Nigerian public institutions are in a climbing race on a mountain of corruption. Each year in the race, the competitors fight hard to get ahead, consequently earning themselves distrust from the general public.

The last winner, which has been the notorious title holder over the years, has been usurped by a contender, who since 1999 has enveloped herself in corrupt practices.

A new study released by the Africa Polling Institute (API), a non-profit research institute, has revealed that the National Assembly is the least trusted public institution in Nigeria, NAN reports.

The federal parliament took the infamous honor from Nigeria Police Force which was least trusted in the 2021 edition of the survey. The survey, carried out by API, with support from Ford Foundation, was conducted between the months of May and June.

Nonetheless, the study revealed that there is an increase in the proportion of citizens who believe that Nigeria would be better in the future. On the upside, the survey found that Nigeria’s Social Cohesion Index is at 39.6 percent.

The concept of social cohesion refers to the willingness of citizens of a country to cooperate and work together towards ensuring the survival and prosperity of the country.

Building upon the 2019 and 2021 editions of the survey, the current edition captured the attitudes and perceptions of citizens using 13 key indicators to measure social cohesion in Nigeria.

The indicators include; identity, trust, social justice, participation and patriotism, natural resources, governance, gender equity, impunity, corruption, polarization, peace building, coping strategies, self-worth and future expectation.

On gender equity, the study revealed that 80 percent of Nigerians agree that boys and girls should have equal access to education, while 71 per cent agree that both males and females should be judged based on their qualifications, competence and track records.

API, however, recommended among others that the federal government strengthen existing policies, legislation and institutions that help to create a sense of belonging, promote trust, foster good governance and provide a conducive atmosphere for citizens to thrive and fulfill their life aspirations.

It also recommended that citizens should also discourage statements and actions that can impede the peace and unity of the country and avert conflicts, chaos and civil unrest, especially as the country gears up for the next general elections.

The report further added that there was a need for a national dialogue to help renegotiate the fault lines that currently threaten our shared existence as a nation.

However, the API’s ranking has triggered a fresh concern that experts said it may exacerbate Nigeria’s dented image and dwindling economy. They said lawmakers earning the title of least trusted public institution in a country of more than 200 million people, sends a message that has the potential to spook investors.

How can investors make money with cryptocurrencies? This is one of the most asked questions by crypto enthusiasts today. After numerous stories of individuals who struck it rich by buying during the 2021 crypto market rally, investors refocused their bearings, and now everyone is looking to invest in digital assets.

But what are the most practical ways of making money with cryptocurrency today?

In this post, we will be addressing the top 10 beginner-friendly ways of making money with cryptocurrencies in 2022.

 >>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

10 Best Ways to Make Money With Cryptocurrencies

There is a growing number of ways that you can exploit to make money with virtual currencies, earn passively on crypto you already own and receive free crypto.

Here are the 10 most practical:

1. Buy and HODL new coins – Overall best ways to make money with cryptocurrency
2. Mining – Best Way to Earn Free Cryptocurrencies
3. Day Trade crypto – Make Money Trading Cryptocurrencies
4. Staking crypto – Best Way to Earn Passive Income by Investing in Crypto
5. Play-to-earn crypto games – Earn Free Crypto Playing Online Games
6. Crypto faucets – Make Money Completing Micro-Tasks Online
7. Yield farming and crypto lending – Earn Attractive Rewards and Interest Investing In Crypto
8. Crypto arbitrage – Make Money With Crypto by Taking Advantage of Price Variations
9. Airdrops – Earn Free Cryptocurrencies Effortlessly
10. Create Crypto Content – Make Money Creating Crypto Content

 >>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Top 10 Proven Ways To Make Money Online From Cryptos

In this section, we explain in detail the 10 best ways to make money with cryptocurrency.

1. Buy and HODL new coins – Overall Best Ways to Make Money With Cryptocurrency

Buy, and HODL is one of the most popular and most beginner-friendly crypto investing strategies. It involves buying a digital that you expect will continue gaining value and holding onto it for an extended period – until its value and your portfolio reach unprecedented highs.

For maximum gains when using the buy and hold strategy, we recommend combining it with ICO investing. This refers to the purchase of promising crypto coins or tokens during their initial coin offering (ICO) or investing in them in the early days of launching and riding their run to the moon.

