In the cryptocurrency market, finding the best cryptocurrency to invest in is a great method to produce above-average returns. As a result, you'll be able to ride out market fluctuations and focus on other aspects of cryptocurrency investing.
For investors, we've gathered top 10 most valuable cryptocurrencies in circulation, as determined by their market capitalization. They have the potential to expand into many areas of the economy, including financial markets, cloud computing, and content delivery networks.
1.Lucky Block
An entirely new lottery system called Lucky Block has been launched that seeks to revolutionize the $330 billion business by addressing issues such as lack of transparency and confidence in present lottery products. Using the 'Web 3.0' decentralized network strength to break the control of the centralized lottery operators is how Lucky Block aims to succeed.
With Lucky Block, gamers will be able to vote on where their charity gifts go — all transactions will be accessible on the public blockchain – in addition to being randomly generated.
Running lottery drawings on a blockchain also provides ticket buyers with better odds because of lower costs. The advantages don't stop there, either. The desktop client for Lucky Block will be released on March 21st, and with it, a token distribution for all token holders. A token holder receives 10% of every jackpot.
As an additional perk, the LBLOCK native token has a transaction fee of 12 percent, which encourages long-term investment rather than speculative trading that has been prevalent in the crypto market thus far.
The goal of Lucky Block is to replace national lotteries with a truly global system that is open to everyone. So to speak, the stakes are high.
Decentralized exchange PancakeSwap has provided the data in this table. LBank, a centralized exchange where LBLOCK also trades, provided us with volume data.
2.Tron Network (TRX)
Consensus on TRON's decentralized app platform is achieved by a system of delegated Proof of Stake (DPoS).
Justin Sun, the man behind Tron and one of the most well-known figures in the crypto world, established the project. Tron's acquisition of BitTorrent, the peer-to-peer file-sharing network, was a bold move in 2018. The BitTorrent Token (BTT) was created as a direct result of the acquisition.
It is still one of the most active blockchains, despite the fact that Tron's velocity has slowed in recent years.
3.The Sandbox (SAND)
Non-fungible tokens (NFTs) and its utility token $SAND power the Sandbox platform, which allows gamers to create, own, and monetize their activities. Digital certificates of ownership are in essence what NFTs are.
When it comes to integrating their digital assets into games and trading them on marketplaces, players can rely on NFTs to provide proof of ownership. The Sandbox has features like the Game Maker to encourage player participation.
LAND tokens are used to purchase digital lots of real estate in the Sandbox metaverse, where players can become developers and connect with one another.
In the metaverse, where people will work, play, socialize, and shop, companies like Facebook owner Meta are placing large bets that there will be money to be made.
Snoop Dogg's Sandbox 'residence' was just purchased by an unidentified buyer for $450,000.
Sandbox is one of great new cryptocurrencies to buy.
4.Enjin (ENJ)
This time, the crypto world's Enjin Coin which focused metaverse product, wants to be the go-to digital asset for in-game things. More than 250,000 gaming communities and 18.7 million gamers are already using Enjin, which aims to become the "biggest gaming community platform online."
ERC-1155, the token created by the Enjin team and adopted as an Ethereum token standard for specialized NFTs, was approved by the Ethereum community.
Similar to The Sandbox, Enjin provides software development kits (SDKs) to game creators to speed up deployment.
5.Binance Coin (BNB)
To trade and pay fees on Binance, the world's largest cryptocurrency exchange, you can use the Binance Coin, which is a sort of cryptocurrency.
Originally designed to facilitate trading on Binance's exchange platform, Binance Coin has grown significantly since its inception in 2017. With it, you can trade, collect payments, and even make travel plans. This cryptocurrency can also be traded and swapped for other types of digital currencies.
In 2017, BNB's price was under $0.10. The price had climbed to $413 by the beginning of March 2022, a gain of over 410,000%.
6.Bitcoin
When Bitcoin (BTC) was created in 2009, somebody or a group was using the pseudonym Satoshi Nakamoto. BTC, like the majority of cryptocurrencies, relies on the decentralized ledger technology known as blockchain to keep track of transactions. The distributed ledgers of Bitcoin are protected from fraudsters because the transactions must be confirmed by solving a cryptographic challenge, a process known as proof of work.
Even though Bitcoin has a lot of room for growth, it is generally viewed as a safe haven for investors in the banking sector. There are only 21 million Bitcoins for supply and they will be reached by the year 2140, much like gold.
As a result, Bitcoin is better suited as a long-term value store than a medium of exchange. When using the prominent crypto exchange eToro, you only need to risk $10 to invest in the most valuable digital asset in the world. Because of this, eToro is a great choice for investors on a tight budget who want to buy Bitcoin but don't want to pay the full value of a single unit.
