Today, cryptocurrency is a lucrative investment scheme. The primary purpose of cryptos was to enable peer transfers. It means an investor from the US was able to easily transfer his token to another. The recipient can go ahead and convert this token to fiat currencies. For cryptocurrency trading, visit Bitqs , an official website that simplifies trading.
Increase in cryptos, metaverse, and NFTs
Along with a wide interest in crypto tokens, the number of currencies increased. As we speak, there are more than 14k crypto tokens in the marketplace. Most crypto exchanges list up to 8k tokens on their sites. Along with cryptos, other services including metaverse and NFTs also increased.
Metaverse is nothing but a virtual world that allows users to create gaming avatars. These gaming avatars enable investors to play their favorite games on the platform. These avatars also gain funding and in certain cases, you can also lend your avatars.
Like cryptos, NFTs also have a role to play. Non-fungible tokens in simple terms mean such tokens cannot exchange. In most cases, a crypto token can exchange with another. But, this rule defies NFTs. Also, NFTs can be anything ranging from paintings to gaming avatars. Such tokens host on exchange and the creator gains every time a token is purchased.
Now that we have understood both concepts let us look at two famous tokens in each.
Is Ape a good investment for 2022?
The official utility token of the BAYC platform enables users to perform actions. It allows users to interact and undertake various actions in the network. There are no centralized intermediaries and allow users to take complete control.
The APE token works on Ethereum and provides the following user benefits.
Incentive your token: Investors can use APE tokens on various gaming platforms. The token integrates with games, various projects, and allied services. An example of this is the membership pass in the Benji Bananas game. Interested users can buy this pass using 25 ape tokens. Another utility is the exchange option of Ape tokens in these gaming platforms.
Exclusivity services: The ape token allows users to gain access to certain exclusive services. It includes certain games, events, and even membership passes.
Better governance on tokens: Since this token is built on the BAYC platform, it allows for better control of the platform. Users gain better control over many other project initiatives. Investors gain the right to vote and support other decision-making projects.
Is Decentraland a good investment for 2022?
Decentraland is a virtual framework allowing users to create, experience, and monetize software. The user community gains complete control of the products and various designs. Decentraland provides an easier and more affordable solution on the virtual platform. it is otherwise costly to afford the same on an offline platform.
Using Decentraland an investor can buy and sell a piece or complete part of the land. As an investor, you can also move your real estate to another member of the group. The map services in the tool let you view the property of other team members. The network will allow other members to provide their feedback about your property.
Apecoin vs. Decentraland, which is a better investment for this year?
Indeed, the crypto industry always works on comparison. There were always comparisons of Bitcoin vs. Ethereum. Or coming to next-generation should it be polka or Dogecoin.
Likewise, the analysis comes on whether you should buy Apecoin or Decentraland.
From an investment point of view, both the tokens provide better returns. The market drop and fluctuation is an alarming factor in the decision-making process.
Both these tokens own high potential performance in the market. Once the market recovers from the current crisis these two tokens will outperform.
But, if you are looking at an investment with comparative gains, then Apecoin can be the best choice. The utility factors are much higher compared to Decentraland. The BAYC club will work towards promoting this token in the marketplace. Its ecosystem will continue to grow and expand its market presence. Also, Apecoin is working on various other milestones and project initiatives. These steps will help Apecoin take a better position in the market.
Also, it is worth noting that the crypto market works on hype and other external factors. Hence, understand the best bet before making your investment.