 >>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

2. Mining – Best Way to Earn Free Cryptocurrencies

Mining lets you earn free cryptocurrencies when you validate transactions on the network. To get started, you only need to invest in mining hardware – graphic cards – and download mining software. You then have to make a decision on whether to do it alone or join a crypto mining pool.

Note that mining only works for cryptocurrencies hosted on networks that use the proof-of-work consensus algorithm. Examples of such PoW networks are Bitcoin, Litecoin, ZCash, and Ethereum (though it is set to transition to the proof-of-stake algorithm in the coming months).

At the moment, for example, you will earn approximately 6.25 BTC and 12.5 LTC when you confirm one block on the Bitcoin and Litecoin blockchain, respectively. 

3. Day Trade Crypto – Make Money Trading Cryptocurrencies

Day trading is the art of buying and selling cryptocurrencies actively. It involves buying a digital asset while it trades at relatively low prices and selling it as soon as its value improves. And making multiple such trades throughout the day. In essence, a day trader seeks to take advantage of the volatile price action posted by a specific or multiple cryptocurrencies throughout the day.

But to succeed and make money day trading crypto, you will need expert-level market analysis and trading skills. You will also need access to advanced market analysis and trading tools – possibly an advanced algo-trader if you are a scalper. You will also need to trade on a crypto exchange that guarantees three key features, i.e. fast order execution speeds, deep liquidity, and low trading fees.

 >>>Trade Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

4. Staking Crypto – Best Way to Earn Passive Income by Trading Cryptocurrencies

Staking is one of the easiest ways of generating passive income on your crypto investments. It is one of the simplest ways for long-term crypto investors to make money. It involves committing your idle crypto to a blockchain in exchange for rights to confirm transactions for which you are awarded free tokens in return.

Note that this only works for blockchains that embrace the proof-of-stake consensus algorithm. The most popular PoS networks where you can stake altcoins and earn free tokens in return include Cardano, Solana, and Algorand. The average annual rewards for staking on these platforms currently stand at 4.9%, 6.3%, and 7.20% APR.

In addition to staking on the PoS blockchain, you could also stake on third-party platforms that pay interests. The most popular today are crypto exchanges like Binance and Crypto.com and digital wallets like Exodus and Trust. The best thing about staking crypto is that it lets you earn double – first, you earn free cryptocurrencies in the form of staking rewards and interest. Secondly, you earn when the value of stacked coins appreciates.

5. Play-to-Earn Crypto Games – Earn Free Crypto Playing Online Games

Play-to-earn games are all the rage right now, especially as the concept of a crypto metaverse gathers steam. And they, too, present you with one of the easiest ways of earning free cryptocurrencies in 2022.

Some of the most popular places to make money with crypto by playing online video games include the Decentraland metaverse, Sandbox metaverse, and Axie Infinity. Most of the games in these crypto metaverses make it possible for you to start playing and making money without necessarily making an investment. To make tangible returns on some, say, Axie Infinity, you will need to invest in quality gaming tools – in this case, quality Axies.

Most of these crypto games have also incorporated aspects of NFT into their design. At Axie Infinity, for instance, the Axies are NFTs that can be bred and sold on the Axie Infinity NFT marketplace. You, therefore, make money playing online games and even more when you trade online gaming items/collectables.

6. Crypto Faucets – Make Money Completing Micro-Tasks Online

You could also make money with crypto on online faucets when you complete different microtasks. Faucets, in this case, refer to online platforms and websites that pay you to complete such tasks as watching or clicking on ads and marketing content, completing surveys, participating in focus groups and mock trials, or testing apps and software. For participating in these tasks, you are rewarded with crypto – mostly Bitcoin.

Coinbase – the all-popular exchange – runs a faucet-like program that rewards crypto enthusiasts with free crypto when they learn about different crypto listed on the platform.

Crypto faucets are one of the most beginner-friendly ways of making money with crypto. They do not require an initial investment, and you do not even need crypto trading/investing experience to start earning free cryptocurrencies on any crypto faucet.

7. Yield Farming and Crypto Lending – Earn Attractive Rewards and Interest Investing In Crypto

Yield farming and crypto lending are the two most popular ways of earning above-average returns on your crypto investments. They both work like staking or depositing cash in savings in a main street bank account. The only difference between crypto lending or yield farming to staking or a savings bank account is the former pays higher rewards/interest on crypto savings.

