With hundreds of cryptocurrencies entering the market daily, it could be hard for investors to come up with a list of seven of the best cryptos to invest in.
Without proper research, it is easy to waste money on scams and low-quality projects and coins disguised as high-quality cryptocurrencies.
When it comes to crypto investments, Bitcoin is obviously a top choice amongst cryptocurrencies to invest in for 2022. How to buy Bitcoin ranks highly on search engines due to its strong market reputation. In the altcoins market, things get tricky because there are many of them, many so complicated that it is not easy to understand what they do.
That said, there are many promising altcoins that have the potential to give you much bigger returns than Bitcoin in 2022.
Below is a list of seven of the best new cryptocurrencies to invest in
Solana – Best crypto to invest in 2022.
Cosmos – Strong use case could see it rocket this year.
Shiba Inu – One of the largest and highest potential meme coins.
Ethereum – Completion of upgrades gives Ethereum a lot of potential in 2022.
Cardano – One of the most promising coin for 2022.
Terra – crypto could explode in 2022.
Avalanche – Fast, low-cost transactions make it highly promising coin in 2022.
Here is a more detailed analysis of the cryptocurrencies mentioned above.
Solana is undoubtedly the best crypto to invest in 2022. While it started the year with a massive dip, it has a lot going for it that could see it outperforming the broader market in 2022.
Solana is a relatively young blockchain but has proven to be a big performer since it launched. Solana launched in 2020, and at the time, was trading at less than a dollar. It went on to hit highs of $260.06, giving it an ROI of over 47,000%.
Solana is in a uniquely good buy position now because of its strong fundamentals. The Solana blockchain is one of the most scalable and fast platform blockchains. With an ability to process 60,000 transactions per second (TPS), it could outcompete centralized systems like Visa.
Solana’s high scalability and speeds have seen it grow in adoption, especially for Decentralized Finance and NFTs. With adoption not showing signs of a slowdown, Solana could easily beat its 2021 highs once the bulls return.
Check Out: Solana Price Predictions
The other best crypto to buy and invest in 2022 is Cosmos. Its fundamentals are pretty solid. Its adoption continues to grow despite the bear market.
Cosmos aims at connecting different blockchains through their proof-of-stake system, which will create an ecosystem where people can trade digital assets without worrying about dealing with one specific platform.
Cosmos is aiming to the chain that helps reshape the internet by interconnecting decentralized applications into one big web. This use case has led to an exponential growth in the value of ATOM. So far, Cosmos has more than 260 Dapps running on top of it, and the numbers are growing.
The latest projects to start using Cosmos are DataChain and NTT DATA. They verified a ledger between Hyperledger and Ethereum using Cosmos. The goal is to develop the future of financial transactions with ease-of-use features that are both secure and efficient.
Cosmos has a lot of major developments coming up in 2022 that are likely to drive adoption going into the future. For instance, within Q1 of 2022, Cosmos will be introducing InterChain accounts. These are expected to spur growth in the Cosmos DeFi ecosystem.
There is so much going on with Cosmos that once the bear market comes to an end, ATOM could emerge as one of the biggest winners of 2022. With Web 3.0 expected to be the next stage of blockchain development, expect ATOM to rocket in value.
Read Also: Cosmos Price Predictions
3. Shiba Inu
The other token on our list is Shiba Inu. Last year taught investors that it never hurts to include meme coins in a cryptocurrency portfolio. Meme coins may not have the fundamentals of Bitcoin or Ethereum, but they sure do have vibrant communities backing them up. These communities help drive FOMO in bull markets, and the gains can be unimaginable.
Of all the meme coins in the market today, Shiba Inu stands out among the best to invest in for 2022. In the last Bull Run, Shiba Inu made millionaires out of people who had only invested as low as $100 in it.
Considering how much it has dropped since the year started, Shiba Inu comes off as strong buy-in anticipation of the next bull cycle. However, it is not just about its currently depressed prices, SHIB outnumbers other meme coins regarding community size.
Shiba Inu has also gained adoption over the past year and is now accepted as a means of payment by several organizations. Add to that the fact that SHIB is deflationary, and it’s easy to see why it is one of the best crypto coins to invest in.
Don't Miss: Shiba Inu Price Predictions
Ethereum is one of the most fundamentally strong and adopted cryptocurrencies in the market. Ethereum has over the years established itself as the number one Dapps platform, and despite facing many scaling issues, none of its competitors comes close to it.
One of the things likely to trigger an Ethereum rally in 2022 is the completion of its transition to Proof-of-Stake. The transition, which started in 2020, has a lot of positive implications for Ethereum.
For instance, Ethereum will have lower gas fees, and scale much better than ever before. That’s because it will rely more on layer-2 solutions such as Polygon to complete transactions, hence taking the load off the mainnet.
This makes Ethereum more attractive to Dapps developers and takes away a key selling point for Ethereum competitors. Essentially, 2022 could be the year when Ethereum vanquishes the competition and entrenches its dominance in the Dapps market.
Ethereum’s shift to Proof-of-Stake also makes the Ethereum blockchain environmentally friendly. This is a factor that could play in Ethereum’s favour, especially attracting institutional money.
The odds are truly in favour of Ethereum making new highs once the bear run ends.
Check Out: Ethereum (ETH) Price Prediction
The other best cryptocurrency to buy is Cardano, popularly known as Ada. In fact, Cardano is considered as the best cryptocurrency to buy in 2022 because of its Ouroboros Proof-of-Stake algorithm. Ouroboros solved the three biggest problems facing platform blockchains: scalability, security, and decentralization.
Cardano has established itself as one of the cryptocurrencies that have what it takes to compete with Ethereum.
One thing that sets Cardano from the other supposed “Ethereum Killers” is its Ouroboros Proof-of-Stake algorithm. Ouroboros solved the three biggest problems facing platform blockchains: scalability, security, and decentralization.
Cardano has also hit a number of critical milestones that could see it rally this year. For instance, in late 2021, Cardano enabled smart contracts, and adoption seems to be gaining momentum. A Metaverse project has launched on Cardano. A DEX is also building on Cardano, and all these are opening up the use case for Cardano.
Besides, Cardano has one of the best developer teams in the industry, and this pretty much guarantees that Cardano will keep hitting its milestones for 2022.
When you consider its fundamentals, roadmap, and the fact that Cardano is one of the top 10 blockchains by market cap, there is a good chance that it could rally once bulls fully take control of the market.
Read Also: Cardano (ADA) Price Prediction
Another coin that stands out among the top 7 cryptocurrencies to buy and invest for 2022 is Terra. It has the fundamentals, and it is currently trading at a good entry point.
Terra’s biggest use case is in the launch of algorithmic stable coins. These are stable coins whose supply is determined by an algorithm and are censorship-resistant because they are based on blockchain technology.
Over the past year, Terra has seen massive adoption, a factor that saw it rise to become one of the largest DeFi chains, second only to Ethereum. Terra adoption continues to grow, and since LUNA is the cryptocurrency that governs the Terra ecosystem, it has a lot of potential for value growth.
Don't Miss: Terra Price Predictions
Avalanche is one of the biggest Ethereum competitors in the market today. Over the past year, it has become one of the largest and most popular platform blockchains in the market.
Avalanche's popularity has a lot to do with its core metrics. It has been shown to handle over 4500 transactions per second at low fees while remaining highly stable. This is the reason why Avalanche continues to grow in adoption, a factor that could see it grow in value as bulls start returning to the market.
Going by its rising adoption, another crypto rally in 2022 could see Avalanche test new highs. It is one of the best altcoin to invest in now.
Check Out: Avalanche Price Predictions
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