We provide a roundup of 12 new cryptocurrency to invest in that have the potential to scale for mass adoption in financial markets, but also other areas of the economy, from cloud computing to content delivery networks.

In our survey we will resist the temptation to take an adversarial approach, where crypto’s gain is taken to be the current incumbents’ loss. We don’t believe that is how things will develop. Indeed, many of today’s leading SaaS companies are likely to be leaders in adopting aspects of blockchain technology.

To have the best shout at gaining exposure to the best the crypto sector has to offer, it is probably necessary to diversify across the asset class’s various sub sectors, which is what we have tried to do with our nifty dozen picks.

We have picked 12 cryptocurrency with the technology, adoption progress, execution and product marketing prowess to deliver on the promise of blockchain as a disruptor and disintermediator that could change the face of the SaaS space in innovative and profitable ways.

As with all definitions, competing ones can bleed into each other, but we have grouped our token selections into the following four business sectors, with three crypto in each:

Here’s our 12 Best New Cryptocurrency to Invest in 2022

Before you get started, you might also want to read our Best Bitcoin Brokers in the UK guide for a breakdown of the most popular places to buy cryptos in 2022.

Web 3.0 cryptocurrency for 2022

1. Lucky Block – transforming lotteries with blockchain tech

Lucky Block is a new lottery platform that aims to revolutionise the $330 billion global industry by solving, among other things, the lack of transparency and trust in current lottery products. Breaking the grip of the centralised lottery operators by applying the power of ‘Web 3.0’ decentralised networks is how Lucky Block plans to succeed.

With Lucky Block, winners are not just randomly generated in a verified manner but players will be able to vote on where charitable donations go – with all transactions visible on the public blockchain.

In addition, the cost savings that accrue from running lottery draws on a blockchain are the basis for better odds for ticket buyers. The benefits don’t end there. Lucky Block, which launches on 21 March when the desktop app is scheduled to be available, also pays a token distribution to every token holder. Ten per cent of every jackpot goes to token holders.

Then there is the added allure of the 12% transaction fee on sales of the native token of the platform, LBLOCK, which acts to incentivise long-term investment as opposed to purely speculative trading so common in crypto hitherto.

Lucky Block’s mission is nothing less than the replacement – or supplementing – of national lotteries with a truly global system open to all. There’s all to play for, so to speak.

Data in table below is from decentralised exchange PancakeSwap. We have included volume data from centralised exchange LBank, where LBLOCK also trades.

Launch partners

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Cryptoassets are a highly volatile unregulated investment product. 

2. Tron Network (TRX) – multi-faceted dapp platform

TRON is a multi-faceted decentralised application platform operating with a delegated Proof-of-Stake (DPoS) consensus mechanism.

Tron was founded by Justin Sun who has become one of the best known characters in crypto. In 2018 Tron made the audacious move of acquiring BitTorrent, the peer to peer file sharing network. As a direct result of that purchase the BitTorrent Token (BTT) was launched soon after.

Tron momentum has slowed from a couple of years ago, but it is still one of the most active blockchains.

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Cryptoassets are a highly volatile unregulated investment product. 

Metaverse and NFT cryptocurrency for 2022

3. The Sandbox (SAND) – metaverse and gaming digital asset monetisation platform

The Sandbox platform is an ecosystem where gamers can create, own, and monetise their activities wit the help of non-fungible tokens (NFTs) and its utility token $SAND. NFTs are in effect a digital certificate of ownership.

Players can use NFTs to assign verifiable ownership to their digital assets integrate into games and trade on marketplaces. The Sandbox provides tools such as the Game Maker to enable player engagement.

Also, The Sandbox virtual world – or metaverse – is comprised of digital lots of real estate bought with LAND tokens, where players can become digital property developers and interact.

Companies such as Facebook owner Meta are betting big on the metaverse as the next iteration of the internet, where people will work, play, socialise and shop, so there will be money to be made.

An unknown buyer recently paid $450,000 for a patch of virtual land next to rapper and businessman Snoop Dogg’s Sandbox ‘residence’.

The Sandbox is an excellent new cryptocurrency to buy.

Institutional investors

• Binance Labs
• HASHED
• True Global Ventures

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Cryptoassets are a highly volatile unregulated investment product. 

4. Filecoin (FIL) – distributed file transfer and storage

Filecoin is a relatively new cryptocurrency to invest buy for exposure to distributed data storage network that seeks to turn unused data storage into a business resource, where those with excess capacity are able to sell it users seeking greater capacity.

Exchange takes place in an automated algorithmically driven marketplace.

The network is built on top a protocol known as InterPlanetary File System (IPFS), acting as both a layer to incentivise participation in the network and provide security in addition to its peer-to-peer sharing of storage.

Protocol Labs is the company behind Filecoin.

Institutional investors

• Ausum Ventures
• Blockchain Capital
• BlueYard Capital
• Boost VC
• Coefficient Ventures
• Continue Capital
• Digital Currency Group
• Galaxy Digital
• Kosmos Capital
• Nirvana Capital
• Notation Capital
• Pantera Capital
• Placeholder VC
• Y Combinator
• a16z Crypto
• zk Capital

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Cryptoassets are a highly volatile unregulated investment product. 

5. Enjin (ENJ) – gaming community platform, virtual goods marketplace

Enjin Coin is another game-focused metaverse product from the crypto world, this time focused on making its token the go-to digital asset for in-game items. Enjin aim is to become the “largest gaming community platform online” and already boasts the involvement of 250,000 gaming communities with a total of 18.7 million gamers.

The Enjin team are innovators in the NFT field, with a token they invented winning approval as an Ethereum token standard for specialised NFTs – ERC-1155.

Similarly to the The Sandbox, Enjin distributes software development kits (SDKs) to developers in order to facilitate rapid deployment of integrations into games.

Institutional investors

• CoinFund
• Coinbase Ventures
• DT Capital Partners
• Digital Currency Group
• Framework Ventures
• Kilowatt Capital
• LedgerPrime
• Lemniscap
• Multicoin Capital
• ParaFi Capital

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Cryptoassets are a highly volatile unregulated investment product. 

6. Decentraland (MANA) – Metaverse virtual world

Decentraland is similar to The Sandbox in its virtual world aspect and another solid cryptocurrency to invest in. Here there are also LAND tokens which are purchased with the ERC-20-compatible MANA token that runs on the Ethereum blockchain.

Again NFTs are used to assign ownership to the digital real estate. And just like in the real world, the most valuable LAND is to found in the busiest places.

NFT-focused company Tokens.com spent nearly $2.5 million on LAND in the virtual world in an indication of the burgeoning interest in the metaverse and the commercial opportunities it offers.

And at the end of January the metaverse’s first mortgage was taken out. On 29 January TerraZero, a vertically integrated metaverse company, advanced financing to one of its clients so they could buy Decentraland real estate.

While Mark Zuckerberg’s Meta Platforms is spending billions to build its metaverse, crypto have been quietly building an ‘open’ metaverse for a number of years, and at far less cost.

Institutional investors

• Animoca Brands
• Boost VC
• Digital Currency Group
• Fabric Ventures
• Fundamental Labs
• HASHED
• Kenetic Capital
• Kosmos Capital

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Cryptoassets are a highly volatile unregulated investment product. 

DeFi cryptocurrency for 2022

7. Uniswap (UNI) – decentralised exchange

Uniswap took original form in 2016 in the mind of Ethereum co-founder Vitalik Buterin as a blue-sky idea he was musing about. As with Curve, it operates with an automated market making system that obviates the need for an order book. Prices are determined by the ratio of the paired swapping assets.

Uniswap is the largest DEX by volume and its AMM system solves the problem of low liquidity in assets that hard are deemed hard to trade by traditional market makers. Because on a DEX anyone can be a market maker, thin liquidity is not an issue.

Institutional investors

• Andreessen Horowitz
• Coinbase Ventures
• Defiance Capital
• Delphi Digital
• ParaFi Capital
• Paradigm
• Three Arrows Capital

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Cryptoassets are a highly volatile unregulated investment product. 

8. Curve (CRV) – decentralised exchange

Curve protocol has been a fast-grower in the decentralised finance (DeFi) sector. Its approach was initially centred on leveraging the liquidity of stablecoins to create more stable sources for yields on loans. There are no order books for the markets on Curve, with market making instead an automated process built around liquidity pool trading pairs.

Today it has expanded to become a venue trading all manner of coins with pegged values, such as so-called wrapped tokens that run blockchains other than Ethereum where Curve runs.

Currently, Curve has 122 different liquidity pools for the pairs that can be swapped on the decentralised exchange (DEX), where its highly competitive trading fees, deep liquidity and constrained slippage (when the price slips between the time the trade execution began and it finishing).

At this point, we rate Curve as a safe choice of cryptocurrency to invest buy.

Institutional investors

• Fuel Venture Capital
• Crowdcube
• CreditEase Fintech Investment Fund
• Outward VC

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Cryptoassets are a highly volatile unregulated investment product. 

9. PancakeSwap (CAKE) – decentralised exchange

PancakeSwap is a decentralised exchange (DEX) that run on the Binance Smart Chain (BSC) and is also based on automated market making system. PancakeSwap is a fork of SushiSwap, which is another Ethereum-based DEX.

