Are you interested in learning the 8 best cryptocurrency to invest in 2022? Read along with me.
If you are willing to accept that cryptocurrency is a high-risk bet with a chance of paying off, but also that you could lose all of your money, it could be a good investment.
In 2022, the price of cryptocurrencies, including bitcoin, has been plummeting because of a global crypto price crash. There are about 20,000 cryptocurrencies in circulation today.
However, crypto experts believe that when the crypto sector matures, up to 90% of these coins and blockchain networks will disappear. The few coins that survive the crypto apocalypse will continue to increase exponentially, making its HODLers ridiculously wealthy.
What is Cryptocurrency
Cryptocurrency, often known as crypto, is a digital currency that functions as a medium of exchange over a computer network and is not supported or maintained by any central authority, such as a government or bank.
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8 Best Cryptocurrency to Invest in 2022
The 8 best cryptocurrency you invest in 2022 include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Solana (SOL)
- Uniswap (UNI)
- Cardano (ADA)
- Ripple (XRP)
- Polygon (MATIC)
1. Bitcoin (BTC)–Long-Term Best Crypto Investment: The Best ‘Buy the Dip’ Crypto
Bitcoin is the ‘parent’ of all cryptocurrencies, having been launched in 2009. It is the largest and most widely used cryptocurrency in the world.
The value of Bitcoin has dropped significantly in recent months after reaching an all-time high of $68,990 per token in November 2021.
This may appear to those who are unfamiliar with cryptocurrency trading as ‘a red sign,’ but it is a dream come true for long-term investors.
Bitcoin has proven to be resilient in the face of adversity and has consistently risen to the top of the cryptocurrency market.
BTC is currently trading at roughly $31,000 per token, making now an excellent moment to ‘buy the dip’ and hold until the price rises.
Bitcoin is expected to hit $70,000 by the end of the year, according to some experts.
Maturity: Easy to mature
Coin community: Has a large community with a market gap of $880 billion
Purchase acceptability: It is known Worldwide
Investment risk: It is risky like others.
Volatility: It is volatile
Legality: The Bitcoin is legal
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2. Ethereum (ETH) – Cryptocurrency’s Most Promising Long-Term Investment
ETH is one of the 8 best cryptocurrency to invest in 2022. Ethereum, the world’s second-largest cryptocurrency behind Bitcoin, doesn’t require any kind of official introduction.
For good reason, Ethereum’s blockchain is the most widely utilized network for decentralized apps (dApp) in the world.
Ethereum’s blockchain is the ideal foundation for all of these varied applications due to its strong, smart contract capability. Smart contracts eliminate the need for an intermediary, allowing for completely decentralized transactions.
Ethereum has been chastised in recent months for its high gas fees, but it appears that the developers have discovered a solution in the form of Ethereum 2.0.
The proof-of-work technique will be replaced by a proof-of-stake mechanism, which is regarded to be far more efficient.
This will not only improve the scalability of the blockchain, but will also significantly cut gas expenses.
Because the improved version of Ethereum is expected to be published in August 2022, June is an excellent time to buy ETH.
Maturity: Very easy coin to mature
Coin community: Market gap of $415 billion
Purchase acceptability: Ethereum is known Worldwide
Investment risk: It is a risky cryptocurrency
Volatility: It is volatile
Legality: The Coin is legal.
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3. Binance Coin (BNB)–Best Crypto Exchange-Based Token for the Long Term
Binance Coin (BNB) is a cryptocurrency that can be used to trade and pay fees on one of the world’s major cryptocurrency exchanges, Binance. TheCoin has grown beyond simply conducting deals on Binance’s exchange platform since its introduction in 2017.
Now, it may be used for commerce, processing payments, and even booking travel. It can also be traded or swapped for different cryptocurrencies, such as Bitcoin or Ethereum.
The cost of BNB was only $0.10 in 2017. Its price had climbed to nearly $300 by early June 2022, a gain of around 300,000 percent.
Maturity: Very easy to mature
Coin community: Market gap of over $68 billion
Coin purchase acceptability: BNB is known Worldwide
Investment risk: It is risky
Volatility: It is volatile
Legality: The Binance Coin is legal.
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4. Solana (SOL)–Best Token for Long-Term Smart Contracts
SOL is one of the 8 best cryptocurrency to invest in 2022. Solana is an open-source crypto project that uses blockchain technology to develop decentralized banking solutions (DeFi).
The project has insane scaling capabilities, allowing users and developers to transact for less than $0.01.
