7 Best Cryptocurrencies coin to Invest In for 2021 & 2022
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In this post we discuss 9 Best Cryptocurrencies to Invest In for 2021 and
2022 Whatever cryptocurrency I will tell about today, it will be all
futuristics, it will be useful for you in the future too.
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PREFACE
- INTRODUCTION
- POLKADOT
- THETA
- POLYGON(MATIC)
- CHAINLINK
- CELCIUS
- ENJINS
- ELROND
- CONCLUSION
- FAQ
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INTRODUCTION -:
Bear market you know we believe that the bear market will start sometime late fall.
If Bitcoin and the crypto market continue to follow the historical cycle pattern, of
course.There are some coins though that will continue to see some price action in
the clutches of winter.
After all, Some crypto assets have use cases that just don't hibernate in winter.These
are the assets with real world Projects like this all have use cases that will keep the
heat on for projects. Today, we're talking about 9 Best Cryptocurrencies to
Invest In for 2021 & 2022
Let's get it! The largest and greatest crypto community in all the Interwebs
Everyday on this blog, I show you how to make money in crypto. If you like money
and crypto, make sure to visit the page daily
#7 POLKADOT
ABOUT
The sole purpose of developing Polkadot is to simplify the cross-chain
communications between data and digital assets like tokens.This will enhance the
interoperability between a wide range of Blockchains, which will simplify the way
of creating new applications & services from a decentralized web.
Polkadot was started as an open-source project by a Switzerland-based organization
Web3 Foundation in 2016.
HOW AND WHERE TO BUY
DOT coins can be purchased on Crypto exchange platforms like Binance, Huobi, Bithumb, Coinbase, Kraken, and Gate.io.
LAST UPDATE 30 JULY
The last update on the core functionality of Polkadot is all about Parachains.
Parachains are custom, project-specific blockchains integrated within the Polkadot
(DOT) and Kusama (KSM) networks.
Currently, ‘Moonbeam’ is being developed to expand these Parachains to outside
projects as well.Moonbeam is a Smart Contract Parachain on the Polkadot network
that is fully Ethereum Compatible. With Moonbeam, one can create interoperable
Blockchain applications effortlessly.
INVESTMENT SCOPES
Let’s now dive into the use cases of DOT coins.
By owning DOT coins, the users can vote on the platform for network updates,
where every vote will be directly proportional to the DOT Cryptocurrency.
As the all-time high value of a DOT has been $50 last year, while currently, it’s $15,
according to market experts, people investing in DOT coins now can expect good returns.
#6 THETA
ABOUT-: Theta is the kind of project that has everyday utility. The Theta
Token is the governance token which is supported by Guardian nodes and
Enterprise validators such as Google, Binance, Gumi and Samsung. TFUEL is the
utility token for decentralized video delivery that also doubles as a gas token.
Launched in 2017, Theta is a decentralized streaming platform. There are other
competitors like BitTorrent and BitTube, but none have the level of development
that Theta has. Theta isn't just video streaming. It's going for the hottest segment
in content delivery, live streaming. Currently, video streaming is supported by
content delivery networks that are geographically located and are paid by
delivering streaming content to end users. That's centralized. Gross. Theta has
found a way to incentivize a global pool of users to offer spare bandwidth by
rewarding them with THETA and TFUEL as compensation.
PROFITS OF THETA
Staking THETA and TFUEL in Guardian nodes in earning rewards is the other less
well known reason that the price of Theta performs so well between January and
May of this year and even had a few price surges into June. Staking THETA
generates a decent APY, and with the newly introduced TFUEL staking, well, that
means that TFUEL that is gained from THETA staking can also be staked
itself. THETA has a minimum requirement of 1000 THETA to stake, and TFUEL
has a minimum of 10,000. These accumulation targets can increase and hold the
price of these assets as users accumulate and stake. By incentivizing crypto holders
to use their bandwidth to earn passive income, Theta found a way to use computing
power for higher quality streaming power without having to pay a third party.
It's easy to see how Theta has use cases that supersedes the crypto market cycles.