A fork refers to a coin that shares it’s codebase with another crypto, but there are differences that add extra features. In this case, the change is the DEX runs on the Binance Smart Chain which is faster and cheaper to transact over.

BSC is built by the world”s largest crypto exchange Binance and operates with a form of what is known as a proof of stake system, where just 21 validators verify transactions as oppose to thousands of nodes on Ethereum.

CAKE is a relatively new cryptocurrency to invest in and we think it has much further to grow in the DEX space.

Institutional investors

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Cryptoassets are a highly volatile unregulated investment product. 

Data management cryptocurrency for 2022

10. The Graph (GRT) – indexing protocol for querying blockchains

We take for granted that the internet “just works”, without having to think about how universal resource locators (urls – web links) actually work of what TCP/IP protocols are. Without them there would be no Google search engine. The Graph is attempting to build the indexing standard for the decentralised application world, so that data on blockchains can be queried in an easily accessible way.

Developers build applications with The Graph’s open APIs can readily access on-chain data that have been previously indexed by a network of node operators.

The Graph’s technology – called Subgraphs – is open source so all-comers can build decentralised apps (dApps) using them. Among the many Ethereum dApps using Subgraphs are high-profile projects Audius, Uniswap, and Synthetix.

GRT is a good strategic pick for a cryptocurrency to invest in for your portfolio.

Institutional investors

• Coinbase Ventures
• DT Capital Partners
• Digital Currency Group
• Framework Ventures
• Kilowatt Capital
• LedgerPrime
• Lemniscap
• Multicoin Capital
• ParaFi Capital
• Tally Capital

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Cryptoassets are a highly volatile unregulated investment product. 

11. Chinalink (LINK) – decentralised oracle network

Chainlink’s purpose is to solve the problem of connecting smart contracts to real-world events in a secure fashion. Smart contracts are pieces of code that embody certain business logic, such as when to pay an interest on a loan. In order to known when to make the payment to lenders, the smart contract in this case would need to know the calendar date.

Real-world information such as this is provided by ‘oracles’, which are in effect data feeds of one kind or another that exist off-chain. Chainlink is a network of independent oracle node operators, which makes it more secure than previous oracle services.

Services such as those provided by Chainlink are emerging as the essential plumbing of the blockchain world.

Institutional investors

• Anmi OECD
• Consensus Capital
• Framework Ventures
• Outlier Ventures

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Cryptoassets are a highly volatile unregulated investment product. 

12. Dent (DENT) – decentralised mobile data marketplace

Dent says its vision is to create a global exchange using the Ethereum blockchain, where everyone has the opportunity to buy and sell mobile bandwidth in any country. With 7.26 billion thought to own a smart or feature phone – 91.62% of the world’s population – the business opportunity in this market is immense.

The company has already attracted more than 25 million mobile device users onto its decentralised marketplace for trading data surpluses. Dent’s service is available in more than 140 countries.

It is making significant strides forward in enterprise. Dent has partnerships in place with Samsung Blockchain and Telecom Infra, for instance.

Institutional investors

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Cryptoassets are a highly volatile unregulated investment product. 

Conclusion – the best cryptocurrency to buy March 2022

Prices in the crypto market are rangebound at the moment, with altcoins taking their cue from bitcoin. With bitcoin trading around the $38,000 mark there is much chatter as to whether a breakout to the upside is imminent, perhaps assisted by the geopolitical tensions affecting the global economy in the first quarter of 2022.

The juries out on the exact timing of any such breakout. Nevertheless, we think the market is at or near the bottom for this cycle. That means a diversified portfolio of crypto assets based among the 12 coins highlighted here, should provide investors with plenty of upside.

If held for the medium term, which would be for up to three years, buying crypto assets near cycle lows presents an excellent risk-reward opportunity.

Investors may wish to consider dollar cost averaging into the market by buying relatively small amount on a regular basis to smooth out returns, thereby foregoing the need to attempt to time the best moment to invest a lump sum.

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Cryptoassets are a highly volatile unregulated investment product. 

Cryptocurrency is digital money that isn’t managed by a central system like a government. Instead, it’s based on blockchain technology, with bitcoin being the most popular one. As digital money continues to gain traction on Wall Street, more and more options become available. There are currently almost 8,900 cryptocurrencies on the market.

While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, volatility makes investing in cryptocurrency risky, so it’s important to know what you’re getting into before you buy in. These are eight top cryptocurrencies that are worthy of investment in 2022.

Top 8 Cryptocurrency Investments in 2022

1. Bitcoin (BTC)

Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it’s the leader, with a price and market cap that’s much higher than any other crypto investment options.

Many businesses already accept bitcoin as payment, which makes this cryptocurrency a smart investment. Visa, for example, transacts with bitcoin. Additionally, Tesla announced in February 2021 that it had invested $1.5 billion in it, and for a time, the company accepted it as payment for its cars — and it might again if mining it becomes more environmentally friendly. Plus, the larger banks are beginning to incorporate bitcoin transactions into their offerings.

Risks of Investing In Bitcoin

The value of bitcoin tends to fluctuate a lot. You may see the price go up or down thousands of dollars during any month. If wild fluctuations like these make you nervous, you may want to avoid bitcoin. Otherwise, as long as you keep in mind that cryptocurrency could be a smart long-term investment, these fluctuations shouldn’t be too concerning.

Another reason to reconsider investing in bitcoin is its price. With a single bitcoin costing nearly $40,000, most people can’t afford to buy whole bitcoins. For investors who want to avoid buying a fraction of a bitcoin, this is a negative.

2. Ethereum (ETH)

Ethereum is different from bitcoin because it isn’t only a cryptocurrency. It’s also a network that allows developers to create their own cryptocurrency utilizing the network. While ethereum is far behind bitcoin in value, it’s also far ahead of the other competitors.

Even though it came out years after some other cryptocurrencies, it has far exceeded its place in the market because of its unique technology, and it’s currently the second-largest cryptocurrency behind bitcoin.

Risks of Investing In Ethereum

While the Ethereum platform utilizes blockchain technology, it only has one “lane” for conducting transactions. This can lead to transactions taking longer to process when the network is overloaded. Transaction fees are also high, reaching a peak of $71.72 in May 2021, according to CoinMarketCap.

In 2016, a hack that took advantage of a security flaw led to the loss of more than $50 million worth of ether.

3. Binance Coin (BNB)

After years of relatively level prices, at least by cryptocurrency standards, binance coin took off at the beginning of 2021, surging from about $38 on Jan. 1 of that year to an all-time high of $683 in May. As of March 8, it has slipped back to $382.91.

Because of its performance, binance coin has proven to be one of the more stable investment options. Binance is the world’s largest cryptocurrency exchange, according to CoinMarketCap, but despite its extensive functionality and the coin’s success in Binance sub-projects, binance coin is still a highly volatile investment.

Risks of Investing In Binance Coin

What sets binance coin apart from its competitors is that it was created by a company instead of a group of tech developers. Although binance coin’s commitment to maintaining a strong blockchain has won over many skeptics, some investors remain leery of this cryptocurrency and its potential security issues.

4. Cardano (ADA)

The Cardano network has a smaller footprint, which is appealing to investors for several reasons. It takes less energy to complete a transaction on Cardano than on a larger network like Bitcoin. This means transactions are faster and cheaper. Last year, Cardano launched a “hard fork,” an upgrade that increased functionality — in this case, enabling smart contract deployment.

Cardano also claims to be more adaptable and more secure. It consistently improves its development to stay ahead of hackers.

Risks of Investing In Cardano

Even with a better network, cardano may not be able to compete with larger cryptocurrencies. Fewer adopters mean fewer developers. This isn’t appealing to most investors who want to see a high adoption rate. The platform has big plans, but there are doubts about whether it can live up to that potential.

Advice

Don’t be discouraged by fluctuations in the market. Your investment may lose money one day and make a profit the next. Instead of getting caught up in the day-to-day changes, look at the big picture.

5. Polygon (MATIC)

Polygon was created by a development team that made significant contributions to the Ethereum blockchain platform. Polygon is designed for Ethereum scaling and infrastructure development, according to CoinMarketCap. As a “layer two” solution, it expands Ethereum into a multi-chain system, improving transaction and verification speed.

Polygon has backing from the Binance and Coinbase cryptocurrency exchanges. Its token, MATIC, is used for payment services, transaction fees and as a settlement currency.

Risks of Investing In Polygon

Late last year, Polygon disclosed that it had patched a vulnerability that put about $20 million worth of its coins at risk, CoinDesk reported. A hacker discovered the exploit and notified Polygon, which had a fix in place within two days. However, black-hat hackers had already stolen over 800,000 tokens, leaving Polygon on the hook for about $1.4 million.

6. Solana (SOL)

Solana has taken the crypto world by storm, starting in 2021 with 0.01% of the market and soaring to a top 10 cryptocurrency by market cap by September 2021, giving its main competitor, ethereum, a run for its money. As of March 2022, solana ranks ninth in terms of market cap, which currently sits at $26.4 billion, according to CoinMarketCap. Its appeal lies in the speed and scalability of its network and the ease with which it can be used to create decentralized apps that run on a blockchain, Decrypt explained.

Risks of Investing In Solana

Solana has seen an astounding appreciation of nearly 4,000% over the past year, and prices could drop as quickly as they grew. Reliability might also be an issue, considering Solana suffered a nearly day-long outage due to “resource exhaustion,” according to Bloomberg, as reported by CNBC.

