9 Promising Cryptocurrencies To Invest In 2022

Last Updated February 14th 2022
17 Min Read

Cryptocurrency investment is more popular than ever before and more and more projects seem to be emerging that offer the potential for significant returns. But which tokens are set to be the top performers of 2022?

After a difficult start to the year, it looks as though the cryptocurrency market’s wheels are starting to turn again and slowly but surely the leading projects are starting to show signs of growth. After several record-breaking price runs last year, many market analysts expected a downturn to come, but as we head further into 2022, there’s a degree of uncertainty as to which tokens will emerge as the market leaders.

The market as a whole has changed dramatically over the last 2 years, with the unmitigated growth of DeFi, a shift in sentiment from institutional investors and, of course, the soaring NFT trend. With these things considered, many market experts are wondering whether older projects like Bitcoin, Dogecoin and even Ethereum, are capable of holding their places in the top tier of the market, or whether faster, more scalable projects like Solana and Cardano will begin to dominate. 

So what are the most promising cryptocurrencies to invest in in 2022? Whilst we can’t say for sure which projects will see the biggest gains in value in the year ahead, the following list included 9 coins that we think should be on every investor's radar.

If you want to buy promising coins quickly and easily, check out eToro!

Looking Back At 2021

Before we look ahead to what tokens are likely to grow in 2022, it’s worth taking a quick retrospect at how 2021 unfolded for the cryptocurrency market, as is a key consideration in figuring out which tokens have the most potential and why. 

Over the course of 2021, the total market capitalisation of the cryptocurrency market surged by 187.5%, with tokens adding a collective $1.5 trillion to their value over the course of 12 months. These are some pretty impressive figures and show that the world of digital finance shows no signs of slowing down.

In fact, many market experts now claim that the likes of Bitcoin are completely mainstream and no longer seen as just a high-risk niche investment. It was revealed that some 300 million people became cryptocurrency owners last year - and that figure is expected to increase to 1 billion before the end of 2022. 

Naturally, this makes the year ahead a very interesting time for investors as demand for the top tokens is likely to soar in the coming months - and this could well push their respective values higher than ever before. 

Top Cryptocurrencies In 2022

Whilst 2022 may well prove to be a highly lucrative year for cryptocurrency investors, it’s perhaps inevitable that some tokens will see their fortunes diminish. For example, many experts have theorised that the age of meme coins could be over.

In order to come up with our list of top promising cryptocurrencies to buy 2022, we took into account several key factors. Firstly, we looked at how high a token has been compared to where it is now. A token’s all-time high shows us what it has been capable of in the past and there are no reasons to believe it won’t reach similar highs again.

In addition to previous price highs, we’ll also be considering the technical fundamentals and real-world use cases of each project, as these could prove to be important factors moving forward - especially if we see a market shake-up in the coming months or years. 

If you are wondering what are the best cryptos to invest in 2022, here's our picks for 9 promising coins:

  • Bitcoin
  • XRP
  • Solana
  • Cardano
  • Ethereum
  • Synthetix
  • Binance Coin
  • Avalanche 
  • Decentraland

These tokens are ones we believe have a huge amount of potential, but as always, nothing is guaranteed. This is only our opinion here at Trading-Education. In the following section, we’ll go into more detail as to why these tokens in particular made our list.

Bitcoin

Despite huge changes in the cryptocurrency market of late, the world’s most famous digital currency is still on our list of coins to watch. For every industry voice that says Bitcoin has had its day, there’s another that claims the original cryptocurrency is now too big to fail.

In the first few months of 2021, Elon Musk’s Tesla announced the acquisition of $1bn BTC. This hardly suggests that big businesses are turning their back on the token. In fact, Galaxy Digital’s Mike Novogratz even bet Euro Pacific Capital CEO and notorious crypto-sceptic Peter Schiff $1 million that Bitcoin would soon turn bullish once again. 

Then there was the effect of the COVID pandemic. Initially, the price of BTC dropped - along with most other tokens - but as the virus wreaked havoc on the financial markets of the world, Bitcoin quickly became seen as a safe haven for investors looking to avoid the economic downturn. In a sense, the cryptocurrency very much began to live up to its nickname of digital gold. 

We’ve already seen how an influx of cryptocurrency buyers is expected before 2022 is out and, let’s face it, those coming to the market for the first time are likely to be looking at Bitcoin before they start with the Altcoins. 

