Best cryptocurrency to invest in 2022

To have the best shot, below are selected best cryptocurrencies to invest in in 2022.

For your easy understanding, the best concurrency to invest in, in 2022, has been grouped into the following four business sectors, with three cryptos in each:

• Web 3.0 Coins
• Metaverse & non-fungible tokens (NFTs)
• Decentralized finance (DeFi)
• Data management

The top Web 3.0 cryptocurrency for 2022

Web3 is a future, decentralized form of the internet, where users become owners. Rather than using free apps and platforms that collect user data, as in the current phase of Web2, users in the future Web3 phase will be able to participate in the creation, operation, and governance of the protocols themselves.

With Web3 you can store your data on a decentralized network called blockchain and safeguard the ownership in the form of a token. You can own cryptocurrencies, NFTs, etc. Web3 is still in a very early stage.

In Web3, ownership can be represented by digital tokens or cryptocurrencies, through decentralized networks known as blockchains. 

With the Web3 technology, you can tokenize everything like a meme, piece of art, design, social media data, etc., and store the ownership on the blockchain technology. The ownership remains with the token holders and no one else. If you lose a token, you lose access which is a flipside.

Though a lot of people have already invested in cryptocurrencies and NFTs, the percentage is still very low.

1. Lucky Block – transforming lotteries with blockchain tech

Lucky Block is a recent lottery outlet that aims to revolutionize the $330 billion worldwide trade by solving, among other things, the lack of transparency and trust in current lottery products. Breaking the grip of the centralized lottery operators by applying the power of ‘Web 3.0’ decentralized networks is how Lucky Block plans to succeed.

Winners are not just randomly generated in a verified manner but players will be able to vote on where charitable donations go – with all transactions visible on the public blockchain with Lucky Block

Also, the cost savings that accrue from running lottery draws on a blockchain are the basis for better odds for ticket buyers. The benefits don’t end there. Lucky Block, which launches on 21 March when the desktop app is scheduled to be available, also pays a token distribution to every token holder. Ten percent of every jackpot goes to token holders.

Then there is the added allure of the 12% transaction fee on sales of the native token of the platform, BLOCK, which acts to incentivize long-term investment as opposed to purely speculative trading so common in crypto hitherto.

Lucky Block’s mission is nothing less than the replacement – or supplementing – of national lotteries with a truly global system open to all. There’s all to play for, so to speak. Lucky Block is also the best crypto under $1.

Data in the table below is from decentralized exchange PancakeSwap. We have included volume data from centralized exchange LBank, where BLOCK also trades.

LuckyBlock (LBlock/WBNB)

Price:     $ 0.002926

Volume 24 hour:                $2,347,239.79

Holders:                44,499

Transactions:      493,833

Pooled LBlock:   1.08 billion

Pooled WBNB:   8,698.22

Total liquidity:   $6,328,489.46

Diluted Market CAP:       $292 million

Table data correct as at 15 March 2022

LAUNCH PARTNERS

●         The Manc Group

●         Finixio

2. Tron Network (TRX) – multi-faceted dapp platform

As one of the best staking coins out there, TRON is a multi-faceted decentralized application platform operating with a delegated Proof-of-Stake (DPoS) consensus mechanism.

Tron was founded by Justin Sun who has become one of the best-known characters in crypto. In 2018 Tron made the audacious move of acquiring BitTorrent, the peer-to-peer file-sharing network. As a direct result of that purchase, the BitTorrent Token (BTT) was launched soon after.

Tron's momentum has slowed from a couple of years ago, but it is still one of the most active blockchains.

RETURN ON INVESTMENT (USD – %)

24H       5.54

7D          -13.02

1M         12.61

3M         -54.77

1Y           -13.12

INSTITUTIONAL INVESTORS

●         SEED Venture Capital

Metaverse and NFT cryptocurrency for 2022

3. The Sandbox (SAND) – metaverse and gaming digital asset monetization platform

The Sandbox platform is an ecosystem where gamers can create, own, and monetize their activities with the help of non-fungible tokens (NFTs) and its utility token $SAND. NFTs are in effect a digital certificate of ownership.

Players can use NFTs to assign verifiable ownership to their digital assets integrate them into games and trade on marketplaces. The Sandbox provides tools such as the Game Maker to enable player engagement.

Moreover, The Sandbox virtual world – or metaverse – is comprised of digital lots of real estate bought with LAND tokens, where players can become digital property developers and interact.

Companies such as Facebook owner Meta are betting big on the metaverse as the next iteration of the internet, where people will work, play, socialize and shop, so there will be money to be made.

An unknown buyer recently paid $450,000 for a patch of virtual land next to rapper and businessman Snoop Dogg’s Sandbox ‘residence’.

The Sandbox is an excellent new cryptocurrency to buy.

