It’s been a turbulent year for the cryptocurrency market, with some dramatic peaks and troughs affecting the prices of big hitters like Bitcoin and Ethereum and sparking huge sell-offs as prices tumbled – but nevertheless, crypto trading platforms like the BitQT trading app are reporting a surge in the number of new sign ups as newcomers have scrambled to take advantage of the chance to buy cheap.
Although we’ve seen some recovery in terms of the major players over recent months, the market remains somewhat unsteady – although long-time investors would be quick to say that volatility is, of course, the nature of crypto trading.
As we head towards the final quarter of the year, making smart choices is more important than ever for anyone eager to ride the cryptocurrency wave into the new year and come out on top, and the final stretch of 2022 offers up a fresh opportunity to recoup some losses from earlier in the year.
Here, we take a look at some of the best options to choose from right now.
Ethereum (ETH)
One of the largest cryptocurrencies in the world and second only to Bitcoin, Ethereum (ETH) has long been one to watch and its open source blockchain protocol, which utilises smart contract technology, is in part to thank. Its ground-breaking combination of features has seen it used for a number of innovative applications across finance, gaming, advertising and web browsing, and we’re only now beginning to understand its true potential. This makes Ethereum an attractive prospect for investors, and with a current market capitalisation of more than $218 billion and a blockchain hosting thousands of DeFi apps and marketplaces, the reasonably low prices at present make it a good choice to invest in now.
Although this particular crypto – along with many others – has failed to achieve its projections in what has turned out to be a bearish year on the whole, patience could well be a virtue, and with time, it could be set to take a bullish turn.
Tamadodge
A meme coin that has widely been dubbed the ‘P2E Dogecoin’, Tamadodge (TAMA) is another wildcard that could make for an excellent Q4 investment choice. Although we know that meme and parody coins like these can make for a risky buy, they also have the propensity to explode pretty quickly, at times offering some of the biggest gains for traders who are quick to act.
Unlike some of the more prominent meme coins, such as Dogecoin and Shiba Inu, Tamadodge is deflationary, with a fixed maximum supply.
Chainlink (LINK)
You might not have yet heard much about Chainlink – but make no mistake, this cryptocurrency, which has been around since 2017, has already shown itself to be an exciting prospect. A decentralised oracle platform that is built on Ethereum, one of its biggest strengths is in its ability to facilitate the transfer of external, off-chain data sources to on-chain smart contracts, and since early on in the year, it has been tipped for big things.
With a current market cap of over $3 billion, at the time of writing it’s selling at $7.27 – a far cry from its all-time high of $52.88 in May 2021 – but evidence of its potential to climb. If there’s one thing about cryptocurrencies, it’s their ability to bounce back following adversity, and over time, we could see it reach – and potentially exceed – these lofty heights once more.
Magniswap (MAGNI)
Looking for something entirely new? The Magni token was founded just this year and launched as a BEP-20 token on the BNB smart chain as the token for Magniswap. This community-focused cryptocurrency facilitates activities such as swapping and staking to encourage users to interact and trade, and keeps transaction costs low which, in turn, is attracting a growing number of investors and traders.
Users of Magniswap can opt to participate in a single or dual-token farming pool, which then determines the number of tokens you’ll require to begin farming your own, with opportunities to make gains through various rewards.
Battle Infinity (IBAT)
Battle Infinity is actually a Metaverse game, which has already sold out its coin offering at presale, doing so in record time. Early investment in a new offering such as this can turn out to be a wise move and offer some excellent potential return on investment (ROI) should the market move in your favour, and with the development of the Metaverse continually gathering momentum, it’s more than possible that, at some point, it will.
The coin launched on decentralised trading platform Pancakeswap just last month, so now is the time to move if you’re considering investing in native token, IBAT. A BEP-20 token on the Binance Smart Chain, supply is fixed at $10 billion – and it could well be one of the biggest cryptocurrencies to watch as we head past the year-end and into 2023.
Disclaimer: Investing money carries risk, do so at your own risk and we advise people to never invest more money than they can afford to lose and to seek professional advice before doing so.
