3 Cryptocurrencies That Should Be On Your Watchlist In 2022: Helium, XDC Network, And Adirize DAO

Imagine a scenario where you own an asset. You go to sleep, safe in the knowledge that there is a considerable monetary value attached to that asset. However, when you wake up the next morning, you discover that your asset is now worth only a fraction of what it was when you went to bed.

This is the crisis that many cryptocurrency users are facing currently. The crypto crash of 2022 has completely altered the landscape of the market. To learn more about the situation, we will study a few cryptocurrencies and see what impact the crash has had on them.

Helium (HNT) - End To End Encryption

Helium (HNT) ranks at number 44 with a token price of $9.08 and a market capitalization of $2 billion. Both of these values have fallen just 0.7% in the last 24 hours. During the same period, the volume of tokens traded between users is 8.79 million, a sharp decline of 28.4%. The crypto crash has adversely affected HNT.

Beyond the numbers, Helium is a decentralized blockchain-based network for Internet of Things (IoT) devices. HNT was released in 2019, and the Helium mainnet uses low-powered wireless devices for communication across its network of nodes.

Another name for these nodes is Hotspots, which combines a wireless gateway with a blockchain mining device. Users operate these hotspots to earn rewards that they receive in the form of HNT, the native token. Ultimately, the objective of the developers of Helium (HNT) is to amplify IoT communication in the future and improve its infrastructure in the process.

XDC Network (XDC) - A Highly Secure Network

XDC Network (XDC) manages to crack the top 100, coming in at 93rd place. XDC has a market cap of 911 million dollars and a token price of 0.024. Both these values have increased by 0.9% in the last day. In the same time frame, the tokens traded stand at 4.35 million, a significant drop of 14.4%.

Once known as XinFin Network, XDC Network is an enterprise-grade, Ethereum Virtual Machine (EVM) compatible, hybrid blockchain platform. XDC is equipped with public and private states and interoperable smart contracts.

XDC Network (XDC) is a highly optimized, bespoke branch of Ethereum and J.P. Morgan's Quorum. The system can reach a consensus via its delegated proof-of-stake (dPos) protocol. The mechanism facilitates transactions in 2 seconds with virtually non-existent gas fees.

Adirize DAO (ADI) - Governance For You

The volatility of cryptocurrencies is well-documented. The highly-publicized crypto crash is evidence of that. To solve this issue, US dollar-pegged stablecoins were introduced. It is believed that they contain consistent purchasing power. However, stablecoins are connected to the United States dollar, when the currency depreciates, so do stablecoins.

Adirize DAO (ADI) can solve this predicament. ADI is a free-floating reserve money platform supported by a basket of assets. The makers of ADI are hoping to focus on supply expansion, as opposed to price appreciation in a bid to maintain ADI's purchasing power.

ADI is not a semi-centralized stable coin like the USDT and USDC. ADI is a decentralized algorithmic reserve currency, which offers users a free-floating valuation they can rely on. This is possible because of ADI's fractional reserves that provide its inherent value.

Some of the attributes of Adirize DAO (ADI) include a protocol-owned liquidity (POL) system, bond mechanism, staking rewards, and protocol-regulated treasury. These features are designed to monitor supply expansion effectively.

The protocol generates money from bond sales, and the treasury uses the print to mint ADI and disseminate it to stakers. The protocol is also able to gather liquidity through liquidity bonds.

Conclusion

Despite the crypto crash, new cryptocurrencies are released daily. For instance, more than 100 new cryptos have been launched in the last week. Although the numbers of Helium (HNT) and XDC Network (XDC) are down, there is hope that the market will rebound.

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