Want to be a crypto millionaire? Then these 3 cryptocurrencies are worth adding to your portfolio now.
Cryptocurrency investment has taken the financial world by storm. New and advanced cryptocurrencies are coming out all the time. Some aim to replace traditional currencies such as pounds or dollars, while others create a new type of financial application. The growth of this new asset class has also witnessed some of the wealthiest and most accomplished entrepreneurs investing in them. One such billionaire investor whose support has worked wonders for several digital currencies is Elon Musk.
Musk, as an investor, has always been an ardent supporter of cryptocurrencies, especially the new meme coins and altcoins. As a result, many investors have wondered about how to invest like Elon Musk. An answer to this could be complex as investments strictly depend upon an individual's investment strategies. But let’s look at Dogecoin, Shiba Inu, and Quitriam Finance as potential investment options today.
Dogecoin (DOGE)
With the Dogecoin Foundation revealing its 2022 roadmap, the price of DOGE was again sent to the moon.
Created as a joke in 2013 by two software engineers, Dogecoin has had a fantastic rally over the years. The meme coin started gaining serious traction from investors worldwide, positioning DOGE as a potential investment option. With its rather fun nature and meme characteristics, Dogecoin has introduced several millionaires and billionaires of the future to blockchain technology.
The key growth driver for Dogecoin is not just its technology but the community formed behind it. Elon Musk has always been and continues to be an ardent supporter of Dogecoin with his series of tweets, calling himself DogeFather. The billionaire also announced that Tesla would begin to accept DOGE as a payment for the car maker’s merchandise, solidifying Dogecoin as a top meme coin to invest in.
Moreover, the Dogecoin Foundation aims to change the crypto’s position as a meme cryptocurrency and wants to make the project a mainstay. The foundation revealed plans to revamp its websites and create learning materials in 2022. The team also strives to switch the network to the energy-efficient Proof-of-Stake mechanism.
The Dogecoin Foundation also announced the construction of Dogepedia and Libogecoin content libraries, along with Gigwallet, a highly-adaptable API that facilitates DOGE transactions in a few minutes. This could be the right time to buy DOGE, as Dogecoin has already begun taking its initial steps in enhancing its network and widening its reach to the DeFi space.
Check Out: Dogecoin (DOGE) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu (SHIB)
SHIB’s value and popularity skyrocketed, partly thanks to the attention it received from Musk on Twitter.
No other token has been on a wilder ride than Shiba Inu in 2021. This ERC20 token combines all key traits of Ethereum, Bitcoin, and Dogecoin. Additionally, the network boasts immense security-packed features. The SHIB token also gives its users the benefit of safekeeping their free wallets.
Unlike other cryptocurrencies, Shiba Inu works a lot to benefit communities by forming partnerships and alliances at a non-profit level. The main force behind these philanthropic contributions is SHIB’s dedicated community and calls for more rigorous participation by other crypto developers too. Needless to say, a key catalyst that boosted the dog-themed crypto to its heightened popularity is the SHIB Army. This dedicated community pushes the token’s popularity and value across multiple social media platforms. Eventually, this led prominent cryptocurrency exchanges like Coinbase, BitStamp, and Bitso to list SHIB, increasing the token’s investability quotient.
The asset also plans to enter the network of virtual worlds, the Metaverse, which is another key reason to invest in SHIB this year. "SHIB: THE METAVERSE" would be an umbrella term under which $SHIB, $LEASH, $BONE will play a role as phases roll out. Furthermore, Shiba Inu aims to extend its network’s reach more with the development of a Shiba metaverse called Shiba Land. These initiatives are setting high expectations for SHIB’s long-term growth, making Shiba Inu a millionaire-maker coin for investors.
Read Also: Shiba Inu (SHIB) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Quitriam Finance (QTM)
Quitriam Finance is an emerging project that has immense growth potential.
Quitriam Finance has recently been in the limelight for several reasons and chief amongst them is the project’s ambition to connect different blockchains at once through its ecosystem. QTM token is the native cryptocurrency of the protocol.
Quitriam Finance aims to solve a problem that other DEX platforms struggle with: the Ethereum network issues. QTM will deploy Quitriam Swap, a multichain decentralized exchange that will bridge the Ethereum, Polygon, and Binance Smart Chain networks. As a result, Quitriam Swap would soon be present on several networks to offer some of the fastest transactions on the market.
QTM could be a good investment option as the token boasts extraordinary qualities and the strength to become a market-leading cryptocurrency. The crypto aims to utilize multichain technology, which will result in quick transactions with minuscule fees. That will also allow more users to interact with Quitriam Finance. In addition, the ability to swap between blockchains is highly significant and will, in turn, attract more users to the network.
Moreover, the Quitriam Finance Foundation, a decentralized exchange platform, boasts multi-chain operability and an ecosystem of DeFi products. Therefore, now is the right time to buy QTM tokens for future returns as the crypto is still in its presale stage.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Regardless of the volatility and fluctuations that characterize the crypto market, crypto investments are considered highly beneficial investment assets in the long run. They can offer you some much-needed financial buffer during a sudden economic crisis. If you are planning to diversify your investment portfolio, then Dogecoin, Shiba Inu, and Quitriam Finance are worth watching in 2022.
However, before taking the plunge into crypto investments, it is prudent to consider your investment strategy and risk portfolio.
Open an account with eToro, deposit some funds and finally – buy cryptocurrencies for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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