10 Of The Best Cryptocurrencies To Buy For 2022

DeFi and the Metaverse explosion gives these cryptos growth potential 

Last Updated December 20th 2021
15 Min Read

10 of the top cryptocurrencies to invest in for 2022:

The cryptocurrency market is directionless as we enter the last week of December. That said, many innovations are happening in the crypto space, and many of them could change the world. This makes current prices a perfect entry point into cryptocurrencies that could explode in 2022. 

Some of the aspects of blockchain where development is happening at an accelerated rate include DeFi and the Metaverse. For instance, play-to-earn gaming is increasingly becoming a way to make an income for many. This means the Metaverse could explode in 2022. 

Similarly, with Web 3.0 on a growth path, DeFi projects, and platform blockchains that can scale will experience an increase in demand. 

Based on this background, here are 10 of the best cryptocurrencies to invest in for 2022. 

The Best Cryptocurrencies To Buy For 2022:

 

Harmony (ONE)

Harmony (ONE) acts as a bridge between cryptocurrencies and is able to connect Proof-of-Work and Proof-of-Stake blockchains seamlessly. 

Harmony works by using something it calls FlyClient Architecture. Through this architecture, all developers have to do is simply change their "Chain ID" which creates identical EVM executions at the bytecode level - even when migrating from another blockchain with a different consensus algorithm.  

FlyClient architecture conforms to the ideals of decentralization too. It is trustless, low cost, and can easily scale – can secure tens of millions across multiple cross-chain assets for Ethereum and Binance Smart Chain! 

Harmony is also fully compatible with major wallets such as Metamask and Ledger, further entrenching its usefulness as a cross-chain project. 

Harmony's use case is quite strong at this point in time. While blockchain technology is rising globally, there is a major issue with its scalability. One way this will be solved is through interoperability between blockchains. To understand why; imagine a scenario where email protocols are incompatible with each other, and Gmail cannot be sent to Yahoo mail. Chances are that email would never have taken off, right?

It is for this reason projects like Harmony will grow in importance not just in 2022, but for many years to come. Aside from its strong use case, Harmony has pretty good tokenomics too. 

Harmony's token economics is designed in such a way that the annual issuance of tokens is capped at 441 million tokens or about 3% of the total. On top of that, fees generated in transactions are burned, which means inflation will be zero as more people use the network. This is a huge incentive for investors to stake Harmony and drive up its long-term value. 

Based on Harmony's strategic use case and attractive tokenomics, ONE is without a doubt one of the 10 best cryptocurrencies to buy for 2022. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Kadena (KDA)

Kadena (KDA) is a platform blockchain that is optimized for the fast-growing DeFi space. One of Kadena's core strengths is that it can be used to build bug-free Dapps. Kadena optimizes security by using a technology called Pacts.

Pact is an automated tool that can detect and eradicate smart contract vulnerabilities. It does this through a process called "scanning" which looks for bugs in your code, making sure it's safe before launching on Ethereum or any platform blockchains. 

Pact makes Kadena perfect for financial Dapps where a single bug in the system can potentially lead to losses in the billions of dollars.

Another of Kadena's strengths is its ability to scale with ease. Kadena was designed with global finance in mind. The team behind Kadena has been working tirelessly to meet demand and continue scaling as more chains are added into the network while maintaining high transaction rates!

Essentially, Kadena is what DeFi needs for it to go mainstream. Considering that DeFi is one of the fastest-growing aspects of blockchain technology, Kadena's growth prospects are high.

To further optimize for growth, Kadena has low transaction fees. Kadena is designed so that a business can waive gas fees for its customers. Kadena does this through the use of cryptocurrency gas stations. 

Through these cryptocurrency gas stations, any business can offer customers free transactions by tapping into Kadena gas stations. This opens up the potential for exponential growth for Dapps developers, who will soon be creating millions more smart contract jobs than Silicon Valley ever could alone.  

A combination of security, industrial scalability, and low fees makes Kadena one of the best cryptocurrencies to buy for 2022, especially now that the US seems to be softening its stance towards DeFi.

 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Curve DAO (CRV)

Curve DAO (CRV) is a DeFi project that has grown in popularity throughout 2021. So what makes CurveDAO a good cryptocurrency to buy for 2022 when there are hundreds of other DeFi projects? 

Well, for starters, Curve DAO eliminates the problem of high transaction fees when swapping between assets of the same value. On top of that, Curve DAO is only used for swapping stable coins. This makes it perfect for investors looking to earn a passive income off DeFi, without exposure to the high volatility that comes with most cryptocurrencies. 

Curve DAO also allows for automatic and permissionless transactions. This makes it possible for investors to earn more off their stable coin investments, by lowering impermanent losses. Curve DAO achieves this by leveraging automated liquidity pools. 

Each pool contains specific pairs of tokens that can be used within it. As such, traders are guaranteed much higher odds and reduced impermanent losses than if they had attempted trades independently without support from other investors' orders or through the use of order books like it happens in a traditional exchange.

