Which cryptocurrency to invest in in 2022, promising tokens

For some, investing in cryptocurrency is something out of science fiction, for others it is a profitable source of income. While some people are thinking about where to invest their money, others are actively investing and hitting the jackpot.

In this article we will talk about the most effective ways to invest in digital assets. In addition, you will learn how risky such investments are, what results can be expected from them, and which currency is more profitable to invest in.

Let us immediately note that it is most profitable to buy and sell digital assets on a cryptocurrency exchange . It is on the exchange, and not in the exchanger because exchanges charge much lower commissions, provide maximum liquidity with a wide selection of assets, and most importantly are safe to use.

The reliability of a cryptocurrency exchange is primarily determined by the trading volume and the number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. The site has the largest cash turnover and supports transfers in rubles from Visa/MasterCard and payment systems QIWI, Advcash, Payeer .

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the TOP 5 exchanges that support deposits and withdrawals of funds in rubles, hryvnias, dollars and euros:

#	Exchange:	Website:	Grade:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

Especially for beginners, we have prepared a detailed guide: How to buy Bitcoin on a crypto exchange for rubles?

Next, we will look at all the main options for investing in cryptocurrencies that are relevant for 2022.

How to choose a crypto asset for investment?

If you one day decide to invest in cryptocurrency, the first thing you should do is choose what you will buy. Of course, you need to know the basics of blockchain technology, be able to create crypto wallets and process transactions correctly. But still, the main thing is to determine that this is a profitable cryptocurrency and over time it can be sold at a higher price. To the question: “Which cryptocurrency should I invest in?” there is no clear answer.

Before investing money, study the market and analyze the prospects of a particular project. Pay attention to the following indicators:

Degree of popularity in the blockchain community. If the trading ticker of a given cryptocoin can be found on most major exchanges and news related to its peer-to-peer network is published by reputable blockchain publications, then this means that this is one of the most promising cryptocurrencies. Tokens of this network are easy to sell and by investing money in this project, you most likely will not suffer a loss in any case.
Ease of movement. Reputable blockchain startups issue several types of wallets, in addition, their coins are supported by many third-party companies that develop multi-currency storage. Having a reliable cryptocurrency wallet (ideally a hardware wallet) is very important for an investor.
Safety. From the above, the conclusion suggests itself that a promising network must be well protected from hackers. The best cryptocurrencies running on POW should have a fairly powerful network to minimize the chance of a 51% attack. And if the project you choose uses an alternative consensus algorithm, then it should have a clearly thought-out protection scheme against unscrupulous validators.

Some might argue that almost all digital currencies have these qualities. At least that’s what their developers say, and without special technical knowledge, it’s difficult for an ordinary investor to understand the intricacies of writing the source code and other nuances. So which cryptocurrency should you buy?

Important!!! First of all, pay attention to successful projects that have existed for a long time and have proven their competitiveness. And here digital gold - Bitcoin (BTC), perhaps, has no equal. This is the most valuable cryptocurrency for investors. It has been around for 10 years and has already become a definite standard for alternative money transfers, surpassing all other crypto assets.

SOL, DOT, ADA

Cardano
We are now on a slippery slope because everyone has their favorite cryptocurrency and believes that this is the best. But the market shows how often such expectations are dashed by harsh reality, as was the case with EOS.

EOS cryptocurrency chart

It was also a very promising project in its time, from which many still expect something, but the price speaks for itself.

We will be happy if cryptocurrencies like Cardano, Solana and Polkadot stand the test of time and stay with us for a very long time. But for now we regard them exclusively as promising projects, what else can be shot here and now, until the global bear market sets in. We allocate $20 for them, or 2% of the portfolio, and for another $40 we are thinking of taking ATOM coins.

Everything in this article is a personal opinion, and now it seems to us that Cosmos is in the best position to go from the TOP 22 to the TOP 10 cryptocurrencies.

Where and how can you invest in cryptocurrency?

