The cryptocurrency market is full of established and promising projects. While many of them turned out to be nothing more than hypes, an increasing number of altcoins are listed in the top 10 cryptocurrencies to invest in.
We've looked at a list of top assets to invest in for great returns.
1. Lucky Block (LBLOCK)
Although Lucky Block is still new to the market, the crypto lottery protocol is one of the top 10 cryptocurrencies to invest in for the long term because of its huge growth potential.
Based on the Binance Smart Chain (BSC) network, the lottery token provides a more inclusive online lottery system where players are not hindered by distance or any financial system.
Furthermore, Lucky Block aims to be a fairer and more transparent online lottery protocol, hence the use of blockchain technology.
Lucky Block's main mission is to ensure that everyone is a winner and this is seen by the fact that each player receives a certain percentage of the jackpot winnings. In addition, players will enjoy zero transaction fees as well as instant payouts.
Lucky Block has been one of the top performing digital assets since the year started up more than 1,200% last month.
Since then, the growth has been tamed, but the digital token is ramping up to more bullish activity, owing to its recent efforts to launch in the lineup of centralized exchanges Binance, FTX, and a host of others.
2. Bitcoin (BTC)
Despite a troubled start to the year, Bitcoin remains number one among the top 10 cryptocurrencies to invest in. Officially launched in early 2009, Bitcoin is the first recognized digital currency and continues to lead the cryptocurrency market. The decentralized asset controls about 40% of the expanding ecosystem.
The remarkable success and adoption of the leading digital asset is largely in its cryptographic development. In the 2008 Bitcoin whitepaper, only 21 million BTC coins will be mined. This gives the crypto benchmark a deflationary outlook, with many institutional and retail investors preferring it to cash.
Bitcoin is currently the most adopted crypto asset, with a record number of legacy-oriented companies adding the decentralized currency to their books. However, Bitcoin’s global adoption has been hampered by its energy-intensive mining process, which allegedly contributes to the global climate crisis.
Efforts are underway to make this process more energy efficient and more environmentally sustainable. One such effort is by computer chip maker giant Intel Corporation, which has shared plans to to throw a 3,600 watt miner to improve Bitcoin mining efficiency.
Currently, Bitcoin is facing a tough bearish battle and has dropped below the $40K mark. The digital asset is trading at $39,045.68, up 2.22% over the last 24 hours. The relative strength index (RSI) of 41.99 shows that BTC is trading in the underbought region, making now the ideal time to own one of the top 10 cryptocurrencies to invest in.
3. Ethereum (ETH)
Ethereum is the leading protocol in the smart contract niche and has given rise to various ecosystems due to its robust network. Launched in July 2015, the Ethereum network allows the development of other decentralized applications (dApps) in addition to its protocol.
Given this, Ethereum currently has 58.54% of the DeFi ecosystem in its stronghold, pointing to a thriving protocol.
Ethereum has entered the cryptocurrency limelight and is currently the second most valuable digital asset behind Bitcoin. The digital asset surged north of $5,000 during the November 2021 crypto rally.
However, the smart contract protocol is down this year and is trading at $2,686.20, up 3.61% from the previous day. Since then, the DeFi hub has seen a 51.26% increase in the last six months, making ETH one of the top 10 cryptocurrencies to invest in for the long term.
Following in the footsteps of its older crypto cousin, ETH was added as a form of appreciation for Twitter Tips content. that was announced on February 16 via Twitter.
4. Binance Currency (BNB)
Currently, Binance may not be the third most valuable digital asset by market cap, but the discount token is one of the top 10 cryptocurrencies to invest in. merchants.
The BEP-20 token is used by traders to reduce their trading fees from 0.10% to 0.025% depending on the amount of BNB they have. Binance Coin has continued to excel beyond the cryptocurrency exchange and is a main character in the larger Binance ecosystem. All protocols built on top of Binance Smart Chain (BSC) interact with BNB, increasing its use cases and user appeal.
Binance Coin is set to play a major role in the renamed BSC network, following a network restructuring from BSC to BNB Chain.
The idea is to make the new protocol a multi-chain solution that meets the unique needs of the MetaFi ecosystem, consisting of Metaverse, GameFi, SocialFi, Web3 and non-fungible tokens (NFTs). BNB is currently trading at $379.30, down 0.31% over the last 24 hours.
5. Ripple (XRP)
Ripple is another top 10 cryptocurrency to invest in and should not be missed. The Ripple blockchain is a scalable, low-cost protocol focused on enabling financial institutions to transfer value across borders.
Launched using the Federated Consensus Algorithm (FCA), Ripple is one of the most well-known crypto projects on the market and is currently the 6th most valuable digital asset by market valuation. The Ripple blockchain has separated itself from the cryptocurrency crowd largely due to the innovative use of its technology.
Curling committed to a carbon-free future, with plans to make its protocol green by 2030.
O Euro Digital Association (DEA) also leveraged the blockchain protocol as a lead partner to develop its central bank digital currency (CBDC) program.
