The crypto market has begun this year in a docile manner, even though this does not undermine the huge potential in the crypto ecosystem. In this review, we consider the best cryptocurrency for 2022 you can add to your portfolio as the industry picks up steam.
1. Lucky Block (LBLOCK)
Lucky Block kicks off our most popular cryptocurrency for 2022. Scheduled to launch in February 2022, Lucky Block is a decentralised lottery blockchain protocol that aims to even the playing field for all in the gambling industry.
According to its whitepaper, Lucky Block aims to revolutionise the decade-old gambling space by allowing greater chances of winnings while ensuring transparency and fairness for all concerned.
Set to launch on Ethereum rival Binance Smart Chain (BSC), Lucky Block will also incorporate a solid investment strategy for LBLOCK token holders, enabling them to impact the community directly.
Lucky Block intends to be a one-of-a-kind solution. The platform’s heavy reliance on blockchain technology breaks through demographic barriers by allowing anyone anywhere to participate in its lottery games.
Lucky Block Presale Ends Soon
Lucky Block is still in pre-sale, and you can easily purchase the LBLOCK token with as little as 0.16 BNB and a maximum contribution of 400 BNB.
The crypto project has already raised over £3m and there are now less than 14 days to go before the end of the pr-sale. Many analysts expect Lucky Block’s token supply for this phase to sell out soon.
Why Invest in Lucky Block?
There are a few key benefits inherent in buying the LBLOCK token early. These are:
1. Lucky Block Operates In A Popular Niche
Lucky Block is the first and most popular cryptocurrency for 2022 that focuses on the online lottery market. The online gambling industry is a giant, and Lucky Block intends to revolutionise the space, making the protocol a first-mover in an otherwise established market.
2. Inclusiveness
The utilisation of blockchain means anyone, anywhere, can play and win the lottery on the Lucky Block protocol. The better odds that Lucky Block promises that every player has a good chance of succeeding. Users also get opportunities to increase their potential payouts substantially. The protocol has built an enviable following on social media, with over 15K users on Telegram.
3. Lower Fees
Ethereum is seen as the alpha in the smart contract ecosystem. However, the issues surrounding gas fees has seen the foremost smart contract lose its grip. Lucky Block is launching on the BSC network, which means users will enjoy lower transaction fees instead of using the Ethereum network.
The token has generated a lot of buzz in the crypto circles due to its expected launch in February 2022. This presents a unique chance to invest early and profit when the token launches. To get started, follow the steps below:
- Head over to the Lucky Block website and click on ‘Buy Now’.
- Click on ‘Unlock Wallet’ to connect to your Metamask or any other crypto wallet
- Once your wallet is connected, insert how much BNB you want to invest. The minimum contribution is 0.16 BNB while the max is 400 BNB
- Click on ‘Buy’ and wait for the presale to conclude
2. Bitcoin (BTC)
Bitcoin remains the flag bearer for blockchain-based assets and is one of the most popular cryptocurrency for 2022 you should closely watch.
Termed the ‘digital gold,’ Bitcoin comes with a full weight of only 21 million coins making the premier digital currency deflationary from inception. Coupled with this, BTC commands the largest share of the crypto market with little over 40% under its belt.
Chip-making giant Intel has recently revealed plans for specialised crypto mining chips. Stated in its 2022 Conference Agenda, Intel stated that it would be launching a low-voltage, energy-efficient Bitcoin mining rig.
Slated to enter the market in late February, the application-specific integrated circuits (ASICs) would help Bitcoin mining firms address their energy output.
BTC has not reacted yet to the news and is currently trading in the red zone at $41,518.96, down 0.91% in the last 24 hours.
3. Ethereum (ETH)
Ethereum occupies the second most valuable digital asset per market cap making the foremost smart contract network another popular cryptocurrency for 2022.
Commanding approximately 20% of the crypto market, Ethereum is home to decentralised applications (dApps) used in developing flourishing sub-sectors, including decentralised finance (DeFi), non-fungible tokens (NFTs), and the Metaverse.
Ethereum is currently working on a transition to the proof-of-stake (PoS) consensus algorithm from the ancient proof-of-work (PoW) model.
The NFT frenzy has a huge following on the Ethereum blockchain, and so far, the smart contract protocol remains the de facto launchpad for several NFT platforms.
One of such is StockX which recently announced the launch of its VaultNFTs on the Ethereum blockchain. According to the blog post, VaultNFTs would allow users to invest in NFTs tied to physical products and would also allow them to trade these ERC-1155 tokens for others items at lower fees.
Ethereum’s utility token ETH has continued to struggle with the bears despite a growing influence in the decentralised economy.