7.Ethereum (ETH)
Ethereum (ETH), one of the alternatives to Bitcoin on our list, is a decentralized software platform that allows smart contracts and decentralized apps (dApps) to be written and run without the need for third-party downtime, fraud, control, or intervention. The purpose of Ethereum is to create a decentralized suite of financial goods that anybody in the world, regardless of nationality, ethnicity, or religious convictions, can freely access.
This factor amplifies the implications for those in some countries, as those who lack official infrastructure or identification can get bank accounts, loans, insurance, and a variety of other financial products.
Many people believe Ethereum, the second most popular cryptocurrency on the market, will rise in value over time and be a better investment than Bitcoin. In the near future, Ethereum 2.0 will be upgraded to Proof-of-Stake, which will greatly increase the platform's speed and reduce fees.
8.Decentraland (MANA)
Another great cryptocurrency to invest in is Decentraland, which is similar to The Sandbox in the virtual world element. On the Ethereum network, the ERC-20-compatible MANA token can be used to purchase LAND tokens.
Again NFTs are utilized to assign ownership to the digital real estate. Real-world examples show that valuable land is located in the most congested areas.
Virtual world startup Tokens.com invested approximately $2.5 million buying land in the metaverse as an indicator of a growing interest in virtual worlds and the prospects they provide.
And the first mortgage on the metaverse was taken out at the end of January. Decentraland real estate was purchased by one of TerraZero's clients on January 29th, thanks to finance provided by the metaverse corporation.
Since a few years ago, crypto has been quietly constructing a 'open' metaverse, at a fraction of the expense that Mark Zuckerberg's Meta Platforms is spending billions on.
9.Curve (CRV)
Decentralized finance (DeFi) protocol Curve Protocol has been a fast grower. In the beginning, its strategy focused on using stablecoins' liquidity to produce more stable sources of loan yields. Curve's markets have no order books; instead, a computerized algorithm based on liquidity pool trading pairings creates new trades.
With the addition of so-called wrapped tokens that operate on blockchain network other than Ethereum, where Curve runs, it has evolved into a trading arena for a wide range of coins with pegged values.
To date, Curve has 122 different liquidity pools for trading pairs on the decentralized exchange (DEX), where its trading costs are fiercely competitive, liquidity is abundant and slippage is well controlled (when the price slips between the time the trade execution began and it ending).
We believe Curve is a secure cryptocurrency to invest in at this time.
10.Basic Attention Token (BAT)
Another area where cryptocurrencies and blockchain technology are projected to have a significant impact is digital advertising, a massive, multi-billion dollar sector. That being said, BAT, the original digital asset of Basic Attention Token, is at the fore of this movement. By eliminating the need for third-party intermediaries, BAT enables direct connections between consumers with advertising.
Basic Attention Token ensures that users only see adverts that are relevant to their individual needs when they use the BRAVE browser. BAT tokens are rewarded to users as well as digital advertisers in exchange for their time and attention. As a result, advertisers can rest assured that their promotional materials are reaching the intended demographic.
FAQ
How Do I Buy Crypto?
You can buy cryptocurrencies using crypto exchanges, such as Coinbase, Kraken or Gemini. In addition, several brokerages, such as WeBull and Robinhood, also allow clients to acquire cryptocurrency.
Can I Buy Crypto With a Credit Card?
Yes, you can. However, if you use your credit card for investing in cryptocurrencies, your credit card company may treat it as if you were withdrawing cash from an ATM. Not only pay for higher interest rate, you’ll have no credit rewards, such as cash back, travel points or miles.
The exchange may charge a fee for using a credit card in addition to the service fee. A currency exchange may charge a percentage of the transaction amount to convert dollars into bitcoin or another cryptocurrency.
What Cryptocurrencies are Best for HODLing?
HODLing is an option if you have confidence in the direction and value of your selected coins. Long-term holdings with the goal of weathering crypto's wild waves is at the heart of HODLing.
Conclusion
At the moment, the crypto market is rangebound, with altcoins following bitcoin's lead. With bitcoin trading near $38,000, there is significant speculation about whether a breakout to the upside is likely, possibly aided by global geopolitical concerns in the first quarter of 2022.
The exact timing of any such breakout is still up in the air. Despite this, we believe the market is nearing or at the bottom of current cycle. As a result, a diversified portfolio of crypto assets based on the 10 currencies mentioned above should give plenty of upside for investors.
Buying crypto assets near cycle lows gives a good risk-reward opportunity if held for the medium term, which may be up to three years.
Investors may desire to try dollar cost averaging into the market by buying relatively little amount on a monthly basis to smooth out returns, so skipping the need to attempt to time the ideal moment to invest a large sum.
