Investing in cryptos is the new craze right now. Known for their massive volatility, crypto coins can bring in profits. There have been instances of crypto investors turning millionaires overnight due to a stunning jump in a crypto coin. With over 20,000 crypto coins available in the crypto space today, it might be challenging to find the right crypto to help you gain higher profits.
If you want to get the most out of your crypto investments, here are the best coins you need to focus on in 2022. Let’s take a look.
Best Crypto You Can Invest In 2022
Lucky Block (LBLOCK)
A cryptocurrency platform called Lucky Block is transforming the lottery industry. Lucky Block is hosted on Binance Smart Chain. It uses blockchain technology to increase each participant's chances of winning, increases transparency, and reduce the time between draws. The ecosystem is based on Lucky Block tokens. A built-in "burn rate" in LBLOCK also causes the supply to decrease gradually, raising the token's price.
Battle Infinity token (IBAT)
Battle Infinity token is one of the newest and most promising cryptocurrencies to invest in. It is the native token of Battle Infinity, a popular metaverse fantasy game. To advance in their leagues, participants in fantasy sports establish teams and engage in combat with one another. Users of this gaming platform will receive earnings from a stake pool. However, this crypto is still in its nascent stage. So, make sure to learn more about it before investing.
DeFi Coin (DEFC)
DeFi Coin is a cryptocurrency token firmly based in the rapidly growing decentralised finance (DeFi) sector. It is the native token of DeFi Swap, a decentralised exchange providing swapping, yield farming and staking services. The DeFi Swap team opted to launch the exchange in early May despite spending months preparing for it, which sent the price of the DeFi Coin (DEFC) soaring by more than 300%.
A 10% tax is imposed on all purchases and sales of DeFi Coin, which allows for a static reward for all investors. To compensate DEFC holders, 50% of the collected money is returned to them as rewards, creating a recurring stream of passive income. The rest goes to the liquidity pool of DeFi Swap.
Binance Coin (BNB)
One of the biggest cryptocurrency exchanges in the world, Binance, accepts the cryptocurrency known as Binance Coin for trading and commission payments. Binance Coin has evolved since it first appeared in 2017, and it now serves more purposes than just facilitating transactions on Binance's trading platform.
Now, it may be used to carry out transactions, manage payments, or even make travel arrangements. It may also be exchanged or converted into different cryptocurrencies, such as Bitcoin or Ethereum. The cost of BNB was only $0.10 in 2017. Its price increased by over 410,000% to around $413 starting in March 2022.
Solana (SOL)
Solana is a blockchain platform designed to power smart contracts, decentralised apps, and financial applications (DeFi). It uses a unique hybrid PoS (proof-of-stake) and PoH (proof-of-history) technique for quick and safe transaction processing. SOL is Solana's native token.
SOL's pricing began at $0.77 when it first went on sale in 2020. Its price had increased by approximately 13,000 % by March 1, 2022, to around $101. The previous year has seen a massive jump in Solana price.
Polkadot (DOT)
The 2016-founded Polkadot blockchain interoperability protocol has been designed to link various chains. Additionally, it enables secure data exchange and transaction processing for parachains or parallel blockchains. Developers can use the Polkadot security to build their blockchains. The price of Polkadot peaked in May 2020 at $6.30 and reached an all-time high of $55.11 in May 2021.
Litecoin (LTC)
Litecoin (LTC), an open-source blockchain project created by Charlie Lee, a former software developer for cryptocurrency exchange Coinbase, was released in 2011. It has been one of the first digital currencies with code that imitated Bitcoin's. It is intended to offer a faster confirmation time for the transactions. It can be used as a direct payment option. LTC is often referred to as the "silver to Bitcoin's gold."
The overall round-off supply of Litecoin is 84 million coins. It reached an all-time high of $413.47 in May 2021 but fell by more than 50%. The number of businesses accepting Litecoin is rising. It ranks as the 21st largest cryptocurrency globally, with a per-token value of roughly around $106.
Ethereum (ETH)
If you are looking for passive income and value growth, then Ethereum will be a perfect choice. It is also highly suitable for those looking to start an online business on the blockchain network. It has also become a preferred platform for launching new NFTs. Ethereum has grown dramatically in the past few years. Its cost increased by more than 27,000 %, from roughly $11 in April 2016 to over $3,000 at the start of March 2022.
Bitcoin (BTC)
The first cryptocurrency, Bitcoin (BTC), was created in 2009 by a person going by the identity Satoshi Nakamoto. Like most other cryptocurrencies, BTC runs on blockchain technology, a shared ledger that keeps track of transactions and is shared over a network of thousands of computers.
Because modifications to the distributed ledgers must be verified by solving cryptographic problems, a process known as proof of work, Bitcoin is kept secure and shielded from fraudsters. As Bitcoin has gained popularity, its price has risen. The price of a BTC was approximately $500 in May 2016. Interestingly, the cost of a single Bitcoin was above $44,000 on March 1 2022. That is an increase of nearly 7,800%!
These crypto analyses and forecasts are based on the most recent information accessible. However, since unexpected threats could arise in the crypto sphere, things could shift drastically and quickly. Disruptive technology, emerging trends, and regulatory changes could also greatly impact the performance of certain digital coins and the whole cryptocurrency market.
Investors are urged to stay current on the most recent cryptocurrency news, understand their risk tolerance, and act prudently on it.
