Bitcoin is certainly one of the best cryptos because of its strong brand recognition and widespread adoption as a store of value. But technology has evolved tremendously, and the most valuable cryptos in 2022 are digital assets with actual utility or use cases. Currently, we have cryptos and altcoins that have use cases in multiple niches ranging from art, insurance, and transport to AI, gaming, and real estate.
To guide you through, we have listed the top 5 cryptos with the most advanced use-cases in 2022. These cryptos have been an enormous game changer within the financial market and paves the way for Web 3.0.
Ethereum (ETH)
Thanks to its robust technology, Ethereum is one of the top 5 cryptos with the most advanced use cases in 2022.
Ethereum is much more than just a store of value. It has positioned itself as a decentralized computing network built on blockchain technology. One of the most alluring use-cases of the network is its self-executing smart contracts. The network facilitates the smart contracts and applications built on its blockchain to run smoothly without fraud, downtime, control, or any third-party interference.
Moreover, thanks to its highly-secure network and data architecture, Ethereum is the leading contender in the decentralized finance (DeFi) market. The platform also supports the bulk of NFT projects, with extensive exposure to a large and growing market.
Ethereum also has some advanced real-world use cases in 2022. There are projects like charging stations for electric vehicles, crypto-collectibles, health care records, home mortgages, and microgrids built on this network. It is growing far beyond the realm of quick monetary transfers, making ETH one of the most in-demand cryptos in the market.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Monero (XMR)
Designed to maximize privacy and anonymity, Monero is one of the best cryptos with some advanced use-cases.
Monero is a crypto with a well-defined, unique use case and impressive technical aspects, solidifying its position and increasing its adoption in the market. It facilitates untraceable transactions, which makes it one of the top choices for shoppers who value anonymity. Each transaction hides the digital addresses of the senders and receivers, along with the transaction value.
The developers say that Monero has become a useful tool for certain organizations looking to maintain commercial secrecy. Moreover, several users in repressive countries who want to avoid censorship or surveillance can safely move their money in the form of XMR. Therefore the primary use-case of this crypto is to safeguard privacy, which makes it such an advanced crypto for investments.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana has become one of the popular names in the NFT and DeFi spaces.
Solana employs a unique modified cryptographic algorithm to create a fast and scalable blockchain. The major mission of Solana is to become the most ‘censorship-resistant network’ in the world. The network’s low cost has made Solana a perfect choice for NFT traders and gamers. SOL has numerous NFT marketplaces like SolSea and Solaanart. Apart from that, Solana hails itself as the world’s fastest blockchain that does not compromise security, driving its adoption.
One key reason to add SOL to the list of the top 5 cryptos with the most advanced use-cases in 2022 is the decentralized Solana-based social media solutions offered for content consumers. Users can seamlessly contribute to and access content fully anonymously. Additionally, it also eliminates the need for any KYC checks to access the content in several content distribution solutions like Media Network. Thanks to open-source functionality for media viewing, page caching, web serving, and load balancing, users can seamlessly enjoy a frictionless experience with the platform.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
Polkadot efficiently attempts to solve the interoperability problem, making DOT a must-buy in 2022.
Polkadot is uniquely designed to solve the issues of scalability and efficiency in blockchain tech. It seeks to address this issue by creating a trustless way for blockchains to communicate with each other directly. The Polkadot system is more versatile than Ethereum as it offers more than one single platform for developers. Its multi-chain architecture allows various specialized blockchain systems to work together and create complex services from simple components.
DOT has some of the most advanced use-cases in 2022 as it has paired with Chainlink to utilize its oracle network. Oracle networks offer a way for real-world data to interact with the blockchain. This way, Polkadot offers highly advanced real-world use cases and solves some significant pain points that few other blockchains have attempted to tackle.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Aave (AAVE)
The DeFi protocol Aave is a significant addition to the top 5 cryptos with the most advanced use-cases in 2022, thanks to its utilities in the financial sector.
Aave allows users to lend and borrow cryptocurrencies and real-world assets (RWAs) by eliminating the need to go through a centralized intermediary. Users earn interest when they lend and pay interest while borrowing. It has specifically made a shift from P2P based lending strategy to a pool-based one. The ease of Aave is that users don’t need to wait for individual matching events to access funds but rather gain access to instant loans from the liquidity pools on the platform.
Aave also provides some of the most advanced use-cases for real-world assets, like real estate, cargo and freight invoices, and payment advances. Yet another unique feature of the platform is flash loans. These allow protocol users to borrow crypto assets without depositing collateral and involve returning the liquidity to the pool within one transaction block.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Today, the hype and popularity in crypto are primarily based around utility tokens in DeFi, Web3, and Metaverse. Invest in these top 5 cryptos with the most advanced use-case in 2022 and get your stake in the lucrative crypto sphere now.
Read More:
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Top 10 Best Long-Term Cryptocurrencies To Buy And Hold