7. Avalanche (AVAX)

Avalanche is a new “layer one” blockchain — a blockchain that improves the base protocol to make the system more scalable, as Binance described it — founded as an Ethereum competitor by Ava Labs and computer scientists at Cornell University, one of whom, professor Emin Gun Sirer, is a veteran in cryptographic research, according to CoinMarketCap. Whereas Ethereum’s nodes must all validate each transaction, Avalanche’s three individual blockchains can validate transactions independently. This makes Avalanche more scalable and better able to handle large volumes of transactions — up to 6,500 per second. As a result, it’s increasingly popular among Ethereum projects, U.S. News reported.

AVAX began trading in 2020, in a 24-hour initial coin offering. It price has fluctuated from a low of $9.34 to a high of $146.22 over the past year. The coin currently trades for $74.20.

Risks of Investing In Avalanche

Sirer introduced the cryptocurrency via a white paper in 2018. Its launch took place in 2020. With such a short history, avalanche doesn’t have a track record for comparison, making it a riskier investment for potential buyers.

8. Chainlink (LINK)

Chainlink uses a decentralized oracle network to facilitate secure interactions between blockchains and external data feeds, events and payment methods the developers hope will allow smart contracts to become the dominant form of digital payment, according to CoinMarketCap.

One thing working in Chainlink’s favor is a strategic partnership with Google under which Google uses Chainlink’s protocol to connect users to its cloud services, Benzinga reported. The project’s advisors include former Alphabet Chairman Eric Schmidt, DocuSign co-founder Tom Gonser and former LinkedIn CEO Jeff Weiner, according to Securities.io.

Risks of Investing In Chainlink

Despite its proven utility and support from major players, chainlink has experienced the same kind of volatility as other cryptocurrencies. Its price dropped from about $52 in May 2021 to just over $13 in March.

Advice

Don’t settle on any number of cryptocurrency investments without continuing to learn about the market. A new cryptocurrency network could easily climb the ranks and emerge as a leader above other platforms. As an investor, the smartest thing you can do is to stay abreast of market happenings.

Rating the Top Cryptocurrency Choices

Run a quick online search and you’ll find dozens of recommendations for how to invest in cryptocurrency. In choosing the top eight picks, the following factors were considered.

Longevity

How long has the cryptocurrency been around? New cryptocurrencies aren’t immediately ruled out, but having historical data for comparison helps you see how a company has performed up until now.

Track Record

How has the company performed during its years in business? If you see stability in prices, that’s a good sign. If you notice that the cryptocurrency is gaining traction and becoming more valuable with time, that’s even better.

Good To Know

Past performance is not indicative of future performance. At any time things can change, and an investment may perform better or worse than it has in the past.

Technology

How does the platform compare to others in terms of usability and security? The first thing you want to look for is the speed at which transactions occur. The network should be able to handle transaction traffic with ease.

You also want to make sure your investment is secure. Most cryptocurrencies use blockchain technology, making all transactions transparent and easy to track. Blockchain technology doesn’t necessarily make it harder for hackers to steal your cryptocurrency. It does make it easier to track your investment so it can be recovered instead of being lost following fraud.

Adoption Rate

How many people are investing in the cryptocurrency you’re considering? When you see a high level of adoption, that means the cryptocurrency has better liquidity. Trading, selling or spending will be easier in the future.

Final Take

There’s no question about it: Cryptocurrencies are here to stay. The question becomes, where is the best place to invest your money in the market?

As you decide which cryptocurrency is the best investment for you, here are some other things to keep in mind:

• The speed at which transactions are completed
• The fees associated with transacting
• The ability to use your cryptocurrency for regular purchases and bank transfers

If you’re strictly looking to invest without transacting within the network, remember that cryptocurrency isn’t a get-rich-quick scheme. Instead, you should consider it a long-term investment.

GOBankingRates’ Crypto Guides

Daria Uhlig contributed to the reporting for this article.

Data is accurate as of March 8, 2022, and subject to change.

This article originally appeared on GOBankingRates.com: 8 Best Cryptocurrencies To Invest In for 2022

This article features top cryptos like Bitcoin, Ethereum, and more that are worth investing in 2022.

2021 will be forever remembered as the year of the memecoin. A year in which you could’ve made thousands of dollars on a cryptocurrency based on pictures of a Japanese dog, bitcoin investing 2022 21. But will these trends survive into 2022? Or will crypto investors be looking for more stable coins, or trusting in developers who build in NFT marketplaces, play-to-earn games, or provide ways to gain passive income?

Today bitcoin investing 2022 21 compare the top memecoins and the top utility projects to see which cryptos will define 2022.

Bitcoin (BTC)

Bitcoin is the most famous cryptocurrency, enjoying around 40% of the total industry market cap in value. Bitcoin was the first and is still the biggest with rival Ethereum starting the year with 20% of the industry market cap, bitcoin investing 2022 21. But with Bitcoin standing at a mere $38,000 a coin, is bitcoin investing 2022 21 any point in having the world’s most famous crypto among your investments for 2022? Most analysts would answer yes. 

Besides being a robust cryptocurrency, Bitcoin has real-world use bitcoin investing 2022 21 days and can be bought and sold easily at a low cost, and is recognised globally.

The Independent predicts Bitcoin to rally past $100,000 per coin in 2022, which would see well over 100% returns for those just joining or remaining faithful to the original cryptocurrency.

Ever Bitcoin investing 2022 21 (EGC)

Probably the least known crypto on our list, EGC is one of the most exciting new crypto projects set to disrupt in 2022. With a current market cap of around $350 million, it’s a small project but represents the top developers flocking to the cryptocurrency industry. While memcoins come and go, the crypto ticks all the boxes of a coin of fundamental utility and potential to create a new way of doing things.

For example, it’s paid out over $33 million to its 100,000+ holders in just four months of operating without them doing anything. It does this by paying out a percentage of any Ever Grow EGC transaction to holders as a form of passive income.

A risky newcomer? Sure. But it looks worthy of a crypto investment in 2022 in case it becomes a serious contender, bitcoin investing 2022 21.

Shiba Inu (SHIB)

Shiba Inu currently sits at a staggering $12 billion market cap, and anyone who began the year with the investment will be cashing in their good luck. Some analysts say a 43 million percent price increase in this memecoin in 2021. But is there still potential to make money from Shiba in 2022? 

Popular price prediction website Bitcoin investing 2022 21 sees Shiba rising by a more modest 50% by the end of the year. This would still mean upsides for Shiba Inu investors over the next 12 months – but perhaps not enough to mint another 1000 Shiba millionaires.

Dogecoin (DOGE)

When Elon Musk isn’t blasting rockets into space, he’s tweeting about a cryptocurrency named after a dog – Dogecoin. The coin began way back in 2013 and over the years has become famous for sending the Jamaican bobsled team to the Olympics and more recently as payment for Tesla merch. $1000 invested in Doge at the beginning of 2021 would’ve grown to an amazing $38,500 over the course of the year. 

Despite this already meteoric growth,www.walletinvestor.com has an end of 2022 price prediction for Dogecoin of $0.4, bitcoin investing 2022 21, which would net investors a further 130% in returns by December 2022.

Ethereum (ETH)

Ethereum, is the world’s second-biggest cryptocurrency by market cap, at $313 billion, under half that of Bitcoin at number one. Despite a major bug in summer 2021, investors in Ethereum would’ve still seen around 450% returns over the course of the year, bitcoin investing 2022 21. Many top developers also build on its platform and provided some of the highest growing cryptocurrencies in 2021.

With the Ethereum 2.0 upgrade planned for 2022, and backing from celebrities like billionaire Mark Cuban, Ethereum could become a bitcoin investing 2022 21 Bitcoin challenger.

WalletInvestor predicts Ethereum could more than double over the next 12 months, hitting $5300 by the end of the year.

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Investing in Bitcoin (BTCUSD) can seem complicated, but it is bitcoin investing 2022 21 easier when you break it down into steps. Investing or trading Bitcoin only requires an account at a service or an exchange, bitcoin investing 2022 21, although further safe storage practices are recommended.

There are several things that aspiring Bitcoin investors need: a cryptocurrency exchange account, personal identification documents if you are using a Know Your Customer (KYC) platform, a secure connection to the Internet, and a method of payment. It is also recommended that you have your own personal wallet outside of the exchange account, bitcoin investing 2022 21. Valid methods of payment using this path include bank accounts, debit cards, and credit cards. It is also possible to get bitcoin at specialized ATMs and via P2P exchanges.

Before You Buy Bitcoin

Privacy and security are important issues for Bitcoin investors. Anyone who gains the private key to a public address on the Bitcoin blockchain can authorize transactions. Private keys should be kept secret—criminals may attempt to steal them if they learn of large holdings. Be aware that anyone can see the balance of a public address you use. The flip side to this public information is that an individual can create multiple public addresses for themselves. Thus, they can distribute their stash of Bitcoin over many addresses. A good strategy is to keep significant investments at public addresses that are not directly connected to ones that are used in transactions.

