Ethereum, Solana, BNB Coin, besides being the biggest blockchain giants in the market, they have ecosystems around smart money. Less known projects like COTI or Ergo continue to grow year after year to join this ranking on the Cardano base. In this article, we look at 5 Cardano-based altcoin projects from analyst Will Izuchukwu’s list with high potential in 2022. Let’s explore the cryptocurrencies to watch in September.
Cardano-based altcoin projects to watch in September
COTI (COTI)
COTI helps businesses create payment systems and save time and money. To do this, it allows it to digitize any currency. One of the first Blockchain protocols in the world, COTI is made for use by businesses, governments, payment DApps and stablecoin issuers. It is however optimized for decentralized payments.
COTI’s payment network is a system that enables customers and businesses to make payments worldwide. Users can freely make digital wallet, cryptocurrency and financial transactions. COTI is also the world’s first platform designed to produce stablecoins. The option to create one’s stablecoin gives a person back control over both their money and their data. COTI is currently traded on major exchanges such as Binance, BingX, Bybit, MEXC and Phemex.
Ergo (ERG)
Ergo advertises itself as a self-modifying protocol. It is also the platform for next generation smart contracts that provides secure, convenient and decentralized financial tools. Ergo is built on ten years of Blockchain development. It combines tried-and-true principles with consensus models and cryptocurrencies.
Ergo’s smart contracts are built on Sigma protocols. They make it possible to create a class-effective zero-knowledge protocols that allow us to perform actions that are otherwise impossible or expensive and unsafe. ERG is currently traded on major exchanges such as KuCoin, Gate.io, FMFW.io and ProBit Global.
Nexo (NEXO)
Users can get cryptocurrency-guaranteed loans through Nexo, a blockchain-based lending platform. In doing so, they place a supported token such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), or XRP (XRP) as security in exchange for a fiat or stablecoin loan.
Nexo aims to develop a user client that continues to use the platform and continues to support NEXO. To reward customers for having NEXO in their account, the business has launched a loyalty program that offers them lower loan interest rates and higher savings returns. Additionally, 30% of Nexo’s earnings are paid out as dividends to NEXO token holders.
Profits from accrued interest on loans support the business by providing corporate credit and advisory services. NEXO is currently traded on Binance, BingX, Bybit, MEXC and Deepcoin exchanges.
Chainlink (LINK)
Chainlink allows real-world data to be transferred to Blockchain networks via smart contracts. Chainlink, a decentralized oracle network, enables blockchains to securely interact with data integrations, events, and payment methods. In doing so, it provides key off-chain information that is quickly taking over as the primary type of digital contract.
Data generators, node operators, and a sizable open source community power the Chainlink network. LINK is currently traded on the largest exchanges such as Binance, OKX, BTCEX, BingX and Bybit.
Cardano (ADA)
Popular altcoin Cardano is the largest PoS Blockchain platform in the market. The open source initiative also contributes to developing a safer and more equitable society. In doing so, it also seeks to “redistribute power from unaccountable structures to extremes and individuals”.
The purpose of the ADA token is to guarantee that its holders can take part in the management of the network. As a result, users with cryptocurrencies have the option to vote on all proposed changes to the program.
One of the major Blockchain networks, Cardano uses the PoS consensus process, which consumes less energy than the PoW algorithm used by Bitcoin. According to a recent announcement from Input-Output Hong Kong (IOHK), the blockchain development company behind Cardano, Vasil upgrade aimed at improving Cardano’s scaling capabilities and lowering transaction costs will launch on September 22. Cardano is currently traded on the largest exchanges such as Binance, OKX, BTCEX, Deepcoin, and Bybit.
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