Best cryptocurrencies to buy in 2022

By June 22, 2022The Sandbox
Click here to view original web page at economictimes.indiatimes.com

Interest in the cryptocurrency market is expected to grow at a rapid pace in the coming years. Whether you’re looking to buy your first cryptocurrency or a seasoned investor, this article can help you plan your next investment. This guide will discuss the best cryptocurrencies to buy in 2022 – all of which offer an attractive upside potential due to the major decline in the crypto market.

Best cryptocurrencies to buy in 2022
Below you will find a list of the top 10 best cryptocurrencies to buy in 2022:

  • Shiba Inu
  • XRP
  • The Sandbox
  • Uniswap
  • Cosmos
  • Decentraland
  • Solana
  • Dogecoin
  • The Graph
  • BNB

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Here’s a closer look at the best cryptocurrencies to invest in

Considering just how many cryptocurrencies are now in circulation, choosing the best cryptocurrencies for your portfolio is no easy feat. You’ll also need to choose the best crypto exchange with the lowest fees, research key metrics surrounding the goals of the project, its historical price action, current market capitalization, and more.

Consequently, a good example of the right type of research you should do can be found in our ApeCoin price prediction. With this in mind, the sections below offer a full analysis of the overall best cryptocurrencies to invest in during 2022.

1. Shiba Inu – Overall the best cryptocurrency to buy in 2022
Did you know that Shiba Inu is one of the most potential cryptocurrencies to explode in 2022? As one of the top meme coins, Shiba Inu has witnessed huge gains since launching in 2020. In fact, Shiba Inu has performed so well that it is one of the most popular cryptocurrencies and is now among the top 20 cryptos in terms of market cap. 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 also growing. All these factors make SHIB the top crypto to invest in 2022, as it is still under 65% off its most recent highs.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

2. XRP – Great cryptocurrency to invest in cross-border payments technologies.
The next digital currency to consider from the list of the best cryptocurrencies to invest in during 2022 is the XRP. Fortunately or unfortunately (depending on how you view it), XRP got into a bit of trouble with the US Securities and Exchange Commission in late 2020 which hit the price of XRP quite hard.

It resulted in XRP dropping from the third-largest crypto by market cap to sixth. As of writing, you can buy this top-rated cryptocurrency at a heavily discounted price of under $1 per token. But here’s the good news — despite the blow, the XRP token has the potential to recover anytime soon and it might not be too late to buy XRP this year.

According to XRP price predictions, the token is likely to increase steadily throughout the year, reaching potential highs of $2.14 by December. So one investment strategy could be to buy Ripple to sell it before the price slips from its all-time high.

3. The Sandbox – Top cryptocurrency to invest in the metaverse
Another digital currency to buy from the list of the best cryptocurrencies to invest in 2022 is The Sandbox. This crypto is a leading metaverse token that aims to connect the virtual and real worlds via unique NFTs whereby players from all over the world can explore the Sandbox ecosystem while communicating and networking.

Within the Sandbox metaverse, users and players can create and personalize their own characters, which can then be used to compete in play-to-earn games.

In terms of how the SAND coin has performed in the market itself, this coin has generated massive returns since it was launched. According to CoinMarketCap, The Sandbox was initially priced at $0.05 in mid-2020. This crypto last peaked in November 2021, whereby a price of over $8.40 was reached. And this increase has resulted in a 16,000% gain. As of writing, you can buy this top- rated cryptocurrency at a heavily discounted price compared to its peak price.

4. Uniswap – Leading DEX with a popular cryptocurrency backing its ecosystem
The fourth project to consider from the list of the 10 top undervalued cryptocurrencies is Uniswap. This crypto offers decentralized trading services which means that users can buy and sell crypto without needing to go through a centralized exchange like Coinbase. Instead, orders are matched on a peer-to-peer basis.

The Uniswap platform is built on top of the Ethereum blockchain and is home to a decentralized exchange. Uniswap is one of the most popular exchanges in terms of daily trading volume and the number of active traders.

Put simply, Uniswap’s concept with a DEX is that investors and traders buy and sell crypto coins without an intermediary. Uniswap could be one of the best cryptocurrencies to buy in 2022 should you believe in the future of decentralized trading. The UNI token is trading at a discount of nearly 75% when compared to its previous all-time high of $44.

5. Cosmos – Interoperability serves a real purpose in the blockchain space
Next up on the list of the best cryptocurrencies to invest in is Cosmos. This crypto focuses on the implementation and growth of blockchains to connect and communicate with each other.

To invest in Cosmos, you can buy its native coin (ATOM). This crypto still has a market cap of below $10 billion, and the Cosmos price prediction estimates the coin to hit a new level by the end of this year. 25 analysts forecast the ATOM to increase by more than 300% in 2022, so plenty of upside is left on the table for crypto investors.

In order for Cosmos to compete with blockchains to use its innovative technology, the ATOM coin is demanded and required. Due to this, Cosmos is one of the best cryptocurrencies to consider right now. As such, you can now get your hands on this coin and hold it for the long run.

6. Decentraland – Top-performing cryptocurrency backing a real estate metaverse
Decentraland is also one of the best cryptocurrencies to buy in 2022 if the metaverse industry is something you wish to gain exposure to. Decentraland is similar to The Sandbox in its virtual world aspect and is also another solid cryptocurrency to consider.

Decentraland is a virtual reality (VR) platform that exists on the blockchain of Ethereum. It allows its users to experience, create, and monetize content and applications. To put it simply, Decentraland permits users to buy virtual property, develop the property like creating an estate in the real world and maintain it as an online business.

