The cryptocurrency market was anything but boring this year, with some coins saw astronomical gains and those few people who were in early made a fortune. On the other hand, there are thousands of different crypto coins and tokens available to purchase on exchanges around the world. So how do you know which cryptocurrencies are good investments, and why?
This is a new and emerging financial alternative to the current money system we all use, Fiat cash, or money by decree. Many people from every place on earth have bought and sold, or currently hold, one crypto coin, or another.
What Makes Crypto Coins “Good”?
Depending on why you are looking into a particular crypto coin platform for, there will be a coin or token to meet your needs. Many crypto coins are meme coins with funny animal logos like Shiba Inu, a crypto coin that saw 100x gains in 2021.
Or you would rather investigate crypto assets such as Bitcoin, decentralized blockchain, and the gold standard for store of value these days. Plus, Ethereum blockchain, home to the DEFI network of DAPPS, applications, WEB3, and more.
Or up and coming cryptocurrency like Solana (SOL) a layer one application like Ethereum, which can be built upon endlessly, and run other blockchain applications for businesses, or personal usage.
Either way, make sure to do your research thoroughly because crypto assets are volatile by nature, and you can make lots of ROI, or loose every dollar, and everything in between.
Top 3 Crypto Assets to Watch Now
Some solid cryptocurrency platforms that are poised to do well in 2022 are:
Solana (SOL) – The fastest layer one blockchain solution capable of processing between 45,000 & 65,000 transactions per second.
Ethereum 2 (ETH2) – Ethereum’s upgrade to solve the slower transaction speeds which are currently limited to around 15, to 45 transactions per second, and the high gas fees for sending, or receiving ETH on the network.
Dogecoin (DOGE) – A meme coin like Shibu Inu including the Japanese breed dog logo. Dogecoin was boosted by entrepreneur, and crypto investor Elan Musk, when he said he plans to bring Dogecoin to the moon, literally.
Should You Invest in Crypto at All?
Investing in crypto or anything else is a personal decision that should be based on solid financial advice, given by a trusted professional. If you have though about crypto coin investing in 2022, your timing couldn’t be better.
Get the advice you need, and if you are ready, get into the world of crypto. It can not be denied any longer. Blockchain provides to many benefits at low prices to turn a blind eye.
Where to Purchase Crypto?
You can buy crypto coins on any decentralized exchange. There are online exchanges and truly decentralized exchanges too. Think about which will be better for you in the long run, before you begin the process. In some cases, you may need to show your income and any capital gains taxes owed.
Using a decentralized exchange means your getting the exact wholesale rate the market dictates. Online exchange purchases are often padded down with fees they charge on top of the price per coin, etc.
Hopefully you can see just how important crypto has become in society, and just how much we use it after all. With more wide acceptance, more and more people feel comfortable representing their stored value in a safe and secure way. Keep your eyes out for the next great crypto currency, that could come from the experiences we are share buying, selling, and trading crypto coins today.