Last Updated on October 8, 2022 by cryptocreed
According to CNBC, the crypto market crash has wiped out $2 trillion of safe investments, and this utter chaos has spooked investors. Whether you have invested in Cronos or Bitcoin; the crypto market crash has taken everyone by surprise with this great dip.
So, is it wise to invest in cryptos during this time of uncertainty? If yes, which currencies should you invest in? Here are our top recommendations for some new and already-established cryptos to buy in 2022.
The Bitcoin market cap was at $387.6 billion on September 27, 2022, with a current value of $19,549 per coin. Although the price has decreased by 60% over the past year, comparing its current price to its 2016 value shows a more than 3900% increase.
This means that in 2016, BTC was only worth $500. Bitcoin is, therefore, crypto that has progressed dramatically over the years. No matter which investor you go to, their first preference as a digital passive investment will be Bitcoin.
If the crypto market gets stable over the years, Bitcoin is expected to cross its all-time high price of $68,000 and hit $100,000.
If it’s not Bitcoin, Ethereum is the next best crypto to invest in as it is the world’s second-largest digital currency with a market cap of $162.5 billion in 2022. Even though it has lost 52% of its total market cap from last year ($344.6 billion), this digital currency is expected to bounce back over time.
ETH works on the Ethereum blockchain, allowing the use of multiple use cases and dapps (decentralized applications). Moreover, Ethereum is the first ever smart contract blockchain that includes projects such as lending platforms, insurance protocols, DEXs, metaverse, and others in its ecosystem.
IBAT (Battle Infinity)
Battle Infinity is the first NFT-based fantasy sports game powered by the metaverse. It allows players to create their desired battle team within the metaverse. With its success, Battle Infinity has introduced six products, including Battle Swap – a DEX that acts as a bank in the game’s ecosystem.
Using Battle Swap, you can buy IBAT tokens and exchange your rewards with the cryptos the platform offers. Since Battle Infinity is a Web3 platform, making passive income isn’t limited to just gaming.
The platform has introduced Battle Staking, allowing you to lock your earnings for a fixed time in exchange for other perks and benefits.
IBAT has a total supply of around 10 billion. This, in addition to the extensive ecosystem rich in features, makes IBAT a worthy investment in 2022. The IBAT tokens are on presale, selling at a low price of $0.00331 (or 1 BNB = 166,667 IBAT).
For new investors, this may be the perfect opportunity to invest in cryptocurrency as the prices of every crypto have significantly declined. Bitcoin, Ethereum, and IBAT are big names in the crypto industry with promising futures.
Once they bounce back, there won’t be any hindrances to their potential growth. However, the meta-based gaming platform looks equally profitable, with the potential to grow over the years. Before you decide to invest in any crypto, make sure to conduct a thorough market analysis to make informed decisions.