First way — buy Bitcoin for real money, for example, on a cryptocurrency exchange, and then leave BTC for the long term or invest it in one of the selected coins. You can also use a crypto exchanger, but the commission there is usually a little higher. The reliability of the site is primarily determined by the trading volume and the number of users. For all key metrics, The largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cards Visa/MasterCard and payment systems QIWI, Advcash, Payeer. You can also use the Matbi wallet exchanger. It is very convenient here to both buy/sell cryptocurrency and store it in a reliable “cold” wallet without leaving the site.

The developers have tried to make this site as simple and easy to use as possible. In our opinion, Matby is the best service that is suitable for both beginners and experienced users.
The second method is cloud mining. The best option for long-term investment in cryptocurrency for 2022. There are quite a large number of services that are ready to provide computing power for rent. They can be used to mine cryptocurrency, but be careful, against the backdrop of the growing popularity of digital currency and mining, a large number of scammers have appeared, so you need to use only reliable and proven services. We have prepared for you a rating of the best cloud mining services relevant for 2022.
The third way is to extract cryptocurrency by mining on your own equipment, and after transferring it to the exchange, you can exchange it for any other. You can assemble a “farm” for mining at home. The minimum amount required to purchase equipment is several thousand dollars. Unfortunately, mining on your own equipment has lost its relevance in 2022 (the costs are not recouped).

Fetch.ai (FET)

Current rate: $0.735
Market capitalization: $548 million
Ranking position: 121

Fetch.aI is a blockchain platform that uses machine learning and artificial intelligence technologies. It is built with Shadra technology.

The project's native token is FET. It plays an important role in the operation of the network. It is also compatible with various Internet of Things (IoT) devices.

TOP 5 cryptocurrency exchanges for 2021

For a safe and convenient purchase of cryptocurrencies, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds in rubles, hryvnias, dollars and euros .

The reliability of the site is primarily determined by the trading volume and the number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from Visa/MasterCard and payment systems QIWI, Advcash, Payeer .

Especially for beginners, we have prepared a detailed guide: How to buy Bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Grade:
1	Binance (Editor's Choice)	Binance	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is given in our rating of crypto exchanges:

Reliability of operation
- stable access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the period of operation on the market and daily trading volume.
Commissions – the amount of commission for trading operations within the platform and withdrawal of assets.
Reviews and support – we analyze user reviews and the quality of technical support.
Interface convenience – we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
Features of the platform are the presence of additional features - futures, options, staking, etc.
The final score is the average number of points for all indicators, determines the place in the ranking.

After investing any significant amount, it is better to transfer the assets to a separate wallet - otherwise you risk losing your savings if the exchange is hacked. This applies primarily to small crypto exchanges; for example, storing funds on Binance is quite safe (in all the years of operation, the largest exchange has never been hacked), but you should definitely enable two-factor authentication (2FA).

Be prepared not to dump your investments during the next market panic. The biggest jackpots are those who are prepared for prolonged discomfort due to negative exchange rate fluctuations.

LINK

Chainlink cryptocurrency
This time Altcoin Daily made their selection based on the opinions of various traders who presented their arguments for price growth in the form of graphs. The first coin will be Chainlink - the project needs no introduction, because it is the most famous and sought-after provider of blockchain oracles.

Here is the forecast for LINK, according to which the coin has passed a certain stage of consolidation and is preparing for a breakthrough:

In the future, this could be the beginning of a new bullish trend.

After the crypto market looked towards the bottom today following Bitcoin, the author of this forecast has updated it.

Indicating that the coin is in a triangle, support is now expected from the lower line and then a breakdown of the upper border.

Continuing this logic, in the future such a movement should be the beginning of growth, and the news reason for it could be the beginning of the integration of Chainlink oracles into DeFi applications on Binance Smart Chain.

We would also like to add that we cannot turn a blind eye to the Bitcoin factor, and if its rate goes even lower, then the next support level for Chainlink is at $24. And for the growth expected by traders to happen, Bitcoin must remain at least sideways with a lower boundary above $44,000.

Factors influencing the prospects for investing in a specific cryptocurrency

The most trusted digital currencies among traders and crypto investors are those represented in the top ten of the Coinmarketcap rating. This is due to various factors, the most important among them:

high liquidity,
stable rate growth,
prospects for further development of the ecosystem,
developer reputation.

