Cryptocurrencies have been around since the creation of Bitcoin in 2009, but few people have taken notice over the years. This changed dramatically in 2017 when cryptocurrencies saw an increase in value unlike anything ever seen before. Cryptocurrency’s future looks bright, and it can be an excellent way to diversify your portfolio if you understand how they work. This comprehensive guide will provide you with everything you need to know about the best cryptocurrency to invest in 2022 and beyond.
Which is the best cryptocurrency to invest in 2022?
In 2022, which cryptocurrency is going to do best?
To date, these are the 5 best cryptocurrencies:
- Shiba Inu
- The Sandbox
Take a closer look at these best-to-invest-in cryptocurrencies.
In the article that follows, you’ll learn which crypto-currencies have the highest reward to date. Afterwards, you’ll need to identify the best crypto exchange with the lowest fees, study key metrics relating to the project’s goals, historical price action, current market capitalization, and more.
While Bitcoin is still king of cryptocurrency and Litecoin has been called the silver to bitcoin’s gold, it’s possible that a Shiba Inu (Japanese dog breed) will be worth as much as these two popular cryptos. This could happen if Dogecoin (one of many digital currencies based on an internet meme) continues to rise in value and gains mainstream adoption. Many investors feel confident that digital currency will be accepted worldwide, so they are investing heavily into virtual money.
Incredibly, Shiba Inu, a digital currency based on shiba inu dog breed, has risen to become one of the most popular cryptos and is now among the top 20 digital currencies in terms of market cap. With an investment of just $2 in Shiba Inu in January of this year, people would have become millionaires by November – in fact, they saw gains of 48,000,000%.
More and more companies are interested in investing in Shiba Inu in 2022. What makes it one of the best crypto to invest in 2022 is that the Crypto has 65% drop in price when compared to its most recent highs.
Even as cryptocurrencies have been gaining mainstream traction, volatility remains a hurdle for many people. While there are various factors that contribute to why digital currencies are unpredictable and unstable, one of them is its supply. For instance, most of the top 20 cryptocurrencies today have an aggregate supply worth well over $70 billion. In contrast, XRP has a total supply of just over 100 billion tokens; because its supply is limited, XRP can be traded more easily than other cryptocurrencies with higher supplies. By lowering volatility, it also makes it easier for businesses to adopt virtual currencies instead of traditional ones like USD or Euros.
The XRP has plunged to sixth-place by market cap and can be bought at an alarmingly discounted price. As of now, you can buy one XRP token for under a dollar. Even though XRP fell, it has a lot of potential to recover and it might not be too late to buy it by the end of the year.
An XRP price prediction from CoinTrends predicts that the token’s value will continue to steadily increase throughout the year, potentially reaching $2.14 by December. A smart investment strategy would be to buy the token and sell it before the price begins to slip.
Top cryptocurrency to invest in the metaverse. A recent report says The Sandbox is a popular metaverse token, a digital currency, one of the best to invest in. This currency is unique and connects the virtual and real worlds, one can explore the sandbox ecosystem while communicating and networking.
Users and players of the Sandbox metaverse can customize their own characters and play to earn money in the play-to-earn games.
As far as this coin’s market performance is concerned, the Sandcoin generated impressive returns right after it was launched. The price of the Sandbox peaked in November 2021 at a value of over $8.40 and has given an enormous boost of over 16,000%. Right now, it is possible to buy this popular cryptocurrency at a greatly reduced price, less than its original price.
One of the few cryptocurrencies with the potential to compete with Ethereum.
The next crypto investment you should consider from the list of the best to buy in 2022 is Solana. People often call it the ‘Ethereum Killer’. Outperforming its Ethereum rival, Solana demonstrates measurable betterment across a host of parameters. At Solana, there is a decentralized blockchain that is suitable for the development of smart contract agreements.
For example, Solana is capable of handling 65,000 transactions per second, but Ethereum is only capable of handling 16. One more aspect worth considering is the transaction fees for network activity on both Solana and Ethereum. On Solana, it’s a small fraction of a penny whereas Ethereum can cost well over a dollar per transaction.
Given that you could have invested $1,000 in Solana two years ago at a cost of $0.78 per coin and received 1,282 coins. Based on the numbers for today, this investment is worth $115,205.128, which is a 41,000% increase compared to last year.
So according to the Solana prediction model, the price of the SOL coin will grow by over 1550% over the next five years. Given that the coin was at its all-time low during the recent crypto bear market, it might be a good time to invest now, before the coin continues to climb.
What is the best cryptocurrency to buy when the next bull run begins?
Long term, Dogecoin is one of the best cryptos to invest in. Short term, it’s one of the best memecoins and will be one of the most undervalued cryptos in 2022. Although Bitcoin might have been the hottest crypto coin last year, Dogecoin also had some success, largely thanks to Elon Musk’s opinionated Tweets.
Keeping in tandem with its popularity, Dogecoin has continued to see its adoption surge, coming in as the twentieth most popular cryptocurrency in the world. Analysts predict that DOGE still has more potential to offer to investors. A Dogecoin price prediction indicates that the meme currency will reach $1 by the end of 2022.
Investing now means that you will enter the market at a considerable discount to its predicted price. Which means that you can buy Dogecoin at a much cheaper price today than it would be in the future.