Top 5 Cryptocurrencies That Gave The Highest Profit In 2022 - Our Picks
Here is our list of the top cryptos that gave the highest profit in 2022. Explore more about each coin in the next section.
Solana - One of the best cryptos with a growing NFT marketplace
Ethereum - The most advanced crypto with a 10x return potential
Cardano - The fastest-growing network with a secure and sustainable blockchain
Polkadot - Leading interoperability blockchain network
Ripple - A must-buy crypto for the highest profits
A Closer Look At The Top 5 Cryptocurrencies That Gave The Highest Profit In 2022
Cryptocurrencies have become an integral part of investors’ lexicon. They choose the best crypto with the hope of making the highest profit in the future.
But, the crypto sphere is constantly changing and is highly volatile. However, in the long run, cryptos that are best equipped to deal with both opportunities and challenges become successful. So, let’s take a detailed view of these top 5 cryptos that gave the highest profit in 2022 for investors.
Solana (SOL)
Solana stands unique from its competitors by offering high speed and scalability. Thanks to its novel Proof-of-History mechanism, the blockchain can process 50,000 transactions per second. As a result, despite SOL's price plunges, it has managed to give investors the highest profit.
The launch of Solana Pay was one of the notable events in the ecosystem. It allows customers to pay merchants on the Solana blockchain using SOL or a stable coin like USDC, pegged to the US dollar. In addition, non-fungible tokens, or NFTs, also thrive in the Solana blockchain. It has a rapidly growing NFT marketplace that releases NFTs with different rarity ratings and can be purchased with various tokens. With growing adoption, SOL is expected to provide high profits for investors, even in the coming years.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum has always topped the list of top cryptos that ensured the highest profit for investors. The platform is known for its growing real-world utilities and supports an array of booming applications like decentralized applications, NFTs, and DeFi (decentralized finance) projects.
The one major problem that Ethereum faced in 2021 was its Proof-of-Work structure which resulted in high transaction costs and a slow network. But, with the implementation of the much-awaited Merge, it has now successfully migrated into a Proof-of-Stake network. This new and enhanced version of Ethereum represents a major step ahead in terms of scalability, speed, and more transactions per second than ever before while minimizing fees, latency, and energy consumption.
The team has more plans in the pipeline for ETH in 2023. The process of Sharding is one of the notable upcoming developments. Once it is completed, validators approving transactions will have to process only those transactions within their shard rather than the entire blockchain. The Ethereum network will finally increase its capacities, reducing fees and enhancing speed.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Cardano is a highly sustainable green crypto that has been on investors’ radars for many years and is one of the cryptos that has given the highest profits for investors. It relies on its novel Ouroboros blockchain system and has contributed to the launch of over 1000 dApps that relies on its scalable and secure smart contracts.
The active development team is consistently updating the network with new features and forks. With the Cardano Roadmap laying out new capabilities and features for the network, it would see growing adoption, and the ADA token would hit new all-time highs.
ADA seems to be a good buy now for profitable returns in the long run as the team has envisaged its Vasil hard fork, intending to improve transaction speeds further, enhance dApp development capacity, and augment the blockchain’s scalability. Furthermore, the Vasil hard fork also promises to unlock massive possibilities for Cardano's community of consumers and developers.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
Polkadot is a layer-zero protocol that has a bundle of interconnected blockchain networks that reach out and connect themselves to new partner blockchains with time. DOT has seen a considerable rise in 2022 despite the crypto winter, thanks to Polkadot’s multiple partnerships and network developments.
Polkadot has recently partnered with Frank McCourt’s Project Liberty, an initiative designed to build a more equitable and user-friendly technology infrastructure for the internet. The coalition is focused on creating high-performance, low-cost decentralized social networking accessible to billions of internet users. The protocol will also become an integral part of the next generation of the internet.
The network also has plans to expand its DeFi capabilities as Astar Network, Polkadot’s innovation hub, has partnered with the leading DeFi network Acala with a mission to supercharge DeFi on Polkadot. This would eventually push the adoption of the network, making DOT a must-buy now before it skyrockets to new highs.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple (XRP)
XRP was designed to simplify how financial payments are made and processed. The traditional system that processes financial payments is often highly complicated and fragmented. Ripple, leveraging decentralized blockchain technology, offers an alternative platform that facilitates cross-border payments which are secure, instant, and practically free. With Ripple’s unique consensus protocol, the RPCA (Ripple Protocol Consensus Algorithm), the platform processes transactions within seconds with minimal costs and energy.
Despite the ongoing lawsuit, Ripple has established partnerships with over 300+ financial institutions and banks for real-time, low-cost, cross-border payments. Some of the biggest names on the list include American Express, Santander, and US-based money transfer company MoneyGram. Therefore, XRP is certainly the top crypto that could give investor’s the highest profit in 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Investors are now looking for the next crypto that would explode to add to their portfolios. These top 5 cryptos have given investors the highest profit and will continue to do so in the coming years.
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