It is also worth noting that in the world of cryptocurrencies everything is changing very rapidly. However, at the time of writing this review, the total capitalization of the first ten cryptocurrencies in the Coinmarketcap rating is $122.4 billion. If this number is compared with the total value of all cryptocurrencies ($138.8 billion) presented on this service, it turns out that the market share of the ten most popular digital currencies will account for 88%.

Development team

Karkhalev named the team behind the project as another important feature. Sometimes among the representatives you can see former employees of companies such as Microsoft, Google, Goldman Sachs or JPMorgan Chase. But work experience can be different - you can work as a senior assistant to a junior janitor or develop complex products, the expert explained. Therefore, he recommended checking exactly what positions the project members held and what products they had previously developed.

The head of the Six Nines data center, Sergei Troshin, also called the development team an important sign of the success of the project. There are not many well-known and proven specialists, as in any other field. Therefore, projects with big plans usually try to attract well-known developers, because they know that this will attract the attention of the crypto community, the expert shared.

He cited the recently launched Efforce project as an example. The token he issued was introduced on December 3 and since then has risen in price by almost 2500%. A possible reason for this growth is the co-owner of the startup - Steve Wozniak, co-founder of Apple.

Bitcoin is the best investment in the cryptocurrency market

Bitcoin is at the top of the cryptocurrency Olympus and is the best digital coin for investment. It has existed for 10 years and the entire blockchain industry began with it.

Satoshi Nakamoto’s digital coin 11 years ago was not worth a cent, but today you can get $9,000 for it. Those who bought 1 BTC during the crypto winter of December 2018-February 2022 for $3,200/$3,500 could sell it for $11,000 in the summer, receiving over 200% net profit.

According to one of the pioneers of the crypto industry, Hell Finney, the final cost of one BTC coin should be equivalent to $10,000,000. And this is as of 2009, but during this time the real value of the “evergreen” has decreased somewhat.

Bitcoin, given its high reliability and limited emission, can truly become digital gold, the absolute standard of value, and then the future of coin holders and their descendants will be secured. Of course, investing in young promising cryptocurrencies requires smaller investments, but when buying Bitcoin, you risk almost nothing.

Results

Investing in cryptocurrency does not guarantee 100% profit and requires a responsible approach. When choosing an investment object, it is important to determine your needs, understand the prospects of the instrument, study its pros and cons, and read expert comments. It is necessary to understand that the purchase of cryptocurrency is usually focused on the long term. Real income can only come in 1-2 years or more. If you need quick money, then you need to focus on trading. But that's a completely different story.

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TOP 5 cryptocurrencies worth investing in in 2022 (except Bitcoin)

Even though the cryptocurrency market suffered a major crash in 2022, the industry still remains promising for investors, with many experts arguing that the present is a “golden” time for investing, as 2022 could bring the long-awaited “tu ze mun.”

The most reliable cryptocurrency for investment, in our opinion, is still Bitcoin (BTC). We advise you to invest either only in BTC, or distribute your investments in such a way that Bitcoin makes up at least 75% of your portfolio.

For those who want to create an expanded investment portfolio, we will look at three more coins that have the greatest growth potential in 2021. At the same time, we emphasize once again that it is recommended to invest 75-80% of investments in Bitcoin.

Place #1 - Cardano (ADA)

On March 1, the “Mary” hard fork was launched. It became one of the key events of the month. As a result of the update, Cardano users will be able to issue and distribute tokens on the blockchain. Thus, the project will be able to realize its potential in the NFT, DeFi and stablecoins segment.

"Mary" is the second of three updates from the Gauguin era. At this stage, the project plans to add support for smart contracts and the ability to create decentralized applications (dApps) on the Cardano platform.

The founder of the project, Charles Hoskinson, said that everything is going according to schedule. The hard fork will launch on March 1, as announced. He also added that users will need to update their nodes by downloading the latest version of the Daedalus wallet, dubbed Flight.

Meanwhile, on February 27, the ADA rate updated its historical maximum at $1.49. At the time of writing, the coin is trading at $1.29. Despite the correction, ADA is still well above the previous resistance at $1. As long as this area acts as support, the trend remains bullish.

