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As August is gradually coming to an end, we have listed below the cryptocurrencies that are the best investment for the month. See below:
The Axie Infinity blockchain game uses its cryptocurrency, AXS. In this P2E (play-to-earn) game, you raise and develop digital monsters. These NFT characters battle for AXS awards, which may be used to level up the characters’ monsters or traded for fiat currency on cryptocurrency exchanges.
Tokens for the SLP may be earned by playing the Axie Infinity game and used in conjunction with the AXS governance token to breed new Axies. In 2021, when NFT monsters were at the height of their popularity, Axie’s collection was the most valuable in the world.
The developers have revealed their intention to work on a new, improved edition of the game. This updated version has the regular cast as well as refined gameplay, a new free-to-enter mode, and other enhancements. Given the costs associated with assembling a team and getting started, this may save users dozens, if not hundreds of dollars.
Considering the rapid expansion of the Axie ecosystem, analysts predict that AXS will be one of the top 3 utility tokens in terms of price appreciation in 2022.
The Decentraland metaverse operates on the MANA utility coin. One of the first metaverses was called Decentraland. It’s a 3D setting where people may purchase parcels of land to develop into commercial enterprises like stores, museums, and other forms of online entertainment.
Over time, people have made many different kinds of experiences on the LAND that is accessible to them. Games, virtual conversations, and expansive 3D environments are just some of the experiences on offer. Additionally, LAND and MANA are two play-to-earn cryptocurrencies available on the network.
Similar to the way choices are made in the real world, Decentraland’s government is run by a DAO. The holders of the MANA currency decide how the Decentraland economy functions.
Investors in MANA have a voice in the direction of the platform, from voting on policy changes to determining the sorts of content that may be hosted in the metaverse and the finer points of LAND auctions. In addition, MANA tokens may be used in the Decentraland marketplace to purchase virtual goods or to sell the stuff you’ve made.
Binance is the biggest cryptocurrency exchange in the world, and Binance Coin (BNB) is the company’s utility token. Binance Coin holders are eligible for discounts on crypto staking and a 25% trading discount on Binance’s cryptocurrency exchange.
Binance, with its 80 million users and 600+ crypto for sale, is competitive with leading broker eToro when it comes to finding the most undervalued coin. Having some BNB on hand undoubtedly facilitates trading on the market. However, many people only purchase BNB to invest.
The greatest time to buy in BNB is now since analysts see strong growth through 2022 and beyond.
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