Top 5 virtual currencies worth investing in in 2022
With nearly 16,000 types of digital assets currently in circulation, investing in virtual currencies can be a daunting task for many people.
More and more investors are taking the opportunity to enter the market hoping to make huge profits.
In this article, we will examine the 5 best new cryptocurrencies to invest in in 2022 and how users can spot which projects are good.
Invest now in the top crypto for 2022
- Luckyblock – The most valuable virtual currency in 2022
Luckyblock represents the best virtual currency to invest in in 2022. This digital asset project seeks to revolutionize the global lottery industry.
The protocol does this by decentralizing the lottery process through blockchain technology. Anyone can play lottery games at home without going through a centralized operator.
Play it safe lucky block provides players with integrity and legitimacy, all game functions are governed and executed by smart contracts. Therefore, every lottery is fair, neither internal nor external agents can manipulate the results.
Luckyblock lovers can invest in the project by purchasing digital tokens, which are currently in the pre-launch phase.
After the end of the pre-launch phase in early 2022, Luckyblock tokens will be deployed on Pancakeswap and some other centralized virtual currency exchanges.
- Shiba Inu – One of the best performing cryptocurrencies of the year
Launched in August 2020, the Shiba Inu explosion has become a market phenomenon in a short space of time. According to Coinmarketcap, the digital currency is priced at $0.0000000078 in early 2021. By November of the same year, SHIB had peaked at $0.000312. This means that the meme coin has generated a huge profit of almost 40 million% in less than 12 months.
SHIB price chart | Source: TradingView
While this massive return is unlikely to happen a second time, the token’s upside potential is still huge. Adding to the constant hype SHIB receives from the broader market, it is listed on all major exchanges including Binance, Huobi, Crypto.com and Coinbase – even eToro, resulting in the volume of Shiba Inu’s daily transactions often exceeding 3 exceeds billions of US dollars.
- Terra – The project that did well in the bear market
When it comes to the best cryptocurrencies to invest in in 2022, it’s important to look at some of the projects that offer hedging against market pullbacks.
When Bitcoin starts falling, other cryptocurrencies tend to follow suit. However, some digital assets have a habit of performing better in bear markets, including Terra and its token LUNA.
While Bitcoin is up just 0.34% over the past 7 days, Terra is up over 52% right now.
LUNA Pricing Chart | Source: TradingView
For those unfamiliar with this project, Terra is the protocol designed to stabilize the Terra stablecoin, which is pegged to fiat currencies like USD and Japanese Yen.
Terra platform users can earn rewards through staking and vote on the future of the protocol through governance.
- Yearn.finance – Strong momentum in 2022
Another project to consider for the digital asset portfolio is Yearn.finance, which is entering 2022 with strong bullish momentum. While Bitcoin has been flat for most of the past week, YFI has gained over 86% over the same period.
As 2021 progresses, the returns are even greater for the project’s early backers. For example, those who invested in Yearn.finance early last year only had to spend $22,000 per token. But five months later, Yearn.finance’s native token surpassed $93,000, with a return of over 320%.
It’s important to note that while Yearn.finance is tremendously valuable, the tokens can be forked like Bitcoin, meaning users can start with just a few tens of dollars.
YFI Price Chart | Source: TradingView
Yearn.finance is a decentralized platform based on virtual currencies in the financial industry. In other words, it connects borrowers and investors to create a truly decentralized financial system.
- PancakeSwap – Huge decentralized trading platform that is growing exponentially
Another potential cryptocurrency to invest in in 2022 is PancakeSwap — a decentralized exchange that launched in late 2020.
And more importantly, it’s often a trading mecca for newly launched cryptocurrencies built on top of the Binance Smart Chain. Importantly, PancakeSwap has attracted millions of traders to its platform and recorded billions of USD worth of locked-up liquidity.
PancakeSwap has also entered additional markets such as B. Staking and farming of virtual currencies.
The platform’s native token, CAKE, has made spectacular moves over the past year, from $1.1 in September 2020 to a peak of $44 in mid-2021. Despite this, the price has fallen, exiting $12 late last year and staying is currently trading around the $10.5 region.
