All of today's major currencies, including Bitcoin, Ethereum, and Binance Coin, have one thing in common: they traded for pennies in their early days.
Their large market capitalization today prevents their values from rising too much in a short period. However, the same cannot be said for some altcoins, which are rival crypto-currencies created after bitcoin's popularity. In today's video, we will cover the Top 3 currencies that can make millions. Make sure to watch this video to the end, so you don’t miss anything.
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The very first crypto to invest in if you want to get rich is Polkadot.
Polkadot is a digital currency that, although recent, is making its way. Created by the co-founder of Ethereum, it is based on a simpler and more accessible operation. While it has seen multiple fluctuations throughout the year, one wonders what the future of Polkadot is for the end of 2022 and the years to come.
The main reason why we are so optimistic when it comes to Polkadot is that Polkadot has set itself the mission of creating the internet of blockchains, a WEB 3.0 in which various blockchains could connect while benefiting from fast transactions and lower costs. The ambition is clearly revolutionary. Polkadot would then be the level 0 platform of cryptocurrency, the hub of crypto if it really managed to connect the various ecosystems or blockchain networks that exist.
Polkadot's goals, procedures, and team suggest that DOT can become major crypto.
Many media outlets and cryptocurrency-influenced websites have their eyes on the evolution of Polkadot and its network of parachains and have been able to gauge its relevance.
Cryptoslate is already calling Polkadot "The blockchain of blockchains", without forgetting to name the freshly installed competition such as Aptos and Sui. The media is no less optimistic about the possible success of Polkadot in terms of the scalability and interoperability that it promises to all blockchain users.
In its analysis, Cointelegraph considers Polkadot to be a network with stable activity. This is reflected in the volume of DOT exchanges, which remains consistent over time. The media outlet acknowledges, however, that DOT's value is now far removed from its ATH, and that Polkadot will need to attract some very serious projects if it is to build its network of parachains.
Forbes believes Polkadot calls for a long-term investment. Its strong initial market cap and solid fundamentals make the project attractive, according to the magazine, but there are still several unknowns that only time can answer.
All these elements give us enough confidence to invest and buy Polkadot.
The next up is going to be BnB.
Binance Coin is the crypto-currency of the popular cryptocurrency exchange site Binance. Originally, it is a crypto-currency using the Ethereum blockchain. It was dedicated to the payment of trading fees on the platform. Its success, popularity, and capabilities gave it a whole new dimension when Binance created its own blockchain: the Binance Smart Chain.
The popularity of the Binance platform, especially among traders, has propelled Binance Coin (BNB) to the podium of the most popular crypto-currencies in terms of trading volume and capitalization.
But does a crypto-currency so closely correlated to a crypto-currency trading platform represent an opportunity in 2022? That's what we'll see in a few moments.
2021 has been very spectacular for crypto and BNB in particular.
BNB simply outperformed the market in 2021. On January 1, 2021, you could buy 1 BNB for $40. Since then, the price has risen above $600. This is one of the most spectacular performances of 2021. But 2022 was very bad for the entire crypto market and BNB took a hit.
At the time of this recording, BNB is sitting on $270 which represents a drop of more than 2X in its All-Time High. But, BnB is a safe bet, set to last and grow for a long time to come. A solid crypto-currency, on an upward slope. We believe that the price of bnb will continue to grow for a long time, at a variable but unquestionably bullish pace.
BnB has advantages on several levels. All payments made with Binance Coin qualify for a 25% discount. This is possible because the platform accepts both tokens and real cash. And if you trade on Binance, you can get discounts when you trade.
If you hold Binance Coin, you can trade it for goods or services online. This cryptocurrency also allows the holder to secure their money, even though this is possible with other cryptos like Bitcoin (BTC). The Binance platform has also announced that its employees will receive a portion of their salary via Binance Coin. Even though no Binance commission is applied at this level, this promotes a flow of tokens, thus reducing the cost of capital.
By running on its own blockchain, Binance Coin (BNB) becomes a full-fledged crypto-currency.
Now, if you're wondering if investing in BNB is a good idea then, know that as crypto-currencies gain in popularity, BNB gains in interest. An increasing number of tokens developed on the Binance Smart Chain are becoming blue chips. So, it's not just a project, but a carrier of projects, especially successful ones. That's why you should invest in BNB if you want to get rich.
And the last crypto on our list that can help you get rich is AVAX.
The Avalanche cryptocurrency has all the potential to become one of the world's best crypto, carrying a solid project that is well on its way to development. This already makes it a viable long-term investment for many investors.
Avalanche's main goal is to provide the same capabilities as Ethereum's blockchain but to solve the main problems of low throughput and extremely high fees. Avalanche divides the three main tasks, transaction validation, money exchange, and execution of "if this, then that" logic into three separate networks. This allows it to process thousands of transactions per second with reduced fees compared to Ethereum.
In addition, computer code written to build smart contracts on Ethereum can be reused on Avalanche, which has contributed to its rapid adoption. In sum, Avalanche is a blockchain used by decentralized application developers that seek to compete with, or even replace, Ethereum by improving transaction speed and reducing fees.
Avalanche is a strong competitor to Ethereum, which it wants to dethrone as the dominant blockchain crypto-currency and is already starting to gain popularity, especially among DeFi projects and crypto games.
Avalanche allows developers to use the platform's building blocks to create a standardized blockchain that can be public or private and is application specific. These newly created blockchains are also interoperable and exist on a common blockchain network. Avalanche is an ecosystem of blockchains and can be extended to meet any specific need.
The Avalanche blockchain uses a Proof-of-Stake (PoS) consensus mechanism to provide Sybil protection to the blockchain. This PoS system allows tens of thousands of validators to have a say in the system, ensuring that the network remains attack-resistant, robust, and reliable. Avalanche offers high performance. Avalanche has created a new family of protocols it calls "Snow familly" that allows all chains built on Avalanche to process thousands of transactions per second. It also allows these chains to finalize their transactions in seconds rather than hours. All of this makes AVAX a profitable investment for the long term.
Now, do you think these cryptos can make you rich? Let us know what you think in the comments section below.
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