- What is the most secure crypto coin?
- What crypto has the best growth potential?
- Which crypto should I invest in?
The volatile and speculative nature of crypto investing presents risks for investors no matter how and where they buy it. We believe the safety of your investment should be a top priority when choosing crypto. Bitcoin is one of the most secure cryptos, with a hash rate that climbed to an all-time high in January 2022.
Cryptos like Bitcoin and Ethereum have a growing track record of holding and increasing value over time. However, recent dips have wracked the market, while lesser-known cryptos are considered more speculative and unpredictable. In general, cryptos can be grouped by their utility. So, what are the secured cryptos that can give you maximum gains this year? Read on to find out why.
Best crypto projects to watch right now
In the wake of Wall Street’s growing interest in digital money, more and more options are being made available. Unlike traditional money managed by governments, cryptos don’t have a central authority backing them up. Instead, it uses blockchain technology, the most popular with Bitcoin.
More than 19,000 cryptos are currently available. You can buy cryptos with them, but most people use them as long-term investments. The recent free fall in crypto prices, including stablecoins, shows vulnerability.
Before you buy, it’s crucial to know what you’re getting into. We have compiled a list of the top eight cryptos that could be worthwhile investments in 2022.
How much would you earn if you invested in such projects one year ago?
Nevertheless, cryptos have surpassed the broader market’s return by a wide margin over the past couple of years.
For instance, CoinGecko.com reports that the SHIB price was $0.000000008264 on May 6, 2009, exactly a year ago. Over the first 37 days of 2021, it gained more than 11,200%. One year later, crypto investors who looked past this massive gain and bought in at the May. 6 close would have a return of 277611%.
Another way to express it is that a $100 investment in SHIB on May 6, 2021, would be worth $277,711 by May 6, 2022. A respectable return, especially considering that the entire S&P 500, including dividends, returned only 28,536% over the past five decades.
Top 5 secured crypto to earn money
Here are the five best secure cryptos with which you can earn money.
Bitcoin (BTC)
Any crypto that has existed for a long time is Bitcoin. Having the highest price and market cap of all crypto investments, it’s no wonder they are the leaders.
Why does it have the potential to grow?
Despite its struggle to gain significant traction, bulls claim Bitcoin has ample room to grow. Its price will likely reach $100,000 by this year. There are many reasons why cryptos have gained popularity as payment methods, including their potential price movements.
How much would you earn if you invested one year ago?
BTC ended 2021 with a price of just over $46,000, up from a start of about $29,000. It reached an all-time high of $68,789.63 on November 21, 2021. If you had bought BTC in May for $34616.14, you would have lost 14.8% of your investment.
Avalanche (AVAX)
The Avalanche (AVAX) crypto is a blockchain and crypto platform that rivals Ethereum. One of the critical features of Avalanche is its speed and scalability.
Why does it have the potential to grow?
The modular approach is relatively straightforward for developers to quickly run applications and custom blockchains. As of 2021 and 2022, the protocol has increased and is now the most popular cryptocurrency.
How much would you earn if you invested one year ago?
On September 21, 2021, Avalanche launched its mainnet. Since then, the platform has been developed to secure more than 200 individual projects over the globe. In May 2021, the price of AVAX was about $16.2, so if you had invested in this coin a year ago, you would have gained a 79% profit on your investment.
Solana (SOL)
Solana is a web-scale blockchain that provides apps and marketplaces that are fast, secure, scalable, and decentralized. The system currently supports 50,000 TPS and 400 ms block time.
Why does it have the potential to grow?
It is one of the most high-profile success stories of the Pyth project that the trading network in Chicago and New York has gained support from institutions in Chicago and New York. DeFi and NFT networks are also booming. Analysts predict that Solana will continue to grow over the next few years.
How much would you earn if you invested one year ago?
Since 2021, SOL’s price has seen many bullish moves, higher than the previous one. The price of Solana in May 2021 was about $27.38, and now its price in May 2022 is $44.99. So, if you had invested in Solana a year ago, you would have gained a 64% profit on your investment.
Binance coin (BnB)
The Binance coin price increased dramatically at the beginning of 2021, jumping from about $38 a month earlier to $683 in May, at least by crypto standards.
Its performance over time has demonstrated that the Binance coin is one of the more reliable investment options than other cryptos. The biggest crypto exchange in the world is Binance.
Why does it have the potential to grow?
The Binance Coin platform went beyond facilitating trades on Binance’s exchange in 2017. Nowadays, users can use it for hotel bookings and payments. You can also exchange for fiat currencies and trade or exchange for other cryptocurrencies, such as Ethereum or Bitcoin.
How much would you earn if you invested one year ago?
After crossing $100 for the first time in 2021, BNB shot up to its all-time high by May. It sank midway through the year and attempted to retest its high towards the end of the year. On May 10, 2021, BNB reached its all-time high of $690.93. If you had invested in BNB a year ago, you would have lost almost 52% of your investment.
Uniswap (UNI3)
The UniSwap blockchain network is a decentralized cryptocurrency exchange. Uniswap is the name of the company that first developed the Uniswap protocol.
Why does it have the potential to grow?
We should not be surprised to find out that Uniswap is the largest decentralized exchange on the planet. Investors can easily exchange up to 943 crypto trading pairs through this exchange. Investors can exchange fiat money for cryptocurrency through several financial protocols.
How much would you earn if you invested one year ago?
In 2021, UNI tokens started performing well along with the rest of the crypto market. The price of UNI tokens had already reached $23 by March. It will gradually drop to $5.42 by 2022, however. Future inflation may, however, make the rate rise. A year ago, investors would have lost 76.43% of their investment in Uniswap.
Final thoughts
The future of cryptography is bright. The question that arises is, where do you place your money in the market to achieve the best return?
The following are some other things to consider when deciding which cryptocurrency is best for you:
- A measure of how quickly transactions take place.
- Involved fees in transacting.
- Using your cryptocurrency, you can make regular purchases and bank transfers.