The year 2022 has been a terrible year for crypto investors, with many selling off key assets months ago. It is especially evident in Bitcoin and top altcoins that were once promising now plummeting to their ends.
Solana and Cronos are among the tokens that many users were excited about during the 2021 bull run. However, with current bear forces, these two tokens are not guaranteed anymore as they do not offer plausible gains for crypto investors and users.
However, the good news is that the crypto market still promising investment opportunities in certain tokens, like Dash 2 Trade, Calvaria, IMPT, and RobotEra, for users to explore. But first, let’s look at the current price action of SOL and CRO in the crypto market. Read on!
What is the Current Market Situation for SOL and CRO?
Solana and Cronos suffered poor starts to 2022, like virtually every token out there. Solana was arguably the best-performing token of 2021. However, due to recent developments relating to FTX, Solana might see its end.
FTX chose Solana as its blockchain network for a decentralized exchange called Serum. With the FTX crash, there was an injection of 80 million SOL into the market. As a result, there is massive sell pressure that investors cannot handle.
At the time of writing this article, SOL is worth $13.61, a far cry from its $230 height in December 2021. Like the domino effect, Cronos is presently going on a slippery slope with the rest of the exchange tokens.
Cronos is the native token of the crypto.com exchange and has been under investigation following the FTX crash. As a matter of fact, investors are uneasy regarding how crypto exchanges are crashing. As such, they want to let go of their bags before any impending crash. Cronos is presently sold at $0.07 in the market.
5 Best Tokens to Buy in 2022
While the market outlook for Solana and Cronos foresees impending doom, crypto users and investors can find solace in these five tokens as they are ready to offer outstanding gains.
- Dash 2 Trade (D2T) – Best Social Trading Platform
- Calvaria (RIA) – Unique battle card gaming ecosystem
- IMPT.io (IMPT) – The best green energy token
- RobotEra (TARO) – Unique Metaverse-based token
- Binance coin (BNB) – The smart chain token
Dash 2 Trade (D2T)
Dash 2 Trade is a unique social trading platform packed with tools to make trading easy and efficient for investors. Like many other projects, D2T is an ERC-20 token based on Ethereum’s blockchain.
One of D2T’s main features is its comprehensive trading API. This tool is handy for crypto traders seeking to analyze market data beyond what is available on exchange platforms. Developers will also find the tool useful in integrating various blockchain functions into their software projects.
Additionally, the platform has a strategy builder that allows investors to customize trading setups that work best for them. Also, a backtester tool enables the simulation of crypto trades in real live market conditions. This way, users can try out their trading strategies without risking real money, fine-tuning them in the process.
Calvaria is a play-to-earn ecosystem where users compete with each other using NFT battle cards. Points are earned based on how well users can craft battle-winning strategies to defeat opponents.
The Calvaria ecosystem is based on Web 2.0 and Web 3.0 technologies, unlike some other gaming tokens. Calvaria is available as a free-to-play game, while it offers additional incentives to gamers in that they can own earned in-game assets on the blockchain. Additionally, gamers can flip these tokenized assets on secondary marketplaces like OpenSea and Rarible for profit. RIA holds much promise and is thus one of the top tokens to buy and hold in 2022.
IMPT is a green energy token. The project is preoccupied with environmental concerns, specifically the carbon offset market. Global warming and other climate issues are a cause for concern, as is the depletion of the ozone layer and rising volumes of carbon in the atmosphere.
This green platform has partnered with several environmentally-responsible retail brands. Whenever users shop on these platforms, they can acquire carbon credits and retire them for special NFTs. IMPT is currently in its second presale stage, with one token selling for $0.023.
Like Calvaria, RobotEra is a metaverse-based blockchain ecosystem. RobotEra aims to be a planet-rebuilding, sandbox-like Metaverse. Users play as robots, gaining access to various utility features like managing land, acquiring resources, and contributing to the world’s creation and development.
It’s a shared metaverse that connects to other works, digital museums, concerts, parts, and other digital assets. RobotEra also facilitates the trading, exploration, creation, and sharing of NFTs within its community.
The TARO utility token powers the RobotEra ecosystem and has a capped market supply of 1,800,000,000 tokens. At the time of writing this article, TARO is in its first presale stage, with one token selling for $0.020. Investors can purchase it using ETH or USDT.
Binance Coin (BNB)
BNB launched to a successful ICO in 2017, raising $15 million worth of BTC and ETH. 40% of the tokens were allocated to the founding team, while 50% was available for presale. At the time of its presale, BNB sold at 15 cents per token. Today, BNB’s market value is $266.50.
BNB is the native token of the Binance Smart Chain. Although its current circulating supply is over 163,276,975, its built-in auto-burn system acts as a deflationary measure to reduce its supply to 100,000,000. This burning is carried out every quarter based on the BSC’s (Binance Smart Chain) generated block quota and BNB prices.
BNB has utility in that it’s the token used to pay transaction fees in the Binance Cryptocurrency Exchange platform.
While Solana and Cronos are experiencing uncertainties in their prices, other projects are poised to pump at higher rates in the immediate future. IMPT, TAMA, TARO, RIA and BNB are utility tokens, meaning their usefulness goes beyond mere means of payment. Buy these tokens today!