Best Cheap Cryptocurrency to Invest in 2022
Cryptocurrencies have become very popular these days, especially among speculative investors. It used to be a small investment, but it is now the focus of financial news outlets.
If you are willing to put your money in the crypto market, a great way to get exceptional profit is to find the best cheap cryptocurrency to invest in. All in all, even the average investor is now familiar with the movement of Bitcoin and cryptocurrencies. However, Bitcoin is not the only cryptocurrency. If you want to steal your cryptocurrency from big names, there are many other options.
The 10 best cheap cryptocurrencies to invest in 2022
Following are our recommendations for the best new crypto on the market right now, based on extensive research and analysis:
1. Lucky Block (LBLOCK)
Lucky Block is a crypto-lottery platform that improves traditional lottery systems by utilizing blockchain technology. The platform’s native token, LBLOCK, can be used to purchase lotto tickets, making the entire process digital and fair.
Lucky Block can make payouts much faster – and conduct multiple prize draws every day – by using LBLOCK instead of FIAT. Furthermore, because geographical boundaries have been removed, users from all over the world can participate in these prize draws. Lucky Block is currently generating a lot of buzzes, with the presale selling out two weeks ahead of schedule. Furthermore, Lucky Block’s Telegram group already has over 20,000 members, demonstrating its strong community support.
2. Avalanche (AVAX)
Avalanche is a lightning-fast blockchain platform that employs three chains rather than one, dividing tasks and significantly increasing transaction speeds. The platform’s scalability is further enhanced by the fact that Avalanche employs two distinct consensus mechanisms.
3. Maker (MKR)
Maker is the native token of MakerDAO, an Ethereum-based decentralized lending platform. Users can use the protocol to lock up ETH and create ‘DAI,’ a stablecoin pegged to the dollar. This allows users to receive crypto loans and generate yields without having to go through invasive KYC checks.
4. Ethereum (ETH)
Ethereum is the world’s second-largest cryptocurrency, after Bitcoin, and has experienced rapid growth in recent years. Unlike Bitcoin, Ethereum provides a platform for developers to create decentralized applications (dApps) with full smart contract support. The upcoming release of Ethereum 2.0 will improve transaction speeds and scalability while also lowering fees. In the end, this could be good news for investors, as the value of ETH may rise as a result of these changes.
5. Chainlink (LINK)
Chainlink is a cutting-edge network that uses ‘oracles’ to feed off-chain data into the blockchain. Smart contracts in apps can use off-chain data like stock market prices, but it must be sourced in a decentralized manner. Chainlink’s nodes can source the data for a fee, which is paid in LINK.
6. Uniswap (UNI)
In the DeFi space, Uniswap is another cryptocurrency to consider. Uniswap is an Ethereum-based decentralized exchange (DEX) that allows users to easily exchange crypto tokens. Users are not required to provide personal information because it is decentralized.
7. Enjin (ENJ)
Enjin is an Ethereum-based cryptocurrency that fuels the NFT ecosystem. The exciting thing about Enjin is that it can be used to buy and sell items in a variety of blockchain games. Additionally, ENJ items can be used in multiple games, allowing for interoperability between different developers.
8. Basic Attention Token (BAT)
Basic Attention Token (BAT) is a one-of-a-kind cryptocurrency that aims to transform the digital advertising industry. Users of the Brave web browser can earn BAT for simply watching advertisements, while advertisers can earn BAT for creating ads that catch users’ attention.
9. Yearn.finance (YFI)
Yearn.finance, according to Binance Academy, is a DeFi protocol that allows users to earn high yields on their crypto holdings. Users can deposit their assets in ‘vaults’ and earn impressive passive returns – for example, depositing Curve tokens can earn up to 48.42 percent APY!
10. Solana (SOL)
Solana is the final new cryptocurrency to buy in 2022 that has a lot of potential. Solana, like Ethereum, is a blockchain network that allows developers to create and host decentralized applications. Solana, on the other hand, aims to improve on current systems’ poor scalability by employing a ‘Proof of Stake’ consensus mechanism that is less energy-intensive and capable of faster transaction speeds.
The cryptocurrency made its way into the gambling world almost as soon as it hit the global market. For several reasons, it currently dominates the online gaming industry. While picking up the best crypto casino for your next gameplay, consider Parimatch for its responsible gaming features like jhandi munda games. It has numerous other sports and e-sports to bet on with crypto.