The cryptocurrency market has been going through a massive bear market since 2022. After peaking at over $800 Billion in mid-2021, the market cap has corrected by 60%. Many crypto investors and holders are losing out on their investments. Despite the downturn, the market has recovered slightly to around $300 Billion.
However, many investors are still looking for the top cryptocurrency to invest in now. In such a volatile market, no one knows which cryptocurrency will succeed in the long term or if any will succeed.
Best Cryptos To Buy in 2022
- Tomadoge
Tomadoge is an acronym for “tomatoes” and “doges” since it’s based on Bitcoin and Dogecoin. It was created to add some fun and novelty to the altcoin scene, which has become too focused on profit-making and not enough on having a good time. Tomadoge’s co-creators wanted to inject some lightheartedness into the crypto world while also paying homage to a beloved internet meme.
In addition to being a joke coin, Tomadoge has some practical advantages over other cryptocurrencies in its category:
It uses script mining, which allows average miners with home computers to participate in the process instead of only large mining farms.
Like Dogecoin, Tomadoge is fast and cheap. The transaction time for Tomadoge is about 1/4 of Bitcoin, which means you can transfer money between wallets almost instantly with no fees. It makes it an excellent cryptocurrency for purchasing things from online retailers or giving tips to friends.
- Battle Infinity
Battle Infinity is a new breed of cryptocurrency that gives everyone access to the power of blockchain technology. It is also referred to as a utility token and was created to provide users access to blockchain technology in an easy and user-friendly way. The developers want people with no experience with blockchain or cryptocurrencies to be able to use this platform easily.
You can earn Battle Infinity tokens by playing games, and you can use these tokens to buy in-game items, special memberships, or even marketplace items from other users. The game developers are working on getting Battle Infinity onto as many platforms as possible, so you will be able to play the games you love using your Battle Infinity wallet.
- Lucky Block
The Lucky Block platform is a blockchain-based network that allows users to participate in various NFT draws. Users can participate in weekly primary and NFT draws by holding NFT collections minted on the platform. Furthermore, the platform has a Platinum Rollers Club NFT collection, which allows holders free entry into all designated Platinum competitions. The platform also rewards investors with up to $50,000 in LBLOCK tokens for holding LBLOCK.
Lucky Block has two tokens: the first is a BEP 20 token used on DEXs; however, this token attracts a 12% transaction fee. The second token is a non-fungible (NFT) that can be used on the Lucky Block platform and traded on DEXs.
The platform runs its exchange where all trades are settled on-chain (no orders or oracles) directly using innovative contract technology and atomic swaps with other compatible blockchains. It enables a real-time settlement with minimal fees and commission charges.
- Bitcoin
The largest cryptocurrency in the world, Bitcoin is also the most volatile. The token experienced several bear markets in the last few years but has followed up with a bullish run.
The first thing you need to know about bitcoin is that a bank or government doesn’t issue it. Instead, bitcoin is created through mining. Bitcoin has value because people think it does, and you can exchange it for goods and services.
Bitcoin transactions are logged in a blockchain, which is a public ledger. Anyone can access the blockchain to verify details about any bitcoin transaction at any time. Each block in the blockchain contains data on previous transactions and information about who created the block.
The Bitcoin network is a peer-to-peer payment system. It relies on cryptography to prevent unauthorized transactions and control the creation of new units. It also uses blockchain technology to facilitate and verify transactions and control the creation of new units. This open-source technology may be used in other applications, and its underlying code is licensed under a free software license.
- Ethereum
Ethereum is a public blockchain that was launched in 2015 by Vitalik Buterin. This blockchain differs from Bitcoin because it was created as a platform for decentralized applications (DApps).
The Ethereum network uses Ether as fuel to run the smart contracts on the web, which essentially allows users to create their tokens—collectible mini-coins that exist on the Ethereum blockchain—which can be used as any other cryptocurrency.
The Ethereum blockchain is laying the groundwork for one of the most exciting technological developments in the world today: a new era of decentralized applications and blockchain interaction.