Place #2 - Ethereum (ETH)

The second largest digital currency by capitalization does not have strict restrictions on emission. ETH staking will be launched in 2022, which will certainly cause a new round of demand for this digital asset. Ether staking income can be calculated using a special calculator.

The ideological inspirer of the project is a Canadian programmer with Russian roots, Vitalik Buterin. His enthusiasm and dedication brought thousands of developers to the team.

Ethereum Foundation is the largest association of programmers and cryptographers. This year, the team launched a test version of the Ethereum 2.0 . The system is gradually switching from the POW algorithm to staking, which will reduce emissions to 2.5% and stimulate long-term storage of ETH tokens. Additionally, Ethereum serves as the digital fuel for the DApp ecosystem.

ETH coins are needed by millions of developers and companies to enter into smart contracts, release decentralized applications, and pay fees.

Place #3 - Neo (NEO)

The NEO crypto platform, previously called Antshares, is the Chinese version of Ethereum. During the rebranding process, the developers completely updated the project. Not only the name changed, but also the settings of the blockchain nodes and technical documentation, and the NEO 2.0 .

The NEO cryptocurrency is included in the TOP 50 of the coinmarketcap rating and, unlike Ethereum, in this project the maximum issue of coins is limited. The ecosystem is actively developing, cooperation has already been established with popular blockchain startups, Bancor , Coindash and Agrello .

Chinese crypto project Red Pulse has announced that it will create a platform for financial research using NEO 2.0 smart contracts.

The NEO team is participating in the creation of Elastos OC , designed to explore the technological value of using blockchain applications in new Internet OSs and further develop the cyber economy.

Place #4 – Stellar (XLM)

This cryptocurrency was created to simplify international transfers. Using the decentralized XLM platform, ordinary citizens and large enterprises can make transactions anywhere on the planet where there is access to the Internet, without any intermediaries.

The coin appeared as a result of a hard fork of Ripple and a year later switched to its own open-source protocol.

The Stellar team has entered into a partnership agreement with financial companies Tempo and ZED , ICO Smartlands and Mobius , and large banks.

Essentially, Stellar is an improved version of Ripple. The XLM blockchain has high throughput, there is no additional emission, and only 5% of all created coins are controlled by the Stellar Foundation.

Place #5 - TRON (TRX)

The digital asset Tron (TRX) appeared in September 2022. At the time of writing the review, the market capitalization of the project reached $1,000,000,000. Many expect the coin to explode this year.

According to the most daring forecasts, 1 TRX will be equal to 1 USD, but a more realistic rise in the value of the TRON coin to 0.1 USD (current rate of 1 TRX = 0.02 USD).

The Tron blockchain should become a global system for exchanging digital content, which in the current environment is in demand more than ever. The Tron ecosystem provides the opportunity for gaming projects to enter into smart contracts and create decentralized applications.

The platform is already used by hundreds of developers, including gaming industry leaders BitGuild , Game.com and Xu Le . Tron acquired BitTorrent and signed a network agreement with service providers Oracle and Swisscom .

Brief overview of other popular cryptocurrencies

It is also worth considering several other promising assets today.

Monero (XMR)

Monero is an anonymous Bitcoin. “Isn’t Bitcoin anonymous?” - you ask; and the answer will be “Unfortunately, not at all.” Highlighting the BTC wallet address will allow anyone to see all incoming and outgoing transactions for the entire period.

First, services appeared in Bitcoin that mixed black and white cash together (mixers), thanks to which the money that came from “it is unclear where” fell into the wallet. Simply put, you sent Bitcoin to the site, it mixed it with other Bitcoins and sent one of the other people’s Bitcoins to the final address.

This site has become popular among the black market: drug and weapons sellers. However, the Bitcoin-based implementation relies on the fact that you trust the owner of the mixing service - and that he will not turn you in to the police.

Which is unacceptable when life and freedom are in the balance. Monero has this kind of mixing built in—transactions are usually mixed together and in many cases it is impossible to track them. This increases the currency's potential for the black market - which is how it received its first growth.

It also seems to me that transaction anonymity, also known as bank secrecy, is a necessity for the acceptance of any cryptocurrency as a popular means of payment. Monero market capitalization is now 1/100 of Bitcoin, that is, the growth potential is great. Monero is the project where I invested the most money.

