For some, cryptocurrencies have gained much of their popularity in 2021, although in 2022 they started off on the”wrong foot.” However, this does not mean that digital currencies remain a good source of investment in the medium and long term. According to statistics, cryptocurrencies have increased their market valuation in a year to 2 trillion Euros, starting from 700,000 million. Bitcoin is one of those that has reached historic records, although it is currently in decline. Similarly, many Latin American countries have joined efforts to have cryptocurrencies as a source of investment and payment, especially in those with volatile economies. What is the future of cryptocurrencies? Fad or future? How to invest in cryptocurrencies according to experts? we’ll tell you now.

The cryptocurrency industry and its future

What started in 2009 as a virtual game has now become a worldwide form of payment. Almost everyone knows that there are digital currencies called cryptocurrencies. In fact, many celebrities, including the mayor of New York, have decided to start collecting their salary in this type of money. It should be noted that 2021 has been one of the best years for the development of digital currencies and that COVID-19, far from being a hindrance, helped its progress.

In addition, there has been historic growth in decentralized finance. Let us remember that metaversus have appeared, as well as NFTs. The latter consist of non-fungible tokens, which have transformed the way we perceive video games and virtual art galleries. In fact, many gamers are making a monthly salary without leaving their homes, just having fun on their couch.

Meanwhile, the “meme” coins shot up their popularity. This was due, among other things, to Elon Musk noting in a statement that he stopped accepting Bitcoins, due to the amount of energy his mining was spending. Thus, Dogecoin and Shiba Inu began to grow exponentially. According to all these facts, the future of the cryptocurrency industry looks bright.

Competitions between cryptocurrencies and metaversus

Last year, the competition between cryptocurrencies and metaversus was wild. Solana, Avalanche and Algorand began to stand out for their speed and scalability, competing with each other. Likewise, investors have placed more than 25 billion euros in different Blockchain companies. Some experts point out that we are one step away from the so-called “Web 3.0 Era”.

However, not everything is rose for the world of decentralized currencies. Many countries have taken action against their use, plus NFT token scams have increased due to prevailing mass hysteria. The United States, Russia and China are the countries that are putting regulations on crypto assets. Therefore, many believe that these will only be a passing fad and that FIAT currencies cannot be replaced.

How to invest in cryptocurrencies according to experts

But how to invest in cryptocurrencies according to experts? Who to listen to? If it’s a game… Will it be a waste to invest money? Will it be a once-in-a-lifetime opportunity? Industry analysts say that in 2022 cryptocurrencies will continue to grow steadily. More and more businesses and companies accept cryptocurrencies as a form of payment, develop tokens within blockchains or incorporate this type of currency in some way in their day to day.

You have several ways to invest in cryptocurrencies according to experts:

Exchanging FIAT currencies through exchanges for cryptocurrencies that could have better forecasts for 2022. Some of these are Bitcoin, Ethereum, Cardano, Solana, Binance, Dogecoin, Shiba Inu, etc.

• Placing cryptocurrencies as a form of payment for your services.
• Developing decentralized applications on smart contract platforms.
• Selling NFTs through the design of your own video game or as an artist on a related page.
• Buying NFTs that could increase their value in the medium and long term to sell them later.

It’s important to be careful about the kind of crypto assets you’ll buy. Remember that there are more than 15,000 cryptocurrencies on the market today. According to some analysts, most of these cryptocurrencies will either end up merged with the larger ones or simply disappear. Therefore, we recommend you to review the most important cryptocurrencies and NFTs currently, so that you do not put your money “on deaf ears”.