However, it could be a great buying opportunity for those considering investing in this digital currency.
CAKE Price Chart | Source: TradingView
How to determine the best virtual currency to invest in in 2022?
There are currently almost 16,000 digital tokens in circulation on Coinmarketcap. So this means that the digital currency market is crowded.
As an investor looking to profit from this market, it becomes even more difficult to consider and choose the best new virtual currency to invest in. While the top five projects currently on the market have been discussed, it is important that each also do their own investment research to ensure they select the best cryptocurrency within their financial capability and risk.
Here are some factors to consider when choosing a project to invest in:
- Concept: The first is an overall conceptual assessment of the project. For example, in the case of Luckyblock, the project offers an unprecedented feature aimed at decentralizing the global lottery industry. A project with a good, unique and viable concept and vision will be an investment decision with high profitability for users.
- Start date: Similar to stocks, investing in virtual currencies as early as possible will often have a very cheap price. For example, in the case of Pancakeswap, those investing in the project by the end of 2020 will only have to pay $1.1 per token. Meanwhile, market participants will expect more than $44 in mid-2021, which is why it is prudent to consider a new crypto project like Luckyblock – which is currently still in the pre-launch phase.
- Development Team: Another important aspect is the development team behind the project. Many projects operating in the industry have anonymous development teams – this is considered a dangerous signal for investors. This is in stark contrast to projects like Luckyblock, which have a public and auditable development team.
Summary
The article analyzed the best cryptocurrencies to invest in in 2022 including Shiba Inu, Terra, Yearn.finance and Pancakeswap and Luckyblock.
The decentralized lottery platform Luckyblock is currently the best overall project. Not only does the project offer a unique concept with a fully professional management team, but Luckyblock is still in the pre-sale phase.
This means that investors can buy Luckyblock tokens at a very cheap price before they are launched on Pancakeswap.
Join CoinCu Telegram to keep track of news:Â https://t.me/coincunews
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Top 5 virtual currencies worth investing in in 2022
With nearly 16,000 types of digital assets currently in circulation, investing in virtual currencies can be a daunting task for many people.
More and more investors are taking the opportunity to enter the market hoping to make huge profits.
In this article, we will examine the 5 best new cryptocurrencies to invest in in 2022 and how users can spot which projects are good.
Invest now in the top crypto for 2022
- Luckyblock – The most valuable virtual currency in 2022
Luckyblock represents the best virtual currency to invest in in 2022. This digital asset project seeks to revolutionize the global lottery industry.
The protocol does this by decentralizing the lottery process through blockchain technology. Anyone can play lottery games at home without going through a centralized operator.
Play it safe lucky block provides players with integrity and legitimacy, all game functions are governed and executed by smart contracts. Therefore, every lottery is fair, neither internal nor external agents can manipulate the results.
Luckyblock lovers can invest in the project by purchasing digital tokens, which are currently in the pre-launch phase.
After the end of the pre-launch phase in early 2022, Luckyblock tokens will be deployed on Pancakeswap and some other centralized virtual currency exchanges.
- Shiba Inu – One of the best performing cryptocurrencies of the year
Launched in August 2020, the Shiba Inu explosion has become a market phenomenon in a short space of time. According to Coinmarketcap, the digital currency is priced at $0.0000000078 in early 2021. By November of the same year, SHIB had peaked at $0.000312. This means that the meme coin has generated a huge profit of almost 40 million% in less than 12 months.
SHIB price chart | Source: TradingView
While this massive return is unlikely to happen a second time, the token’s upside potential is still huge. Adding to the constant hype SHIB receives from the broader market, it is listed on all major exchanges including Binance, Huobi, Crypto.com and Coinbase – even eToro, resulting in the volume of Shiba Inu’s daily transactions often exceeding 3 exceeds billions of US dollars.
- Terra – The project that did well in the bear market
When it comes to the best cryptocurrencies to invest in in 2022, it’s important to look at some of the projects that offer hedging against market pullbacks.