IOTA

Cryptocurrency exchange network project for the Internet of Things. It is based on the unique Tangle consensus method. The main feature of the latter is the absence of miners. In addition, there are no transaction fees on the network - the latter are mutually confirmed by network nodes.

IOTA is also unique in that network participants are not divided into users and transaction validators. Each node both sends and confirms transactions that are not packaged into blocks (which distinguishes IOTA tokens from the vast majority of other digital currencies). The throughput of the IOTA network is proportional to the number of nodes and their activity.

IOTA tokens are traded primarily on the popular Hong Kong exchange Bitfinex. It is noteworthy that other trading platforms are not yet in a hurry to list this innovative cryptocurrency. On the other hand, IOTA is gradually gaining universal recognition. So, last month, the SatoshiPay service specializing in micropayments announced its intention to abandon the use of Bitcoin in favor of the IOTA cryptocurrency.

If we consider the global prospects of the new cryptocurrency, they seem quite interesting. Thus, according to research by TechNavio, from 2022 to 2022. the cumulative average annual growth rate of the global Internet of Things (IoT) market will be 4%. This means that the global IoT market will reach $1.37 billion by 2021, with 81% of the market growth coming from a variety of electronic gadgets.

Recently, the IOTA cryptocurrency has been showing strong growth and the price of one token has reached $0.88. IOTA market capitalization has crossed the $2 billion mark.

Litecoin (LTC)

A popular fork of Bitcoin, often referred to as “digital silver.” Litecoin was one of the first to activate support for the SegWit protocol. However, even before the activation of Segregated Witness, Litecoin had a significantly faster transaction confirmation time than the same Bitcoin. Currently, the project continues to actively develop under the leadership of its famous creator Charlie Lee.

For several years, Litecoin was “in the shadow” of Bitcoin and other cryptocurrencies, trading around $3-4 per coin. In March of this year, on the eve of the implementation of SegWit, the price of “digital gold” began to rise rapidly. Now the price of Litecoin is approaching $50 per coin and, according to many analysts, this is far from the limit. Cryptocurrency is available on most exchanges and exchange platforms, and is also accepted by many companies as a means of payment.

The maximum supply of Litecoin is limited to 84 million tokens and there are currently 52.4 million LTC in circulation on the market.

Dash

The launch of the cryptocurrency, which at that time was called Xcoin, occurred on January 18, 2014. From January 28, 2014 to March 25, 2015, the cryptocurrency was called Darkcoin.

Main features of the Dash cryptocurrency:

transactions anonymized thanks to the Darksend mechanism;
a combination of several cryptographic algorithms is used;
Mining Dash requires less energy than Bitcoin;
decisions on the development of the system are made not by individual programmers, but by all members of the Dash network through a decentralized control mechanism.

The DASH network operates so-called masternodes - special nodes that ensure the operation of the PrivateSend transaction mixing mechanism. To stimulate the work of masternodes, a reward is provided, which is 50% of the miner’s reward for the found block. The DASH system also implements the InstantSend instant transaction service. Another feature of the DASH cryptocurrency is the use of the X11 hashing algorithm.

The DASH cryptocurrency has many supporters. Since its inception, the price of the cryptocurrency has increased several hundred times and Digital Cash is currently trading around $200.

Bitcoin Cash (BCH)

This is an “alternative to Bitcoin” that emerged as a result of a hard fork. So, on August 1, the Bitcoin blockchain split into two chains and a new digital asset appeared - Bitcoin Cash (sometimes - Bcash), which has a common history with Bitcoin, but is traded under a different ticker - BCC (less often - BCH).

After the hard fork, many exchanges and wallets gave holders of “digital gold” an excellent opportunity - to receive a certain amount of Bitcoin Cash tokens, which should correspond to the balance of Bitcoin in a 1:1 ratio. For example, if a user has 1 BTC in his wallet, then he receives 1 BCC after the hard fork.

Immediately after its appearance on the exchanges, the new cryptocurrency found itself in third place in terms of capitalization, leaving behind such market “veterans” as Litecoin and Ripple. However, shortly after exchanges made Bitcoin Cash deposits and withdrawals available, the “alternative to Bitcoin” began to plummet in price. So, if on August 2 the BCC price reached 0.485 BTC (approximately $1300) on the Bittrex exchange, then two days later its weighted average price slightly exceeded $250.

