Top Cryptocurrencies To Invest In 2022

Last Updated March 30th 2022
22 Min Read

What Are The Best Cryptocurrencies to Invest in 2022?

Finding the perfect cryptocurrency to match your investing profile is like searching for a needle in a haystach. 

Don't worry! We’ll explain which coins you should consider adding to your portfolio in 2022. Whether you’re new to cryptocurrency investing or an experienced investor, read on to discover the top cryptocurrencies of 2022. 

Cryptocurrencies had a terrible start to the year, with most sinking deep into bear territory. Decline of up to 30% were witnessed with many of them. A huge sell-off in the stock market accelerated the crypto decline amidst fears of inflation and potentially aggressive rate hikes.

Such sell-off indicates how volatile the cryptocurrency market is and why it may not be the best for risk-averse investors. But, if you are willing to take high risk, 2022 looks like a perfect time to buy top cryptos.

Here are the top ten cryptocurrencies with the best value, fastest growth, and most momentum: 

Ethereum (ETH)

Ethereum has, over the last couple of years, become a favourite for Dapps developers. This has a lot to do with its first-mover advantage in the smart contracts market. Through Ethereum smart contracts, developers can easily create Non-Fungible Tokens (NFTs) and DeFi projects.

Ethereum's dominance in smart contracts has seen it grow exponentially over the years. In 2016, Ethereum was trading at $11, and as of March 2022, it was trading at over $3400. That's an increase of over 22,000%.

With Ethereum efficiency set to improve thanks to the transition to Ethereum 2.0, it is a promising cryptocurrency to buy and invest in 2022.

Read Also: Ethereum (ETH) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Bitcoin (BTC)

Bitcoin was made in 2009 by a person or group of persons calling themselves Satoshi Nakamoto. Being the first-ever successful cryptocurrency, Bitcoin has become synonymous with blockchain technology.

For a transaction to succeed on the Bitcoin network, miners must verify it by solving complex cryptographic problems. This process is known as Proof-of-Work mining. Since those miners are large and distributed globally, Bitcoin is secure.

Due to its position as the first crypto, Bitcoin's price has grown significantly over the years. Back in mid-2016, one Bitcoin was going for roughly $500. As of mid-March 2022, one Bitcoin was trading at $47,000.

This represents a growth rate of over 8000%. Bitcoin's dominance and scarcity are likely to push up the price, making it one of the top cryptocurrencies to invest in 2022.

Don't Miss: Bitcoin (BTC) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Solana (SOL) 

Another top cryptocurrency worth considering in 2022 is Solana (SOL). The crypto has become one of the biggest platforms for various Dapps, especially those focused on DeFi and NFTs.

Solana's success has a lot to do with its fast speeds and low transaction fees. Solana is able to do up to 50k TPS at costs lower than $0.01. Solana achieves such speeds because it uses a hybrid proof-of-stake algorithm that combines with a proof-of-history consensus mechanism.

When Solana launched in 2020, the value of its native token SOL was $0.77. As of mid-March 2022, SOL was trading at over $110. That's a price increase of more than 12,000%.

Check Out: Solana Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ripple (XRP)

Ripple's XRP was made by the same people that formed Ripple, the fintech company that focuses on cross-border payments technologies.

XRP is integrated into some of Ripple's technologies, making it possible to send currency, both fiat, and crypto, seamlessly.

Back in 2017, XRP was trading at just $0.0006. Mid-March 2022 was trading at $0.863, a price increase of over 10,000%. Now that its price is gaining traction after a correction in January, XRP is a top cryptocurrency worth investing in 2022.

Read More: Ripple (XRP) Price Prediction

Are you ready to invest in Ripple (XRP)?

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA)

Cardano can't miss among the best cryptocurrencies to buy and invest in 2022. It is one of the first cryptocurrencies to implement a provably secure Proof-of-Stake Consensus mechanism. Cardano's Proof-of-Stake consensus cuts transaction times and decreases energy usage when validating transactions.

Cardano also has smart contracts, meaning it can be used to build decentralized applications. The Cardano ecosystem is powered by its native token called ADA.

Back in 2017, when it hit the market, Cardano was trading at $0.02. As of mid-March 2022, Cardano was trading at $1.20, representing a more than 5,000% price increase. 

Don't Miss: Cardano Price Predictions

Would you invest in Cardano (ADA)?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE)

Dogecoin is the king of the meme coins and had a fantastic run in 2021, gaining by over 12,000%. However, being a highly speculative investment, Dogecoin experiences wild price swings. As of Mid-March, 2022, Dogecoin was over 60% off its 2021 all-time highs.

While it is best suited for highly speculative investors, Dogecoin has still proven its worth by maintaining its position as one of the top 15 largest cryptocurrencies by market capitalization.