RETURN ON INVESTMENT (USD – %)

24H       4.69

7D          -16.71

1M         11.56

3M         -37.44

1Y           943.06

INSTITUTIONAL INVESTORS

●         Binance Labs

●         HASHED

●         True Global Ventures

4. Filecoin (FIL) – distributed file transfer and storage

Filecoin is a relatively new cryptocurrency to invest buy for exposure to distributed data storage network that seeks to turn unused data storage into a business resource, where those with excess capacity are able to sell it to users seeking greater capacity.

The exchange takes place in an automated algorithmically driven marketplace.

The network is built on top of a protocol known as InterPlanetary File System (IPFS), acting as both a layer to incentivize participation in the network and provide security in addition to its peer-to-peer sharing of storage.

RETURN ON INVESTMENT (USD – %)

24H       0.48

7D          -1.91

1M         6.88

3M         -60.73

1Y           -54.55

INSTITUTIONAL INVESTORS

●         Ausum Ventures

●         Blockchain Capital

●         BlueYard Capital

●         Boost VC

●         Coefficient Ventures

●         Continue Capital

●         Digital Currency Group

●         Galaxy Digital

●         Kosmos Capital

●         Nirvana Capital

●         Notation Capital

●         Pantera Capital

●         Placeholder VC

●         Y Combinator

●         a16z Crypto

●         zk Capital

5. Enjin (ENJ) – gaming community platform, virtual goods marketplace

Enjin Coin is another game-focused metaverse product from the crypto world, this time focused on making its token the go-to digital asset for in-game items. Enjin aim is to become the “largest gaming community platform online” and already boasts the involvement of 250,000 gaming communities with a total of 18.7 million gamers.

The Enjin team are innovators in the NFT field, with a token they invented winning approval as an Ethereum token standard for specialized NFTs – ERC-1155.

Similar to The Sandbox, Enjin distributes software development kits (SDKs) to developers in order to facilitate rapid deployment of integrations into games.

For more details on the investment process read our how to buy Enjin Coin.

RETURN ON INVESTMENT (USD – %)

24H       6.09

7D          -6.73

1M         8.30

3M         -57.55

1Y           184.58

INSTITUTIONAL INVESTORS

●         CoinFund

●         Coinbase Ventures

●         DT Capital Partners

●         Digital Currency Group

●         Framework Ventures

●         Kilowatt Capital

●         LedgerPrime

●         Lemniscap

●         Multicoin Capital

●         ParaFi Capital

6. Decentraland (MANA) – Metaverse virtual world

Decentraland is similar to The Sandbox in its virtual world aspect and is another solid cryptocurrency to invest in. Here there are also LAND tokens that are purchased with the ERC-20-compatible MANA token that runs on the Ethereum blockchain.

Again NFTs are used to assign ownership to digital real estate. And just like in the real world, the most valuable LAND is to be found in the busiest places.

NFT-focused company Tokens.com spent nearly $2.5 million on LAND in the virtual world is an indication of the burgeoning interest in the metaverse and the commercial opportunities it offers.

And at the end of January, the metaverse’s first mortgage was taken out. On 29 January TerraZero, a vertically integrated metaverse company, advanced financing to one of its clients so they could buy Decentraland real estate.

While Mark Zuckerberg’s Meta Platforms is spending billions to build its metaverse, crypto has been quietly building an ‘open’ metaverse for several years, and at far less cost.

RETURN ON INVESTMENT (USD – %)

24H       1.01

7D          3.76

1M         44.69

3M         -26.72

1Y           838.60

INSTITUTIONAL INVESTORS

●         Animoca Brands

●         Boost VC

●         Digital Currency Group

●         Fabric Ventures

●         Fundamental Labs

●         HASHED

●         Kinetic Capital

●         Kosmos Capital

Defi cryptocurrency for 2022

7. Uniswap (UNI) – decentralized exchange

Uniswap took original form in 2016 in the mind of Ethereum co-founder Vitalik Buterin as a blue-sky idea he was musing about. As with Curve, it operates with an automated market-making system that obviates the need for an order book. Prices are determined by the ratio of the paired swapping assets.

Uniswap is the largest DEX by volume and its AMM system solves the problem of low liquidity in assets that hard are deemed hard to trade by traditional market makers. Because on a DEX anyone can be a market maker, thin liquidity is not an issue.

RETURN ON INVESTMENT (USD – %)

24H       4.39

7D          -8.29

1M         -12.67

3M         -56.17

1Y           -66.23

INSTITUTIONAL INVESTORS

●         Andreessen Horowitz

●         Coinbase Ventures

●         Defiance Capital

●         Delphi Digital

●         ParaFi Capital

●         Paradigm

●         Three Arrows Capital

8. Curve (CRV) – decentralized exchange

Curve protocol has been a fast-grower in the decentralized finance (DeFi) sector. Its approach was initially centered on leveraging the liquidity of stablecoins to create more stable sources for yields on loans. There are no order books for the markets on Curve, with market-making instead an automated process built around liquidity pool trading pairs.

Today it has expanded to become a venue trading all manner of coins with pegged values, such as so-called wrapped tokens that run blockchains other than Ethereum where Curve runs.

