IMOV is the first-ever crypto-backed fitness app that comes with inbuilt Game-Fi and Social-Fi elements. The application dedicated to people of all ages and abilities caught the eyes of investors as well, thanks to its compelling vision. Its threefold goal is to encourage millions to lead healthier lifestyles, connect users to Web3, and combat climate change.
The token went on a massive upturn stepping into August, recording an all-time high of $0.07313. The surge rewarded early investors lucratively. If you’re looking for other emerging tokens that can give you generous returns this year, here are our top suggestions.
Top tokens to invest in 2022
Battle Infinity (IBAT) – The overall best new cryptocurrency of 2022
Earthling – Crypto project with a social mission
RACEFI – NFT gaming revved up
3 best tokens to invest in 2022: Reviewed
IMOV has excellent use cases (present and upcoming), which justify its popularity. However, we believe that these three tokens can be bigger. Let’s see why.
Battle Infinity (IBAT) – The overall best cryptocurrency of 2022
The first project we introduce to you is Battle Infinity. IBAT serves as the native cryptocurrency of the Battle Infinity ecosystem. If you keep tabs on the crypto market, you must have learned about the meteoric presale recorded by IBAT a few days back. Battle Infinity sold out the 90-day presale 66 days early, capturing wide attention from across crypto publications and communities.
While 16,500 BNB worth over $5M was raised in total, the second half sold out in less than 24 hours. Clearly, both whales and retail investors are onto the project. It is also interesting to note that the project has built a thriving community on Twitter and Telegram less than a month into its launch.
What’s the big deal?
Battle Infinity is a play-to-earn fantasy gaming platform with a metaverse vision. As you know, the fantasy sports market is huge. The market is predicted to hit $48.6 billion by 2027, recording a CAGR of 13.9% from 2021 to 2027. Battle Infinity bets big on fantasy sports with metaverse, crypto, and play-to-earn integrations. The metaverse is growing bigger than fantasy sports, of course. A new report from McKinsey & Co predicts that the metaverse could reach up to $5 trillion by 2030. So it comes as no surprise that Battle Infinity’s goal to create an immersive fantasy sports gaming world has resonated with investors.
Battle Infinity hosts fierce video games which players can monetize using their gaming skills. The rewards are paid in IBAT tokens. However, Battle Infinity doesn’t plan on confining its scope to gaming. You can meet other players, attend events, and experience the immersive virtual space in the Battle Infinity metaverse. The ecosystem also features NFT, DeFi, and P2E elements to introduce diverse streams of income.
IBAT Battle Swap
Decentralized exchange (DEX) where IBAT tokens are traded for other cryptocurrencies. It’s connected to other platforms in the Battle Infinity ecosystem.
IBAT Battle Market
Marketplace for BEP721 in-game assets like characters, weapons, etc.
IBAT Battle Arena
Immersive metaverse open to NFT holders. It is designed to be a venue for games, concerts, parties, and more.
IBAT Premier League
Metaverse NFT-based fantasy sports game.
IBAT Battle Staking
Stake your idle Battle Infinity assets in exchange for attractive APY.
IBAT Battle Games
Multiplayer game store where you can join diverse NFT-based P2E games.
Battle Infinity has some exciting milestones underway including Battle Swap testnet launch, Battle Swap mainnet launch, Battle Infinity DApp Alpha release (Google Play Store), and merchandise store launch. We expect IBAT to gain value as the project crosses new development goals. A prediction of 100X returns in a year is not far-fetched if the roadmap unfolds as planned.
You can now buy IBAT on PancakeSwap. The token is scheduled for launch on other tier-1 crypto exchanges in the coming phases.
VISIT BATTLE INFINITY
Earthling (ETLG) – Crypto project with a social mission
Cryptocurrencies and NFTs are often criticized for their inefficient use of energy and environmental impact. New blockchains are addressing these issues using energy-efficient consensus mechanisms. While that is admirable, a new crypto project is on the mission to make it easy for everyone to act on climate change. It aims to become the largest Web3 on-chain carbon offset marketplace. The idea is big, with huge potential to draw attention from across crypto and non-crypto communities in the coming months.
