12 Best Cryptocurrency To Buy Right Now In December 2022

Last Updated November 26th 2022
18 Min Read

Are you looking for the best cryptocurrency to invest in for December 2022? If so, then we’ve prepared a list of the tokens that you should be considering for your portfolio this month. 

Things have been looking up for the cryptocurrency market lately, with many leading tokens finally emerging from the downturn that struck at the beginning of 2022. But will the market return to business as usual with Bitcoin leading the way or will altcoins start to upset the status quo?

Anyone who knows the crypto market will know that it changes - often very quickly. The best cryptocurrency to buy in December may not be the best in December! That being said, some of the biggest tokens always experience changing fortunes, and understanding how the market moves from one month to the next is essential in building a successful investment strategy. 

The 12 Best Cryptocurrencies To Buy In December 2022

If you’re in a hurry to start building your cryptocurrency portfolio, the following list is a snapshot of our picks for the best cryptocurrencies to invest in December 2022:

  • Cardano (ADA) —  Overall The Best Crypto to Buy in December 
  • Ankr (ANKR) —  Top Crypto in The Web 3.0 Place
  • ApeCoin (APE) —  Best Meme Coin to Buy This Month 
  • Bitcoin (BTC) —  The Biggest Cryptocurrency Currently Undervalued
  • Ethereum (ETH) —  The Best Smart Chain
  • Ripple (XRP) —  The Bankers’ Cryptocurrency
  • Binance Coin (BNB) —  The Native Token Of The World’s Biggest Crypto Exchange
  • Uniswap (UNI) —  A Leading Decentralised Exchange
  • Dogecoin (DOGE) —  Still The World’s Most Popular Memecoin
  • Shiba Inu (SHIB) —  A Meme Coin That’s Growing Fast
  • Monero (XMR) —  The Privacy-Focused Crypto
  • Decentraland (MANA) —  The Biggest Metaverse Cryptocurrency

 

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

Of course, there are other options out there and some of the tokens on our list are potentially riskier investments than others. However, each of these tokens has made our list for specific reasons, which we will detail in the coin-by-coin reviews that follow. 

 

Reviewing The Best Cryptocurrencies To Buy This Month

When choosing cryptocurrencies to invest in, it's important to consider each token’s potential strengths and weaknesses to assess how it might fit into your wider investment strategy. With this in mind, it’s a good idea to take a closer look at each of the coins on our list.  

1. Cardano

The top crypto to buy today is Cardano. On paper, Cardano is one of the most advanced blockchains in existence and certainly deserving of the ‘Ethereum Killer’ title bestowed upon it. Being more scalable than its predecessor, Cardano has become an attractive alternative for DeFi projects that have become disillusioned by Ethereum’s ongoing congestion problems and soaring GAS fees. 

As the world’s first blockchain project to be reviewed by leading academics in the fields of finance and technology, Cardano has a pretty solid pedigree. Capable of processing some 250 transactions per second, it is certainly one of the fastest and most reliable smart chains out there. 

Cardano features highly on our list of the top cryptocurrencies to buy in December 2022 as it has recently been announced that one of the firms behind the project plans to invest $200 million to support its growth over the next three years. The funds will be directed towards projects being built on top of or to work alongside Cardano itself.

Naturally, this injection of funds could see Cardano’s popularity surge. If any of the emerging projects built on the platform happen to be a success, then it’s likely that we will see the price of ADA surge. 

Much of Cardano’s future success will depend on how things unfold with the ongoing Ethereum 2.0 upgrade. But given that the price of ADA is currently trading at almost 90% lower than its all-time high, now could be the perfect time to add it to your portfolio.  

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2. Ankr

Next up on our list of hot cryptos to buy this month, we have ANKR, the native token of the Ankr project. Ankr differs from many other projects on this list in that it is designed to facilitate the building of blockchain projects, as opposed to being a product in itself. As Web 3.0 inches closer, projects like Akr could be instrumental in ushering the next evolution of connected technology.

In the simplest sense, Ankr provides developers, decentralised applications and stakers with a selection of tools and pre-existing technology. First and foremost, it provides a system of nodes that can be used cross-platform, including Ethereum, Binance and Fantom. This means developers can collect, use and deploy data across these chains with minimal outlay. 