Dogecoin is also one of the favourite cryptos of Tesla CEO, Elon Musk, who also happens to be a highly influential figure in the cryptocurrencies space. He even saw to it that Tesla started accepting DOGE for certain merchandise.

With Musk pushing for its adoption, DOGE is a good crypto to invest in right now, with the potential for exponential gains.

Check Out: Dogecoin (DOGE) Price Prediction

How much would you invest in Dogecoin (DOGE)?

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Avalanche (AVAX)

Over the past year, Avalanche has risen through the ranks to become one of the largest cryptocurrencies by market capitalization.

Avalanche has even attracted the attention of one of the youngest billionaires, FTX founder Sam Bankman-Fried, who believes AVAX is one of the best cryptos. Bankman-Fried recently said that due to its low fees and its smart contracts, Avalanche could overtake Ethereum.

That said, AVAX is still a highly volatile asset. In the last 52-weeks, it has swung between lows of $9.34 and highs of $146.22. AVAX is currently trading at about $98. If AVAX adoption is anything to go by, it is a top cryptocurrency worth investing in 2022. 

Read Also: Avalanche Price Predictions

Is Avalanche (AVAX) worth your investment?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Yearn Finance (YFI)

Yearn Finance has a pretty high nominal price tag compared to Avalanche and many of the other cryptocurrencies reviewed above. YFI is currently trading at $23,416 and has a market capitalization of $880 million.

While its price is nominally high, Yearn Finance has a huge similarity to Bitcoin in that they are both extremely scarce. There are only 36,638 Yearn Finance tokens in circulation, and there will never be more. This means as demand increases; Yearn Finance could test prices in the hundreds of thousands of dollars.

 That said, Yearn Finance is a highly volatile asset. In the past year, it swung between lows of $18,566 and highs of $93,435. Now that Yearn Finance is trading pretty close to its 52-week lows, it could be a pretty good cryptocurrency to buy now if you are counting on a potential rebound.

Speculation aside, Yearn Finance has a lot going for it, including potential for growth in DeFi through its yield-farming platform. As DeFi continues to gain traction in disrupting traditional finance, Yearn Finance could grow in value.

Don't Miss: Yearn Finance Price Predictions

How much could you make investing in Yearn Finance (YFi)?

buy yfi

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Polygon (MATIC)

Polygon is one of the largest cryptocurrencies in the market today. Like Yearn Finance, it aims to help the masses benefit from the advantages that cryptocurrencies have to offer.

Polygon's primary goal is to make Ethereum scale better and have the capacity to run a limitless number of decentralized applications at any given time. Polygon has significantly benefited from its alignment with the world's largest Dapps platform. This is evident in MATIC's price, up 40x from its late 2020 prices.

With Ethereum demand on the rise and MATIC still over 40% off its 2021 highs, there is a lot of room for value growth. It could be a top cryptocurrency to invest in now in anticipation of more gains in 2022. 

Read More: Polygon Price Predictions

Is Polygon (MATIC) the millionaire-maker you’ve been looking for?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Shiba Inu (SHIB)

Shiba Inu was created in late 2020 to ride the meme coin wave that Dogecoin had triggered. It became one of the best performing cryptocurrencies of all time and even outperformed Dogecoin considerably.

Anyone who purchased just $2 worth of SHIB in January 2021 was a millionaire by November, as SHIB rallied by over 48,000,000%. While it started as just another meme coin, Shiba Inu is now working on a Metaverse platform, and its adoption in payments is growing.

All these factors make SHIB a top crypto to invest in 2022, now that it is still under 40% off its most recent highs.

Check Out: Shiba Inu (SHIB) Price Prediction

Is Shiba Inu (SHIB) a good or bad investment?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How To Start Investing In The Best Cryptocurrencies?

So, now that you’ve seen our list of the top 10 cryptocurrencies to invest in for 2022, you can start looking into adding some digital assets to your investment portfolio.

If investing in cryptocurrency is something completely new to you, you’ll ideally want a logical, easy-to-use platform that won’t scare you off.

eToro stands out as the top platform for beginners looking to get into crypto with over 90 crypto trading pairs to choose from (including crypto to crypto and crypto to fiat pairs).

eToro’s top feature is their CopyTrader functionality which allows you to copy the trades of others and can provide beginners with some valuable trading insights — it’s an innovative way to learn how the market works.

But don’t just take our word for it, check it out yourself.

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eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

If you decide to approach the crypto market, you must know that no strategy will guarantee you any success. Sure, you can make some great profits, but losses should also not be ruled out.

To reduce the chances of making any losses, you must have a risk management strategy in place, one that you know you can keep to.

