Why invest in digital assets?
For several years, there has been a new object of investment, in addition to gold, real estate, stocks and other valuable assets. These are cryptocurrencies. With their growing popularity, more and more people want to invest in Bitcoin and other digital coins. There are several reasons for this.
- Cryptocurrencies are growing rapidly in popularity. For example, many countries allow digital assets to be accepted as payment, and in some countries it is even used as a means of payment on a par with the official currency.
- The cryptocurrency investment market is attracting investors from different countries. For example, China and India are willing to invest significant funds in them, so they are confident in the successful future of cryptocurrencies and are not afraid to lose their money.
- Major online stores today accept Bitcoin, Litecoin, Ethereum and other digital assets, which allows digital money to continue developing at a fast pace.
If you doubt whether it is worth buy crypto instantly, think back ten years, when Bitcoin was not as popular as it is today and was only worth about ten dollars. However, those who believed in its future and invested in it became millionaires today, simply because they took the risk of investing in what they thought was a promising asset.
Of course, today the situation on the cryptocurrency market is significantly different - everyone knows about Bitcoin, and many people are trying to invest in it. However, apart from the main digital coin, there are many other digital assets that already seem promising and prospective today. In other words, if you want to find the "new Bitcoin" and make big money from it, take a close look at the coins we offer. These are the best cryptocurrencies to invest in.
How to choose a cryptocurrency to invest in?
Finding a digital asset to invest in is not easy or simple. Today, the cryptocurrency market is represented by almost nineteen thousand tokens. Some projects turn out to be useless
and leave the market. Others do not develop, and because of this their profitability falls. Figuring out how to choose the next cryptocurrency to explode 2022 is difficult. However, there are chances for it to happen. It is very important to pay attention to a number of attributes that distinguish the crypto with the most potential from obviously unsuccessful projects.
For this reason, before we move on to the list of the best cryptocurrencies to invest in, we will briefly talk about what you should pay attention to when choosing coins - at least so that you have an understanding based on what we chose this or that coin.
So, what the best cryptocurrency to invest in?
First, you should pay attention to the technology behind the chosen cryptocurrency - you must be sure that this technology will be in demand in the future.
The next determining factor is the development team. It is clear that for a number of reasons we cannot know these people by sight. It is more about interest in the project, about motivation. People must be really interested in their project, otherwise the cryptocurrency has no chance to develop.
Capitalization of the coin. Another important parameter when assessing the attractiveness of a cryptocurrency for investment. The higher it is, the more reliable the digital asset you choose is considered. In other words, knowing the capitalization of a coin, we understand the potential returns and risks. For example, if there are 100,000 coins in circulation and the current value of each coin is $5, this means that their market capitalization is equal to $500,000. Thus, capitalization is very important because it can be used to determine the real risk and stability of a crypto-asset that you are seriously considering investing in.
The best investment options in 2022
Let's talk about the coins that we think are the best cryptocurrencies to invest in now and can bring you good profits.
Bitcoin leads the cryptocurrency market for many reasons. First, it is the ancestor of all cryptocurrencies that laid the foundation for the vast world of the crypto industry. Second, its market capitalization is still the highest and far surpasses other cryptocurrencies, even popular ones. Third, the price of Bitcoin is constantly rising, and even if corrections happen, sooner or later they are replaced by positive growth.
There is another reason for Bitcoin's popularity. Many people associate it directly with the concept of cryptocurrency. And even if against the background of modern standards Bitcoin is not in the first place, that is inferior to its counterparts in security, functionality and ease of use, it is still a monetary asset, which enriched many, so its capitalization continues to grow.
To summarize, Bitcoin is one of the best cryptocurrency to invest in and should be in the portfolio of any investor. It is known all over the world, it does not need advertising, and it is very likely that this digital coin will continue to grow, bringing you a good income. For the same reasons, Bitcoin can be called the most popular cryptocurrency to buy.
Perhaps the most popular coin for investment will always remain Bitcoin - there are a number of reasons for this, which we have listed above. However, Ethereum can confidently take second place in this list.
