Investors are pivoting to cryptocurrencies as the economy shifts
With the steady progress of technology and the advancements of blockchain networks, digital currencies are gaining popularity day by day. The cryptocurrency world has opened several new opportunities for investors, traders, as well as institutions.
However, most people are still confused about which cryptocurrency to invest in when it comes to crypto investments. With thousands of cryptocurrencies, each having unique features and market trends to choose from, it can be challenging to decide on an investment route.
To help you out, here are the seven best cryptocurrencies to buy in 2022, from the most popular cryptocurrencies to lesser-known tokens with high growth potential. These 7 cryptocurrencies below could see a huge potential this year.
The list is curated considering factors like price, market cap, adoption rate, and recent upgrades.
Top 7 Cryptocurrencies To Buy In 2022
#1 Ripple (XRP)
Ripple (XRP) is a widely adopted cryptocurrency that digitalizes traditional financial institutions. Working with centralized financial institutions, XRP makes trans-national payments more secure, faster, cheaper, and accessible to a broad audience.
XRP is currently the seventh largest cryptocurrency globally, with a market cap of around $41,062,361,868 and a value of $0.92 as of writing. With high institutional demand and a surge in its price in 2021, XRP can be one of the top seven cryptocurrencies to buy in 2022 for securing a wealthy fortune.
XRP's latest partnership with Wanchain is yet another significant factor that boosts its value this year. Wanchain's official statement about their deal was, "XRP holders can now securely use their XRP to farm, mine, and provide liquidity rather than simply leaving their tokens, inactive, in wallets and exchanges. XRP tokens can now, finally, engage with DeFi applications and reach their full potential."
Thanks to its dedicated team and management, the SEC lawsuit that brought Ripple to court over regulatory concerns and crushed its value is the same factor that boosts XRP's value in the market today.
With the management's continuous effort and support from Sarah Netburn, the Magistrate Judge, the SEC lawsuit is slightly favourable to Ripple XRP and has sky-rocketed its value in 2022.
Read More: Why Ripple is Going to Explode
#2 Ethereum (ETH)
Ethereum is both a token of exchange and a foundation for building an alternative Internet-based global financial system. Almost all DeFi projects are built on top of the Ethereum platform. Plus, with DeFi being the next big thing in the crypto space, that is one significant factor that boosts ETH's value in the market today.
ETH trades at $4,318 as of writing. It is the second-largest cryptocurrency in the market, with a market cap of $511,422,263,231. 2021 was a positive year for ETH as the developers announced the second stage of the Ethereum upgrade.
ETH 2.0 is going to be live soon, according to the roadmap released. The change in its consensus mechanism to Proof-of-Stake (PoS) will make Ethereum more energy-efficient and enhance transaction speed.
The recent developments have boosted ETH's value to an all-time high of $4,859.50 in November 2021. Given its price surge and technical developments, there's a good deal of market interest for ETH, making it one of the seven best cryptocurrencies to buy in 2022.
Check Out: Is Ethereum a Good Buy?
#3 Uniswap (UNI)
UNI, the native token of the Uniswap network, was created as a significant step towards achieving decentralization. The token has received much attention, as it is an ERC-20 token compatible with the Ethereum ecosystem.
Moreover, UNI is also a governance token providing token holders special privileges and governance rights. It provides holders with the power to approve or veto the proposed changes by granting them a chance to vote on the changes to the protocol.
The UNI token sits at $17.35 as of writing, with a market cap of $10,823,780,467. The increasing interest in Uniswap and its native token UNI has driven it to an all-time high of $44.97 in May 2021.
It is one of the best utility tokens because of its ability to represent Uniswap as a publicly-owned, self-sustainable infrastructure while protecting its indestructible and autonomous qualities.
The UNI governance token is available for trading in popular exchanges like Binance, OKEx, and Coinbase Pro, along with Uniswap's protocol itself.
The initiation of Uniswap V3 and eToro's announcement to add Uniswap to its crypto product offering has made it one of the best cryptocurrencies to buy in 2022. On top of it, UNI was eToro's first token in the decentralized trading infrastructure.