Yield farming, for instance, involves contributing liquidity to a liquidity pool – mostly on the decentralized exchanges and getting paid interest for it. The perfect example of yield farming is contributing liquidity to the Uniswap decentralized exchange and sharing in the fees earned by the pool – based on your liquidity contribution.

Crypto lending, on the other hand, involves committing your digital assets to crypto lending protocol and getting paid interest. In this case, you are essentially loaning other traders and investors your digital assets on the promise that they will pay it back with interest through a third-party crypto lending protocol. Some of the most popular crypto lending platforms include Aave, Compound, and MakerDAO.

Both yield farming and crypto lending ways of making money investing in crypto are rather straightforward and beginner-friendly. Like staking, they too let you earn doubly on your crypto and appeal to long-term crypto investors. How much you make yield farming or crypto lending is dependent on such factors as the amounts involved, preferred yield-farming platform, and farmed/lent cryptocurrency.

 >>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

8. Crypto Arbitrage – Make Money With Crypto by Taking Advantage of Price Variations

You could also make money with crypto by taking advantage of the price difference of a cryptocurrency on different markets or exchanges. It is quite similar to day trading, only that instead of taking advantage of a coin’s price action, arbitrage trading involves leveraging the short-lived price differences for the same asset on two different trading platforms.

Say, for instance, Bitcoin is selling at $40,500 on eToro and $40,600 on Binance. You could buy the one BTC on eToro, where it is priced cheaply, and immediately move it to Binance, where you can sell it for $100 more.

Arbitrage, therefore, involves dedicating time to studying price differences for various coins on multiple markets/trading platforms – and taking advantage of the slightest price differences. Given the often-minute differences in price, you need a significant capital investment so the arbitraging revenue can cover the trading fees and transfer fees and earn you tangible profit.

 >>>Trade Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

9. Airdrops – Earn Free Crypto Effortlessly

In the crypto-verse, airdrops refer to a marketing strategy that involves depositing free crypto “airdropping” to crypto user wallets. This makes it one of the most effortless ways of making money with cryptocurrencies. Some of the most popular crypto airdrops that took place in the recent past are the Uniswap and the APE Coin airdrops.

The UNI token airdrop took place in September, with every digital wallet that had interacted with the Uniswap DEX before September receiving free 400 UNI tokens (valued at $3600 today). The APE Coin airdrop is more recent, taking place in March 2022. The tokens were airdropped to the Bored Yacht Ape Club (BAYC) community – made of BAYC and MAYC NFT holders. These NFT holders were awarded between 2,000 and 10,950 APE tokens, valued between $32,000 and $175,200 today.

There are two primary reasons why crypto networks and protocols airdrop tokens. First, airdrops of a new crypto token may be given out to create and promote awareness of the digital asset and its blockchain network. Secondly, token airdrops are used to create liquidity for a new token and to spur trading when it launches on the crypto exchanges.

There is no standard formula for airdropping new or hard-forked tokens. In such a case, the probability of qualifying for an airdrop often boils down to being involved with the right crypto asset at the right time. You can, however, increase the odds of being considered for airdrops by becoming a crypto influencer, as new crypto always target large crypto audiences.

10. Create Crypto Content – Make Money Creating Crypto Content

You could make money with crypto without actually investing in or actively trading virtual currencies. You could become a crypto content creator, which exposes you to multiple ways of earning crypto. Some of the content creation ideas available to you include being a freelance crypto content writer, vlogger, reviewer, or influencer.

With programming and cryptography skills, you could also join development teams for established and new blockchain networks. Here, you could contribute to creating and editing whitepapers and roadmaps, you could also be paid to write and/or review smart contract codes and design DeFi apps. Or you could join metaverse projects where you can design, create, and sell in-game items and dApps.

Blockchain technologies like Cardano are constantly looking for developers. The emerging Web 3 wave has also created many job opportunities for freelance crypto content creators. And in all these cases, you have the option of choosing to get paid in your favorite cryptocurrency.

Best Exchanges To Trade And Invest In Cryptocurrencies

You now understand the different ways through which you can make money with cryptocurrencies. Notice that while there is no shortage of ways to earn free crypto, some like staking, yield farming, crypto lending, arbitrage, and day trading are only available to crypto traders and investors.

This says that even as you look for the different ways to make money with crypto, you first need to find the best platforms where you can trade and invest in the most upside potential cryptocurrencies. We recommend using:

1. eToro – Best Exchange for beginner crypto investors

eToro has fashioned itself as one of the most beginner-friendly places to trade cryptocurrencies. This is made possible by its quick and straightforward onboarding process, intuitive user interface, the buy cryptocurrency instantly functionality, and rich educational resources.

