Best Cryptocurrencies to invest in 2022
The year 2021 has been a wild year for investors in the crypto market. From a general increase in retail and institutional adoption to a total crackdown on crypto transactions in China, the crypto market has indeed drawn lots of attention.
Even with the ups and downs, Bitcoin kept reaching and breaking new all-time highs. The digital coin continues to be the most valuable and dominant cryptocurrency in the crypto market. However, on a year-to-date (YTD) basis, altcoins seem to be the top-performing cryptocurrencies. Altcoins such as Cardano, and Ethereum are up by 1,000% and 500% respectively.
There are more than 6,000 digital coins in the crypto market all presenting opportunities to make profits. However, for investors to be able to earn wide and earn fast, there’s the need to sit through these cryptocurrencies to choose the coins with the best potential. But, this requires a lot of work, technical analysis, and having the right information. To save you from the stress, we’ve come up with a list of crypto assets you can invest into come 2022 with a platform like this free app.
The Best Cryptocurrencies for 2022
Ethereum (ETH)
Ethereum is also known as ether has impressively outperformed Bitcoin this year and many experts still believe that is likely to continue. Ethereums’s strong performance can be attributed to two primary factors.
First, there is an increased level of utility potential. It is the original token of the ethereum blockchain, a rapidly growing component of the crypto verse.
Second, the recent Ethereum upgrade, known as the Altair upgrade, greatly improved the network making transactions more secure and scalable. This has allowed many investors to participate in its staking program.
Cardano (ADA)
Cardano is the sixth-largest cryptocurrency by market cap. ADA is the native token of the Cardano blockchain and one of the most talked-about altcoins this year. ADA has seen a price increase of over 1,000% this year becoming one of the best
The sixth-biggest cryptocurrency by market cap, ADA is one of 2021’s most talked-about altcoins. The native coin of the Cardano blockchain, ADA has gained more than 1,000% so far this year to become one of the best-performing digital coins in the cryptosphere.
ADA began this year with so much why around it courtesy of the launch of its Alonzo hard fuck upgrade. This launch happened around September and exceptionally increased the token’s functionality.
Avalanche (AVAX)
Avalanche is one of the rising stars monitored by many investors in the crypto arena. The avalanche blockchain actively competes with ethereum as it offers a platform for designing and creating decentralized apps. Avalanche is regarded as the fastest smart contracts platform in the crypto sphere with very affordable fees.
The avalanche native token known as the AVAX coin is used both for paying network transaction fees and as a component of the avalanche consensus mechanism.
Cosmos (ATOM)
Cosmos is also a major competitor with ethereum having distinct features. The Cosmos blockchain aims to achieve interoperability. Interoperability is the capacity to link various blockchains together.
The Cosmos network continues to grow and expand and has now reached $179 billion of crypto assets under management. The Cosmos blockchain is powered by its native token ATOM which ranks 34th on the list of the most valuable cryptocurrency in the world. ATOM saw an increase in the price of about 400% with its market price increasing from $5.90 to $30.56.
Solana
Solana experienced some crazy pumps towards the end of this year making it one of the top performers in 2021. Presently, Solana ranks fifth on the list of the most valuable cryptocurrency in the world. As of the 3rd of December, 2021, Solana market cap was valued at $65 billion
Solana’s growth has been nothing but exceptional with a massive year-to-date return of over 13,000%, with its price going from $1.61 to $214. That’s the most gain by far in the crypto market this year. In the same period, there saw a price increase of 543%.
Solana boasts of a flourishing community of traders and investors who have compared Solana’s technology to that of Bitcoin. However, you know that Solana is still young in the market as it was launched in 2020. Therefore the project is not proven and can be very volatile.
Conclusion
The above crypto predictions and assessments are established on the latest available information. However, the crypto market is very volatile and filled with unforeseen risks.
To this end, investors are warned to always update themselves on the latest crypto news, understand their risk appetite and play safely within it.
