What is the best way to make a million dollars in 2022? Many investors are asking themselves this question with markets reeling, looking to make a life-changing investment. What about a boat or a sports car? These high-value assets tend to appreciate with time and are a solid investment with rising inflation. Assets are the best place to store wealth because they appreciate with time compared to fiat currency which depreciates, and it is for this reason that the wealthy continue to grow richer. This article features four crypto projects investors looking to snag a million dollars in 2022 have to investigate.
Uniglo is a community-based social currency backed by digital currencies, digitised tangible assets, and rare NFTs. Uniglo creates a tool to hedge against inflation and volatility and allows ordinary investors to gain exposure to asset appreciation. The protocol features a vault where its assets are held and used to support the floor price of GLO, making GLO a backed currency. Since abandoning the gold standard fiat currencies have no provable base of value and have depreciated rapidly; GLO reintroduces the notion of a value base with its vault, acquiring a basket of digital securities so that investors can benefit from long-term price appreciation. GLO is a token that perfectly represents wealth preservation and growth speculation. And in the current times of inflation an excellent choice for investors.
XVS is the governance token of the Venus protocol, the largest decentralised lending platform on the BSC (Binance Smart Chain). The Venus protocol employs over-collateralised loans and allows investors to borrow other assets but also the ability to mint synthetic stablecoins known as VAI. XVS can be staked on the platform to generate yield or used to mint VAI. DeFi (decentralised finance) lending protocols have seen explosive growth, with lending being a fundamental tenet of traditional finance. With this accelerating demand for lending projects, protocols like Venus will see a continued influx of capital. As the protocol expands and grows, so will its governance token, and XVS, currently trading at $5.21, is a token investors looking to make their first million must add to their watchlists.
Wax is a layer one protocol and stands for Worldwide Asset eXchange. It is a protocol purpose-built for the exchange of virtual items and is a decentralised marketplace for virtual collectables focused on gaming. The protocol has already drawn some huge names to its platform such as Atari & Street Fighter. The platform has more than 15 million daily transactions and six million users. This carbon-neutral blockchain is the go-to place to buy, sell, or trade NFTs. WAXP now trades at $0.10, and it is through owning this token that participants can participate in the WAX ecosystem. Set to benefit significantly from the coming boon to Web3 gaming.
CRV is the governance token of the Curve protocol. Curve has seen enormous growth due to its targeting of the stablecoin market. Stablecoins have become an integral part of the cryptocurrency asset class and continue to grow in popularity with the prevailing market conditions. Curve is primarily an exchange facilitating swaps between stablecoins using an automated market maker ensuring the best rates, but it has become best known as a platform to farm with stablecoins. CRV trades at $0.97, and being the governance token represents a stake in the protocol, which continues to grow, making its appreciation inevitable. And another excellent choice for investors looking to net their first million.
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