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Recently, the crypto market has experienced a considerable downfall due to several factors, but mainly because of the decision made by the Federal Reserve about interest rate hikes. Also, digital coins have undergone severe pressure from the broader economy, which also affected the fall of coin prices. Consequently, this fact has been a subject of major concern among investors these days, and they started looking for those cryptos that have high prospects in the future.
Considering the fact that established coins such as Bitcoin and Ethereum have drawn pretty low numbers in recent months, we have to say that relatively unknown cryptos have a more bright future after the current crash. Hence, here is the look in order to take some promising cryptocurrencies that will bounce back after the latest crash into consideration.
Battle Infinity (IBAT)
Battle Infinity, also known as IBAT, is considered one of the best cryptos to recover from the current situation. Battle Infinity is a fantasy sports game encompassing both non-fungible tokens (NFTs) and the metaverse, which are combined with blockchain technology. So, the IBAT is a native token for this game that features Premier League and users have the opportunity to establish teams from NFTs that will represent real-life players. The main point of this game is that the champion will be announced at the end of the season based on the largest points.
The IBAT is a perfect resource for sports lovers at the moment since it might bring a large passive income in the future. What’s more, the developers have announced that they will incorporate staking in the upcoming days, so investors will profit from purchasing Battle Infinity.
Tamadoge (TAMA)
As the crypto market is on its way to recovering, it might be the best time to purchase Tamadoge which is a self-described play-to-earn Dogecoin. This digital coin is unique as it unites meme coins with blockchain technology. You have a chance to buy NFT digital pets, and the main idea is that you will receive awards for victories in the battle.
Even though the market experienced a wider bearish condition last week, Tamadoge managed to complete its presale and raise up to 19 million dollars in more than seven weeks. So, the TAMA token will be listed on centralized exchanges by investors in order to make it available for holders. It is a good idea for investors to purchase Tamadoge tokens now since the full platform will be accessible by the end of the year, so they can earn profits in the future.
Lucky Block (LBLOCK)
Lucky Block is a platform comprising the NFT competition and rewards, so LBLOCK is an ecosystem token for it. So, if investors wish to get their hands on the game ecosystem of the platform, they can purchase Lucky Block and earn some prize pools and enter competitions established by the developers. The V2 of LBLOCK is currency trading at $0.00054 at the moment after the 28.9% drop in the last week, and it is presented on centralized exchanges.
LBLOCK itself is a relatively complex coin. However, experts are hoping that the so-called tokenomics of the asset will be improved, and the price will surge in the near future since the creators have implemented a burn mechanism recently. Hence, it is a good time for investors to seize this initiative and purchase LBLOCK.
Ethereum (ETH)
Ethereum is a well-known digital coin for both investors and developers, which is powered by ETH and is expected to rebound after the current crash. Despite the fact that Ethereum experienced a downfall of 27.2% last week and is currently trading at $1,323, the investors see tremendous prospects in it. The primary reason is that Ethereum is large-cap crypto and most likely it will be one of the first ones that will bounce back from the present situation.
Furthermore, investors were attracted by the Ethereum Merge, which undertook and finished the blockchain’s transition to the Proof-of-Stake consensus mechanism. This process might be the major turning point for the Ethereum price after the market turns bullish since a deflationary model has become available for the Ethereum blockchain. Consequently, you should have high expectations in regard to this digital coin!
Cardano (ADA)
We would like to finish the list of cryptos expected to recover from the currency crash by ADA, which is a native token of the Cardano blockchain. Given the fact that this digital asset is often overshadowed by other cryptos, the developers are working hard to launch a user-friendly platform.
What’s more, this week, the creators are planning to introduce a blockchain fork called Vasil, after months of delay. The main objective of Vasil is to improve the speed of transactions and lower the cost of ADA-based payments. All in all, it will act as a catalyst for the ADA and help it to increase its price in the upcoming months.