Due to the recent slump, investing in a cryptocurrency might not be the first thing on your mind in 2022. We have curated a list of top cryptocurrencies of January 2022 that you should definitely have a look at.
But you should remember that cryptocurrencies are constantly evolving. With faster blockchains and innovations, many cryptocurrencies have the potential to raise your profits faster than you can imagine.
Top Cryptocurrencies of January 2022
Axie Infinity: The Cutest Currency that is also Generating the Highest Revenues
It is hard to imagine a cryptocurrency based on a renowned game for its cuteness can be so profitable. The in-game currency of Axie Infinity is founded upon the Ethereum blockchain, and it is known as AXS tokens. Once you master the game, you can earn AXS tokens and then trade them in the crypto market for real-world money.
Axie Infinity is a revolutionary platform as it has helped many non-investors, such as young gamers, earn a decent amount of money.
Gala: A Dream Currency for Gamers
Are you a gamer who wants to own and trade trophies, rewards, and DLCs of their game at an international level?
If yes, then the Gala gaming platform based on the blockchain offers you a desirable proposition. As Gala is still in its earlier development stages, it provides the buyers incredible opportunities, e.g., Gala is offering a founder node to its members.
The founder node allows you to support the network with your computing horsepower. Furthermore, as a reward for your contribution, you stand to receive rewards like limited edition game NFTs without paying any money.
Solana: One of the Fastest Blockchain Currencies in the World
In the galaxy of cryptocurrencies, Solana was the brightest shining star in 2021. Solana is more centralized than Ethereum and Bitcoin, making it faster than the other two currencies. It is a dark horse in the cryptocurrency world, and it has been running wild for a long time. But because of a shorter history, it is slightly riskier to invest than other currencies. When writing this article, Solana was experiencing a throughput issue. So, if you are planning to invest over the short term, make sure that the network clogging issue is resolved.
Avalanche: A Cryptocurrency with More Potential Than Bitcoin
For a long time, Bitcoin and Ethereum have remained the kings of cryptocurrencies in the crypto world. But if one currency is rising at a fast rate and poised to usurp the kings, it has to be Avalanche.
Based on its market cap, Avalanche broke into the list of top 10 cryptocurrencies in the middle of December 2021 (with a quick jump of 16%). Although it is currently not rising as quickly due to the current downturn in the market, it is still holding its ground when all other currencies are falling apart. The main reason for Avalanche’s stability is its blockchain’s speed and eco-friendliness, which the investors trust.
According to experts, it is an excellent replacement for Ethereum in the coming years because it provides faster settlements and that too at lower costs.
What will you say if we tell you that a currency has garnered profits of 40,000,000% in less than a year?
Yes, the numbers are mind-boggling.
Shiba Inu has transformed the lives of many of its early investors. Its impact has been so high that Elon Musk tweeted about it.
Ethereum: A Proven Currency with Great Potential for NFTs
Ethereum might be losing out to Avalanche and Solana in the last few years, but it still has a lot to give to its investors. It is the most favored cryptocurrency as far as NFTs are concerned. That is probably the biggest reason it is still relevant despite its slow speed and higher gas fee.
Celer Network: A Speedy Off-Chain Solution for Faster Transaction Speeds
Celer Network uses a different protocol that is created over the top of blockchains like Bitcoin and Ethereum. What it means in everyday language is that Celer Network raises the throughput without compromising the security features of the popular blockchains.
It is suitable for both smart contracts and payments.
The revolutionary use of technology makes the Celer network a worthy candidate for investment.
Celo: A Cryptocurrency made for Every Smartphone User
Celo blockchain has a purpose. Its purpose is to raise the use of cryptocurrency amongst the users of smart mobile phones.
It has a great concept and potential as it targets people without dedicated bank accounts.
On January 4, Celo’s price increased by 12%.
This growth is quite commendable given the fall of other cryptocurrencies during the time period.
Every currency mentioned in the list has its strong point. Figure out that strong point, and depending on your investment preferences, you can decide to invest in your favorite from amongst the top cryptocurrencies of January 2022