Solana is not only exceptionally fast and cost-effective, but it is also immune to censorship, ensuring that the network is constantly available for new apps and transactions.
Since its inception, Solana has been consistently reaching new all-time highs, attracting the interest of every investor in the community.
Experts expect that the surge will be around 400 percent in the coming months.
Maturity: Very easy to mature
Coin community: Market gap of $44.5 billion
Purchase acceptability: Solana is known Worldwide
Investment risk: It is risky like others
Volatility: It is volatile too
Legality: Solana is legal
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5. Uniswap (UNI) – Best Decentralized Exchange Token for the Long Term
The next best coin to consider is Uniswap. Uniswap is most known for its famous decentralized exchange, which allows users to purchase and sell digital currencies without the involvement of a middleman.
Uniswap presently has a market valuation of $5.70 billion as of early 2022, because of its popularity.
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6. Cardano (ADA) is the safest long-term cryptocurrency investment
Cardano (ADA) is a cryptocurrency that aims to address both Bitcoin’s scaling concerns and Ethereum’s smart contract deployment features.
ADA has doubled the number of smart contracts based on its blockchain since modernizing its network in late 2021, making it a legitimate challenger to Ethereum.
They have also introduced other fascinating features such as token creation in addition to smart contracts, and it has had one of the best results in the last year (around a 720 percent increase in value).
It has a good possibility of being one of the most profitable currencies in 2022 if all goes according to plan with the smart contract innovations.
Maturity: Cardano is very easy to mature
Coin community: Market gap: $30 billion
Purchase acceptability: Cardano is known Worldwide
Investment risk: It is risky
Volatility: It is volatile
Legality: Cardo is legal
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7. Ripple (XRP) – A Cryptocurrency for Digital Banking
Ripple is one of the 8 best cryptocurrency to invest in 2022. XRP is a worldwide payment platform that collaborates with some of the world’s major financial institutions to help them reduce their reliance on banks.
It was, for a long time, the third-largest crypto in the community by market capitalization, trailing only BTC and ETH.
Despite some setbacks since then, many people anticipate that the XRP will regain its former grandeur in 2022.
The outcome of the SEC trial will be one of the factors determining this. Many traders anticipate Ripple will prevail in the lawsuit, which will have a significant impact on its price soon.
Maturity: Ripple is very easy to mature
Coin community: Market gap: $40 billion
Purchase acceptability: Ripple is known Worldwide
Investment risk: It is risky
Volatility: It is volatile
Legality: The Coin is legal
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8. Polygon (MATIC) is the best Ethereum-based long-term token.
Polygon is one of the cryptos that plays an important part in the Web3 architecture since it is a layer-2 platform that helps to reduce Ethereum transaction costs.
It was created to assist infrastructure development and speed to assist infrastructure development and speed up Ethereum’s scaling process.
Many traders expected Polygon’s value to plummet when Ethereum 2.0 became available, yet the reverse is true. The developers have announced that ZK rollups, which can be merged into Eth 2.0 and provide extra scalability potential, will be released.
Maturity: Polygon is very easy to mature
Purchase acceptability: It is known Worldwide
Investment risk: It is also risky
Volatility: It is volatile
Legality: The Coin is legal
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Pros and Cons of the Best Cryptocurrency to Buy
Pros | Cons |
The best cryptos are used in making numerous financial transactions. | Cryptocurrency is volatile and totally unreliable in the short run. |
These best cryptocurrency transactions cannot be traced back to any person, meaning that it has high anonymity. | This Cryptocurrency decentralization is a setback because no unit to reimburse traders in time of theft |
The best Cryptocurrency transactions have high security and transparency. | Financial institutions do not accept these best Cryptocurrencies in Nigeria. |
These best Cryptocurrencies in Nigeria have no interference from the government, banks, and other regulatory authorities. | These best Cryptocurrencies can be taxed by the Government or transactions restricted. |
These best cryptocurrencies are a great long-term investment for traders and investors. | Some of these best crypto’s usefulness as an alternative to fiat currencies is limited. |
7 Factors to Consider Before Choosing the 8 Best Cryptocurrency to Invest in 2022
After knowing the crypto coin you should invest in? Consider several other factors that set different coins apart from one another. The following factors are:
- Coin maturity
- Coin technology
- Coin community
- The Coin purchase acceptability
- Coin investment risk
- Coin volatility
- Coin legality
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Conclusion
Cryptoassets are an unregulated, extremely volatile investment commodity. In the United Kingdom and the European Union, there is no investment protection. Therefore, if you want to venture into it, know all it takes or you get an expert to help you out.