Crypto enthusiasts are constantly on the lookout for the best crypto to invest in. This is understandable, as no investor wants to take a huge plunge that could cause bankruptcy.
As a matter fact, cryptocurrency is being called the “new oil money”. With a host of new coins hitting the market, 2020 was the year of the global pandemic. Solana, a cryptocurrency, saw a 43 million% return in 2021. Ethereum saw a 408 percent gain.
Investors in cryptocurrencies are always looking for the best opportunities to invest. Experts warn that cryptocurrency investors should not invest in any asset that isn’t stable.
Here are seven cryptocurrencies that you can invest in 2022 based on their performance.
Ethereum is second in market capitalization, behind Bitcoin by 456 percent.
This is a great investment as it has held its position for many years and no other coins are likely to come close. The blockchain is another feature of Ethereum. It is the most well-known and is currently being upgraded to Ethereum 2.0.
This upgrade will see Ethereum move from proof of work (PoW), to proof-of-stake, making it faster and more cost-effective to run.
Bitcoin is a great cryptocurrency to invest in. It’s also the most valuable, with a 76.3 per cent return.
Bitcoin is not being threatened by any other cryptocurrency. The coin has been the best cryptocurrency, even during economic slowdowns.
Rumours abound that the US government is considering regulating Bitcoin. If this happens, Bitcoin will be recognized as legitimate and more people will use it. The coin has attracted large corporations and individuals.
Dogecoin is still the largest meme coin in the world, with a year-to-date performance at 4,050 percent. The meme coin generated a high return due to its large online network.
It attracted the attention of celebrities like Miley Cyrus, Elon Musk (the world’s richest businessman), who were able to influence its rise.
It is worth noting that Binance’s native token, BNB, is Binance’s largest cryptocurrency exchange. It currently has a score of 1,332.9 for the year.
Binance is currently in a strong position on the market and is growing. It is early in the year but BNB has already delivered 1,332 percent, so it might be worth considering.
The Solana blockchain has the potential to challenge Ethereum. Solana’s growth rate has been 10.740 percent in the last year, which is a sign that it is very successful. This is enough reason to consider the coin.
Chainlink is, in reality, a data exchange rather than a blockchain. Oracle can help connect blockchains with external data sources to allow them to work efficiently, even though not all blockchains contain all the necessary data for trade.
It has an 80.2 percent success rate. Chainlink is the most popular oracle in the market. This makes it crucial for app developers who depend on it to make their apps work properly. Chainlink’s future looks bright and is full of potential as a result.
After Ripple Labs was sued for fraud, XRP fell to third place. Rumors suggest that XRP is on the rise.
It could be true, considering its performance of 334.6% despite litigation. Ripple Labs also revealed that it could win and XRP will rebound more.