Which Crypto will be the next 1000X after March 2022?

Cryptocurrencies continue to grow in 2022. Many investors are looking for new investment alternatives and one of the most interesting is, precisely, to invest in cryptocurrencies, which since their creation have experienced a great revaluation that, according to experts, will continue to rise.

In this article, we will talk about the new cryptocurrencies, the best cryptocurrencies to invest in 2022, the most profitable cryptocurrencies so far, and the best way to buy these cryptocurrencies.

The new Cryptocurrencies

The world of virtual currencies never stops and almost every day there are new proposals known as altcoins or alternative coins in reference to the fact that they are currencies that are an alternative to bitcoin.

Just as companies go public on the stock exchange, the same happens with cryptocurrencies. In this world of digital currencies, there are the so-called ICO or Initial Coin Offering, which will remind the stock market investor of the IPO, or Initial Public Offering, which are the IPOs of companies listed on the stock exchange.

ICOs are used to finance business projects and culminate in the birth of new virtual currencies. With the ICO, the company puts new virtual currencies into circulation in exchange for money.

Making money with cryptocurrencies is possible, but you have to know which one to bet on and how to do it. In this sense, there are different ways to invest in cryptocurrencies from trading with cryptocurrencies to mining virtual currencies.

Choosing the right asset and the form of exploitation is key, especially in this virtual world where price volatility is the order of the day, which makes this a very high-risk activity for personal finances.

The best Cryptocurrencies to invest in 2022

What were the most profitable cryptocurrencies last year? Which ones have the largest market capitalization (current price x outstanding supply)? On websites such as Coinmarketcap, you can find extensive listings with all kinds of information. Such information serves to help get an idea of what could be some of the best cryptocurrencies of 2022, although, due to their volatility, only time will tell which coins were born to win and remain in time.

For now, here are some of the best cryptocurrencies ending 2021 and beginning 2022.

In terms of market capitalization, the strongest currencies remain the following:

On the other hand, 2022 promises to be another year in which the technology sector is one of the ones that continue to boom the most. This whole situation has caused online sales, the use of home food delivery platforms, series and movies platforms, etc. to skyrocket, which has caused large technology companies to have a strong rebound in the stock market placing the Technology Sector Equity category as one of the best performers at the level of growth in the stock market.

This may interest you: Is Shiba Inu the next best crypto, is there anything else beyond Shiba?

The most profitable Cryptocurrencies

As the stock market saying goes, "Past Performance Is No Guarantee of Future Results". The evolution of a virtual currency is a good indication of its potential, but that does not mean that it will be the best cryptocurrency to invest in 2022.

Virtual currencies, with price drops of more than 50% on many occasions, are a good example of the way these currencies behave. Is this a drop in price an indication that we should run away from the sector in a hurry? Of course not, what that simply means is that the price was too inflated and the market is naturally driving it towards stabilization.

Which cryptocurrencies are performing best in 2022?

This is a list of the digital currencies with the best future taking into account their potential and evolution up to this point.

Bitcoin

Whether we like it or not bitcoin is still the main cryptocurrency and the best one to invest in. It is the one that sets the pattern of behavior for the rest of virtual currencies. If BTC rises, many coins rise in price and if BTC falls, many coins follow suit.

Although many coins will surely appear that revalue more, especially ICOs, if there is a coin with a future, it is bitcoin.

Ethereum

Ehtereum is the best alternative to Bitcoin as it is the second virtual currency in terms of capitalization. Far from BTC yet and discarded the possibility of it surpassing it as digital money, its strength is in the development of applications around Ethereum.

Ethereum and Ether were already some of the most profitable cryptocurrencies in past years. Also, did you know that cryptocurrencies like Ethereum will be used in the future metaverse? The beloved Facebook now Meta, already has them in mind for the new virtual world.

As for alternatives to Ethereum, the best thing to do is to buy cryptocurrencies based on its technology such as Aragon or Stox.

