Best 10 Cryptocurrencies To Trade In 2022 (In-Depth Review)

Each of these cryptocurrencies can make you a good ROI in 2022

Last Updated January 24th 2022
15 Min Read

Do you want to skip the read and get right to our top picks? The best cryptocurrency to trade in 2022 for most traders is Sandbox or Decentraland.

The cryptocurrency market has been consistently growing since Bitcoin came into existence in 2008. Today, there are over 6000 cryptocurrencies, and the numbers keep growing.

This has opened the opportunity for investors to trade different cryptocurrencies and increase the odds of turning a profit.

That said, not every cryptocurrency out there makes for a good trade. There are many scams and low-quality cryptocurrencies in the market, and any wrong moves can lead to capital loss.

Luckily, you are at the right place, if you want to improve your crypto decision-making. Here at Trading Education, we have compiled a list of the top 10 cryptocurrencies to trade in 2022.

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Top 10 Cryptocurrencies To Trade In 2022:

  1. Sandbox (SAND)
  2. Decentraland (MANA)
  3. Axie Infinity (AXS)
  4. Binance coin (BNB)
  5. Ethereum (ETH)
  6. Cardano (ADA)
  7. Solana (SOL)
  8. Harmony (ONE)
  9. Dogecoin (DOGE)
  10. Bitcoin (BTC)

1. Sandbox (SAND)

Sandbox makes it to the top of the list as the best 10 cryptocurrencies to trade in 2022. It had a lot of momentum in 2021 and closed the year higher by 10,000%. Sandbox started 2022 with the same momentum, and while it had a slight correction in early January, it still held on to most of its gains.

So what is Sandbox all about, and why is it one of the best 10 cryptocurrencies to trade in 2022?

Sandbox is all about creating your own virtual gaming world. Players can control how they engage with gaming through the Sandbox virtual world platform. All this is powered by the SAND token, which enables all functionality on this play-to-earn ecosystem.

In essence, the more people use the Sandbox Metaverse, the more valuable the SAND token becomes. This explains the rapid growth in value since new games are being added to the Sandbox often. One of the games that had a massive impact on the price of SAND was the Alpha, which was launched in late December. It triggered a rally that saw SAND become one of the best performing large-market cap cryptocurrencies towards the end of 2021.

Since more games will keep coming up within the Sandbox ecosystem, the value of SAND has a high chance of going up all through 2022.

Besides SAND’s internal fundamentals, there is growing excitement around the Metaverse as the next frontier of growth in crypto. The excitement around the Metaverse is so big that top corporations like Microsoft and Facebook are betting big on it. 

This means investor interest in the Metaverse is likely to remain high for the better part of 2022. Since money, especially those new to the market, tend to gravitate towards big cryptocurrencies, Sandbox could experience retail and institutional FOMO all through 2022. The odds of SAND giving an above-average ROI in 2022 are very high.

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

2. Decentraland (MANA)

Decentraland is another Metaverse cryptocurrency that makes it to the list of the top cryptocurrencies to trade in 2022.

Decentraland is a Metaverse platform where users can purchase virtual land with MANA. Due to its decentralized nature, Decentraland is governed by a DAO that allows anyone to explore and be part of the digital utopia.

Like Sandbox, Decentraland had an impressive year in 2021. It is in 2021 that Decentraland rallied by over 2000%. Looking ahead, there is every reason to believe that MANA could give similarly high returns in 2022.

This is evident in the growing demand for Decentraland virtual lands, most of which are now trading in the 100s of thousands of dollars. One of these lands even made a record when it was sold for $2.4 million. This record sale helped draw a lot of attention towards Decentraland virtual lands, and could trigger bigger purchases all through 2022.

The growing importance of Decentraland virtual lands is evident in how big corporations are also buying them up. For instance, one of the largest companies globally, Samsung, recently announced that it was opening a virtual store on the Decentraland Metaverse.

So why does this matter? Well, all transactions on the Decentraland Metaverse are conducted using MANA. This means as usage of this Metaverse grows, so will the demand for MANA. It’s a big deal and could see MANA easily outperform other cryptocurrencies in 2022.

When you factor in the fact that the Metaverse could be worth trillions of dollars in the future, it is not hard to see why MANA is one of the best 10 cryptocurrencies to trade in 2022.

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

3. Axie Infinity (AXS)

Also, among the top 10 best cryptocurrencies to trade this year is Axie Infinity. Like the other Metaverse projects, Axie Infinity is a virtual world, mainly for play-to-earn gaming. Through Axie Infinity, gamers can create gaming characters that they can then sell as NFTs.

Like the other Metaverse cryptocurrencies, Axie Infinity had a great year in 2021 and closed the year higher by over 8000%. This means anyone who had a sizeable investment in AXS either became a millionaire or was very close to it by the end of the year.

Looking ahead, there is a lot that points to AXS possibly giving equally high returns in 2022. For starters, there is growth within the Axie Infinity ecosystem, which is a key pillar to value growth.

