Last Updated on January 5, 2022
With a wide variety of different crypto investment opportunities out there, it shouldn’t come as a surprise that so many people are looking for the best cryptocurrencies to invest in. From ones you’re familiar with to some, you may not know as well; we’ve got quite a few picks for you.
Table of Contents
With the demand for online gambling on the rise, Luckyblock aims to provide individuals around the globe with an accessible and more profitable platform. Essentially, Luckyblock is aiming to take advantage of the popularity of online gaming and improve it using blockchain technology.
As a worldwide lottery based on blockchain protocols, it’s pretty much accessible anywhere. Plus, it’s based on the Binance smart chain, which is an exchange that is popular in the crypto world for a number of reasons.
While there are plenty of gambling sites that accept cryptocurrency now, the lottery that Luckyblock has to offer is certainly unique. It even gives players a potentially profitable investment strategy by way of holding tokens for later, as the company and their ideas continue to develop.
While still in its earlier phases, it could definitely be worth buying some Luckyblock tokens and supporting the project. If you’re interested, you could always take a look at their site and check out their road map, where you’ll find their plans, aims, and goals for the brand.
If you’re looking for the crypto equivalent of the lottery, it’s well worth considering everything that Luckyblock has to offer.
One of the most popular cryptocurrencies on the market is Ethereum. In fact, some would consider it to be the second-most prominent coin, coming just before Bitcoin in terms of the market cap (which, with its success, would be nearly impossible to beat). Because of this, it shouldn’t be too hard to see why Ethereum is worth a shot if you want to make an investment that’s likely to garner returns.
It’s not uncommon to see people using Ethereum for developing other projects, which is another reason why Ether can be such a great coin for investment purposes.
While fairly new to the crypto scene, many consider Dogecoin to be an interesting asset to say the least. While it was made as a joke, this currency has gained quite a bit of popularity since its official launch at the end of 2013.
There are a whole host of reasons why this memecoin is so sought-after today, whether it’s because of its notoriety, for being a joke, or the significantly lower price than many other offerings on the cryptocurrency market right now. If you’re interested, be sure to check out what Dogecoin could bring to the table.
Dogecoin, as most of the other cryptocurrencies from this list, can be bought on crypto exchanges like the eToro platform.
*all trading involves risk
XRP, also commonly referred to as Ripple, is a cryptocurrency that holds a lot of promise. Ripple provides fast transactions, low fees and a significant amount of popularity in the market, making it one of the more stable coins out there. One of the great benefits of this crypto is that it seems to have a better relationship with financial institutions since many banks seem to lean toward XRP over other cryptocurrencies.
With its growing level of trust across a range of sectors, its potential for the future is certainly undeniable for many in the industry right now.
Last but not least is Litecoin. This crypto is not unlike XRP in the fact that it’s fairly popular among investors for offering generally lower costs and faster transactions. Processes with Litecoin are 4 times faster than Bitcoin, which is certainly something worth taking into consideration when looking to the future of crypto.
Litecoin is gaining more interest and has been adopted as a payment option by quite a few businesses, which is another factor that you might want to keep in mind when choosing a cryptocurrency that will reward you for your investments.
Each of the cryptocurrencies we’ve listed above holds potential in one way or another, whether it’s the unexpected popularity of Dogecoin, a coin created as a joke, or the many features that a currency like Ripple can provide. The best thing you can do is consider what each of these different coins has to offer and see which one you feel will be the most beneficial for your needs.
Of course, there are many more cryptocurrencies that could be worthwhile too – but if you’re looking for a good place to start trading in 2020, we’d certainly suggest considering the ones we’ve mentioned in our top 5.
If you take a look at the market from 2021, you’re likely to find that it was quite a successful year overall for the industry. Bitcoin being adopted as legal tender in El Salvador, the many meme coins that have popped up and the fact that crypto went beyond $3 trillion in market capitalization are just a few of the things that show just how good a year crypto has had.
Considering all this, you might be interested in taking advantage of the potential events that could happen in 2022. As the market continues to grow and becomes more popular and widely accepted, it’s not hard to see that there’s potential in crypto moving forward.
Of course, crypto trading may not be a guaranteed way to earn money and some risks can come with it, but just like with any investment there’s both a chance to take losses and receive some great wins. When starting out, or even if you’re a seasoned investor, there’s always a chance that things just won’t work out as planned, so make sure you’re prepared.
As we can see, crypto has been growing in popularity steadily over the years and it’s not showing any signs of stopping – which is one of the main reasons why it could be worth investing in any of the currencies we looked into above.