The history of Ethereum goes back to 2011, when a young programmer Vitalik Buterin became interested in blockchain technology and Bitcoin. Two years later, Buterin presented technical documentation on Ethereum, talking about its features and applications. Today, Ethereum is a popular project with many developers, with a capitalization of several hundred billion dollars.
If we consider Ethereum from the technological point of view, the range of its application is very wide. The main difference between Ethereum and Bitcoin is the ability to create smart contracts. That is, Bitcoin is just a convenient way to store and send money, but the range of actions performed with digital money is much wider: it can be borrowed, invested, and so on.
To summarize the above, Ethereum can be considered one of the safest currency to invest in 2022.
Binance Coin is among the top 5 cryptocurrencies by market capitalization and is in third place after Bitcoin and Ethereum. The currency has a market capitalization of over one hundred million dollars. To understand why it is worth paying attention to it, first we need to briefly talk about what Binance is.
It is one of the most famous and popular cryptocurrency exchanges. Starting in 2017, the exchange began to grow rapidly and became a leader in terms of trading volume. The influx was so large (up to a million new users per week) that in January 2018 the exchange was even forced to temporarily close registration of new users. Binance offers its customers a wide range of services and features, so its popularity is easy to explain.
Binance Coin is the base cryptocurrency of the Binance exchange. Due to the popularity of the exchange, its tokens are also constantly increasing in value and are very attractive to investors. The scope of application of this cryptocurrency is quite wide. In addition to making transactions on the Binance exchange, you can invest in this coin for passive income. You can also make online purchases: order gift cards, entertainment, travel, pay bills and so on.
To early investors, the coin brought in huge profits, and it looks like it could yield even more in the future. In fact, Binance Coin is now as firmly associated with the cryptosphere as Bitcoin and Ethereum. So if you want to find the best crypto to invest in right now, choose this digital asset.
The previous cryptocurrencies we talked about above proved themselves as successful assets long ago, and today they are familiar to everyone. Now let's move on to the ones that were released very recently, but have already managed to establish themselves as the best new cryptos to invest in and thanks to their low prices, also as the best small cryptocurrencies to invest in.
The coin we're talking about now has only been around for a few months - it was released on March 17, 2022. However, it has suddenly gained popularity and may well be considered a new cryptocurrency to invest in.
ApeCoin is a coin issued by Yuga Labs, the same company that is the publisher of one of NFT's most famous collections, Bored Ape. Thanks to NFT's super-popularity, the coin became famous immediately after its launch and even made it into the top 30 largest coins by market capitalization - it was almost $6 billion.
Investors' interest is further fueled by the fact that Yuga Labs plans to launch its Otherside meta-universe, in which ApeCoin will play a key role and likely act as a means of payment. The listing on major exchanges and the upcoming launch of the meta suggest that the ApeCoin exchange rate will not stop there. Some crypto analysts agree with this.
Right now, ApeCoin is on the top of its success. According to Coinmarketcap service, APE is currently the best new cryptocurrency to buy. It is being discussed, bought, and exchanged. Trading of the new coin is supported by leading centralized and decentralized platforms.
ApeCoin is one of the cheapest coins on our list, with a price tag of just over ten dollars, but its growth prospects are quite high. Therefore, if you are looking for a cheap cryptocurrency in which you want to invest your money to earn in the future, this is it.
Another one of the best new cryptocurrencies to invest in. It is older than ApeCoin, which we reviewed above, and was launched in late September 2020, but it has experienced impressive price growth in that short period of time.
What preceded it?
Let's start a little from afar, so you can better understand why the popularity of Uniswap cryptocurrency is quite high. For a long time, cryptocurrency exchanges have been the basis for various transactions. However, with the development of blockchain, technology did not stand still either, and soon a new way of working with digital assets emerged - decentralized exchanges, or DEX. Unlike exchanges, these services do not use intermediaries to process and complete transactions. This is related to the smart contracts we talked about earlier. In other words, decentralized exchanges allow people to directly exchange cryptocurrency tokens with each other.
