Our pick of the top cryptos set to take off this year. Ever since the inception of Bitcoin in 2008 there have been explosions in the number of tokens in existence, with thousands available to trade and invest in as of March 2022. But when there are so many tokens on offer, how do you choose which ones to trade?
To make things easier for you, we’ve compiled a list of the 10 most promising tokens you should invest in for 2022.
Top 10 cryptocurrencies set to explode in 2022
Ready to invest in 2022? Watch out for these 10 rising stars.
1INCH
1INCH is an Ethereum token and powers the 1inch DEX. It offers some of the best rates by discovering the most efficient swapping routes across all leading DEXs. The 1INCH token is the utility token of the 1inch protocol and can be used for holding, spending, sending, and staking. Holders can propose and vote on updates to the protocol, such as how fees are distributed and structured.
1INCH surged in 2021 reaching its all-time high price. This token is perhaps seen as potentially volatile, however there is potential for a further surge in 2022. What’s more you can trade 1INCH on bitoftrade right now.
SAND
SAND is the utility token used throughout the Sandbox ecosystem for interactions and transactions within its gaming platform. The SAND token is a standard version of the ERC-20 utility token.
The Sandbox is a virtual metaverse built on the Ethereum blockchain. Players of all levels can own, build, and monetize their gaming experiences. If you’re looking to trade and game, SAND shares its revenue through the gaming ecosystem via tokens and other rewards.
Trade SAND on bitoftrade.
MANA
Decentraland’s token MANA is an Ethereum token that powers their virtual reality platform. You can use MANA to pay for virtual plots of land as well as in-world goods and services in Decentraland. On the platform, users can explore the evolving world, create various scenes, and trade assets. If you enjoy trade-to-earn metaverse games, check out MANA and consider investing in their token.
MANA token is available to trade on bitoftrade.
LUNA
LUNA is the native token of the Terra ecosystem. LUNA coins exist in three different statuses: bonded, unbonded, and unbonding. Bonded coins are staked in a pool and are locked to earn rewards, but are unable to be traded freely. Whereas unbonded coins can be traded freely and aren’t part of a staking pool. Unbonding is when coins are withdrawn from staking. This process takes 21 days to complete and can’t be canceled during this time.
Token holders can delegate their coins to platform representatives to vote on changes in the platform elections. If you want to stake holdings, LUNA provides liquidity and you can earn rewards.
Stay tuned for this token, coming soon to the bitoftrade platform.
BNB
BNB is Binance Coin’s native token. It was initially based on the Ethereum Network but is now the native token of the Binance chain. BNB is primarily used to pay fees on the Binance cryptocurrency exchange. If you pay fees on the platform with BNB, you’ll receive a discount.
Every quarter, Binance uses one-fifth of its profits to repurchase and burn Binance Coins held in its treasury, yielding some good profits.
Trade BNB on bitoftrade today.
The DOT token
The DOT token is Polkadot’s native token and it serves three distinct purposes: governance over the network, staking, and bonding. Holders have complete control over the protocol and have access to all privileges such as managing exceptional events like protocol upgrades and fixes. To ensure the network stays secure, Polkadot uses game theory to incentivize token holders to play in honest ways by rewarding trusted actors while untrusted actors lose their stake.
Stay tuned, the DOT token is coming to bitoftrade soon.
SOL
SOL is the native token for Solana, which is a DEX that uses the SOL token to pay for transactions. They aim to improve blockchain scalability by using proof of stake consensus and proof of history. Without sacrificing decentralization, Solona’s platform can support 50,000 transactions per second.
If you’re interested in no gas fees and quick transactions, then Sol is the token for you.
SOL will be coming to bitoftrade later in 2022.
XLM
XLM (the Stellar Lumen) is Stella’s cryptocurrency that powers the Stellar payments network: the open network for storing and transferring money. They aim to connect the world’s financial system, allowing businesses and developers to take advantage of their interoperability, low transaction costs, and fast speeds.
If you’re looking to execute transactions across borders in multiple currencies then XLM may be the token for you.
Stay tuned, XLM is coming to bitoftrade soon.
LTC
LTC (Litecoin) is a peer-to-peer cryptocurrency that enables instant payments to anyone in the world at a near-zero cost. This cryptocurrency uses a faster payment schedule and a different cryptographic algorithm than Bitcoin. LTC is an alternative cryptocurrency created by former Google engineer Charles Lee. It was adapted from Bitcoin’s open-source code but with several adaptations such as transactions that are four times faster than Bitcoin and a larger circulating supply.
If you’re looking for an advanced version of Bitcoin, then LTC is the token for you.
You can begin trading LTC on the bitoftrade platform soon.
ADA
ADA is Cardano’s international cryptocurrency. Cardano is a public blockchain platform built on a proof-of-stake consensus protocol. The platform validates transactions without high-energy costs.
The ADA token facilitates peer-to-peer transactions on the platform, and Cardano claims ADA is the first third-generation cryptocurrency. They aim to tackle scaling and infrastructure problems that appeared in Bitcoin.
By investing in ADA, you’ll be supporting the decentralized community and you’ll have the ability to earn a passive income.
ADA will be added to our platform soon.
Will Bitcoin and Ethereum go up in 2022?
You’ll notice that the best-known tokens Bitcoin and Ethereum did not make our promising tokens list. With the rise of alt-tokens in the crypto world, it can be hard to decipher which ones you should invest in. Last year, the top-performing tokens were LUNA and SOL, whereas Bitcoin ranked the lowest in the percentage of returns. We recommend you follow our top ten tokens and make an informed decision on which cryptocurrency to invest in.
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