Cryptocurrencies have become one of the hottest investment options in today’s technology-driven world. Considering the beginning of it all, the cryptocurrency market has grown by leaps and bounds. And in this guide, we’ve crafted a list of the best coins to invest in 2022.
If you’re just getting started with crypto, and want to be sure not to miss crypto’s next blockbuster, then you’ve come to the right place. In this post, we’ll go over why cryptocurrencies are so popular today, how people began investing in cryptocurrencies in the first place and what we expect will happen in 2022.
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What coins to invest in 2022?
Everyone wants to know what coins are the best to invest in in 2022. You want to know what will make your portfolio value, increase in value and just plain keep you happy with your money. Well, if you want my honest opinion (which I will always give) then there are a few coins that stand out with their potential success and growth.
The top best coins to invest in 2022 are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Ripple (XRP)
- Algorand (ALGO)
- ThorChain (RUNE)
- Loopring (LRC)
Bitcoin (BTC)
Since its creation, Bitcoin has been at the forefront of a movement in technology and finance. A lot has happened in the world of crypto since Bitcoin’s first implementation, but one thing remains true: no one can deny that Bitcoin is still the most dominant cryptocurrency in the world.
The word “Bitcoin” has been famous all over the world, and it still is. Bitcoin is like Pokemon Go, only more serious and actually has some value. People have heard about Blockchain, and Bitcoin, but most don’t understand what it is. The language barrier can prevent many people from learning about the crypto space and investing in it.
The bitcoin use case is pretty solid. It is the world’s first decentralized digital currency that can be used for peer-to-peer transactions without an intermediary, i.e., without a bank or other financial institution. It has been in existence since 2009 and it’s still considered one of the most secure digital currencies out there.
Read also: Best ways to earn Bitcoin for free
There are a lot of new cryptocurrencies every year and they all have their own advantages. For example, Bitcoin has the advantage over other cryptocurrencies because it was created to be easy to use. This means that you don’t have to download hundreds of applications and send them to your phone just because you want your transactions and transactions with Bitcoins to be fast, anonymous, and secure. You just need to install a wallet and start using it immediately.
Bitcoin is one of the best cryptocurrencies to invest in 2022.
Ethereum (ETH)
As one of the most recognized blockchain startups, Ethereum has proven its reliability and helped it to become the second most dominant cryptocurrency in the world.
In fact, after Bitcoin, Ethereum is the second-largest coin in the market cap terms. The price will increase and fall over time, just like everything else in the financial world. But it’s important to understand this asset because it can lead you down the path of making a lot of money while you’re young.
Ethereum has the advantage over the other cryptocurrencies because you do not need a very expensive computer to mine it. It also makes sense for a platform that allows you to negotiate peer-to-peer transactions to be decentralized because even though there is an Ethereum price for each bitcoin, no one is able to control how much each person will pay for what item. Having said this, Ethereum is more mainstream than Bitcoin which makes the virtual currency more convenient for those who wish to buy stuff in the real world.
Read also: Everything you need to know about Ethereum
The use case for Ethereum is pretty great — it has real-world implications. Most people won’t realize it, and the general population doesn’t give a damn about blockchain, but there are actually a lot of exciting use cases out there that are fueled by the technology behind Ethereum.
Coinpedia predicts a price higher than $12,962.33 in 2022 if – big if – Ethereum’s upcoming transition to Ethereum 2.0 is successful. The new upgrades could potentially make it more affordable for users to mint and develop products, as right now the service fees to use are notoriously high.
Cardano (ADA)
Cardano is one of the best investments in cryptocurrency right now with a price short of $0,50. This is not only due to Cardano’s fast growth rate and a great community, but also because it is made by a team of very experienced developers who finally came up with a real solution to how blockchains should function.
Cardano’s token is called ADA, and the blockchain is amazing because it’s very secure. It makes it so that only approved people can add new tokens – and there are no major hacks to speak of! To be honest, I’m not entirely sure why this crypto token is so famous. The only reason I have is that there’s no central server or company controlling the system. It’s really amazing how Cardano was able to build such a decentralized system!
Read also: The pros and cons of staking with Cardano
Cardano’s blockchain is used by companies and organizations to make payments, create smart contracts, and many other things. This blockchain is named after the Greek god of wisdom. The token on this blockchain is called ADA and it’s the currency that powers Cardano’s ecosystem.
In the short-term, Cardano may need to re-test historical support at the $0.3 level to fill the void in the large impulse move it made to the upside during the 2021 Cardano bull run.
For the Nasdaq analyst’s Cardano forecast of $10 in 2022 to play out at this point, it would likely require the current red monthly candle on the Cardano price chart to close green, leaving only a wick and short deviation below support – a ‘fake out’ to the downside before reclaiming $1.
