Are you interested in investing? If the answer is yes, you should also be aware of one of the investment alternatives that is gaining popularity and interest worldwide: the cryptocurrency market.
Cryptocurrencies are a type of digital asset that does not exist in physical form. They are stored in digital wallets and can be used to purchase products online on certain platforms.
These cryptocurrencies are encrypted with the help of cryptography to secure both transactions and property and to prevent illegal copies from being made. What cryptocurrencies should you buy in 2022? What should you pay attention to?
2022 will be a good year to invest in cryptocurrencies like Bitcoin. You should keep the following points in mind to know which cryptocurrency you should buy. These facts can help you make the best decisions:
- Buy cryptocurrencies as soon as possible: Forecasts for the future of cryptocurrencies say they will continue to rise. The sooner you decide, the more you can enjoy the benefits.
- Opt for a secure online broker: On the Internet, you can find dozens of platforms where you can trade cryptocurrencies, but not all of them are equally reliable. Our advice is to choose eToro.
- Invest in the best cryptocurrency: Currently, there are a variety of cryptocurrencies, and it is possible that new ones will be added in the future as well. If you want to bet on a safe thing, you should not forget that Bitcoin was the first and most profitable cryptocurrency.
- Don’t assume that there are no risks when investing in cryptocurrencies: Although the chances of making profits by investing in cryptocurrencies are high, there is always a risk in investing. That’s why it’s important to invest with common sense and not take too many risks.
Which cryptocurrencies are particularly interesting this week? The Best Cryptocurrencies 2022
Cryptocurrencies this weekLuckyblock (LBLOCK)
Lucky Block (LBLOCK) is considered one of the most promising cryptocurrencies of the year. The project combines blockchain technology with online gambling. To this end, the team behind Lucky Block has created a powerful platform based on the Binance Smart Chain, through which draws can take place daily on the basis of smart contracts.
After lucky Block cleared a number of technical hurdles during the spring of 2022, the official start of daily online draws is finally scheduled for May. The opening jackpot is more than 2 million dollars. Subsequently, Lucky Block will offer daily draws and payouts.
To participate, the purchase of LBLOCK tokens as well as a minimum participation fee is necessary. However, Lucky Block also wants to offer free participation opportunities. In addition, the project should also be interesting for investors who are not interested in gambling themselves. Owners of LBLOCK tokens are basically involved in each profit distribution with a total of 10 percent, regardless of whether they themselves participate in the draw or not. In addition, Lucky Block now also offers its own NFT collection.
If you want to secure a profit share now, you can either buy Lucky Block via the DEX PancakeSwap or purchase LBLOCK tokens with fiat currency directly on the Lucky Block website. DeFi Coin (DEFC)
DeFi Coin (DEFC) is currently one of the emerging projects in the field of decentralized finance (DeFi). The project was originally launched in May 2021. After extensive development and the achievement of several important milestones, the company has been launching its own decentralized exchange called DeFi Swap since spring 2022.
What makes DeFi Coin so interesting is its focus on long-term investors. The aim of the project is consistent and healthy growth. In the medium to long term, they want to position themselves as one of the most important players in the field of decentralized finance. The own DEX DeFi Swap is only the first big step.
DeFi Coin wants to offer its users more than competitive staking returns. They are also currently working on further expanding their own ecosystem. Basically, DeFi is currently one of the big trends in the field of blockchain. If you want to buy DeFi Coin now, you can choose between a whole range of different options.
The purchase of DEFC is possible via your own DEX DeFi Swap, as well as via PancakeSwap and BitMart. On the other hand, if you want to find out more about DeFi Coin and the further development potential of the project, you will find all the important information and updates on the homepage and the official Telegram channel of DeFi Coin. Ethereum (ETH)
The US Federal Reserve’s interest rate hike and the drama surrounding Terra Luna have hit the crypto markets hard. The losses have not stopped at large crypto currencies such as Ethereum.
Meanwhile, Ethereum (ETH) has fallen below the $2,000 mark, far from its all-time high of just under $5,000. However, because Ethereum still has excellent fundamental values, it could potentially be a good time to start investing in ETH.
Especially the imminent introduction of the PoS consensus mechanism could lead to rising prices again in the future. This transition makes the Ethereum network more scalable and transactions become significantly cheaper at the same time. Under normal circumstances, these upcoming developments would likely have a positive impact on the Ether price.
Assuming that Ethereum (ETH) will rise in the long term, many interesting entry opportunities could currently arise. However, due to the current market situation, an investment can still be classified as risky. Solana (SOL)
Solana (SOL) has been dragged into the abyss by the crypto markets in recent days. The cryptocurrency lost massive value within a very short time and is currently traded for just under 40 US dollars. This means that Solana (SOL) has lost more than 80% in value compared to the all-time high.
Precisely because of these heavy losses, Solana (SOL) is currently an extremely exciting cryptocurrency for us. Looking at the facts, it becomes clear that Solana was able to improve in many areas in 2022.
This can be seen, among other things, in increased network activity and the development of various applications on the Solana blockchain.
The current market developments are therefore in contrast to the development of Solana itself. Some analysts therefore see the current prices as a good time to start, which is why Solana could potentially be an interesting investment.
At Solana (SOL), however, the Solana price is also strongly dependent on the overall market development. If the current development continues, this would probably also have a negative impact on the Solana share price. An investment is therefore still associated with increased risks. Which cryptocurrency should you buy in 2022? Further list of the best cryptocurrencies that will explode:
In our experience, we can say that not all cryptocurrencies currently compete at the same level. There are some currencies that are already well established in the market and whose growth has been truly explosive since their inception.
On the other hand, there are lesser-known or recently created cryptocurrencies that, while not as popular, are likely to explode this year. First, we will briefly discuss what the 3 most popular and relevant cryptocurrencies are:Bitcoin
Bitcoin is undoubtedly the cryptocurrency par excellence, known worldwide and whose growth surprised even its creators.
It is possible that thanks to its growth, it has laid the foundation for the behavior of other cryptocurrencies. Ethereum
The cryptocurrency Ethereum announced that it wants to follow in the footsteps of Bitcoin. Their relevance increases with each passing day, as does their very high profitability.