Before deciding which cryptocurrency stocks to invest in, you should ask yourself what you hope to achieve. You may want to use the cryptocurrency as a means of carrying out transactions, or you may just want to profit from the technology that enables decentralized apps. The first cryptocurrency is Bitcoin, while Ethereum is used for more advanced financial transactions. Solana and Cardano are competitors to Ethereum. Listed below are some of the best cryptocurrency stocks to buy now.
Shiba Inu
As one of the trendiest cryptocurrencies last year, Shiba Inu (CCC:SHIB-USD) enjoyed explosive returns throughout the year, but recently plunged 71% from its October peak. While it may rebound in the future, it will likely be hard to keep up with more powerful competitors. Instead, investors should consider Solana, a much safer investment over the long term.
The Shiba Inu team is also working on building strong business and use cases for their tokens. One example is the partnership that they recently announced with Flexa, a popular fraud-proof payment network. This partnership would allow Shiba Inu token holders to spend digital assets in more than 41,000 locations. Despite its limited usage at this point, it’s likely that Shiba Inu will become a major project by 2022.
In addition to ICOs, the Shiba Inu was recently listed on Coinbase and Binance, where it soared in value. These developments have fueled speculation about the future of the cryptocurrency, but it’s worth noting that cryptocurrencies are notoriously volatile. This is why experts warn against investing in them. Shiba Inu is expected to grow 403-fold by 2022.
Binance Coin
The company’s mission to make cryptocurrency accessible to everyone is what makes Binance the perfect candidate for the future. It is also pro-regulatory, which is nice to see, especially considering the SEC’s efforts to regulate the cryptocurrency market. But despite its pro-regulatory stance, some investors remain leery. They worry that Binance may not be as regulated as the industry would like.
In order to make Binance Coin an excellent investment in the future, investors must first understand what it is. The cryptocurrency can be traded for other digital assets, including Bitcoin and Ethereum. Binance Coin is a stablecoin that can be used to make global payments. It is backed by the U.S. dollar and runs on Ethereum. Its future will be bright if investors can capitalize on the ongoing burning program.
Other cryptocurrencies are already experiencing huge gains. If you want to make a good investment in 2022, consider a few new crypto projects. One of these projects is Lucky Block, a blockchain lottery platform. Its unique technology provides a passive income stream, while the exchange associated with it provides increased transparency. Lucky Block is another promising crypto stock to buy in 2022. Its new blockchain lottery platform, based on the Binance Smart Chain, boosts odds of winners.
Solana
Solana is a cryptocurrency stock that has experienced an upward trend over the past year and a half. Its value is comparable to the value of a publicly traded stock, and the current economic balance between supply and demand dictates the price. Many analysts believe that Solana will regain its value before the year 2022. You can find price data on various cryptocurrency price tracking sites, such as CoinMarketCap.
The Solana network bills itself as fast and cheap, and this has attracted developers big and small. The native token, SOLA, has grown more than 6,500 percent in value since January 2021, making a $100 bet back then worth more than $6,500 on paper. The hacker-style events organized by the company have attracted tremendous energy from developers. Arca’s venture fund portfolio manager, David Nage, has been a shareholder in the company.
Silvergate
A crypto bank, Silvergate is an investment opportunity for investors who want to participate in the growing cryptocurrency market. The company has been rapidly expanding its services, and last quarter it recorded $14.7 billion in deposits from digital currency customers. Silvergate recently earned a Buy rating from FactSet analysts and is aiming to launch its own stablecoin and cryptocurrency payments platform. The company recently closed its acquisition of Diem assets, a failed stablecoin project from Meta Platforms.
Silvergate Capital Corporation (SGC) operates Silvergate Exchange Network, a bitcoin service provider. As of the end of March, the company had more than 1,500 clients. It provides a platform for fast and secure transactions, real-time settlement between counterparties, and automated funds distribution. Its parent company, Circle, created the USDC stablecoin. Silvergate’s shares have recently been boosted by Facebook CEO Mark Zuckerberg’s newfound interest in cryptocurrencies.