After all, video streaming is only getting started. There's no doubt that we're going
to need bandwidth in content delivery, and that is exactly what the Theta Network
has been able to tap into. Just ask Steve Chen, co-founder of YouTube, who said,
"One of our biggest challenges had been the high costs of delivering video to
various parts of the world, and this problem is only getting bigger with HD,
4K and higher quality video streams.” I'm excited to be part of the next
evolution of the streaming space, helping Theta create a decentralized peer-to-peer
network that can offer improve video delivery at lower costs. The more Big Tech
streaming clamps down on free speech, the more people will look for an alternative.
Theta is itself positioned to take up that mantle of streaming king of the North.
#5 POLYGON(MATIC)
Why polygon(MATIC) may be a smart investment
Polygon is addressing Ethereum’s major problems, as well as dealings fees and
speed. For example dealings fees on plane figure square measure nearly free, cost
accounting but zero MATIC for many transactions. Compare this to Ethereum’s
dealings fees that price around $3-$4 on the average and might reach up to many
greenbacks once the network is full. Polygon is additionally abundant quicker than
Ethereum with dealings speeds taking but five seconds every.With Ethereum, the
typical dealings time is 8-10 minutes, however that may abate significantly once the
network is full.These factors build plane figure a sexy platform for blockchain
developers, and as additional developers be part of the plane figure network, the
additional MATIC can appreciate in worth thanks to demand and speculation.
Solving the measurability downside and permitting developers to deploy their own
blockchains with one click can build it easier and cheaper for developers to form
Ethereum primarily based dapps. This will increase adoption for suburbanised
applications which can have a serious impact on the most important blockchain
industries including:
Decentralized finance (Defi)
Decentralized exchanges (DEX’s)
Non-fungible Tokens (NFT’s) and additional.
Another issue that produces plane figure a promising investment is that the
undeniable fact that it’s backed by Coinbase Ventures, the team behind Coinbase, a
preferred crypto exchange. A billion greenback crypto exchange company having
religion in plane figure may be a superb sign.Polygon (Matic) is presently floating
around $1.50 and that i believe we’re still early. I will see the worth reaching double
digits within the future.
How and wherever to shop for polygon(MATIC)
You can purchase polygon(MATIC) directly on CEX with money from any country
within the world.If you reside in Europe (including the UK) you'll conjointly use
Bitpanda to shop for plane figure (MATIC) directly with money.
#4 CHAINLINK
We start with a question that answers why we believe it will be a top
coin for 2022. Who hasn't partnered with Chainlink? We've asked that many
times, and it's a real question. I'd like to know the answer. Chainlink and its token
LINK is another project that is sure to maintain traction in 2022 because it's just
so connected with a lot of big projects.
Let's see how fast we can list them all.
Google Cloud: for better access to cloud data.
Oracle: to monetize their APIs.
Dapps Inc.: for real time data support for Salesforce users.
Reserve: to bring data feeds to help their Reserve stablecoin.
Hedera Hashgraph: to gain access to off-chain data for smart contracts.
IOST: to foster dApps on the IOST network.
Binance: to share data with other blockchains.
BetProtocol: to provide decentralized eSports.
Ethereum Classic: to bring external data to ETC.
Chiliz: to help sports clubs mint limited
edition sports memorabilia tokens. That's Wu-Tang levels of connectedness. ODB,
profits of chainlink
Chainlink is so useful because its function is to be a decentralized oracle network
to provide safe inputs and outputs of information for smart contracts. Chainlink
oracles work on any blockchain by delivering information from the outside world
and bring it into a blockchain.
how it works
Here's how Chainlink oracles work. When a smart contract on a blockchain requires
information, it sends out a request for information to Chainlink. This information
could be weather information for a farming crop insurance smart contract or an
update on asset price volatility. the request is then registered as an event in the
Chainlink protocol, and it creates a smart contract called the Chainlink Service
Level Agreement contract, or SLA, to get this data. The SLA then generates
three subsequent contracts, a Chainlink reputation contract to check the
oracle providers track record, a Chainlink order-matching contract to
deliver the contract request to the Chainlink nodes and take bids on the
request, and the Chainlink aggregating contract, which takes the data from
the oracles and validates the result. Chainlink nodes translate the
requests from real world data sources, all different types of hustles and
flows, then collects the data from the sources. The collected data is then translated
to on blockchain programming language and sent back to the Chainlink
aggregating contract, where the result is validated. Chainlink is used
by so many blockchains and is vital in so many partnerships that its use case
goes beyond crypto market cycles. This is why I believe Chainlink will be
making moves in 2022.
