With every new year come new resolutions. People all over the world make various kinds of resolutions related to different aspects of their life. While some resolve to maintain an ideal weight and eat healthy food, others resolve to achieve financial independence and take risks.- Investment in 2022
In order to gain financial freedom by generating secondary sources of income, you should explore new areas, fields, and industries. These can depend on your passion, interests, knowledge, and experience. One of the ways of making some extra money or earning secondary income on a regular basis is making investments. Individuals and firms both invest in physical and digital assets.
Cryptocurrency is a trending digital asset nowadays. Almost everyone, who is capable of investing, wants to utilize the opportunity to benefit from the movement in the market prices of various digital currencies. It’s not a hidden fact that the movements in the cryptocurrency market are often quite drastic or significant.
If the situation in the market of digital currencies works in your favor, you can make a large sum of money as a profit. It’s important to mention here that merely holding digital currencies whose market price keeps increasing is not profitable. You should exit the market at the right time to recover your investment and earn a handsome return on it.
Those who have taken the resolution of improving their financial condition or taking more risk in terms of finance should definitely start by investing in cryptocurrencies. Even those who haven’t taken any resolution should say goodbye to their fear and reluctance about trading digital currencies.
In this blog post, we have tried to help you kickstart your journey of investment in and trading digital currencies. We have prepared a list of the top or best cryptocurrencies for 2022. This list has been prepared after proper research and careful analysis by taking references from reputable platforms.
But before sharing the list with you, we want to resolve one problem that most newbies in cryptocurrency face. This problem is the lack of time, especially in the case of professionals and entrepreneurs who have hectic schedules. They cannot keep an eye on the cryptocurrency market. Such people can use a digital currency automated trading platform, such as Bitcoin Code.
Invest in these Cryptocurrencies in 2022- Investment in 2022
Ethereum (ETH)- Investment in 2022
In recent years, Ethereum has gained massive popularity. It is a decentralized open-source platform based on blockchain. Smart contracts are created when trades are executed. This platform has a native currency, which is known as Ether (ETH). On Ethereum, buyers and sellers trade amongst themselves. No middle man is required.
Irrespective of the current market price of Bitcoin or the future speculations regarding it, the list of desirable digital currencies or cryptocurrencies worth buying is incomplete without this currency. Bitcoin (BTC) is the most coveted digital currency in today’s time.
It created the world of cryptocurrency back in 2009 as Bitcoin was the first publicly-traded digital currency. Every now and then, the market price of Bitcoin either increases or decreases to a great extent. But despite its volatility, Bitcoin is a great option for investors and traders who want to put their money in digital currencies.
Just like Ethereum, Terra is also an open-source platform based on blockchain technology. The Terra protocol underpins or stabilizes decentralized algorithmic Terra stablecoins. These Terra stablecoins are pegged against fiat currencies, such as the US Dollar and the Japanese Yen.
So, they offer higher stability as compared to Bitcoin, Dogecoin, etc. The most popular Terra stablecoin is TerraUSD or UST, which, as you can guess, is pegged against the US Dollar through an algorithm. Terra has a native currency known as LUNA, which is a versatile token. LUNA is used for minting more Terra stablecoins.
Considered to be the fastest ever blockchain, Solana was developed to facilitate smart contracts, decentralized applications, and decentralized finance uses. Solana can process transactions extremely quickly. More than 50,000 transactions per second can be processed on Solana.
Along with being quick, Solana is also secure and user-friendly. It runs on unique hybrid proof-of-stake and proof-of-history mechanisms. These mechanisms provide the Solana platform with its features of speed and security. Solana is also regarded as one of the best cryptocurrencies for day trading. The native currency of Solana is the SOL token. The Solana platform is powered by the SOL token.
Lucky Block is a crypto lottery platform based on Binance Smart Chain (BSC). It was built to revolutionize the online gambling or lottery industry by improving conventional lottery systems. As this platform uses blockchain technology, it decentralizes the whole process of online lottery. Lucky Block allows users all over the world to participate in prize draws. Multiple prize draws are conducted on the platform.
Users can play lottery games virtually from any place. They can use LBLOCK, which is a native token of the platform, to purchase lotto tickets. Moreover, all gaming functions are conducted and monitored by smart contracts. Thus, the whole process in every lottery game is fair. The payouts are faster on this platform.
Yearn.finance (YFI)- Investment in 2022
Yearn.finance is a yield farming platform used for various DeFi products. Yield farming refers to the process of staking digital currencies in order to earn passive income in the form of interest. The Yearn.finance platform connects investors and borrowers. Lending and trading services are carried out on this platform.
Yearn.finance is a group of protocols are hosted on the Ethereum blockchain. It is one of the leading decentralized finance projects. Yearn.finance specializes in crypto-based financing. The native currency of the Yearn.finance protocol is YFI, which acts as a governance token.
The major part of the year 2022 is still left, and so, new cryptocurrencies can be launched during the remaining months. You should stay updated with the latest news to find out about the digital currencies available in the market.
You should acquire information about the technical analysis and other information related to the cryptocurrency you want to invest in or trade.