Besides the edge that Curve DAO has in the fast-growing DeFi space, investors are incentivized to hold CRV tokens. Curve's incentivizing boost mechanism provides traders with the opportunity to lock in their CRV assets for up to 4 years, thus earning more on liquidity and trading fees. 

This is possible because markets often depend upon high volatility or volume, which means that any trader who wants higher profits has no choice other than to wait them out! It's a process that favours long-term asset locking, and in the process, creates stability and growth for CRV tokens.

These factors make CRV an excellent cryptocurrency to buy for 2022 in anticipation of a DeFi takeoff. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Oasis Network (ROSE)

While DeFi is on an exponential growth path, it is not at par with traditional finance, especially when it comes to attracting big money financial players. While security and scalability are an issue, transaction privacy is an even bigger issue. No one will execute billions of dollars in complex finance on an open system where everyone can see what they are doing.

That's where Oasis Network (ROSE) comes into the picture. Oasis Network is designed for privacy in DeFi transactions. The Oasis Network facilitates the development of private smart contracts, scalability, and interoperability through unique features such as privacy protection for users. It offers a stable platform that can support mass-market adoption to create new innovations such as undercollateralized loans in DeFi.  

The Oasis Network is also opening up the world of data monetization at an individual level. Data is big business, but at the moment, only big tech corporations are making money off it. The Oasis Network takes a new approach to data called Tokenized Data. With this system, you as the data owner get to earn rewards for staking your sensitive data on apps that need it for them to function. 

Besides going heavy on data privacy in the DeFi ecosystem, Oasis is also one of the most scalable blockchains out there. This is all thanks to the use of a system called ParaTime. ParaTime is a new blockchain architecture that provides fast transactions and scalability. This allows ParaTime-based blockchains to be used in any application or use case, with the ability for anyone interested parties can create their version of it if they wish so too! 

Essentially, Oasis has everything that institutional finance needs to get into DeFi – privacy, multiple earning avenues, and limitless scalability. For this reason, it is easy to understand why Oasis Network makes it to the list of top 10 cryptocurrencies to buy for 2022. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ultra (UOS)

Aside from DeFi, another aspect of blockchain technology that could be huge in 2022 is the Metaverse. The expansion of the Metaverse is evident in the fast growth of major cryptocurrencies, such as Axie Infinity (AXS), and Sandbox (SAND). 

Going into 2022, the best bets are the small-cap Metaverse cryptocurrencies with the most potential for exponential growth. One such cryptocurrency is Ultra (UOS). With a market cap of a little under $500 million, Ultra has a lot of room to grow as focus shifts to Metaverse cryptocurrencies.

Besides the low market capitalization, there is a lot to look forward to with Ultra. One of the potentially big growth avenues for Ultra is that it allows for third-party participation in its ecosystem. 

The entertainment world is changing, and Ultra has been designed to take advantage. With no need for new services or account registration on their end, gamers can access an endless variety of games in seconds! We are excited about this platform because it's going beyond what people were doing before. 

Aside from variety, Ultra also gives users full control of any items they buy within the Ultra ecosystem. You also have the power to trade your items through 3rd party marketplaces.

Essentially, Ultra's core features are designed to attract users to the platform, and that's a plus to the long-term growth of UOS tokens. This makes Ultra (UOS) one of the top 10 cryptocurrencies to buy for 2022. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Atari Token (ATRI)

Atari is one of the world's largest, and most respected gaming engines. Now that it has a Metaverse blockchain, it is obvious that the world is bound to take note.  

The Atari token (ATRI) is designed to power Atari and the gaming world as a whole. Per the Atari website, Atari Token is a cryptocurrency for the interactive entertainment industry. It was created to become an alternative token for developers and publishers to monetize their products through smart contracts or integrate them into third-party platforms. 

The goal here isn't just about how much money you make off your game, but adoption and protections against copyright infringement- something that many gamers want without hesitation. This is a big deal and pretty much guarantees widespread token adoption going into the future. 

Another advantage to the Atari token is that Atari wants to make the token available on as many exchanges as possible. According to the Atari Chain website, Atari is committed to listing the Atari Token on lots of exchanges. Atari is also conscious about the kind of exchanges that list the token. The decision of which exchanges Atari will approach will be based on regulations, safety, and the average volumes of an exchange.

From this, one can tell that Atari intends to maintain its strong industry credibility even as it enters the Metaverse space. This is a positive indicator that as the Metaverse space grows, Atari is likely to draw in a sizable chunk of the money getting into this market. This quite naturally gives Atari token higher growth prospects than many other industry players. It also makes Atari token a top 10 cryptocurrency to buy for 2022. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

WAX (WAXP)

Still on the Metaverse and the potential it holds going into 2022, Wax (WAXP) comes off as a cryptocurrency worth keeping an eye on going into 2022. 

