Digital currencies have swiftly gained widespread acceptance as the trendiest investment as of late. In 2012, digital currencies like Bitcoin (BTC) were essentially unknown. But, since then, it has developed into a $2 trillion industry that is still growing. Early crypto investors have amassed enormous money due to the abrupt increase in value and rapid expansion. As a result, identifying and investing in the next crypto star-in-the-making has become extremely popular.
With now, over 11,000 different digital currencies on the market – and the world being pushed further into the digital realm by the pandemic – investing in technologies that serve as a bridge between blockchain cyberspace and our society could be even more profitable than trying to predict which micro penny will become the next Bitcoin or Ethereum (ETH). There are many innovative businesses attempting to bridge the gap between the two sectors.
The beauty of micro pennies is that they aren’t all pure plays on the business, allowing investors a wide range of options. Micro pennies are very volatile, causing dramatic fluctuations in revenue and profitability for enterprises with exposure to the sector. On the other hand, they are fast acquiring public acceptance. United Wholesale Mortgage (UWMC), the country’s second-largest mortgage lender, said in August 2021 that it would accept BTC as a form of mortgage payment from its clients. As more firms join the blockchain revolution, expect micro pennies to gain even more traction. With so many to choose from, I’ll try to narrow it down to just a few.
Let’s take a glimpse at three micro pennies that are very affordable, buy-rated, and poised for growth in 2022…
Polkadot (DOT)
Polkadot (DOT) offers a unique spin on developing decentralized applications (dApps), programs built on a blockchain network. And it can enjoy significant long-term growth as the overall industry expands. DOT is unique because it operates two different blockchains: the main network, called the relay chain, and multiple additional chains called parachains, which can be programmed to create applications that can interact with other blockchains. This system gives developers more flexibility to customize their applications while benefiting from the security and infrastructure of the DOT network.
DOT has a current market cap of $24.85 billion, which is modest compared to giants like BTC and ETH. Keep in mind that, like the others, I’ll mention, its financials are tough to break down since it is still new to the marketplace. But, historically, for the year 2021, DOT’s stock price ranged from 15.00 to 52.00. Some analysts estimate a cost of $30 by the end of 2022. On the other hand, other analysts anticipate DOT will surge to $82 by mid-2022, allowing for even more significant gains before the end of the year. Experts give DOT an easy buy rating.
Algorand (ALGO)
Algorand (ALGO) has grown in popularity as a result of its use of proof-of-stake rather than proof-of-work like BTC does. ALGO, like other micro pennies that use this technology, has reduced prices and implemented faster speeds and lower energy use. Algorand, which was founded in 2019, has the flexibility to function across many blockchain networks while also providing real-world usefulness through its stateless and stateful intelligent contracts. Stablecoins, NFTs, and decentralized finance apps may all be created using these sorts of smart contracts.
According to Cryptocurrency Price Prediction analysts, the price of ALGO is expected to be $72 in 2030. This implies a massive 5,233% increase over current pricing. Furthermore, the estimate is based on historical data generated by a proprietary algorithm. The micro penny experts tell us to buy stock in ALGO.
Sandbox (SAND)
The Sandbox (SAND) is tiny compared to bigger cryptos, with a market capitalization of about $4.2 billion. However, as its creators attempt to establish the first blockchain-based metaverse, this might change. SAND‘s first-mover advantage and user-generated content approach may put it on the fast track to success. According to its white paper, SAND wants to establish a virtual environment where users can “make, control, and commercialize” game experiences, akin to the publicly listed firm Roblox (RBLX).
The Sandbox has already begun selling NFT-based digital real estate in its metaverse. In January, it started its second Alpha season, allowing users to create experiences using its game-creation engine and compete for cash rewards of up to 20,000 SAND (about $100,000 at today’s exchange rate). According to digital currency analysts’ most recent long-term prediction, SAND‘s price will reach $20 by the end of 2022 and then $25 by the end of 2023. SAND is expected to increase to $50 by 2027, $75 by 2030, and $100 by 2032. Remember, these are estimates, and the price could very well rise from its current steal to $100 much sooner than 2032. From the start of the year alone, the price has climbed by 1720%. Experts give SAND a buy rating that shouldn’t be dismissed.
Should you invest in Sandbox (SAND) right now?
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