Not everything is going well with the new cryptocurrency. Bitcoin Cash is not as attractive for mining as “regular” Bitcoin, and its network experiences various problems every now and then. Apparently, the new cryptocurrency so far owes its capitalization of $4.8 billion only to the popularity of Bitcoin, nothing more.

NEM (XEM)

This digital currency gained popularity in early 2015. It is distinguished from many other digital currencies by its original open source code and a number of interesting innovations. For example, the XEM cryptocurrency is based on the POI (Proof Of Importance) algorithm, a “proof-of-stake” modification. However, unlike PoS, in POI, in addition to proof of storage of a certain amount of funds, the user’s activity is also taken into account - the number of transactions he has made. Receiving a block reward on the NEM network is called “harvesting”.

A major update called Catapult is expected this year, during which NEM will switch from Java to C++. The new version of the private network has been tested for stable operation at speeds of up to 3000 transactions per second. The update will take place first on the private Mijin blockchain and then on the public NEM chain.

Also based on NEM, a new platform, COMSA, is being developed, which is designed to support projects in conducting transparent and orderly ICOs. According to project representatives, the new solution will significantly optimize the process of attracting investments in digital currency.

XEM's capitalization exceeds $2 billion. The coin is popular not only in its native Japan, but is also actively traded on a number of major exchanges, including Poloniex and Bittrex.

Ethereum Classic (ETC)

Appeared in 2016 as a result of the “twin brother” hard fork of Ethereum (ETH). In other words, this cryptocurrency is the same Ethereum before the hard fork. The goal of the project is to keep the original Ethereum decentralized, immutable, and uncensorable.

A year ago, many considered Ethereum Classic to be “stillborn,” but this turned out to be far from the case. ETC is still in the list of top 10 cryptocurrencies by market capitalization. An ardent supporter of Ethereum Classic is world-famous crypto enthusiast and head of the Digital Currency Group, Barry Silbert. Largely thanks to his efforts, the ETC cryptocurrency appeared in the professional computer system Bloomberg Terminal.

In general, the growth of Ethereum Classic greatly intensified in the spring of 2017, after the launch of the Ethereum Classic Investment Trust. The further growth of Ethereum Classic expects to be stable, at least thanks to the project’s balanced monetary policy, which provides for limiting emissions and reducing the block reward. In particular, the total number of coins will be approximately 210 million, but not more than 230 million; As for the reward for the mined block, it will be reduced by 20% after block number 5,000,000 and will be reduced by 20% in the future after each subsequent 5 million blocks.

Promising NFTs

Axie Infinity (AXS)

Axie Infinity is one of the most popular blockchain games and decentralized protocols.

Players raise unique creatures and arrange battles. At the same time, game items are executed in the form of NFTs with various characteristics. Rare items that are extremely difficult to obtain are especially valuable. Those who take the game of Axie Infinity seriously can easily receive a good monthly salary increase due to the sale of game items.

AXS is a governance token that allows you to vote on project development issues.

Since the beginning of the year, the value of the AXS token has increased by 26,700% to $145.2. At the moment, the total capitalization is close to $9 billion.

Flow (FLOW)

Flow is a fast and easy-to-use blockchain platform for creating the next generation of games, applications and digital assets on top of it. The founders of the project are the developers of widely known products in the community, such as CryptoKitties, Dapper Wallet and NBA Top Shot.

FLOW is a utility token that is used to directly interact with the platform. Thus, the more applications run on the network, the higher the demand for FLOW will be.

Since the beginning of the year, FLOW's price has increased by 92% to $13.11. Now the total capitalization is $4.1 billion.

Decentraland (MANA)

Decentraland is a whole metaverse where users can create their own worlds: open shops, organize art exhibitions, attend lectures, organize interactive games, etc.

Community members can earn money both by selling land and providing any relevant service. The MANA token is used for settlements within the system.

Since the beginning of the year, the price of MANA has increased by 2900% to $2.4. Total capitalization is $4.5 billion.