The project, titled Earthling makes this possible with three products. The first of these is the $ETLG token, which is used for transactions. It also serves as the governance token of the ecosystem. According to the website, buying Earthling tokens contributes to saving planet earth, as the project supports initiatives that fight climate change and ecological collapse. It empowers individuals, families and businesses to remove carbon, restore nature and become carbon-neutral.
The next product from Earthling is Carbon Token, an asset backed by Carbon credit. A Carbon token equals one carbon credit. It doubles as a digital certificate that lets you emit 1 tonne of CO2. The concept has massive potential as companies are increasingly looking for ways to meet their carbon offsetting goals.
The project also introduces Earthling DAO, a place where the community submits proposals and votes for the allocation of funds to relevant programs. Earthling’s goal to raise awareness around increasing carbon use and ways to reduce it is impressive. If the project succeeds in delivering its promises, it will be one of the best tokens to record massive growth this year.
RACEFI – NFT gaming revved up
The third-best crypto project we recommend to you is RACEFI, a play-to-earn car racing game where players and participants own parts of the game. It is also the first AI/ML integrated car racing game on Solana. Interestingly, the platform launches parts of the game as verifiably owned NFTs.
RaceFi metaverse introduces three game modes that you can participate depending on your expertise and initial investment. The races on RaceFi can be primarily divided into two — Pure Race and Battle Race. Pure Race is again divided into two — PvP and PvE. In PvE mode, you can directly drive and control the car. On the other hand, PvP mode gives you the option to customize your statistics. The results are then determined by the AI system. Battle Race allows you to upgrade your cars with battle features such as guns and shields.
Another interesting aspect is that there will be no time or distance limit on RaceFi. Racers will compete until there is one left. You can also race for free up to two times on the platform, bringing down the initial investment requirements.
$RACEFI is the native token of the ecosystem. It is used for all in-game activities. For example, you need to buy gas to race your cars in $RACEFI tokens. The gas money collected in a race goes to the reward pool, which is split among the top three winners. The utility of $RACEFI is expected to diversify as the platform grows. The gripping gaming mechanics will attract a large number of users to RACEFI in the coming days, in turn triggering an upturn for the token.
Hype is short-living. We always recommend looking beyond the market sentiments and investing in projects that have long-term visions that are likely to gain momentum. We introduced you to three projects that fit these criteria. Battle Infinity, Earthling, and RaceFi stand apart from the crowded market with their focus on use cases and sustainable growth.
Battle Infinity, in particular, has a vast ecosystem that can bring massive returns to early-stage investors in the coming months. The token is currently available for purchase on PancakeSwap.
A few hours after the lawsuit was filed, DGTX dropped 12% to a value of zero.
In October of 2018, DGTX hit a record high price of $0.16.
Digitex’s founder, Adam Todd, has been sued by the CFTC for allegedly operating an unlicensed exchange for crypto derivatives.
The CFTC claims that Digitex has “never been registered with the Commission in any capacity.” As part of its action against the corporation filed on Friday in the Southern District of Florida. The regulator also claimed that KYC processes and a customer information program (CIP) were inadequate.
Artificial Price Inflation
The commission also claims that Miami resident Todd pumped the exchange’s native token, DGTX, to other platforms. In an effort to artificially inflate its price.
CoinGecko reports that only a few hours after the lawsuit was filed, DGTX dropped 12% to a value of zero. In October of 2018, DGTX hit a record high price of $0.16. In April of this year, the token’s market cap hit a record high of $116,803,772.
DGTX was reportedly being traded on the DeFi cryptocurrency market Uniswap. And the India-based cryptocurrency trading platform CoinDCX, as indexed by CoinGecko.
The CFTC this Friday settled charges against the founders of bZerox and the bZx protocol for $250,000, citing “illegally offered leveraged and margin retail commodity transactions in digital assets.” Ooki DAO, which assumed administration of the bZx protocol in August 2021, was also hit with similar accusations by the CFTC.
