Cheap and Reliable Cryptocurrencies to invest in in the first quarter of 2022

Cryptocurrency is a digital currency that is independent and has proven to be highly profitable. As the years go by, cryptocurrency is getting stronger and popular worldwide. With the rise of meme coins and Bitcoin reaching it’s all-time high ($68,000), the previous year 2021 has shown that anything is possible in the crypto world.

As we are now in 2022 , we might want to consider investing more diligently and diversifying our portfolio. A sudden change of events can send a coin spiraling down whereas a positive event occurrence can also uplift its value. This inconsistent volatility makes cryptocurrencies high-risk investments, forcing regulatory organizations to issue warnings. However, crypto users are still optimistic believing that the potential returns outweigh the risks. We have compiled a list of some cheap and reliable coins that you can invest in for next year.

Dogecoin

Dogecoin began as a joke, but it has since become rather genuine for all of the people who are now earning from it. The coin is still “affordable,” even after the current price has increased by nearly 4,000 % since the beginning of the last year when DOGE could be purchased for roughly half a cent.

It is priced at $0.115. Dogecoin is expected to double in value in this year.

Uniswap (UNI)

Uniswap is a Decentralized App built on Ethereum that allows users to trade Ethereum tokens using liquidity pools. The two primary services provided by Uniswap are Utilization and Liquidity Delivery.

If you’ve been keeping an eye on the charts, you’ve undoubtedly noticed this cryptocurrency rapidly rising. With a market worth of more than $11 billion, it is currently close to the top ten coins.

It is currently priced at $8.55. With more people investing in it, Uniswap is expected to cross $100 within 5 years. It is easily tradable on all top crypto exchanges. The major cause of Uniswap’s success is a secure Decentralized Exchange.

EOS

EOS is seen as a rival to Ethereum, yet the two appear to coexist in the crypto world. The EOSIO blockchain is home to the EOS coin. The EOSIO blockchain, like many of its contemporaries, is intended to allow big transactions in a timely and safe manner.

According to its developers, the platform is quick and scalable, highly flexible, developer-friendly, and secure.

It is currently priced at $1.97 with the potential to go up to $6.6.

BFIC

BFIC is a decentralized cryptocurrency based on third-generation blockchain technology. Its unique selling point includes scalability, interoperability, and sustainability. BFIC is a long-term project and is progressing gradually.

It has a triple-layered architecture which differentiates it from all other cryptocurrencies as it offers high security and rapid transitions with minimal charges. With a total supply of 21,000,000, distributed over 5 years, BFIC is expected to increase in value greatly once the supply is exhausted. BFIC has had a successful IEO and is getting listed on all major exchanges.

BFIC is backed by a fully functional ecosystem that enhances its utility. The ecosystem consists of multiple useful projects. It is currently priced at $25 launched on IEO at a price of 2.4$ few months before . BFIC is spreading like wildfire and is expected to increase a lot in value over time.

Cardano (ADA)

Cardano, a self-proclaimed “green cryptocurrency”. The founder of Cardano, Charles Hoskinson, claims that the entire system utilizes less than 0.01% of energy compared to Bitcoin’s Network and contentious mining process. And, as a result, witnessed an immediate increase when others stumbled.

Its current price of $0.807 falling from all time high of $3.101 in the previous year. Yet Cardano is gaining rapid popularity and is expected to reach $ 4.32 by the end of 2022. One of the major reasons for growth is that many people all over the world are concerned about the harm mining cryptocurrencies is causing to global warming. People are more inclined towards projects that claim to work towards preserving the environment.

Originally published at https://explorelifestyle.com on November 18, 2021.