Crypto is the latest fintech fad! Blockchain technology has gained much popularity as the enthusiasm surrounding cryptocurrencies like Bitcoin and Ethereum has grown. According to Global Market Insights, the cryptocurrency market exceeded USD 900 million in 2020 and is expected to rise at a CAGR of over 10% from 2021 to 2027. Owing to increasing digitalisation and changing millennial attitudes in our nation, cryptocurrency in India is expected to boom at a dramatic rate.
So, if you too are tempted by the idea of investing in crypto, here are the top 5 cryptocurrencies to invest in 2022-
5 Cryptocurrencies to Invest in 2022 for 10X Returns
Cardano is another most popular cryptocurrency of 2022. In fact, it is gaining traction due to its various benefits that overpower the common cryptocurrencies like bitcoin and Ethereum. The fast processing of transactions makes Cardano stand out making it the best cryptocurrency to invest in 2022. In addition to that, ADA, the currency of Cardano, is the fastest-growing crypto asset these days.
2. Lucky Block (LBlock)
Since the beginning of this year, Lucky Block has gained popularity. This cryptocurrency works on the lottery system that utilises blockchain technology. It offers its customers a fun way to participate in continuous prize drawings. Here every LBlock holder gets a dividend of the jackpot, that is they earn 10% on every jackpot. So just by being a token holder, users can earn. Lucky Block is currently one of the best play-to-earn games where you can invest your time and money effectively.
Avalanche, also known as AVAX, is another top crypto to invest in this year. It is the direct competitor of Ethereum. Technically, Avalanche is a blockchain system that includes the features of a smart contract. It provides a robust blockchain that can accommodate more significant transactions and the requirements of a bustling cryptocurrency network. Furthermore, Okcoin and Celsius are the two options that assist Avalanche staking.
4. Battle Infinity (IBat)
Battle Infinity is one of the best cryptocurrencies to buy in 2022. The primary offering of Battle Infinity is the Battle Arena. Gamers have fun and experience the benefits of gaming in the meta-verse world. On July 11, 2022, IBAT went on sale at a presale price of $0.0015 per token. If you believe Battle Infinity has growth prospects in the long run, then now would be a good moment to invest in it.
If you are looking to invest in low-priced cryptocurrency, then XRP is a great option. XRP is also known as Ripple, and it runs on RippleNet. It is a digital payment network that is a component of the ledger distributed database. XRP is the native currency of the Ripple Network. The best part of XRP is its faster transaction that doesn’t require multiple verifications or proofs to process transactions. When managing transactions on a worldwide scale, Ripple provides companies and financial entities with transparent, efficient, and affordable options.
Cryptocurrency is one of the most volatile investment options out in the market. However, it is a fantastic option to consider if you have a good risk appetite. This is because often, the returns you get from investing in crypto are insanely high—no wonder you get to read numerous rags to riches stories of crypto investors. But you should only invest the amount you can afford to lose when investing in cryptocurrencies. Also, don’t put all of your assets on the line. So, which crypto are you planning to invest in this year?