Don't Miss: Is Uniswap a Good Investment?
#4 Tron (TRX)
Tron (TRX) is a viable competitor to Google Play and Apple as a decentralized platform that facilitates content sharing to popular services like Youtube or Facebook. The high interest in this cryptocurrency is primarily because of its crystal-clear 6 stage plan for all future developments.
TRX trades at $0.09165 with a market cap of $9,266,789,070 as of writing. Tron's recent step of reducing its circulation supply by cutting its tokens from 101,678,790,175 to 101,673,029,723 has helped it leap into the era of deflation, making it the world's first cryptocurrency that moves from inflation to deflation.
Tron thus successfully secures a place in the top seven cryptocurrencies to buy in 2022, with its attempt to develop the best infrastructure for a decentralized internet.
The Tron Foundation recently announced that the Tron protocol aims to provide "scalable, high-availability, and high-throughput support that serves as the foundation for all decentralized applications in the TRON ecosystem," boosting its value in the crypto space.
Read Also: What Will TRON be Worth in 2030?
#5 Cardano (ADA)
Cardano (ADA), the third-generation cryptocurrency, is designed by integrating all the intelligent features of Bitcoin and Ethereum. Thanks to its recent updates and network development, Cardano has successfully positioned itself in the list of seven best cryptocurrencies to buy in 2022.
ADA trades at $1.37 with a market cap of $45,695,958,736 as of writing. 2021 have witnessed the scalability phase of the Cardano roadmap, followed by the completion of the Goguen update. This announcement created a massive surge in its price, hitting an all-time high of $3.10 in September 2021.
Additionally, Cardano has also released its Daedalus update ushering the support for the native token in its blockchain. It will further become a viable contender of Ethereum with the Alonzo update. It will implement the infrastructure and tools for functional smart contracts development using the Plutus platform and be a game-changer for the Cardano network.
More on ADA: Cardano Price Prediction
#6 Litecoin (LTC)
Litecoin (LTC), the 'silver to Bitcoin's gold,' has gained much popularity with its more scalable, faster, and secure network that processes low-cost payments. Litecoin has high worldwide adoption as one of the most widely accepted cryptocurrencies in the market, as reported in January 2021.
LTC has a price value of $159.26 as of writing. Litecoin has a relatively high market cap of around $10,990,126,452 this year. LTC turns up to be the best alternative to Bitcoin with its nominal transaction fees and faster confirmation of transactions.
Another significant reason for LTC being one of the best seven cryptocurrencies to buy in 2022 is its high liquidity and limited supply of 84 million coins. It also provides a block reward of 12.5 LTC, a relatively high block reward that will attract more miners to the network.
Check Out: Is Litecoin a Good Investment?
#7 IOTA (MIOTA)
IOTA, the unique blockchain-less blockchain network, has successfully resolved some of the most significant issues in the crypto space, like high fees, scaling limitations, and centralization. It is a cryptocurrency uniquely designed for the Internet of Things (IoT), with a proprietary technology known as Tangle, which itself is a driving growth factor.
IOTA currently trades at $1.18 with a market cap of $3,291,438,077 as of writing. It has some significant partnerships with established corporate firms like Linux foundation, Samsung, Fujitsu on a data marketplace, adding it to the list of the top seven cryptocurrencies to buy in 2022.
IOTA had a massive rally in 2021, with the initiation of its most significant update, the Chrysalis. In its tweet, IOTA announced that the second part of the update in April 21st 2021. The upgrade will eventually bring drastic improvements to the IOTA network in terms of reliability, performance, and usability.
Further, IOTA announced the first stepping stone towards its newest update, Firefly, the secure entry point to the new IOTA ecosystem, via its tweet.
Don't Miss: IOTA Price Prediction – Will MIOTA Price Rise?
The cryptocurrency market may have gone through a temporary drop but that presents an ideal opportunity for you to buy the dip.
We hope that by now, you got a good idea of some of the top 7 cryptocurrencies and might end up bringing you profit if you consider investing in them.
Keep in mind that cryptocurrency investing is always a risky process and it’s not something to be rushed.
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