Read Also: Bitcoin (BTC) Price Prediction

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

Ripple (XRP)

Ripple is a top-ten cryptocurrency with an absolutely rock-solid use case. Ripple’s reason for being is to provide a cross-border remittance solution for banks and larger financial institutions. As it stands, most of these institutions have to rely on SWIFT, which can be costly and involves currency exchange. Banking giant Santander has already been using Ripple as part of its cross-border payments solutions. 

By using a cryptocurrency as an exchange medium, Ripple can effectively deliver almost instantaneous transfers at an extremely low cost - something which we can all agree is likely to be hugely tempting for any self-respecting bank. 

But there’s another reason that we’ve included Ripple as one of our top cryptocurrencies to watch in 2022. If you’ve been watching the cryptocurrency market in recent years, you’ll know that the company behind Ripple has an ongoing tussle with The US Securities and Exchange Commission. 

The SEC took action against Ripple in 2020, on grounds that XRP is not a currency but a security, and therefore should have been traded under the US’s stringent securities regulations. However, in recent weeks it has come to light that a document exists that could blow the SEC's case apart - something which has already sent XRP soaring in recent weeks. In addition to this, Ripple lawyers are expecting the case to be abandoned - potentially this year.

Of course, none of this is guaranteed, but if the Ripple’s wranglings with the SEC come to an end, it’s highly likely that Ripple will see its value soar and, what’s more, banks and financial institutions could renew their interest in Ripple as an alternative to the SWIFT payment system. 

Check Out: Ripple (XRP) Price Prediction

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Solana

Solana is one of the most advanced blockchains on the market, which has inevitably earned it the moniker of Ethereum Killer. Of course, this title means little by itself, but Solana has some impressive performance credentials and has been one of the fastest-growing projects of recent months, entering the top ten cryptocurrencies by market capitalisation, despite having only launched in March of 2020. 

So what’s so special about Solana? Its most notable feature is probably its proprietary proof-of-history consensus mechanism, which it is claimed can allow the platform to deliver up to 65,000 transactions per second. In fact, developers behind Solana have claimed it to be the fastest blockchain in the world. 

In addition to its impressive speed, Solana is also cheap, with fees equating to around $0.00025 per transaction. Given the trouble that Ethereum has been having with congestion driving up GAS fees, Solana certainly presents a very viable alternative. It is also perfectly positioned to cash in on the NFT trend, with its comparatively low fees and dedicated Solanart NFT marketplace.

Solana has seen some fairly chaotic price movement since it was launched, but having recently been listed on Coinbase, it seems the SOL is now available to a much wider client base and there’s every chance this will help the token ascend to new heights in 2022.

Don't Miss: Solana (SOL) Price Prediction

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Cardano

Cardano is another so-called Ethereum Killer. When it launched in 2017, it was hailed as one of the first in a new, third generation of cryptocurrencies. Having been peer-reviewed by some of the leading academic and research institutions in the world, Cardano was designed to meet the ever-growing needs of the modern cryptocurrency market and address issues facing the previous ‘generations of cryptocurrencies’.

The platform has proven popular with developers and is said to have over 450 projects currently being built on its platform - many of which are expected in 2022. Whilst Cardano is not going to rival Ethereum anytime soon with regards to hosting DeFi, the next few months will be an interesting time - especially if Cardano can avoid the congestion issues that have dogged Ethereum.

From an investment perspective, another important factor for consideration is the impending upgrade to Cardano’s infrastructure - Hydra. A layer 2 scaling solution, it has been said that Hydra will allow Cardano to process well over 1,000 transactions per second - perhaps more, which would make it substantially faster than the current incarnation of Ethereum. 

Another worthy point of note is that Cardano has a low buy price. It is one of the lowest price cryptocurrencies in the top ten, in terms of token price. Of course, investment growth is all about percentages but in the past, many investors have been drawn to lower-priced tokens.

Read Also: Cardano (ADA) Price Prediction

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Avalanche

Avalanche is another highly advanced blockchain that boasts some pretty impressive technical credentials. The fact that it launched at a time when Ethereum was experiencing serious congestion issues means that it has been pegged as a major rival to Vitalik Buterin’s platform right from the outset. So what exactly is Avalanche all about?

Avalanche is another platform that claims to have solved the cryptocurrency trilemma by providing scalability and security whilst remaining decentralised. It does this through its three-chain infrastructure that effectively gives its different layers - dubbed X-Chain, C-Chain and P-Chain - different roles within the protocol.

