Q4 2022 Top Picks at the Cryptocurrency Market: Ethereum, Chainlink, and MagniSwap
As the year tails to an end, making smart crypto choices becomes super crucial. Q4 2022 opens up and offers a fresh opportunity to recoup losses suffered from the crypto collapse. This is why you should consider Ethereum (ETH), Chainlink (LINK), and MagniSwap (MAGNI), as they have demonstrated strong potential to create wealth for users.
Let’s take a look at all three and what they offer.
Ethereum (ETH)
Ethereum (ETH) is the second largest cryptocurrency in the world. It is a decentralized, open-source blockchain protocol with smart contract technology, having Ether (ETH) as its native cryptocurrency. Ethereum (ETH) boasts a market capitalization of over $218 billion in the vast cryptocurrency markets. Ethereum (ETH) remains a top choice cryptocurrency hosting thousands of DeFi apps, marketplaces, and metaverse projects while offering high-grade security infrastructure to new crypto projects.
As 2022 is a generally bearish season, ETH has not been able to achieve much of its projections for the year. Presently, there is serious competition from rivals like Solana (SOL), which recently edged it out in terms of NFT projects, and Cardano (ADA), offering less costly, faster, and more scalable blockchain functionalities. However, analysts have suggested that Ethereum (ETH) may go bullish with time, and if you’ve been around for quite a while, you’ll agree that the biggest gain in Ethereum often comes from investing for the long term.
Chainlink (LINK)
Founded by Steve Ellis and Sergey Nazarov in 2017, Chainlink is a decentralized oracle platform built on Ethereum. It’s typically intended to facilitate the transfer of a variety of external sources of data from off-chain sources to on-chain smart contracts.
Chainlink launched its native token, LINK, in 2017 with a price under 20 cents. LINK is an ERC677 token, an extension of ERC20, and it’s similar to BTC and ETH as it’s meant to facilitate finance for the project’s growth (i.e., it acts as an incentive for crypto users to mine). The trade values generated from LINK are usually used as payment for node operators to retrieve data from smart contracts and deposits.
According to a report by the Bank of America, LINK was ranked the 22nd largest cryptocurrency as of early February, and it continues to expand nonstop. LINK currently has a cryptocurrency market cap of over $3 billion, and it sells at $6.59.
Magniswap (MAGNI)
Magni token was founded in 2022 as the native token of Magniswap and a BEP-20 token launched on the BNB smart chain. It seeks to build out an energetic, diverse, and exceptional community by allowing access to utilities such as swapping, staking, farming, and so on. Due to its presence on the BNB smart chain, transactions on Magniswap will come at a much lower cost compared to Ethereum (ETH), thereby creating a low entry barrier that attracts more users to its community.
The goal of Magniswap is to power the Magniswap community in cryptocurrency markets by agreeing on a common goal fueled by trust. Magniswap offers swapping through the Magniswap (Magni) to catalyze its smart contracts to implement automated market makers (AMM) with liquidity. The goal here is to allow users to swap any cryptocurrency with a Magni token at the cheapest possible fee while also providing protection from severe price shifts or market volatility.
If you’re looking to boost your crypto portfolio and earn from a steady stream, you should totally jump on the yield farming opportunities offered by Magniswap. Under this arrangement, holders opt to participate in single or dual-token farming pools, and the farming pool gets to determine the tokens and the amount you will need to start farming in your preferred pool. With this, you get to yield in $MAGNI token, the yield from the liquidity pool you’re participating in, and not to mention yield from the appreciation/depreciation or value shifts of the $MAGNI token. Usually, the reward on yield farming is per block basis, and this is typically generated from calculating the annual percentage yield (APY) against the amount staked.
Magniswap’s staking solution is based on the proof-of-stake (PoS) consensus system that serves the blockchain network in terms of security and scalability and rewards its users. As such, you’re both contributing to the growth of the MagniSwap token, validating transactions and blocks and getting rewarded for it. Stakers can claim their rewards periodically or automatically, depending on what they choose.
Magniswap (Magni) presale is on, and this offers you a chance to earn massive profit and recoup all the losses suffered at the crypto collapse. Purchase your presale here.
Bonus
An 8% bonus awaits you when you purchase MagniSwap during the first stage of its presale. Also, when you invite your friend, and they invest up to $150 on MagniSwap, you two get a bonus of $35 each. You don’t want to miss out on this one!
To learn more about MagniSwap, please follow this link.
The post Q4 2022 Top Picks at the Cryptocurrency Market: Ethereum, Chainlink, and MagniSwap appeared first on Analytics Insight.