But this isn’t the only reason why we consider eToro as the best place to invest in cryptocurrencies. Others include its affordable minimum trade limits – as low as $25, support for virtually all the most popular crypto, and the fact that it provides users with free and considerably safe custodial and non-custodial wallets.

 >>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

2. Coinbase – Best Exchange for liquidity

Coinbase features on our list of best places to make money by trading cryptocurrencies because of its deep liquidity. The international exchange processes an average $2 Billion worth of crypto trades daily and boasts of some of the fastest order execution speeds – making it ideal for day trading.

It, too, is also quite beginner-friendly, with a low minimum deposit and trading requirements – from $2 – and also integrates the instant buy feature. Coinbase further provides its users with custodial and non-custodial crypto storage services. We also appreciate its commitment to the security of client funds, seeing that it stores 98% of all client assets in offline vaults and insures the 2% left on hot wallets.

3. Binance – Best Exchange for low fees

Binance makes it to the list of best places to make money by trading cryptocurrencies in 2022 because of the low trading fees that make it appealing to active traders. Here, crypto trading fees start from 0.1% and can drop as low as 0.035% for high-volume traders who use BNB coins to pay for the transaction fee.

Other factors that make Binance the best place to buy and sell crypto include the fact that it is the most liquid crypto exchange. It also maintains some of the fastest crypto order execution speeds and also supports the widest range of crypto assets.

 >>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk. 

Best Crypto Staking And Lending Platforms 

We have already stated hereinabove that staking appeals most to long-term investors, and it helps you earn doubly from your holdings. But what crypto staking and lending platforms have the highest rewards? Here are the top crypto lending and staking platforms:

1. Binance – Best for Flexible Lock Periods

The Binance exchange has morphed into a crypto ecosystem that currently integrates both the crypto savings and staking features that crypto enthusiasts can leverage to earn attractive returns on their long-term crypto investments. We feature it among the best staking platforms because of the flexible lock-up periods and support for the widest range of cryptocurrencies.

2. AQRU – Best Crypto Lender for High Rewards

Aqru is a market leader in the crypto lending space. It is one of the most popular crypto lending platforms, famed for its higher-than-average returns on staked crypto. At Aqru, the interest for staking such popular coins as Dogecoin and Ethereum can be as high as 7% P.A, while that of stable coins and altcoins can rise as high as 12% P.A.

Best Liquidity Pool Contribution Platforms

In addition to staking, crypto lending, and simple day trading/investing, we pointed to yield farming by way of contributing liquidity to crypto pools as one of the best ways to make money with cryptocurrencies 2022. Here are the best yield farms in 2022:

1. Uniswap – Best Decentralized Exchange Staking Platform

Uniswap is one of the most popular and one of the most liquid decentralized exchanges today, with more than $7 Billion in total value locked. It also has one of the most expensive yield farms supporting a wide range of cryptocurrencies.

Here, yield farmers make money by sharing the fees collected on their pools – based on their liquidity contribution. At present, you stand to earn between 20% and in excess of 50% APR depending on the farmed token.

2. PancakeSwap – Best Yield Farm on the Binance Smart Chain

Like Uniswap, Pancakeswap is a decentralized exchange and the most popular DEX on the Binance Smart Chain. It has close to $5 Billion in total value locked, and it too provides crypto investors with a platform where they can earn interest by supplying liquidity.

Just like on Uniswap, how much you make when you contribute liquidity is highly variable. At present, you stand to make between 0.01% and as high as 250% APR, depending on staked amounts and farmed tokens.

 >>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Final Word – Best Proven Ways To Make Money Online From Cryptos

The path to global crypto adoption has exposed crypto investors to multiple ways through which they can make money with virtual currencies.

In this post, we have discussed the 10 most practical ways of making money with crypto in 2022. These are spread between active investment and trading strategies, as well as a growing range of ways through which you can acquire free cryptocurrencies.

For crypto beginners, we would recommend considering crypto staking, liquidity contribution to DEXs, or yield farming on crypto lending platforms. We recommend these because they let you earn passive income doubly – first through rewards and interest and secondly through value appreciation for the staked crypto.

FAQs

How can I make money with cryptocurrency?