Its speed and low fees have already made Avalanche a popular choice for developers. The platform allows for the creation of more or less any kind of decentralised network or application, including entirely new blockchains, which can be built on top of the P-Chain and leverage the speed, functionality and security of the additional Avalanche layers.

Avalanche also has its Rush programme - a multi-million incentive scheme aimed at boosting the growth of the platform. Assuming the programme is a success and Avalanche continues to attract new projects, we think it will certainly be a cryptocurrency to watch in 2022. 

Check Out: Avalanche (AVAX) Price Predictions

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

Ethereum

We have noted how several of the tokens listed above have been dubbed as ‘Ethereum Killers’ but let’s make no mistake here - Ethereum is still king when it comes to DeFi and shows no sign of giving up its position as the number two cryptocurrency in the world, behind Bitcoin. 

At the time of writing, Ethereum is said to host over 3,000 decentralised apps and many of the top DeFi projects on the market, including Uniswap, MakerDao, Synthetix and Aave are built on the Ethereum blockchain. In addition, there are also projects like Axie Infinity, which is one of the popular play-to-earn games out there and even one of the top meme coins - Shiba Inu - is actually built on Ethereum.

Of course, the fact that so many projects have chosen Ethereum has had its drawbacks, with the network experiencing significant congestion and GAS fees rising to rates that have deterred many new projects from using Ethereum, as the likes of Cardano and Solana offer much cheaper transaction fees. However, this could all change once the Ethereum 2.0 upgrades are completed. 

Amongst other things, Ethereum is expected to move to a significantly faster proof-of-stake consensus mechanism in 2022. The upgrades will also introduce a method known as Sharding, which could increase its transactions rate to rival any of the other smart chains included in this list.  For these reasons, Ethereum certainly seems like it could be one of the most promising cryptocurrencies to invest in in 2022.

Don't Miss: Ethereum (ETH) Price Prediction

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Synthetix

One particular type of DeFi that has been getting huge amounts of attention in recent months is synthetics - or Synths. And Synthtetix is the leading platform in this space. Synths operate in the same way that derivatives do in the traditional financial world in the sense that they offer traders the chance to gain exposure to a particular market or asset, without ever having to actually take ownership of that asset. 

Synths can be pegged to just about any asset - either blockchain or non-blockchain-based. For example, a Synth can be minted that tracks the price of gold, thanks to oracle data received via Chainlink. Derivatives trading is one of the most popular forms of financial speculation that exists, so there’s every likelihood it will be a big deal in the cryptocurrency world as well.

Synthetix is undoubtedly the top platform offering cryptocurrency-based derivatives and at over the course of 2021, there were times when the platform had over $2.3 billion locked into its protocol. 

A key reason that Synthetix has made our list, however, is that its native token, SNX, is currently trading at around $4.55 - around 85% lower than its all-time high of $28.53, which it achieved in February 2021. This suggests that Synthetix is currently depressed and has plenty of room to grow, which could make it a top cryptocurrency to invest in 2022. 

Read Also: Synthetix (SNX) Price Predictions

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Binance Coin

Binance is another major name in the cryptocurrency world and one which has been consistently amongst the top five tokens by market cap for the last few years. It is also arguably Ethereum’s chief rival when it comes to DeFi, thanks to the Binance Smart Chain, which was unveiled in April 2020.

Whilst it definitely true that the top DeFi projects have focused on Ethereum, BSC hosts some fairly big names including PancakeSwap, 1Inch and Apeswap. As things stand, Binance Smart Chain is a much faster network than Ethereum - with the team behind the platform claiming it averaged 10 million transactions per day in 2021 - and it also offers much lower fees. 

Of course, there’s also the Binance Exchange, which remains one of the biggest cryptocurrency marketplaces in existence. Users gain preferential fees if they pay in Binance Coin, which means the token boasts consistently high transaction rates and is always likely to be in demand. 

Binance is also well placed to take advantage of the NFT boom with BinanceNFT - a dedicated platform that claims to be the largest market for curated NFTs worldwide and also supports NFT gaming as well as several high-profile collaborations, such as those with pop musician Lewis Capaldi and movie star Dave Bautista. Of course, BNB is also the preferred way to pay for services on Binance NFT.

