Table of Contents
A fascinating aspect of investing in cryptos is watching their value surge when they take off. For instance, Solana increased by more than 10,000% in 2021. Likewise, the Shiba Inu meme token increased by more than 40,000,000%.
The year 2022 hasn’t exactly been as fortunate. As Crypto experienced a bear market, the prices of the majority of the leading coins dropped sharply.
It is hard to predict with absolute certainty which crypto will blow up next. However, we can name a few potential candidates who are utilizing existing trends like decentralized finance, data storage, and electronic payment systems.
In this article, check out the best and new Crypto projects that hold the potential for significant gains in December 2022 and afterward.
6 best Crypto projects to buy in December 2022
#1 Solana
Solana is one of the smart contract ecosystems with the fastest growth. Solana, which has existed for less than two years, entered the list of top 10 cryptos throughout this period.
Solana is the altcoin you should follow and include in your list of the best crypto projects to buy in December 2022 because of its growing blockchain network.
Solana’s fast speed, low fees, and degree of scalability are the primary selling points. Solana is additionally employed for Non-Fungible Tokens (NFTs).
#2 Cardano
Due to the fact that both the Cardano blockchain and its underlying protocols have undergone extensive research and peer review, Cardano is considered one of the most secure blockchains. Cardano’s blockchain is demonstrated by this level of security, which supports its sustainability and encourages investors to include it on the list of the top long-term crypto investments in December 2022 and beyond.
The Cardano development team is working to integrate DeFi, dApps, and Web3 technologies into its blockchain to make it more than sustainable. They have already created an algorithmic stablecoin and integrated smart contract technology.
#3 1inch
1inch Network is a Decentralized Exchange (DEX) aggregator. Users can swap various cryptos on decentralized exchanges by simply linking a crypto wallet. No central entity oversees the exchange, and many DEXs do not require account registration.
Since many crypto investors used DEXs to trade cryptos, decentralized finance (DeFi) became quite popular in 2021. When using DEXs, 1inch is an easy approach to get the best out of your crypto. It instantly compares prices on thousands of different platforms to find the best deal for you.
#4 Storj
Storj takes cloud data storage from a decentralized, crypto-based approach. Storj enables anyone to run a storage node with their unutilized hard drive space, unlike conventional cloud storage providers, who have their personal data centers.
STORJ tokens are used as payment for running a storage node. As a result, Storj is a good option for anyone with the necessary hardware and who wants to generate passive revenue.
The need for data storage will only continue to grow, and Storj’s central selling point is that it provides a high-quality product. As a result, it has received overwhelmingly favorable evaluations as a storage service.
#5 RobotEra
One of the most popular crypto presales now on the market is RobotEra. It is a brand-new crypto project. It is a metaverse game that provides a dynamic virtual environment where players can design their robots, participate in a battle with one another, and win prizes in the form of NFTs.
The first presale for this crypto project was incredibly successful, raising more than $300,000 in just the first week. The presale has raised $391,000 of its $1.8 million goal, and the project’s native token, TARO, is presently trading for $0.020. TARO is expected to rise to $0.025 in the second presale.
#6 Basic Attention Token
Most people wouldn’t mind getting paid to surf the internet. This is absolutely possible with the Basic Attention Token.
All you need to do is simply download and install the Brave browser from the company’s website. This browser replaces standard internet advertisements with ones that reward you with BAT. By using Brave, you, instead of other companies, will be rewarded for the views of your internet advertisements.
Brave is one of the most successful crypto projects to date, but it still has to travel a long journey to travel before it can compete with the top online browsers. Currently, it has more than 50 million monthly active users.
Bottom line
The crypto market has recently been struggling. That does not imply, however, that there has not been much growth in the space. The projects mentioned above look promising and have the potential to pay off handsomely in the future. However, before investing in a project, it is crucial to Do Your Own Research (DYOR).
Happy trading!
Frequently Asked Questions
What Are The Best Cryptocurrencies To Invest In?
The best cryptocurrencies to invest in would be the ones you study and analyze in detail. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and many altcoins such as Tron, Ripple, Litecoin, etc.
How Many Cryptocurrencies Are There?
There are over 5000 other digital currencies available on the internet in addition to Bitcoins. The only problem is that they haven't gotten the users' attention. Besides Bitcoins, a few other digital currencies have gained popularity among users. It's been more than ten years since Bitcoins were first released, and now they've achieved new heights thanks to their phenomenal success.
Is Mining Cryptocurrency Legal?
Cryptocurrency mining can be time-consuming, expensive, and sporadically profitable. Mining has an appeal for many cryptocurrency enthusiasts as miners are paid directly with crypto tokens for their efforts. The legality of cryptocurrency mining is dependent on where you live. In India, there is no restriction on crypto mining.
How To Invest In Cryptocurrency Stocks?
Cryptocurrency can be purchased in two ways: through mining or exchanges. The process of confirming and adding transactions to the blockchain public ledger is known as cryptocurrency mining. Cryptocurrency exchanges are another option. Exchanges make money by charging transaction fees, but there are alternative platforms where you may communicate directly with other cryptocurrency traders.
How To Invest In Cryptocurrency?
There are two ways of investing in cryptocurrency, mining and via exchanges. Cryptocurrency mining is considered the procedure of verifying and adding transactions to the blockchain public ledger. Another option is via cryptocurrency exchanges. Exchanges generate money by collecting transaction fees, but there are alternative websites where you can interact directly with other users who want to trade cryptocurrencies.
What Is Virtual Currency?
Virtual currency is a type of uncontrolled digital currency that can only be used online. It is exclusively stored and transacted using designated software, mobile or computer applications, or unique digital wallets, and all transactions are conducted through secure, dedicated networks. Because digital currency is just currency issued by a bank in digital form, virtual currency is not the same as a digital currency. Virtual currency, unlike ordinary money, is based on a trust structure and cannot be issued by a central bank or other banking regulatory organization.
What Is Crypto?
Crypto or a cryptocurrency is a digital currency protected by cryptography, making counterfeiting and double-spending nearly impossible. Blockchain technology is used to produce cryptocurrencies (a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are distinct in that a government does not issue them. The word "cryptocurrency" refers to the encryption methods employed to keep digital currencies and the network secure.
Is Cryptocurrency Banned In India?
No, cryptocurrency is not banned in India. India has seen its ups and downs in the crypto sector concerning its legal status. The Reserve Bank of India (RBI) issued a circular in April 2018 advising all organizations under its jurisdiction not to trade in virtual currencies or provide services to assist anyone in dealing with or settling them. A government committee proposed outlawing all private cryptocurrencies in mid-2019, with up to ten years in prison and severe penalties for anyone dealing in digital currency. The Supreme Court overruled the RBI's circular in March 2020, allowing banks to undertake cryptocurrency transactions from dealers and exchanges.
What Is Cryptocurrency?
A cryptocurrency is a digital currency secured by encryption, due to which chances of activities such as counterfeiting and double-spending taking place get close to impossible. Cryptocurrencies get created on blockchain technology ( a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are unique in that they do not get issued by any central authority. The term "cryptocurrency" comes from the encryption techniques used to keep digital currencies and the network safe.
Are Cryptocurrencies Legal In India?
In India, cryptocurrency is legal, and anyone can buy, sell, and trade it. Because India lacks a regulatory system to regulate its operations, it is presently uncontrolled. According to the Ministry of Corporate Affairs, companies must now document their crypto trading/investments inside the financial year.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