There are unlimited ways through which you can make money with cryptocurrencies in 2022. In this post, we have discussed the 10 most common ways of making money with crypto. Go through this list again and find the method that appeals most to you.

What are the easiest ways of making money with cryptocurrency Today?

Among the most effortless and easiest ways of making money with cryptocurrencies in 2022 include participating in crypto airdrops, interacting with play to earn games, and interacting with crypto faucets.

How much will I make staking cryptocurrencies?

There is no standard reward for staking cryptocurrencies. How much you make staking any crypto asset will be highly variable and dependent on such factors as the preferred staking platform, preferred staking coin, and amounts staked.

How can I earn free cryptocurrencies?

There are three most practical ways of earning free cryptocurrencies in 2022. These include playing games on the metaverse, participating in token airdrops, and completing micro-tasks on crypto faucets. Note, however, that the amounts made from these platforms are negligible.

What do I need to start trading crypto profitably?

You need to start by registering with an exchange that is friendly to active traders in terms of liquidity, order execution speeds, and trading fees. You also need to be experienced in market analysis and order placement. And lastly, you need access to advanced market analysis, trading, and risk management tools – and possibly a reliable algo trader.

 >>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Every crypto investor is on the hunt to find the big next cryptocurrency to explode but it’s far easier said than done. Luckily, we’re here to help.Throughout this guide, we’ll be reviewing the next cryptocurrency to explode 2022 end beyond and providing a step-by-step guide detailing how to buy our top pick for a crypto that will explode. Let’s get started.

The Next Top Cryptos to Explode and Grow in 2022 and Beyond

We’ve included a brief breakdown of each of the next cryptos to explode but more comprehensive reviews can also be found in the next section.

1. Cosmos 
2. Fantom 
3. Ethereum
4. Decentraland 
5. Sandbox 
6. Axie Infinity 
7. Bitcoin
8. Chainlink
9. Binance coin 

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Which Cryptocurrency Is Set To Explode?

Despite the market volatility, many cryptocurrency investors remain on the lookout for the next big payoff. Keep reading to learn which cryptocurrencies might explode soon.

If you’re looking to start buying cryptocurrency, you might be wondering which one will bring the biggest potential return. Although bitcoin might be the obvious choice, it’s not necessarily the best one today. Your chances of having a big payoff might be better with a new crypto to buy or a smaller coin that hasn’t already been pumped up by major investors the way bitcoin has done. 

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

A Closer Look at the Next Cryptos to Explode 

Each of these cryptocurrencies has the potential to explode and make a huge return not just in 2022 but for many years to come. Their fundamentals are sound, and adoption could gain traction over time. 

1. Cosmos (ATOM)

Cosmos is overall the best crypto to explode with massive growth potential. It has emerged as one of the most advanced blockchain protocols in the market today. That’s because it is built to help connect blockchains by allowing for the free flow of data across Dapps. 

It is also one of the most advanced protocols in the market. Cosmos Tendermint is a protocol that requires only one block of validators to come together and agree on any given transaction. The algorithm has been specifically designed to be fault-tolerant. This makes Tendermints consensus more reliable than others because there’s no need for lengthy processing times or large groups attempting transactions simultaneously.  

Due to its capability to help the crypto market scale, especially when it comes to Web 3.0 applications, ATOM has the potential to grow exponentially in 2022. 

>>>Buy ATOM Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

2. Fantom (FTM)

Fantom is one of the cryptocurrencies perfectly suited for the fast-growing Web 3.0 economy. Fantom is designed to help developers launch Dapps in a reliable, low-cost, secure, and high-speed environment. 

Fantom is increasingly growing in popularity because it is compatible with the Ethereum blockchain. This is a big deal because Ethereum is the largest Dapps platform in the market, and its dominance is not going away any time soon. In essence, allowing Ethereum Dapps developers to run their Dapps on a more efficient blockchain could drive up the value of FTM in 2022.

This coupled with the fact that key growth markets like DeFi, are gaining traction, makes FTM one of the most potential cryptocurrencies to explode and grow. 

>>>Buy FTM Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

3. Ethereum (ETH)

Another crypto is set to explode in value is Ethereum. It is the number one platform blockchain in the market, and its dominance could go even higher in 2022.

That’s because a lot of the competition that was capitalizing on Ethereum scalability issues has been shown to have flaws. This has to a large extent, increased developer and investor faith in the Ethereum blockchain. 

