Top Cryptocurrencies to Invest in 2022

Recent events have rocked the global economy- the impact of which can be felt across all trading markets. Be it the Russia-Ukraine conflict or the US Justice Department commissioning an FBI task team for tracking and seizing illicit digital assets- the crypto markets are also susceptible. However, this does not mean that there are no opportunities for investment growth. 

Top 10 Cryptocurrencies to Invest in 2022 

Traders investing in cryptocurrencies have varying expectations, ranging from investment period, sector, liquidity, volatility, short-term and long-term growth Here is a list of the top 10 digital assets one can invest in:

a) Bitcoin: Best Option for New-Entrants

Despite falling off its all-time high past $69,000 in November 2021, the world’s first cryptocurrency is also the biggest in terms of market capitalization. At 40%, Bitcoin commands a lion’s share of the global crypto market. It is a relatively safe option in terms of long-term holding. The valuation dip also provides a great opportunity to buy bitcoins as low as$40,000.

b) Lucky Block: Most Promising New Crypto Asset

Lucky Block debuted on the Pancakswap exchange in January 2022. Exp3ectations are high for this new entrant which aims to transform standard engagement in conventional lottery systems. Lucky Block features blockchain smart contracts to safeguard randomness and fairness in a lucky draw. Within a month’s span, this crypto asset featuring zero jurisdictional limitations for lottery participants grew from $ million pre-sale to over $200 million. 

c) Decentraland MANA: Best Option for Metaverse Investments

Web 3.0 and the upcoming metaverse technology are projected to reach more than a trillion dollars within a few years. At present, MANA tokens in the Decentraland ecosystem are some of the best metaverse investment options. The gaming platform comprises a 3D virtual world within the Metaverse. In addition to creating avatars, networking, and socializing, users can also trade land and virtual real estate. Estate holdings in Decentraland can exceed $1 million. In the span of a year, MANA tokens increased by 1400%.

d) Ether: Best Long-term Crypto Option 

The underlying Ethereum blockchain has higher use applications than Bitcoin. The second-largest crypto by market capitalization was launched by Vitalik Buterin in 2015 with a vision of improving existing Bitcoin features. Smart Contract coding facilitates agreements between two parties and can be easily completed with a single button click. ETH has grown 22000% in a span of 5 years and is better suited for the long-term.

Also Read : Crypto News: Bitcoin Soars, Ether Scales All-Time High

e) XRP: Cross-border Payments Crypto with over 200 Bank Tie-Ups

Ripple is one of the fastest blockchain architectures and specializes in international payments processing. It consumes less than 5 seconds for a transaction to complete using XRP.  XRP completes cross-border payment within seconds through a safe and secure crypto pathway.

f) Cardano(ADA): Most Promising Altcoin with Expert Development Team

Despite its ups and downs, Cardano still remains a popular choice in blockchain platforms for designing dApps. Similar to ETH, the open-sourced Cardano is also widely used for building smart contracts. The architecture is however built by renowned academics utilizing peer-reviewed literature. The system is much more stable compared to other blockchain networks.

g) AAVE: Best Upcoming Crypto in DeFi Sector

Aave is widely recognized as the best existing cryptocurrency in the developing DeFienvironment. Its network protocol facilitates crypto lending and borrowing. The promising digital asset also features smart-contract regulated liquidity pools for auto-setting interest and collateral ratios.  

h) Shiba Inu(SHIB): Best Meme-Centric Crypto

Shiba Inu created a storm when it arrived in October 2021. Within a month, the meme-based asset blew over 1000% backed by the buzz in Reddit and other social media platforms. SHIB is similar to Dogecoin but features tangible application options such as the ShibaSwap. Projections suggest SHIB will surge upwards throughout 2022.

i) Stellar (XLM): Best Crypto in Innovative Applications

Stellar is an interesting option for people looking to invest in assets with fascinating applications. The underlying distributed payments network features its indigenous token, the Stellar Lumens(XLM). The altcoin facilitates high-speed global payment transfer for all fiat denominations. The processing charges are nominal increasing the altcoin’s usability in traditional banking systems.   

j) Algorand(ALGO): Best Crypto Addressing Blockchain Scalability

Developed by Turing Award winner Silvio Micali, Algorand features the innovative PPoS(Pure Proof of Stake) blockchain mechanism. The novel mechanism tackles multiple blockchain scalability issues and features smart contract functionality and a highly proficient development team. Hence, it goes without saying, Algorand is an altcoin to watch out for in 2022.

Also Read : Top 5 Cryptocurrency Exchange Development Company

Wrapping Up

Rising crypto awareness and adoption, combined with fluctuating fiat valuations make cryptocurrencies a viable investment option. The crypto market will soon recover from the existing lows providing opportunities for traders and investors.