Coins That Can Be Invested In March 2022 According To Me

What is the potentially best cryptocurrency to invest in? Coins abound – and some can be a smart hedge against unexpected fluctuations in the financial market.

True, cryptocurrencies cannot yet be used to buy all sorts of things like cash boxes. However, in some cases they have the advantage of being a high-yield investment.

However, due to the volatility of cryptocurrencies, it's important to be aware of what you're getting into before investing.

My top recommendation for the latest cryptocurrencies that might be worth investing in.

Polygon (MATIC): for massive scalability

Polygon (MATIC) is an Ethereum Layer 2 scaling solution. It also acts as a platform for building and connecting Ethereum blockchain networks.

MATIC significantly increases transaction speeds while lowering transaction rates on the Ethereum network.

Polygon's focus on scalability makes it very attractive for decentralized Ethereum blockchain applications.

MATIC is currently trading at $1,475 and has a market cap of approximately $10.76 billion as the company continues to thrive in the market.

Decentraland (MANA): The cheapest cryptocurrency for the Metaverse

Decentraland is different from other virtual worlds because all LAND areas are owned by players, except streets and squares. This also means you can sell and improve them.

MANA is Decentraland's native cryptocurrency. It is used to buy land parcels (LAND tokens), avatars, wearables and other things in the platform's market.

MANA is currently trading at $2.60 with $1.5 billion in volume. The coin has increased by 175% since last year.

Stellar (XLM): new and exciting crypto payment system

The Stellar blockchain can process 1,000 to 5,000 transactions per second.

This makes it a serious competitor for centralized payment systems – a feature that could increase its value as more people accept crypto payments.

One of the advantages of investing in XLM is that it is used as a currency. This means that investors can create tokens and even decentralized exchanges on this blockchain.

Since XLM is the native cryptocurrency of the Stellar blockchain, it will likely always be valuable. Decentralized exchanges are an important element of Stellar's long-term value.

Curve (CRV): Cryptocurrency of choice for DeFi exposure

Curve (CRV) is a stablecoin platform that uses Automated Market Maker to manage liquidity.

The developers created the platform to have less slippage and an affordable fee. Users can automatically trade assets without approval.

It is among the preferred cryptocurrencies to invest when it comes to DeFi (decentralized finance).

As it is a non-pledge network, users retain full ownership of their tokens. The curve relies on liquidity pools and rewards users who contribute to them. It has a diluted market cap of $7.4 billion globally.

Bitcoin (BTC)

The war has had a disastrous effect on the Russian economy. At the same time, many analysts believe that Russia has no really effective alternatives. This is despite the fact that blockchain technology and cryptocurrencies, especially Bitcoin, are considered one of them.

Because of their censorship-proof, open, neutral and permissionless nature, cryptocurrencies could theoretically become a viable tool. For example, a country like Russia could use it to circumvent sanctions.

With Bitcoin, the country can continue to participate in international trade. At least as long as it finds partners willing to accept digital assets. However, the country is already working on various alternatives. Among them is the digital ruble, a central bank project for digital currencies that is currently in the pilot phase.

If Russia decides to go that route, it won't be the first country to use cryptocurrencies to circumvent sanctions. Recent reports suggest, for example, that North Korea is funding its nuclear and ballistic programs with cryptocurrencies stolen by state-sponsored hackers.

Iran has also used cryptocurrencies to circumvent US sanctions.

Yes, we will wait and see what happens in the crypto market together next month.