4 cryptocurrencies that you should take into account for this 2021 │ We analyze your projects
It is a cross platform ecosystem of non-fungible tokens (NFT) open to the public market. This project has an offering that is based on a platform dedicated exclusively to NFTs, in which NFT creators, different entertainment brands, fans and collectors can interact with each other. Cross platform technology is available on PCs, web environments and mobile applications to be able to live the experience of augmented reality and virtual reality.
Imagine a planet in which your collections cannot be broken, they do not need to be cleaned and, in addition, they do not occupy any physical space. A planet where what you collect will always be eternally in perfect condition. A planet where, despite being virtual, you can buy, trade, sell and interact with your collectibles whenever you want. That is the world of Terra Virtua. Terra Virtua revolutionizes the way you express and support fandoms in a way that you have never seen before, since with Terra Virtua it is possible to show your passions within your own Fancave, and thus display your collection in an innovative way. and easy.
With the Terra Virtua application, your entire collection can be stored in the palm of your hand, and with augmented virtual reality technology, you will be able to bring your most beloved collectibles to your own reality. Also, there is the possibility of using your digital collectibles as real elements in different environments and being able to project them to your TV, play with them, for example, pinball or other games, and even play them on a music player. All this while customizing your Fancave with your desired collectibles.
Terra Virtua Fancave works as a place of its own, and for larger digital assets like giant robots, creatures, and ships, where you also have the ability to use Terra Virtua's Terra Dome. Your smartphone can display and share your collectibles in Augmented Reality. Virtual reality is also another immersive possibility in which you will be able to personalize and broadcast your own personal space live to share and display your collections.
Terra Virtua Kolect is trading at the time of this writing at $ 0.44 cents with a trade volume in the last 24 hours of $ 14 million. The current ranking at the top of CoinMarketCap is # 452 and has a market capitalization of $ 98 million. It has a circulating supply of 219 million TVK out of a total of 1.2 billion.
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Of all the cryptocurrencies available on the market, you have probably ignored the price of Cardano, but if you manage to delve into the crypto markets of the different exchanges, you will find thousands of coins with great potential, Cardano is one of Those coins that promise big profits and powerful innovations.
To get into Cardano it is very important to mention that it has three groups that support it. These are the Cardano Foundation, EMURGO and Input Output Hong Kong:
Cardano Foundation: founded by Charles Hoskinson and Jeremy Wood in Zug, Switzerland. The foundation aims to monitor improvements to Cardano.
EMURGO: Founded and established by Charles Hoskinson and Jeremy Wood. He gave great support to Cardano in the beginning, although today he manages the lucrative part, and in turn, the one that promotes the use of Cardano throughout the world.
Input Output Hong Kong: Jeremy Wood and Charles Hoskinson founded this company to promote the study of blockchain technology. In other words, to find new ways to improve the Cardano blockchain.
This currency is a decentralized network that allows people to buy and sell things without the need for banks, governments or any other kind of middle man. It uses its ADA token and shares certain similarities with Ethereum, as it also has smart contracts and decentralized applications (dApps). Hoskinson made updates that differentiated Cardano from Ethereum, one of them is that you cannot mine ADA, but yes, you can keep them in "staking". Ethereum uses the Proof-of-Work methodology that allows people to mine (ETH) using their PCs. The problem with this system is that it consumes too much energy and as a result, it can harm the environment much more than other alternatives.
On the other hand, you can put the amount of ADA you want into staking and the more you invest, the more chances you will have of earning more ADA. Could it be the next Bitcoin? There are many technical analysts and big investors who say that Cardano could be the "future Bitcoin", although you should not assume that every comment can be investment advice.
Still, there are many reasons to believe that ADA may outperform BTC in the future. There are many forms and functionalities that go beyond the money that can be earned or invested. For example, the Ethiopian government made a deal with Input Output Hong Kong to help schools track student performance.
Cardano is trading at the time of writing at $ 1.72 with a trading volume in the last 24 hours of $ 6 billion. The current ranking at the top of CoinMarketCap is number # 6 and boasts a market capitalization of $ 55 billion USD. It has a circulating supply of 31 billion ADA, out of a total of 45 billion.
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Reef Finance, with its token called Reef. Decentralized finance (DeFi) projects have been known to become more and more common as they gained popularity, but each of these new DeFi platforms suffers from the same problem: a lack of interoperability. This creates certain levels of inconvenience for users (and a lot of frustration), as they have to deal with lots of different applications if they want to take full advantage of all the functionality that DeFi offers.
The solution could be a simple interface that allows users to interact with all their DeFi applications in one place quickly. And that is the purpose for which Reef Finance was created. Reef Chain is functional with EVM for DeFi. It's fast, scalable, and has low transaction costs. It is built with Polkadot Substrate and comes with chain governance system. Furthermore, it is possible to transfer DeFi applications that are currently based on Ethereum to Reef Chain without modifying the Solidity code.
The Reef Finance project tries to promote the creation of a system that can merge all the existing diversity of DeFi applications into a single platform, facilitating user access to the DeFi ecosystem. With Reef Finance it is easy to be able to trade and buy a variety of assets, among other functionalities.
Denko Mancheski, CEO of Reef Finance, thought of a solution to the problem of "mental barriers" that hold back the growth and adoption of the DeFi ecosystem. According to Mancheski, the average person feels lost when entering the DeFi space for the first time due to the myriad of options this space offers. This makes the use and adoption of DeFi platforms unlikely for “newcomers”.
Reef is trading at the time of writing this post at $ 0.05 with a trading volume in the last 24 hours of $ 702 million. The current ranking at the top of CoinMarketCap is number # 122 and has a market capitalization of $ 682 million. It has a circulating supply of 12 billion REEF, out of a total of 20 billion.
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Solana is a blockchain that provides decentralized, scalable, fast and secure applications and markets. Currently, the system supports 65,000 transactions per second. The objective of the Solana software is to demonstrate that a set of algorithms are presented that use the combination to create blockchains of platforms. Therefore, this would allow transaction performance to scale proportionally with network bandwidth. The Solana platform was founded in 2017 but officially launched in 2021 by Anatoly Yakovenko who worked at Qualcomm before founding Solana and has extensive experience with compression algorithms, also worked at Dropbox as a software engineer. Yakovenko, together with Eric Williams and Chief Technology Officer Solana, Greg Fitzgerald, were able to create a process to address the most common performance issues that existed in the Bitcoin and Ethereum blockchains.
Solana has quite a few partners in the crypto industry; many are considered the best in the business. These firms include Project Serum, FTX, Terra, civic, Formatic, among many others. The SOL token is the native currency of the Solana ecosystem. Therefore, this token has the possibility of passing to the nodes within the Solana cluster in exchange for the execution of chain programs or validating their output. Another use of SOL is to make micropayments known as lamports.
It should be noted that Solana solves many traditional problems that blockchain technology experiences and has a revamped structure for confirming transactions and a super efficient consensus algorithm. The platform is a strong competitor to Bitcoin and Ethereum.
SOL is trading at the time of writing this post at $ 41 with a trading volume in the last 24 hours of $ 548 million. The current ranking at the top of CoinMarketCap is number # 19 and boasts a market capitalization of $ 11 billion USD. It has a circulating supply of 272 million SOL, out of a total of 494 million circulating units.
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Like Terra virtua, Cardano, Reef and Solana there are thousands of other cryptocurrencies more than among all of them, we can find many hidden gems if we carry out a good analysis, the world of cryptocurrencies is here to stay.