Anyone can view a history of transactions made on the blockchain—even you. Although transactions are publicly recorded on the blockchain, identifying user information is not, bitcoin investing 2022 21. On the Bitcoin blockchain, only a user's public key appears next to a transaction—making transactions confidential but not anonymous. In that sense, Bitcoin transactions are more transparent and traceable than cash because all of them are available for public view, unlike private cash transactions. But Bitcoin transactions also have an element of anonymity built into their design. It is very difficult to trace the transacting parties—i.e., the sender and recipient of the bitcoin—on the cryptocurrency's blockchain.

International researchers and the FBI have claimed they can track transactions made on the Bitcoin blockchain to users' other online accounts, including their digital wallets. For example, if someone creates an account on Coinbase, they must provide their identification. Now, bitcoin investing 2022 21, when that person purchases bitcoin, it is tied to their name. If they send it to another wallet, it can still be traced back to the Coinbase purchase that is connected to the account holder's identity. This should not concern most investors because Bitcoin is legal in the U.S. and most other developed countries.

Buying Bitcoin 

Source: TradingView

We have broken down the steps to buying bitcoin below. Remember that you still need to do your research and select the best option for yourself bitcoin investing 2022 21 on your circumstances.

Step 1: Choose a crypto trading service or venue

The first step in buying bitcoin consists of choosing a crypto trading service or venue. Popular trading services and venues for purchasing cryptocurrencies include cryptocurrency exchanges, payment services, bitcoin investing 2022 21, and brokerages. Out of these, cryptocurrency exchanges are the most convenient option because they offer a breadth of features and more cryptocurrencies for trading.

Signing up for a cryptocurrency exchange will enable you to buy, sell, bitcoin investing 2022 21, and hold cryptocurrency. It is generally best practice to use an exchange that allows its users to withdraw crypto to their own personal online wallet for safekeeping. For those looking to trade Bitcoin or other cryptocurrencies, bitcoin investing 2022 21, this feature may not matter.

There are many types of cryptocurrency exchanges. Because the Bitcoin ethos is about decentralization and individual sovereignty, some exchanges allow users to remain anonymous and do not require users to enter personal information, bitcoin investing 2022 21. Such exchanges operate autonomously and are typically decentralized, bitcoin investing 2022 21, which means they do not have a central point of control.

Although such systems can serve nefarious purposes, they can also provide services to the world's unbanked population. For certain categories of people—refugees or those living in countries with little to no infrastructure for government credit or banking—anonymous exchanges can help bring them into the mainstream economy.

Right now, however, most popular exchanges are not decentralized and follow laws that require users to submit identifying documentation. In the United States, these exchanges include Coinbase, Kraken, Gemini, FTX, and Binance.US, bitcoin investing 2022 21, to name a few. These exchanges have grown significantly in the number of features they offer.

The bitcoin investing 2022 21 universe has grown rapidly in the last decade, with many new tokens competing for investor dollars. With the exception of Bitcoin and certain prominent coins, bitcoin investing 2022 21, such as Ethereum, bitcoin investing 2022 21, not all of these tokens are available at all exchanges. Each exchange has its own set of criteria to determine whether to include or exclude the trading of certain tokens. 

Coinbase, Kraken, and Gemini offer Bitcoin and a growing number of altcoins. These three are probably the easiest on-ramps to crypto in the entire industry. Binance caters to a more advanced trader, offering more serious trading functionality and a better variety of altcoin choices. FTX, a fast-growing crypto exchange that has garnered a multibillion-dollar valuation, offers a restricted number bitcoin investing 2022 21 altcoins to U.S. investors. However, traders outside the U.S. have a greater choice of tokens on its platform.  

An important thing to note when creating a cryptocurrency exchange account is to use safe Internet practices. This includes two-factor authentication and a long, unique password that includes a variety of lowercase letters, capitalized letters, special characters, and numbers.

Step 2: Connect your exchange to a payment option

After you have chosen an exchange, you will need to gather your personal documents. Depending on the exchange, these may include pictures of a driver's license or Social Security card, as well as information about your employer and source of funds. The information you may need can depend on the region you live in and the laws within it. The process is largely the same as setting up a typical brokerage account.

After the exchange has verified your identity, you will be asked to connect a payment option. At most exchanges, you can connect your bank account directly or you can connect a debit or credit card. Although you can use a credit card to purchase cryptocurrency, it is not a good idea because cryptocurrency price volatility could inflate the overall cost of purchasing a coin.

Bitcoin is legal in the United States, bitcoin investing 2022 21, but some banks may question or even stop deposits to crypto-related sites or exchanges. It is a good idea to check to make sure that your bank allows deposits at your chosen exchange.

There are varying fees for deposits via a bank account, debit, or credit card. It is important to research the fees associated with each payment option to help choose an exchange or to choose which payment option works best for you.

Exchanges also charge fees per transaction. These fees can either be a flat fee (if the trading amount is low) or a percentage of the trading amount. Credit bitcoin investing 2022 21 incur a processing fee in addition to the transaction fees.

Step 3: Place an order

You can buy bitcoin (or other cryptocurrencies) after choosing an exchange and connecting a payment option. In recent years, cryptocurrency exchanges have slowly become more mainstream. They have grown significantly in terms of liquidity and their breadth of features. The operational changes at cryptocurrency exchanges parallel the change bitcoin investing 2022 21 the perception of cryptocurrencies. An industry that was once thought of as a scam or one with questionable practices is slowly morphing into a legitimate one that has drawn interest from all the big players in the financial services industry.

Now, cryptocurrency exchanges have gotten to a point where they have nearly the same level of features as their stock brokerage counterparts. Crypto exchanges today offer a number of order types and ways to invest. Almost all crypto exchanges offer both market and limit bitcoin investing 2022 21, and some also offer stop-loss orders. Of the exchanges mentioned above, Kraken offers the most order types. Kraken allows for market, limit, stop-loss, stop-limit, take-profit, and take-profit limit orders.

Aside from a variety of order types, exchanges also offer ways to set up recurring investments, allowing clients to dollar-cost average into their investments of choice. Coinbase, for example, lets users set recurring purchases for every day, week, or month.

Step 4: Safe storage

Bitcoin and cryptocurrency wallets are a place to store digital assets more securely. Having your crypto outside of the exchange and in your personal wallet ensures that only you have control over the private key to your funds. It also gives you the ability to store funds away from an exchange and avoid the risk of your exchange getting hacked and losing your funds, bitcoin investing 2022 21.

Although most exchanges offer wallets for their users, security is not their primary business. We generally do not recommend using an exchange wallet for large or long-term cryptocurrency holdings.

Some wallets have more features than others. Some are Bitcoin only, and some offer the ability to store numerous types of altcoins. Some wallets also offer the ability to swap one token for another.

When it comes to choosing a Bitcoin wallet, you have a number of options. The first thing you will need to understand about crypto wallets is the concept of hot wallets (online wallets) and cold wallets (paper or hardware wallets).

Hot wallets

Online wallets are also known as hot wallets. Hot wallets are wallets that run on Internet-connected devices such as computers, phones, or tablets. This can create vulnerability because these wallets generate the private keys to your coins on these Internet-connected devices. Though a hot wallet can be very convenient in the way you are able to access and make transactions with your assets quickly, storing your private key on an Internet-connected device makes it more susceptible to a hack.

This may sound farfetched, but hot wallet holders who haven't set up enough security run the risk of losing funds to theft. This is not an infrequent occurrence, and it can happen bitcoin investing 2022 21 a number of ways, bitcoin investing 2022 21. For example, bitcoin investing 2022 21, boasting on a public forum such as Reddit about how much bitcoin you hold while you are using little to no security and storing it in a hot wallet would not be wise. That said, bitcoin investing 2022 21, these wallets can be made secure so long as precautions are taken. Strong passwords, two-factor authentication, and safe Internet browsing should be considered minimum requirements.

These wallets are best for small amounts of cryptocurrency or cryptocurrency that you are actively trading on an exchange. You could liken a hot wallet to a checking account. Conventional financial wisdom would say to hold only spending money in a checking account while the bulk of your money is in savings accounts or other investment accounts, bitcoin investing 2022 21. The same could be said for hot wallets. Hot wallets encompass mobile, desktop, web, and exchange account custody wallets. 

As mentioned previously, exchange wallets are custodial accounts provided by the exchange. The user of this wallet type is not the holder bitcoin investing 2022 21 the private key to the cryptocurrency that is held in this wallet. If an event were to occur wherein the exchange is hacked or your account becomes compromised, you would lose your funds. The phrase "not your key, not your coin" is heavily repeated within cryptocurrency forums and communities.

Cold wallets

The simplest description of a cold wallet is that it is not connected to the Internet and therefore stands at a far lesser risk of being compromised. These wallets can also be referred to as offline wallets or hardware wallets. These wallets store a user's private key on something that is not connected to the internet and can come with software that works in parallel so that the user can view their portfolio without putting their private key at risk. 

Perhaps the most secure way to store cryptocurrency offline is via a paper wallet. A paper wallet is a wallet that you can generate off of certain websites. It then produces both public and private keys that you print out on a piece of paper. The ability to access cryptocurrency in these addresses is only possible if you have that piece of paper with the private key. Many people laminate these paper wallets and store them in safe deposit boxes at their bank or even in a safe in their home. These wallets are meant for high-security and long-term investments because you cannot quickly sell or trade bitcoin stored this way, bitcoin investing 2022 21.

