The market might be down, but you would be mistaken to think there are no opportunities available to make a profit. Even during extended bear markets, there are always pockets of the industry that see growth.
The only problem is finding these little pockets to put your money in.Well, we’ve done some digging and found the hottest cryptocurrencies for you. These tokens are expected to continue to trend through 2022 and further into the year. The Hottest Cryptocurrencies Right Now
> My Freedom Coin – An all-in-one DeFi platform that minimizes negative volatility.
Solana – A high throughput network that released the first blockchain smartphone.
ApeCoin – The coin behind the hottest trending NFT collection.
Stepn – A move-to-earn lifestyle app that pays people to exercise.
Uniswap – A decentralized exchange service that is about to introduce NFTs.
A Closer Look at the Top Trending Tokens in 2022
1. My Freedom Coin
My Freedom Coin is one of the hottest cryptocurrencies right now due to its unique crashproof economic model.
The project is an all-in-one DeFi platform that consists of an exchange, a wallet, and a bank. Users can buy MFC tokens, store them in the wallet, and take out stablecoin loans from the treasury through the platform.
The system has a “Floor Price,” which prevents the token’s price from slipping beneath that value. The Floor Price is maintained by all of the assets in the BUSD Treasury, which is filled up through consecutive higher token offerings until all 7 billion tokens are released.
The assets inside the BUSD Treasury will always be available to buy every MFC token in circulation at the current Floor Price, regardless of the overall market condition.
The floor price can be calculated using the following formula; The great thing about My Freedom Coin is that all platform usage contributes directly to the constant evaluation of the coin. Actions on the platform are charged fees in MFC, which are removed from circulation, helping the Floor Price to rise.
A 0.5% MFC fee is removed from circulation each time users send a P2P MFC transaction on the network. In addition, every time a trade is made on the My Freedom Exchange, there is a 2% fee. The fee charged to the buyer is in MFC, which is automatically removed from circulation.
Users must pay a Trading License fee to access the My Freedom Exchange. Currently, the fee is set at $0 and will increase by $5 for every new 10,000 users until it reaches $50 at 100,000 users.
Furthermore, users can deposit MFC as collateral to take out stablecoin loans from the BUSD Treasury. The loan is charged a 0.98% monthly interest rate in MFC, which is removed from circulation.
Taking things further, there is absolutely zero chance that your loan will ever be liquidated. The loan is priced at the current Floor Price, and because the price of MFC will never sink beneath that value, there will never be a situation where your collateral is at risk. This is a unique feature of MFC that no other DeFi platform can offer.
All of these factors, alongside the consecutive higher token offerings, create an economic model where the price has an absolute floor level that it will never sink beneath – making it the only crashproof asset in existence.To learn more about MFC, visit their Twitter and join the conversation on Discord .My Freedom Coin is available on both iOS and Android. It is an invite-only community, but you can use the following QR code to gain access;CODE: ABXNMMXPHNOverall, with the broader market tanking, it is no surprise that MFC is starting to trend as it protects holders against negative market volatility. 2. Solana Launched in 2017, Solana was created to scale for global adoption. It is a proof-of-stake blockchain that boasts some of the highest throughputs in the industry. For example, Bitcoin can handle seven transactions per second (TPS), and Ethereum is capable of twenty-one TPS. In comparison, Solana has a theoretical max throughput of 65,000 TPS.Solana is one of the hottest cryptocurrencies right now after Solana Labs revealed a new blockchain-powered Android smartphone called Saga and a mobile platform called Solana Mobile Stack.The smartphone is a powerful device that boasts a 6.67” OLED display and is made of stainless steel and titanium. As it is a blockchain-powered phone, the team included something they called “Secure Element” for private key management on the device.The Solana Mobile Stack provides tools for developing native Android apps, games, and dApps.Solana designed the device and the software kit […]
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