What is the best cryptocurrency to invest in right now?

in #crypto2 years ago

Best cryptocurrencies to invest for the long term in 2022 — Guide and analysis

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Many investors today seek to trade cryptocurrencies through short-term strategies, in order to take advantage of volatile price swings. However, the best way to approach this huge market is to invest in the best cryptocurrencies for the long term.

Doing this will allow you to overcome the volatility of the market and therefore take a much more practical approach when investing in cryptocurrencies for the long term.

In this guide we will analyze among 10 excellent projects with great potential the best cryptocurrencies to invest in the long term in 2022:

Here is a brief overview of the top 10 cryptocurrencies to invest for the long term in 2022.

  1. Lucky Block — Overall the best long-term cryptocurrency in 2022

  2. Yearn.finance — Decentralized lending service with huge potential

  3. The Sandbox — Popular currency of the Metaverse to generate long-term growth

  4. BNB — Currency with constantly growing potential

  5. Solana — Has outperformed Ethereum in most metrics

  6. Uniswap — Best Long-Term DEX Investment Cryptocurrency Portfolio

  7. XRP — Excellent long-term crypto investment that challenges SWIFT

  8. Bitcoin — The best cryptocurrency to hold a long-term store of value

  9. Cosmos — Long-term investment in blockchain interoperability

  10. Basic Attention Token — The best cryptocurrency to invest long term in the future of digital advertising

Continue on in this guide to read our in-depth look at all of these digital asset projects. In this way, you will be able to make an informed decision and choose to buy cryptocurrencies in 2022.

A closer look at the best cryptocurrencies to invest for the long term

We spent countless hours researching the market to find the best cryptocurrencies to invest for the long term in 2022, our results were largely based on the following metrics:

How established is the cryptocurrency in terms of when it was launched and the number of token holders

The market capitalization of the project.

The potential advantage that cryptocurrency can offer for long-term investments.

Next objectives and long-term goals of the project.

If the token is potentially undervalued at current price levels.

The best cryptos under $1 in 2022.

Taking the above metrics into account, our analysis of the top 10 cryptocurrencies to invest in the long term can be found below:

1: Lucky Block — Overall the best long-term cryptocurrency in 2022

The best cryptocurrency to invest for the long term in 2022, according to our in-depth analysis, is Lucky Block. This project is building a mobile app and desktop software interface that will allow users around the world to participate in lucrative jackpot lottery draws.

Unlike traditional lottery games, no centralized party is responsible for collecting ticket revenue and draw results. In contrast, the Lucky Block ecosystem is completely decentralized, especially since its platform is backed by blockchain technology and smart contracts.

Lucky Block is also quite attractive for lottery fans, thanks to its global offer. This is because all the lottery draws on Lucky Block are available without any jurisdictional restrictions. Naturally, this is expected to result in huge prizes compared to conventional lotteries, which are usually offered only to citizens and residents of the country where the draw takes place.

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If you like the idea of ​​what Lucky Block is building, you can start investing in this project by buying an allotment of its native token. The Lucky Block, or LBLOCK token, launched on its first exchange on January 26, 2022, so you can still get exposure to the project in its early stage.

In terms of pricing, the value of Lucky Block has skyrocketed from its presale valuation of $0.0015 per token. In fact, Lucky Block has previously reached highs of over $0.009 per token, which is an increase of nearly 6,000%, making it one of the best staking coins on the market today. However, the good news is that according to CoinMarketCap, the Lucky Block token has since entered a market correction due to taking profits.

Because of this, LBLOCK token can be purchased at a discounted price as long as it is trading below the $0.009 level. Looking at the project roadmap goals, in addition to its app launch, Lucky Block plans to list on 10 major centralized exchanges this year. Requests for this are pending. Also, Lucky Block is about to launch a bridge to Ethereum for more market exposure.

2: Yearn.finance — Decentralized lending service with huge potential

Decentralized lending facilities are expected to play a major role in the future of finance. In a nutshell, platforms like Yearn.finance allow users to obtain loans without going through a centralized operator, such as a bank. Plus, loans are approved as soon as the borrower puts down a security deposit, so no credit checks are required.

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In terms of funding, cryptocurrency loan deals are financed by investors. Anyone can invest in loans simply by depositing funds on the Yearn.finance platform. In doing so, an interest rate will be paid. The specific APY depends on a variety of metrics, such as the token itself and whether or not you are willing to lock funds for a minimum number of days.

3: The Sandbox — The best cryptocurrency in the Metaverse for long-term growth

In addition to Decentraland and Axie Infinity, Sandbox is a leading MetaVerse coin that aims to connect the virtual and real worlds through unique NFTs. At the forefront of this concept are NFTs, which represent land and real estate within the Sandbox ecosystem.

