The number of investors adopting cryptocurrencies for payments and as investments is rising. This is the direct result of the exponential growth curve of the cryptocurrency market. For instance, between early 2020 and the market peak in November 2021, the market went up 14X.
While the cryptocurrency market is quite lucrative, it can be hard to choose quality coins to invest in. The market has over 10,000 cryptocurrencies, and new ones are coming up daily.
This can be confusing for inexperienced investors. Luckily for you, we have compiled a list of the top 10 trending cryptocurrencies to invest in today.
1. Bitgert (BRISE)
Bitgert is the number one cryptocurrency in our list of top 10 cryptocurrencies to buy today. When going to press, Bitgert was trading at $0.0000001228, down by 10%.
Bitgert has been getting a lot of investor attention lately due to its unrivaled metrics in the platform blockchain space. Bitgert prides itself in zero gas fees and transaction fees as high as 100k transactions per second. It rivals other Ethereum competitors like Solana, which can handle up to 50k transactions per second.
Bitgert aims to be the network of choice for developers, including those of DeFi, NFTs, and Web 3 applications. Unlike many of its competitors, Bitgert is also completely decentralized, which makes it perfect for launching censorship-resistant applications.
Bitgert was recently listed on a top exchange in India, making it easily accessible inone of the world's largest cryptocurrency markets. Bitgert is also getting much attention from investors looking for a cheap cryptocurrency that could 10x. It is being compared to Shiba Inu in terms of its potential to make investors rich quickly.
If past price action is anything to go by, there is no doubt that hype is one of the most critical factors in a cryptocurrency's chances of doing well. That's why Bitgert continues trending even as the broader crypto market is yet to show signs of a clear bull trend. Once bulls retake control of the crypto market, Bitgert could be a top cryptocurrency performer in 2022 and beyond.
2. Avalanche (AVAX)
Avalanche comes in second on our list of trending cryptocurrency to buy now. In a few years, Avalanche has become one of the best platforms for launching Dapps.
When writing the article, Avalanche was trading at $79.09 and was up by 1.98%.
Avalanche has emerged as one of the most potent competitors to Ethereum. It is known for its decentralization and its throughput, hitting up to 4500 transactions per second. It has proven to hit such high speeds without any issues on the network.
Besides being one of the most scalable smart contracts blockchains in the market today, the Avalanche foundation has been working hard to improve the value of the Avalanche blockchain.
For instance, the foundation recently set aside $290 million to build an Avalanche Metaverse. The move into the Metaverse is funded with 4 million Avalanche (AVAX) tokens.
Avalanche's entry into the Metaverse is a big deal, given that the Metaverse is one of the frontiers that are expected to drive blockchain growth going into the future. Some analysts even project that the Metaverse could be a multi-trillion dollar market. In essence, if Avalanche gains a foothold in this market, it could reflect in the value of AVAX.
Besides, Avalanche has already seen massive adoption in the fast-growing Web 3 market. With all these growth frontiers open for Avalanche, AVAX stands out not just as a trending cryptocurrency, but also a growth cryptocurrency to buy today.
3. Waves (WAVES)
Third, in our list of top trending cryptocurrencies to invest in 2022 is Waves.
Waves may have been highly volatile over the last few months, but it continues to be one of the top trending coins of 2022. When going to press, Waves was trading at $21.33, up by 4.94% in 24-hours.
So, what's all the buzz about Waves? In early April, AllBridge announced that it was entering into a partnership with the Waves blockchain. AllBridge touched on the time-tested nature of Waves as the reason for choosing it over other blockchains. Waves has already proven to be one of the most stable and highly scalable platform blockchains, making it perfect for Dapps developers.
Waves reliability has a lot to do with its architecture. The Waves DAO-style multichain hub is known for its ease of use. It can link Ethereum Virtual Machine (EVM) and non-EVM blockchains. This makes it possible to transfer NFTs seamlessly. Essentially, Waves is designed to make Blockchain interconnected and accessible to all, which is key to long-term mass adoption.
With notable players like AllBridge choosing Waves over other blockchains, Waves is a trending cryptocurrency that can make you rich in 2022. The odds are in its favor both in adoption, and potential explosion in value once the broader cryptocurrency market turns bullish again.
