. Brave's partnership with Uphold Inc., a digital currency exchange operator, enables users to purchase and sell BAT in micropayments. Brave payments and Bitcoin were used in an earlier edition with the Brave browser (2016).
Brave's unique blend of digital advertising and blockchain technology has resulted in a growing client base and potential financial returns, as well as an extremely positive future outlook.

Verasity ($VRA) is a cryptocurrency.

Verasity, a cryptocurrency, eSport, gaming, and video entertainment platform, has had a lot of fun lately. Their recent mention of a relationship with Tencent in China has caused a stir in the gaming community, although the "partnership" could be a one-time deal. Esports Fight Club (EFC), a tournament platform provider, has announced its cooperation with Riot Games and officially licenced SEA tournament organisers for the upcoming Challengers Stage 3 tournaments across Southeast Asia, according to a Tweet from Verasity CEO RJ Mark.
While Riot Games is owned by Tencent, it isn't precisely a joint venture (more of an indirect association). It's also unclear how Verasity will bridge the gap between the gaming community and the crypto sector. Nonetheless, Verasity's products include "a proprietary ad stack and the VRA Rewards System integrated into SDKs for YouTube, Twitch, Vimeo, and all major video platforms," as well as "a proprietary ad stack and the VRA Rewards System integrated into SDKs for YouTube, Twitch, Vimeo, and all major video platforms."

Verasity has developed a solid track record with 2021 Q1 milestones such as the introduction of a VOD sharing platform, the release of the proprietary EFC video player, and listings on top international exchanges. VRA digital purchases for gaming-enabled partnerships, the introduction of NFTs, the integration of VeraWallet mobile apps, and ad fraud detection are all expected in Q3 and Q4.

Mina Protocol ($MINA) bills itself as the world's smallest blockchain, with a whole blockchain weighing in at around 22kb - about the same size as a handful of tweets. For the sake of comparison, the Bitcoin blockchain is 348 GB in size, whereas the Ethereum blockchain is 248 GB (as of June 2021). To stake and participate in consensus, Mina claims that you don't need expensive hardware, you don't have to wait days for the blockchain to sync, and you don't need a lot of computational power.

Mina Protocol, formerly known as the Coda Protocol, is a blockchain with a strong investor base, including Coinbase Ventures, Paradigm, Three Arrows Capital, and Polychain. Mina's first community-facing token sale raised $18.7 million in four hours in April of this year. Mina is prepared to continue making progress in ensuring that Defi remains lightweight, agile, and truly decentralised, with ex-Mozilla developer Evan Shapiro and his start-up O (1) Labs trying to solve the problem of hundreds of gigabytes of blockchains and the increasing centralization of power.

 

MOBI
BMW, Honda, Ford, GM, Groupe Renault, and Honda, Toyota, and Hyundai are all well-known vehicle brands, but how much do you know about MOBI (not MUBI or even Moby)?

MOBI, or the "Mobility Open Blockchain Initiative," was founded in 2018 by a nonprofit alliance of many of the world's largest vehicle manufacturers, as well as startups, NGOs, transit agencies, insurers, toll road providers, smart city leaders, and technology companies, with the goal of developing standards in blockchain, distributed ledgers, and related technologies. The project and its members are “creating blockchain-based standards to identify vehicles, people, businesses, and trusted trips with the objective of making transportation more efficient, affordable, greener, safer, and less congested,” according to the group's website.

MOBI's development of blockchain technology has been getting a lot of media attention as the automobile sector undergoes existential upheavals as a result of the transition from fossil fuels to electric vehicles, as well as increased emphasis on artificial intelligence and self-driving technology. MOBI is a company to keep an eye on in 2021 and beyond, with blockchain-based standards like Vehicle Identity (MOBI VID), Usage-Based Insurance (UBI), and Electric Vehicle Grid Integration (EVGI), as well as creating carbon tracking, smart contracts, digital wallets, and electronic payments.

 

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