Here are the best cryptos that have had a crucial plunge but are all set to skyrocket in 2022.
People’s interest in crypto has skyrocketed tremendously over the years. Although the industry is in its infancy and constantly evolving, several cryptos and altcoins have the potential to generate significant returns over the long run. So don't miss out on these 6 cryptos that have fallen too far and won’t stay this cheap for long.
- Bitcoin is undoubtedly a revolutionary technology, making it a good buy.
- ETH has grown immensely in value since its inception.
- Cardano is one of the top cryptos with solid fundamentals and growth, adding ADA to the list of the best cryptos to buy now.
- Thanks to its industry-leading scalability Solana is one of the top cryptos to bag now.
- Dogecoin will get a facelift with a new website and new, easier-to-use technical building blocks.
- The green transition has the potential to make Polygon a good investment option.
Bitcoin (BTC)
Increased adoption has solidified BTC’s position as the best cryptos that have fallen too far and won’t stay this cheap for long.
Bitcoin is the oldest digital asset but still the best crypto to invest in now. Although it is highly volatile, it has always managed to rebound from its lows. The crypto has hit multiple new all-time high prices since its inception, followed by big drops, and institutional buys from large institutions like Tesla.
Moreover, after becoming legal tender in El Salvador in 2021, other countries are looking to follow the same move to attract innovation, boosting BTC’s adoption. Additionally, it has taken center stage in the global geopolitical climate, and 2022 seems like a year of massive adoption for this crypto. Therefore even though it seems that BTC has fallen too far, it won’t stay down for long. Investors should grab this opportunity to add this crypto to their portfolio.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Experts suggest Ethereum’s first-mover advantage has positioned it for long-term success, making ETH the best long-term investment.
Ethereum is much more than just another cryptocurrency for many investors and enthusiasts. This advanced blockchain-based software network has numerous utilities and applications across the tech world, specifically for gaming, music, entertainment, and decentralized finance.
Even though its prices have dropped a lot, the upcoming Merge upgrade will make sure that ETH won’t stay this cheap for long. The ETH 2.0 upgrade will see the blockchain switch from the current Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) consensus mechanism making it highly scalable and sustainable.
The upgrade is expected to cut ETH issuance by about 90%. Reducing the circulation supply means less supply and higher demand, which would push the price of ETH higher.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
The price of ADA spikes up supporters anticipate Vasil hard fork.
Cardano has been performing much better than most digital currencies in terms of market gains. ADA is already using energy-efficient Proof-of-Stake mining and has smart contract capabilities.
The crypto might have fallen too far, but it won’t stay this cheap for long. Soon it will have the capabilities and infrastructure to process millions of transactions per second. Moreover, the implementation of the Vasil hard fork would deliver considerable improvements to the network, adding ADA to the list of the best cryptos to buy in for long-term returns.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana's industry-leading speed has positioned SOL as one of the best cryptos, making it stand out from the competition.
Solana is designed to host decentralized applications and autonomous programs that use smart contracts to offer services on the network. It is also referred to as an "Ethereum killer" because of its superior speeds and scalability compared to Ethereum.
Even though the crypto might have fallen too far, the Solana pay launch will ensure that it won’t stay this cheap for long. (Solana Pay is a blockchain-based payment solution that enables users to buy goods and services using SOL.)
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
Continuous support from Elon Musk would drive the price of DOGE to new highs.
Dogecoin has experienced a massive rally since its inception. Thanks to social media hype, the crypto has gained cult status on Reddit’s WallStreetBets message board in early 2021.
Even though the crypto has fallen too far, Musk has hyped up DOGE enough on Twitter to ensure that it won’t stay this cheap for long. Additionally, the release of the Dogecoin roadmap 2022 and the creation of a new technical standard will make it easier for new developers to work with DOGE, boosting the adoption of the network.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
Polygon is developing multiple scaling solutions adding it to the list of the top 6 cryptos that have fallen too far and won’t stay this cheap for long.
Polygon, earlier known as Matic Network, is the first user-friendly platform for Ethereum scaling and infrastructure development. MATIC has been struggling since the start of 2022, but with numerous updates and developments in the pipeline, Polygon will rise significantly in 2022.
Moreover, Polygon’s Green Manifesto is a pledge to make the blockchain universe more eco-conscious, making the network highly sustainable. Polygon has a growing ecosystem with nearly 20,000 dApps; the network has attracted over 130 million unique users, experienced over three million daily transactions, and hosted over 3.4 billion transactions. Therefore, we believe that even though the price of MATIC might have dropped significantly during the market downturn, it won’t stay down too long.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Do not miss out on these 6 cryptos that have fallen too far and won’t stay this cheap for long. Invest in these digital currencies now and generate profitable returns over the long run.
Read More:
The 5 Best Ways To Buy Bitcoin (BTC)
The 5 Best Ways to Buy Dogecoin
The 5 Best Ways To Buy Polygon (MATIC)
Top 10 DeFi Cryptocurrencies That Are Set To Explode
Top 10 Best Long-Term Cryptocurrencies To Buy And Hold