For instance, in October 2021, the Axie Infinity team released Axie Infinity version 2, which came with many perks for participants in the Axie Metaverse. The most important of these developments was the introduction of virtual lands. The new land system allows players to own and claim territory. Owners of these lands get first dibs on resources within their pieces of land. With virtual land becoming one of the most important aspects of the Metaverse, the impact on Axie Infinity’s value could be huge.

Looking ahead, there are a lot of other developments likely to keep demand for Axie Infinity high all through 2022. The biggest one is the upcoming launch of version 2 of Battle.

While the release date of Battle version 2 has not been announced, it is expected to introduce changes that could be pivotal to the long-term growth of Axie Infinity. The developers want to upgrade the body parts and give Axis a greater level of flexibility and usage in the process. This could positively play out on the value of AXS, making it a potentially top cryptocurrency performer in 2022.

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

4. Binance coin (BNB)

Binance coin cannot miss among the best crypto coins to trade. That’s because it is one of the most stable and adopted cryptocurrencies in the market today.

Binance coin is the cryptocurrency that powers Binance, the world’s number one exchange by volume. By virtue of its association with Binance Exchange, Binance coin has emerged as a top cryptocurrency performer every year since it launched. For instance, in 2021, Binance coin gained over 1000%, easily rivaling the gains of most small, high-risk cryptocurrencies.

Going forward, Binance is uniquely positioned to give investors a high ROI all through 2022. One factor likely to drive this growth is the quarterly BNB coin burns. Since these coin burns tinker with the supply of BNB, the price is expected to keep going up as supply drops.

Besides the coin burn, BNB usage is only likely to keep getting bigger all through 2022. One of the factors likely to drive this growth is the Binance Smart Chain. Binance Smart Chain is Binance’s platform for launching Dapps. App developers can use it for building their decentralized apps while taking advantage of transaction speeds and high scalability. BSC’s adoption is on an exponential growth path, and since it uses BNB for transactions, demand is likely to keep going up.

Other than BSC, Binance is continually coming up with new products all geared towards driving up the use cases for BNB. When you combine fast-growing adoption with a decreasing token supply, BNB’s potential as an investment becomes quite clear.

BNB is probably one of the best cryptocurrencies for risk-averse investors who want some level of growth from crypto in 2022.

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

5. Ethereum (ETH)

Next on the best 10 cryptocurrencies to trade in 2022 is Ethereum. The Ethereum blockchain is a decentralized, open-source platform that enables Smart Contracts and Decentralized Apps (DAPPs). The Ether cryptocurrency works as the fuel for these apps where it can be traded between users on exchange platforms or mined like Bitcoin.

Like Bitcoin, Ethereum easily stands out as a cryptocurrency with a promising future ahead of it, one that could easily double in value within 2022. One of the main factors likely to drive Ethereum adoption is institutional adoption. In 2021, Ethereum was one of the biggest recipients of institutional capital inflows.

In 2022, institutional inflows are likely to remain high, and for a good reason. Ethereum has a lot of factors that favour its price appreciation this year. One of them is the completion of the shift to Ethereum 2.0.

The journey to shift Ethereum from a Proof-of-Work blockchain to Proof-of-Stake has taken several years now, but it is nearing completion. With most of the work done, the expectation is for the transition to be completed by mid-2022. For all the potential that Eth 2.0 gives Ethereum, institutional money is likely to take a keen interest in it, and possibly drive up the price to new highs within the year.

Besides the potential for institutional FOMO, Eth 2.0 has a lot of perks for ETH investors. Perhaps the biggest one is the fact that Ethereum is now deflationary. Ethereum has been a deflationary cryptocurrency since August 2021. Coincidentally, it was after it became deflationary that Ethereum outperformed most of the market and made new highs of $4800.

Once the Ethereum 2.0 transition is complete, Ethereum will become more practical for launching Dapps. This means usage will go up, and the full impact of its deflationary nature will come into play. While no one can predict the future, 2022 could be the year when Ethereum trades at over $10,000. This makes it one of the best cryptocurrencies to buy and hold in 2022.

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

6. Cardano (ADA)

Compared to other major cryptocurrencies, 2021 was not one of the best years for Cardano. While most cryptocurrencies recorded gains in the thousands of percentages, Cardano’s gains for the year were about 400%. Still impressive by any metrics. That said, Cardano is one of the best 10 cryptocurrencies to trade this year.

If you are new to crypto, Cardano is the brainchild of Ethereum co-founder Charles Hoskinson, aiming to address certain weaknesses in Bitcoin, Ethereum, and other Proof-of-Work blockchains. Cardano has had many successes, including developing the first Proof-of-Stake algorithm that probably solved the three biggest problems of blockchain – scalability, decentralization, and security.

One of the main reasons why 2022 could be huge for Cardano is the growing developer interest in Cardano. For instance, Pavia has recently launched a Metaverse project on the Cardano blockchain. Pavia has already issued 100k land parcels on the Cardano blockchain, with NFT land having a unique number for easy trading with ADA and other cryptocurrencies. More than 60% of all land parcels were snapped by investors pre-sale in the last quarter. This is a promising sign for Pavia investors and Cardano investors since Pavia is running on the Cardano blockchain. 