Immutable X (IMX)

Immutable X is a layer 2 solution for NFTs created on Ethereum.

The problem of high network fees is known to many, as a result of which several add-ons have appeared that allow you to interact with Ethereum applications more efficiently. Immutable X is a similar solution, but created specifically for working with NFTs.

Since the beginning of the year, the price of IMX has increased by 55% to $6.1. At the moment, the total capitalization is $1.3 billion.

Advantages and disadvantages of investing in cryptocurrency

Investing in any financial instrument has both positive and negative sides, and cryptocurrency is no exception. Before investing real money in cryptocurrencies, it is better to familiarize yourself with all the advantages and disadvantages. Let's start with the pros:

State authorities cannot freeze an investor’s account or restrict his actions;
it is impossible to track payments, which means that the level of income is hidden from the tax authorities;
good prospects for further growth;
several investment options (mining or speculation);
a large number of cryptocurrencies worth investing in.

However, there are also disadvantages to investing in cryptocurrencies. Among the disadvantages it is worth noting:

the inability to cancel a transaction, even if it did not occur at the will of the wallet owner;
a large number of hackers who are trying to gain access to other people’s wallets;
high exchange rate fluctuations, which makes it difficult to predict the real income from mining.

Pros and cons of investing in bitcoins

Next, we will get acquainted with the main prospects and risks that await those who are going to invest in Bitcoin at interest.

To decide whether to invest your own money in cryptocurrency or not, you need to understand what financial benefits it will bring and what risks you will have to face. Here I will try to describe everything in as much detail as possible, but you will need to make a decision about investing in Bitcoin yourself.

Pros of investing in Bitcoin

Quite stable growth. Throughout the history of Bitcoin, there have, of course, been big drops, but this happened infrequently: on average, once every 2-3 years. The four-fold increase in 2016 significantly outweighs the decline: a successful investor can, having invested in the most popular cryptocurrency, not experience a drop in its value over the course of a year.
User trust. Bitcoin managed to become popular: even while declining, it subsequently grew sharply. Today, a huge number of Bitcoin users act as a kind of “guarantor” of its stability: several million literate people cannot trust an unreliable asset, right?
High liquidity. Selling Bitcoin today is not a problem: Bitcoin ATMs are opening all over the world, the number of Bitcoin exchanges is increasing every year, and even some retail outlets accept the most popular cryptocurrency.
Independence from external events. Probably only failures in computer systems can have a negative impact on Bitcoin. Political, economic, social “squabbles” - Bitcoin doesn’t care about all this: it is completely decentralized, and events in any country or region, in fact, do not affect it in any way.
Low control. Bitcoin today is one of two means of payment (the other is cash), the circulation of which is almost impossible to control. This is very convenient: supervisory authorities do not know how much money you have, where you keep it and what you spend it on.
Low commissions. Maybe not the most important advantage of Bitcoin, but I decided to talk about it. Today, although commissions are charged for storage, exchange and other operations with the most popular cryptocurrency, they are small, which distinguishes them favorably from money stored in banks. As financial institutions charge more and more for their services, this advantage of Bitcoin will come to the fore.

Risks and Disadvantages

Scaling problem. The Bitcoin network grows over time as the number of Bitcoins increases. However, the throughput of the cryptocurrency network does not change, which is why problems with transfers are already arising today. The most important negative consequence is the increase in the time it takes to transfer bitcoins from the sender to the recipient. Often they simply get stuck in the network. In addition, limited bandwidth made small-scale bitcoin transactions unprofitable. The problem is being addressed by both Segregated Witness and Bitcoin Unlimited today, but they have still not been able to completely eliminate it. This means that if the protocol remains old, the system will pass through less and less bitcoins, which will lead to a decrease in the attractiveness of bitcoin for investors. Those bitcoin owners who suffer the most from the problem are those who prefer to store their funds not on exchanges, but on local wallets: in order for their bitcoins to get into the system, they need to be transferred from their own storage, and today this takes a lot of time and takes a lot of nerves.
Possibility of a “bubble” formation. Many investors have doubts about whether to invest in Bitcoin in 2022. The thing is that in 2022 the exchange rate has increased significantly. Of course, there are also objective reasons for Bitcoin, of which there are also many, so growth does not necessarily need to be viewed as a “bubble” that will definitely burst. Of course, the volatility of Bitcoin is very high (however, one should not expect anything else from an asset with such profitability), however, many analysts predict its rapid decrease due to the stabilization of the development of the most popular cryptocurrency.

