Helium (HNT) is a decentralized peer-to-peer network for Internet-of-Things (IoT) devices. It runs on blockchain technology and uses nodes as hotspots to connect wireless devices to the network. It aims to provide a means of transmitting data to IoT devices over long distances with little power. People that own these Helium hotspots would get Helium (HNT) tokens as compensation for hosting the network.
Currently, Helium (HNT) has a market of a little over $1 billion. And its 24-hour trading volume stands at just $8.1 million. In 2021, Helium (HNT) peaked at $55, but its price has now fallen to $9.50. While the Helium (HNT) project has good utility, this price action has been unfavorable for investors. And this can be seen by the relatively low number of miners of the tokens. This number stood at 640,000 as of March 2022. Helium (HNT) is predicted to be trading at $22 in 2023.
What is EOS?
EOS is an open-source blockchain platform software developers can use to create decentralized applications. This project’s native token is EOS and aims to ease the adoption of blockchain technology. EOS also promises to handle more transactions per second than other networks.
However, with all the utilities the network claims to offer, it has a market cap of just $1.2 billion. Additionally, its daily trading volume has struggled to surpass $123 million. The price of the EOS token rose to $22.89 in 2018, but it has since dipped to $1.02, potentially implying it will be surpassed by upcoming projects in 2023. EOS is likely to trade around the $2 mark in 2022.
Degrain - Likely to dethrone Helium (HNT) and EOS in 2023
Degrain will provide its users with a number of unique advantages. With its cross-chain capabilities, users can buy NFTs on one network and trade them on other networks. The founders of Degrain have emphasized their belief in giving back to users and making it the go-to NFT protocol. It’s no wonder top NFT industry analysts have backed Degrain to become one of the largest growing cryptos in 2022.
Degrain’s NFT marketplace will have lower trading fees than platforms like OpenSea and LooksRare so users can save more money on transactions, whilst also being rewarded for listing and trading. This perk is sure to attract holders of mainstream NFT collections like Bored Ape Yacht Club to use Degrain.
Degrain will also offer fractionalized NFTs, creating liquidity within the NFT market and will help people buy from popular NFT collections that they could not otherwise afford. As part of its bid to offer real-world value, Degrain will utilize the real-life benefits of NFTs and work with companies, whilst sharing this revenue with token stakers. Degrain (DGRN) has been tipped by top crypto analysts to rise over 5,500% during the presale period which ends on September 30th. Our pick of the month for best investment goes to Degrain