A more common type of cold wallet is a hardware wallet. A hardware wallet is typically a USB drive device that stores a user's private keys securely offline. Such wallets have serious advantages over hot wallets because they are unaffected by viruses that could infect one's computer. With hardware wallets, private keys never come into contact with your network-connected computer or potentially vulnerable software. These devices are also typically open source, bitcoin investing 2022 21, allowing the community to determine their safety through code audits rather than a company declaring that they are safe to use, bitcoin investing 2022 21.

Cold wallets are the most secure way to store your bitcoin or other cryptocurrencies. But they require more technical knowledge to set up.

A good way to set up your wallets is to have three things: an exchange account for buying and selling, a hot wallet to hold small to medium amounts of crypto you wish to trade or sell, and a cold hardware wallet to store larger holdings for long-term durations.

How to Buy Bitcoin With PayPal

You can also buy bitcoin bitcoin investing 2022 21 payment processor PayPal Holdings, Inc. (PYPL). There are two ways to purchase bitcoin using PayPal. The first and most convenient method is to purchase cryptocurrencies using your PayPal account that is connected to a payment mechanism, such as bitcoin investing 2022 21 debit card or bank account. The second option is to use the balance of your PayPal account to purchase cryptocurrencies from a third-party provider. This option is not as convenient as the first because very few third-party sites allow users to purchase bitcoin using the PayPal button.

Four cryptocurrencies—Bitcoin, Ethereum, Litecoin, and Bitcoin Cash—can be purchased directly through PayPal. With the exception of those who live in Hawaii, residents of all states can either use their existing PayPal accounts or set up new ones. You can also use your cryptocurrencies to purchase products and services through the "Checkout With Crypto" feature.

To set up a crypto account with PayPal, the following information is required: name, physical address, bitcoin investing 2022 21, date of birth, and tax identification number.

It is not possible to use a credit card to purchase Bitcoin using PayPal. During the buying process, PayPal will display a price for the cryptocurrency. But that price is subject to rapid change due to the volatility of cryptocurrency markets. It is a good idea to make sure you have more than the price you budgeted for the purchase in your bank bitcoin investing 2022 21

When you buy bitcoin directly from PayPal, it makes money off the crypto spread or the difference between Bitcoin's market price and its exchange rate with USD. The company also charges a transaction fee for each purchase. These fees depend on the dollar amount of the purchase. For example, a flat fee of $0.50 is charged for purchases between $100 and $200, bitcoin investing 2022 21. Thereafter, the fee is a percentage of the overall dollar amount, bitcoin investing 2022 21. For example, a fee of 2% of the total amount is charged for crypto purchases between $100 and $200.

One disadvantage of purchasing cryptocurrencies through PayPal is that you cannot transfer the crypto outside the payment processor's platform. Bitcoin investing 2022 21, it is not possible for you to transfer your purchased bitcoin from PayPal's wallet to an external crypto wallet or your personal wallet.

The other disadvantage of using PayPal is that very few exchanges and online traders allow the use of the payment processor to purchase payment. eToro is among the few online traders that allow the use of PayPal to purchase bitcoin on its platform.

How to Buy Bitcoin With a Credit Card

The process for purchasing bitcoin with credit cards is similar to the process for buying it with debit cards or through automated clearing house (ACH) transfers. You will need to enter your credit card details with the exchange or online trading firm and authorize the transaction. In general, however, it is not a good idea to purchase bitcoin with credit cards, bitcoin investing 2022 21. There are a couple of reasons for this.

First, not all exchanges allow bitcoin purchasing with credit cards due to associated processing fees and the risk of fraud. This decision may work out in the best interests of customers. This is because credit card processing can tack additional charges onto such transactions. Thus, in addition to paying transaction fees, you will end up with processing fees that the exchange may pass onto you.

The second reason is that credit card purchases can be expensive, bitcoin investing 2022 21. Credit card issuers treat bitcoin purchases as cash advances and charge hefty fees and interest rates on such advances. For example, American Express and Chase both count purchases of cryptocurrencies as cash advance transactions. Thus, if you purchase $100 worth of bitcoin using an American Express card, you how much bitcoin for 200 pay $10 (current cash advance fee for such transactions) plus an annual percentage fee of 25%. What's more, the credit card company also limits you to $1,000 worth of bitcoin purchases per month.

An indirect method of purchasing bitcoin using a credit card is to get a Bitcoin rewards credit card. Such cards function like your typical rewards credit card except they offer rewards in the form of bitcoin. So, bitcoin investing 2022 21, they invest the cash back earned from purchases into Bitcoin. One example of a Bitcoin rewards card is the BlockFi Bitcoin Rewards Credit Card. Beware, however, that the annual fees for these cards may be steep and there may be additional costs associated bitcoin investing 2022 21 the conversion of fiat currencies bitcoin investing 2022 21 crypto.

Alternative Ways to Buy Bitcoin

Bitcoin ATMs

Bitcoin Bitcoin investing 2022 21 act like in-person bitcoin exchanges. Individuals can insert cash into a machine and use it to purchase bitcoin that is then transferred to online wallets for users. Bitcoin ATMs have become increasingly popular in recent years—even retail giant Walmart Inc, bitcoin investing 2022 21. (WMT) is testing a pilot program that bitcoin investing 2022 21 offer its customers the option of purchasing bitcoin, bitcoin investing 2022 21. Coin ATM Radar can help to track down the closest machines.

However, ATMs are an expensive option. There are two charges associated with ATM bitcoin purchases: a purchase fee and a conversion fee for converting a fiat currency to bitcoin. Both fees are fairly steep compared to those of other options. For example, the worldwide average purchase fee at Bitcoin ATMs is 8.4% (of the purchase amount) and 5.4% for sales at ATMs.

P2P exchanges

Unlike decentralized exchanges, which match buyers and sellers anonymously and facilitate all aspects of the transaction, there are some peer-to-peer (P2P) exchange services that provide a more direct connection between users. LocalBitcoins is an example of such an exchange. After creating an account, users can post requests to buy or sell bitcoin, including information about payment methods bitcoin investing 2022 21 prices. Users then browse through listings of buy and sell offers, choosing the trading partners with whom they wish to transact.

LocalBitcoins facilitates some aspects of the trade. Although P2P exchanges do not offer the same anonymity as decentralized exchanges, they allow users the opportunity to shop around for the best deal. Many of these exchanges also provide rating systems so users have a way to evaluate potential trade partners before transacting.

Mainstream brokerages  

Very few mainstream brokerages offer bitcoin purchase and trading capabilities due to the uncertainty surrounding the regulatory status of cryptocurrencies, bitcoin investing 2022 21. Robinhood Markets, Inc. (HOOD), an app popular with retail investors, is one exchange that offers crypto trading facilities. It charges 0% commission for cryptocurrency trades and purchases and makes money from payment for order flow, passing its trading volume onto other trading platforms or bitcoin investing 2022 21 The absence of a commission fee may be an enticing prospect for beginners, but there are a couple of catches to that offer. First, Robinhood does not have the breadth of features and coins offered by prominent crypto exchanges like Coinbase. Robinhood had enabled trading on its platform for seven cryptocurrencies: Bitcoin, Bitcoin Cash, bitcoin investing 2022 21, Ethereum, Bitcoin SV, Dogecoin, bitcoin investing 2022 21, and Ethereum Classic. Bitcoin investing 2022 21 contrast, you can trade more than 100 cryptocurrencies on Coinbase. The exchange also offers various order types to minimize risk and offset losses during trading. 

The Robinhood platform also does not have a hosted wallet, bitcoin investing 2022 21. Therefore, if you want to purchase cryptocurrencies through Robinhood, bitcoin investing 2022 21, you will have to factor in additional costs for an online wallet provider.

How to Sell Bitcoin

You can sell bitcoin at the same venues where you purchased the cryptocurrency, such as cryptocurrency exchanges and P2P platforms. Typically, the process of selling bitcoin on these platforms is similar to the process for purchasing it.

For example, you may only be required to click a button and specify an order type (i.e., whether the cryptocurrency should be sold instantly at available prices or whether it should be sold to limit losses) to conduct the sale. Depending on the market bitcoin investing 2022 21 and demand at the venue, the offering price for Bitcoin may vary. For example, exchanges in South Korea traded bitcoin at a so-called kimchi premium during the run-up in its prices back in 2018.  

Cryptocurrency exchanges charge a percentage of the crypto sale amount as bitcoin investing 2022 21. For example, Coinbase charges 2.49% of the overall transaction amount as fees.

Exchanges generally have daily and monthly withdrawal limits. Therefore, cash from a large sale may bitcoin investing 2022 21 be immediately available to the trader. There are no limits on the amount of cryptocurrency you can sell, however.

The Bottom Line

The process for purchasing bitcoin is slightly more complicated than the process to buy regular equity or stock. This is mainly because the cryptocurrency ecosystem and infrastructure are not as well developed as those of mainstream trading.

A bitcoin purchase process consists of four steps: selecting a service or venue for the purchase, connecting with a payment method, placing an order, and ensuring safe storage for your purchased cryptocurrency. Each of these steps requires research and a careful assessment of the pros and cons of each service. You can also buy bitcoin at Bitcoin ATMs or from bitcoin investing 2022 21 services like PayPal and mainstream brokerages like Robinhood.

