Top 10 Cryptocurrencies for Your Investment in 2022 — Part II
In the previous blog, we have walked you through top 5 cryptocurrencies or NFTs to invest in based on the research of their intrinsic values and the statuses in the recent months. The field that we have mentioned in this blog series is the P2E (Play-to-Earn) gaming industry. As it is a trend that you should take notice of as its expanding popularity. We will continue this series with five more cryptocurrencies that you can add to your watchlist in 2022.
1. Avalanche (AVAX) — An Essential Alternative to Ethereum
Avalanche is a scalable blockchain network, hence it can rise above the current “top dogs” within the crypto space. Rather than one blockchain, Avalanche uses three separate chains each of which has a specific task. Thus, it can process even 50,000 transactions per second (TPS).
This platform has fascinated the attention of dApp developers as they can use a lower-fee platform than other networks. Thanks to the Avalanche Consensus Protocol, it has much more affordable transaction fees while maintaining the level of scalability.
The native token of Avalanche is AVAX is created to pay network fees. Also, it is ideal for staking. Any AVAX network validator can earn up to 10% APY which is higher than the rates by the traditional banking sector.
2. The Sandbox (SAND) — A Platform Monetizes Metaverse and Gaming Digital Asset
The Sandbox opens an ecosystem in which gamers create, own, and monetize their activities by non-fungible tokens (NFTs) and the utility token $SAND. Players can use NFTs for the assignment of verifiable ownership to their digital assets. Also, the integration of tools into games and trading helps players monetize the assets or the time they play games.
The virtual world of Sandbox, also known as a metaverse, has digital lots of real estate with LAND tokens. Hence, you can become a digital property developer and interact with each other. People see the future of the Sandbox as it enables them to invest in the metaverse much more easily.
3. Ethereum (ETH) — A Blockchain Network Offers Smart Contracts
Ethereum is not a new name but a big name in the coin field. It is the most famous and the most popular altcoin with decentralized applications (dApp) and smart contract functionality. It can remove the expenses and problems associated with the middleman from certain transactions.
Although Ethereum does not escape from the invasive effects of crypto winter, it still rises up to the top list of crypto investments due to high intrinsic values. The scalability and cost-savings of this coin mark it with the tag of being worth your investment.
4. Enjin (ENJ) — A Digital Marketplace for the Gaming Community and Virtual Goods
Enjin Coin is a product focusing on metaverse in-game, which provides tokens for players to own the go-to assets. It is considered to be the largest gaming community platform with more than 250,000 gaming communities. It has attracted more than 18.7 million gamers across the world.
The Enjin team is known for their innovative ideas and development in the NFT field. Its token follows the Ethereum token standard to specialize NFTs-ERC-1155. The development kits of Enjin facilitate smooth deployment of integrations into games.
5. ApeCoin (APE) — A Rising Star in the Field of Meme Coins
ApeCoin rises up with great potential to grow when its club — Bored Ape Yacht — attracts many celebrities and artists to create NFTs and monetize their artworks through the sophisticated systems.
ApeCoin is based on the Ethereum blockchain, so its tokens inherit the superior features of this blockchain technology. There are many upcoming metaverse projects that ApeCoin hosts. So, the growth keeps rising rather than being paused by the crypto winter. BAYC is still among the most expensive NFTs on the market.
Before You Go
Hopefully, this list can help you better your watchlist or have more suggestions for your portfolio. Amidst the ups and downs of the market, good references are great for you as a guideline. Of course, you should have them checked through in-depth analysis and powerful tools to increase the profitability of your crypto investing.
You might also be interested in other articles by Library of Trader.
New to trading? Try crypto trading bots or copy trading