In terms of price, Ripple’s XRP token is trading at a discount of $0.78, down 1.57% from the previous day. However, the digital asset is holding up and is trading at the same level as the 50-hour exponential moving average (EMA) indicator.
6. Cardano (ADA)
Cardano is one of the top 10 cryptocurrencies to invest in and ranks as one of the most celebrated blockchain protocols in the cryptocurrency market. Using a peer review system, Cardano is a proof-of-stake (PoS) protocol that enables the development of smart contract networks.
Cardano is still under development. However, it is expected to come with a high throughput of over 3 million transactions per second (TPS) once its Hydra update is released later in the year.
Several dApps are migrating or building directly on the Cardano network due to its low cost and energy efficient structure. One of the newest entrants is acardex, which also works as an automated market maker (AMM) and decentralized exchange (DEX). The blockchain protocol will allow seamless exchange of native and non-native tokens on the Cardano network.
Other unique features include anonymity, reduced counterparty risks requested by a party not performing the transaction, and low-risk security.
Cardano's ADA has borne the brunt of the current bear run resiliently and is currently trading below the $1 mark. At press time, the ADA is trading at $0.949, up 1.22% on last 24 hours despite a broader market downtrend.
7. Solana (SOL)
Solana enjoyed a breakthrough in 2021 and is now considered one of the hottest prospects in the crypto space. Leveraging the PoS time and proof of history (PoH) engine, Solana has 50,000 TPS and costs much less in transaction fees than main DeFi rival Ethereum.
These features make DeFi one of the top 10 crypto assets to invest in. It's even better as the blockchain-based economy continues to gain momentum.
Solana continued to gain notable adoption and reportedly suffered from multiple network outages due to excessive transactions entering the network. This points to the growing market demand for a scalable and energy-efficient blockchain network – twin concepts that the Ethereum network is developing towards.
Solana recently launched the on-ramp payment solution in collaboration with stablecoin maker Circle Protocol. O Solana Pay will allow USDC to operate in the Solana ecosystem.
Additionally, Solana was recently leveraged by the social donation tool To change for integration. Now anyone can use Phantom Wallet to subscribe to a social cause, donate and track their donations. SOL is currently trading below its all-time high of $260, with a price of $92.70, up 4.96% so far.
8. Earth (MOUNT)
Another prominent DeFi protocol, Terra blockchain, is one of the top 10 crypto assets to invest in for the long term. The team behind the DeFi network aims to create a stable currency for digital assets as the cryptocurrency market is plagued by volatility.
This has led to them creating various stablecoins for various fiat currencies, with the UST being the most prominent stablecoins.
The Terra blockchain has continued to gain interest from investors and is currently one of the most exciting blockchain protocols in the cryptocurrency market.
The Washington Nationals MLB franchise recently joined the Earth blockchain. It is expected to be a 5-year partnership, and the total cost is $38.15 million.
The partnership aims to promote the Terra blockchain across all Washington Nationals networks and also raise awareness of the UST and LUNA tokens.
LUNA continued to ride the cryptocurrency wave last year and hit an all-time high (ATH) of $103.33 at the end of December 2021. Currently pegged at $51.24, LUNA is up 5.25% on the previous day, showing a promising rally in the weeks to come.
9. Avalanche (AVAX)
The Avalanche blockchain is supposedly the fastest blockchain protocol based on the purpose of blocking time. Also a smart contract protocol aimed at DeFi, the Avalanche blockchain is a layer 1 network and aims to drive the wider adoption of DeFi and cryptocurrencies.
Avalanche remains the main competitor of the Ethereum network. So far, some DeFi protocols call this home. The latest is the DEX protocol ZeeDEXwhich allows DeFi users to trade unlimitedly with zero gas obligations, zero fees, and the best rates on its ZeroSwapLabs dual-chain multi-chain DEX aggregator.
Utility Token AVAX has borne the brunt of the bear market and is currently trading at $79.21, down 0.22% over the last 24 hours. This is 45.77% down from its ATH of $146.22 at the end of November 2021. However, the AVAX token has grown over 15,000% from its lowest all-time value (ATL) of $2.79 .
10. Polkadot (DOT)
Polkadot is a heterogeneous blockchain solution founded by former Ethereum co-founder and CTO Dr Gavin Wood. The protocol allows the development of DeFi services on its protocol while connected to its Relay Chain. Each DeFi protocol is called a parachain and leverages Polkadot's security infrastructure to build and launch blockchain services.
Polkadot took the smooth and less traveled path to build a piecemeal blockchain solution where all types of assets can be sent and received seamlessly.
The protocol is currently working on its parachain auctions, in which DeFi protocols raise collective funds to compete for a place on the network. HydraDX recently won the 9th parachain auction and will join others to explore the Polkadot ecosystem.
The DOT token has seen its growth stalled by the broader market downtrend. At press time, the DOT is trading at $16.82, up 0.32% the day before. The DOT is trading at the same level as the moving average convergence and divergence (MACD) indicator.
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