The cryptocurrency market should be in the spotlight and become an attraction point for everyone over the past few years. The Crypto market is growing very fastly compared to any other market. According to the expert’s prediction, by the end of 2025, the number of Bitcoin wallets will reach one billion wallets which is a considerable number.
We are not saying only Bitcoin is performing well, and other cryptocurrencies are also rapidly increasing their market cap and attracting people, such as Ethereum, Bitcoin, Shiba Coin, and Dogecoin. And others. As per the past performance, this Distributed Finance market is growing impressively.
This market was attracting more users in 2021. Now the year 2021 is in its final months. People are looking for 2022 investments and searching for the best cryptocurrencies to invest in 2022.
For new traders who are unfamiliar with the crypto market and interested in investing in cryptocurrency, read this article until the end to collect complete details about cryptocurrency trading. Then, check here a list of cryptocurrencies to invest in 2022. But before that, you need to understand what cryptocurrency is and how it works.
What Is Cryptocurrency?
Cryptocurrencies are digital currencies that you can buy and sell over the crypto market to earn profits. It is a decentralized currency that any banking authorities or central government do not operate. However, cryptocurrency functions anonymously and does not depend upon the traditional banking structure.
All transactions are available online, and anybody can access those transactions. Anybody can trade cryptocurrency through mobile phones and other devices with an internet connection. Decentralization factors allow you to generate limitless profit. Check here the list of Best Cryptocurrencies to invest in 2022.
If we compare the performance of the cryptocurrency market, we see significant growth from 2016 to 2021, and experts are forecasting the growth will continue like this for at least 2030. If the crypto market continues growing like this, the number of users will reach 1 billion or more by 2026.
Key points for selecting the Best cryptocurrencies to invest in 2022.
Selecting cryptocurrencies for investments is not an easy task. It would be best to do a lot of research work before investing in any cryptocurrency. Several questions came into your mind while investing in crypto.
The major factor that stops people from investing in the cryptocurrency market is decentralization. However, many people from different nations are investing in the crypto market without any worries; as per this quote, “huge risks lead to efficient profit.”
Here we mentioned some factors that you need to consider while selecting the Best cryptocurrencies to invest in 2022.
- Must check adoption rate
- Selected cryptocurrencies have an excellent market cap.
- Check whether cryptocurrency has a market competitor.
- Check the past performance of selected cryptocurrencies.
- Whether cryptocurrency is working actively or not.
A closer look at Best Cryptocurrencies To invest in 2022
Ethereum (ETH): Best Known for its Cryptocurrency Ether
Ethereum is a cryptocurrency that is a blockchain-based network. ETH denotes it. Ethereum is one of the top contenders on the best cryptocurrencies list for 2022 investment. This cryptocurrency is making its place in the list due to its efficient contract functionality.
Efficient contracts are similar to paper contracts that take place while all conditions are satisfied without the involvement of third parties like the bank or central government.
Coders use the Ethereum network to generate multiple offerings such as Security Tokens, Decentralized Exchange, non-fungible tokens used to change art, and several other valuable items.
Ethereum developers are looking to create a new cryptocurrency as the ethereum second version with Ethereum’s ERC-20 token standard.
Recently, ethereum switched its working mechanism to a PoS (a Proof of Stake) from its old PoW mechanism and the ETH 2.0 upgraded version. As we mentioned in our ethereum price prediction, this cryptocurrency is performing well in the upcoming future.
The factor which supports Ethereum (ETH) in becoming a top investment
- Ethereum has the second-largest market cap after bitcoin.
- It consists of the largest blockchain network for decentralized applications.
- Ethereum is the only coin that should be considered after Bitcoin as the best cryptocurrency.
- Several products such as Smart contracts, NFTs, and security tokens need ETH to run on the blockchain.
- Still, Bitcoin needs to improve its lightning network for running smart contracts. Moreover, even if Bitcoin upgraded its core roots, it would only be able to offer simple contract functionalities. These factors make Ethereum more efficient in creating its place in the list of Best cryptocurrencies to invest in 2022.
Ethereum Price Prediction for the year 2022
As per the expert’s price prediction, this coin will reach $5,324.55 by the end of 2021, which shows 56% from the recent price which is $3,411.32.
Experts forecasted that it will reach its high in 2028 with the cost of USD 16,142.80 nearly in the fourth quarter of 2028. This growth shows a rise of 371.64% from the current price and a yearly return of 24.8%.
After the announcement of an upgraded version of ETH 2.0, its growth results show positive ratios. According to the experts, as of 2021 average price by the end of the year is $4,596, which can predict December 2025 price will go up to $17,810.
We can see a 41% high in year return rate through this data until December 2030. By keeping this data in mind, traders can consider Ethereum to invest in 2022.
Cardano (ADA): A Cryptocurrency focusing on creating a stable Ecosystem
This cryptocurrency entered the market in 2017. It is a third-generation digital currency developed on Bitcoin and Ethereum but consists of more sustainability, Scalability, and security.
This cryptocurrency is not as popular as Ethereum and bitcoin, but it is considered a highly watched cryptocurrency as per a survey. It holds second place in the list of best cryptocurrencies to invest in 2022.
What makes Cardano (ADA) an efficient investment?
- Cardano is more energy efficient compared to other cryptocurrencies. For instance, Cardano uses six-gigawatt hours, whereas bitcoin and Ethereum use 130 terawatt-hours and 50 terawatt-hours (before the upgrade).
- This cryptocurrency network works based on PoS methodology, and investors can stake their ADA.
- Ethereum founder Charles Hoskinson is a member of Cardano.
- Cardano can process 257 transactions per second which is much faster than bitcoin.
- This crypto has already started being used for Finance, Agricultural projects, and Healthcare.
