10 Best Crypto to invest in 2022
Are you confused about which crypto asset to invest in? Here is a list of the 10 best crypto to invest in 2022.
Crypto Assets Performance
We all are aware of crypto assets and have been following the news lately. Daily we keep track of crypto exchanges and are waiting for the day when Bitcoin would again cross $60000 mark. Many experts predict the price of Bitcoin to be as high as $100,000 in the coming years.
However, investing in only Bitcoin is not a good strategy and only Institutional buyers and corporates could afford Bitcoin. Still there are many other crypto assets with potential to explode where you can put your savings in.
Crypto Assets invest in Year 2022
Year 2021 was the crypto year. There were lots of excitements and high returns too. Bitcoin reached $69000 for the first time. However, at the beginning of new year the market came down. Only a few of the crypto assets gain despite struggling market.
In March the market cap again crossed $ 2Trillion (according to CoinGecko). This shows that interest in crypto assets would not wane soon and this would be a high return year too.
With the volatility and unpredictability in mind, our experts have picked some of the crypto assets that would perform superbly.
Let us take a look at the 10 best crypto to invest in 2022.
- Ethereum – Ethereum should definitely be on your list to invest in 2022. It became popular because it is a decentralized, open-source Blockchain with smart contract functionality. Which means that anyone can create & deploy DApps on Ethereum Blockchain.
The native currency of Ethereum is Ether. The market cap of Ether is more than 300 Billion USD. This Blockchain also paved the way for DeFi applications and NFTs. Many other crypto assets operate as ERC-20 token on Ethereum and have offered Initial Coin Offering through this Blockchain too.
Ethereum is all-set to bring in upgrades which includes transition to proof of stake and other updates too. Keep an eye on this crypto asset, it would give good returns.
- Binance Coin – Binance coin is the native crypto asset of Binance Blockchain. It is currently the third largest crypto asset by Market Cap. Binance coin is a utility token with numerous benefits such as entertainment, online and financial services. Binance coin has a total supply of 200 Million. Every quarter, Binance uses one-fifths part of profits to repurchase and burn Binance coins held in its treasury.
Market cap of Binance is more than 60 Billion USD.
- PlatinX – PlatinX is a token that went live in 2022. It runs on Binance Blockchain and has the lowest block rate. PlatinX provides various utilities such as tradable asset with peer-to-peer methodology to operate with decentralized systems. It is open-source and public designed therefore there is high level of transparency and scalability. Although it is still in its nascent phase, but the token has been making waves in many exchanges.
- Stellar – Stellar is an open-source decentralized protocol for cross-border, low cost transactions between any pair of currencies. Stellar went live in 2014 and since then it has been making waves in the crypto world.
According to its website Stellar makes it easy to create, send and trade digital representations of all forms of money. The native currency is Lumens (XLM). Stellar is also the currency for Mercado Bitcoin, Brazilian bitcoin exchange. Market cap of Stellar in 2022 is 4 Billion USD.
- Terra – Terra is a public Blockchain protocol that enables algorithmic stablecoins. Stablecoins are popular today because of being pegged to a reserve asset such as US Dollar. Terra has two main crypto assets – Terra and Luna
Terra protocol maintains the price of Terra coin by balancing the supply & demand through Luna. Luna is used for governance and mining. Crypto assets are highly volatile however Terra reduces this volatility by price peg feature.
- Monero – Monero is a decentralized crypto asset. It utilises privacy enhancing techniques to achieve anonymity and fungibility. This means that any third party cannot decipher transaction amount, address, balance or history. Some of the features used by Monero to obtain anonymity are – Ring Signature, Zero-knowledge proof, stealth address etc. This privacy feature has attracted a lot of people and currently it has the third largest developer community after Bitcoin and Ethereum.
- Litecoin – Litecoin is an early spin-off of Bitcoin and it is nearly identical to Bitcoin too. It is an open-source, peer-to-peer technological software. There were technical difficulties in Bitcoin mining and to overcome that, this new payment system was created. It utilises hashing algorithm Scrypt function.
Litecoin was released via open-source client on GitHub in 2011. And the use of different hashing algorithm decreased the block generation time by 2.5 minutes. Currently the market cap of Litecoin is around $7 Billion
- DogeCoin – Dogecoin went live in 2013. The payment system was originally created as a joke, to make fun of crypto assets. However, it soon gained huge fan following, making it a legitimate investment prospect. Dogecoin utilises Scrypt algorithm and the transaction process takes only 1 minute to confirm. Today it is the accepted form of payment by some major companies such as SpaceX, Dallas Mavericks, Kronos etc.
- Cardano – Cardano Blockchain project was launched in the year 2017. Although the start was not remarkable however in 2018, this crypto asset jumped by 1520 % and came into investors radar. Cardano aims to provide a more balanced and sustainable ecosystem for crypto assets.
- Cardano aims to solve problems related to scalability, interoperability and sustainability on crypto asset platform. Currently the market cap of Cardano is around $26 Billion USD.s
During the recent market downturn when other crypto assets were declining, PlatinX was gaining steadily.
- Tether – Tether is a stablecoin that runs on Ethereum and Bitcoin blockchains. Tether is the brain-child of a Honk Kong company Tether Limited. It is pegged at the value of 1 USD. The aim of Tether is to keep crypto assets valuations stable.
Tether is the largest stablecoin by market cap. Tether also issues a crypto asset tied to the price of gold known as Tether Gold, backed by physical gold bars.
Bottom Line
This is the list of 10 best crypto to invest in 2022. However, before any investment, do your own research and get to know the future plans and adoptions of each of these crypto assets. Crypto assets are good investments as of now and you would not go wrong with the one mentioned above.
