Cryptocurrency is a type of digital payment or currency which is secured by the process of Cryptography. Cryptography is the study of securing data transfer between the sender and the receiver, effectively encoding the data between these two parties. This way, the currency or financial assets get fully protected from counterfeiting or double-spending.
It is based on a decentralized network distributed across systems making them exist outside Government Manipulation or interference. You can trade it on numerous websites like the Quantumai website. It is a cheaper and faster form of money transfer as it uses blockchain technology to further security. Let us learn about some of these Cryptocurrencies.
1. Lucky Block (BLOCK)
One of the new ones has proved to be the most exciting new Cryptocurrency project. It is based on blockchain technology which has brought it to the multi-billion-dollar lottery sector. It provides players from all over the world access to this gaming safely. They can ensure that every gaming outcome is protected by an innovative contract technology that makes it entirely random. Thus, it cannot be manipulated by any of the involved parties.
2. Dogecoin (DOGE)
All investors want to get high returns at cheap investments. Well, this is what this Cryptocurrency offers you. Trading below 0.20$ per token is one of the most affordable Cryptos to buy in 2022. An example of this would be that it traded from 0.005$ to 0.74$ in just seven months. It has dropped from its mid-highs and now has the perfect situation for people to invest right now and earn a lot of money, banking on its highly volatile nature.
3. The Graph (GRT)
Every Cryptocurrency has its operating way, and so does The Graph. It is promoting Cryptocurrency based on the blockchain technology project called Indexing. In this, the excess data of the blockchain networks are indexed to avoid the system becoming overworked. Cheap as it is, more than 25 blockchain networks are using it to stabilize their excess data.
4. Shiba Inu (SHIB)
Coming to this one, it has been celebrated as the most popular Cryptocurrency of 2022. If you are looking to invest in trending tokens, it is one of the best avenues. It has a market capitalization of $11 billion and has advanced in value by millions of percentage points. It also gives you an excellent place to enter as it's trading 75% below its 52-week high, and for just 100$, one can get over 5 million tokens.
5. Cardano (ADA)
It is currently ranked 6th in the Cryptocurrency sector and is one of the most popular Crypto purchases. It also has a market cap of $35 billion and was designed to provide a platform for apps. Cardano is one of the few Crypto-assets to have the potential to reach the levels of Ethereum and Bitcoin.
So, considering the current financial situation, there is a real lack of cash in the market, which has, in turn, promoted the growth of Cryptocurrencies and thus is considered lucrative for people to invest.