We provide a roundup of 12 new cryptocurrency to invest in that have the potential to scale for mass adoption in financial markets, bitcoin investing 2022 21 also other areas of the economy, from cloud computing to content delivery networks.

In our survey we will resist the temptation to take an adversarial approach, where crypto’s gain is taken to be the current incumbents’ loss. We don’t believe that is how things will develop, bitcoin investing 2022 21. Indeed, many of today’s leading SaaS companies are likely to be leaders in adopting aspects of blockchain technology.

To have the best shout at gaining exposure to the best the crypto sector has to offer, it is probably necessary bitcoin investing 2022 21 diversify across the asset class’s various sub sectors, which is what we have tried to do with our nifty dozen picks.

We have picked 12 cryptocurrency with the technology, adoption progress, execution and product marketing prowess to deliver on the promise of blockchain as a disruptor and disintermediator that could change the face of the SaaS space in innovative and profitable ways.

As with all definitions, competing ones can bleed into each other, but we have grouped our token selections into the following four business sectors, with three crypto in each:

Here’s our 12 Best New Cryptocurrency to Invest in 2022

Before you get started, you might also want to read our Best Bitcoin Brokers in the UK guide for a breakdown of the most popular places to buy cryptos in 2022.

Web 3.0 cryptocurrency for 2022

1. Lucky Block – transforming lotteries with blockchain tech

Lucky Block is a new lottery platform that aims to revolutionise the $330 billion global industry by solving, among other things, the lack of transparency and trust in current lottery products. Breaking the grip of the centralised lottery operators by applying the power of ‘Web 3.0’ decentralised networks bitcoin investing 2022 21 how Lucky Block plans to succeed.

With Lucky Bitcoin investing 2022 21, winners are not just randomly generated in a verified manner but players will be able to vote on where charitable donations go – with all transactions visible on the public blockchain.

In addition, the cost savings that accrue from running lottery draws on a blockchain are the basis for better odds for ticket buyers, bitcoin investing 2022 21. The benefits don’t end there. Lucky Block, which launches on 21 March when the desktop app is scheduled to be available, also pays a token distribution to every token holder. Ten per cent of every jackpot goes to token holders.

Then there is the added allure of the 12% transaction fee on sales of the native token of the platform, LBLOCK, which acts to incentivise long-term investment as opposed to purely speculative trading so common in crypto hitherto.

Lucky Block’s mission is nothing less than the replacement – or bitcoin investing 2022 21 – of national lotteries with a truly global system open to all. There’s all to play for, so to speak.

Data in table below is from decentralised exchange PancakeSwap. We have included volume data from centralised exchange LBank, where LBLOCK also trades.

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2. Tron Network (TRX) – multi-faceted dapp platform

TRON is a multi-faceted decentralised application platform operating with a delegated Proof-of-Stake (DPoS) consensus mechanism.

Tron was founded by Justin Sun who has become one of the best list of active bitcoin addresses characters in crypto. In 2018 Tron made the audacious move of acquiring BitTorrent, the peer to peer file sharing network. As a direct result of that purchase the BitTorrent Token (BTT) was launched soon after.

Tron momentum has slowed from a couple of years ago, but it is still one of the most active blockchains.

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Metaverse and NFT cryptocurrency for 2022

3. The Sandbox (SAND) – metaverse and gaming digital asset monetisation platform

The Sandbox platform is an ecosystem where gamers can create, own, and monetise their activities wit the help of non-fungible tokens (NFTs) and its utility token $SAND. NFTs are in effect bitcoin investing 2022 21 digital certificate of ownership.

Players can use NFTs to assign verifiable ownership to their digital assets integrate into games and trade on marketplaces. The Sandbox provides tools such as the Game Maker to enable player engagement.

Also, The Sandbox virtual world – or metaverse – is comprised of digital lots of real estate bought with LAND tokens, where players can become digital property developers and interact.

Companies such as Facebook owner Meta are betting big on the metaverse as the next iteration of the internet, where people will work, play, socialise and shop, so there will be money to be made.

An unknown buyer recently paid $450,000 for a patch of virtual land next to rapper and businessman Snoop Dogg’s Sandbox ‘residence’.

The Sandbox is an excellent new cryptocurrency to buy.

Institutional investors

• Binance Labs
• HASHED
• True Global Ventures

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4. Filecoin (FIL) – distributed file transfer and storage

Filecoin is a relatively new cryptocurrency to invest buy for exposure to distributed data storage network that seeks to turn unused data storage into a business resource, where those bitcoin investing 2022 21 excess capacity are able to sell it users seeking greater capacity.

Exchange takes place in an automated algorithmically driven marketplace.

The network is built on top a protocol known as InterPlanetary File System (IPFS), acting as both a layer to incentivise participation in the network and provide security in addition to its peer-to-peer sharing of storage.

Protocol Labs is the company behind Filecoin.

Institutional investors

• Ausum Ventures
• Blockchain Capital
• BlueYard Capital
• Boost VC
• Coefficient Ventures
• Continue Capital
• Digital Currency Group
• Galaxy Digital
• Kosmos Capital
• Nirvana Capital
• Notation Capital
• Pantera Capital
• Placeholder VC
• Y Combinator
• a16z Crypto
• zk Capital

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5. Enjin (ENJ) – gaming community platform, virtual goods marketplace

Enjin Coin is another game-focused metaverse product from the crypto world, this time focused on making its token the go-to digital asset for in-game items. Enjin aim is to become the “largest gaming community platform online” and already boasts the involvement of 250,000 gaming communities with a total of 18.7 million gamers.

The Enjin team are innovators in the NFT field, with a token they invented winning approval as an Ethereum token standard for specialised NFTs – ERC-1155.

Similarly to the The Sandbox, Enjin distributes software development kits (SDKs) to developers in order to facilitate rapid deployment of integrations into games.

Institutional investors

• CoinFund
• Coinbase Ventures
• DT Capital Partners
• Digital Bitcoin investing 2022 21 Group
• Framework Ventures
• Kilowatt Capital
• LedgerPrime
• Lemniscap
• Multicoin Capital
• ParaFi Capital

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6. Decentraland (MANA) – Metaverse virtual world

Decentraland is similar to The Sandbox in its virtual world aspect and another solid cryptocurrency to invest in. Here there are also LAND tokens which are purchased with the ERC-20-compatible MANA token that runs on the Ethereum blockchain.

Again NFTs are used to assign ownership to the digital real estate. And just like in the real world, the most valuable LAND is to found in the busiest places.

NFT-focused company Tokens.com spent nearly $2.5 million on LAND in the virtual world in an indication of the burgeoning interest in the metaverse and the commercial opportunities it offers.

And at the end of January the metaverse’s first mortgage was taken out. On 29 January TerraZero, a vertically integrated metaverse company, advanced financing to one of its clients so they could buy Decentraland real estate.

While Mark Zuckerberg’s Meta Platforms is spending billions to build its metaverse, crypto have been quietly building an ‘open’ metaverse for a number of years, and at far less cost.

Institutional investors

• Animoca Brands
• Boost VC
• Digital Currency Group
• Fabric Ventures
• Fundamental Labs
• HASHED
• Kenetic Capital
• Kosmos Capital

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DeFi cryptocurrency for 2022

7. Uniswap (UNI) – decentralised exchange

Uniswap took original form in 2016 in the mind of Ethereum co-founder Vitalik Buterin as a blue-sky idea he was musing about. As with Curve, it operates with an automated market making system that obviates the need for an order book. Prices are determined by the ratio of the paired swapping assets.

Uniswap is the largest DEX by volume and its Bitcoin investing 2022 21 system solves the problem of low liquidity in assets that hard are deemed hard to trade by traditional market makers. Because on a DEX anyone can be a market maker, thin liquidity is not an issue.

Institutional investors

• Andreessen Horowitz
• Coinbase Ventures
• Defiance Capital
• Delphi Digital
• ParaFi Capital
• Paradigm
• Three Arrows Capital

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8. Curve (CRV) – decentralised exchange

Curve protocol has been a fast-grower in the decentralised finance (DeFi) sector. Its approach was initially centred on leveraging the liquidity of stablecoins to create more stable sources for yields on loans. There are no order books for the markets on Curve, with market making instead an automated process built around liquidity pool trading pairs.

Today it has expanded to become a venue trading all manner of coins with pegged values, such as so-called wrapped tokens that run blockchains other than Ethereum where Curve runs.

Currently, Curve has 122 different liquidity pools for the pairs that can be swapped on the decentralised exchange (DEX), where its highly competitive trading fees, deep liquidity and constrained slippage (when the price slips between the time the trade execution began and it finishing).

At this point, we rate Curve as a safe choice of cryptocurrency to invest buy.

Institutional investors

• Fuel Venture Capital
• Crowdcube
• CreditEase Fintech Investment Fund
• Outward VC

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9. PancakeSwap (CAKE) – decentralised exchange

PancakeSwap is a decentralised exchange (DEX) that run on the Binance Smart Chain (BSC) and is also based on automated market making system. PancakeSwap is a fork of SushiSwap, bitcoin investing 2022 21, which is another Ethereum-based DEX.

A fork refers to a coin that shares it’s codebase with another crypto, but there are differences that add extra features. In this case, the change is the DEX runs on the Binance Smart Chain which is faster and cheaper to transact over.

