The crypto market is always buzzing with activities as crypto enthusiasts continue looking for the next mega coin to buy even amidst the bear market in 2022. With several options out there, it can get pretty overwhelming. Felixphere news…
Many investors often find themselves wondering if they should buy more Bitcoin (BTC) and Ethereum (ETH) or pick up meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB). While those are good, you might want to cast your net wider to find other tokens with over 10X potential.
Tezos (XTZ) and Algorand (ALGO) are two good additions; however, Felixphere (FELIX) is hitting the market soon, and it seems to have a lot going on. Let’s take a deeper look at these cryptocurrencies.
Felixphere is a developing ecosystem of exciting play-to-earn games designed to reward users in several ways. It replaces the predominant complex game concept and complicated game rules with a host of easy-to-play P2E games on its platform.
Felixphere will also offer daily lottery opportunities where users can cast their lots to win pots of gold. Users will also earn extra rewards through every new user they invite to the platform.
The ecosystem will be powered by the platform’s native FELIX token, which is a BEP-20 token developed on the Binance Smart Chain. The token will also be used to pay for all transactions on the platform.
Players need to fund their wallets with FELIX to play games, participate in daily lotteries, and qualify for airdrops. Rewards are also paid out in the token. The platform also has plans to become a decentralized autonomous organization in the future so as to give token holders rights to contribute to platform development and other decision-making processes.
Tezos is a decentralized open-source blockchain similar to Ethereum; it serves as a network for deploying smart contracts and can carry out peer-to-peer transactions.
However, the platform seeks to offer more advanced infrastructure by growing and evolving consistently. It also distinguishes itself from Bitcoin and Ethereum through its formal governance system, a Proof-of-Stake model that consumes less energy, and an insistence that its network can’t be forked.
The platform has a native token, Tez, with the symbol (XTZ). Users can stake the token to participate in validating transactions and receive blockchain rewards. Holders also have voting rights in the platform’s decisions.
Furthermore, Tezos recently entered into partnerships with several organizations, including Manchester United, Honda, Gap, etc., for NFT and other projects. These partnerships could move for more adoption and push the token price up.
Algorand is also a decentralized, self-sustaining crypto platform that offers a safe, scalable, and efficient alternative for developers looking to create their own dApps. The network prides itself on its ability to process transactions quickly like popular payment processors such as Visa and Mastercard.
The platform’s mainnet launched in 2019 after a successful ICO, with the ALGO token price of $2.40. The token powers the network, and users can pay transaction fees with it or stake it to participate in securing the platform for rewards.
While the ALGO token is currently trading low due to the bear market, Algorand is moving to make its blockchain Ethereum-compatible. This would allow the network to access more decentralized apps and boost the network’s value. The move could also potentially rub off on the platform’s ALGO token.
The crypto market is currently swamped with undervalued coins like Tezos (XTZ) and Algorand (ALGO). However, these tokens are attached to efficient networks with interesting utilities, and their development teams are not relenting as they move to add other features to boost their platform values.
The possibility of these tokens picking up soon makes them good picks to boost your crypto portfolio. Also, consider hopping on the FELIX presale for a chance to earn massively when the token and platform’s mainnet launch.