4. Solana (SOL)
Solana is one of the blockchains that seem to have a solution to the scaling problems that have plagued platform blockchains like Ethereum over the years. Solana has the capacity to handle up to 50k transactions per second, and at an almost negligible fee. It is these capabilities that made Solana a top-performing cryptocurrency in 2021. Solana continues to draw investor attention and is one of the top trending cryptocurrencies of 2022.
When going to press, Solana (SOL) was trading at $107.02 and is up by 5.04%.
Solana's success has a lot to do with its innovative consensus mechanism called Proof-of-History. This uses time stamps cutting on transaction validation times compared to conventional Proof-of-Stake systems.
Since 2020, Solana has seen its adoption go up significantly. Today, Solana is one of the top Ethereum competitors that have a large and growing ecosystem of DeFi and NFT projects growing on top of it.
Besides, Solana is now easily available in almost all top cryptocurrency exchanges. For instance, one can now easily buy eToro, Binance, and even Coinbase. Coinbase even offers Solana storage in the Coinbase self-storage wallet.
This is a big deal given that on the Coinbase Wallet, investors can also store Solana-based tokens. This makes it the first wallet to support tokens that are not ERC-20. It's an incentive for investors to buy Solana-based tokens, which could play a role in driving up the value of SOL in the long run. It is not surprising that Solana continues to be a trending cryptocurrency with high potential for the second year running.
5. Terra (LUNA)
Terra is next on our list of top 10 cryptocurrencies to buy now. Terra is another notable name today. When going to press, LUNA was up by 6.25% to trade at $94.54.
Terra is one of the cryptocurrencies that took the world by storm in 2021, and the hype continues to build up. Terra's popularity amongst investors has a lot to do with its algorithmic stable coins revolutionizing the payments market. Today, one of its stable coins, Terra USD (UST), is one of the largest cryptocurrencies by market cap.
Terra provides the means to make stable coins that are pegged on fiat currencies, such as the U.S. dollar. Terra also smart contract functionality lets users issue assets on their own terms with complete freedom. Proof to this is the fast growth of Terra's DeFi ecosystem as seen in Terra's Total Value Locked that now easily rivals Ethereum.
The beauty of Terra is that it combines the best elements from both cryptocurrency and fiat currency. The algorithm ensures a one-to-one peg by adjusting supply as needed. This gives users access to all sorts of benefits without the risks of censorship that come with ordinary fiat currency.
Given that growth in Terra stable coins translates to growth for LUNA tokens, there is no doubt that LUNA is a trending cryptocurrency with strong growth prospects.
6. Cardano (ADA)
Cardano can't miss in our list of trending cryptocurrencies to buy today, and for a good reason. Cardano is one of the most advanced platform blockchains in the market today. Cardano runs on a Proof-of-Stake consensus called Ouroboros, which is one of the most advanced.
Ouroboros is grounded on the scientific method, and every bit of it is peer-reviewed. The result is that Cardano's Proof-of-Stake algorithm solves the three big problems that most chains face, and that's striking a balance between decentralization, scalability, and security.
Cardano was trading at $0.948 and was up by 1.95% when writing this article.
Due to its core metrics such as decentralization, security, and low fees, Cardano has been on the radar of Dapps developers for a while now. In 2021, Cardano introduced smart contracts, and adoption is gaining traction.
For instance, this year, a Metaverse project has launched on the Cardano blockchain, and there is a DEX building on top of Cardano. It is also noteworthy that top celebrities are now interested in Cardano. One of the better-known ones is Snoop Dogg, who is now in favor of Cardano for his NFTs line.
As more projects launch on the Cardano blockchain, the value of ADA will likely go up since it is the native token of the Cardano blockchain. With such strengths, Cardano is not only a top trending cryptocurrency but is also a top 10 cryptocurrency to buy and hold long term.
7. Sandbox (SAND)
Also joining our list of hot trending cryptocurrencies to buy today is Sandbox. Sandbox is one of the more popular Metaverse cryptocurrencies and is currently trading at $2.98, up by 8%.
The Sandbox is a Metaverse cryptocurrency that runs on the Ethereum blockchain. Like many other Metaverse cryptocurrencies, Sandbox shot to popularity in 2021 and is best known for its ease of use. Even someone who is not tech-savvy can play, make characters, and sell them as NFTs within the Sandbox ecosystem.
