5 Best Cryptocurrencies To Buy In 2022 For Good Returns In 2023

Last Updated August 25th 2022
5 Min Read

Buy these top cryptos now to generate good returns in 2023.

Cryptocurrencies have become a highly lucrative investment asset class today. With the emergence of potential cryptos that offer steady development and innovative ideas, investors are constantly looking for the best cryptos that have long-term prospects. Finding the top digital assets is no easy feat, so here are the 5 best cryptocurrencies to buy in 2022 for good returns in 2023.

 

Cardano (ADA)

ADA certainly tops the list of the best cryptos to buy for long-term returns, thanks to its strong fundamentals. 

The price of ADA has been on a constant rise even when the broader crypto market was crashing, making the fledging asset a lone bright spot among thousands of other tokens. The major catalyst for Cardano in 2022 was that the crypto hit several key milestones, exceeding the 20 million transaction mark with no downtime in over 1500 days of operation. 

However, it has had its share of downturns because of a delay in its next blockchain upgrade, the Vasil hard fork. But experts say this is not a concern for the crypto because Cardano has an established track record of pulling off similar technological upgrades. Yet another reason investors still believe in Cardano's long-term potential is its peer-reviewed, academic approach to software upgrades. This has established it as a reliable blockchain that is sustainable and inexpensive, presenting the minor fiasco as a good buying opportunity for investors. 

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

Ethereum (ETH)

Experts believe that Ethereum will yield a greater return than Bitcoin for the rest of 2022.

Ethereum has outshined the crypto market since its inception because of its unique structure and first-mover advantage. It has garnered support and interest from the biggest and best entrepreneurs and investors in the tech and finance industries.

A key differentiating feature of Ethereum is its utility as a software network allowing developers to build and power new tools, apps, and NFTs. Ethereum offers multiple use cases and applications across the tech world, spanning from gaming, music, entertainment, and DeFi, making it one of the best cryptocurrencies to buy in 2022 for good returns in 2023. 

Moreover, investors and crypto enthusiasts are waiting for the long-awaited Ethereum upgrade, The Merge. Experts predict that the transition from Proof-of-Work to Proof-of-Stake would push ETH again to break $4000 in 2022, making it a good buy now. 

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

Cosmos (ATOM)

Cosmos is one of the best cryptos to buy in 2022 for good returns in 2023 as it promises to revolutionize the crypto-verse and solve the biggest challenge of interoperability.

Cosmos is an ecosystem created by blockchains that can interact with each other. Technically speaking, Cosmos is a decentralized network of independent parallel blockchains, where each chain is driven by BFT consensus algorithms like the innovative Tendermint consensus. 

Although ATOM is trading at $12.85, as of now, experts believe that ATOM will cross its all-time high (ATH) of $44.45 very soon with the advancements and upgrades to the Cosmos ecosystem. The network has one of the fastest-growing online communities on social media platforms like Twitter and Reddit, increasing its popularity. Moreover, since its last upgrade, called the Inter-Blockchain Communication (IBC) protocol in tandem with the Cosmos Software Development Kit (SDK), it has become easier for smaller teams to build on Cosmos. 

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

Polygon (MATIC)

Thanks to the increase in NFTs and DeFi projects, Polygon has a high potential for growth in the future. 

Polygon is one of the largest projects, specifically designed to make transactions on Ethereum much quicker and cheaper. The network is extremely scalable, with a network speed of 7,200 transactions per second (TPS). The project offers global partnership opportunities and a large ecosystem that is growing at a rapid pace.

A key catalyst for the price rise of MATIC tokens is the explosion in the popularity of NFTs with the rise of the metaverse. Polygon is the most preferred blockchain for creators as it’s much cheaper to mint NFTs. With more projects built on the network, it would see a massive rise in adoption, solidifying MATIC as one of the best cryptos to buy in 2022 for good returns in 2023.

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

The Sandbox (SAND)

We know that the metaverse is here to stay, and Sandbox is one of the potential projects that’s costly to ignore.

The SAND token is trading down materially from its all-time high of $8.44 in November 2021. But investors and experts are still bullish about the long-term perspectives of The Sandbox, predicting that it could hit almost $10 by the middle of 2023. 

The Sandbox has positioned itself as a successful project within the Metaverse ecosystem. SAND tokens are used to buy and sell assets within the Sandbox virtual world. As there is a consistent rise in user growth in the virtual metaverse over time, the transaction volume would increase significantly, pushing the price for SAND tokens to new highs. 

Additionally, the celebrity interest behind The Sandbox is highly intriguing. Popular names like the hip-hop legend Snoop Dogg have already marked their virtual real estate on the platform. Several other celebrities, like DJ Steve Aoki, have touted it as one of the best in the space. As more celebrities join the bandwagon, the demand and price of Sandbox will rise to new all-time highs, making it one of the best cryptos to buy in 2022 for good returns in 2023. 

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

The Bottomline 

Cryptocurrencies are risky but one of the best investment options to secure a wealthy future in the long run. To diversify your investment portfolio, these are the best cryptocurrencies to buy in 2022 for good returns in 2023.

Read More:

Where To Buy Cardano (ADA)

Where To Buy Ethereum (ETH)

How To Buy Polygon (MATIC)

The 5 Best Ways to Buy Cosmos (ATOM)

Best Future Crypto Coins To Buy

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