Ripple (XRP)
XRP is one of the most popular cryptocurrencies on this list. XRP is a useful token providing low transaction fees and fast transactions. It is also unique in that it can help you send money anywhere in the world instantly, while other coins take days or weeks to process and confirm payment.
Ripple is more than just an exchange of value. It’s a way to make cross-border flows easier and faster while providing multiple currency options to our customers. The Ripple community has been growing rapidly over the past six years, and we’re continuing to be ever more engaged with our supporters – which is exciting!
Ripple’s underlying technology of xCurrent offers more than just a crypto-to-crypto exchange. xCurrent uses a shared ledger, which sits on top of the Ripple network to connect banks and other financial institutions. This allows for simpler cross-border transactions and instantaneous settlement.
The long-term XRP price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $3.84 this year – one of the best coins to invest in 2022. However, that will only happen if it breaks many previous psychological resistances it attained in the previous years.
Algorand (ALGO)
Algorand is a great cryptocurrency to invest in in 2022 because it has a solid team, large market cap, and toponymic resemblance to its lead developer. Also, Algorand has already been listed on some exchanges that are reliable and secure.
It’s been a long time since crypto wasn’t one of the most talked-about topics in people’s lives. Today, numerous cryptocurrencies are traded on dozens of exchanges and even more, accounts are registered daily on trading platforms in different countries worldwide. Many believe that this is just the beginning and that the popularity of cryptofinance will continue to grow over the next few years.
There are several reasons that contribute to this popularity, but first, we should consider what makes Algorand unique from other cryptocurrencies.
Algorand is a great cryptocurrency because it has a high standard of privacy, low cost, and the ability to transfer value without the use of middlemen. It’s not just one of the best cryptocurrencies in the market, but one of the most powerful.
ThorChain (RUNE)
ThorChain Rune is a new cryptocurrency that is about to explode. It’s an excellent way to invest in 2022, and it’s projected to reach a value worth $5 billion in 2022.
Thorchain is a blockchain smart contract platform that aims to bring together many existing projects, create new ones and help them all be more efficient. This will hopefully bring crypto to the mainstream as much as possible. It’s a scalable public blockchain, it’s open-source and decentralized, and it has built-in scalability to allow you to use blockchain technology without having to deal with issues like transaction fees, slow transaction times, and slow user experiences.
Some cryptocurrencies are known to have a good reputation compared to others. The reason is that the cryptocurrency has a strong community, which is why it is considered one of the most popular cryptocurrencies in the market today. Thorchain RUNE has been declared an excellent choice for investors because it has features that make this particular cryptocurrency stand out from the rest.
The Thorchain’s use case is to provide the services of a decentralized exchange, THORChain needs to have large decentralized pools of tokens. These pools are used to facilitate trade between different blockchains.
The bullish price prediction of THORChain (RUNE) in 2022 is $13.626. On the other hand, the bearish price prediction of THORChain (RUNE) for 2022 is $1.441.
Loopring (LRC)
Many people think that Bitcoin is the future of Crypto and the go-to cryptocurrency to invest in. However, there are many different coins that you should not miss out on. One of them is Loopring: Loopring is a blockchain-based platform that aims to complete the traditional centralized order book trading model by adding order matching, ring matching, and asset settlement services.
The crypto market has been experiencing an influx of attention in the last couple of years. Even though you may have heard about Loopring before, it has become a very noticeable, yet underrated asset.
Loopring has the advantage over the other cryptocurrencies because of its “one-stop shop” architecture, which is powered by a smart contract protocol that abstracts away from blockchain issues. Loopring’s multi-token trading engine can reduce trading time and costs, making micro-transactions possible.
Loopring is a decentralized exchange protocol building reference decentralized exchange, an open-source protocol that aims to replace the existing centralized order books on cryptocurrency exchanges with a decentralized one. Loopring is made up of two main components:
- A smart contract that contains an order book
- An autonomous trade matching engine.
The LRC price can reach a maximum price of $1.31 by the end of 2022. The average Loopring price throughout the year will be around $1.22 as per the Loopring LRC price prediction.
Conclusion
Cryptocurrency is changing the world right now and it has the power to make a big impact on our future. That sums up what cryptocurrency is pretty nice. You see, cryptocurrency is purely digital money that has no banks or governments to control it. It exists solely online, and in theory, should be used as a form of payment on the internet.
Nowadays, crypto is doing far more than just performing transactions online, though many have jumped on this opportunity as well. The purpose of this article isn’t to get into the nitty-gritty when it comes to cryptocurrency (though we could). Our main focus is what you should expect from and what are the best coins to invest in 2022 .
If you believe in the power of technology, then you probably believe in the growing trend that cryptocurrency has for the future. Cryptocurrency coins will be used as a way to complete online transactions, and as a method for companies to transfer money around the world. Even better, cryptocurrency like Bitcoin is getting more and more investment money every day. It is safe to say that if you invest in cryptocurrency today, you will see great benefits from your investment 10 years from now.