One of the aspects to WAX that makes it stand out is its ease of use. This is all thanks to a WAX toolkit called the Developer Hive. The Developer Hive offers documentation for quickly getting started and code samples that can be customized to fit any project needs, to ensure the security of transactions and sustainability goals.

This is a big deal because it opens up WAX to new gamers looking to make the most of play-to-earn gaming but have no idea how to go about it. By extension, this means potential value growth for WAXP, the token that runs the WAX ecosystem.

Besides being optimized for the creation and sale of games, and other NFTs, WAX is also cognizant of the need for environmental sustainability. This is a big deal considering that the world is at a point where many people are increasingly more conscious of the need to take care of the environment. 

In fact, part of the reason why a major blockchain like Ethereum (ETH) is shifting to PoS is to address the environmental concerns of investors. 

WAX is optimized for environmental sustainability by running on a carbon-neutral PoS blockchain. This means users can mint as many NFTs as possible without negatively impacting the environment. Carbon neutrality is a factor that could see institutional investors jump onto the WAXP train going into 2022. 

The best part is that, like the other Metaverse cryptocurrencies discussed above, WAXP is pretty low cap at the moment. With a market capitalization of a little under $900 million, there is a lot of room for WAXP to grow in the coming years. This also makes it one of the 10 best cryptocurrencies to buy for 2022. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH)

Ethereum (ETH) cannot miss amongst the top 10 cryptocurrencies to buy for 2022, and for a good reason. It is the number one platform blockchain and has established critical standards for DeFi and NFT projects.

Aside from its market dominance, Ethereum is about to completely get rid of the scalability problems it has been dealing with for years. This is being done through the transition to Ethereum 2.0, which will rely heavily on layer two solutions like Polygon (MATIC) to complete transactions. The result is that Ethereum transactions will become cheaper and faster, and in the process, eliminate a key selling point for most upcoming platform blockchains. 

On top of that, investors can now count on the deflationary nature of Ethereum. Ethereum became deflationary after the EIP-1559 upgrade also known as the London Fork, back in August. Just three months after the London fork, one million Ethereum had been burned as of November. This means by 2022, a lot more Ether will have been burned, further adding fire to the upside price trajectory of the Ethereum blockchain. 

Going into 2022, Ethereum is also set to benefit from weakness in its competitors. Some of Ethereum’s supposedly better competitors are beginning to show cracks. For instance, Solana (SOL) is a platform that prides itself on doing up to 50k transactions per second. 

However, it has successfully been attacked twice in the last three months. In one of the instances, the network went down for 17-hours. While Solana has overcome both attacks, they highlight Ethereum's core strengths of security and decentralization and could help draw in more users long-term.

The best part is that the transition to Ethereum 2.0 will likely be completed within Q2 or Q3 of 2022. This means Ethereum could draw in a lot of investor interest as people anticipate a rally after the upgrades.

All these factors make Ethereum a no-brainer cryptocurrency to buy for 2022. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Kusama (KSM)

Kusama (KSM) makes it to the list of top cryptocurrencies to buy for 2022 because it pushes innovation's boundaries. You can never go wrong betting on innovation in technology, and Kusama has it. 

Kusama runs on the same code as Polkadot but is designed for developers who want to try out new blockchain ideas. These ideas can then be implemented on Polkadot or any other platform. That's because Kusama is designed for interoperability.  

With regulations getting more pro-cryptocurrencies worldwide, 2022 could be the year when new ideas come to life. This means platforms like Kusama that are optimized for experimentation could record significant value growth. 

One way that Kusama is optimized for experimentation is through low transaction costs. It doesn't cost much to build on Kusama, making it perfect for startups trying to bootstrap their way to success.

Kusama also has the advantage of multiple use cases. Kusama can be used in industries as vast as gaming, decentralized oracles to social networking. This gives it a lot of potential in 2022, especially now that DeFi is transforming the world of finance.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Algorand (ALGO)

Algorand (ALGO) is one of the most innovative platform blockchains out there. It is highly scalable, has low-cost transactions, and has a fast-growing ecosystem on top of it. 

At the moment, many world-class applications are building on the Algorand blockchain. One of the top projects on Algorand at the moment is Climate Trade. Climate Trade is a blockchain project aimed at making Algorand more climate-friendly and more attractive to developers. 

Several other notable use cases for the Algorand blockchain are coming up, especially in DeFi. For instance, Circle, one of the world's leading exchanges, had a stable coin called USDC built on Algorand.

On top of all its advantages, such as low cost and scalability, Algorand is a permissionless blockchain. Algorand uses a pure proof-of-stake system. Anyone who wants to; can take part in the network governance in an environment of instant finality. With blocks finalized in seconds, Algorand's transaction speed matches those found within large payment networks like Visa and MasterCard while maintaining its decentralized nature!

With DeFi and other aspects of Web 3.0 set to gain traction in 2022, efficient platform blockchains like Algorand are also set to gain market traction. 

Besides, with a market capitalization of about $8 billion, there is a lot of room for Algorand to grow. This makes it one of the best cryptocurrencies to buy for 2022.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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