Winter 2022: How to invest in cryptocurrency now?

advertisement

So far, 2022 has not gone according to plan for all crypto investors. Big coins like Bitcoin or Ethereum and bullish altcoins like Solana or Avalanche have both tumbled into the red in recent months, and there are no signs of prices hitting old highs in the near future.

However, investors should not hang their heads now, as some cryptocurrencies must find hope now. With the following assets, there is a good chance that the current Crypto Winter 2022 will eventually end up with a huge advantage.

1. DeFi Coin (DEFC)

If you look at the path of DeFi Coin (DEFC), you might think that the native token of the decentralized exchange DeFi Swap is completely unaffected by the current crypto winter. About three months ago, the price of the DeFi coin was just over 0.09 €, and now we are talking about values ​​\u200b\u200bof 0.36 € – 300% profit.

The secret behind the remarkable success of DEFC lies in the unique structure that makes DeFi Coin a private cryptocurrency. With a fee of 10%, which is charged for each transaction of the token, the developers of the digital currency are creating two features.

On the other hand, high costs prevent day traders who are primarily responsible for high volatility due to short-term trading. On the other hand, not only is the price stable, but the long-term DEFC holders are also rewarded with fixed bonuses for each individual trade.

Buy DefiCoin

In fact, half of the 10% fee is shared among all DeFi coin holders, with the number of tokens you receive depending on the percentage of all available DEFC you already own. As a result, your stock of DeFi coins increases automatically with each cryptocurrency trade, which can promise high returns in the long run.

The developers have also thought about the risks of inflation, after all, the total supply of DeFi coins must be limited in order for there to be an artificial shortage. Therefore, DEFC is regularly destroyed during burning, just as team members “burn” entire tokens.

In this way, the developers ensure that the DeFi coin is fully community driven and decentralized. In addition to the fixed rewards, the emerging cryptocurrency also comes with other advantages.

In this way, liquidity is generated automatically with each trade, which goes into different pools for use by the various exchanges. Additionally, token holders can look forward to DeFi Swap usage scenarios, and will soon be able to trade private NFTs with DEFC.

Both the upward trajectory and the way DeFi Coin operates underpin the massive potential of cryptocurrencies. A long-term investment can soon pay off here.

2. ApeCoin (APE)

The Bored Ape Yacht Club is one of the most popular NFT groups in the world. The developers of Yuga Labs recently opened the gates to the “The Otherside” metaverse, which brings together all the NFT chains.

At the same time, ApeCoin (APE) appeared on the market – a native cryptocurrency that is decentrally regulated by the ApeCoin DAO and plays a major role in the metaverse game of play. ERC-20 governance token holders can use the vote to significantly influence the direction in which the APE ecosystem should move.

It can therefore be assumed that the path of ApeCoin will increase in the long term, provided that the famous Bored Ape Yacht Club leads its projects to great success in the future. After the ICO in March 2022, the price of APE increased from 6.60 euros to an incredible 36 euros.

In the meantime, the price has stabilized again to the level of 7 euros, but the potential of ApeCoin is far from exhausted. As BAYC cryptocurrency has proven, it can defy the crypto winter – ApeCoin could also demonstrate that again in the near future.

3. Ethereum (ETH)

Yes, Ethereum is also one of the biggest losers in the general crypto winter. In the past six months, the world’s second largest cryptocurrency has experienced a price drop of more than 50%, but the blockchain network Vitalik Buterin appears ready to return to summer mode.

The Ethereum 2.0 major update was originally supposed to be completed by June 2022, but the merger is now back in the third quarter of 2022. It will completely revolutionize the platform best known for its smart contract technology, as the new beacon chain aims to manage the shift from a proof-of-concept algorithm. Work to Proof of Stake.

This not only makes Ethereum more environmentally friendly, but also makes it more efficient and faster. Thus, the biggest problems of the ETH network can soon be resolved, which will give ETH a good boost.

Ether is still priced at €1,850, but increases in value due to the merger seem very likely in the near future.

4. Lucky Block (LBLOCK)

Another cryptocurrency that challenges Crypto Winter 2022 and could see significant increases in value in a few days is Lucky Block Coin (LBLOCK). Over the past month, the price has risen from 0.0017 euros to 0.0023 euros today, an increase of more than 35%.

LBLOCK is used by the Lucky Block Lottery for Crypto to make the grand prize draw. With the first lottery scheduled for May 31, just a few days away, LBLOCK could make the leap in the near future.

Lucky Block is based on the Binance smart chain and wants to make online gambling more transparent and secure through smart contracts. In addition, not only the main winner, but also all other LBLOCK holders win a share of the grand prize – donations to a good cause are also included in each lottery.

Buy BNB on the Lucky Block

Although the Lucky Block Coin has only been in the market since the end of January 2022, the gambling token has already made a name for itself in the crypto scene. Due to record high demand, LBLOCK will go down in history as the fastest growing cryptocurrency ever, underlining the currency’s extraordinary potential.

In addition, the project convinces with a clear connection to the community, which is always informed of the latest developments in the new weekly newsletter. Additionally, the gambling platform recently made a splash with its first set of NFTs, the Lucky Block Platinum Rollers Club – here, NFT holders can expect an exclusive daily draw with great prizes.

In order to be able to participate in the much awaited Lucky Block Lottery on May 31st, you need LBLOCK. It can be purchased directly on buy.luckyblock.com by first linking your wallet to the website.

You can then buy Binance Coin (BNB), which can then be exchanged for LBLOCK on the same platform.

Photography by Atle Mo

Leave a Comment