Moreover, getting to know crypto gems, especially those with low caps, and investing in them before they become popular is quite a profitable business idea among many investors in cryptocurrency.
Oftentimes, these crypto gems are undervalued when they are launched into the coin market, but their prices begin to rise when so many crypto investors get to invest lots of money into these crypto gems.
Hereunder, in this guide, we will take a quick look at the top 10 crypto gems. Also, we will elucidate their values over time and why you should invest in them.
Top 10 Crypto Gems
Below are the top 10 crypto gems and what you should know about them.
#1. Syntetix network token (SNX)
Synthetix is a decentralized digital platform that allows its users to trade assets directly from the platform.
Syntetix network token involves trading stocks, fiat currencies, commodities, and some cryptocurrencies which include BTC, MKR, etc.
Users do not need third parties for instance central banks while carrying out transactions on this platform.
The word Synthetix was derived from “Synthetics” and the goal of its creation was to copy or imitate real-world assets in a market.
In this crypto gem, two major types of a token are accepted in Synthetix; namely SNX and Synths.
SNX is the primary token that is widely accepted in Synthetix. Also, it is used to create synthetic assets.
Synths are common assets in Synthetix and they are used as collaterals for generating value most especially for fundamental assets.
#2. Gala (GALA)
The GALA token is a crypto gem that is currently on the Ethereum blockchain. In the future, it will be moved to the Gala sidechain.
As of the time of writing, the traffic that is on this crypto gem is being powered by Gala nodes. In general terms, these Gala nodes are known as Founders Nodes.
In the future, these Gala nodes will be powering the Gala sidechain. A document recorded by Jason Brinks stated that there will be only 50,000 nodes that will be able to handle about 100 million monthly users in the Gala platform.
Currently, Gala has about 21,000 active nodes. Meanwhile, a report from Jason Brinks recorded that only 10,000 licenses are available.
Moreover, a single node in GALA costs about $85k and users can make purchases directly from the Gala Games website.
One of the advantages of nodes in Gala is that it allows games to run without needing to open a browser.
#3. Audius (AUDIO)
Audius is quite a popular decentralized crypto gem that allows music artists to share their favorites in exchange for the Audius token.
These artists that upload their songs are the ones that are responsible for setting their profile and also the amount of generated revenue that will be distributed to the distributors.
Moreover, in Audius artists are paid by fans voluntarily. Because of this, there are no ads on this platform and listeners can listen to an unlimited number of songs for free.
Because Audius is quite a decentralized platform, there is no single entity that is in charge of the distribution of any songs.
Perhaps, Audius blockchain technology to create a global distribution network for artists that upload their songs on this platform.
Furthermore, artists can license their music so that it can be streamed on video games and also put their music on different streaming platforms.
#4. DAO Maker (DAO)
DAO maker is another crypto gem that is listed among crypto project Launchpad and its goal is to provide growth solutions to your crypto project by keeping them off from other competitors and also creating a cryptocurrency revolution in the real-time market prices.
DAO maker also provides some technologies that empower the SaaS solutions which helps crypto start-ups and DAO maker has just a single product called DAO pad.
Perhaps, the DAO pad is quite a multi-dynamic investment platform that allows DAO token holders to participate in all the early-stage pre-token sales in most upcoming crypto projects.
DAO maker was launched in 2019 during the sale event of DAO tokens during Ether cryptocurrencies exchanging.
Moreover, DAO maker provides a participation framework that allows investors to participate in crowd equity.
There are three types of offerings and refundable token sale methods that were used to participate in DAO maker. They include Strong Holder offerings, SEED sales, and Dynamic Coin Offerings.
#5. Illuvium (ILV)
Illuvium (ILV) is crypto gen and also a blockchain-based play-to-earn RPG and battle royal.
The Illuvium is a platform that combines NFTs and also it has a richly-detailed virtual world which also creates a unique user experience.
Illuvium is listed among the first AAA NFT games that hit the NFT market.
Creating an account with Illuvium is quite free and as an early registered user, you will have exclusive access to scarce NFTs.
Moreover, Illuvium has an RGP title that allows gamers to travel across a diverse digital landscape.
Most of this digital landscape has been destroyed in search of rare exotic alien creatures and these creatures are called Illuvial.
Perhaps, this NFT that users collect while playing Illuvium can be mined, harvested, captured, and put to battle.
Besides this, users can as well unravel the mysteries behind how their land was destroyed.
#6. Origin Protocol (OGN)
Origin Protocol is an ERC20 protocol listed among crypto gems and it is built and hosted on Ethereum’s blockchain.
The Origin Protocol which allows buyers and sellers to transact through p2p networks is an ecosystem that allows the establishment of numerous distributed marketplaces on the blockchain.
This protocol is designed to remove those middlemen that are involved in Ethereum’s Blockchain as well as in Interplanetary File System.
Perhaps, in this Origin protocol, users, developers as well as businesses are allowed to create and also join marketplaces on the Ethereum mainnet.
Also. This Origin Protocol allows users to check users’ listing of goods or services of a pool.
Meanwhile, Origin protocol rewards can either be positive or negative in their payment.
Also, these token rewards provide security to the Origin protocol platform and they also serve as governance tokens.
#7. Moonriver (MOVR)
Moonriver is a crypto gem that was built to be a para chain on the Kusama network and it is targeted at developers providing compatibility with the Ethereum blockchain by providing an EVM (Ethereum Virtual Machine).
Also, through implementation and helping developers to take some advantage of the Moonriver platform and its ecosystem.
Moreover, this top crypto gem sometimes acts as a test environment by allowing developers to be able to test their products before they are launched on Polkadot.
Perhaps, Moonriver and Moonbeam are built on the same codebase although they are being deployed on different chains.
In most cases, Moonriver is usually connected to Kusama, while Moonbeam is connected to Polkadot.
By default, Moonriver is very compatible with EVM (Ethereum Virtual Machine).
This compatibility helps developers to take advantage of Ethereum’s existing infrastructure like Chainlink’s Oracle compatibility.
Also, this helps in Moonriver speed, and also it is convenient since there is no need to go through censorship until they are deployed on the main network.
#8. XCAD network (XCAD)
XCAD Network is another crypto gem that provides creators with DeFi tools which makes it possible to create an incentivized economy by tokenizing creators’ engagement.
XCAD Network also has an exclusive NFT Marketplace for its creators.
#9. Orion Protocol (ORN)
Orion Protocol is another crypto gem that aggregates liquidity from the entire crypto market to a standalone decentralized platform.
This protocol also has unique functionalities which in turn brings solutions to most DeFi prominent issues.
#10. RMRK (RMRK)
RMRK is another crypto gem that offers a set of NFT legos that are used in building a system of arbitrary complexity by NFT creators.
In RMRK, there are five legos which are Nested NFTs, On-chain emotes, multi-resource NFTs, conditional rendering, and NFTs as DAOs.
Perhaps, RMRK native token is quite rich and it uses cases that spread all over the NFT ecosystem.
Conclusion
Newly launched crypto gems in most cases are quite profitable and investors have more opportunities to make more money revenue from them.
We recommend the above-discussed crypto gems to every investor out there.
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Written by: Narender Charan