However, at the moment, creating and working with DEX is difficult because of blockchain limitations. Uniswap, a decentralized exchange platform, seeks to eliminate these limitations. This exchange can be considered one of the main in the field of DEX, and Uniswap has done a lot for their development.
Interest in decentralized exchanges has fueled the popularity of Uniswap and their own Uni coin. Uniswap's token is listed on all major crypto exchanges, which not only increases the reliability of the platform, but also increases the number of its community members.
Why invest in this token?
- Today, its value is less than $10. In other words, the risk of loss can also be considered minimal.
- The token has great prospects because the Uniswap platform, which released it, implements a very important function - the facilitation of DEX exchanges.
Therefore, we advise you to put this cryptocurrency in your investment portfolio if you want to get a good income in the future.
Another very cheap, but very promising coin, which is worth keeping in mind if you choose a cryptocurrency, the value of which can grow significantly in the future.
The first thing to say about it is that Cardano is currently the fifth most popular cryptocurrency on the Coinbase exchange and is increasingly gaining investor interest. Since 2019, Cardano has achieved a staggering growth rate of over 1,700%. Let's understand what the secret of such success is.
Cardano is considered one of the most ambitious cryptocurrencies, striving to find effective solutions to the scalability and sustainability problems faced by dominant Bitcoin and Ethereum. Cardano is a third-generation blockchain platform based on the Ouroboros protocol with a unique decentralized network built on scientific, academic research created by cybersecurity and engineering experts.
What else is Cardano attractive to investors? It is a "green coin," the mining of which does not harm the environment. Environmental friendliness may be the characteristic that will give Cardano an advantage over other cryptocurrencies in the coming years, because every year the global community pays more and more attention to environmental issues and puts what is safe for nature in the first place.
This is the only one meme coin on our list, but it has shown such rapid growth that we can recommend it for your investment portfolio.
Dogecoin was not created at all as a cryptocurrency that will ever become popular. It was just a joke, a meme by programmer Billy Marcus, who created it as a parody of actively growing cryptocurrencies. The programmer made a symbol of his brainchild - a happy shiba-inu dog. Now this dog is known all over the world - thanks to Dogecoin.
If we compare the technical side of Dogecoin with Bitcoin or Ethereum, behind which there is infrastructure, billions of dollars of investments, and serious possibilities, the structure of Dogecoin is as simple as possible. In addition, this makes Dogecoin a more convenient alternative to fiat money, as the value of a single Dogecoin will not increase much in the medium term.
For a long time, this crypto remained unnoticed, but gradually it was adopted by some retail chains. Soon, the attitude to Dogecoin changed, and the cryptocurrency began to be used as a payment instrument.
Perhaps the most successful Dogecoin PR person was Elon Musk, who started to mention this currency both on Twitter and on various TV shows. The Tesla owner praised Dogecoin in every way, emphasizing its strengths, which caused a significant increase in the exchange rate of this currency. For example, he urged the fast-food restaurant chain MCDonald's to start accepting it as a means of payment and also said that he bought several thousand Dogecoins for his recently born son so that he could become a real investor.
In addition to Musk's publicity, the coin's price rose by more than 20% after the leading cryptocurrency exchange Coinbase added it to its trading platform.
To answer whether it is worth investing in Dogecoin, we want to give a simple calculation as an example. If you were to buy Dogecoin in early 2021, you would make thousands of per cent returns. In other words, you could potentially make a good profit by investing in it now.
We looked at the best cryptocurrencies to invest in 2022. Each of these projects is different - some have long-established themselves in the market as strong cryptocurrencies, others, although newly created, have good growth prospects, and others gained their popularity thanks to media personalities and a funny dog on the face of the coin.
Before choosing the best cryptocurrency to invest in and adding it to your portfolio, consider all the options once again, weigh the strengths and weaknesses, and only after that make a buying decision. You can also try trading these coins using trading strategies or crypto automation to increase your income even more. By doing so, you are more likely to invest your money profitably and earn as much as possible.