12 Best Cryptocurrency to Invest in 2022
Categories: Crypto News
1.Lucky Block – transforming lotteries with blockchain tech
Lucky Block is a new lottery platform that aims to revolutionise the $330 billion global industry by solving, among other things, the lack of transparency and trust in current lottery products. Breaking the grip of the centralised lottery operators by applying the power of ‘Web 3.0’ decentralised networks is how Lucky Block plans to succeed.
2. Tron Network (TRX) – multi-faceted dapp platform
As one of the best staking coins out there, TRON is a multi-faceted decentralised application platform operating with a delegated Proof-of-Stake (DPoS) consensus mechanism.Tron was founded by Justin Sun who has become one of the best known characters in crypto. In 2018 Tron made the audacious move of acquiring BitTorrent, the peer to peer file sharing network. As a direct result of that purchase the BitTorrent Token (BTT) was launched soon after.
3.The Sandbox (SAND) – metaverse and gaming digital asset monetisation platform
The Sandbox platform is an ecosystem where gamers can create, own, and monetise their activities wit the help of non-fungible tokens (NFTs) and its utility token $SAND. NFTs are in effect a digital certificate of ownership.
4.Filecoin (FIL) – distributed file transfer and storage
Filecoin is a relatively new cryptocurrency to invest buy for exposure to distributed data storage network that seeks to turn unused data storage into a business resource, where those with excess capacity are able to sell it users seeking greater capacity.
5.Enjin (ENJ) – gaming community platform, virtual goods marketplace
Enjin Coin is another game-focused metaverse product from the crypto world, this time focused on making its token the go-to digital asset for in-game items. Enjin aim is to become the “largest gaming community platform online” and already boasts the involvement of 250,000 gaming communities with a total of 18.7 million gamers.
6.Decentraland (MANA) – Metaverse virtual world
Decentraland is similar to The Sandbox in its virtual world aspect and another solid cryptocurrency to invest in. Here there are also LAND tokens which are purchased with the ERC-20-compatible MANA token that runs on the Ethereum blockchain.
7.Uniswap (UNI) – decentralised exchange
Uniswap took original form in 2016 in the mind of Ethereum co-founder Vitalik Buterin as a blue-sky idea he was musing about. As with Curve, it operates with an automated market making system that obviates the need for an order book. Prices are determined by the ratio of the paired swapping assets.
8.Curve (CRV) – decentralised exchange
Curve protocol has been a fast-grower in the decentralised finance (DeFi) sector. Its approach was initially centred on leveraging the liquidity of stablecoins to create more stable sources for yields on loans. There are no order books for the markets on Curve, with market making instead an automated process built around liquidity pool trading pairs.
9.PancakeSwap (CAKE) – decentralised exchange
PancakeSwap is a decentralised exchange (DEX) that run on the Binance Smart Chain (BSC) and is also based on automated market making system. PancakeSwap is a fork of SushiSwap, which is another Ethereum-based DEX.
10.The Graph (GRT) – indexing protocol for querying blockchains
We take for granted that the internet “just works”, without having to think about how universal resource locators (urls – web links) actually work of what TCP/IP protocols are. Without them there would be no Google search engine. The Graph is attempting to build the indexing standard for the decentralised application world, so that data on blockchains can be queried in an easily accessible way.
11.Chainlink (LINK) – decentralised oracle network
Chainlink’s purpose is to solve the problem of connecting smart contracts to real-world events in a secure fashion. Smart contracts are pieces of code that embody certain business logic, such as when to pay an interest on a loan. In order to known when to make the payment to lenders, the smart contract in this case would need to know the calendar date.
12.Dent (DENT) – decentralised mobile data marketplace
Dent says its vision is to create a global exchange using the Ethereum blockchain, where everyone has the opportunity to buy and sell mobile bandwidth in any country. With 7.26 billion thought to own a smart or feature phone – 91.62% of the world’s population – the business opportunity in this market is immense.