London, UK, 5th Feb 2022, ZEXPRWIRE, We live in a world of cryptocurrencies where there is no limit to the price one can get. FinancialCentre broker Troy Deloitte says, according to an article on Reddit, someone bought 0.05 BTC at $500 5 years ago and now its value stands at $20,000, which is enough to buy a car.
Troy Deloitte’s aim with this article is to introduce you to a few cryptocurrencies that have great potential and can give you outstanding returns. Some altcoins will give you 100x – 10,000x returns on your investments in the cryptocurrency world. Those coins are what Troy Deloitte will talk about in this article.
The 3 Altcoins to Invest in Right Now 2022:
1)Binance Coin (BNB):
Binance is one of the top exchanges globally, and it pays its trader/holders BNB coin once a quarter.
How to get BNB coins?
Binance has one of the lowest fees on transactions, and you can trade without paying any fee during the first year. You will need to pay in your second year, and the more BNB you hold, the less percentage of fees you will pay, which is 0.05% now.
Binance is growing fast, and it is the world’s most popular exchange right now. It has a $2 billion market cap and $200 million volume in an hour which is huge. BNB coins are also used on other exchanges like ZBG to pay their transactions fee, which means more demand for BNB coins by the day.
The challenges of BNB are that it might not be able to maintain its growth rate because it is growing so fast. Binance has huge competition from other exchanges, trying to capture the market share.
As Binance is the top exchange, there is a big chance that it might add more features in the future and add more investors to its list.
There are a few reasons why you should invest in Binance:
- Binance is one of the top exchanges globally, and it has a huge volume. This means that you can buy and sell cryptocurrencies quickly and at low costs.
- Binance pays their traders/holders BNB coins every quarter. The more BNB coins you hold, the less percentage of fees you will pay on transactions.
- Binance is growing rapidly and has a huge potential to become even bigger in the future.
You should invest in Litecoin if you didn’t buy it when it was below $40. It has been one of the most stable and predictable cryptocurrencies out there.
Litecoin is like bitcoin but with some changes, faster transaction times, and cheaper fees.
There were rumors on Reddit saying that Amazon will be buying Litecoin soon, which could be the catalyst to explode the altcoin.
What are the challenges of Litecoin?
Litecoin might not stay on top for a long time like bitcoin because of the growing competition, hash rates and transaction times. However, it has been very stable for years.
Litecoin has been one of the most stable and predictable cryptocurrencies out there. Litecoin is like bitcoin but with some changes, faster transaction times, and cheaper fees.
It is currently at number 12 by market cap. It has a huge potential to grow to the top 5 cryptocurrencies in 2022. The reason why it has great potential is because of its features which make it unique and better than other coins like; Instant transfer, which takes 2 seconds, Private transfer, which makes it an anonymous and decentralized autonomous organization (DAO) which means that the network is run by a decentralized network of computers around the world.
Dash has huge potential to grow, and if it does, its price will also fly high, making those who invest in it very rich.
What are the challenges of Dash?
Dash has been around for a few years now, but it still hasn’t been added to many big exchanges, so it will be hard to grow as fast as other coins.
Despite these three reasons you should invest in Dash, some challenges might limit its growth: Lack of mass adoption and low trading volume, which means that it might take a long time before your transaction is fully confirmed.
1) Dash is a very stable and predictable cryptocurrency that has been around for a few years now.
2) Dash has faster transaction times and cheaper transaction fees than bitcoin.
3) Dash has the potential to become one of the top 5 cryptocurrencies in the world by 2022. It has unique features that make it better than other coins.
These cryptocurrencies have a great potential to grow in the future. I recommend investing in more than one of them because they are both risky and can be short term investments. You should not invest all your money into cryptocurrencies, but you can gradually build up your portfolio.
If you didn’t buy Litecoin when it was $40, do so now, as this could be your chance.
If you want to invest in Dash or Binance, their price will be much higher and profits greater if you invest now as the cryptocurrency market has been going up rapidly and currently seems like a bubble about to burst.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.