CFTC Chairman Rostin Behnam, meantime, has made no secret of his opinion that Bitcoin would improve under the watchful eye of the commission. On Thursday, he predicted that Bitcoin’s value would “double” if it were traded in a CFTC-regulated market, arguing that the absence of such a market is the main reason many institutional investors have avoided including Bitcoin in their portfolios.
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The Rugby League World Cup (RLWC) 2021 is set to kick off with a match between England and Samoa men on 15 October at St James Park and conclude in Manchester with the wheelchair final on 18 November and the men’s and women’s finals in a spectacular double header at Old Trafford on 19 November.
For the first time in tournament history the men’s, women’s and wheelchair competitions will take place at the same time with all 61 matches set to be broadcast live on the BBC, with over 600 players and 32 teams taking part in fixtures across 17 host towns and cities and 21 stadiums across the country including London, Manchester, Newcastle, York, Leeds, Coventry, and Sheffield.
This year’s tournament, delayed from 2021 to 2022 due to the Covid-19 pandemic, will be the 16th edition of the Rugby League World Cup and world-renowned crypto exchange Coinex will be cheering on all the teams as the Exclusive Cryptocurrency Trading Platform partner of the tournament
Cryptocurrencies are playing an increased role in the sports industry and CoinEx are committed to making crypto trading easier, striving to become a gateway for global crypto users providing easy-to-use crypto products and pleasant, convenient crypto trading experiences.
Available in 16 languages, including Chinese, English, Spanish, French, and Portuguese, CoinEx offers products and services that span spot trading, futures contracts, margin trading, mining, AMM, CoinEx Dock, Pledging, etc. The exchange provides easy-to-use, secure, and reliable crypto trading services for over 3 million users across more than 200 countries and regions. Additionally, it features trading sections for BTC, BCH, and stablecoins, as well as 600+ first-rate, innovative cryptos, providing crypto users with more trading options.
Over the last year, CoinEx has earned user recognition with easy-to-use products, fast, stable performance, and smooth deposits/withdrawals.
CoinEx is now looking forward to witnessing the extraordinary performances of the competitors at RLWC2021 and being part of the biggest, best and most inclusive Rugby League World Cup in history.
President Benitez vetoed the bill, saying that mining is a waste of energy.
Paraguay may gain “new forms of employment,” as per Congressman Daniel Rojas.
Paraguayan legislators overrode the president’s veto this week on a key Bitcoin mining regulatory measure. On Wednesday, 33 senators voted against President Mario Abdo Benitez’s rejection of the law. To regulate Bitcoin mining in the South American nation.
Paraguay’s legislature passed a measure in July that will provide a transparent tax and regulatory structure for the mining industry. Then President Benitez vetoed it, saying that mining is a waste of energy with little job creation advantages.
Senators Offer Support to Bill
However, the decision this week demonstrates that senators are determined to regulate the sector. Which works illegally in the Latin American country now. Sen. Enrique Salyn Buzarquis, quoted in a press release from the country’s Congress, stated that it was “better to formalize” the sector so that taxes could be collected.
Paraguay may gain “new forms of employment,” according to Congressman Daniel Rojas. If the country established rules for the cryptocurrency business. Paraguay is becoming more appealing to Bitcoin miners, in large part owing to its inexpensive power, and lawmakers believe it has the potential to become a crypto powerhouse.
Bitcoin mining, the process of adding and confirming blocks of transactions to the public blockchain of the asset in question, is often performed on an industrial scale and hence requires a large number of computers, not to mention a substantial amount of power.
Paraguay is attracting interest from major crypto businesses that want to open offices there. Bitfarms, a Canadian mining behemoth, announced expansion into the nation last year, and the company has since signed a five-year lease and an annual renewable power purchase agreement to ensure 10 MW of green hydropower. The next phase for this legislation is the Chamber of Deputies of Paraguay.
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Shiba Eternity download day postponed to October 6, 2022.
Following the “Shiba Eternity” collectible card game update, which is an anticipated Shiba Inu (SHIB) burning mechanism, the SHIB burn rate has surged by 1867.60%. Meanwhile, the Shiba community postponed the game’s download day and rescheduled it on October 6 instead of October 1.