BSC is built by the world”s largest crypto exchange Binance and operates with a form of what is known as a proof of stake system, where just 21 validators verify transactions as oppose bitcoin investing 2022 21 thousands of nodes on Ethereum.

CAKE is a relatively new cryptocurrency to invest in and we think it has much further to grow in the DEX space.

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Data management cryptocurrency for 2022

10. The Graph (GRT) – indexing protocol for querying blockchains

We take for granted that the internet “just works”, without having to think about how universal resource locators (urls – web links) actually work of what TCP/IP protocols are. Without them there would be no Google search engine. The Graph is attempting to build the indexing standard for the decentralised bitcoin investing 2022 21 world, so that data on blockchains can be queried in an easily accessible way.

Developers build applications with The Graph’s open APIs can readily access on-chain data that have been previously indexed by a network of node operators.

The Graph’s technology – called Subgraphs – is open source so all-comers can build decentralised apps (dApps) using them. Among the many Ethereum dApps using Subgraphs are high-profile projects Audius, Uniswap, and Synthetix.

GRT is a good strategic pick for a cryptocurrency to invest in for your portfolio.

Institutional investors

• Coinbase Ventures
• DT Capital Partners
• Digital Currency Group
• Framework Ventures
• Kilowatt Capital
• LedgerPrime
• Lemniscap
• Multicoin Capital
• ParaFi Capital
• Tally Capital

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11. Chinalink (LINK) – decentralised oracle network

Chainlink’s purpose is to solve the problem of connecting smart contracts to real-world events in a secure fashion. Smart contracts are pieces of code that embody certain business logic, such as when to pay an interest on a loan, bitcoin investing 2022 21. In order to known when to make the payment to lenders, the smart contract in bitcoin investing 2022 21 case would need to know the calendar date.

Real-world information such as this is provided by ‘oracles’, which are in effect data feeds of one kind or another that exist off-chain. Chainlink is a network of independent oracle node operators, which makes it more secure than previous oracle services.

Services such as those provided by Chainlink are emerging as the essential plumbing of the blockchain world.

Institutional investors

• Anmi OECD
• Consensus Capital
• Framework Ventures
• Outlier Ventures

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12. Dent (DENT) – decentralised mobile data marketplace

Dent says its vision is to create a global exchange using the Ethereum blockchain, where everyone has the opportunity to buy and sell mobile bandwidth in any country. With 7.26 billion thought to own a smart or feature phone – 91.62% of the world’s population – the business opportunity in this market is immense.

The company has already attracted more than 25 million mobile device users onto its decentralised marketplace for trading data surpluses. Dent’s service is available in more than 140 countries.

It is making significant strides forward in enterprise. Dent has partnerships in place with Samsung Blockchain and Telecom Infra, for instance.

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Conclusion – the best cryptocurrency to buy March 2022

Prices in the crypto market are rangebound at the moment, with altcoins taking their cue from bitcoin. With bitcoin trading around the $38,000 mark there is much chatter as to whether a breakout to the upside is imminent, perhaps assisted by the geopolitical tensions affecting the global economy in the first quarter of 2022.

The juries out on the exact timing of bitcoin investing 2022 21 such breakout. Nevertheless, we think the market is at or near the bottom for this cycle. That means a diversified portfolio of crypto assets based among the 12 coins highlighted here, should provide investors with plenty of upside.

If held for the medium term, which would be for up to three years, buying crypto assets near cycle lows presents an excellent risk-reward opportunity.

Investors may wish to consider dollar cost averaging into the market by buying relatively small amount on a regular basis to smooth out returns, thereby foregoing the need to attempt to time the best moment to invest a lump sum.

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Cryptocurrency is digital money that isn’t managed by a central system like a government. Instead, it’s based on blockchain technology, with bitcoin being the most popular one. As digital money continues bitcoin investing 2022 21 gain traction on Wall Street, more and more options become available. There are currently almost 8,900 cryptocurrencies on the market.

While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, volatility makes investing in cryptocurrency risky, so it’s important to know what you’re getting into before you buy in. These are eight top cryptocurrencies that are worthy of investment in 2022.

Top 8 Cryptocurrency Investments in 2022

1. Bitcoin (BTC)

Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it’s the leader, bitcoin investing 2022 21, with a price and market cap that’s much higher than any other crypto investment options.

Many businesses already accept bitcoin as payment, which makes this cryptocurrency a smart investment. Visa, for example, transacts with bitcoin. Additionally, Tesla announced in February 2021 that it had invested $1.5 billion in it, and for a time, the company accepted it as payment for its cars — and it might again if mining it becomes more environmentally friendly, bitcoin investing 2022 21. Plus, the larger banks are beginning to incorporate bitcoin transactions into their offerings.

Risks of Investing In Bitcoin

The value of bitcoin tends to fluctuate a lot. You may see the price go up or down thousands of dollars during any month. If wild fluctuations like these make you nervous, you may want to avoid bitcoin. Otherwise, as long as you keep in mind that cryptocurrency could be a smart long-term investment, these fluctuations shouldn’t be too concerning.

Another reason to reconsider investing in bitcoin is its price. With a single bitcoin costing nearly $40,000, most people can’t afford to buy whole bitcoins. For investors who want to avoid buying a fraction of a bitcoin, this is a negative.

2. Ethereum (ETH)

Ethereum is different from bitcoin because it isn’t only a cryptocurrency. It’s also a network that allows developers to create their own cryptocurrency utilizing the network. While ethereum is far behind bitcoin in value, it’s also far ahead of the other competitors.

Even though it came out years after some other cryptocurrencies, it has far exceeded its place in the market because of its unique technology, and it’s currently the second-largest cryptocurrency behind bitcoin.

Risks of Investing In Ethereum

While the Ethereum platform utilizes blockchain technology, bitcoin investing 2022 21, it only has one “lane” for conducting transactions. This can lead to transactions taking longer to process when the network is overloaded. Transaction fees are also high, reaching a peak of $71.72 in May 2021, according to CoinMarketCap.

In 2016, bitcoin investing 2022 21, a hack that took advantage of a security flaw led to the loss of more than $50 million worth of ether.

3, bitcoin investing 2022 21. Binance Coin (BNB)

After years of relatively level prices, at least by bitcoin investing 2022 21 standards, binance coin took off at the beginning of 2021, bitcoin investing 2022 21, surging from about $38 on Jan. 1 of that year to an all-time high of $683 in May. Bitcoin investing 2022 21 of March 8, it has bitcoin investing 2022 21 back to $382.91.

Because of its performance, binance coin has proven to be one of the more stable investment options. Binance is the world’s largest cryptocurrency exchange, according to CoinMarketCap, but despite its extensive functionality and the coin’s success in Binance sub-projects, bitcoin investing 2022 21, binance coin is still a highly volatile investment.

Risks bitcoin investing 2022 21 Investing In Binance Coin

What sets binance coin apart from its competitors is that it was created by a company instead of a group of tech developers. Although binance coin’s commitment to maintaining a strong blockchain has won over many skeptics, some investors remain leery of this cryptocurrency and its potential security issues.

4. Cardano (ADA)

The Cardano network has a smaller footprint, which is appealing to investors for several reasons. It takes less energy to complete a transaction on Cardano than on a larger network like Bitcoin. This means transactions are faster and cheaper. Last year, Cardano launched a “hard fork,” an upgrade that increased functionality — in this case, enabling smart contract deployment.

Cardano also claims to be more adaptable and more secure. It consistently improves its development to stay ahead of hackers.

Risks of Investing In Cardano

Even with a better network, cardano may not be able to compete with larger cryptocurrencies. Fewer adopters mean fewer developers. This isn’t appealing to most investors who want to see a high adoption rate. The platform has big plans, but there are doubts about whether it can live up to that potential.

Advice

Don’t be discouraged by fluctuations in the market. Your bitcoin investing 2022 21 may lose money one day and make a profit the next. Instead of getting caught up in the day-to-day changes, look at the big picture.

5. Polygon (MATIC)

Polygon was created by a development team that made significant contributions to the Ethereum blockchain platform. Polygon is designed for Ethereum scaling and infrastructure development, according to CoinMarketCap. As a “layer two” solution, it expands Ethereum into a multi-chain system, improving transaction and verification speed.

Polygon has backing from the Binance and Coinbase cryptocurrency exchanges. Its token, MATIC, is used for payment services, transaction fees and as a settlement currency.

Risks of Investing In Polygon

Late last year, Polygon disclosed that it had patched a vulnerability that put about $20 million worth of its coins at risk, CoinDesk reported. A hacker discovered the exploit and notified Polygon, which had a fix in place within two days. However, black-hat hackers had already stolen over 800,000 tokens, leaving Polygon on the hook for about $1.4 million.

6. Solana (SOL)

Solana has taken the crypto world by storm, starting in 2021 with 0.01% of the market and soaring to a top 10 cryptocurrency by market cap by September 2021, giving its main competitor, ethereum, a run for its money. As of March 2022, solana ranks ninth in terms of market cap, which currently sits at $26.4 billion, according bitcoin investing 2022 21 CoinMarketCap. Its appeal lies in the speed and scalability of its network and the ease with which it can be used to create decentralized apps that run on a blockchain, Decrypt explained.

