You need sufficient knowledge of the many digital currencies available to choose the best virtual currencies to invest in. Three cryptocurrencies are expected to rise dramatically this year: Solana (SOL), Cardano (ADA), and Degrain (DGRN). One of them being tipped to be the best investment in 2022.
Cardano (ADA)
There are several reasons why Cardano (ADA), available since 2017, stands out and can be a better choice than Bitcoin (BTC). Because it offers long-term viability, that is the main benefit. The energy required to maintain the blockchain and verify transactions is a significant weak spot in Bitcoin’s (BTC) defense.
Cardano’s (ADA) transaction procedure is fast and highly environmentally friendly. Compared to most other cryptocurrencies and blockchains, it has a lower price and more decentralized potential.
Regarding future growth, the cryptocurrency is presently trading at a 71% discount to its most recent high, and only regaining this level would result in a 300% increase.
Solana (SOL)
Solana (SOL) is selling at $114 a unit, down from a high of $322 in the previous year. Solana (SOL) needs to hit $350 to triple your gains, which seems like a reasonably attainable goal at the moment. In contrast to Bitcoin, Solana (SOL) would require a small portion of the market cap movement.
Even though Solana (SOL) is currently a smart buy due to the substantial discount, two factors—the current slump and expectations—mean that the discount will only grow as time goes on. The general American market is the first element that affects Bitcoin (BTC), and it is anticipated to suffer due to the Fed’s expected declaration of rising interest rates.
Degrain (DGRN)
Degrain is a new cross-chain NFT marketplace allowing anyone to buy, sell, trade and fractionally invest in NFT’s. The project will be working with real world companies to expand growth. Users that purchase presale tokens will receive 100% off trading fees for life. There is a VIP and ELITE club, which gives holders investing a minimum of $25,000 a number of benefits.
Degrain started its presale phase one period on the 7th of July and since then has sold over 85% of its allocated phase one tokens. The price has jumped from $0.01 to $0.03 and analysts are predicting the price will rise a further 4,000% before the end of the presale period on September 30th. Liquidity will be locked for ten years, team tokens locked for a year with a vesting period thereafter. Degrain has been tipped to overtake Solana and Cardano in 2023. Certainly a project to look out for and top crypto analysts are predicting Degrain to be the best crypto investment in 2022. Find out below how to enter the presale and snap up the last of the tokens for phase one.
Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/07/crypto-analysts-prediction-degrain-dgrn-will-overtake-cardano-ada-and-solana-sol