Crypto can be a minefield, and at times it may feel difficult to know where to invest. After seeing the massive gains in 2021, millions more people have become interested in investing in cryptocurrency. It has been proven that life-changing amounts of money can be made. Understandably, with these rewards come an element of risk; the crypto market is notoriously volatile and dips do happen. The new year started rather sluggishly compared to some experts’ predictions. What is more widely accepted is that 2022 will be yet another landmark year of growth for cryptocurrency.
There are almost countless opportunities in both the short and long term. It is important to maintain a diverse portfolio and nail down a strategy and goals. Some coins, like Ripple (XRP) and Binance coin (BNB) may be long-term holds. Meme coins like Shiba Inu (SHIB) can provide short-term bursts and also suffer from frequent dips. Newcomers like Seesaw Protocol (SSW) offer potential in 2022 and beyond.
Binance Coin (BNB)
BNB is the native currency of Binance, one of the largest cryptocurrency exchanges in the world by trading volume. For this reason alone, Binance coin makes a smart investment; the general health of the crypto market is reflected in the price of BNB.
In 2021, BNB increased by over 1700% from the beginning of the year to its all-time high of $690. It rose to 3rd position on the total market cap rankings, behind only Bitcoin (BTC) and Ethereum (ETH). The transactions fees on Binance are much lower than other exchanges, and BNB is the utility token by which fees and transactions are paid.
Ripple (XRP)
The Ripple network is already used by some banks and offers cheap and fast cross-border payment solutions. These partnerships make XRP a very attractive option and it is believed by some that XRP can provide the link between crypto and existing financial institutions. It is ranked 8th by total market cap despite being plagued by an ongoing court case with the SEC.
XRP’s proponents are confident that this is why the price of XRP has remained relatively low. Considering its real-world usage potential, once the SEC case has concluded or a settlement is reached, many analysts believe the price of XRP could skyrocket from its current price of $0.73 to double figures.
Shiba Inu (SHIB)
Shiba Inu was one of the biggest gainers in 2021. As part of the meme coin phenomenon, SHIB gained over 70,000,000%, making millionaires out of its early adopters. It is not expected to repeat these gains in 2022, but there is still plenty of potential for continued growth.
The SHIB community has proved itself to be fun and inclusive, and most meme coins have fun at the center of their ethos. Shiba Inu remains in 14th place in terms of total market cap and doesn’t seem to be stopping any time soon. For a more short-term investment, despite the inherent risks, SHIB could be a good bet for 2022.
Seesaw Protocol (SSW)
Seesaw Protocol’s presale has only just begun. SSW is its native token and it has plans to be a multi-chain bridge, beginning on the Binance Smart Chain and quickly expanding to Polygon and Ethereum. Enabling its users to conduct cross-chain swaps and transactions is a highly desirable asset and will give holders the chance to swap networks at will depending on the lowest available fees and fastest speeds.
SSW is a token that can be held in the long term whilst being profitable in the short term. Its creators have innovated a 3% buy fee and a 5% sell fee. A portion of the buy fee is distributed amongst existing holders to encourage long-term holding, and most of the selling fee is paired with BNB and added as a liquidity pair on PancakeSwap. The imminent presale provides investors with the opportunity for large short-term gains, and SSW will look to emulate the success of Shiba Inu and others with a huge presale and launch.
Advertising Disclosure:
The following post was written and/or published as a collaboration between Grit Daily’s in-house sponsored content team and a financial partner of Grit Daily. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content that follows is for informational purposes only and is not intended to be investing advice.