Pros and cons of investing in altcoins

Altcoins are all digital currencies other than Bitcoin. Investments in them today are also profitable, but there are plenty of risks here.

Let's look at the main features of altcoins.

Growth prospects

Altcoins are young cryptocurrencies: most of them are not even five years old. As I said at the beginning, DASH and ETH saw 12x and 8x increases in value in 2016 (Bitcoin “only” increased 4x in value in comparison). Other digital currencies also have the potential for almost unlimited growth: very few people know about them yet.

"Low Base"

The “low base” effect is something that can ruin inexperienced altcoin investors: knowledgeable players take it into account, but those who began investing in an alternative cryptocurrency after its multiple growth may face great disappointment.

What is the “low base effect”? I won’t bog you down with theory, but will go straight to an example.

So, imagine a situation in which some cryptocurrency costs $2. Its popularity is not yet very high - investors do not consider such a digital currency a highly profitable asset and do not pay attention to it.

“Boost” players take advantage of this, starting to massively increase the rate of the cryptocurrency, and after a month its rate is already $32.

An increase of 5 times is huge, but it was not supported by any fundamental reasons, but only by the activities of the players, which tomorrow could turn completely in the opposite direction.

In addition, although in relative terms the increase was 5 times, in absolute terms the price of the altcoin increased by only $30. If the price of such a currency increases by 30 dollars again, then its price will be 62 dollars. Not to mention that it will be much more difficult to “warm up” such growth; the relative increase will be much smaller: 62:32 ≈ 2.

A twofold increase, of course, is also not bad, but inexperienced investors are counting on a fivefold increase!

That is why the “low base” effect should definitely be taken into account when paying attention to the positions from which the altcoin began to grow.

Why is this relevant?

Investing money in cryptocurrency has long been a classic tool for preserving and increasing capital. This is due to the following advantages:

Deeper penetration into the financial systems of many countries.
Increased attention from large companies.
Possibility of mining or passive income from staking.
Diversity of earnings in the short, medium and long term.
Application for smart contracts.
Increased attention from the media, which creates additional interest in cryptocurrencies.
Protection against inflation due to low interest rates.
High volatility, which attracts investors and allows you to make quick money.

The benefits of cryptocurrencies themselves, such as privacy, fast transactions and low fees, cannot be ruled out.

Morpheus Labs (MITX)

Current rate: $0.046
Market capitalization: $19.813 million
Rating position: 746

Morpheus Labs is a blockchain platform specializing in dApp development. It offers users a choice of different programming languages.

The native token of the platform is MITX. The burning of 5 million tokens is planned for October 4th. This is the fifth and last burning this year.

FLOW has been trading within an ascending parallel channel since the beginning of March. They usually form during correction.

Moreover, within the formation the price moved in stages, which indicates the likelihood of a breakout.

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Celsius (CEL)

Current rate: $5.02
Market capitalization: $1.201 billion
Rating position: 80

Celsius is a platform that offers financial and banking services to cryptocurrency users. The project was launched in 2018. It now offers various services, including loans, staking. Users are paid interest rates up to 17%. The platform’s own token is CEL. Its holders receive increased interest.

The global blockchain summit will take place in Dubai from October 13 to 14. One of the speakers will be the founder and CEO of Celsius, Alex Mashinsky.

CEL has been trading inside a large symmetrical triangle since late January.

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Rocket Pool (RPL)

Current rate: $31.41
Market capitalization: $322.875 million
Rating position: 235

Rocket Pool is a protocol where you can stake Ethereum (ETH) and earn money. In addition, users can run their own nodes, which increases income.

The project plans to launch its own network on October 6. The rollout will take place in four phases, each of which limits the size of the ETH deposit pool.

RPL/ETH broke through the 0.01 ETH resistance.

TradingView Chart

You can read the latest technical analysis on Bitcoin (BTC) here.

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