What crypto tokens will still be around 50 years?
What are crypto tokens?
Crypto tokens are a special type of cryptocurrency representing certain assets or utilities and reside in their existing blockchains. They are generally created, circulated, and sold through the Initial Coin Offering or ICO process for crowdfunding.
Functions Of crypto tokens
Crypto tokens serve multiple purposes in financial transactions. Some of the following functions of crypto tokens involve:
- They are used as transaction units that can also be created using the Ethereum network that allows a user to create tokens.
- They also serve as mediums for developing and creating decentralized apps and smart contracts to operate the various transactions on the blockchain.
- They are also used to raise crowdfunding for the development of projects.
- Crypto tokens are utilized in the representation of other cryptocurrencies.
Crypto tokens that will be still around 50 years:
Despite the fact, crypto tokens and cryptocurrencies have always had a wild ride in the market. There are seismic changes. However, with the media attention and recent DOT and LINK subsequent achievements, crypto tokens are climbing high. If you are eager to be a part of this venture and considering investing in crypto tokens, here’s a list of the best crypto tokens that will still be around in 50 years:
Ether was launched in 2015, and right now, it is the second-largest digital currency by market capitalization. It is a significant transactional token that accelerates operations on Ethereum. Ether also serves as a medium of exchange. Users might opt for exchanging cryptocurrency with ether tokens for Ethereum transactions. For creating and operating decentralized apps on Ethereum, users pay with Ether tokens.
The per token value of Ethereum as recorded in January 2021 was, $1218.58 while the total market capitalization was $138.3 billion.
If more decentralized apps are created using Ethereum and Ether tokens, Ether might become the most prominent digital currency in 50 years.
- Polkadot (DOT)
Polka dot tokens can be expected to be still around in 50 years as it has the backup support of the most promising blockchain projects. Polka dot has plans to extend its development programs of various decentralized applications to use the real world. With the establishment of such platforms, Polkadot enables its users to gain complete control over the protocol to share unlimited information. Users can also create their blockchains while using the security options of Polkadot to stay safe.
According to January 2021, Polkadot has a market capitalization of $11.2 billion, and 1 DOT is sold for $12.54.
If Polkadot protocols and decentralized networks gain momentum, they can make incredible progress in the future.
ChainLink serves as a great communication link between blockchains and other programs that don’t function in blockchain language. In this way, Chainlinks decentralized oracles enable smart contracts to communicate by translating blockchain data to a format that other programs can understand.
Chain Link has also collaborated with Google to allow developers to build applications.
According to January 2021, the market capitalization of Chain Link was $8.6 billion, and one Link has a value of $21.53.
If Chainlink continues to expand exponentially, it will still be around 50 years. Read more articles: Ethical Hacking
We have guided you about the top-three crypto tokens that will still be around in 50 years. With more countries accepting crypto tokens soon and more money entering the market, these crypto tokens are set for a bull run.