Top 3 BNB Chain Tokens to Watch in July 2022
BNB chain has emerged as one of the leading blockchains in the cryptocurrency world. Dubbed the ‘Ethereum killer’ due to its low gas fees, enhanced scalability, and growing user base, the network connects the crypto community with opportunities in NFTs, DeFi, GameFi, etc.
According to a recent BNB Chain Ecosystem report, developer teams on the blockchain are producing some of the best projects in the industry. Despite the bear market, numerous crypto projects across the BNB chain ecosystem continue showing fantastic potential. This article will focus on some of the top BNB chain tokens for investors to watch in 2022.
#3 Binance Coin (BNB)
One of the cryptocurrencies that market participants might want to add to their watchlist this July is BNB, the governance token for the Binance protocol. The coin has multiple use cases on the BNB chain, a hybrid network forged from a merger between the BNB Beacon Chain and Binance Smart Chain (BSC).
Expanding the network to the BNB Chain sought to enhance the connection between the BNB token and the entire Binance ecosystem. The evolution of BSC has allowed the Binance coin to transcend use cases in the network and added several advancements set to benefit all users.
As such, the native crypto asset of Binance and BSC holds great moonshot potential despite taking a beating in the current turbulent market. According to predictions from crypto market experts at Analytics Insight, the price of BNB could hit $1,000 by the end of 2022.
#2 Dogecoin (DOGE)
While Dogecoin is hosted on its separate network, it features one of the most popular BNB chain contract addresses. Dogecoin is a popular meme currency on the BNB chain that made millionaires out of many early adopters of the project. The doggy-themed coin had its breakout year in 2021 when it jumped a whopping 19,000% in five months.
The ongoing bearish pressure that has shaken investor confidence in top coins such as BTC has also suppressed DOGE growth in recent months. Despite hitting lows of $0.06, the meme coin still has massive upside potential and is one of the best-undervalued assets in the market.
Some market analysts predict that Dogecoin could achieve significant returns in 2022 despite its current price downturn. Crypto proponents can see DOGE as a long-term investment with tremendous growth potential, as it enjoys celebrity endorsements and a massive base of active daily users.
#1 Gala (GALA)
Gala (GALA) is a gem that could be the next big thing in the BNB ecosystem and beyond. The native token of the gaming and NFT platform made waves in the crypto space after soaring from a price of $0.0014 in January 2021 to hit a lifetime high of $0.8367 by November of that year. That meteoric rise represented a jump of over 57,000% and marked GALA as one of the hottest crypto assets on the Binance network.
The recent bear market has seen GALA shed most of its gains in recent months, resulting in the price dipping to lows of $0.0071. That said, the token could still give tremendous returns to investors who buy this July at its discounted price. One of the primary reasons GALA holds massive upside potential is its capacity to take crypto use in blockchain gaming to the next level.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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