What are the safest cryptos? With cryptocurrency trading up in recent months and governments failing to maintain consistency with regulation, this is a legitimate question. According to Allied Market Research, the global crypto market is expected to more than triple by 2030, making crypto security a more pressing issue in the future.
In addition to its security benefits, crypto has other benefits that make it attractive. Here, we will overview the most secure coins you need to know before diving into crypto.
Can you make real money with it?
Yes, you can use crypto to make money. A high degree of volatility is inherent to crypto assets, and most require domain expertise or knowledge.
A good way of making money with crypto is by trading cryptos. There is a great deal of volatility in the crypto market, even though crypto trades only constitute 1% of the foreign exchange market. It will allow short-term trading.
There is still a lot of potential for growth in the crypto market, even though it is relatively small, apart from the more well-known coins.
How to earn with secured crypto?
There are three ways to make money with crypto:
- A crypto exchange market allows you to invest in and trade cryptos. As with gold investing on the stock market, it is possible to do this without owning any crypto yourself.
- Then, you can stake or lend your coin to the system or other users using the coin you already own.
- You can mine coins for the blockchain or receive coin rewards for work performed as a third option.
Here are six ways you can make money using cryptocurrency based on these three mechanisms:
How to start trading secured crypto?
The best place to start staking or yield farming is to see whether one of the crypto exchanges you already use offers these features. Staking currencies include Ethereum, Tezos, Polkadot, and Solana. The following financial services may offer crypto staking: Binance, FTX, Coinbase, TradeStation, Kraken, etc.
Several services offer PancakeSwap, Curve Finance, Uniswap, SushiSwap, and Raydium, where tokens can be swapped, added to liquidity pools, and yield farms. These services are accessible through crypto wallets connected to the service, which let you add and withdraw funds.
The gains on yield farms can be unpredictable, and the popularity of new tokens with super-high annual percentage yields can sometimes tempt new yield farmers into dumping their tokens. However, many traders are finding that staking and yield farms with more stable coins can give them a return on their holdings, especially if they intend to hold crypto funds for a long time.
Top five secured cryptocurrencies
Below you can find the following secured cryptos.
Bitcoin (BTC)
Summary
Bitcoin is currently the largest cryptocurrency in the world. The value of this ‘digital gold’ is increasing as more investors get involved. Besides its high value, its coins can only occur in a maximum of 21 million.
Price forecast 2022
Bitcoin will reach $100,000 in 2022. As of January 2022, the price of Bitcoin is almost the same as that of January 2021. But demand for altcoins has grown. A trend has emerged in which Bitcoin is leaving major exchanges. Possibly to be stored in offline crypto wallets.
Price forecast 2025
Crypto demand will continue to be driven by the release of new altcoins and the hype surrounding the metaverse, which will eventually lead to the return of Bitcoin. According to predictions, the BTC price will drop to $120,438.96 in 2025, while it can reach $137,071.13 in 2026. Approximately $124,520.58 is the average trading price.
Ethereum (ETH)
Summary
Ethereum is a direct competitor to Bitcoin. It operates on a decentralized blockchain that eliminates third parties. The company’s market share recently increased from 18% to 20%.
Price forecast 2022
It is difficult to predict the price of volatile crypto, but the experts we spoke with generally agreed that ETH will surpass $4,000 again in 2022. There is now significant competition from blockchain-based platforms, filling in the gaps while Ethereum is working on its second-generation update.
Price forecast 2025
These new upgrades may potentially make Ethereum more affordable since the service fee associated with Ethereum is notoriously high. By 2025, the minimum ETH price will be $7,336.82, while its maximum price will likely be $8,984.84. Trading costs are likely to be around $7,606.30.
Binance coin (BNB)
Summary
The number of tokens that it can circulate is limited to 200 million, just as with Bitcoin. Additionally, the currency is destroyed or burned around three times a year. The high value is likely due to these factors.
Price forecast 2022
According to forecasts, the average price of hotels in BNB will be $291, and the maximum price will be $364 by 2022. Among the reasons for Binance Coin’s success is its burning program, which has been in place since the exchange’s launch.
Price forecast 2025
By 2025, Binance Coin will stand at around $850 by 2025. Due to its popularity as a platform for new cryptocurrency tokens to get onto the market. So, it is evident from its daily trading volume of billions of dollars.
Polkadot (DOT)
Summary
A currency like Polkadot serves as a bridge between networks, so applications built with it can also run on Ethereum and Bitcoin. Both of these factors contribute to its speed and scalability.
Price forecast 2022
The price of Polkadot in 2022 was $27.26. As of today, Polkadot trades for $26.52. By 2022, the Dot price will be $58.52. The Dot price is forecast to be $43.33 by 2022.
Polkadot’s blockchain is also booming with unique projects. Around10,000 developers are now available on the platform, up from 2,600 at the beginning of 2021.
Price forecast 2025
Although the Polkadot network faces many challenges, a bullish price prediction seems justified right from the start. A study by Long Forecast estimates the Polkadot price will end up at $12 by 2025, a significant drop from the current level. The price of the DOT will continue to rise through 2025.
Tether (USDT)
Summary
Bank-issued currency backs up the coins. The crypto works using blockchain technology. The first crypto to have its value pegged to the US dollar was EOS.
Price forecast 2022
The Tether price could go up from $0.999 to $1.020 in one year. Because Tether is a stable coin, its value should always be equal to the US Dollar.
Price forecast 2025
According to a USDT price prediction for 2025, it will be $3.745. By keeping reserves in that currency in a bank, Tether claims to keep prices stable.
Pros & cons
| Pros | Cons |
| Despite the high risks, there is also the potential for high rewards. | It takes effort and time to understand cryptocurrency. |
| Crypto is inherently secure because it relies on blockchain technology. | Cryptos are incredibly volatile investments. |
| Traditional banks should go, and the financial system should become more transparent and fairer. | In terms of long-term investment, cryptos have not yet proven themselves. |
Final thoughts
Cryptos number in the thousands. Meme coins are coins with little to no intrinsic value and lack a fundamental value proposition, making them meme coins. Experts recommend staying away from most of these coins and sticking with more established options like Bitcoin or Ethereum instead for those who decide to invest in crypto.