Although the crypto market is a risky venture, it can bring you great profit if you invest properly. Besides learning when’s the right time to buy or sell or whether to HODL or not, you also need to pay attention to what cryptos you’re going to invest in.
You probably heard the phrase “diversify your portfolio,” which holds true for cryptocurrencies in 2022. Asset diversification allows you to avoid certain risks which are more prominent in the world of cryptocurrencies. For example, if you invest all your money in Polkadot and the project turns out to be a failure, you’ll lose most of your investment’s value.
However, if you only invest part of your money, the losses will be much smaller. That’s why we would like to recommend four options that seem like good investment opportunities in 2022.
Lucky Block
The idea of the Lucky Block project is to provide a worldwide, blockchain-based lottery. Blockchain’s security, convenience, and transparency are used to run a lottery where everyone can participate. The best thing is that holders of the token can also benefit by receiving a small percentage of the winning jackpot.
Lucky Block is new, and it’s one of the fastest-growing cryptocurrencies in history. The total supply is limited to 100 billion LBLOCK, and there are already around 37 billion tokens in circulation.
The project has been active since January 2022 and has managed to attract plenty of investors in a short period. It reached its all-time high on February 27, 2022, at $0.009617 per unit, while only 15 days before that, a single LBLOCK was worth only $0.0006616.
Overall, Lucky Block proposes a revolutionary idea and is likely to grow in the near future, as many investors are reportedly buying the Lucky Block token.
Ethereum
Ethereum has been the second most popular cryptocurrency project for a long time. It’s a platform for building decentralized applications and smart contracts created by Vitalik Buterin, who is still one of the most important people in crypto.
Ethereum already has a great network, and the team behind it is actively working on upgrading it to Ethereum 2.0. The new version will use better technology and switch to proof-of-stake, allowing ETH owners to stake their coins as a way to partake in governing the network. This will also allow them to earn passive income.
Similar to the value of bitcoin, the price of ETH has gone up and down time after time. However, if you look at the entire history of ether, you’ll notice an overall increase. The most recent all-time high for the coin was on November 16, 2021.
Thanks to the big plans for the Ethereum platform, ETH has the potential to appreciate even more in the future, which is why it is widely regarded as a good long-term investment.
Cardano
Cardano is a project named after the 16th-century Italian genius Gerolamo Cardano. It uses the ADA ticker symbol. It was one of the first projects to introduce the proof-of-stake consensus mechanism, and it aims to “redistribute power” from big and unaccountable structures to individuals.
Cardano was a pretty big deal back when it was created, and it’s still regarded as an interesting crypto investment opportunity.
Cardano was launched in 2017 and was almost immediately popular with investors, reaching more than $1.10 per unit in the first crypto investment craze that took place in late 2017/early 2018. The price then went down, until investors started paying attention to ADA again. On September 2, 2021, Cardano reached an all-time high of $3.10.
The maximum ADA supply is set to 45 billion, and there are currently 33.7 billion ADA in circulation.
Bitcoin
Unless you’ve been living under a rock, you’ve probably at least heard about Bitcoin. Despite the creation of numerous altcoins, it is still the #1 cryptocurrency, and it seems it will remain that way for a very long time. An increasing number of businesses are accepting bitcoin, and if one crypto becomes adopted by governments worldwide, it will be bitcoin.
Bitcoin’s first huge spike in price took place in December 2017, when a single unit of BTC almost reached $20,000. However, there was a quiet period after that, until the second big wave of crypto investments, with BTC reaching an all-time high on November 10, 2021, when one BTC was worth $68,789.
On the other hand, BTC’s all-time low goes way back to its inception, when you could buy it for less than $1. Being the most popular crypto, BTC could reach new heights in the near future.
Final thoughts
We presented the four options we consider successful at the moment. However, please take into account that the world of cryptocurrencies is highly unpredictable, so we encourage you to do additional research of your own and learn more about the cryptos described in this guide before investing in them.
Disclaimer: This content contains links to third-party websites. Coinfomania does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company linked in the report.
