What Cryptocurrency should I invest in 2022
There are so many investment opportunities these days. The stock market is flooded with them. However, only a few of them can give you returns that are worth it. Cryptocurrencies are one of them. They have been gaining a lot of traction in the past few years. They offer a lot of investment opportunities in the form of ICOs and crypto funds.
From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, which can make it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 5 cryptocurrencies based on their market capitalization, or the total value of all of the coins currently in circulation
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The Top 5 Best Cryptocurrency to Invest in 2022
Lucky Block — Best New Cryptocurrency to Buy in 2022
The best new cryptocurrency to invest in 2022 is Lucky Block. This top-rated project — which was launched on the Pancakeswap exchange as recently as late January 2022, is looking to revolutionize the way that people engage with traditional lottery games.
The team at Lucky Block is able to facilitate this goal by bringing lotteries to the blockchain protocol. Moreover, gaming outcomes on the Lucky Block network are derived via smart contracts — which means that fairness and randomness are guaranteed.
Another standout feature of the Lucky Block roadmap is that there will be no jurisdictional limitations on who can play its lottery games. This is in stark contrast to traditional lotteries — which are typically governed by state-backed franchises.
As per its first exchange listing just a week ago, Lucky Block has gone from a pre-sale raise of $5 million to a total market capitalization of more than $200 million. Plenty of centralized exchange listings is planned for the coming weeks — with the likes of Gate.io and Crypto.com in the works
Bitcoin (BTC) — Best Beginner friendly Cryptocurrency to Invest
Created in 2009 by someone under the pseudonym Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy a Bitcoin for about $500. As of April 1, 2022, a single Bitcoin’s price was over $46,300. That’s growth of more than 9,000%
XRP — Top Cryptocurrency Project That is Partnered With 200+ Banks
XRP is the digital token backed by Ripple. Ripple specializes in cross-border payments for banks and financial institutions. Facilitated via blockchain technology, Ripple and XRP transactions take no more than five seconds to process.
Whichever fiat currencies are being transacted, XRP transactions typically cost a small fraction of one cent. As a result of this efficiency and cost-effectiveness, more than 200 banks are either testing or using the Ripple network to transact.
Decentraland — Invest in the MetaVerse via MANA Tokens
Next up on our list of the best cryptocurrency to invest in 2022 is Decentraland. This project offers a 3D virtual world via its MetaVerse-esque gaming platform. Not only can users create characters and communicate with other players — but buy land and build real estate.
Some real estate holdings on Decentraland have sold for over $1 million on the open marketplace. Decentraland does, of course, have its own cryptocurrency token — which is called MANA. This crypto asset has increased in value by over 1,400% over the past year.
Ethereum (ETH) — Exciting Crypto to Hold Long Term
Ethereum is another option for the most popular cryptocurrency to buy in the market, as many believe it has a higher price potential than Bitcoin. The platform offers dApp developers a medium to build their projects and implement smart contracts, potentially revolutionizing many industries. The imminent upgrade to Ethereum 2.0 is set to make waves, as it’ll see the platform transition to a Proof-of-Stake mechanism — significantly boosting speed and lowering fees
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