Needless to say, the Ankr system can streamline processes for developers and dApps, which alone makes it hugely valuable. However, Ankr also has some pretty impressive staking tools which allow stakers to maintain liquidity and earn rewards via several different DeFi projects, regardless of which blockchain they are built on.

So why is Ankr a good investment in December 2022? One of the reasons we think now is a good time to add ANKR to your portfolio is that the platform has recently partnered with Polygon, which will expand the platform’s capabilities and allow developers to deploy projects on the Polygon supernet. This is a move that could have a positive effect on Ankr’s value in the coming months. 

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3. Apecoin

At number three on our list of the best crypto to buy now is ApeCoin.

Apecoin made some serious waves when it launched earlier in 2022. Riding on the coattails of the Bored Ape Yacht Club - one of the world’s biggest NFT marketplaces - Apecoin generated a huge amount of interest early on, despite the function of the token not being all that clear. Unfortunately for APE, it launched during a major downturn for the crypto market in general, leading some to speculate that this latest meme coin is yet to have its day.

On the surface, Apecoin is just another ERC-20 token. The token itself doesn’t have any unique use cases and there’s no underlying technology that makes the project stand out. This is why it falls into the meme coin category. However, Yuga Labs, the entity behind Apecoin, is clearly positioning the token as a cryptocurrency for web 3.0.

The general consensus is that Apecoin is well-positioned to be a popular currency on the NFT market, as well as a go-to choice for in-game transactions on emerging play-to-earn crypto titles. If this pans out to be true, then Apecoin could come to dominate the meme coin space, as both the NFT and play-to-earn gaming markets are set to grow exponentially. 

The reason we believe that Apecoin is one of the best cryptocurrencies to buy this month, is that Apecoin has recently announced that its new staking system is going live at the end of the month. Of course, this is already a pretty crowded field, but what makes Apecoin’s staking protocol different is that users can stake their NFTs, transforming them into fee-earning assets. And this could be a very big deal. 

Admittedly, Apecoin is a riskier investment than some of the tokens with a more clearly defined use-case, but anyone hoping to cash-in on the upcoming staking protocol will need to add APE to their portfolio pretty soon. 

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4. Bitcoin

Perhaps an uninspiring choice at this stage, Bitcoin nonetheless remains one of the surest bets on the cryptocurrency market. Despite being pretty dated in terms of blockchain technology, Bitcoin continues to be the benchmark against which all other cryptocurrency tokens are measured. 

In reality, Bitcoin has not been able to deliver on its original remit of being a digital alternative to cash. Since Etheruem and its smart contracts revolutionised the blockchain world in 2016, Bitcoin’s real value has been linked to its popularity as an alternative investment, rather than its technological potential. 

Bitcoin has long been dubbed a digital gold - in other words, an asset class that investors turn to during times of economic uncertainty in the legacy finance markets. Given that we’re currently in the throes of a global economic downturn, the case for investing in Bitcoin has never been stronger. Indeed, UK investors are already turning to Bitcoin as the pound has weakened on the exchange markets. 

The cryptocurrency market also appears to have turned a corner over the last few weeks, with prices rising more or less across the board. If Bitcoin once again leads from the front, then we can expect the price of BTC to rise steadily as long as the market remains bullish.

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

5. Ethereum

Ethereum is the next project to consider on our list of the best cryptocurrency to invest in

Let’s be honest, Ethereum is arguably the backbone of the blockchain industry as it stands. Whilst it may have been surpassed in terms of transaction speed and scalability, ultimately Ethereum is still the platform of choice for some of the biggest cryptocurrency projects in existence. Naturally, this makes Ether an essential consideration for anyone looking to invest in crypto.

Some of the biggest DeFi, meme coin and scaling solutions are built on or for the Ethereum blockchain - including many of the tokens on this list. As such, the original smart chain is always going to be buoyed by the successes of any of the other projects built on its platform.

Whenever projects like Shiba Inu, Apecoin, Decentraland or The Sandbox transact ERC-20 tokens, fees are paid in ETH. This means that Ethereum’s native token is always in high demand and offers investors a certain degree of stability as the token is likely to hold value as long as these projects remain popular.