When Bitcoin starts falling, other cryptocurrencies tend to follow suit. However, some digital assets have a habit of performing better in bear markets, including Terra and its token LUNA.
While Bitcoin is up just 0.34% over the past 7 days, Terra is up over 52% right now.
LUNA Pricing Chart | Source: TradingView
For those unfamiliar with this project, Terra is the protocol designed to stabilize the Terra stablecoin, which is pegged to fiat currencies like USD and Japanese Yen.
Terra platform users can earn rewards through staking and vote on the future of the protocol through governance.
- Yearn.finance – Strong momentum in 2022
Another project to consider for the digital asset portfolio is Yearn.finance, which is entering 2022 with strong bullish momentum. While Bitcoin has been flat for most of the past week, YFI has gained over 86% over the same period.
As 2021 progresses, the returns are even greater for the project’s early backers. For example, those who invested in Yearn.finance early last year only had to spend $22,000 per token. But five months later, Yearn.finance’s native token surpassed $93,000, with a return of over 320%.
It’s important to note that while Yearn.finance is tremendously valuable, the tokens can be forked like Bitcoin, meaning users can start with just a few tens of dollars.
YFI Price Chart | Source: TradingView
Yearn.finance is a decentralized platform based on virtual currencies in the financial industry. In other words, it connects borrowers and investors to create a truly decentralized financial system.
- PancakeSwap – Huge decentralized trading platform that is growing exponentially
Another potential cryptocurrency to invest in in 2022 is PancakeSwap — a decentralized exchange that launched in late 2020.
And more importantly, it’s often a trading mecca for newly launched cryptocurrencies built on top of the Binance Smart Chain. Importantly, PancakeSwap has attracted millions of traders to its platform and recorded billions of USD worth of locked-up liquidity.
PancakeSwap has also entered additional markets such as B. Staking and farming of virtual currencies.
The platform’s native token, CAKE, has made spectacular moves over the past year, from $1.1 in September 2020 to a peak of $44 in mid-2021. Despite this, the price has fallen, exiting $12 late last year and staying is currently trading around the $10.5 region.
However, it could be a great buying opportunity for those considering investing in this digital currency.
CAKE Price Chart | Source: TradingView
How to determine the best virtual currency to invest in in 2022?
There are currently almost 16,000 digital tokens in circulation on Coinmarketcap. So this means that the digital currency market is crowded.
As an investor looking to profit from this market, it becomes even more difficult to consider and choose the best new virtual currency to invest in. While the top five projects currently on the market have been discussed, it is important that each also do their own investment research to ensure they select the best cryptocurrency within their financial capability and risk.
Here are some factors to consider when choosing a project to invest in:
- Concept: The first is an overall conceptual assessment of the project. For example, in the case of Luckyblock, the project offers an unprecedented feature aimed at decentralizing the global lottery industry. A project with a good, unique and viable concept and vision will be an investment decision with high profitability for users.
- Start date: Similar to stocks, investing in virtual currencies as early as possible will often have a very cheap price. For example, in the case of Pancakeswap, those investing in the project by the end of 2020 will only have to pay $1.1 per token. Meanwhile, market participants will expect more than $44 in mid-2021, which is why it is prudent to consider a new crypto project like Luckyblock – which is currently still in the pre-launch phase.
- Development Team: Another important aspect is the development team behind the project. Many projects operating in the industry have anonymous development teams – this is considered a dangerous signal for investors. This is in stark contrast to projects like Luckyblock, which have a public and auditable development team.
Summary
The article analyzed the best cryptocurrencies to invest in in 2022 including Shiba Inu, Terra, Yearn.finance and Pancakeswap and Luckyblock.
The decentralized lottery platform Luckyblock is currently the best overall project. Not only does the project offer a unique concept with a fully professional management team, but Luckyblock is still in the pre-sale phase.
This means that investors can buy Luckyblock tokens at a very cheap price before they are launched on Pancakeswap.
Join CoinCu Telegram to keep track of news:Â https://t.me/coincunews
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