Currently, Curve has 122 different liquidity pools for the pairs that can be swapped on the decentralized exchange (DEX), where its highly competitive trading fees, deep liquidity, and constrained slippage (when the price slips between the time the trade execution began and it finishing).

At this point, we rate Curve as a safe choice of cryptocurrency to invest buy.

RETURN ON INVESTMENT (USD – %)

24H       2.55

7D          -7.60

1M         -7.00

3M         -46.94

1Y           -7.78

INSTITUTIONAL INVESTORS

●         Fuel Venture Capital

●         Crowdcube

●         CreditEase Fintech Investment Fund

●         Outward VC

9. PancakeSwap (CAKE) – decentralized exchange

PancakeSwap is a decentralized exchange (DEX) that runs on the Binance Smart Chain (BSC) and is also based on the automated market-making system. PancakeSwap is a fork of SushiSwap, which is another Ethereum-based DEX.

A fork refers to a coin that shares its codebase with another crypto, but some differences add extra features. In this case, the change is that the DEX runs on the Binance Smart Chain which is faster and cheaper to transact over.

BSC is built by the world”s largest crypto exchange Binance and operates with a form of what is known as a proof of stake system, where just 21 validators verify transactions as opposed to thousands of nodes on Ethereum.

CAKE is a relatively new cryptocurrency to invest in and we think it has much further to grow in the DEX space.

RETURN ON INVESTMENT (USD – %)

24H       4.23

7D          -4.21

1M         2.26

3M         -48.02

1Y           -53.86

INSTITUTIONAL INVESTORS

●         LedgerPrime

●         Binance Labs

10. The Graph (GRT) – indexing protocol for querying blockchains

We take for granted that the internet “just works”, without having to think about how universal resource locators (URLs – web links) work or what TCP/IP protocols are. Without them, there would be no Google search engine. The Graph is attempting to build the indexing standard for the decentralized application world, so that data on blockchains can be queried in an easily accessible way.

Developers build applications with The Graph’s open APIs that can readily access on-chain data that have been previously indexed by a network of node operators.

The Graph’s technology – called Subgraphs – is open source so all comers can build decentralized apps (dApps) using them. Among the many Ethereum dApps using Subgraphs are high-profile projects Audius, Uniswap, and Synthetix.

GRT is a good strategic pick for a cryptocurrency to invest in for your portfolio.

RETURN ON INVESTMENT (USD – %)

24H       6.00

7D          3.13

1M         0.16

3M         -53.77

1Y           -81.92

INSTITUTIONAL INVESTORS

Coinbase Ventures

DT Capital Partners

Digital Currency Group

Framework Ventures

Kilowatt Capital

LedgerPrime

Lemniscap

Multicoin Capital

ParaFi Capital

Tally Capital

11. Chainlink (LINK) – decentralized oracle network

Chainlink’s purpose is to solve the problem of connecting smart contracts to real-world events in a secure fashion. Smart contracts are pieces of code that embody certain business logic, such as when to pay interest on a loan. To know when to make the payment to lenders, the smart contract in this case would need to know the calendar date.

Real-world information such as this is provided by ‘oracles’, which are in effect data feeds of one kind or another that exist off-chain. Chainlink is a network of independent oracle node operators, which makes it more secure than previous oracle services.

RETURN ON INVESTMENT (USD – %)

24H       4.52

7D          -4.00

1M         -3.73

3M         -43.34

1Y           -55.27

Institutional investors

●         An OECD

●         Consensus Capital

●         Framework Ventures

Outlier Ventures

12. Dent (DENT) – decentralized mobile data marketplace

Dent says its vision is to create a global exchange using the Ethereum blockchain, where everyone has the opportunity to buy and sell mobile bandwidth in any country. With 7.26 billion thought to own a smart or feature phone – 91.62% of the world’s population – the business opportunity in this market is immense.

The company has already attracted more than 25 million mobile device users onto its decentralized marketplace for trading data surpluses. Dent’s service is available in more than 140 countries.

It is making significant strides forward in enterprise. Dent has partnerships in place with Samsung Blockchain and Telecom Infra, for instance.

RETURN ON INVESTMENT (USD – %)

24H       5.97

7D          -5.38

1M         7.21

3M         -53.18

1Y           14.68

Institutional investors

SEED Venture Capital

Summary –

The best cryptocurrency to buy in 2022

Prices in the crypto market are rangebound at the moment, with altcoins taking their cue from bitcoin. With bitcoin trading around the $38,000 mark there is much chatter as to whether a breakout to the upside is imminent, perhaps assisted by the geopolitical tensions affecting the global economy in the first quarter of 2022.

The juries are out on the exact timing of any such breakout. Nevertheless, we think the market is at or near the bottom of this cycle. That means a diversified portfolio of crypto assets based on the 12 coins highlighted here, should provide investors with plenty of upsides.

If held for the medium term, which would be for up to three years, buying crypto-assets near cycle lows presents an excellent risk-reward opportunity.

Investors may wish to consider dollar cost average in amounts regularly relatively small amounts to smooth out returns, thereby foregoing the need to attempt to time the best moment to invest a lump sum.