Every transaction executed within the Decentraland ecosystem is conducted in the platform’s native crypto – MANA. And because of that, MANA has performed very well since it was launched a few years ago.

As Decentraland is among the most popular virtual reality platforms that record huge volumes and sales, many crypto experts believe that MANA is a good investment when compared to other DeFi coins, and some mainstream cryptocurrencies.

Despite all the ups and downs in MANA’s trading history, analysts think Decentraland’s price could grow further in the long term. This makes it one of the top coins to buy in 2022.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

7. Solana – One of the best cryptocurrencies to challenge Ethereum’s dominance
The next project to consider from the list of the best crypto investments to buy in 2022 is Solana. Solana is often called the ‘Ethereum Killer’. Solana performs significantly better than its Ethereum rival across many metrics. Solana is home to a decentralized blockchain that permits the deployment of smart contract agreements.

For example, Solana can handle over 65,000 transactions per second while Ethereum can handle 16. Regarding the fees, Solana is also a better choice as the transactions on its network are nearly free whereas Ethereum is extremely expensive compared to Solana.

In conclusion, investors should consider that ethereum will not continue to dominate the smart contracts market and should consider Solana as it could be the best crypto to buy now and hold for the long term.

Interestingly, if you had invested $1,000 in Solana when it launched two years ago when the coin was trading at $0.78, you would have received 1,282 SOL. At today’s price, this Investment would be worth $115,205.128. That’s an increase of over 41,000%.

As per Solana price predictions, the SOL coin is expected to increase by over 1550% in the next five years. And because the coin dropped down in the recent crypto bear market, it could be a great time to enter the market now and hold for the next coming years.

8. Dogecoin – Best meme crypto to buy before the next bull run begins
Dogecoin is one of the best cryptocurrencies to buy for the long term. It’s also considered one of the best meme coins and most undervalued cryptos in 2022. Dogecoin was indeed one of the most popular cryptos to buy last year. After all, Elon Musk often tweeted about Dogecoin in a positive way that helped the meme coin achieve huge pricing returns.

Dogecoin is the top 20 most popular cryptocurrencies in the world. Keeping in tandem with its popularity, Dogecoin has continued to see massive adoption. Analysts believe that DOGE has a further upside potential to offer investors. As per Dogecoin price predictions, the meme coin is expected to hit the $1 mark by the very end of 2022.

Investing at today's point will allow you to enter the market at a huge discount. This means that you can buy Dogecoin today at a price that is 82% less than its predicted price.

9. The Graph – Invest in the top growth of blockchain indexing
The Graph is another part of the list of best cryptos that you should monitor closely. The Graph is a decentralized indexing protocol for querying data for networks like Ethereum and InterPlanetary File System (IPFS). It is a global API that focuses on organizing blockchain data and making it easily accessible through GraphQL.

The Graph is regarded as an important part of DeFi, powering many applications in the sector, as well as the broader Web3 ecosystem. It is similar to some blockchain search engines, except for the fact that it is a decentralized platform.

And for this reason, The Graph could be one of the best cryptocurrencies to buy in 2022, not just because the project allows blockchain networks to index their data but also because by utilizing the Graph’s underlying indexing technology, networks can run a lot more efficiently by focusing only on data that is essential and relevant.

If you are interested in this project, you can buy the Graph token – GRT. As of writing, the digital currency is trading at less than $0.34 per token, so it’s available at a cheap entry price. As per The Graph price prediction, the coin is expected to reach over $1 by the end of 2022, rising to $2.45 in 2023 and $4.81 in 2025.

10. BNB – Large-cap cryptocurrency offered by the world’s largest crypto ecosystem
The final crypto asset to consider in your search for top cryptocurrencies to buy in 2022 is BNB. Binance Coin (BNB) was created by the popular crypto exchange Binance and is the native token on both the Binance Chain and Binance Smart Chain.

The main purpose of Binance Coin was to offer an alternative way to pay for trading fees on the Binance platform. Now BNB is one of the best utility tokens that can be employed beyond the Binance ecosystem, across blockchain and non-blockchain companies.

Binance Coin can be used to pay for goods, property, travel, and online services (e.g., via TravelbyBit). It can be used to get virtual gifts (e.g., on Gifto), in-game rewards, and also to pay freelancers for their work.

Interestingly, it’s not only its properties that make Binance Coin highly appreciated; the popularity of Binance is a factor that we can’t ignore. After all, Binance is one of the leading crypto platforms globally, with deep pools of liquidity, so it’s no surprise that Binance has managed to push BNB adoption further.

In fact, BNB has solidified itself as a top-4 in terms of market cap. When it comes to its historical price performance, BNB was priced at just $0.11 in 2017. As of today, this popular crypto has hit 52-week highs of over $689. And as such, this means since it launched in 2017, the BNB coin has increased in value by over 619,000%.

As per the predictions of experts, BNB is a good buy and can be considered by any trader or investor as an asset with a potential in the long term which can add value to any investment portfolio.

Conclusion
Finding the top crypto to buy in 2022 from a pool of 18000+ digital assets can be overwhelming. This crypto investing guide, however, has introduced you to what are considered the 10 best promising cryptocurrencies to invest in this year. This guide has discussed each and explained the factors that make them the best crypto to buy today.

Overall Ethereum and XRP are the best cryptos to buy for this purpose especially when you consider that those projects are among the best in terms of explanation and profitable growth. This means that based on current prices, you can invest in these top innovative ecosystems at a highly attractive entry price.

>>>Buy Best Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Disclaimer - The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Print Edition

(Your legal guide on estate planning, inheritance, will and more.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more

ETPrime stories of the day

All Today's Crypto News In One Place