Shiba Inu is one of the popular memecoin while having a lower market capitalization than DOGE, but it is well ahead in terms of development. The feature to burn SHIB was introduced earlier this year. Data from the monitoring site Shibburn shows that the burn rate surged by around 4,000% in the previous week.
Continue Surge of SHIB Burn Rate
In September, the Shiba community burned about $1,743,878,414 SHIB using the SHIB Burn Portal by 382 transactions, and 410,381,404,462,435 SHIB have been burned from its initial supply. According to data from the Shibburn website, Within 24 hours $267 million SHIB has burned and there have been nine burn transactions to dead wallets.
Shiba Eternity was first made available on September 17 in Australia. Shiba Inu rose roughly 7% on September 17 and 18. However, recent details on the game’s launch may boost excitement. Moreover, there is no significant change in the SHIB price. At the time of writing, Shiba Inu traded at $0.000011 with a 24-hour trading volume of $280,760,792 and SHIB has a market cap of $6 billion, as per CoinMaretCap.
Musk asserted that current humanoid robots are missing a brain.
According to Musk, Tesla should achieve full self-driving this year.
Elon Musk, the CEO of Tesla , demonstrated a prototype of its humanoid robot Optimus on Friday and forecast that the electric vehicle manufacturer would be able to produce millions of them and sell them for about $20,000.
Musk acknowledged that Optimus still needs a lot of work to be improved upon and validated at Tesla’s AI Day event, which was held at the company’s Palo Alto headquarters. On Friday, Tesla displayed a video of a prototype model performing simple duties at a production station at the company’s California plant, including watering plants, moving boxes, and lifting metal bars. Tesla said that the model was developed in February.
Existing Humanoid Robots Are Brainless
He claimed that current humanoid robots are missing a brain and the capacity to come up with solutions on their own. He asserted that Tesla would strive to build millions of Optimus, a highly capable robot, instead. He stated that he thought it would only cost around $20,000. Musk and Tesla officials agreed that a lot of work remained to be done to build a low-cost, mass-produced robot employing Tesla-designed technologies that may take the place of humans in the workplace.
At the occasion, Tesla also spoke about its long-delayed self-driving technology. Auto self-driving software developers explained how they trained software to decide when to merge into traffic, among other tasks, and how they sped up the computer decision-making process. According to Musk, Tesla should accomplish fully self-driving this year and mass-produce a robotaxi without a steering wheel or pedal by 2024.
Solana is currently in a network outage and is unable to process transactions.
Anatoly Yakovenko recently stated that the network disruptions were Solana’s “curse”.
Solana, the leading blockchain platform again suffers from a network outage. According to the recent tweet from the Solana team, the network is experiencing an outage and is unable to process transactions. Currently, the ecosystem’s developers are attempting to identify the problem and restart the network, as per the Solana team.
Solana is well-known for its frequent network failures.
Solana’s Continuous Shutdown
Due to its continuous Network outages of Solana, the platform’s co-founder, Anatoly Yakovenko recently expressed that the network disruptions were Solana’s “curse”. Its outages are caused by the network’s low-cost transactions.
That’s been, I guess, our curse, but it’s because the network is so cheap and fast that there are enough users and applications that are driving that.
According to the Solana co-founder, the disruptions have restricted its customers from using the network and the network itself has not been affected. He additionally claimed that every blockchain is constructed uniquely and has its failure case.
The previous network failure occurred in June, the platform suffered from a sudden shutdown for four hours and ten minutes. At that time, Solana’s native token, SOL, witnessed a sudden price fall of more than 12%.
There is no primary reason for the numerous disruptions this year. The two outages in April and May were caused by “stalled consensus,” while the June outage was caused by a runtime bug that allowed a failed transaction to be executed twice.
Moreover, Solana (SOL) is currently trading at around $32.95 with a one-day trading volume of $1,140,485,029. SOL has decreased by nearly 3.32% in the last 24 hours, as per CMC.