Besides Pavia, other applications are coming up, making it easier for Dapps developers to port their projects from Ethereum to Cardano. Given that Cardano is faster and cheaper than Ethereum, this could trigger a major increase in Dapps on Cardano, and in the process, drive up the demand for ADA.

In short, there is a lot to look forward to regarding ADA in 2022, making it one of the best 10 cryptos to trade now.

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

7. Solana (SOL)

Solana was a top cryptocurrency performer in 2021 and closed the year higher by over 5000%. While its price took a hit at the turn of the year, a lot is still going on that could propel this platform blockchain higher in 2022.

A key factor that could propel Solana forward in 2022 is the growing interest by both institutions and top celebrities. Bank of America is one of the institutions that seem to have given Solana a thumbs up. The bank recently stated that Solana could end up being the Visa of cryptocurrencies.

According to a Bank of America, digital assets strategist, Solana is ideal for easily processing low-cost and high volume. This makes it perfect in helping consumers access new financial services on the Web3, a key growth area for blockchain technology. This is a huge vote of confidence for Solana, which could play a role in driving investor interest in Solana all through 2022.

Besides such institutional projections, celebrities, too, are taking an interest in Solana. For instance, Mike Tyson recently tweeted that he was all-in on Solana. While this may not seem like a big deal, Mike Tyson has more than 5 million Twitter followers and could influence many people into buying Solana.

It is also noteworthy that the Solana ecosystem is on a growth trajectory. Today there are hundreds of high potential projects running on Solana, and they cut across everything from DeFi to NFTs.

With such fundamental strengths and growing hype, it is not hard to see why Solana is among the best 10 cryptocurrencies to trade in 2022. The odds of it testing $1000 or more are pretty high.

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

8. Harmony (ONE)

Harmony can’t miss in a list of the best cryptocurrencies to trade in 2022. Harmony bridges the gap between blockchains, providing a fast and fee-free way to move your assets across different networks. Harmony also offers secure connections with multiple chains, including Ethereum so you can upload an application on the network without worrying about transaction times or expensive fees.

This ability to connect different blockchains has made Harmony very attractive to investors, and the same has been reflected in its price. In 2021, Harmony returned gains of over 4000%. Looking ahead in the year, Harmony’s use case gives it a lot of potentials, especially with the fast-growing adoption of DeFi and NFTs.

Besides, its strong use case; there is significant growth within the ecosystem. As of January 2022, the total amount of assets locked stands at over $1 billion and growing.

Harmony is also likely to record strong growth after it launched a $300 million incentive for developers back in September. Incubators are essential for nurturing startup ideas into successful businesses. They provide funding, guidance, support, and access to prototyping tools that help founders develop their product in record time with minimal risk--allowing them less down-time between milestones than ever before. This by extension, means that in the near future, Harmony will have a significant number of successful projects running on top of it.

Since ONE is the token that ruins everything in the Harmony ecosystem, this pretty much guarantees value growth not just in 2022 but for many years to come.

While crypto is highly speculative and things can go south fast, ONE is easily a top-best cryptocurrency to trade in 2022 and expects a significant investment return.

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

9. Dogecoin (DOGE)

Dogecoin has been in the limelight for the last two years, and there is a lot to look forward to going into 2022. For starters, Elon Musk has shown his commitment towards Dogecoin, and he has been very consistent about it.

For instance, Dogecoin has gained in price recently after Elon Musk announced that Tesla had started testing Doge for payments. While you won’t be able to buy Tesla cars using Dogecoin, there is a lot of merchandise that will be purchasable in Dogecoin. For instance, you can use Dogecoin to buy buckle belts and Cybertruck-shaped whistles.

Besides the adoption by Tesla, there is also the upcoming Doge-1 mission that is scheduled for this quarter. While the date has not been announced, Elon Musk’s commitment to Dogecoin means there is a high chance that it could happen. The impact would be a rally in Dogecoin’s price, as has happened when any big news around Dogecoin has been announced in the past.

While it is an inflationary cryptocurrency, compared to the likes of Bitcoin, it has still proven itself as a top performer when the news is right. With good news expected within the year, there is no doubt that Dogecoin is one of the best 10 cryptocurrencies to trade in 2022.

trade dogecoin

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

10. Bitcoin (BTC)

The number one cryptocurrency, Bitcoin cannot miss among the best 10 cryptocurrencies to trade in 2022. Bitcoin is a cryptocurrency that can be used to buy and sell goods without involving any trusted third party. It was the first successful cryptocurrency and laid the groundwork for other cryptocurrencies, such as Ethereum.

Bitcoin makes it to this list because it pretty much moves the market. When Bitcoin rallies, the rest of the market follows, and vice versa. In essence, by betting on Bitcoin, you are pretty much betting on the broader market.

Besides that, there is a lot to look forward to when investing in Bitcoin. Institutional adoption is one of the most significant factors likely to trigger a Bitcoin rally in 2022. Since 2020, the institutional adoption of Bitcoin has been on the rise. Microstrategy continues to lead the way and now has a portfolio worth over $7 billion.

 As the perception that Bitcoin is a good store of value grows, the number of companies buying Bitcoin will only go up. Due to its scarcity, the more companies buy BTC, the higher the potential for it to gain in value.

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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