Top 5 cryptocurrencies to invest in 2022
Note: All price related data is fetched from everycoinprice.com
Cryptocurrencies started with the purpose of being a decentralised form of payment system where people could exchange value globally without a need of a central authority managing transactions or taking a cut. But recently they have turned into high risk, high reward investment schemes due to their volatile nature. Their returns have been ranging from 100% to 10,000% in a year for some, which is massive knowing that no other real world entity could give such returns on investments as most of them are regulated.
Here we look at the top 5 cryptocurrencies with potential of great returns and backed by great team, projects and investors as well.
Solana (SOL)
Solana is a public blockchain platform with smart contract functionality. It has the symbol of SOL. Solana is additional layer on top of Ethereum to make transactions faster and fees cheaper. The major roadblock to ethereum use has been high gas fees and longer time to process transactions. Platforms like Solana aims to solve that. The best part about Solana isn’t just that but the superior returns it has offered to its investors who invested in the cryptocurrency within these two years. There have been both highs and lows but in the end it is estimated that 70% of its investors have been in profit.
Returns-
Solana returns touched +6000% in November, 2021 for someone invested in it for 1 year. These are high-end superior returns not to be found anywhere in the physical world. Crazy returns like these are the reasons of the rising industry and interest in cryptocurrency investments.
Cosmos (ATOM)
Cosmos is a decentralized network of independent parallel blockchains. They are powered by a consensus algorithm named Byzantine Fault-Tolerence or BFT. All the blockchains the Cosmos ecosystem are interoperable and could easily scale together. The idea that these group of blockchain could communicate among each other is the reason, what makes Cosmos different from rest of the technologies in the cryptocurrency space. ATOM is the cryptocurrency on the cosmos network.
Returns-
Cosmos (ATOM) returns have crossed +1000% in these past 3 years.
Zcash (ZEC)
ZCash key goal is to provide advance level of security to its users, in the cryptocurrency space. ZEC is the symbol for its cryptocurrency. Zcash code is mostly based upon Bitcoin. It has many similarities like limited supply of 21 million units. Zcash uses the zk-Snark security protocol that makes its transactions fully encrypted including the sender, receiver and the transaction details. This is what makes Zcash more secure than other Altcoins in this space.
Returns-
ZCash returns ranged from 100–300% returns on April, 2021. The key earning potential with ZCash is its mining, that is done using various Bitmain Antminers Z-edition.
Basic Attention Token (BAT) is a blockchain based system based on time and attention tracking of consumers watching advertisments and media. The token is part of a larger ecosystem on the Brave web browser. Brave rewards its user with BAT token for seeing advertisments on their platform. This is the first time that users are paid to watch advertisements on the internet at such a large scale and wide availability.
Returns-
BAT returns were near +200% in the past 3years
Loopring is a DeFI (Decentralized finance) protocol solution built on top of Ethereum. It’s aim was to build a system which is faster and cheaper to process transactions. It uses the zkRollups(zero-knowledge rollups) cryptography to achieve that. It’s symbol is LRC
Returns
Loopring (LRC) returns ranged. from 1000–3000% in past 3 years
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