Numerous cryptocurrencies and tokens appear every day. Some of them are of a practical nature, which means they perform some sort of function. Others, on the contrary, have a purely entertainment purpose and may be in demand only due to the strong buzz around the project. In this overview, RevenueBot highlights a few coins to keep track of.
Pika (PIKA)
PIKA is GameFi token and the native coin of the Play-to-Earn (P2E) metaverse dubbed Pikamoon. PIKA is an Ethereum-based ERC-20 token blending competitive gaming element with decentralized finance technology (DeFi)
By owning this digital currency, Pikamoon players can collect, nurture, and trade Pikamoon character NFTs – similar to Axie Infinity and its Axies, in-game characters. The major driving factor behind PIKA’s price pump potential by far is the Pikamoon game itself, which is set to achieve AAA prominence as soon as another hype surrounds GameFi sector and once it is fully launched.
dogwifhat (WIF)
dogwifhat (WIF) is a Solana-based memecoin dedicated to the viral meme involving a Shiba Inu dog wearing a pink knitted hat. It is not intended to symbolize any progress or represent some futuristic utopia. Instead, WIF is simplistic and unpretentious – nothing but a funny meme about a dog in a hat. Even the “wif” part here is a deliberate, comic misspelling of the preposition “with”, which emphasizes the playful nature of the coin.
Despite its plainness, $dogwifhat has mesmerized the crypto community with its unique charm and functionality. In fact, the token has rapidly become popular, surpassing such renowned coins as SHIB and PEPE in terms of total trading volume. The community’s elation over this “shiba inu wearing hat” meme resulted in its success in the crypto market.
Fluence (FLT)
Fluence is a decentralized serverless platform & cloud computing marketplace powered by blockchain. The platform offers a global, scalable, and secure alternative to centralized cloud computing platforms.
Using Fluence, you can build and deploy applications to a network of compute providers ranging from professional data centers to home computers. These providers rival for the best price and performance and, in order to earn rewards, they must ceaselessly prove that they are actually serving applications.
FLT token serves as the backbone of Fluence and is used by providers as collateral for participation and as a monetary incentive. So you are free to earn both the FLT and stablecoin for serving Fluence-powered apps.
Conclusion
When investing in new coins, you keep an open mind on all the risks, because the chances of a coin remaining at the same price brackets or depreciating are sky-high.
This material is not a piece of financial advice and is for informational purposes only.
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