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When Bitcoin and Ethereum completely fell in value along with other cryptocurrencies like Terra, there was a huge stock market crash in 2022. Does that mean it's time to get your money back? ? Well, if you look at the history of the cryptocurrency market, it has always bounced back.
Since the current price is low (low for some cryptocurrencies) and the future value is high, this is the best time to invest in cryptocurrencies. This raises the question of which cryptocurrencies are currently the best to invest in. Tag while we reveal the name!
Yup! Bitcoin still tops the list. Not only is it worth the investment because it is a name known as Spectrum Charter, but also because it is the safest. It works on a blockchain. All transactions are recorded and distributed across the PC network. Distributed documents are reviewed through a process called proof of employment. As of May 2016, bitcoin alone reached $ 500. Currently (June 20) $ 20,473.80.
Of course, Ethereum programmers love the obvious! Its smart contract feature allows you to automatically create the contract process. Since its launch, Ethereum has grown enormously, starting at $ 11 in 2016 and reaching $ 1,157.25. With such huge growth potential, why would anyone want to invest in this cryptocurrency?
3. My Freedom Coin
Also known as MFC, it's the only emergency asset you can lend without the risk of liquidation. It is still a real investment for 2022. This DeFi project was designed for a state of crisis due to the proven floor price of BUSD. Since it is safe and effective, beginners start investing and using cryptocurrencies with MFC.
4. Lucky Block
Lucky Block is one of the latest crypto lottery services powered by Binance Smart Chain. It's not just a cryptocurrency, it's a very profitable way to invest, which is why it's on the list. Launched in early 2022, this lottery platform is a huge success today.
This cryptocurrency has only one purpose: levels and developments. The platforms have done a commendable job of making the lottery system work better.
They developed a technique to ensure maximum transparency and fairness for students by using the possibilities of decentralized Web 3.0 networks. Prizes are randomly selected from lotteries, meaning everyone has a fair chance of winning.
This cryptocurrency runs on a decentralized platform with self-insurance and liquidity technology. The purpose of the introduction was to acknowledge their long-term commitment. How do you ask? Well, in two ways. Transactions made on StakeMoon are subject to a flat rate of 15%. Of course, this will deter investors from day trading and keep short-term traders away. 10% of this fixed interest rate will now be distributed to existing bondholders and the remaining 5% will go to the pool account.
The second option is to offer monetary compensation to traders who enter their signals into a betting registry. Each token is used to validate blockchain transactions.
Do you also want to win medals? ApeCoin is your best choice. Currently the most popular cryptocurrency and coin of Ape DAO. Yes, it is run by the founders of the Bored Ape Yacht Club (BAYC). But this is not the only reason to invest in this cryptocurrency. You must invest in it because the club has announced that it will launch its Metaverse and ApeCoin will be the main currency for trading purposes. Soon it will also be used as currency in the gaming network.
7. Solana (SOL)
This open source crypto project uses blockchain technology. He is a very efficient and stable person to invest properly. Also, it offers low transaction fees, which attracts potential investors. The transaction fee is only $0.01 for developers and users.
SOL is not only advantageous, but also has a high impedance sensor. The network is open for new transactions. Solana's current price is $34.75 per SOL, so anyone can invest now!
This blockchain co-proof of stake platform was founded in 2015 by Charles Hoskinson, co-founder of Ethereum. The proof of concept system requires owners to validate the transactions they accept. These rewards can be turned into passive income. Cardano basically works like Ethereum, which enables smart contracts and decentralized applications.
So far, the price of Cardano has been volatile. This is a risky investment, but it has potential. Do not be afraid to invest your money in Cardano, but it is also better to spread your investments in other cryptocurrencies.
When investing your money in this cryptocurrency, don't put all your eggs in one basket. Also expand your investment and create a safety net.
Sean Roger, passionate writer & blogger, loves to write about technology related blogs currently writing for Spectrum Charter.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.