#3 CELCIUS
Grow your stack at all times however you can. And using Celsius is a great way to do
that. The Celsius token has some serious staying power for one of 2022's top
performing assets. Operating on the Ethereum platform, Celsius or CEL is a utility
token native to the FinTech or financial technology space Celsius Network
platform,which, by the way, is an SEC compliant lending platform that allows its
users to deposit crypto assets for interest and/or take out crypto collateralized loans.
ABOUT
Celsius is a US-based platform that is headed up by tech visionary and crypto
maximalist Alex Mashinsky. Alex is a solid guy and wants the world to embrace
crypto ASAP. And in that push for adoption, Celsius is taking security very
seriously. Celsius recently updated its backing to Fireblocks, cybersecurity-
focused platform that stores, transfers and issues digital currency. No
matter how you guard your stack from the long winter, there's no doubt that
earning interest on coins, especially stablecoins, is a great way to make gains in th
2022 crypto market.
AIM
The Celsius Network aims to challenge conventional banking by making savings,
lending and payments faster, easier and more accessible.
PROFITS OF CELCIUS
Celsius returns 80% of its earnings to its users for awards and better interest rates.
The way Celsius does this is they overcollateralize crypto lending in a process called
rehypothecation, which means funds are lent to bigger investors such as hedge
funds who want exposure to crypto from a source they can trust. Celsius' main
advantage as a top pick for 2022 is the benefit of staking stablecoins for
ready gains, especially if the crypto markets are facing a bear trend. The
Celsius platform accepts more than 35 tokens for staking including Bitcoin,Litecoin
and stablecoins such as USDT and DAI. APY depends on the demand for the token
at the time, but its interest rates are almost always higher than what you typically
see with traditional banks. Users who gain interest in CEL tokens receive a 30%
higher payout.
#2 ENJINS
ABOUT
No. 2 top coin in 2022 is Enjin, the blockchain that is leading the pack in minting
game items in the multiverse of gaming. What's the gaming multiverse?
Well, the gaming multiverse means that a game item can be brought from one game
to another. The list of Enjin games is 42 titles long and includes Lost Relics, The Six
Dragons, Age of Rust and Kingdom Karnage. All games I play every day. Many of
these games have Enjin wallet integration, allowing each player to manage
their blockchain item inventory.
PROFITS OF ENJINS
Enjin has seen some sizable price action this year. If you bought in December,
you'd be up over 700% as of the recording of this video. That's just proof of how
well-positioned Enjin is in the market. No season pass required for those gains.
But the launch of the Enfinity coin brought staking to Enjin coin,where users can
stake Enjin tokens to receive Efinity or EFI. Full disclosure, I'm personally invested
in Efinity, which was purpose built on the Enjin network for NFTs.
HOW IT WORKS
Efinity tokens are used to incentivize growing the Enjin ecosystem and will be the
first ever paratoken, which means soon it will be compatible with Polkadot.
When an NFT is minted, the Enjin contained in the NFT will automatically be
staked, earning the user EFI rewards. Enjin is leveling up what gamers can do with
the multiverse and incentivizing gaming in new and attractive ways. Give the bear
some video games, and it might come out of hibernation to go buy a new TV to
game on. We're expecting the same results in 2022 if the crypto markets have a lull
in price action. It's a no brainer that Enjin's gaming applications will continue to thrive.
