The Crypto market is facing one of the worst seasons of its time but still, the crypto enthusiasts are hopeful for the future of cryptos. There are many crypto traders who use ask which are the most profitable Cryptocurrencies to invest in 2022. However, in the crypto market, there is no perfect choice because it’s extremely volatile.
When bitcoin and Ethereum plummeted in value and other cryptocurrencies such as Terra collapsed completely, it was the biggest market crash of 2022. Does that mean it’s time to pull out your investments? Well, given the crypto market’s history, it always manages to get back on its feet.
Since prices are low right now (at least for some cryptocurrencies) and the future profit potential is high, now is the perfect time to invest in cryptocurrency. This begs the question, which is the most lucrative cryptocurrency in the market to invest in right now? Tag along as we reveal the names!
Most Profitable Cryptocurrencies to Invest in 2022
Here is the list of the 8 most profitable cryptocurrencies to invest in 2022 that gives you a reason to consider them.
Yes! Bitcoin is still on top of the list. It’s not only a worthy investment because it’s a household name like Charter Internet, but also because it’s the safest. It runs on blockchain. All transactions are logged and distributed across the network of PCs. These distributed ledgers must be verified through a process termed proof of work. Back in May 2016, a single Bitcoin was worth $500. Now, it’s (June 25th) $21,473.11.
Programmers love Ethereum for obvious reasons, of course! Its smart contract feature allows you to execute the conditions of the contract automatically. Ever since its inception, Ethereum has grown significantly, it started at $11 in 2016 and now, it’s worth $ 1,225.90. With such tremendous growth potential, why wouldn’t anyone want to invest in this cryptocurrency?
3: My Freedom Coin
Also called MFC, it’s the only crash-proof asset that can get you a loan without the risk of liquidation. It’s stable and it’s the right investment for 2022. This DeFi project was designed to be crashproof because of the floor price created by BUSD. Since it is safe and stable, newbies start crypto investment with MFC.
4: Lucky Block
Lucky Block is one of the most recent Binance Smart Chain-based crypto lottery services. it is not exactly a cryptocurrency but it’s a highly lucrative form of investment, hence it’s on the list. This lottery platform was introduced at the start of 2022 and is now a massive hit.
This cryptocurrency has only one goal: to transform the gambling industry. The developers of the platform have done a commendable job to improve the way how the lottery system works.
They have come up with a technique to guarantee complete transparency and maximum fairness to players by leveraging the power of web 3.0 decentralized networks. Winners are selected randomly from the draws, which means everyone has an equal shot at winning.
This crypto works on a decentralized platform using liquidity and self-staking technology. When it was launched, the goal was to reward its long-term holds. How do you ask? Well, in two ways. The trades made in StakeMoon are taxed at a flat rate of 15 percent.
Naturally, this will stop investors from trading it daily and would keep short-term traders at bay. Now out of this fixed-rate, 10 percent is distributed to its current token holders and the remaining 5 percent goes to its liquidity pool.
The second way is offering financial compensation to traders who forward their tokens to Stakemoon’s protocol. All the tokens are used for validating blockchain transactions.
Want to get your hands on coins too? ApeCoin is your best bet. It is currently the hottest crypto and is also the currency for Ape DAO. Yes, it is run by the creators of the Bored Ape Yacht club (BAYC). But that’s not the only reason to invest in this crypto.
You should be investing in ApeCoin because the Ape Yacht club has announced that it’s going to launch its Metaverse and ApeCoin is going to be the primary currency for transaction purposes. Soon, it will be used as a currency on gaming networks too.
7: Solana (SOL)
Solana open-source crypto project uses its own blockchain technology. It’s a highly efficient and stable type to invest in. Plus, it offers low transaction fees, which is an attraction for potential investors. The transaction fee can cost as low as $0.01 for the developers as well as users.
Besides being cost-effective, SOL is highly resistant to censorship. This network is open for new transactions. Solana’s current price is $34.75 per SOL so anyone can invest right now!
This proof-of-stake blockchain platform was founded back in 2015 by Charles Hoskinson, the co-founder of Ethereum. The proof of stake system requires the owners to validate the transactions for which they are rewarded.
This staking reward could turn into passive income. Cardano basically works like Ethereum by enabling smart contracts and decentralized apps. Up until now, Cardano’s price has been volatile. It’s a risky investment but it has potential. Don’t be afraid to invest your money in Cardano but it’s best to spread your investments in other cryptocurrencies too.
As you invest your money in these cryptocurrencies, don’t put all your eggs in one basket. So, spread your investment and cast a safety net for yourself.
Cryptocurrencies are undoubtedly one of the most profitable assets in the market but it is the riskiest as well. If you’re going to invest in any cryptocurrency you must do your own research before making any investment. Nowadays, along with the stock market the cryptos are behaving like a roller coaster so a risk analysis is essential before an investment decision.