Welcome to bulliscoming crypto media, the past year has been a great catalyst for the cryptocurrency market as numerous crypto asset has provided investors with an exceptional ROI – Return On Investment.
However, you may have been in search of the best cryptocurrency to invest in 2022 that could perform well but was overwhelmed or frustrated because of different and many cryptocurrencies that are available in the market which would have hindered your investment decision.
Among the thousands of cryptocurrencies that are available in the market, only a few will make a massive gain for their investors thus, we’ve taken out time to research and provide you with the best cryptocurrency to invest in 2022.
Best Cryptocurrency To Invest In 2022
Below are the lists of my well-researched cryptocurrency asset that I consider as the best cryptocurrency to invest in 2022.
Ethereum (Ether)
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ethereum works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime, and fraud.
Despite the scalability issue in the Ethereum blockchain, it was still the lead and King in DeFi space and the blockchain is making a continuous growth because it was the most used blockchain in the DeFi and NFTs sphere as it was the first blockchain to integrate smart contract capability.
However, Ether is one of the best cryptocurrency to invest in 2022 as it would gain more traction and growth as it is about to extend its protocol from proof-of-work to proof-of-stake – POS consensus mechanism with which will enhance the improvement in scalability and also have a lower transaction fee compared to the current proof-of-work consensus mechanism. This upgrade was named – Ethereum 2.0 and phase 2 of this upgrade is scheduled to complete this year.
Binance Coin (BNB)
BNB is the native and utility token that’s widely used In the Binance ecosystem, It is also the native currency of Binance Smart Chain, a blockchain platform that supports smart contracts for use in decentralized finance (DeFi) and other applications.
Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.
Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. Binance Coin is an integral part of the successful functioning of many of the Binance subprojects.
Fantom (FTM)
Fantom blockchain is a layer one blockchain and is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
FTM has been gaining momentum due to the interest of developers in Fantom blockchain as one of the best blockchains for DeFi protocols.
The token FTM is the utility token that’s used as transaction fees in the blockchain and also for staking activities and others.
Algorand (ALGO)
Another best cryptocurrency to invest in 2022 on our list is Algo, Algo Is the native and utility token that power the Algorand blockchain.
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable, and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
There have been a variety of projects launching on Algorand blockchain and some developers prefer their project to be launched on Algorand blockchain because of its scalability and very low transaction fees whereas that’s one of a reason for it to gain momentum in the coming years and most especially in 2022.
Algo – the native and utility token of Algorand blockchain has seen an ATH- all-time high of $2.38 and the price is $1.81 at the time of this writing.
Solana (SOL)
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
Solana blockchain has made a massive growth due to its NFTs compatibility thus, making SOL – Solana utility currency gaining huge momentum with it was predicted to continue with the trend in the coming years.
Avalanche (AVAX)
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
The AVAX has been performing well, and the Avalanche have had up to 160 projects being launched in its ecosystem, a large accounting, and consulting firm – Deloitte also made a public announcement in November last year that it choose the Avalanche blockchain as the best fit blockchain for development of a disaster recovery platform. The Deloitte interest in Algorand blockchain would surely attract more developers to select Avalanche blockchain as their blockchain of choice.
Polkadot (DOT)
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its codebase via on-chain governance according to the will of its token holder community.
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions, and services.
The Polkadot protocol can connect public and private chains, permissionless networks, oracles, and future technologies, allowing these independent blockchains to restlessly share information and transactions through the Polkadot Relay Chain.
DOT has seen an ATH of $54 and has been hovering around $30 – $28 lately, which is expected to explode as more partnership and adoption come in. DOT is another best cryptocurrency to invest in 2022 that cannot be neglected in the cryptocurrency space.
Developers are keen on the Polkadot interoperability that enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network.
Deutsche Telekom, Europe’s biggest telecom company also announced their partnership with the Polkadot network and confirm that they bought a “significant” amount of Polkadot. This announcement could bring in new investors into the Polkadot ecosystem from different angles.
Polygon (MATIC)
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
The polygon network has been widely increased with popular and well-skilled teams, most especially with new projects. This is simply because more blockchain projects are migrating from Ethereum to Polygon blockchain, mostly due to the high gas fee and another dilemma in Ethereum blockchain.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Polygon was developed to contribute to the development of the Ethereum blockchain, not to be an “Ethereum killer”.
MATIC is the cryptocurrency that powers the polygon network, it has seen its ATH of $2.8 and the current price is $2.4 at the time of this writing.
Conclusion
Making a fortune out of cryptocurrency is not a much-complicated task, it depends on how conversant you are with quality information.
You can only make an ideal investment if you invest in a crypto project with great future potential and I think the list of the aforementioned crypto project has future potential but further research is also required.
Bulliscoming is keen on providing you with similar quality information that could help you pave the way in the cryptocurrency and blockchain space, meanwhile, this article is for informational purposes only and not financial advice.
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