#1 ELROND
ABOUT
Elrond is a high throughput public blockchain focused on providing security
efficiency scalability and interoperability by employing two key elements adaptive
state sharding and a new secure proof of state consensus mechanism value
proposition
HOW IT WORKS
ELROND's goal is to be a high throughput fast transaction speed and low
transaction cost platform allowing efficient and competitive D app user experiences
in real-world use cases Elrond believes that it's high scalability fast transaction
speed and low transaction cost makes it well suited for machine-to-machine
transactions and the IOT economy key features Elrond is a complete redesign
of blockchain architecture with the aim to achieve global scalability anD
near-instant transaction speed Elrond focuses on combining three key
innovations adaptive state sharding transaction data and network sharding
plus shard merges and shard splits in real time
SECURITY
secure proof of stake stake for a civil prevention plus random reshuffling of the
consensus group plus fast BFT like consensus formally verified VM and smart
contracts on sharted architecture with balanced nodes on shards additionally we
have consensus in two communication rounds with modified BL s multi signatures
security with 99% malicious actors using fisherman Channel secure randomness
beacon with BLS signing low system requirements test net live exceeding 12
thousand plus transactions per second with just five shards they have a road map
listed here as well and a distribution chart for their ard token their token model as
well as a background on their team and who they are partnered with such as nash
'not Opia typing DNA smart bill and distributed systems Research Laboratory
DSR L came back over the coin market cap side here they have a little bit of a
description we will also be reading this for you guys our on describes itself as
a new blockchain architecture designed to bring a 1,000 fold the cumulative
improvement in throughput and execution speed to achieve this Elrond introduces
two features adaptive state sharding mechanism and a proof of stake POS algorithm
enabling linear scalability with a reportedly fast efficient and secure consensus
mechanism thus Elrond can reportedly process upwards of 10,000 plus
transactions per second
AIM
it aims to become the backbone of a permissionless borderless globally accessible
internet economy take a look at the chart here we can see the relationship of Elrond
and green Bitcoin in gold and the finance coin on red we're gonna go and remove
the B NB C the relationship between that of our on end of Bitcoin looking back at
this we see around July of 2019 around June is actually when we saw a Bitcoin hit
around $14,000 so this following on a downtrend afterwards and it's me to see
four start shows a little bit of a relationship potentially and then things
start to line out and flatten out their all-time low October 6 2009 teen at less than
one cent or point zero zero one three four two United States dollars all-time high
was earlier the same year in July 14th 2019 at point zero zero seven five two for
United States dollars market rank as of the time of this video is number 183 on the
list Iran's return investment at 149 point four or five percent market capitalization
over thirteen point seven million dollars volume in last 24 hours over 2.7 million
dollars circulating supply eight billion four hundred eighty million five hundred
fifty seven thousand and five ERD and a total supply
of twenty billion ERD as far as the source is working with our on AKA erd at the
time the video we have seven being listed here sources and pairs are intertwined
sources included by Nance the lack see bit Max and by Nance Dex
Disclaimer: Please note that we do not own or claim to own any of the data
presented here. This is purely a knowledge-sharing research based on our crew’s
research conducted for the past few months.
And we are in the process of creating more such blog on Blockchain &
Cryptocurrencies. Stay tuned!
CONCLUSION
cryptocurrency are the best way to make money for investors Whichever currency
we have described above will be effective in both 2021 and 2022, you are likely to
get a lot of returns from them.Apart from all this, another coin which is in more
progress, according to the recent report, if you invest in Ethereum, then you can get
a good return in it.So that was all in today's session, I hope you all find this article
helpful, see you in the next session.
FAQ
- Is cryptocurrency a good investment ?
ans- Investing in crypto assets is risky but also potentially profitable.
- How long should you hold Cryptocurrency?
ans- Buy cryptocurrencies that you believe will increase in value, and hold on to them for at least three to five years
- Can the IRS track bitcoin?
ans- definitely yes
Have you heard of a new Utopia USD stablecoin and its privacy coin crypton? https://u.is/en/currencies.html I think it will equally compete with many popular coins. The market is changing and I'm sure it won't beat Bitcoin, but will take it's leading place in a certain niche.
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