Cryptocurrencies for investment, NFT games and more
Cryptocurrencies to invest in that could make you rich in 2022
Although the digital currencies market has seen a myriad of ups and downs in 2021, there are some options for investing for the long term. Here are some of the cryptocurrencies to invest in 2022.
If you are one of those who follow the variations of digital currencies you know that it is complicated to guess when they will go up or down. Especially if you want to know which are the best cryptocurrencies to invest. However, it is not an impossible task, since there are some indicators that help us to decipher it.
Certainly, getting rich from one moment to the next, without counting on luck is simply impossible. This is because chance is a fundamental element of this business. In addition, in the end, most of us are driven by intuition.
In any case, the experts have elucidated which currencies are going to rise. Either because of their adaptability, their transaction possibilities or simply because of their history in 2021. Let’s see which are the cryptocurrencies to invest with the greatest potential:
- Bitcoin: It is one of the most valued digital currencies. This gives it several points in its favor. However, it presents adaptation problems. This produces uncertainty among those who do not believe it can grow. However, its reign is undisputed.
- Ethereum: It has long-term utility, since it supports transactions of up to 20 transactions per second. According to experts, it will remain in second place, but its growth will be restrained.
- Polkadot: This is a generation 3.0 cryptocurrency that supports more than 160,000 transactions per second. It is expected to grow considerably next year.
- Cardano: Its roadmap is completely green. It is predicted to be the big surprise of 2022 and one of the best cryptocurrencies to invest.
- Chailink: The future of this cryptocurrency is quite promising, as it has recently closed more than 70 new projects.
NFT Games: Proxi, the subconscious exploration game
NFT games never cease to amaze us. But can you imagine turning your memory into NFT? Now it’s possible with Proxi.
If you have ever played Sims you surely remember what it was like to cultivate and recreate the everyday life of virtual characters. Recently the creator of this legendary social simulation game launched his new project: Proxi. A video game of subconscious exploration.
Will Wright, well-known designer of video games such as “The Sims”, is betting on NFT games. In partnership with the Maxis studio, Wright adopted blockchain technology for this project that promises a resounding success.
How does Proxi work? Basically, it is a simulation video game that works with artificial intelligence (AI). It works as a journey of exploration of the players’ subconscious, taking full advantage of digital assets.
To develop the video game, Wright is working alongside Blockchain Forte Labs Inc. The aim of the game is for participants to monetize their memories.
At the height of the NFT gaming boom. Proxi will allow its users to purchase tokens using U.S. dollars. According to an article from Bloomberg source, some NFT packages range from USD 10 to USD 50.
These are the 4 best NFT games to earn money
The advent of non-fungible tokens is revolutionizing the finance market on a global scale. Also the rise of NFT games introduced “play to win” which a few years ago was not even likely.
NFT games reward their players with non-fungible tokens for fighting, completing certain quests, or for doing the grenading. These NFTs are exchanged or sold for other digital currencies and conventional money.
If you are not yet familiar with NFT game options, we have compiled a list of the best and most profitable ones you can find:
- Cryptokitties: This is one of the NFT games for animal lovers. It consists of acquiring, breeding and selling kittens called “Cryptokitties”. Each kitten is unique, since it is an NFT. The game only accepts payments in Ether.
- My Defi Pet: The dynamics of this game is similar to other NFT games such as Axie Infinity. Players breed monsters, fight and breed them and finally sell them. It works with the DPET token and is currently in beta.
- Plant vs Undead: This is a version quite similar to Plant vs Zombie and works on the Binance blockchain. It allows you to choose two roles: landowner, which requires a high investment or gardener which is more affordable. The goal is to collect seeds and then sell them.
- Gods Unchained: The dynamics of this video game is different. It consists of collecting cards whose value is an NFT created in Ethereum. Each card has various characteristics and can be created, bought and, of course, sold.
Know which cryptocurrencies will rise more than 50%.
Recently some cryptocurrencies have increased their value by 300% and more. Analysts estimate that the cryptocurrencies to invest in that will rise in the coming months are the Axie, Terra (LUNA) and Tezos.
As for cryptocurrencies price we have that the Bitcoin reached its highest peak in 6 months, reaching 55,000 USD. This has generated various estimates among experts. The most optimistic expect it to surpass 60,000 USD by the end of October.
The rise of BTC had a positive impact on other virtual currencies such as Shiba Inu (SHIB), which reached more than 320%. Despite this, some analysts dismiss BTC and SHIB, but bet on Axie Infinity (AXS), Terra (LUNA) and Tezos (XTZ). In fact, they consider them the most reliable cryptocurrencies to invest.
The exponential growth of Axie Infinity (AXS) is the recent months was a surprise to everyone, currently trading around $123 is expected to reach a value of $300 before the end of the year. In addition; the cryptoasset expert known as @LomahCrypto claims that Tezos will reach a value above 10 USD easily. According to the expert, another cryptocurrency to invest in is Terra, as it is estimated to reach a maximum rise to 50 USD.
