Bitcoin has been the most popular cryptocurrency in the world. It made its inception on 3rd January 2009. The man behind the foundation of this crypto is an anonymous identity named Satoshi Nakamoto. It became a much-preferred pick for most investors owing to its global fame. However, it did not remain a buzz for long as more cryptocurrencies came into being. These are called altcoins. Every crypto project has something new to offer. But it is up to us to search for the best. So today we have come up with the list of top 5 cryptos to watch out for investment in 2022.
Top 5 Cryptos to invest in 2022; find out which are they
Below are the coins to watch out for in 2022. Let us know each of them and know what brings them to the top list.
The need for the development of blockchain took place to ease individuals in doing transactions without relying upon a third party. This is the reason behind the popularity of DeFi (Decentralized Finance). At the helm of it is the DeFi coin. DeFi Swap is the native exchange, where you can easily buy the DeFi coin.
Apart from facilitating users with P2P transactions efficiently and budget-friendly, the crypto coin has also facilitated remarkable returns for investors. After the delay in its early launch, the DeFi coin ended up with a rise of 300% within hours. Staking is another best way to earn this crypto.
This brings necessary for investors to lock the coins on its native exchange DeFi Swap for a particular time. Now you will wonder what advantage they get in doing so. Well, they can earn 75% interest per annum with it.
Efficiency is the one major reason that makes blockchain catch attention. Transactions done through regular financial institutions like banks take up much time to reflect on the beneficiary’s side. Blockchain projects like Avalanche have resulted in speedy procedures by blending three networks. These are the Contract chain, Exchange chain, and Platform chain. Every chain comes with its own advantages. The combo of these 3 chains together makes Avalanche a great platform as they result in quick transactions and network resilience.
By competing in the same market, Avalanche shares similarities with Ethereum in terms of what they offer. According to some investors, it comes as a tough competitor to Ethereum’s project.
Battle Infinity follows the list of the top 5 cryptos to invest in 2022. It is an NFT-based fantasy sports game that lets players access six platforms. IBAT is the native token of the platform, which can be purchased on Battle Swap. This is the decentralized exchange of the game that lets selling of rewards and other currencies by the players.
While exploring the Battle Market, players have the advantage of getting non-fungible tokens for their avatars. They can even make the best use of NFTs for adding apparel and making their characters more fashionable. All is possible at Battle Market. Before your character enters the battle arena, you can opt for any color of its hair.
Also Read This: Why Investing in Crypto is a Good Idea Now
Lucky Block (LBLOCK)
LBLOCK can also be the best crypto choice to buy in 2022. It is the native crypto token of the Lucky Block platform that rewards its participants. Lucky Block has changed itself into an NFT competition platform providing players a golden opportunity to win $50K as a prize in LBLOCK. Another alternate method players can opt to earn is buying LBLOCK and holding it as an investment. LBLOCK has shown its worth on epic bull run.
It took only 2 weeks for LBLOCK to facilitate investors with 1,100% returns in February 2022. These are the major gains for a brief period. Hence this proves the point that LBLOCK can be the best choice for investment. For the development of its platform, Lucky Block is looking for new ways. And it will be done with a motive to benefit players in buying NFTs with fiat money. The next development would be the second version of LBLOCK. So far the platform has reached success after the listing of its native crypto token on exchanges – LBank and MEXC.
Investors who are looking for a substitute for Bitcoin can refer to Bitcoin Cash (BCH). It is the fork of BTC that emerged after the split in the blockchain. It is the hard fork of Bitcoin. Current the latter crypto coin (BTC) is priced at $20,981.47, whereas, Bitcoin Cash is priced at $134.69. The main difference between the BTC and BCH is not just about cost, but also the efficiency and fees.
Another remarkable feature that makes BCH superior to its senior BTC is the transaction speed across the world in a short duration. Its transaction fees cost a few cents in comparison to BTC fees of a few dollars, which take much time to reach the user in the end. This is the main reason why BCH came into being.
So these are some of those top 5 cryptos that you can invest in 2022. If you want to explore more about crypto topics, then you can log on to the Cryptoknowmics website. Here you can find a range of topics including layer 1 crypto projects for 2022.