The result has been widespread adoption of Sandbox making it one of the best Metaverse cryptocurrencies to watch in 2022. To understand just how big the Sandbox ecosystem has grown, consider that it is now not just a gaming platform. It is also venturing into other aspects of virtual living.
A few months ago, Sandbox signed a deal with Warner Music, one that would see musicians and other performing artists start holding concerts in the Metaverse. At the same time, Sandbox lands are attracting interest even from corporate players.
One of the big institutional players that have bought Sandbox lands is HSBC. HSBC is one of the largest banks in the world, and the fact that they are taking an interest in Sandbox Metaverse lands is an indicator that they see value in it.
Besides adoption, Sandbox is one of the more decentralized Metaverse cryptocurrencies. This is a big deal in terms of SAND long-term adoption because for the Metaverse to thrive; it has to be decentralized.
8. Vechain (VET)
Vechain is another trending cryptocurrency to buy now. Vechain is currently trading at $0.0611 and is up by 2.58%.
Vechain is a two cryptocurrency blockchain looking to transform global supply chains. The two cryptocurrencies that are part of the Vechain ecosystem are VET and VTHO.
The working mechanism is quite simple. VET is used to transfer value on the Vechain network. The fees that are generated in these transactions are paid in VTHO tokens.
Over the last few years, Vechain has seen a massive increase in adoption. For instance, it has already been tested in the fashion industry. Back in 2020, UK fashion company Sarah Regensburger adopted Vechain to make supply chains more transparent.
Vechain is also gaining a foothold in the fast-expanding Web 3.0 space. Tim Draper, a venture capitalist, and immersive entrepreneur has partnered with VeChain to offer two programs for participants. The first is an opportunity for Web3 firm's development, while the second provides exposure in enterprise adoption through their blockchain application platform. It also features an introduction to the Metaverse, primarily play-to-earn gaming.
Given that the Metaverse and Web 3.0 applications are among the fastest-growing aspects of the cryptocurrency market, Vechain prospects are pretty good. It is a top cryptocurrency to buy and hold long-term.
9. Thorchain (RUNE)
DeFi is growing fast, and that's why a Thorchain (RUNE) makes it to our list of the top 10 cryptocurrencies to buy now. Thorchain is a decentralized exchange that allows for permissionless token swaps. When going to press, RUNE was trading at $9.12 and is up by 16.29% in the past week.
Rune has grown in popularity for its approach that cushions liquidity providers from losses. In an attempt to reduce the often fleeting losses that liquidity providers face while contributing, The Rune network provides this reduction by collecting a slip-based fee. This ensures that funds are kept where they're needed and never lost.
Besides this revolutionary approach to dealing with liquidity issues on its network, Thorchain is also drawing a lot of investor attention to the expanding ecosystem of projects that it supports.
Thorchain currently supports Cosmos-related projects, and that now includes Terra (LUNA). This is a big deal as it adds to the use case of RUNE, the native cryptocurrency of the Thorchain network. The inclusion of LUNA is specifically a big deal because it brings UST (one of the largest stable coins) into the loop.
Thorchain has so much going on that it is not just a trending cryptocurrency but also a cryptocurrency that could 3X in 2022 or within the next few years.
10. Pancake (CAKE)
To wrap up the list of our trending cryptocurrencies to buy in 2022 is Pancake. The CAKE crypto is a decentralized exchange that is at the center of the fast-growing DeFi market.
When writing this article, Pancake was trading at $8.58 and was up by 1.30%.
Pancake has grown in popularity as one of the top 10 DeFi cryptocurrencies thanks to CAKE staking and other incentives for using CAKE tokens. For instance, CAKE holders can earn by providing liquidity within the Pancake ecosystem.
Pancake also has a fast-growing ecosystem of projects that investors can trade. Besides the big cap cryptocurrencies, it is possible to trade new high potential cryptocurrencies on PancakeSwap. For instance, recently, a Play-to-Earn game called Mars4 was recently listed for trading on PancakeSwap.
As more of these projects trade on PancakeSwap, the value of the CAKE token will go up. This makes CAKE one of the best DeFi cryptocurrencies to watch once bulls retake control of the cryptocurrency market. The odds are in favor of CAKE giving investors life-changing returns on investment.