Want to know the best cryptocurrencies to invest in 2022? If you had invested in Bitcoin or Ethereum a few years ago, you would be sitting on a multi-million-dollar fortune. The reason for the massive explosion of Bitcoin and Ethereum is that few people knew about them at the time. Over time, their price increased many times over as people embraced them. It has become quite complex to find crypto-currencies that will experience an exponential increase in price like Bitcoin or Ethereum did a few years ago. However, it must be acknowledged that some blockchain projects are managing to pull their weight. By innovating in the ability to speed up an exchange network, reducing transaction costs, or allowing blockchains to work with each other.
In this video, we're going to share with you 3 crypto that we think are going to have a massive explosion in the next bull run. And the best part is that these cryptos have fallen sharply due to the bear market, giving you more chances to buy tokens at a low price.
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The very first crypto on our list is Solana.
Solana is a blockchain platform designed to host decentralized and scalable apps. It is a cryptocurrency that will grow well as long as there is a need for decentralized apps.
Solana claims to be the fastest growing blockchain and crypto-currency ecosystem in the world, with over 400 projects covering DeFi, NFT, Web3, and more. It is currently the most likely Ethereum killer with a competitive platform and low transaction fees. Solana is currently the blockchain best positioned to compete with Ethereum.
Although Solana is relatively new, this cryptocurrency is gradually gaining a solid reputation in the market.
Based on innovative technology, it is promoted to high scalability, and the speed of its transactions is particularly appealing. Just like buying Ethereum, it represents an excellent opportunity to diversify one's cryptocurrency portfolio and trade safely. The number of tokens in circulation is 260 million while the limit has been set at 489 million by the Solana Foundation.
If SOL tokens are on the rise, this does not exclude the risk of volatility. Indeed, as with all cryptocurrencies, it is necessary to hedge as much as possible against the risks. To do this, we recommend the Buy and Hold strategy, which consists of buying SOLs and holding them for several months or even years. This is the same strategy as buying a stock.
There are many reasons why you should invest in Solana. Solana has innovative technology, fees and taxes are fixed, transfers are extremely fast and the network is stable.
Now, there are many reasons why we think Solana can help you become a millionaire.
Solana has gained enough traction to compete with the biggest players in the cryptocurrency market, but it still has a lot to give to offer great growth.
Solana also shares many similarities with Ethereum. Both networks are smart contract platforms that can host projects such as decentralized financial apps and non-fungible token markets (NFTs).
However, Solana has one major advantage over Ethereum: its speed. While Ethereum can currently process about 15 transactions per second, Solana appears to have the potential to process up to 65,000 transactions per second. Because of this speed, many developers have flocked to the Solana network, making it the fastest-growing blockchain ecosystem.
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For investors considering Solana in 2022, be sure to consider it as a medium to long-term investment. Even more so than other cryptocurrencies, which are already volatile by nature, Solana is likely to experience large fluctuations. But if it can solve its security issues, it has the potential to rival some of the best cryptos on the market. That's why Solana is your first crypto to invest in if you want to become a crypto millionaire.
The next crypto project that we believe can help you become a millionaire is HEX.
Hex Coin (HEX) was designed by Mr. Richard Heart in 2019 to become the very first certificate of deposit (CD) in circulation within the cryptocurrency market. By convention (in banking), the CD provides a return that is usually just a little bit higher than the average savings account for the customer after the customer strikes an agreement to lock up the funds bought for a fixed period.
Hex Coin (HEX) is said to function using a Proof-of-Work (PoW) protocol, that can be devoid of engagement from miners. The project replaces this with a system that allows the holders to mint new coins for holding HEX for the period set in the agreement/contract.
Hex crypto seems to have a positive vision for the crypto-currency market in 2022. It features a revolutionary product that is currently attracting a large number of investors. Moreover, it has been built based on Ethereum and is part of the ERC20 tokens. This benefits the crypto to facilitate its evolution in the virtual currency market. While Hex Coin’s business model, practices, founder, and marketing may come across as questionable, there’s little question that HEX has made very profitable returns for some investors. But caution is advised. For those that feel they can afford the loss should things go wrong, however, it might be time to start looking at HEX a little closer.
Now, the last cryptocurrency on our list that we believe can help you become a millionaire is Velas.
VELAS takes the challenge of AI and possible compatibility with Ethereum while working with part of the source code of Solana. That's an interesting cocktail, right?
Velas is trying to become bigger, better, and faster than Solana. It is simply the fastest EVM chain compared to the upcoming ETH 2.0. It is the fork of Solana, the mainnet that was launched in 2019. They have a growing community, and they offer instant transactions, with the lowest fees in the crypto space.
This is exactly the place where you can easily double your money. Plus, the market cap is under $100 million. That's really crazy.
VELAS is often described as a hard fork of Solana, which is not exactly the case even if it looks a bit like it. The VELAS team explains in its whitepaper that they needed to rely on a platform that offers good performance, so they tested several options and finally chose Solana. VELAS copied Solana's code, changing some small parts and adding some features. In this way, they founded their own blockchain. This one does not run on the Solana blockchain at all, it is an original creation. As you probably know, Solana is a very successful platform, despite some major problems lately. Still, Solana is one of the Top 10 blockchains in terms of market capitalization and is one of the strongholds of the crypto world.
One of the very important features of VELAS is that among the EVM-compatible blockchains, VELAS is the fastest blockchain in terms of transaction processing. It can process 75,000 transactions per second while being EVM-enabled. Transactions are almost instantaneous and the cost is extremely low. That's really impressive.
At the time of this recording, Velas is sitting on $0.03, which is a relatively low price compared to its ATH of $0.55 which it reached in January 2022. That's nearly 20X if the price goes back to its ATH. And because of Velas' many uses in the crypto space, we're sure the price will reverse once the bear market ends. This is why Velas is your third crypto gem if you want to get rich with crypto.
So, do you think these cryptos will help you get rich? Let us know in the comments below.
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