Ripple

Ripple is another one of the largest coins in terms of capitalization. Even though this is a coin that has grown less than the rest in the last quarter of last year, it has great potential.

Ripple is no newbie coin, as it is 5 years old and is based on a technology that allows up to 1,000 transactions per second, much faster than Bitcoin.

IOTA

IOTA is one of the most ambitious projects in the field of cryptocurrencies. It aims to incorporate virtual currencies into the internet of things and does so by leaving aside the blockchain technology used by most currencies of this type. IOTA is based on Tangle technology, which in theory is much more scalable, faster, and lighter than blockchain.

NEO

Known as the Ethereum of China has its future tied to the decisions that the Asian giant makes about the future of cryptocurrencies. Considering that the Chinese government has already announced greater control over the sector, we will have to wait and see what happens with this cryptocurrency.

Litecoin

Litecoin is one of the veteran currencies in the sector. Created in 2011, it sought to reduce transaction time concerning bitcoin.

As an image of bitcoin, Litecoin's limit is 84 million coins of which there are already about 55 million in circulation.

Reddcoin

Reddcoin or RDD is one of the low-cost cryptocurrencies. It defines itself as a social currency and its use is limited exclusively to social networks.

Reddcoin has its own platform for tipping on social networks and can already be used for this purpose on platforms such as Twitter and Reddit.

How to buy cryptocurrencies?

There are mainly two ways to invest in cryptocurrencies: buying cryptocurrencies or mining them. The first option is the most common and also the most accessible.

Buying a virtual currency is not so different from investing in commodities, for example. What changes is the platform through which the purchase is made. And is that to invest in cryptocurrencies in 2022 there are specialized websites with their own cryptocurrency wallets, which is where the cyber currencies are stored.

Cryptocurrency wallets

There are several types of wallets for storing virtual currencies depending on their operation and security.

In order of security, we recommend the following wallets:

Cold wallets. The cold wallet is a hardware or physical device where coins are stored and is usually not connected to the Internet making it the safest option against theft, but it is also the least practical option when making transactions.

Wallet apps. Wallet applications are software that simulates a wallet and are accessed after downloading the corresponding program to the computer.

Online wallets. These are the most commonly used wallets. They are accessed online through the Internet, without the need to download anything. Their main advantage is that they are very practical when making transactions.

Exchange houses. They are the banks of cryptocurrencies and work in a very similar way to a broker. It is, without a doubt, the easiest way to buy and sell cryptocurrencies that currently exist.

Where to invest in cryptocurrencies, which specific wallet to choose, where can I buy cryptocurrencies?

All this will depend first of all on the virtual currency you want to buy, as not all wallets accept all currencies. With this in mind, below you will see a list of the most popular sites:

Cryptocurrency mining

The second way to invest in cryptocurrencies is by mining cryptocurrencies. In other words, this consists of joining a group of people looking to solve mathematical algorithms that will give you a piece of the digital currency you are mining.

The most repeated question at this point is how to mine cryptocurrencies, what does it take to become a virtual miner?

To begin with, you need a machine, a computer, but not just any computer will do. You need a specialized machine because the more valuable the coin you want to mine, the more power the machine will need, the more electricity it will consume, and the more noise it will produce. Therefore, if your machine is not very powerful or you do not have many machines to mine coins, this activity will not be profitable because you will spend a lot of money on energy that will not compensate for what you manage to mine.

However, in recent times an alternative has emerged to mine cryptocurrencies without a computer and this is mining in the cloud. In this case, what you do is to hire the desired mining power in a mining farm. The higher the mining power, the higher the profits.

So, instead of having equipment at home dedicated to mining cryptocurrencies, you pay to use equipment that is located in various parts of the world and does all the "dirty work" of mining. As expected, the profits will be much lower since you have to pay for the mining service to the Cloud Mining company for the rental of the machines, although knowing how to select a good mining company, you can get good profits.