To invest or not to invest, that is the question. When it comes to cryptocurrencies, there are a lot of things to consider – risk, reward, volatility, and more.
But if you’re looking to get in on the action, you might be wondering which coins are worth your investment. Luckily, Reddit has done the legwork for you. In a recent thread, users were asked to share their top picks for cryptocurrencies in 2022.
Here are the 7 coins that made the cut.
The 7 Cryptocurrencies Are Reddit’s Top Picks for 2022
1. Tamadoge
It is possible to engage in play-to-earn (P2E) activities and compete for prizes using TAMA tokens in the Tamadoge crypto project.
Tamadoge pets are the primary feature of the P2E game, which enables players to breed and sell virtual dogs. They may be bought in the Tama shop as NFTs minted by smart contracts. It’s important to remember that each NFT has its own set of strengths and drawbacks. Before competing against the community for points on the monthly leaderboards, users must first build and strengthen their pets.
TAMA tokens are given to the winners. TAMA is a deflationary asset since it burns 5% of the tokens when they are used. There is a 30 percent marketing portion and a 65 percent P2E reward distribution portion of the TAMA budget.
Finally, Tamadoge plans to provide an augmented reality (AR) app that will preserve the P2E characteristics of the web-based game.
TAMA is now in its presale stage, which means that customers may purchase it now and benefit from all of the upcoming changes. Pre-sale buyers may get their hands on half of the tokens, out of a total of 2 billion.
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2. Shiba Inu (SHIB)
According to Coinmarketcap, the Shiba Inu cryptocurrency is the most watched cryptocurrency in 2021. This makes it the most popular meme coin. It began operations in May 2021, and in only a few short months, it generated a profit for its owners that was more than 40 times their initial investment. People were going absolutely crazy about it, and some even dubbed it the “Dogecoin killer.”
The usefulness of Shiba Inu at the moment is restricted due to the fact that it is developed on the Ethereum network. The only ways to generate passive income from them are to purchase and sell them or to stake them. Even some businesses are starting to accept them as a form of payment.
Naturally, because of the recent drop in the price of cryptocurrencies on the market, the current price is $0,00001195, and it will continue to rise until the end of 2022. The creators are getting ready to build their very own blockchain that they have dubbed the Shibarium, and they want to do it as soon as possible. This feature will give additional functionality for users and owners of SHIBs, such as lower rates for using gas, among other benefits.
3. Battle Infinity
NFT-based fantasy sports game Battle Infinity is available on six platforms. NFT passes are required to participate in leagues and matches in the IBAT Premier League in this play-to-earn game. You may purchase and sell NFT tokens on Battle Swap for other currencies and use them to buy the native token on the Battle Marketplace.
One of the advantages of having an IBAT token is that users may stake the currency in three distinct ways to gain rewards. Using IBAT, transaction fees are processed, and the staking pool receives 50% of those fees. The staking pool rewards the most active players with IBAT.
IBAT allows users to participate in Battle Games, which gives them access to a variety of games. The Metaverse game’s Battle Arena allows users to engage with other players in real-time as they explore virtual lands. Using NFTs obtained from the Battle Marketplace, players may customize their own avatars down to the smallest detail.
It costs $0.0015 for one IBAT, and pre-sale purchasers get a discount. As a result, they begin receiving premiums immediately.
Also Read: Cryptocurrency investng guide for beginners
4. Avalanche (AVAX)
According to the explanation provided by Binance Academy, Avalanche is a platform for smart contracts that is made up of three separate networks: the Exchange Chain, the Contract Chain, and the Platform Chain. Avalanche is able to better use each chain for its intended purpose as a result of employing three chains rather than just one. This, in turn, leads to much-increased scalability while maintaining speed and decentralization at the same time.
As a result of taking this strategy, Avalanche continues to be an important rival to Ethereum, despite the fact that it has not yet achieved the same degree of popularity. The native token of the network, known as AVAX, has acquired a sizeable fanbase on social media platforms, including a subreddit devoted to debating the token’s many applications as well as its price trend.
The price of AVAX shot up by more than 1,400% in the second half of 2021, indicating that this coin has unquestionable potential if the cryptocurrency industry starts getting up momentum once again.
5. Monero
One of the most widely used “privacy currencies” now available in the cryptocurrency is known as Monero. Even though a user’s email address is exposed to the public, the information that is stored in their cryptocurrency wallets and the kind of transactions they have been doing on the blockchain is effectively obscured by the network on which it runs. 2014 marked the beginning of Monero’s existence. Because ring signatures are used to encrypt sender information on the Monero network, it is very difficult, if not impossible, to identify the original sender of money after they have been transferred.
Going to currency exchange or searching for a vendor who is prepared to dump their stock is all that is required to get the money in question. You may also get Monero by using an automated teller machine (ATM) that supports cryptocurrency transactions to make a purchase.
6. Lucky Block
Lucky Block is the name of the competition platform, while LBLOCK is the platform’s native cryptocurrency. This network has developed into an international NFT competition platform, giving participants access to the NFT offered by the Platinum Rollers Club.
Players may participate in prize drawings by purchasing a ticket for one dollar and doing so inside the Platinum Rollers Club. To participate in a draw, players need to purchase at least 5 tickets. The weekly main draw and the weekly NFT draw both take place at Lucky Blocks, and both take place on Fridays.
Lucky Block’s native BEP-20 token is called LBLOCK, and it was first traded on PancakeSwap in January 2022 at a price of $0.00020. During the first few weeks of trading, the token generated returns in the four-digit range. However, after reaching an all-time high in February, the token’s momentum began to slow. Since LBLOCK is now selling at a discount, there is a case to be made that it is currently one of the most undervalued cryptocurrencies that are currently available on the market.
Also Read: 5 cryptocurrency tips for beginners
7. Defi Coin (DEFC)
Here’s the second investment opportunity that we suggest you consider for the money that you have available. On both Bitmart and Pancakeswap, the price is hovering at 0.332441 at the moment. You should be aware that DeFi Coin is the native currency of the decentralized exchange (DEX) known as DeFi Swap, which is housed on the Binance Smart Chain.
The beginning of circulation for the DeFi coin occurred in May of 2021. In addition, the price increased by close to 300 percent in the space of only a few short hours. You shouldn’t pass up the opportunity to investigate this particular coin. The price is now $0.0406, and there are projections that it will increase once again in the not-too-distant future. In the long run, there will be an increase in costs due to the fact that it has a mechanism for burning already built in. You may talk with other people who are interested in DeFi by joining the group on Reddit that already has more than 5000 members. Whereas the Telegram group has close to 7,000 people who are debating and making forecasts about this very fascinating currency.
If you are interested in utilizing the DeFi currency, you will find that DeFi Swap is without a doubt one of the most beneficial exchanges available to you. You stand to gain a lot from it, and we are going to walk you through all of those advantages right now. To begin, the DeFi Swap will make it possible for you, as a member of their platform, to trade, stake, and even earn interest payments via yield farming. Because the DEFC is an integral component of the ecology of the DeFi Swap, most of the time, you will utilize it to accumulate rewards.
You may get a passive income just by hanging on to your DeFi Coins, which is another advantage of using this cryptocurrency. Because a 10% transaction fee is added to every buy and sells order, you, as a holder, will be entitled to a regular payment in the form of a portion of the tax that has accrued.
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