- This cryptocurrency has a limit of supplies up to 45 billion ADA, whereas some crypto does not consist of limitations. They are limitless.
Cardano Price Prediction for 2022
In the fourth quarter of 2021, Cardano is at $2.71. As per the expert’s price prediction, the Cardano will reach $3 by the year ending and touch the high of $12.66 in 2025, which shows an increment of 355%.
According to long-term foresting, by 2030, the Cardano price will reach $ 19.01 with an increment of 583%, 24.2% annually.
Bitcoin (BTC) : An Evolution in Cryptocurrency
Bitcoin was the first cryptocurrency that came on the market in 2009 through an individual or group named Satoshi Nakamoto. The Bitcoin network works on blockchain ledger technology, a complicated network of thousands of Advanced computers.
Bitcoin should be secured by a solitary mechanism known as PoW (Proof-of-Work). Bitcoin transactions take place with a maximum throughput of nearly seven transactions per second, and it takes 10 minutes to create a new block. As a result, Bitcoin holds third place in the list of Best Cryptocurrencies to invest in 2022.
Factors that make Bitcoin better than others
- Bitcoin holds the largest market cap and the title of the first cryptocurrency. These two factors make bitcoin the most popular cryptocurrency on the market. Even When people think about crypto, the first name that comes into their mind is Bitcoin.
- Bitcoin is increasing steadily. When EI Salvador declared Bitcoin as the national currency, it gained more popularity in the market.
- Bitcoin is the cryptocurrency selected for the Store of Value (SoV) which is considered a store of value asset like gold.
- As per the Blockchain center data, it is found that in the initial six months of 2021, around 488,000 Bitcoin addresses were created daily. And the total should be approximately 88,365,209.
Bitcoin Price Prediction for 2022
According to the several price predictions for 2022 and Bitcoin investor Tim Draper’s forecast, Bitcoin will touch $ 250,000 by 2023 and reach between $200 to 300K at the end of 2021 (December) and the beginning of 2022 (March).
As per the highest price prediction for 2022, bitcoin will touch USD 90,127.56 in the first quarter of 2022. According to the 2022 prediction, it will reach $318,417 by the end of 2025 and touch the high of $4.2 million by 2030.
Shiba Inu (SHIB): Overall Popular Cryptocurrency
Shiba Inu is quite a new cryptocurrency launched in August 2020 by an anonymous person or group named Ryoshi. The developers of Dogecoin created it. It works based on a Blockchain network like other cryptocurrencies. Moreover, it works based on the Proof of Work mechanism.
It is currently making its place in the market. It may have a market cap of $6.42 billion, but still, it is performing well in the market. Therefore, investors can consider these the Best cryptocurrencies to invest in 2022 due to their rapid growth, which we can see currently.
Factors that make Shiba Inu better in others
- Shibu Inu was created on the Ethereum Blockchain, which is an ERC-20.
- It was developed by an anonymous person with the same name Royoshi and named Dogecoin Killer.
- Currently, there are approx 400 trillion SHIB tokens circulating in the market, along with the maximum supply of one quadrillion tokens.
- Shibu Inu coin developers created an ecosystem of three coins called SHIB, BONE, and LEASH, and its decentralized exchange is known as ShibaSwap.
Shiba Inu Price Prediction For 2022
As per the expert’s price prediction of the Shiba Inu coin, the coin will reach $0.00000181 at the start of 2021, and In July 2021, the coin had touched the price of $ $0.00002123 which means the price increased 1073% compared to the previous months. In the fourth quarter of 2021, the coin price fluctuated nearer to $0.00002123. This ratio shows a chance of a huge increment in the Shiba Inu prices.
According to the price prediction for 2022, in the first quarter of 2022, the coin will reach nearer $0.00004034. After that, the coin price will touch $0.00004855. In the second quarter, $0.00001457 would be included in The coin costs. The year will end with approx +197% profit.
Binance Coin (BNB): Can be the Most performing cryptocurrency
Binance Coin (BNB) is a cryptocurrency used for trading and paying fees on the Binance crypto exchange. You can also trade Binance for other cryptocurrencies like ETH & BTC. This coin holds the fifth position in the list of Best Cryptocurrencies to invest in 2022.
Factors that make Binance Coin a good investment.
- This coin comes with a good range of applications and advantages. Unfortunately, it went on the market in 2017, and it is only just for trading.
- Currently, it holds the fourth position of the largest market cap of cryptocurrencies which is $70billion.
- This coin has the largest cryptocurrency exchange in the world.
- This coin is the method to pay for goods, transactions, and services on the Binance Smart Chain.
Binance Coin Price Prediction for 2022
As per the Binance Coin Price forecasting, in the year 2021, the Binance coin price will reach $ 572, which shows a year-to-year increase of +1432%. This coin price rose approx 32% from the year 2021 till now.
According to the prediction, the Binance coin price will touch $ 829 in the first half of the year 2022, and in the second half, $106 will be included in the Binance coin price. As per forecasting, 2022 will close at $935, which shows a +116% increment to the year 2021 prices.
Some Other Cryptocurrency to invest in 2022
Some other cryptocurrencies showing incredible growth in upcoming years are Polkadot (DOT) and Solana(SOL). All these coins have been performing well recently, and you can consider them to invest in 2022. Traders looking for risk-free brokers to buy them can purchase them from a few leading brokers of the market: ROinvesting and 101investing.
Now we reach the button of the article where you have 5 Best Cryptocurrencies to invest in 2022. The cryptocurrency market is becoming an attraction point for people due to its huge profit potential. Here we discuss the top 5 cryptocurrencies which are performing well in the market and are a good option to invest in 2022 to earn remarkable returns.