Top Crypto to Invest in 2022
The past year has witnessed an unprecedented rise in awareness about cryptocurrency. There are various types of crypto available currently. While this provides a plethora of choices, it can also be difficult to choose.
There are more developments on the horizon as well. Therefore, it is crucial to choose the most suitable crypto for your needs and circumstances. So, check out the best crypto to invest in in 2022 for a successful financial year.
Best and Top Cryptocurrencies to Invest in 2022
The different cryptos have different growth potentials. While some have already made a name for themselves, others are not as popular yet. Nevertheless, they might be worth a try.
Make sure to browse various crypto options before you invest your money. Based on various factors, here are some of the best crypto to invest in in 2022.
Bitcoin is undoubtedly the most popular cryptocurrency, regardless of whether you are a novice at investing or not. Since its inception as the first crypto, it has dominated popularity in the industry. Currently, its industry market cap is around 40%. Bitcoin is also quite the influential crypto, making investing in it a safe option. It is not only recognized globally but can also be exchanged at low costs.
Bitcoin is operated through blockchain technology. All Bitcoin transactions are distributed across a decentralized ledger, which has multiple nodes located across a wide network. Furthermore, all information is protected with crypto encryption, keeping them safe and secure. As it has been in the business for quite a long time, Bitcoin has strong mechanisms for protecting user information.
Coming up right behind Bitcoin, Ethereum is currently the second-biggest crypto in the market. Investing in Ethereum is an excellent choice because it is also a blockchain platform itself. As it is a top choice among programmers, it is advantageous to invest in Ethereum because of its profit potential.
Ethereum owes its popularity among developers to its smart contracts. Since these contracts are self-executing, they eliminate the need for an intermediary. Not only does this make transactions smoother, but also cheaper on a global scale.
NFTs or Non-fungible Tokens are also a hot topic right now- and guess what? They are built on the Ethereum blockchain as well. Therefore, Ethereum can be a very lucrative option to invest in. This is evident from its growth in the past six years, where its price has gone from a mere $11 to over $2,500. (Source: https://www.forbes.com/advisor/investing/top-10-cryptocurrencies/)
Ethereum is also supposed to get an upgrade in 2022. Therefore, with such new developments on the horizon, it is only expected to grow in the current year.
3. Binance Coin
The market cap for the Binance coin is over $70 billion, which might seem insignificant compared to the previous two options. Nonetheless, it is substantial. Binance coin is the native coin of Binance, a crypto exchange platform. It is also the largest one of its kind.
It might seem limiting, given that it essentially started off as a trade facilitator for Binance. However, Binance Coin has evolved to include many features such as exchange with other cryptocurrencies. As a result, it can be used for other trade transactions and various kinds of payments.
Binance coin has seen a growth of 377,000% since its launch in 2017. It has witnessed one of the fastest growth rates in the crypto world. It was priced only at $0.10 in 2017, but now, it has risen to $377. Given this increase and a stable, glitch-free run of all these years, Binance Coin can be a safe investment option in 2022.
4. Ever Grow Crypto
Wondering what this crypto is? We get you. As it is a relatively new crypto in the market, apprehension is understandable. However, Ever Grow crypto is set to be one of the most profitable cryptos in 2022.
Ever Grow is a deflationary token. It is designed to become scarcer over time. What makes it unique is that owners can have passive earnings by holding Ever Grow coins. As time passes, and Ever Grow coins become rarer, the value of individual coins in existence will grow.
The current market cap value of Ever Grow is at $350 million. This might not seem like much, but it is considerable when you take into consideration how new this crypto is. It also boasts of top stakeholders in its operations. Its innovative facility of paying out transactions to its investors as a passive income makes it profitable for all users to invest in Ever Grow.
Tron is a crypto project that is based in China and its native coin is TRX. Tron is growing in popularity and is giving serious competition to Ethereum. It can be purchased at a low token price of less than $0.10.
The current market cap of Tron stands at $6.43 billion. Tron has a layered structure that fortifies its mechanisms and protects its users. Most reputed predictors have stated that TRX has potential to grow steadily in the future.
It is a high risk investment but the potential for returns is also a lot. According to Digital Coin Price, the future price of TRON might cross $0.14 mark by the end of 2023, and over the next five years, the price would be $0.21.
6. US Dollar Coin
The US Dollar Coin or USDC is stable coin or stable crypto. The US Dollar denominates this digital stable coin. USDC is managed by the Centre, which has members from Coinbase as well as Bitmain.
USDC has multiple stable tethers, making it a safe choice for wary investors. In addition, the USDC is backed by one USD per digital coin, in reserve. It is also said that it is supported by reserved assets by the company rather than US dollars.