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In a recent example of a successful NFT sale, a user spent several million dollars purchasing a collection of virtual islands. The investor then built virtual villages on each island, before selling each NFT on the open market for huge profits. And, if you like the sound of the Sandbox offering, its native crypto is very easy to acquire: SAND. So if you are looking for the best cryptocurrency for long-term growth in the metaverse, Sandbox is the project for you.

4: BNB — A currency of increasing use

Originally known as Binance Coin, BNB is the cryptocurrency backed by Binance. It allows users of Binance, an exchange that facilitates billions of dollars in daily transaction volume, to benefit from a 25% reduction in trading fees. Additionally, and perhaps most pertinently, BNB is used to pay transaction fees on the Binance Smart Chain.

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The aforementioned network is now favored by very promising crypto projects launching for the first time, such as Lucky Block. And therefore, considering that thousands of tokens are listed on Binance Smart Chain, the demand for BNB is likely to continue to rise in the long run.

5: Solana - Ethereum Rival with High Yield

The next project to consider on our list of the best long-term cryptocurrency investments for 2022 is Solana. Often described as the Ethereum Killer, Solana hosts a decentralized blockchain that enables the deployment of smart contract agreements. That said, Solana performs significantly better than rival Ethereum in most metrics.

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For example, Ethereum and Solana can handle approximately 16 and 65,000 transactions per second, respectively. Also, while transactions on the Solana network are almost free, Ethereum fees are still expensive. And as such, if you think Ethereum's smart contract dominance won't last forever, Solana might be the best cryptocurrency to invest in for the long haul.

6: Uniswap - The best crypto portfolio to invest with a long-term DEX

Built on top of the Ethereum blockchain, Uniswap hosts a powerful decentralized exchange platform, or DEX. Although Uniswap is not the only DEX in this market, it is one of the most popular in terms of number of clients and daily transaction volume. The general concept with a DEX like Uniswap is that traders can invest in cryptocurrencies without intermediaries.

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This is possible thanks to the AMM (automated market maker) model, which is based on granite-solid smart contract agreements. In this way, Uniswap is one of the best ways to invest in cryptocurrencies in the long term for this period, focusing on the future of decentralized trading.

7: XRP - Great long-term investment vs. SWIFT

SWIFT dominates the global cross-payment system to a considerable extent. However, this old network is not only slow and expensive, it requires the use of correspondent banks when less liquid currencies are being transacted. This is where Ripple comes in with its native XRP token, as the network aims to revolutionize global payments.

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Simply put, when banks use the Ripple network, of which over 200 financial institutions have already started testing, international payments take only 4–5 seconds to process at a fee of less than $0.01. And, most importantly, this is the case even when transferring minor or exotic currencies.

8: Bitcoin - Excellent long-term store of value

Although there is still a lot of upside potential left with Bitcoin , this digital currency is often seen as a hedge against the broader financial markets. The reason for this is that, like gold, Bitcoin has a finite supply, which, at 21 million tokens, will be reached in about 2140.

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Therefore, Bitcoin is a good investment as a long-term store of value than a medium of exchange. To invest in the world's most valuable digital asset, you only need to risk $10 when you use the popular cryptocurrency exchange eToro. This means that when you buy Bitcoin with eToro, you will be buying a small fraction of a token, which is ideal for investors on a budget.

If you've recently invested in BTC and are wondering how to spend Bitcoin in 2022, we've rounded up the best places to use the world's biggest cryptocurrency right now.

9: Cosmos - Long-term investment in blockchain interoperability

The next crypto on our list of the best cryptocurrencies to invest in the long term is Cosmos, which is focused on the growth and implementation of blockchain interoperability. This key technology will allow the various competing blockchains, such as Bitcoin and Cardano, to communicate with each other.

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This opens the doors for cross-chain transaction and data exchange, which is crucial for the development of the Internet of Things (IoT). To invest in Cosmos, you can buy its native digital currency - ATOM with ease. As of this writing, the project still has a market cap of less than $10 billion, so there is plenty of upside left on the table for long-term investors.

10: Basic Attention Token: The best cryptocurrency to invest long term in digital advertising

Digital advertising, which is a huge multi-billion dollar industry, is another space that is expected to be revolutionized by cryptocurrencies and blockchain technology. At the forefront of this is Basic Attention Token and its native digital asset: BAT. In a nutshell, BAT eliminates the need for third party platforms and subsequently connects consumers and advertisers directly.

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In simpler terms, by using the BRAVE browser, which is backed by the Basic Attention Token, users will only get exposure to marketing ads that are relevant to their personal needs. Additionally, users are paid BAT tokens for their attention, which is financed by digital advertisers. And in turn, advertisers can be sure their marketing content is going to the right audience.

So, This is the best cryptocurrency to invest in right now!

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