Cryptocurrency can no longer be ignored as an asset class. In this article we are going to discuss the most promising crypto to invest in. As global economic instability continues to intensify, crypto has become the hot topic of the moment as an alternative investment vehicle. That is not surprising, because it is a groundbreaking financial system, which has its origins with Bitcoin in 2009.
However, it ultimately took nearly another decade for crypto to reach the general public. Crypto was and is so revolutionary because it is a digital currency that works without a central supervisor.
Instead, transactions of a particular cryptocurrency are verified and validated by the users of the cryptocurrency itself. Anyone can in theory audit transactions, which makes it a transparent system. Those transactions are stored in a kind of database, which is called the Blockchain.
The Blockchain network consists of a digital ledger, in which the data of all transactions is included, making it an immutable database of transactions.
WHY IS CRYPTO SO POPULAR?
In today’s digital age, where technology is making incredible leaps, the current financial system is actually outdated. There are too many snags, such as the fact that many middlemen are involved. Then you have to think of insurers and banks, which do not work efficiently, cost a lot of money and request personal information.
Buying crypto is therefore also becoming increasingly popular among private investors who see a future in it.
After all, there is no middleman. Trading and paying with crypto is very efficient and fast, involves few costs and guarantees privacy. Moreover, the technological possibilities are endless.
In recent years, more and more people have come to realize that the old monetary system is outdated. This has led to more and more people getting involved with crypto. People are also experiencing how easy it is to use digital cryptocurrencies. Crypto will therefore play an increasingly important role in the financial world in the future.
There is still so much potential in it. So many promising crypto projects are being launched, which will only allow crypto to grow further in the future. We have only seen the tip of the iceberg.
MOST PROMISING CRYPTO TO FOLLOW
In the first months of 2021 we had a significant crypto bull run, in which the values of crypto coins rose significantly within a relatively short time. This later in 2021 and into 2022 the bull run took a turn, triggering a bearish trend. But what exactly can we expect from 2022 and beyond?
The number of different crypto coins continues to expand, so that as a layman you can sometimes get confused.
That is why we have listed some of the most promising crypto coins for you to consider investing in.
BITCOIN
Bitcoin is, of course, the most famous cryptocurrency in the world. It is the first, most valuable and most traded cryptocurrency in existence. Even people who have no knowledge of crypto know the name Bitcoin. In everything Bitcoin is the forerunner of other cryptocurrencies for these reasons:
- First of all, literally, because it was the first crypto coin in 2009.
- But also if you look at the developments of the general crypto price. Bitcoin is almost always a forerunner in this. Other cryptocurrencies broadly follow the Bitcoin price . That is why Bitcoin is also an ideal indicator for crypto traders and it is therefore important to always keep an eye on Bitcoin.
- Bitcoin is also revolutionary from a practical point of view, as more and more companies accept Bitcoin as a means of payment. For example, in some places in the world you can pay at Burger King and Microsoft. In the future, we will most likely be able to pay in all stores with Bitcoin and other cryptocurrencies, just like with a normal debit card.
- There is also much more potential in Bitcoin. Therefore, Bitcoin can be regarded as probably the most promising crypto currency to invest in.
Buy Bitcoin? This is best done on Binance or Crypto.com
ETHEREUM
Ethereum is a promising crypto currency as the Ethereum network is the largest Blockchain network for decentralized applications. Therefore, there are many companies that choose to work with the Ethereum network for their projects. To give an example, the company FunFair has created a gambling platform on the Ethereum network that online casinos can use, so that casino players can use crypto as a wager.
In this way a fairer and financially more interesting gambling environment can be created for both player and operator. Numerous similar promising projects have been launched on the Ethereum network in recent years. In 2022, many more such projects will be made a success. Furthermore, Ethereum as a crypto currency has the largest trading volume in the world after Bitcoin.
Buy Ethereum ? This is best done on Binance or Crypto.com
BINANCE COIN
Binance Coin is a cryptocurrency based on the popular online crypto exchange Binance. With an exchange like Binance you can easily trade in crypto coins. Binance is one of the most used cryptocurrency exchange in the world and therefore a very interesting company.