However, the reason that we think Ethereum is one of December’s must-buy cryptocurrencies is that Ethereum is in the final stages of its switch to a Proof-of-Stake consensus mechanism. This, along with additional Ethereum 2.0 upgrades, promises to solve the blockchain’s scalability issues and put Ethereum back at the top of the pile when it comes to performance and value for money.

If the move to PoS proves to be a success, then now could be the last opportunity to invest in Ethereum before its price starts to take off. 

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6. XRP

XRP also stands as both the most sustainable crypto and one of the best crypto to invest in today.

The so-called bankers’ cryptocurrency, Ripple’s XRP has arguably the most clearly defined and valuable use case of any of the tokens on our list - namely to provide a fast, secure cross-border remittance service for banks and financial institutions. What’s more, Ripple has been on the scene since 2012, making it one of the more established and potentially more reliable investment options for this month. 

It’s hard to overstate how valuable a project like XRP could be to some of the world’s biggest banks, who currently rely on the SWIFT system to send inter-currency payments around the world. This process is fairly expensive and time-consuming and banks often need to hold significant amounts of various currencies to facilitate transfers. Ripple has solved these issues by making XRP a universal medium of exchange.

It has been an interesting few weeks for XRP, with the token surging in value over September, even whilst much of the wider cryptocurrency market remained subdued. This will certainly be welcome news for investors.

The main reason that we’ve included XRP as a top cryptocurrency to buy right now is that there have been signs recently that Ripple will soon finally win its legal tussle with the US Securities and Exchange Commission. Soon-to-be-released documents are expected to boost Ripple’s case and experts have predicted that this could lead to XRP surging in value by up to 50%. This would make December a great time to add XRP to your existing portfolio.  

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7. Binance Coin

Binance’s BNB is another fairly obvious inclusion for our list of the best cryptocurrencies to buy this month. Being the native token of the world’s largest cryptocurrency exchange, as well as underpinning operations on the Binance Smart Chain, BNB should be a consideration for any well-balanced crypto portfolio.

BNB entitles users of the Binance exchange to reduced fees. Of course, it is possible to pay with other tokens, but the go-to option for any serious investor will always be the one that offers the best rates - and that’s Binance Coin. This alone means that BNB is always in demand, which helps to stabilise its value to some degree.

The Binance Smart Chain is also going from strength to strength, with many Defi projects either migrating to it from Ethereum or looking for cross-platform compatibility to take advantage of BSC’s super fast transaction rate. 

Binance has also recently announced some intriguing updates to its blockchain, particularly the inclusion of zero-knowledge (ZK) rollup scaling solutions. Slated for next year, these upgrades could greatly improve Binance’s performance, keeping it in steady competition with Ethereum and more than likely having a positive effect on BNB’s token price. 

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

8. Uniswap

No list of the best cryptocurrencies to buy in December 2022 would be complete without some solid DeFi representation. There are quite a few projects currently operating in the space - and it was tough to choose between them, with the likes of Aave, Maker, and SushiSwap narrowly missing the cut. However, the one that has consistently performed well is Uniswap.

Uniswap has quickly established itself as one of the leading decentralised exchanges in the world. Offering users a platform to buy, sell and exchange cryptocurrencies without the need for a middle man, it's easy to see why many have made Uniswap their preferred exchange platform. The fact that it is also relatively easy to use gives Uniswap a major advantage over some of the more complex exchanges out there. 

Uniswap also allows users to earn rewards by providing liquidity to the platform - which is a key part in how it operates. This is true of any DeX of course, but Uniswap seems to have struck a chord with crypto fans and it remains one of the most popular exchanges on the market.

So why is Uniswap a top cryptocurrency to buy this month? Well it has been reported that the developer behind the platform is planning another funding round, aimed at raising between $100 and $200 million to expand its services. Whilst we can’t say what these augmented services might be, such an injection of cash could well see UNI surge in value in the very near future. 

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

9. Dogecoin

Looking at the value of DOGE at the time of writing, this could also be one of the best cryptocurrency to invest in December 2022.

Dogecoin remains the biggest meme coin on the planet and despite having been reasonably quiet in the latter half of 2022, DOGE is still a force to be reckoned with, as it has held on to its spot in the top ten cryptocurrencies by market cap.

