Top 5 Best Crypto Investments of 2022
Coinspeaker
Top 5 Best Crypto Investments of 2022
Investing in crypto can be high risk, and that is why we have an interview with expert Dennis Loos, who has vast and remarkable knowledge and experience in the Crypto Market.
Dennis, let’s have a roundup of the best crypto investments for 2022?
Thanks, a few cryptocurrencies have the potential to scale for mass adoption not only in the financial sector but also in other areas of the economy, such as cloud computing and content delivery networks. The potential for cryptocurrency is extremely vast, and a few cryptocurrencies have this potential.
While we can’t exactly say any crypto is bad or unprofitable, it would be, however, important to note that time is a big factor in determining the success or failure of an investment. Considering the situation of things and occurrences in the crypto market for 2022, I would recommend the following crypto investment for short to medium-time profit. It is also important to seek financial guidance and advice from your financial advisor as these recommendations do not rule out their need.
My first Investment recommendation would be an investment in Lucky Block (LBLOCK), transforming crypto games with blockchain tech.
Why would you recommend the Lucky Block First?
Lucky Block is a cryptocurrency games platform to innovate the $330 billion global industry surrounding prize draws, giveaways, and play-to-earn games. This will be accomplished by addressing several issues, including a lack of integrity and trust in the currently available products in the lottery market. Lucky Block is applying the ‘Web 3.0’ decentralized networks to break the grip of centralized lottery operators. So if you’re looking into investing in Web 3.0 cryptocurrency for 2022, give strong consideration to Lucky Block.
Alright, Dennis Loos, what’s your advice for those interested in investing in Defi cryptocurrency.
For the DeFi cryptocurrency, I would say that DeFi Swap and DeFi Coin (DEFC) are great choices. DEFC is a very insignificant coin. In terms of the amount of trade and the holders. However, after a decline against an all high, the club’s possibilities of seeing a mushrooming interest and a strong price rise are high.
Can you recommend one investment option for Layer 2 crypto?
For Layer 2 Crypto, I recommend buying Polygon (MATIC), a layer two platform for the Ethereum app platform. It is considered layer two due to its increasingly crucial function in lowering the cost of Ethereum transactions; due to this role, Polygon is an essential component of the Web3 infrastructure currently in place. Polygon supports the development to help Ethereum scale, and even with the migration of Ethereum to Eth 2.0, this doesn’t remove the need for Polygon’s side chain approach.
The Sandbox (SAND) is a platform for commercializing digital assets in games and the metaverse.
The Sandbox platform is a system that allows players to build, operate, and commercialize their activities with the assistance of non-fungible tokens (NFTs) and the platform’s utility token $SAND. NFTs are the same thing as a digital certificate of the owner.
Players can add their digital assets to games, exchange them on markets, and assign legitimate ownership to those assets via non-fungible tokens (NFTs). The Sandbox offers several tools, like the Game Maker, to facilitate active participation from players.
In addition, The Sandbox is a virtual environment, also known as a metaverse, that is made up of digitized lots of real estate that can be purchased using LAND tokens and serves as a platform on which people may collaborate and operate as digital property developers.
Because the metaverse will be the environment in which people will work, play, interact socially, and shop in the future. Companies like Meta, which owns Facebook, are placing large bets on it, becoming the next iteration of the internet. Because of this, there will be opportunities to make money in the metaverse, and I encourage you to put some of your money there.
Dennis, what is your opinion on investment in the Ethereum blockchain network?
Ethereum (ETH) is a blockchain network that supports smart contracts.
We are all acquainted with Ethereum, a blockchain network that has emerged as the go-to option for developers of decentralized applications (dApps) all around the globe. Because Ethereum’s network can execute smart contracts, it serves as the underlying structure for these applications. Due to the removal of the intermediary in some transactions enabled by these smart contracts, the process has become completely decentralized.
Although Ethereum’s GAS costs have been the subject of criticism over the last several months, there is reason to be hopeful about the impending release of “Ethereum 2.0.” This upgrade, known as Ethereum Merge, will occur in August 2022. It will include the transition of Ethereum to a system known as “Proof-of-Stake.” This will significantly increase the scalability of its blockchain and reduced fees. When this upgrade happens, more people than even opt to buy Ethereum; it is, therefore, a wise choice to invest ahead of the bigger adoption.
What do you have to say about Decentraland (MANA)?
As for Decentraland (MANA), the metaverse virtual world is similar to The Sandbox in its virtual world aspect and is another solid cryptocurrency to invest in. Using the Ethereum blockchain’s ERC-20-compatible MANA token, LAND tokens may also be acquired.
NFTs are once again employed to transfer ownership over digital real estate. And, like in reality, the most expensive LAND is located in the busiest areas. I would therefore recommend that you invest in the future of interaction.
Curve (CRV) is a decentralized exchange. In decentralized finance, the Curve protocol has shown rapid expansion (DeFi). In the beginning, its strategy relied on using the availability of stablecoins as a means of producing sources of returns on loans that were more reliable. On Curve, the markets do not use order books; rather, market-making is accomplished via an automated mechanism that revolves around liquidity pooling trading pairings.
Today, it has grown to become a marketplace selling various currencies with fixed values, including so-called wrapped tokens that operate on blockchains apart from Ethereum, which is the platform on which Curve is based.
Currently, Curve has 122 different liquidity pools for the pairs that can be swapped on the decentralized exchange (DEX). Its highly competitive trading fees, deep liquidity, and constrained slippage (when the price slips between the time the trade execution begins and is finishing).
At this point, I rate Curve as a safe choice of cryptocurrency to invest in.
Generally, the cryptocurrencies mentioned above are my most recommended Crypto investment for 2022, and like I have earlier said, this doesn’t rule out the need for your financial advisor. Always remember to do thorough research and avoid investing under pressure.
Thanks for your time Dennis Loos!