The exchange is a popular trading platform because of its ease of use and low transaction costs. In addition, they use 1/5th of their profits every quarter to destroy Binance Coins. This way they prevent too many units from circulating. Moreover, a rising demand for Binance Coins always results in a rising price.
The value of Binance Coin depends on the success of Binance. Since the crypto exchange is doing very well for the time being, it is expected that this trend will continue. That also means good news for Binance Coin.
Buy Binance Coins? This is best done on Binance or Crypto.com
SOLANA
A promising crypto for 2022 is without a doubt Solana . In fact, experts think it could become a major competitor to Ethereum or Cardano in the future. The most notable thing about Solana is that it has a Blockchain that can process 60,000 transactions per second.
In the future, that number could increase even further. The founders of the network therefore call it a “Next Generation Blockchain”. It is a remarkable most promising crypto project, which was started already in 2017. However, it was not until 2020 that the crypto Solana was launched.
Solana is an ambitious project that hopes to make a Web 3.0 decentralized internet platform big. Nowadays, large companies such as Facebook and Google determine what you see. With a platform like Solana, you no longer have intermediaries like Facebook and Google, because it is decentralized and controlled by the users.
buy Solana ? This is best done on Binance or Crypto.com
CARDANO
Cardano is very similar to Ethereum, which in itself is not surprising, since one of the founders of Ethereum created Cardano. Unlike Ethereum, Cardano focuses solely on the financial sector and how it can ensure that financial applications used worldwide can function better. Another interesting thing about the Cardano coin is that it has a scientific basis. That is unique in the crypto world.
Several industry experts, including academics, have built the Cardano Blockchain. By involving science in the development of the Blockchain, Cardano hopes to solve as many problems as possible early on. However, Cardano is still in the early stages of development. However, the Cardano crypto project is very promising for the future. It is therefore well worth considering investing in it.
Buy Cardano ? This is best done on Binance or Crypto.com
THE RISING POPULARITY OF NFT AND NFT COINS
If you’re interested in crypto, you’ve probably heard of NFTs. NFT literally stands for “Non-Fungibe Token”, which literally means something like “irreplaceable token”. Non-Fungible or irreplaceable is therefore an important word. A 100 dollar note or an Amstel beer bottle, for example, is replaceable, since there are many more of them. Those are replaceable items. NFTs are not replaceable and therefore unique.
We can best explain NFTs with an example
Suppose you buy a ticket for a staged performance in the theater. To enter the theater hall, you must show a ticket. That ticket should contain your name, a code to scan and the seat you can sit on. There are of course several tickets for the same performance, but none are exactly the same as yours. Only you enter the theater with your ticket. If you were to tokenize your specific card, you would have an NFT.
Because NFTs are unique, you can only buy and sell them as a whole. You cannot buy one and a half NFT. We list some of the most promising NFT crypto projects for you.
ENJIN COIN
An promising crypto NFT is Enjin Coin. You have probably heard of Enjin, because they have recently entered into a partnership with Samsung. Enjin is a gaming platform operating on a Blockchain network, in which they focus on creating digital properties for players.
You can then buy items in a game with Enjin Coin and sell them for Enjin Coin. For example, you should think of a skin or a vehicle in the game. Items that you find or mine in the game can therefore always be exchanged for Enjin Coin. Of course, that also makes it financially interesting. In such a game you get a special wallet, with which you can perform transactions. Enjin therefore considers good security of paramount importance, since you do not want hackers to gain access to that special wallet.
Want to buy Enjin Coin? This is best done on Binance or Crypto.com
FLOW
You may still remember the CryptoKitties hype. This was a Blockchain game that became very popular in a short time. The popularity became so great that the Ethereum network, on which the CryptoKitties game worked, could no longer handle the number of transactions. Partly for this reason, the CryptoKitties developers decided to build their own Blockhain, which resulted in Flow .
