Over 5,000 cryptocurrencies are currently listed on Coinmarketcap, and there are likely another 2,000 that you are unaware of. Wow, that’s a substantial amount. In that case, which cryptocurrency do you recommend investing in next year, 2022?
In this piece, I’ll discuss the top digital currencies that we think make up a well-rounded portfolio. Keep reading if you are interested in finding the next best crypto to buy or want to diversify your holdings.
Lucky Block (LBLOCK):
One Lucky Block token might not be worth much, but this cryptocurrency has enormous growth potential. Lucky Block is the utility token of a blockchain-based lottery platform with the same name. The platform is built on the Binance Smart Chain.
The goal of the Lucky Blocks team is to develop a blockchain-based global lottery that is open and easily accessible to players. The project is founded on the guiding principles of cryptocurrency, which are openness and fairness. It aims to improve participants’ odds of winning while giving crypto enthusiasts and investors another way to invest in the market.
The lottery system supported by this project relies heavily on the LBLOCK token. Furthermore, all holders will be eligible to win any jackpots offered by the service.
The cryptocurrency exchange platform Sandbox, which uses the token SAND, has been operational since 2011. Digital crypto assets can be created, developed, purchased, and sold in this blockchain-based MMORPG through blockchain games.
It’s a great example of a decentralized platform. To make making money and interacting with cryptocurrencies more fun, Sandbox employs the “play-to-earn” P2E business model. However, there are pros and cons to emphasizing UGC. Such an approach is highly interactive and beneficial to community building, but it also has the potential to disintegrate rapidly.
It will be interesting to see how Sandbox keeps its current users and attracts new ones now that interest in NFTs and the metaverse has begun to wane. Although SAND has a long history and is currently a cheap cryptocurrency, its true worth will be determined by how it performs in the face of future challenges.
Despite its low price, Tron is one of the largest cryptocurrencies in the world, ranking within the top 15 cryptocurrencies by market cap on CMC at the time of writing. Initially introduced as an ERC-20 token, TRX is now exclusively used on its network.
It is compatible with the blockchain technology used for smart contracts, dApps, and other decentralized applications. As a decentralized application (dApp) deployment platform, Tron aims to compete with Ethereum. The scalability of the Tron network, which can process up to 2,000 transactions per second, makes it ideal for developing apps with high volumes of user-generated content.
The TRX token can be used in dApps built on the platform, and it is used to incentivize content creators. Being a mature and well-established platform, Tron has found its place in the market and is constantly improving with new releases. The network’s use of the delegated proof-of-stake consensus algorithm (dPoS) makes it faster and more energy-efficient than competing initiatives.
Dogecoin Price Forecast: Is It Worthwhile To Invest In Dogecoin?
Dogecoin (DOGE) has lost more than 60% of its value since the beginning of 2022 and more than 90% from its all-time high in May 2021, as have most other cryptocurrencies in 2022. Despite this, it is still among the biggest cryptocurrencies in circulation. Let’s look at some dogecoin price forecasts from 5 October 2022 and learn more about the coin simultaneously.
Dogecoin price predictions:
Now, check out some dogecoin price forecasts from 5 October 2022. Remember that predictions of future prices are notoriously inaccurate, especially for an asset class as volatile as cryptocurrency. Not only that, but many algorithm-based long-term price predictions for cryptocurrencies are highly volatile.
At the time of writing, a technical analysis conducted by cryptocurrency data service CoinCodex indicated that sentiment was neutral, with 15 indicators sending bullish signals and 14 sending bearish signals. The site’s short-term 2022 dogecoin price prediction was also ambiguous, suggesting that the coin could have traded up to $0.066455 by 10 October and $0.062257 by 4 November.
Experts have made a doge price prediction using historical data, suggesting that one dogecoin’s value could be anywhere from $0.0658 in 2022 to $0.15 in 2023 and $0.26 in 2025. In 2030, DigitalCoin predicted that the average price of a dogecoin would have increased to $0.90.