The list of cryptocurrencies available in the market today is growing, and we are getting to see more coins come onto the scene. If you are just looking to enter the crypto space, whether as a bettor looking for the best stats March Madness or trader looking to improve their wallet, spotting a promising cryptocurrency will help plenty.
With that, you can enter early when it is still affordable and watch your money grow as it becomes popular in the space. In that case, after thorough research, we have collated five promising cryptocurrencies for you to choose from.
Terra
Whenever you choose or want to determine a new cryptocurrency to buy, you must consider several projects that offer protection against a bearish market. In most cases, when Bitcoin goes down, it typically takes the border market down with it. However, some digital assets have a way of outperforming bearish markets. And one of them is Terra.
Terra uses a protocol that helps stabilize the coin, and they are attached to the US dollar and Japanese yen. When you use the Terra platform, you can earn rewards via voting and staking in the future of the underlying protocol through governance.
Shiba Inu
The story of Shiba Inu is one for the ages. At the start of 2021, the coin was priced at about $0.000000000078, and in November 2021, it rose to a high of about $0.0000312. As a result, the coin did almost 40 million% in less than 12 months of trading, making it one of the most lucrative digital assets at the time.
Although we might not see that kind of gain again, the coin still has plenty of potential. In addition to the consistent hype the coin gets from the broader market, Shiba Inu is featured on all the major exchanges. As a result, it has resulted in a daily trading volume of about $3 billion.
Luckyblock
Luckblock is a digital asset looking to revolutionize the worldwide lottery industry. The system decentralizes the lottery process through blockchain technology. The base concept, in this case, is that everyone can join in on lottery games from the comfort of their homes. And they won’t need to go to a centralized operator.
In addition, all gaming functionalities are carried out and governed by smart contracts, ensuring that every lottery game is provably fair. The coin is still in its pre-launch stage, making it perfect for investment.
Yearn.finance
One of the most valued digital assets in the world today is Yearn.finance. It is a decentralized platform that specializes in cryptocurrency-based financing. The platform simply connects investors with borrowers, creating a truly decentralized financial system.
As a result, the token has been on a steady, and recently it did 320%, rising from $22,000 per token to $93,000. In the period where Bitcoin has relatively stayed stagnant, Yearn.finance has grown 86%, and it continues to show promises of a bullish market.
PancakeSwap
PancackeSwap is a massive decentralized exchange platform with exponential growth. In that case, you should consider buying PancakeSwap, a relatively new token in the digital asset world. The asset powers the platform that enables users to buy and sell tokens without any third party.
In addition to that, it serves as the go-to platform for any newly launched cryptocurrency built on the Binance Smart Chain network. In addition, the platform already has millions of active traders with billions of dollars worth of locked liquidity. The platform has also entered other markets like crypto staking and farming. The low price point of the coin also makes it perfect for newbies.
Conclusion
A lot can happen over the year. However, if you do not want to miss out, these digital assets in this guide are the ones you should be on the lookout for, especially Luckyblock since it is yet to enter the market. One of the best things to do in the crypto space is to enter early. So, try to check out the tokens we mention and pick those that work for you.