Choosing the best cryptocurrency to monitor or invest in can be extremely difficult most of the time, especially for beginners, because there are over 18,000 cryptocurrencies available for trading or investing in the market.
Most traders and investors today lack the experience to monitor the best currencies correctly and successfully, so this piece will review the top 5 currencies to see in 2022 so you can familiarize yourself with them before they rise in value in the future. next. .
What should always be on your mind as an investor when looking for a project to invest in is simply: “proven features in a project that will attract other investors, both large and small.”
As a result, it is worth watching very closely in this period in which they did not get a very wide adoption like Bitcoin and Ethereum.
However, according to the outstanding features that are always expected to be found in cryptographic projects, here is a look at the top 5 cryptocurrencies that investors and traders should keep in mind in 2022:
Ripple is primarily used as a cross-border payment method, making it incredibly valuable to everyone, regardless of location. It is a payment protocol that processes international monetary transactions using blockchain technology.
Ripple (XRP) offers low transaction costs and very fast processing times due to its usability, and several financial institutions use its technology. Even if you keep an eye on this crypto-token, keep in mind that it often faces high-profile challenges, especially in the United States.
Since the end of 2020, the Securities and Exchange Commission (SEC) has begun filing lawsuits against it. As a result, this legal problem you face most of the time hurts your price. The last few weeks have been pretty bad for SEC. Multiple reports and findings have revealed that the SEC is ready to lose filing and lawsuits. Whenever this happens, the price of the XRP token will explode.
Polygon (Matic) has always been on the list of major cryptocurrency investors, both long and short term. Polygon offers some features that are completely different from the major cryptocurrencies used for transactional purposes and the Defi currencies that allow you to issue blockchains and decentralized applications. It is an ERC-compliant project that aims to speed up the relatively faster processing speed of decentralized applications built on the Ethereum network.
While some of the features and utilities offered by Polygon (Matic) may have been seen in emerging projects, which makes those features common now, it’s worth investing in what serves as a source.
Mr Mint (MNT)
Mr Mint is a relatively new project that aims to create a truly sustainable currency with real-world applications and utilities. Mr. Mint is the world’s first token whose value is backed by real-world cryptocurrency mining, with an extremely simple concept: it aims to give endless opportunities to millions of people who want to participate in the sought-after “Bitcoin and Crypto” industry. mining ”with a limited investment. In addition, the project is also delving into the benefits of providing decentralized storage to DApps through the Web3 framework. That’s not it, NFT and Metaverse are the next steps on your roadmap.
When a user buys the MNT currency, a mining infrastructure is built and the mining rewards are re-incorporated into the liquidity and market capitalization of the MNT token. They then burn the tokens purchased, reducing the current supply, making it a win-win sustainable asset. It is not news that millions of people around the world have considered how they could make enough money from cryptocurrency mining, but unfortunately 90% of them lack the capital and knowledge needed to enter the field.
This project is attracting both small and large investors because it does not require a lot of money to participate and enjoy its added benefit, especially if you think you have missed the cryptographic mining bus and will not be able to participate in it. this industry is constantly growing and evolving. Just go to their official website and see how you can take advantage of the opportunity before it’s too late.
Verasity (VRA) is a video sharing network that caters to content creators and rewards viewers with VERA tokens (ERC-20 compliant tokens) for viewing content, sharing videos, viewing advertising, and recommending friends. This project allows viewers to support their favorite channels through VeraSparks, a smart contract that allows users to buy and own a portion of a channel and be rewarded with profits when the channel expands in the future. Due to this great use case, the token is good to keep an eye on; but it should be mentioned that VRA causes a lot of commercial controversy, which makes it unpopular in the cryptographic world.
Veracity currently holds two patents for its Proof-of-View (PoV) consensus mechanism. As a result, the VRA token is more likely to increase in value as the gaming ecosystem grows. Also on the horizon is a Binance exchange list. Therefore, before the previous two events, it is better to stock up on VRA tokens.
MANA, a cryptocurrency that drives one of the most popular metaverses, “Decentraland”, offers users a fully virtual environment in which they can own, operate and trade. Decentraland is a full-fledged alternative to our lives built from scratch by people. Many have also maintained that Decentraland (MANA) is the Bitcoin of Metaverse.
It’s never a bad idea to load up on Metaverse’s No. 1 token, as several large companies, including Facebook and Microsoft, are trying to get in and expand their Metaverse brands.
After intensive research, these 5 coins proved to be true jewels based on their utilities, visions, roadmaps and white papers. As stated above, investors are always attracted to the interesting elements that can be found within a project. As a result, before your actual profits are widely recognized, this is the best chance for you to arrive early.