To buy USDC, one simply has to have an approved bank account. When the equivalent USD is issued to the issuer’s bank account, the equivalent USDC is issued to the investor. The corresponding USD is then stored in reserve. One can also get their money redeemed at any time by going back through the same process.
Through this one-to-one ratio, investors can be sure of their investments in the long run. So although there might be issues with this particular crypto if you do not have access to USD, it is worth trying to get the facilities in place.
Finance doesn’t always have to be a complicated affair, and Dogecoin is the best proof of that. The crypto that initially started as a joke has now gone on to become one of the most profitable and easily accessible cryptos. You might have seen it mentioned in Elon Musk’s tweets!
Backed by tech master Elon Musk, Dogecoin has had a rollercoaster journey since its inception in 2013. In 2022, too, it is predicted to make good returns for its investors, which would be largely above 100%.
While these might seem like moderate returns, investing in Dogecoin has its advantages. First, it is quite volatile, so it is advisable to invest small amounts at a time. But this volatility poses an advantage because people can profit from its extreme changes in value.
Next comes Cardano. This crypto has a current market cap of over $35 billion. It has been five years since it has come in circulation, and during that time, it has seen an increase of value of just over 5000%. While that may seem like a modest increase, it is pretty stable. In 2022, too, the Cardano coin, ADA, is expected to rise modestly.
Cardano runs on proof-of-stake validation. This system essentially removes the transaction verification that takes place with other cryptos. Therefore, it also saves on the environmental damage inevitably caused by the extra use of energy.
For those of you who are concerned about the environment but still want a bite of the crypto cake, Cardano is a great option. The process is also faster than the other existing ones. Furthermore, it operates on smart contracts as well, its mechanism being similar to Ethereum.
The Cardano system has been backed by heavy research based on a thorough study of existing trends. Since it is also more transparent, it is much more accessible for everyone who is interested in crypto, whether they are experts or not.
Terra is a unique combination of two types of cryptos, the TerraUSD and Luna. TerraUSD is a stable coin with real-world currencies that correspond to it. On the other hand, Luna is the Terra coin that contributes new stablecoins to the blockchain. This two-coin system keeps a balance between the two kinds of systems.
Moreover, both these coins work in association with each other in Terra. When the value of one of the coins falls, users are encouraged to convert it to another kind of coin and vice versa. Therefore, all users stand an equal chance to experience both TerraUSD and Luna.
This circulation inside the same platform also encourages more use of the platform itself. This also issues a possible increase in the value of the coins. The current market cap of Terra is at $21 billion, with a rise of over 8000% in value. Such statistics show its potential to benefit all investors in the future.
Polkadot has an interesting system. This is because it allows incompatible blockchains to be connected together. It houses the DOT token as its native crypto. It is a relatively new form but holds the potential for high returns. With the possibility of using various types of blockchains, Polkadot can cash in on a unique chain of success.
Polkadot utilizes multiple blockchains running parallely with each other, which makes its system truly decentralized. However, the records that are present on Polkadot cannot be edited. Therefore, it is not easy to hack it either. Thus, not only do users get security while investing here, but also transparency.
The parallel blockchains or parachains also ensure that transactions are faster. This is primarily because numerous channels are operating simultaneously. The blockchain network is flexible and versatile, providing more opportunities to investors. Polkadot released its first five parachains a few months ago. (Source: https://gadgets.ndtv.com/cryptocurrency/news/polkadot-parachains-launch-enable-interoperability-relay-chain-blockchain-ecosystem-2661361)
This crypto has seen over a 500% increase in the past two years. Although it is a new avenue of interest, you might take a chance given its various advantages.
Algory Crypto Scanner
Crypto can be hard to navigate with all the jargon of information and the various developments taking place every day. However, with the Algory Crypto Scanner, investing in cryptocurrency has become much easier.
At Algory, users can create their customized crypto scanner! This facility makes sure that users can get the perfect crypto investing opportunity according to their aims and circumstances. There are more than 100 filters available at Algory, and more than 15 exchanges can take place on this single platform.
A free trial is available on Algory for everyone to use its features! The custom filters are passed through a vast and updated built-in crypto library.
There are quite a few cryptos that you can look toward to find the right investment opportunities in this new year. Different cryptos not only function in various ways but also have different cap values and growth potential. Ultimately, your decision must also take into consideration your personal circumstances and needs. While cryptos hold the possibility to have huge returns, as they often do, there might also be losses. Therefore, it is crucial to look at different options before settling on one. However, it is crucial to remember that this listicle is not financial advice.