Crypto cars: Generate money with car races
Crypto cars has become one of the most popular NFT games. With just 5 minutes a day, the game allows you to earn cryptocurrencies.
The video game is based on NFT blockchain technology and has many similarities with “Need for Speed”. The aim of the game is to compete in races and sell cars to other players.
To start, it is necessary to acquire cars, whether they are classic, common, conventional, rare or super cars. Each one offers a greater or lesser advantage to win races and obtain tokens called CARS.
In its first week of sale, all the available car models were sold out. The video game attracted the attention of countless users and NFT game enthusiasts.
How does Crypto cars work?
The game economy features two main currencies. The first one is CARS and can be obtained by winning races or by performing bounties. The second currency is the RACE which is used to acquire in-game supplies.
To start, it is necessary to acquire five CARS. After being accepted, the player is equipped with a garage and a free car. With these tools he will generate rewards.
For now, Crypto Cars allows winning up to 30 races. After reaching the limit, a NFT car must be purchased.
Chinese Government restricts investments in virtual currency mining
It’s official, China is relentlessly lashing out against cryptocurrencies and now threatens wider bans.
China’s stance on cryptoassets is forceful and will soon extend to an extreme restriction on virtual currency mining.
The Asian country has added cryptocurrency mining to a list of bans that completely restricts any investment in a specific industry. Whether by Chinese citizens or foreigners.
Let’s remember that very recently China considered as illegitimate any kind of transactions with cryptoassets, as it considers them to be grounds for money laundering and other crimes.
Thus, investors will need approvals to make any transactions, which is not likely to happen. Especially as China takes a radical anti-cryptocurrency stance.
Despite this, the Asian country is testing its own virtual currency. Therefore, some analysts assume that they are simply seeking to eliminate the competition.
It is worth noting that despite the country’s measures, the price of Bitcoin increased a little more than 30%.
Ethereum: One of the best cryptocurrencies to invest in or the most volatile?
The second leading virtual currency in the market, it remains volatile. At the end of June it recorded a colossal plunge of more than $1,500. At the beginning of September it surpassed 3,900 dollars.
By the end of this year, it is not ruled out that it will rise, making it one of the best cryptocurrencies to invest.
Volatility as a rule
Compared to other markets, virtual currencies certainly have high levels of volatility. A striking example of this trend is Bitcoin. In 2021 alone it reached a drop of more than 50% and a rise of almost 129%.
For its part, Ethereum’s volatility is higher, reaching a rise of almost 150% at the beginning of 2021. Although in the cryptocurrency market the above data does not represent a guarantee, the range of volatility of this crypto is a good omen. In addition, it positions it as one of the top cryptocurrencies to invest.
Factors supporting the rise of Ethereum
- More and more companies are validating virtual currencies for their transactions.
- Numerous financial institutions allow investors to set aside a certain percentage of their assets in cryptocurrencies.
- Inflation erodes the value of conventional money and increases the attractiveness of virtual currencies.
Bitcoin surpasses USD 50,000
The Bitcoin hype doesn’t stop. The value of the most valuable virtual currency increased by more than 49,000 USD. Reaching its highest level in almost five weeks.
Although there is no reason that induced the recent spike, some companies such as CoinShares claim that investors continue to invest in virtual currencies. All this in the last eight weeks. Which highlights that Bitcoin remains one of the best cryptocurrencies to invest.
According to a report from CoinShare, investor confidence in cryptoassets is strengthening. Such confidence produced the rise of Bitcoin and other digital currencies such as Ethereum, Solana or Dogecoin.
The firm also noted that certain macroeconomic concerns, such as inflation, are contributing to the Bitcoin’s momentum. In fact, both Bitcoin and other digital currencies are expected to continue to rise in the coming months.
Bitcoin and institutional investors
For now, it is quite likely that some U.S. institutional investors will invest significantly in the Bitcoin and other digital currencies.
Although most may be waiting for prices to come down a bit. Especially those looking to make large investments.
On the other hand, it is also true that many investors and consumers remain wary and refrain from transacting in cryptocurrencies or investing.
NFT Games: Investment Opportunity or Scam?
NFT games, also known as cryptogames, have become an alternative way to generate money by obtaining cryptocurrencies.
Although the popularity of blockchain games spans the globe, countries with unstable economies have the largest number of users. In fact, in many countries they are an important source for supplying the needs of entire families.
How do NFT games work?
To understand how NFT games work, it is essential to understand that NFTs can be pets, objects, tools, plants or any other element related to the theme of the video game.
Once you have NFT, you can reserve them in a wallet while you wait for them to increase in value. You can also sell them at any time you wish.
NFT games allow their users to trade for money while having fun. Profits vary according to the type of game, the amount of money you invest and, of course, the time you spend on it.
What NFT games have in common is that they offer the possibility of earning different tokens, while interacting with the game. These are real winnings that are taken advantage of every day by gamers and enthusiasts all over the world.