Besides, the shift to the more efficient and scalable Ethereum 2.0 is almost complete. This means most of the scaling issues that Ethereum faces today are about to end. 

Ethereum 2.0 is also making Ethereum deflationary, which means the more the network is used, the more ETH is burned. 

A combination of these factors makes Ethereum a top trending crypto and one of the highest potential altcoin to buy today. 

>>>Buy ETH Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

4. Decentraland (MANA)

Decentraland is a Metaverse platform that has grown strongly in popularity over the past year. 

In 2021, Decentraland made history when a virtual land worth $2.4 million was sold on the Decentraland platform.

Since then, a lot more land has been sold on the Decentraland platform, most of it worth upwards of $100k. Recently, Samsung built a virtual store on Decentraland, a pointer to how big the Decentraland Metaverse has become. 

With the excitement around the Metaverse growing, MANA has lots of prospects going forward. It is undoubtedly a high-potential cryptocurrency in 2022. 

>>>Buy MANA Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

5. Sandbox (SAND)

Sandbox was one of the best performing cryptocurrencies in 2021. Most of its gains were towards the end of the year, driven by the launch of a new play-to-earn game called Alpha. 

Similar factors are likely to keep driving up the value of SAND in 2022. That’s because there are more play-to-earn games coming up on the Sandbox Metaverse in 2022. If the impact that Alpha had on Sandbox keeps repeating, then there is every reason to believe in SAND as an investment. 

On top of that, there is a lot of hype around the Metaverse, and it is only likely to get stronger. This puts SAND among the top most potential cryptocurrencies to explode. 

>>>Buy SAND Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

6. Bitcoin (BTC)

Bitcoin can’t miss among the most potential cryptocurrencies to explode again. That’s because it is the market leader and pretty much determines the overall cryptocurrency market direction. 

Besides Bitcoin being the largest cryptocurrency, it also leads the rest of the market in adoption. Bitcoin is so adopted that even countries are taking it up as legal tender – El Salvador leads the way.

Institutions have also taken up Bitcoin with a lot of enthusiasm. Companies like Microstrategy and Tesla now hold billions worth of Bitcoin, and many more are buying up Bitcoin through ETFs. 

All this is happening against a tiny supply of Bitcoin that is capped at just 21 million BTC. When you put all these factors together, BTC stands out among the top potential cryptocurrencies to increase in value. 

>>>Buy BTC Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

7. Axie Infinity (AXS)

Axie Infinity is one of the best altcoin to buy as the digital asset has the potential to explode in Value.  AXS was one of the best performing cryptocurrencies last year. This had a lot to do with the hype around the Metaverse and the fact that Axie Infinity has a lot going on within its ecosystem.

For instance, Axie Infinity has been investing in increasing its Metaverse ecosystem’s depth. In 2021, Axie Infinity announced that it completed a funding round where $150 million was raised.

Since then, Axie Infinity has achieved a lot in new product launches. With more play-to-earn games coming up on the Axie Infinity Metaverse, AXS can’t miss among the best crypto to consider.

>>>Buy AXS Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

8. Chainlink (LINK) 

From a fundamental perspective, Chainlink is one of the strongest cryptocurrencies in the market today. This has a lot to do with its dominance in its core market. Chainlink dominates the decentralized data oracles market by over 60%. This is a big deal because as this market grows, so will Chainlink’s prospects as an investment. 

Besides, there are lots of growth prospects in its core market. Chainlink is all about connecting real-world data to smart contracts. In essence, as smart contracts increase in number, so does LINK’s potential. With DeFi and NFTs on a growth trajectory, LINK is set to explode. 

>>>Buy LINK Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

9. Binance coin (BNB)

Binance coin is one of the most stable cryptocurrencies in the market today. And it has the most potential upside due to its mix of fundamentals and value growth. It is the cryptocurrency that powers the multi-billion dollar Binance ecosystem.

However, the biggest factor likely to drive BNB is the coin burn. This is the primary factor that has helped push BNB higher since its launch. It is also the key factor that could see the Binance coin rally even more, now that its adoption has its highest levels ever. 

Besides, with Binance constantly launching new products that add value to the Binance ecosystem, the value of BNB can only go up in the long run. 

>>>Buy BNB Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How To Spot the Next Big Cryptocurrency

Before figuring out which cryptocurrency might be the next big winner, it helps to understand why so many investors are gravitating toward cryptocurrency in the first place. Aside from the above cryptocurrencies, many others can emerge big winners in 2022. The big question now is, how do you determine potential winners?