Furthermore, be careful when researching trading strategies — you will find heaps of information online, but not every strategy will work for you. You will need to go through a phase of trial and error to formulate your own strategy.

Here are some key things you must know before you get involved in crypto. Knowing them will help you find the right investing strategy:

  • What kind of cryptocurrencies appeal to you most and why?
  • What influences the prices of the cryptos that appeal to you?
  • How much time can you dedicate to investing?
  • What do you want to achieve by trading cryptocurrency?

Having the answers to these four questions will make it easier for you to jump into the market as you will be more focused. They will also help you decide if a long-term or short-term investment strategy is best for you.

If you want to dive into the crypto market quickly and easily, check out the eToro!

Most likely, cryptocurrencies that are involved in the following three areas will do well in 2022:

  • Cryptocurrencies building ecosystems will likely flourish as more developers move into making dApps. Competition amongst smart contract platforms will encourage them to build better user experiences and more advanced features, which could win over more developers.
  • The crypto market will also likely become more integrated as efforts towards interoperability increase. This will likely increase the capabilities of DeFi and make the crypto market a lot more liquid as assets become more easily transferable between blockchains.
  • NFTs will also likely continue to bring many people into crypto who are not interested in trading or investing, but more interested in owning digital content. NFTs could act as a major way to bring cryptocurrency into many people’s lives and drive adoption. As we have already seen throughout this article, this is likely already happening.

To summarise, cryptocurrencies that use proof-of-stake consensus mechanisms with DeFi capabilities (especially NFTs) and multichain and interoperability capabilities will likely do the best in 2022.

Elsewhere, potential regulation remains a controversial issue among crypto traders. If it is too strict, it could prevent many people from entering the market and stunt development.

Another reason why regulation is such a thorny issue is that it could require exchanges to collect information on their users, such as KYC, and many hardcore crypto fans are vehemently against that idea.

Furthermore, laws on taxing cryptocurrencies and profits made from trading cryptocurrencies could become more developed. Again, an issue that divides crypto traders.

Perhaps the sector of the crypto market that will feel the biggest effect of regulation will be DeFi (that is if regulators can wrap their heads around it). DeFi is a major threat to centralised exchanges and financial institutions that operate as the middleman, particularly DEXs.

But more importantly, some DEXs offer the ability to tokenize and trade already existing assets, such as stocks, and this could be a big issue with regulators. (Uniswap is already feeling the pressure.)

For some though, regulation is seen as a good thing and something the market needs to be safe and would encourage more people to trade cryptocurrency.

And finally, proof-of-work cryptocurrencies may become a thing of the past as they become increasingly irrelevant. So, we may see less of coins like Bitcoin Cash (BCH) and Litecoin (LTC).

Best Cryptocurrencies to Invest in with the Most Momentum

  • Ethereum (ETH)
  • Bitcoin (BTC)
  • Solana (SOL)
  • Ripple (XRP)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Yearn Finance (YFI)
  • Polygon (MATIC)
  • Shiba Inu (SHIB)

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs

What Will Be The Next Big Cryptocurrency In 2022?

The next big cryptocurrency in 2022 will likely either be Solana, Polygon or Polkadot as all three race to dethrone Ethereum.

What Will Be The Best Cryptocurrency For The Long-term?

Bitcoin is still seen by many as the best cryptocurrency to invest in for the long term because of its potential to replace gold as a store of value. This theory suggests that BTC could eventually have a market cap of over $11 trillion.

Is Cryptocurrency Investing A Good Investment In 2022?

Cryptocurrency investing can be a good investment in 2022 if the market performs as well as it did in 2021, and with the current bullish trend taking hold of the crypto market, it could continue well into 2022.  Even if the market doesn’t perform well in 2022 and there is a crash or a downturn, 2023 or 2024 could see these fortunes change in the long term if investors continue to see the value of cryptocurrencies.

What Cryptocurrency To Invest In For The Next Five Years?

If Ethereum really can overtake Bitcoin by 2026 as suggested by Nigel Green of the deVere Group, then ETH coin could be the best investment to hold for the next five years.

What Cryptocurrency To Invest In For The Next 10 Years?

Bitcoin is likely the best cryptocurrency to invest in for the next 10 years. Because of Bitcoin’s limited supply, experts believe that BTC could be a better store of value than gold. Gold, on the other hand, can decrease in value if more is discovered and introduced to the market.

Which Cryptocurrency Exchange Is Best For Beginners? 

We believe the multi-asset brokerage platform eToro is the best cryptocurrency exchange for beginners. Its CopyTrader feature allows you to watch the trading decisions of experienced investors in real-time and copy their actions automatically. This provides a great introduction to the world of cryptocurrency trading in 2022.