With a total market capitalisation of about $2.2T and a daily trading volume of more than $100B, one can now safely say that cryptocurrencies have moved into the limelight of global financial markets. Even though the excitement for cryptocurrencies has subsided, the overall interest in cryptocurrencies and their potential remains high as always.
Many people are jumping to cryptocurrency and considering it as a fourth investment tool after real estate, stocks, mutual funds, and bonds report CNBC. This is due to the ease of buying and selling cryptocurrencies on the exchange and of course the potential for high growth in a short period.
According to Grayscale Investments, the digital currency asset manager, 55% of Bitcoin investors started began investing in the last 12 months. Further, the report adds that female investors are showing interest signaling growing mainstream acceptance and rising demand.
If you are interested in investing in cryptocurrencies, well, it’s the right time. However, it can be difficult to select cryptocurrencies considering the options, security, stability, and fluctuations. Further, multiple cryptocurrencies emerge each passing day. So to make your decision easier, we have listed out 10 cryptocurrencies that you can invest in this 2022.
Current price: $0.003734
Coins in circulation: 1,00,00,00,00,000
LuckyBlock is a lottery platform built using Blockchain Protocols, operating on the Binance Smart Chain.
It aims to develop further transparency and fairness in gaming, creating a lottery where every player has better win odds while providing a solid investment strategy for token holders while contributing to the community.
According to Coinmarketcap, LuckyBlock will reduce draw times and allow multiple draws per day, giving players more chances to win while lowering costs per lottery.
Current price: $86.15
Coins in circulation: 267,183,574.76
Avalanche is an open, programmable smart contracts platform for decentralised applications. It directly competes against Ethereum and wants to become a popular blockchain for smart contracts by having a higher transaction output of up to 6,500 transactions per second regardless of scalability, says Coinmarketcap.
Current price: $1,978.36
Coins in circulation: 977,631.04
Maker is a smart contract built on Ethereum and describes itself as a utility token, governance token, and recapitalisation resource of the Maker system. It allows users to issue and manage DAI, a stablecoin pegged to the dollar.
Current price: $2,860.30
Coins in circulation: 120,047,426.56
Ethereum is a decentralised, open-source blockchain with smart contract functionality. To reiterate, smart contracts allow participants to transact with each other without a trusted central authority.
Unlike Bitcoin which is just a digital currency, Ethereum is both a cryptocurrency and blockchain platform. Ether witnessed tremendous growth this year of over 42,000%. Right now, per Ether currency values around $4,100.
Current price: $14.82
Coins in circulation: 467,009,549.52
Chainlink is the most widely used oracle network for powering hybrid smart contracts, enabling any blockchain to securely access off-chain data.
Through a decentralised oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
Current price: $9.41
Coins in circulation: 687,539,809.32
The Uniswap Protocol is an open-source protocol for providing liquidity and trading ERC20 tokens on Ethereum. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for safe, accessible, and efficient exchange activity. It is the largest decentralised exchange (or DEX) operating on the Ethereum blockchain.
Current price: $1.44
Coins in circulation: 872,224,705.57
Enjin is the largest gaming community platform online with over 250,000 gaming communities and 18.7 million registered gamers. Enjin Coin (ENJ) is an Ethereum-based cryptocurrency used to back the value of next-gen fungibles and NFTs.
Basic Attention Token (BAT)
Current price: $0.8114
Coins in circulation: 1.50B
Basic Attention Token or BAT is a blockchain-powered token for the digital advertising industry. The token pays publishers for their content and users for their attention while providing advertisers with more in return for their ads.
Current price: $0.000001184
Coins in circulation: NA
Bitgert is a crypto engineering organisation that has built the fastest blockchain which has the speed of 100,000 transactions per second and near-zero transaction fee. It is the fastest-growing ecosystem with projects spanning DeFi, NFTs, Web3 & Much More.
Current price: $89.50
Coins in circulation: 320,357,876.46
Solana is a blockchain network that is seen as a competitor to Ethereum. It is developed to help end-user applications like decentralised finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. Another amazing thing about this coin is that it can process over 700,000 transactions per second. This cryptocurrency has grown about 26,500% this year.