Risks of Investing In Solana

Solana has seen an astounding appreciation of nearly 4,000% over the past year, and prices could drop as quickly as they grew. Reliability might also be an issue, considering Solana suffered a nearly day-long outage due to “resource exhaustion,” according to Bloomberg, as reported by CNBC.

7. Avalanche (AVAX)

Avalanche is a new “layer one” blockchain — a blockchain that improves the base protocol to make the system more scalable, as Binance described it — founded as an Ethereum competitor by Ava Labs and computer scientists at Cornell University, one of whom, professor Emin Gun Sirer, is a veteran in cryptographic research, according to CoinMarketCap. Whereas Ethereum’s nodes must all validate each transaction, Avalanche’s three individual blockchains can validate transactions independently. This makes Avalanche more scalable and better able to handle large volumes of transactions — up to 6,500 per second. As a result, it’s increasingly popular among Ethereum projects, U.S. News reported.

AVAX began trading in 2020, in a 24-hour initial coin offering, bitcoin investing 2022 21. It price has fluctuated from a low of $9.34 to a high of $146.22 over the past year. The coin currently trades for $74.20.

Risks of Investing In Avalanche

Sirer introduced the cryptocurrency via a white paper in 2018. Its launch took place in 2020. With such a short history, avalanche doesn’t have a track record for comparison, making it a riskier investment for potential buyers.

8. Chainlink (LINK)

Chainlink uses a decentralized oracle network to facilitate secure interactions between blockchains and external data feeds, events and payment methods the developers hope will allow smart contracts to become the dominant form of digital payment, according to CoinMarketCap.

One thing working in Chainlink’s favor is a strategic partnership with Google under which Google uses Chainlink’s protocol to connect users to its cloud services, Benzinga reported. The project’s advisors include former Alphabet Chairman Eric Schmidt, DocuSign co-founder Tom Gonser and former LinkedIn CEO Jeff Weiner, according to Securities.io.

Risks of Investing In Chainlink

Despite its proven utility and support from major players, chainlink has experienced the same kind of volatility as other cryptocurrencies. Its price dropped from about $52 in May 2021 to just over $13 in March.

Advice

Don’t settle on any number of cryptocurrency investments without continuing to learn about the market. A new cryptocurrency network could easily climb the ranks and emerge as a leader above other platforms. As an investor, the smartest thing you can do is to stay abreast of market happenings.

Rating the Top Cryptocurrency Choices

Run a quick online search and you’ll find dozens of recommendations for how to invest in cryptocurrency. In choosing the top eight picks, the following factors were considered.

Longevity

How long has the cryptocurrency been around? New cryptocurrencies aren’t immediately ruled out, but having historical data for comparison helps you bitcoin investing 2022 21 how a company has performed up until now.

Track Record

How has the bitcoin investing 2022 21 performed during its years in business? If you see stability in prices, that’s a good sign. If you notice that the cryptocurrency is gaining traction and becoming more valuable with time, that’s even better.

Good To Know

Past performance is not indicative of future performance. At any time things can change, and an investment may perform better or worse than it has in the past.

Technology

How does the platform compare to others in terms of usability and security? The first thing you want to look for is the speed at which transactions occur. The network should be able to handle transaction traffic with ease.

You also want to make sure your investment is secure. Most cryptocurrencies use blockchain technology, making all transactions transparent and easy to track. Blockchain technology doesn’t necessarily make it harder for hackers to steal your cryptocurrency. It does make it easier to track your investment so it can be recovered instead of being lost following fraud.

Adoption Rate

How many people are investing in the cryptocurrency you’re considering? When you see a high level of adoption, that means the cryptocurrency has better liquidity. Trading, selling or spending will be easier in the future.

Final Take

There’s no question about it: Cryptocurrencies are here to stay. The question becomes, where is the best place to invest your money in the market?

As you decide which cryptocurrency is the best investment for you, here are some other things to keep in mind:

• The speed at which transactions are completed
• The fees associated with transacting
• The ability to use your cryptocurrency for regular purchases and bank transfers

If you’re strictly looking to invest without transacting within the network, remember that cryptocurrency isn’t a get-rich-quick scheme. Instead, you should consider it a long-term investment.

GOBankingRates’ Crypto Guides

Daria Uhlig contributed to the reporting for this article.

Data is accurate as of March 8, 2022, and subject to change.

This article originally appeared on GOBankingRates.com: 8 Best Cryptocurrencies To Invest In for 2022

The U.S, bitcoin investing 2022 21. Federal Reserve is getting ready to start raising interest rates, bitcoin investing 2022 21, sucking the bullish air right out of the market as investors reassess the valuations of risky assets like stocks. Cryptocurrencies have been hit hard too -- a reminder that while blockchain-based technology is exciting and has lots of potential in the coming decades, bitcoin investing 2022 21, this is a very new and very volatile space to invest in. The top two cryptos by market capitalization, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), are each down over 40% from all-time highs as of this writing.

But given the potential for blockchain, I'm still dabbling (for me, that means less than 1% of my total investable net worth), bitcoin investing 2022 21. This month, I'm adding to a very tiny existing position in Solana ( SOL 0.49% ). Here's why.

Image source: Getty Images.

An "Ethereum killer" with actual merit?

Like Ethereum, Solana's blockchain network was designed to support decentralized applications (or dApps, meaning peer-to-peer interaction with no centralized control). Ethereum has thousands of dApps based on its network, while Solana only has a couple hundred, although there are dozens more in development.

Created a couple years after Ethereum and launched bitcoin investing 2022 21 2020, Solana bitcoin investing 2022 21 getting lots of attention. Its network is one of the quickest out there, boasting the current ability to process up to 65,000 transactions per second (which is similar to Visa's (NYSE: V) implied network speed). That compares to Ethereum's current limit of about 15 to 30 transactions per second. 

Solana uses a concept known as proof-of-stake (PoS) to verify transactions on the network. PoS allows owners of a crypto to participate in the validation process. Along with PoS, Solana also devised a concept called Proof of History, which embeds a time stamp into transactions so the network doesn't need to reach a consensus on which ones to validate first. As a result, fees for utilizing Solana (known as gas fees) can be as low as a fraction of a penny, which compares to as much as a couple hundred dollars on Ethereum.

There's no real way to value Solana, but.

The way I see it, the problem with investing in cryptocurrencies is there's bitcoin investing 2022 21 real way to value them. They aren't businesses. Rather, they're an asset that a business develops or utilizes (Solana Labs, the private company headed by CEO and Solana co-founder Anatoly Yakovenko, develops the Solana blockchain network). Like Bitcoin and Ethereum, Solana has thus taken a big hit as investors have fled risky investments (that is to say, those with bitcoin investing 2022 21 uncertain future values) in recent months, bitcoin investing 2022 21. Its tokens are down nearly 70% in value from their all-time peak reached late in 2021. That gives Solana a "market cap" of nearly $26 billion as of this writing.

Data source: as of March 14, 2022.  

A cryptocurrency's price performance is indicative of its growing popularity among developers, bitcoin investing 2022 21, as well as uptake among investors buying the tokens. Even after the recent downturn, Bitcoin investing 2022 21 is up big since its launch, indicating the excitement surrounding the blockchain project.

Data by YCharts.

Another way to "value" a crypto could also be the rewards gained from staking, when a participant in a PoS blockchain network uses their tokens to help validate transactions and get rewards. Currently, Solana pays a 5.8% reward as of this writing (paid in more Solana tokens), bitcoin investing 2022 21, less an average 9.8% fee taken from the reward, bitcoin investing 2022 21. This compares to a 4.8% reward from staking Ethereum, minus an average 10.9% fee. However, the "adjusted reward," which takes into account growth of supply in overall tokens on the blockchain, is only 0.94%. Ethereum's adjusted reward is currently 4.36%.

For Solana in particular, a fast-growing increase in tokens will dilute an owner's stake in the crypto over time, unless they "stake" their position (which Solana explains how to do here), bitcoin investing 2022 21. The short story: There's no way to put a concrete valuation on Solana like we can with a business. This is a highly speculative asset that will begin rising once again or continue falling in value based solely on demand.

But there are some exciting projects being built on Solana, bitcoin investing 2022 21, like the recently announced Solana Pay that directly connects merchants and shoppers in a first-of-its-kind peer-to-peer blockchain payments solution, bitcoin investing 2022 21. What that dApp could mean for merchants is near-instantaneous bitcoin investing 2022 21 of funds into their merchant accounts with close to zero fees (compared to a 3% fee of total transaction value utilizing Visa), and the ability to reward customers directly using other digital assets built on Solana. 

A promising but highly speculative bet

As exciting as applications like Solana Pay sound, buying Solana tokens isn't a direct investment into it or any other business. It's a speculative bet. For a more low-risk, potentially high-reward play on blockchain technology, bitcoin investing 2022 21, I prefer keeping most of my investment assets in businesses like Alphabet's (NASDAQ: GOOGL)(NASDAQ: GOOG)Google Cloud, bitcoin investing 2022 21, Shopify (NYSE: SHOP), and even Coinbase Global(NASDAQ: COIN) -- companies that are using crypto and blockchain to generate revenue and profitability. 

That's why I'm keeping Solana and other cryptos as a fraction of a percent of my investment value at this point. Solana is still small and its value could continue deteriorating. But if developers and other speculative investors continue to flock to it, this newer blockchain network could soar one day.