There currently are over 20,000 cryptocurrencies in the market today. We know that cryptocurrencies have been the best-performing asset class of the last decade and are expected to remain as profitable in the future.
Choosing great cryptocurrencies to buy and ride the market’s profitability wave of the next decade can be overwhelming. We have scoured the markets to compile the 7 cryptos for investors to take seriously in 2022 to make long-term gains.
These cryptos have performed exceptionally well in the past, have the backing of sustainable blockchains, and are expected to continue rallying into the foreseeable future.
Bitcoin is the pioneer cryptocurrency and one of the most successful digital assets - having grown its value by more than 100000% in the last decade.
It tops our list of 7 cryptos for investors to take seriously in 2022 because of its hugely promising future. BTC has already been adopted as a legal tender in two countries, and we expect more to follow suit. Institutional investor interest in crypto and the number of businesses processing BTC payments have been on the rise.
All these continue fueling the demand for BTC against its limited supply, with the net effect of driving up its value.
Ethereum is already the most used blockchain as it houses virtually all the emerging crypto technologies - from meme coins to Web3, DeFi to dApps, NFTs, and Play-to-Earn games. It has also performed well in the past - rallying 16300X in 2015 and peaking at around $4890 in late 2021.
We believe investors need to take ETH seriously in 2022 because it could grow its value by as much as 10000% to break above $100k before 2030. The potential gains are attributed to three factors. First, the upcoming Merge upgrade is expected to squeeze ETH’s supply amidst a soaring demand.
Secondly, we expect more emerging crypto technologies to launch here and more brands to build on the platform, effectively maxing out use cases for the ETH tokens. Last is a sped-up addition of blockchain and crypto technology.
Solana is one of Ethereum’s fiercest competitors and the fastest expanding smart contract ecosystem. It seeks to integrate all the applications, protocols, and programs hosted on Ethereum into its network and spruce it with ultra-low transaction fees and ultra-fast transaction processing speeds.
It has already onboarded several emerging technologies, including Web3, DeFi, dApps, and meme coins. These have received a warm welcome from the crypto community, and their tokens posted incredible performance in the crypto market.
Solana has been around for slightly over two years, and at its peak, its token prices shot 130000% above its ICO price. By the turn of the decade, analysts are confident SOL will have raced to $2500. And this implies that you could be buying it at a 7000+% discount at the current dip.
Cardano is a secure smart contract platform. Like most other Ethereum-killers, it too seeks to host all the apps and protocols supported by the Ethereum network - but provides the added advantage of being more secure, faster in transaction processing, and more affordable. But it hasn’t been as quick in integrating these features because protocols on Cardano are first subjected to peer research.
This then explains why ADA tokens are grossly undervalued. It also explains why Cardano is yet to topple Ethereum despite being the - arguably - superior blockchain. The upside to this is that this undervaluation is the primary reason ADA is one of the 7 cryptos for investors to take seriously in 2022
As Cardano integrates more emerging crypto technologies, welcomes more brand partnerships, and attracts retail and institutional investors, ADA token prices will rally to new heights.
During the early 2021 crypto market rally, Shiba Inu token prices appreciated more than 5 million percent.
Though we do not expect it to rally by a similar margin any time soon, fundamental and technical analysis of the joke coin indicates that the prices for the second most valuable meme coin will continue uptrending.
During the next market rally, for instance, some optimists expect it to gain as much as 10000%, making SHIB one of the 7 cryptos for investors to take seriously in 2022.
Polkadot is a unique project that aims to decentralize the web by connecting blockchains and enabling interaction. The platform effectively allows any blockchain to be attached to it. The DOT tokens are also used for governance to vote on any changes to the network. Unlike other cryptocurrencies, Polkadot can be easily upgraded to fix bugs or even introduce new features without needing a hard fork or spinoff.
In November 2021, DOT reached an impressive high of $55. At the time of writing, it is trading at $7.16. The affordable entry point makes it one of the 7 cryptos for investors to take seriously in 2022 to make long-term profits.
Chiliz is a subsidiary of Malta-based Mediarex Group, a global sports and entertainment organization. This company is on a mission to reshape how the world interacts with the digital world.
CHZ is used to purchase Fan Tokens generated by sports clubs. A user can use these Fan Tokens to participate in exclusive polls that drive important club decisions. You also get a reward for active participation.
Chiliz has brought a new form of monetization for popular sports clubs while re-thinking strategy during the Covid-19 pandemic. It is determined to expand partnerships and add new sports verticals. It is planning to add 100+ teams to release Fan Tokens. The Special fund distribution strategy ensures smooth operation and steady growth.