Don't Miss: Binance Coin (BNB) Price Predictions

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

Decentraland

Decentraland is perhaps a more surprising entry to our list, as it represents a very different type of project than those listed above. However, if you’ve been following developments in the world of video gaming, you’ll know that the idea of the ‘metaverse’ is a big deal at the moment - and that’s exactly what Decentraland offers.

But Decentraland is more than just a big video game. Users can buy plots of land in the online world that they can use for more or less anything - such as building and furnishing a ‘house’, building an art gallery to display NFTs or even building an arcade hosting other video games. In November 2021 one such plot of land in the Decentraland metaverse was sold for a record $2.4 million. 

There may be some investors who are still wary of the gaming industry but make no mistake, it is a huge business. Minecraft, for example, is one of the most successful video games of all time and it took in some $415m in revenue in 2020. Decentraland is very much in the same vein and it seems as though it is gaining popularity - Decentraland had about 1500 users a day at the outset of 2021. By April it had reached 12,000 and at the time of writing the platform has almost 20,000 people logging in every day. 

Realistically, investing in Decentraland means you are effectively betting on it taking off with mainstream audiences. However, if that does prove to be the case, its native token, MANA could grow substantially. 

Check Out: Decentraland (MANA) Price Predictions

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

Where To Invest In Cryptocurrency

All of the tokens we have discussed above have huge potential and any could prove to be a good investment in 2022. However, if you are new to the cryptocurrency market, then there are a few things you’ll need before you can start building your portfolio.

Firstly, you’ll need a wallet to store your tokens. These come in a variety of formats and each has its own strengths and weaknesses. For more information on cryptocurrency wallets, you can check out our beginners' guide.

Once you’ve sorted a wallet, you’ll also need to find a reliable broker or exchange to give you access to the cryptocurrency market. We usually recommend eToro, as it has one of the best reputations in the industry as well as a user-friendly trading platform that’s suitable for novice investors as well as the more experienced trader. 

eToro – The Best Platform To Buy Cryptocurrencies

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

Conclusion

There’s no doubt about it, 2022 is likely to be an exciting time for the cryptocurrency market. With the ongoing popularity of DeFi and NFTs, combined with the subdued prices we have seen throughout January and February, it would appear that many of the leading projects could be poised for significant growth.

Our list of 9 promising cryptocurrencies to invest in 2022 is, of course, opinion. There are no guarantees as to which tokens will be the top performers and of course, there are plenty of others that we haven’t included, that may provide big returns over the coming months. But the tokens we’ve listed are certainly worthy of consideration and each has a proven track record of delivering substantial growth. 

If you do decide to add any of the tokens in our list to your own portfolio, then we’d strongly recommend you monitor your investments closely and keep up to date with developments in the cryptocurrency world. 

FAQs

What are the most promising cryptocurrencies in 2022?

The cryptocurrency market is wide open at the moment, with several projects now competing for spots in the top tier of the market. For anyone looking to invest, we’d say that the most promising cryptocurrencies in 2022 are those that have viable real-world use cases, as well as those with a proven ability to command a high price. If you’re looking to start a portfolio, our list of 9 promising cryptocurrencies to invest in 2022 is a good place to start your research. 

Should I put my tokens into DeFi?

Many DeFi projects mimic facilities available for fiat currency holders and allow holders to earn interest on their tokens. This can be highly profitable, but users should be aware that they need to lock their tokens into most protocols for significant periods of time in order to gain any noticeable benefits. Only consider using a DeFi platform if you are fully aware of what it does and doesn’t offer and are satisfied as to its security.

Which cryptocurrencies will grow the most in 2022?

No one can say for sure which cryptocurrencies will grow the most in 2022, but any tokens in the top ten have a good chance of seeing price increases in the coming months. However, investors should be prepared to invest for the longer term, as most tokens trend upwards over the years, even if they see significant volatility from month to month.

Is Bitcoin still a good investment in 2022?

Crypto-sceptics have been foretelling the demise of Bitcoin for some time now, yet the original cryptocurrency still commands a high value and continues to dominate the market. Whilst it might be a little dated from a technical perspective, we feel that there is still plenty of life in Bitcoin and it may yet break the $100,000 barrier. 

Where is the best place to buy cryptocurrency?

If you’re looking to buy the top cryptocurrencies in 2022, then you’ve got quite a few options. There are hundreds of brokers and exchanges out there, but we usually recommend eToro - especially for those new to cryptocurrency investment. It offers a highly approachable trading platform and has all the necessary regulatory credentials for secure, reliable trading.

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