5 Best Cryptocurrencies To Buy On Low Prices In December 2022

Last Updated November 25th 2022
6 Min Read

These 5 Cryptocurrencies Are On A Rebound And Present Trading Opportunities

With many cryptocurrencies still in the red, investors have a perfect opportunity to buy good quality coins on the cheap.

It is on this basis that we have compiled a list of some of the best cryptocurrencies to buy on low prices in December 2022. All the cryptocurrencies in this list have pretty strong fundamentals, giving them the potential to rally going into 2022.

5 Best Cryptocurrencies To Buy On Low Prices In December 2022

Below, we’ve compiled a list of the best crypto coins to buy on low prices.

  1. Solana (SOL)
  2. Ethereum (ETH)
  3. Polygon (MATIC)
  4. Shiba Inu (SHIB)
  5. Harmony (ONE)

Solana (SOL)

Solana has been volatile all through the last month. Solana is bouncing between the $27 and $35 levels.

Solana is expected to push back above the $100 level. Besides the technicals, the fundamentals also point to Solana’s potential to trade in the green all through December 2022.

For starters, Solana has weathered two major network attacks without a major drop in the price. Solana’s correction so far is nothing out of the norm, and has been correlated to the broader market.

Price stability despite two attacks is an indicator that investors believe in the power of Solana. In essence, after hitting major support, there is a good chance that SOL could rally if the broader market turns bullish in 2022.

Besides its price actions after the attacks, Solana has an edge in terms of being carbon neutral. Per a recent Solana blog article, the Solana Foundation estimates that a single transaction uses less than 1,939 Joules. This is the same as running your refrigerator for about 11 seconds or keeping an LED light bulb on.

The world at the moment is in favour of ideas that can move humanity towards carbon-neutral living. This means Solana’s carbon neutrality will make it more attractive to institutional investors who owe their backers an environmental responsibility.

Solana is also quite attractive to developers because of its fast transaction speeds, and low costs. This has been the primary driver of Solana’s price since it launched, and it will still be instrumental going into 2022. That’s because DeFi and NFTs are still on a growth trajectory and Solana, for its efficiency, will keep attracting most of these projects going into 2022.

On the basis of these fundamentals, Solana makes it to the list of the 5 best cryptocurrencies to buy at low prices in December 2022.

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

Ethereum (ETH)

Ethereum hit lows of $900 in the middle of June, but in July pushed through $1500. However, Ethereum price is expected to push up to $2000 level.

If the uptrend momentum continues, which seems highly likely, then December 2022 could be good for Ethereum.

There is a lot to look forward to from a fundamentals perspective. Most of the hype around Ethereum has a lot to do with the anticipated transition to Ethereum 2.0.

Ethereum is also likely to keep benefiting from the London fork. Essentially, as more developers use Ethereum to launch their projects, it will have a positive impact on the price of Ethereum.

With Eth 2.0, and the scaling issues that have held back Ethereum for years now in the background, a lot more projects are likely to launch on Ethereum. Ethereum has also been a cryptocurrency of interest to institutional investors all through 2021, and this is unlikely to stop going into 2022. That’s because it is one of the largest and secure cryptocurrencies after Bitcoin.

With all these factors at play, Ethereum is easily one of the best cryptocurrencies to buy on low prices for 2022.

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

Polygon (MATIC)

Polygon hit its all-time high of $2.92 on 27th December, but since then the bears pushed the price down to around $0.86. 

However, Polygon has a lot of fundamentals in its favour. With Ethereum’s transition to Eth2.0 in its favour, Polygon’s use case will get even stronger going into 2022. That’s because since it launched, Polygon has positioned itself as an Ethereum Layer-2 scaling solution.

Investors are expecting that with Ethereum’s transition to Ethereum 2.0 almost complete, Polygon stands to benefit the most being one of the largest Layer-2 solutions. This means it is likely to draw in lots of investments going into December.

Polygon also has a number of other fundamentals that could see Polygon maintain upside momentum going into December 2022. One of the most important ones is that Polygon has a bounty program that helps keep the network safe by incentivizing white hat hackers. Already, the impact of this bounty program is being felt.

Earlier in December, a “white hat” hacker reported an exploit in Polygon's smart contract that has more than 9 billion MATIC tokens. The bug was quickly resolved by core developers after being notified about it on December 5th.

Another major development likely to inspire confidence in Polygon going into 2022 is its recent advancement in Zk Rollups technology. On December 9th, Polygon announced that Mir, a Zk Rollups startups had joined the Polygon ecosystem to utilize their groundbreaking technology and help build a new project called Polygon Zero. Polygon Zero is a highly-scalable blockchain that will help process more transactions per second than current alternatives.

With such a strong confluence of fundamentals and technicals, Polygon is one of the best cryptocurrencies to buy on low prices in December 2022.

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

Shiba Inu (SHIB)

Shiba Inu has been in a correction since October 2021 when it made an all-time high of $0.00008838. However, in the past week, it has been stabilizing, in what appears to be a consolidation.

There is a lot to look forward to for Shiba Inu bulls going into 2022. For starters, Shiba Inu adoption is on the rise. For instance, on December 9th, Bitpay announced that they would start accepting Shiba Inu.

Through Twitter, and their blog, Bitpay announced that with the Bitpay Card, you can use your Shiba Inu and other cryptocurrencies at any place that accepts MasterCard. The only difference is that with the crypto-based instead of pulling funds from an account, you use crypto instead.

Bitpay is one of the best-known platforms for spending cryptocurrencies. As such, the move to accept Shiba Inu has uplifted SHIB’s profile as an everyday currency and could help drive its value going into 2022.

Already, Bitpay’s move has started opening up the use case for Shiba Inu. For instance, Newegg and AMC Theaters are the latest companies to accept Shiba Inu through Bitpay. They announced that SHIB will be accepted at the digital out-of-home (DOOH) Billboard in Los Angeles.

This will drive up the number of investors who get to know about Shiba Inu. At the same time, more institutions could take the cue and start accepting Shiba Inu, which is good for its growth going into 2022.

Considering that Shiba Inu is trading at multi-month lows, and is now consolidating, it stands out as a cryptocurrency to buy on low prices in December 2022.

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

Harmony (ONE)

Harmony was in a bullish trajectory through the first 2 weeks of January, reaching a high of 0.37, not so far from its ATH of $0.3798. However, it dropped in the last months and currently, it has been stabilizing above the $0.014 level.

Harmony has a lot of potential going into 2022. Harmony is a new blockchain that has been developed to bridge the gap between different networks like Ethereum and Binance Smart Chain. This is a big deal because blockchain interconnectivity is a key factor to growth and adoption.

Considering how strong this use case is, and the fact that Harmony has been in a correction all through December, it goes without saying that it is one of the best cryptocurrencies to buy on low prices in December 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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