Get the 5 top cryptocurrencies in 2022 to focus on when developing your investment portfolio. We will tell you the reasons for choosing these particular virtual asset options and what you need to consider when making your decision. What to buy – it’s up to you, but you can buy a lot of crypto in Trustee Wallet!
List of the best cryptocurrencies in 2022
As a way to multiply capital, investment in cryptocurrencies has become a widespread practice among investors of different experience levels. Something they all have in common is the desire to guess (or predict) which assets to bet on.
Based on the opinions of experienced traders and investment analysts, we would like to offer you the top 5 potentially profitable cryptocurrencies.
But first, we want to give some general tips and outline the criteria for selecting the most promising cryptocurrencies.
Disclaimer: Be aware when deciding to invest in cryptocurrencies that they are high-risk assets! Never invest more money than you can afford to lose. Any advice on opting for the best cryptocurrencies is not a straightforward guide to action, but the personal opinion of experts, analysts, and traders.
How to evaluate assets
So, by what benchmarks an asset should be evaluated as investable:
- high liquidity (the asset should be exchangeable into another cryptocurrency or fiat at any time);
- exchange rate stability (more or less stable average price of the asset over a prolonged period, or – better yet – growth potential);
- market capitalization (a high level of market capitalization usually means high demand for the asset and belief in its potential);
- developers’ credibility (their expertise, experience, success, activity, transparency, and communication of the team);
- the project’s practical utility (a clear and achievable roadmap, the real-world usefulness of the technical solutions);
- limited issuance (increases cryptocurrency demand and prevents inflation);
- high investors’ and crypto community’s interest (it will influence the value growth);
- expert opinion.
Top cryptocurrencies in 2022
While selecting the list of best cryptocurrencies in 2022, we deliberately did not include stablecoins, as we focus on currencies that can generate investment income.
- Binance Coin (BNB)
- Solana (SOL)
- Cardano (ADA)
- Ripple (XRP)
- Polkadot (DOT)
- Avalanche (AVAX)
- Terra (LUNA)
- Dogecoin (DOGE)
However, we will focus on those that analysts believe have the best predictions and growth potential next year.
The best cryptocurrencies to buy in 2022
Absolutely everyone advises incorporating Bitcoin and ETH in various proportions (depending on time horizon and level of risk tolerance) as the best cryptocurrencies to buy for a crypto investment portfolio.
These coins need no introduction, they perform a crucial risk hedge function in the portfolio and are expected to generate income in the long run.
We will concentrate on the less obvious assets, selected according to the above criteria and capable of rapidly increasing in value shortly.
They will certainly not replace the leaders, but they will be able to find and hold their niche in the market and even provide a higher rate of return for short-term investments.
Let’s take a closer look at them.
Solana is a high-speed blockchain; the practical application is to create DeFi solutions and dApps for increasing user involvement in DeFi.
Its throughput reaches 50,000 transactions per second with fairly low fees. According to the developers, the network can be scaled to billions of users worldwide.
The blockchain runs on an eco-friendly consensus algorithm that does not require mining on expensive computing hardware (ASIC, RAM, CPU, or GPU). Instead, it allows you to get passive income from SOL stacking (directly in Trustee Wallet).
Solana is a relatively young but forward-looking project. It was ranked #5 in market capitalization in the fall of 2021 and is trusted by the crypto community.
It is definitely worth a closer look, but don’t forget that it is still in the middle of development.
XRP is a native coin of the digital payment platform RippleNet, which has ambitions to become a global payment system like Mastercard or Visa. The platform runs on a blockchain, providing cheap and fast transactions.
XRP’s price surged significantly back in April 2021 and since then it performing steadily in the top 10 by market capitalization.
Experts believe XRP will become a very attractive investment target should it win over the SEC and re-list on the major exchanges.
Binance Coin (BNB)
BNB is a native cryptocurrency of the Binance ecosystem, whose practical application is: intra-exchange transactions, commission savings, staking, etc. Its issue is limited to 1 million coins. Surplus coins are burned to maintain the limit.
The future of exchanges is debatable. However, Binance adapts well to trends, on the one hand, offering DeFi solutions, and on the other hand, striving to meet KYC\AML requirements. All of this preserves its status as one of the largest crypto-trading platforms.
The BNB as a profitable trading tool on Binance is not to be expected to lose, but even to increase its value. Today BNB is #3 in the market capitalization ranking.
Avalanche (AVAX) is a fast, adaptive, high-throughput, and scalable network. In practical terms, blockchain is interesting since it gives developers the right to deploy third-party, decentralized, and fully customizable applications on the platform.
The project developers claim that it is the only platform in the world in which transactions are finalized in less than 2 seconds.
The project is funded by large foundations and companies. AVAX coin has a limited issuance. Its value has increased significantly over the past six months and there is no reason to assume that it will stop there.
Metaverse is not fiction anymore, but our future parallel reality, and it is worth accepting now. The pace of its development in the last year is staggering.
Mark Zuckerberg has already announced a $10 billion investment in the development of his metaverse. Some part of the community may soon choose it as their place of leisure, work, entertainment, and shopping. Obviously, this will require cryptocurrencies.
So we decided to complete our best currencies list in 2022 with MANA, the Ethereum blockchain-based virtual reality platform Decentraland’s cryptocurrency, which allows metaverse users to create, maintain and monetize content and applications. After its skyrocketing value in November-December 2021, many experts now believe in its potential in 2022.
Of course, there are many more promising top cryptocurrencies besides those described above. The decision is up to you.
When making an investment decision, be guided by the mentioned criteria, consider your financial capabilities and your risk tolerance level.
Buy smartly and store your assets securely with Trustee Wallet.