ETH is struggling to break above the resistance level of $3,100 as the digital token trades at $3,077.46, down 2.84% in the past day. This sees ETH trade below the 50-hour simple moving average (SMA) indicator price of $3,756.44.
4. Cardano (ADA)
PoS blockchain protocol Cardano is another popular cryptocurrency for 2022. The peer-reviewed blockchain aims to engender a more robust blockchain ecosystem while tackling the triple evil of interoperability, security, and scalability.
Like Ethereum, Cardano enjoys a strong ecosystem due to high throughput, security, and low costs in running transactions on the network. Also plunging into the fast-rising star Metaverse, Cardano network has recently welcomed a virtual reality platform called Pavia.io.
Cardano has not been stable and has struggled to maintain a bullish stance given the broader market downward spiral. ADA trades at $1.378, down 7.86% from its modest price gain to $1.58 in the last 24 hours.
5. Binance Coin (BNB)
Binance coin has remained a darling among several crypto users and is a popular cryptocurrency for 2022 you should invest in.
From its inception four years ago, BNB was meant to attract more users to the Binance crypto exchange with lower fees.
BNB has since overshot its early use case and is deployed in almost all projects and initiatives launched on all Binance-owned protocols like Binance Smart Chain (BSC).
The world’s largest crypto exchange by market cap is known for its frequent token burn mechanism, which usually leads to a significant reduction in the amount of BNB in the open market.
At press time, BNB is trading below the 50-hour SMA price of $519.2 at a current price of $458.6, down 1.77% in the last 24 hours.
6. Solana (SOL)
Solana is another heavyweight in the crypto scene and is a popular cryptocurrency for 2022. Still in beta mode, Solana is a high-performance, censorship-resistant blockchain protocol out to generate more interest in the DeFi and the crypto space by extension.
The Ethereum rival runs on a hybrid consensus architecture, namely the proof-of-history (PoH) and PoS protocols. Both models enable Solana to produce 50,000 transactions per speed (TPS) with little energy and significantly lower fees. Solana has been on a tear in the past year as the digital asset surged to an all-time high (ATH) of $260 towards the end of 2021.
7. Terra (LUNA)
Terra is a one-stop-shop for all things crypto. Launched in 2018, the Terra blockchain set out to develop a stable digital currency based on fiat. The blockchain is also a robust network infrastructure equipped with smart contract capability and the development of dApps.
Terra blockchain has recently climbed the most valuable crypto ranks and is now ranked ninth on the chart. While the broader crypto market is struggling, Terra’s LUNA has a positive outlook. The blockchain network is up 6.17% and is trading at $79.81 and above the 50-day SMA price of $76.95.
8. Polygon (MATIC)
Polygon was created to be a layer-two scaling solution for the Ethereum network, but the blockchain protocol has since become a top favourite among several users. Polygon comes equipped with a 65,000 TPS and low cost. These twin benefits make MATIC a popular cryptocurrency for 2022 for several investors.
MATIC has followed its parent protocol’s footsteps and recently launched the London hard fork or Ethereum Improvement Protocol 1559 (EIP). This would introduce token burn of the MATIC token, further pushing its price up.
Polygon has also enjoyed several adoptions and recently integrated with PlotX to expand the Play-2-Earn landscape for gamers.
MATIC’s price is heavily influenced by the price movement of BTC and the digital asset is currently trading at $2.08, down 1.84% in the last day.
9. Avalanche (AVAX)
Avalanche broke into the crypto scene at the curtain call of 2021, but the Ethereum rival is now one of the most popular cryptocurrency for 2022 for several investors. The team behind the project claims Avalanche is the fastest blockchain protocol in the crypto market.
Avalanche’s utility token has struggled to reclaim its late 2021 high price pegs this year and is trading at $83.32, down 3.84% so far.
Fundamental-wise, Avalanche has kept in tow with other competitors and recently launched on Chainstack. The partnership would see developers easily deploy and manage their protocols on the Avalanche blockchain.
10. Shiba Inu (SHIB)
Shiba Inu may be a meme copycat, but the Dogecoin killer is a popular cryptocurrency for 2022. Shiba Inu was launched with the intention of usurping Dogecoin from the memecoin throne. The protocol has been working hard to create real-world use cases aside from being a fun-themed crypto asset.
Despite not reaching a quarter of a cent, Shiba Inu has stirred remarkable interest following its attention to value creation. One of such is the Shiboshi NFT game, which is gaining steam. Also, utility token SHIB has been listed on centralised crypto exchange MEXC alongside BONE.
SHIB is seeing strong bearish activities and is trading $0.00002769, up 0.23% in the last 24 hours.
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