The goal of Flow is to become the largest Blockchain on which games, apps and other digital applications can be run. The interesting thing is that they have already entered into partnerships with Ubisoft, NBA, and UFC, among others. That bodes well for the future.
Buy Flow? This is best done on Binance
DECENTRALAND
Decentraland is also a promising NFT crypto project. You have to imagine Decentraland as a digital VR world that works on the Ethereum Blockchain. If you had to compare Decentraland to a game, Sims would come pretty close, with the difference that Decentraland works on a decentralized Blockchain network of course. In addition, you can create virtual content in Decentraland, which you can eventually trade. So you can just make money with it. Decentraland has not one but two different tokens, namely MANA and LAND.
The virtual world in Decentraland consists of more than 90,000 different pieces of LAND. Anyone can buy LAND in Decentraland . In the Blockchain, of course, who owns which COUNTRY is stored. It is important to know that 90,000 LAND is the maximum and minimum number of pieces of LAND. As a result, the value of LAND continues to rise.
In Decentraland, MANA is the means of payment, with which you can buy not only LAND but also, for example, outfits. Within Decentraland you have the freedom to do things you want. For example, you can organize events or develop your own game. You can actually call the ambitious Decentraland project a digital real estate simulation.
Want to buy decentralized land? This is best done on Binance or Crypto.com
THE SANDBOX
The Sandbox (SAND) is a similar NFT project as Decentraland. SAND is also a virtual world that works on the Ethereum Blockchain. In this virtual world you can build things, trade items and earn money. The currency in this world is SAND. However, where Decentraland is more like Sims, Sandbox is more comparable to Minecraft.
All items in the game can be tokenized (and become an NFT), making them actually the property of the owner. This sets it apart from Minecraft. Whoever builds a world in Minecraft is still not the owner. The game Minecraft will always be that way.
However, The Sandbox is still in its infancy and still under development, but it is a promising crypto project for the future.
Want to buy The Sandbox? This is best done on Binance or Crypto.com
THE INFLUENCE OF METAVERSE AND META COINS
Of course, life nowadays takes place more and more online. That will only increase in the future. The Metaverse is closer than you think. It is difficult to describe the Metaverse. You could say that the Metaverse is a combination of:
- Physical reality
- Augmented Reality.
This reality is difficult to explain. Remember the mobile game Pokémon GO? That game used augmented reality. You could catch different Pokémon in Poké Balls in Pokémon Go. You could find this Pokémon by scanning the environment with your camera. So when you walked down the street, you saw that street on your screen. Suddenly a Pokémon could appear on the street. That’s Augmented Reality. A kind of digital layer over reality.
- Virtual Reality: we know this, for example, from the VR glasses. In it you step into a digital world in which the objects around you seem real.
There are already a number of games that work with a kind of Metaverse world, such as Roblox and Minecraft. However, the difference with new Play To Earn games is that you cannot earn money with games such as Roblox and Minecraft. Moreover, those games run entirely on the Internet.
Play to Earn Games
The new Play To Earn games, such as The Sandbox and Decentraland, work with Blockchain technology in addition to the internet. In these games you can earn real money and you have the freedom to do whatever you want. It really is a virtual world that comes to life and has a fully functioning economy.
Items or resources that you find can be exchanged for the crypto currency associated with the game. You can of course exchange this cryptocurrency for dollars if you wish. The possibilities in such a Play To Earn game are endless. For example, you can develop your own games and organize events, for which you can ask money. In this way, the digital world presented to you in the popular Netflix series Black Mirror seems to become more and more reality.
THE MOST PROMISING CRYPTO PROJECTS
Above we have already discussed some Meta coins with the corresponding Metaverse worlds, such as Mana, Land, Sand and Enjin Coin. Some other big Meta coins are for example Axie Infinity and My Neighbor Alice. You may have noticed that these coins have been experiencing a significant gains in value recently.
Making money with such Metaverse worlds is closer than you think. They are therefore the most promising crypto projects, which the “normal” crypto coins can also benefit from in the future.