Most people know the story of Dogecoin at this stage. The token originally started as a joke way back in 2013. It was supposed to satirise the cryptocurrency market and the investor hype that surrounded it at the time. However, fast forward to 2021 and the Dogecoin joke has kind of backfired. DOGE surged in value by some 18,000% in the first half of that year. 

The remarkable price increase was driven by several factors. Firstly, the ever-loyal Dogecoin community orchestrated a buying frenzy in the same vein as the Gamestop saga that made headlines in 2021. Then, a few timely comments of support from Tesla mogul Elon Musk lent momentum to the campaign, sending DOGE stratospheric.

Admittedly, Dogecoin is a riskier investment, but many industry voices feel that things on the DOGE front have been quiet for a little too long. In addition, there has been some significant whale accumulation in recent weeks which could herald an impending bull for the world’s favourite dog-themed cryptocurrency. 

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10. Shiba Inu

Next up on our list of the best crypto to buy now is SHIB.

Dogecoin’s biggest rival for the title of top dog in the meme coin yard is Shiba Inu. What’s interesting about SHIB is that it started life as an unashamed DOGE clone, set up to take over as the world’s top meme coin. However, since its launch back in August 2020, the paths of these two dog-themed tokens have somewhat diverged.

Suffice to say, the developers behind Shiba Inu have been much more ambitious than Dogecoin’s. In fact, its Shiba Inu is now only really a meme coin by virtue of its canine mascot. The project now encompasses a complete DeFi system, with multiple tokens and options for staking.

In addition to its DeFi options, Shiba Inu also offers an artist accelerator program and has also launched an NFT collection. The fact that the team behind SHIB is so enterprising is certainly interesting and it could well see the token come to dominate the meme coin scene.

There’s no doubt about it, it's a riskier investment, but makes Shiba Inu a particularly good pick for December 2022 is that it has just launched its own game, which we expect to attract a new wave of users to the wider SHIB ecosystem. 

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11. Monero

Some might be surprised to see Monero on a list of the best cryptocurrencies to buy in December 2022, as the token has been out of the limelight for a while. However, the privacy-focused token has seen renewed interest lately, after seeing some impressive price surges in over the summer months.

In case you aren’t aware, Monero is the cryptocurrency that takes privacy to the next level.  Whilst it works in a similar way to most first-generation cryptocurrencies, it utilises privacy enhancing technologies to obfuscate transactions, protect anonymity whilst maintaining transactional integrity. The platform is driven by its native token, XMR.

The advantages of anonymous transactions are probably fairly obvious - especially as the people are becoming increasingly concerned about protecting their privacy. We won’t bore you with the technical details, but Monero’s secret weapon is its RandomX proof-of-work consensus mechanism. It also relies on stealth addresses to add further protections to user privacy.

So why buy Monero in December? Like many of the coins on this list, XMR is currently trading significantly lower than its 52-week high. In theory, this means the token has a lot of room to run, which is why we think it could be a good pick this month. 

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

12. Decentraland

You’d have to have been living under a rock not to have heard the term ‘metaverse’ -  the concept of a 3D virtual world that allows users to interact, trade and customise their environments. There are numerous metaverses out there, but Decentraland is the leading light and arguably the most successful to date.

The premise of Decentraland is pretty straightforward. Users can buy parcels of land within the metaverse. These are effectively NFTs representing virtual real estate. Players can then build more or less what they want on their land - galleries to display their digital art, games arcades or even auction houses. 

Decentraland has already proven hugely popular and some virtual land plots have sold for serious money - with the biggest sale to date being worth some $2.4 million. The project’s native token, MANA, has also seen its value surge as Decentraland continues to welcome more and more visitors. As a matter of fact, there are estimated to be some 300k monthly users.

Metaverses are expected to be a mainstay of web 3.0 and given that Decentraland is already one of the most established names in the space, we think it could be a solid investment option in December 2022. 

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

Choosing The Best Cryptocurrency To Buy In December 2022

If you’re looking for the best cryptocurrencies to buy this month, then we’d advise measuring the tokens we’ve listed - as well as any others you have in mind - against a standardised criteria. Different investors will have different priorities, but we recommend you consider the following:

Use case

A viable, real-world use case does not necessarily mean a cryptocurrency will be successful. Similarly, meme coins and tokens with no intrinsic value have been known to command significant prices. But having a genuine use case is usually a good thing and, in the case of tokens like Ether and XRP, for example, their real-world application is likely to ensure their longevity. At the very least, considering tokens’ use cases will help investors create a diversified portfolio.

