How to InvestInvesting

How to Invest in 5 Best BSC Projects: Crypto Worth to Buy in 2022

4 Mins read
  • Does Binance Smart Chain have interesting projects in its pipeline?
  • What are the top five BSC projects to invest in?
  • Is it worth buying into any of these projects right now?

There are currently 752 crypto projects running on the Binance Smart Chain as provided by bscproject.org. Out of this population, we selected five projects that have the highest potential to grow in 2022 and onward. These projects are outlined below, arranged by market cap from highest to lowest as provided by CoinMarketCap.com.

PancakeSwap (CAKE)

CAKE/USDT daily chart (1Y data)
CAKE/USDT daily chart (1Y data)

PancakeSwap is an automated market maker and a decentralized exchange that uses the trustless approach to verifying transactions. As an AMM, PancakeSwap facilitates seamless trading between users. This is done by pairing orders from users with liquidity providers rather than an order book. In return, users who provide funds in the liquidity pool get tokens as rewards.

Why does it have the potential to grow?

PancakeSwap is a leader in the DEX landscape. This token occupies this position because of its low gas fees and higher liquidity than the competition. Also, staking CAKE coins yield a high return, making it a lucrative passive income option.

How much would you earn if you invested in PancakeSwap 1 year ago?

The CAKE/USDT market was launched in Binance on 19 February 2021 and opened at $9.55. Roughly one year later, on 13 February 2022, its price went down to $7.883. This price change is about a 17% drop in value. Investing $1,000 last year could have led to a loss of $170.

1Inch Exchange

1INCH/USDT daily chart (1Y data)
1INCH/USDT daily chart (1Y data)

1Inch Exchange provides a connection between decentralized exchanges. This way, users can take advantage of liquidity available in different exchanges. The platform also uses smart contracts to optimize trading. Users can swap tokens easily and set pending orders for different tokens.

Why does it have the potential to grow?

1Inch Exchange has established a portal between multiple popular decentralized exchanges, such as Oasis, UniSwap, Balance, MooniSwap, etc. Currently, users can make digital transactions in over 250 supported tokens. Therefore, users can quickly move around tokens from one exchange to another to serve their trading needs. 

How much would you earn if you invested in 1Inch Exchange 1 year ago?

On 13 February 2021, 1INCH/USDT closed at a price of $5.7. One year later, the price has gone down to $1.662. This price drop of 70% is significant. Had you invested $1,000 last year, you could have lost $700.

BakerySwap

BAKE/USDT daily chart (1Y data)
BAKE/USDT daily chart (1Y data)

BakerySwap is a decentralized finance platform running on Binance. With this platform, you can bake, stake, trade, and create NFTs. Using an AMM model, BakerySwap focuses on three main areas in the crypto industry: initial DEX offering, yield farming, and NFTs.

Why does it have the potential to grow?

BakerySwap offers all features you may seek from a decentralized finance platform. For instance, it has a liquidity pool that allows you to conduct seamless trading transactions. Also, it provides an NFT marketplace where you can buy and sell NFT assets.

How much would you earn if you invested in BakerySwap 1 year ago?

BAKE/USDT was launched on Binance on 30 April 2021 at a price of $4.558. More than nine months later, its price dropped to $0.662. This price drop is about 85 percent of the initial price. Investing $1,000 from launching could result in a loss of $850.

Venus

XVS/USDT daily chart (1Y data)
XVS/USDT daily chart (1Y data)

Exclusively running on Binance, Venus brings a set of unique and innovative value propositions to the industry. You can have other users borrow your crypto assets and generate money on interest payments as a crypto holder. If you want to engage in crypto trading but you do not have capital, you can use the platform to borrow crypto from other users and pay set premiums.

Why does it have the potential to grow?

The strong point of Venus is its fast processing and low gas fees. Venus is the first crypto platform that offers crypto lending to users for such crypto assets as Litecoin, Bitcoin, and other major digital currencies. Trading transactions in Venus are completed quickly due to its access to liquidity pools.

How much would you earn if you invested in Venus 1 year ago?

On 13 February 2021, XVS/USDT had a price of $38.24. One year later, its price sank to $11.627. This price drop is about 69%. If you invested $1,000 last year, your account balance today would be $310.

AutoFarm

AUTO/USDT daily chart (1Y data)
AUTO/USDT daily chart (1Y data)

Supported by BSC, AutoFarm seeks to maximize user experience regarding decentralized exchange and yield farming. You can utilize the platform’s paid-in capital feature to trade efficiently and make better interest earnings. AutoFarm has the same concept as Yearn Finance.

Why does it have the potential to grow?

AutoFarm allows you to take advantage of the numerous vaults on BSC. This will let you obtain the most return from your investment. This is done by applying the concept of compound interest. You can compound your gains to generate more yield.

How much would you earn if you invested in Auto 1 year ago?

AUTO/USDT was launched on Binance on 2 April 2021 at a price of $5,037. Today its price is $422.29. Such a drastic downturn is equal to about 91%. Had you invested $1,000 in this project since its launch, you could have lost $910.

Final thoughts

Investing in the above projects could be timely because you can have them at meager prices. This sell-off is not only encountered by the projects in the BSC ecosystem. The crypto market, in general, is being beaten down. However, when the whole market recovers, you are in for a nice treat if you bought at a discounted price. To keep your risk under control, make sure you allocate a small portion of your investment funds to crypto.

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