As the year tails to an end, making smart crypto choices becomes super crucial. Q4 2022 opens up and offers a fresh opportunity to recoup losses suffered from the crypto collapse. This is why you should consider Ethereum (ETH), Chainlink (LINK), and MagniSwap (MAGNI), as they have demonstrated strong potential to create wealth for users.
Let’s take a look at all three and what they offer.
Ethereum (ETH)
Ethereum (ETH) is the second largest cryptocurrency in the world. It is a decentralized, open-source blockchain protocol with smart contract technology, having Ether (ETH) as its native cryptocurrency. Ethereum (ETH) boasts a market capitalization of over $218 billion in the vast cryptocurrency markets. Ethereum (ETH) remains a top choice cryptocurrency hosting thousands of DeFi apps, marketplaces, and metaverse projects while offering high-grade security infrastructure to new crypto projects.
As 2022 is a generally bearish season, ETH has not been able to achieve much of its projections for the year. Presently, there is serious competition from rivals like Solana (SOL), which recently edged it out in terms of NFT projects, and Cardano (ADA), offering less costly, faster, and more scalable blockchain functionalities. However, analysts have suggested that Ethereum (ETH) may go bullish with time, and if you’ve been around for quite a while, you’ll agree that the biggest gain in Ethereum often comes from investing for the long term.
Chainlink (LINK)
Founded by Steve Ellis and Sergey Nazarov in 2017, Chainlink is a decentralized oracle platform built on Ethereum. It’s typically intended to facilitate the transfer of a variety of external sources of data from off-chain sources to on-chain smart contracts.
Chainlink launched its native token, LINK, in 2017 with a price under 20 cents. LINK is an ERC677 token, an extension of ERC20, and it’s similar to BTC and ETH as it’s meant to facilitate finance for the project’s growth (i.e., it acts as an incentive for crypto users to mine). The trade values generated from LINK are usually used as payment for node operators to retrieve data from smart contracts and deposits.
According to a report by the Bank of America, LINK was ranked the 22nd largest cryptocurrency as of early February, and it continues to expand nonstop. LINK currently has a cryptocurrency market cap of over $3 billion, and it sells at $6.59.
Magniswap (MAGNI)
Magni token was founded in 2022 as the native token of Magniswap and a BEP-20 token launched on the BNB smart chain. It seeks to build out an energetic, diverse, and exceptional community by allowing access to utilities such as swapping, staking, farming, and so on. Due to its presence on the BNB smart chain, transactions on Magniswap will come at a much lower cost compared to Ethereum (ETH), thereby creating a low entry barrier that attracts more users to its community.
The goal of Magniswap is to power the Magniswap community in cryptocurrency markets by agreeing on a common goal fueled by trust. Magniswap offers swapping through the Magniswap (Magni) to catalyze its smart contracts to implement automated market makers (AMM) with liquidity. The goal here is to allow users to swap any cryptocurrency with a Magni token at the cheapest possible fee while also providing protection from severe price shifts or market volatility.
If you’re looking to boost your crypto portfolio and earn from a steady stream, you should totally jump on the yield farming opportunities offered by Magniswap. Under this arrangement, holders opt to participate in single or dual-token farming pools, and the farming pool gets to determine the tokens and the amount you will need to start farming in your preferred pool. With this, you get to yield in $MAGNI token, the yield from the liquidity pool you’re participating in, and not to mention yield from the appreciation/depreciation or value shifts of the $MAGNI token. Usually, the reward on yield farming is per block basis, and this is typically generated from calculating the annual percentage yield (APY) against the amount staked.
Magniswap’s staking solution is based on the proof-of-stake (PoS) consensus system that serves the blockchain network in terms of security and scalability and rewards its users. As such, you’re both contributing to the growth of the MagniSwap token, validating transactions and blocks and getting rewarded for it. Stakers can claim their rewards periodically or automatically, depending on what they choose.
Magniswap (Magni) presale is on, and this offers you a chance to earn massive profit and recoup all the losses suffered at the crypto collapse. Purchase your presale here.
Bonus
An 8% bonus awaits you when you purchase MagniSwap during the first stage of its presale. Also, when you invite your friend, and they invest up to $150 on MagniSwap, you two get a bonus of $35 each. You don’t want to miss out on this one!
To learn more about MagniSwap, please follow this link.
The post Q4 2022 Top Picks at the Cryptocurrency Market: Ethereum, Chainlink, and MagniSwap appeared first on Analytics Insight.
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.