Cryptocurrency is one of the fastest-growing digital assets. Backed by the blockchain and enabled for trading, it effectively offers multiple means for anyone looking to make a good income online. Crypto has been on investors' minds ever since Bitcoin started to skyrocket in value. But there's so much information out there on this space. It makes it difficult to decide which cryptos to buy. Memecoins like Shiba Inu and Dogecoin to stablecoins like Tether and Binance coin, there are practically thousands of options available for crypto investors today. But this article focuses on the top 10 Shiba Inu-like short-term profit maker cryptocurrencies that are worth investing in.
Shiba Inu is a meme-based cryptocurrency that has overtaken its long-stood rival Dogecoin in the past month with an 800% price gain. Although market experts are not sure about its fluctuations as SHIB was launched in 2020, its currency performance in the market has outperformed many top cryptocurrencies. Now you know why it is considered one of the best short-term profit maker cryptocurrencies of 2022.
Ethereum is unquestionably the most-established cryptocurrency on this list, and also the one generating the most real-world buzz. That's because Ethereum's blockchain is the backbone of decentralized finance (DeFi). DeFi uses smart contracts on financially focused blockchain to complete transactions that might otherwise be slowed down or halted by financial institutions.
Lucky Block is a crypto-lottery platform that uses blockchain technology to improve traditional lottery systems. Users can purchase lotto tickets using LBLOCK, the platforms' native token, meaning the entire process is digitized and fair. It is one of the best cryptocurrencies to make a profit in 2022.
The Stellar network is a decentralized system of communication where users can trade different types of cryptocurrency. It was created in 2014 with the mission to bring together the world's financial systems into one cohesive whole — making it more accessible for people around the world who want access without relying on third-party intermediaries like banks and other traditional institutions.
Binance Coin is the native currency of the Binance cryptocurrency exchange, one of the largest crypto exchanges in the world in terms of volume of transactions. It is the third-largest coin by market capitalization even though the transaction fees of the Binance exchange are some of the lowest in the world.
Litecoin is a popular cryptocurrency that started in 2011. Former Google engineer Charlie Lee, who also spent four years at Coinbase, created the coin. Litecoin has high liquidity and visibility. This is extremely important for investors in the highly volatile crypto market because they need to make sure their investments don't go down in value because of illiquidity. It is one of the best short-term profit maker cryptocurrencies of 2022.
Cardano is the third-generation cryptocurrency that integrates the hallmark features of the first-generation, Bitcoin, and the second generation, Ethereum. Its platform provides an efficient alternative to the standard Proof of Work (PoW) network used by Ethereum and similar tokens. It is one of the best cryptocurrencies to buy before 2022 begins.
Chainlink is an innovative network that uses 'oracles' to provide off-chain data to the blockchain. Off-chain data, such as stock market prices, can be used by smart contracts within dApps, yet has to be sourced in a decentralized manner. Chainlink's nodes can source the data for a fee, which is a pain in LINK. It is one of the best short-term profit maker cryptocurrencies of 2022.
STEPN is a self-styled "Web3 lifestyle app" with GameFi elements on the Solana blockchain. It combines aspects of a play-to-earn game with a fitness app to create a new category coined "move-to-earn." Users buy NFT sneakers, which they can use to earn in-game currency while walking, running, or jogging. STEPN aims to revolutionize the market of fitness applications by incentivizing millions of users to follow a healthier lifestyle.
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum's rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability. It is one of the best short-term profit maker cryptocurrencies of 2022.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.