Cardano is a Proof-of-Stake blockchain that was founded by Ethereum co-founder and Mathematician, Charles Hoskinson. It is a competitor to Ethereum and a layer 1 blockchain which means other altcoins use it as a base to build and deploy their own tokens and applications. With the recent success of the Vasil Hard Fork, Cardano smart contracts are finally coming of age and native Cardano altcoins are leading the charge. So far, this sector has shot up by 6.39%, pointing to a bullish resurgence. Investors are getting ready to ride the waves into profit. Here’s our review of the best Cardano altcoins to buy for 100x gains in the coming months.
Top 5 Cardano altcoins that could net 100x – our picks
Here are 5 of the best native Cardano altcoins ready to make investors big gains;
- NMKR – NFT Tools and Minting Service
- ADAO – Exciting Governance-as- a-Service (GaaS) DAO infrastructure project
- TANG – DeFi-as-a-Service (DaaS) and NFT Farming
- SUMMON – First DAO in the Cardano ecosystem
- HOSKY – Dog meme coin living on the Cardano blockchain
NMKR – NFT Tools and Minting Service
NMKR is our top pick for a Cardano altcoin that could return 100x gains for its early investors. NMKR provides NFT tools and minting service for Cardano NFTs (lovingly known as CNFTs by the community). First mover advantage means that NMKR already have the CNFT market cornered with over 50% of all CNFTs minted having used their minting service in the past. The NMKR token is widely distributed and already available on a number of centralized and decentralized exchanges. The original NMKR token sale was held on LCX exchange on the 18th April 2022 for a price of $0.003125 USD per token which quickly sold out. With a strong team and good network effect, we are confident this altcoin will continue to see exponential growth.
ADAO – Exciting Governance-as- a-Service (GaaS) DAO infrastructure project
A Decentralized Autonomous Organization (DAO) is a system that runs on a blockchain protocol completely and autonomously, according to rules encoded through smart contracts. By dispensing with human intervention or centralized coordination, DAOs are often referred to as “trustless” systems. ADAO is a graduate of the Cardano Catalyst Incubator program and backed by a strong team of experienced developers. The mission of ADAO is to be a “service DAO ” dedicated to providing open source code and DAO governance toolsets on the Cardano blockchain.
TANG – DeFi-as-a-Service (DaaS) and NFT Farming
Another participant of the Cardano Catalyst Incubator program, TANGENT provides DeFi and RealFi services and solutions to projects, developers, artists and end users. The TANGENT app merges NFTs, DeFi utility and real-world asset tokenization in a permissionless web3 layer 2 protocol that brings new capabilities and functionality to the Cardano blockchain. TANGENT is backed by its own governance token called TANG, which is the overseer and guiding force of the Tangent protocol. The TANG token gives holders the ability to participate directly in governance by voting on proposals related to the TANG token’s development and usage, as well as development and direction of Tangent protocol itself. Unlike the other Top 5 Picks, the TANG token is not yet circulating, and thus provides a rare opportunity for investors to enter this trade and attain a sizable portion of the TANG token for themselves. A regulated and fully compliant token sale is scheduled to begin on 20th February, 2023 via the LCX Exchange, where investors will be able to purchase TANG in exchange for BTC, ETH, ADA, USDC or EURO. There will also be a second token sale on 28th February, 2023 with no KYC via the Tangent website for ADA only. TANG token will begin trading on Minswap and LCX Exchange on the 20th March, 2023. Follow Tangent on Twitter and Medium to keep up to date with the progress of the token sale.
SUMMON – First DAO in the Cardano ecosystem
Summon Platform is a new DAO creation and governance platform on the Cardano blockchain. Deployed by the same team members behind ADAO, Summon seeks to enable the Cardano Ecosystem to create and manage their own DAOs, staking portals, smart contracts, governance modals, tokens, treasuries, and proposals. This token can currently be attained via ISPO (Initial Stake Pool Offering) that began on 3rd August. ISPOs are unique to the Cardano ecosystem, and allow users to delegate their ADA to a staking pool controlled by the project, forfeiting their usually ADA staking rewards, in exchange for a new token (in this case the SUMMON token). SUMMON tokens serve as a decentralized governance mechanism for the Summon Platform and provide several forms of utility, including but not limited to membership of the Summon Community and representation at the Summon Association Assembly.
HOSKY – Dog meme coin living on the Cardano blockchain
HOSKY Token was created due to the lack of doggie meme tokens on the Cardano Ecosystem. It promises to bring absolutely nothing other than low-quality memes, no financial value, no promises of mastiff gains, no mind-beagle-ing technology, just doggo memes. Dogecoin is the original meme coin: It was created as a joke based on a meme back in 2013. It rose to fame after Elon Musk began tweeting about the cryptocurrency, and retail investors started buying in droves. As the price kept increasing it made many thousands of “dogecoin millionaires” day after day. Meme coins are a type of cryptocurrency, but there’s one major difference between meme coins like Dogecoin and Shiba Inu and serious cryptocurrencies like Bitcoin and Ethereum; and that comes down to utility. Meme coins serve no real-world purpose! However they can still make you a millionaire overnight in the blink of an eye! For that reason alone, HOSKY token is worth keeping on your radar!