Best Cryptocurrencies to Invest in 2022
Cryptocurrencies have created quite a buzz since their prices spiked in 2021, prompting many investors to use them for payments and transactions, converting millions of cryptocurrencies on a daily basis. But the cryptocurrency world is not only limited to the financial technology sector, some influencers are working to expand their technical fields by investing in cryptocurrencies, so we bring you the best cryptocurrencies that investors can buy and hold in 2022.
Bitcoin (Bitcoin) is the most popular cryptocurrency after its huge price hike in 2021, as it has the advantage of being a peer-to-peer online currency, that is, all transactions occur directly between equal and independent participants in the network without the need for an intermediary.
Ethereum is second only to Bitcoin and features programmable smart contract software, enabling a huge network of use cases, including tokens, stablecoins, decentralized finance (DeFi) or non-fungible tokens (NFTs).
Despite the recent decline of Solana, but it ranks third for its great success in 2021, as it has proven its worth among the fastest growing cryptocurrencies in the market to become the largest competitor to Ethereum after achieving a growth of 13662% in 2021.
Experts do not consider meme coins to be a viable option for long-term investment, but they showed their potential in 2021, which makes sense to invest in them in 2022. An example of this is the Shiba Inu coin, which has achieved a huge rise in Market value by 481,000%.
The emergence of “Metaverse” revolutionized the world of the Internet in 2021 and will continue to do so in 2022 due to the realization of its important value by investors and developers, so the “Axie Infinity” coin appeared and witnessed a significant rise in its popularity and market value to grow by 16000% in 2021.
Experts predict a good future for Polygon in 2022 thanks to Ethereum that will move completely to the ETH 2.0 version, relying heavily on second layer solutions, such as Polygon, which indicates the possibility of the Polygon’s value increasing and making it a good option to buy and hold.
The Avalanche smart contract platform is also a programmable network with a single-tier 3-chain architecture, where the separation of exchange, contracts and sub-networks of dedicated chains makes its AVAX tokens fast and scalable. It increased by 2000% in 2021, and experts are likely to continue its rise in 2022.
Terre is based on a blockchain protocol that uses properly tied stablecoins to operate price-stable global payment systems. . Dogecoin is also one of the most popular cryptocurrencies in the market, and it is an open source encrypted digital currency, and experts expect its significant growth in 2022.
Cardano is a proof-of-stake blockchain platform, and its ADA coin aims to redistribute power among the less fortunate in society, as it is designed in a way that ensures that owners participate in the operation of the network.
Aside from fully digital banks, the latest platforms, such as Coinbase, are innovating transaction facilities and revolutionizing payment methods, underscoring the ubiquitous proliferation of cryptocurrencies and their continued growth in the future.