4 Special Tokens To Add To Your Portfolio This Christmas - Our Picks
ENJ - Top cryptocurrency to buy this holiday season
CHZ - Unique crypto set to rally in December
MATIC - One of the hottest digital assets out there
LTC - Top BTC alternative in the market
A Closer Look At The 4 Special Tokens To Add To Your Portfolio This Christmas
Enjin Coin (ENJ)
Enjin (ENJ) is a decentralized ecosystem designed to streamline the integration of enterprise blockchain technologies. Due to its structure and features, devs refer to the network as a PaaS (Platform-as-a-Service). Notably, Enjin enables businesses to leverage blockchain infrastructure without writing any blockchain-related code.
Enjin enables anyone to trade, monetize, and market using blockchain-based strategies by eliminating the technical and financial barriers associated with these tasks.
Enjin is a unique metaverse project. Unlike the others on this list, it does not comprise a virtual world filled with gameplay features. Instead, Enjin offers a platform where creators can make NFTs easily, which they can use in blockchain-based metaverse games.
The Enjin software development kit (SDK) ensures that Ethereum-based NFTs can be minted by creators of all experience levels, leading to over 1.1 billion digital assets created using Enjin’s system.
One of the most appealing factors of using Enjin to create NFTs is it ensures a reliable degree of liquidity. This means that creators who produce NFTs with Enjin, such as digital art, in-game items, or virtual real estate, can always ‘melt’ their NFT in return for ENJ – Enjin’s native token.
Enjin is positioned to capture the growing NFT momentum in the market, especially during the holiday season. In-game blockchain assets provide an undeniable advantage to gamers and developers, making ENJ one of the top 4 cryptos to add to your portfolio this Christmas.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chiliz (CHZ)
Chiliz exchange is a crypto platform that allows users to purchase and sell Socios.com-issued Fan Tokens. It is the first crypto exchange in the world that tokenizes sports and entertainment. This allows many crypto enthusiasts and fans to sell, trade, and purchase Fan Tokens of the biggest stars in the entertainment and sporting sector.
The Fan Tokens on the Chiliz Exchange are paired against the platform’s native token, CHZ. The token scored high on the news with the possibility of moving into its own blockchain. This move, if successful, will reduce the transaction cost significantly on the network while also improving utility.
Many sports and crypto enthusiasts can utilize CHZ to purchase their favorite teams’ tokens while accessing exclusive community experiences and products.
For instance, fans can meet their favorite sports heroes or even vote on the team. The Chiliz network has already amassed about 120 partnerships with various sports teams, with the token available on many well-known crypto exchanges.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
MATIC is an excellent blockchain that removes the difficulties of a decentralized ecosystem while providing cheaper, faster, safer, and more reliable transactions. It was released following the publication of a whitepaper on the plasma framework by Joseph Poon and Vitalik.
MATIC Network evolved into Polygon, Ethereum’s Internet of Blockchains. The existing MATIC solution remains functional and essential, and the MATIC token remains significant for securing and controlling the Ethereum network.
The network describes itself as a layer-two scaling solution. Its unique transaction fulfillment technology allows up to 65,000 transactions per second on each side chain. Furthermore, the system uses proof-of-stake checkpoints that could, in the future, allow millions of transactions on the blockchain. In addition, Polygon’s side chains have been designed to support decentralized finance protocols within the Ethereum ecosystem.
Polygon experienced incredible gains in 2021, increasing 13,000%, from less than 2 cents to $2.68, between January and May of that year. After a brief stumble, Polygon rose again, hitting an all-time high of $2.8768 in December 2021. The coin is likely to repeat its price rally this holiday season, making it one of the top tokens to add to your portfolio this Christmas.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Litecoin (LTC)
Litecoin is one of the most valuable cryptos in the industry and a prime candidate to buy on the dip. It was created through a fork in the Bitcoin blockchain and is one of the oldest cryptos in the market. Unfortunately, after recording notable gains, it has stumbled quite a bit this year. In the past weeks, though, LTC has shown signs of a rebound, which indicates a reversal of its fortunes.
Litecoin was one of the earliest cryptocurrencies to enter the market. Consequently, it remains one of the largest coins in the sector by market capitalization. Users can find this popular coin on nearly every crypto exchange. Also, it is one of the most widely accepted cryptocurrencies in the world. You can use LTC to purchase goods and services or even invest in other crypto projects as they emerge.
Many traders view Litecoin as a more sustainable option within the market. Their views are not without reason. For one, it often experiences less volatility than Bitcoin. Also, the development team behind this project is a bit more advantageous than that of Bitcoin. Specifically, the developers have proven their desire to remain technologically ahead of the competition time and time again.
Similar to BTC, LTC is open-sourced and highly decentralized. It is also quicker than BTC, as it takes only 2.5 minutes per transaction rather than nine minutes. Its transactions are also at least 40% cheaper than Bitcoin. However, maintaining its market share and brand equity has been an uphill battle. But, LTC does have a long-term case due to its unique features and value to its users, making it one of the top tokens to add to your portfolio this Christmas.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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