Price data

Price data is everything when picking investments. Firstly, it is the only indicator we have as to how a token’s price might respond to market forces. Secondly, price history can give us an idea of what kind of price a token is capable of reaching, which in turn can help us find suitable market entry points. 

Development pipeline

An often overlooked factor, but investors looking for the best cryptocurrencies to buy this month should always check the crypto news headlines to see which projects have made announcements or upgrades that could have a positive impact on price. For example, Etthereum’s 2.0 upgrade or XRP’s SEC ruling. 

Competition

There are very few tokens out there with a unique use-case. Most of the blockchain subsectors, such as play-to-earn games, DeFi, NFT marketplaces and metaverses, all have numerous projects vying for the top spot. Whenever you pick a token for investment, you should consider what its main competitors are and how it measures up against the wider market. 

History

We’ve already discussed price history, but investors should also consider the social history of any cryptocurrency they are considering adding to their portfolio. Dogecoin is a good example of why this is important. Knowing the importance of things like a token’s online community, which celebrities have expressed their support and any legal entanglements a project has been involved in can help investors in assessing risk. 

Building Your Crypto Portfolio

The tokens on our list of the best cryptocurrencies to buy in December 2022 are all widely available on leading crypto exchanges. However, if you’re new to the market or planning to make several acquisitions, then we’d highly recommend checking out eToro - one of the top names in retail investment. 

eToro offers an award-winning trading environment, as well as some of the best charting and reporting tools you’re likely to find anywhere on the market. The platform is also notoriously easy to get to grips with, making the perfect option for both new and more experienced traders. 

Another major advantage of eToro is that it offers some of the most competitive fees out there, making it the ideal choice for those looking to build or expand their cryptocurrency investment portfolio. 

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

Conclusion

So that’s about it for our list of the best cryptocurrencies to buy right now in December 2022. You don’t need us to tell you that the market changes quickly, so your investment strategy needs to be flexible and adjust to developments within the market. As such, you may find different tokens present different opportunities from one month to the next.

Our list should give you an idea of which projects are showing potential this month. Of course, the list is not exhaustive and you may have other projects in mind. Whichever tokens you choose to add to your portfolio in December, just make sure that you keep track of changes within the market.

The remainder of this year looks to be an exciting time for the market, which finally looks to be emerging from its protracted slump. This means that now is the ideal time to consider building a new cryptocurrency investment strategy. 

eToro – Best Platform To Buy Cryptocurrencies In December 2022

Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.

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

FAQ

What is the best cryptocurrency to buy in December 2022?

The cryptomarket is gradually coming back to life as we head into the end of 2022, so December is the ideal time to consider some new investments.  Our list of top cryptocurrencies to buy this month includes DeFi projects, metaverses and meme coins. Whilst we cant say for sure which one will prove the best investment moving forward, tokens like XRP, Mana and Ethereum are solid picks for any crypto portfolio. 

How do I choose the best cryptocurrencies to buy this month?

If you’re looking to buy cryptocurrency this month, then we’d suggest taking some time to think about your investment strategy, before making a short list of tokens for consideration. When choosing cryptocurrencies, try to consider each one’s use case as well as how it fits into the market and which projects it is competing with. 

How do I start investing in crypto?

The easiest way to start investing in cryptocurrency is by buying the native tokens of any projects that take your interest. We’d suggest initially sticking to the market mainstays, like Etheruem and Bitcoin, before exploring the subsections of the market as your expertise grows. Don’t forget, cryptocurrencies are a highly volatile investment and the market has its lows as well as its highs. 

Is Bitcoin still a good investment?

Bitcoin critics have been predicting its downfall for years now, but as things stand the original cryptocurrency is still the most valuable and most sought-after by mainstream investors. In addition, Bitcoin is still the benchmark against which all other cryptocurrencies are measured. As such, it’s still a sensible investment - particularly for those new to the crypto market. 

Where can I buy cryptocurrency?

If you know which cryptocurrencies you want to buy, then the next step is to find a broker that can give you access to the market. There are plenty of options here, but we recommend eToro for most users, as its a highly approachable platform with competitive fees and plenty of information resources. 

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