While there is no sure way to determine winners, there are steps you can take to increase your odds of winning. Some of them are as below:

Look at the tech

Cryptocurrencies are not only a way to trade goods and services; they also serve as an investment vehicle. The value of Bitcoin accumulated over time because people saw its potential in its tech as a blockchain pioneer. 

Similarly, Ether can be used on the Ethereum Network, which is the world’s largest decentralized programmable computer.  

Both of these two cryptocurrencies have succeeded because the tech is strong. Using the same approach, focus on cryptocurrencies that have strong tech for you to succeed. The stronger the tech, the better the odds of success. 

The magnitude of the market the cryptocurrency represents

All new technology means that society will change in some way. The changes can vary from big (like smartphones) or small ones such as 3D printing for manufacturing industry professionals. 

In crypto, the bigger the change that the crypto can bring to the market, the higher its potential to perform well over time. Even in the past, cryptocurrencies that have a big potential market are the ones that have performed well. In essence, focus on the potential market size before investing in any cryptocurrency.

Look at the potential rate of adoption

Before investing in a cryptocurrency, it is important to look at its adoption rate and the potential for more adoption. The best cryptocurrencies are those with a high level of adoption and have the potential for more adoption. For context, Ethereum has grown to become the number one Dapps platform because it is decentralized and highly secure. 

Essentially, anyone who wants to launch a Dapp is sure that Ethereum will never go down, and curtail the operations of their Dapp. This is a factor that could see Ethereum keep growing in value over the years.

By applying the same principle to other cryptocurrencies, you can find other high-potential cryptocurrencies not just for 2022 but for many years to come. 

Consider the price 

It’s not just the price of a token that matters. How much you’re willing to invest also plays an important role in determining which tokens are worth your time and money, especially if there is more than one project available with similar features but varying prices – some may be cheaper while others cost more per piece. 

If you are low on capital, it would be best to go for cryptocurrencies trading in pennies or around a dollar. This helps you get more units of a cryptocurrency, a factor that can help you make more if the price moves significantly in your favour. 

Besides considering the units you can get, it is important to also consider your objective out of cryptocurrency investment. 

If you are a short-term investor, then you should wait and only buy when the price is down. This increases your odds of making a profit once the price goes up. However, if you are investing long-term, the price cycles don’t really matter. That’s because, in the long run, prices are likely to go up, making you a winner regardless of the time of purchase. 

For context, anyone who has withstood the multiple Bitcoin dips since launch is in massive profit at the moment. 

Consider the coin supply

The coin supply is an important metric when investing in cryptocurrencies. As a rule, always go for cryptocurrencies that have a fixed supply. Even better, go for coins that have a very low supply. 

The rationale is simple economics – when the quantity of a commodity is low and demand rises, the price goes up. However, when there is an infinite or a substantially large amount of a commodity, buyers can easily access it without pushing up the price.

To understand the importance of token supply, the top cryptos, Bitcoin, Ethereum, and BNB all have a pretty low supply. The exception to the rule is Dogecoin which has a pretty unlimited supply. However, you must understand that Dogecoin has Elon Musk constantly pushing it. An inflationary cryptocurrency without a similar advantage as Dogecoin may never go up in price.  

Look at the transaction volumes

The crypto market is a competitive one. It’s important that the coin or token you are investing in has liquidity so your investment can be easily converted back into fiat currency without too much hassle and lost value.

Besides the ease of converting back to fiat, high-volume cryptocurrencies also tend to be safer. The crypto market has a lot of pump and dump scams that capitalize on the unregulated nature of the market. In most cases, it is the low-volume cryptocurrencies that are prone to such schemes.  

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Virtual currencies are highly volatile. Your capital is at risk.

Conclusion

Throughout this article, we’ve looked at some of the most potential cryptocurrencies primed for explosive growth. There are lots of them, such as SAND and MANA, that have a lot of upside potential. These two are targeting an aspect of the market that is taunted to be potentially worth trillions of dollars.  You might also want to consider ATOM and FTM for their potential to take over the Dapps market and lead the Web 3.0 revolution. 

Thousands of other cryptocurrencies can give you incredible gains in 2022 and beyond. However, due to the high number of scams in the crypto market, you need to research before committing money to any cryptocurrency.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.