In 2022, which cryptocurrency is the best to invest in? Cryptocurrencies had a great 2021 and however much the beginning of the year was off to a rocky start, everyone is looking forward to what the rest of the year has to offer.
If you start researching cryptocurrencies, it won’t be long before you come across hundreds of smaller coins or tokens that promise all kinds of wonders but are mainly pre-sale ICOs with no future. This article will go over the best cryptocurrencies to invest in in 2022.
- Cardano (ADA)
Cardano is a cryptocurrency project that aspires to build the world’s greatest smart contract platform, including important qualities like scalability, interoperability, sustainability, and decentralization.
Because it is a platform with the biggest potential for scalability, Cardano is one of the finest cryptocurrencies to invest in this year.
In addition, the currency grew in 2021, indicating that it will likely continue to expand in the months ahead.
Furthermore, because its developers are working on a clear vision and strategy, Cardano may be one of the few cryptocurrencies that does not suffer from an identity crisis.
2. Chainlink (LINK)
Chainlink is a decentralized oracle that lets smart contracts connect to off-chain resources including data feeds, online APIs, and payment systems.
Sergey Nazarov and Steve Ellis, both co-founders of SmartContract.com, came up with the idea.
Chainlink intends to establish an open standard for connecting any blockchain to other data sources, such as centralized databases such as Oracle’s Cloud Service.
Chainlink is one of the finest cryptocurrencies to invest in in 2022 because it will allow developers (and other services) to connect their cryptocurrencies to current corporate infrastructure without having to build costly connections from scratch each time the two networks need to communicate.
3. Solana (SOL)
Another good coin to invest in in 2022 is Solana. It’s a scalable blockchain solution that can handle more transactions per second than any other consensus mechanism now in use (as much as 250,000 TPS).
In comparison, Ethereum currently supports an average of 15-20 TPS, whereas Bitcoin currently averages around seven TPS.
The finest part about Solana’s design is that it doesn’t require mining of blocks, instead relying on a safe proof-of-stake process in which each node verifies only two random prior blocks.
4. Polkadot (DOT)
Polkadot’s concept is unique in that it does not use mining of blocks, instead relying on each node confirming a random prior block and computing the hash of the new block’s overall transactions from the previous block, resulting in transaction confirmations in seconds.
It also contains an algorithm that makes currencies increasingly difficult to mine as time passes, resulting in fewer miners and thus a more decentralized system that is less vulnerable to solving problems through governance (rather than Proof-of-Work).
Furthermore, because they employ directed acyclic networks for their data structure rather than blockchain technology, one of its advantages can aid with scalability difficulties.
5. Polygon (MATIC)
Polygon has the potential to be a game-changing blockchain scaling solution. Binance and Coinbase, two of the largest cryptocurrency exchanges in the world, are supporting the project.
Polygon’s Layer 2 scaling solutions aim to encourage widespread adoption by making transactions faster and cheaper than ever before while also addressing many of the issues that come with scaling on multiple blockchains.
If you’re searching for a coin with the most scalability, Polygon is the one to go with.
6. THORChain (RUNE)
The THORChain crypto project is a blockchain-based ecosystem and protocol with best-in-class scalability capabilities. RUNE offers lightning-fast transactions, cheap fees, strong security, and, most importantly, an incentivized structure that encourages users to participate in the THORChain network’s operation.
It also includes important collaborations with projects like Decentrex (a decentralized Ethereum exchange) and SALT, which offers cryptocurrency-backed loans.
If you’re hoping to invest in cryptocurrencies this year, the project might be worth checking at.
7. FTM (FTT)
A coin with promise will be the ideal cryptocurrency to invest in this year – 2022. FTX Token is a one-of-a-kind coin that you should keep an eye out for.
FTT is a new blockchain token designed specifically for traders. FXT tokens are only intended for use on FTX, a cryptocurrency trading platform that debuted on May 8, 2019.
8. VeChain (VET)
VeChain is a ground-breaking blockchain platform that combines Internet of Things (IoT) technology with blockchain technology to create a supply chain management ecosystem.
VeChain will transform supply chain management in the future by building a self-sustaining ecosystem that solves many of the industry’s fundamental issues.
They will construct an infrastructure that ensures all items are monitored from beginning to end, as well as detecting any inefficiencies or discrepancies along the way, using blockchain and IoT technology.
9. Aave (AAVE)
Aave is a decentralized finance system that enables users to lend and borrow cryptocurrency.
Lenders earn interest by depositing digital assets into liquidity pools that are then utilized as collateral for flash loans.
This allows borrowers who want immediate access to their coins to do so without having to sell them at a disadvantage simply to buy them again later when values have risen.
10. Dogecoin (DOGE)
Dogecoin might be an excellent choice for this year – 2022. (DOGE). Jackson Palmer and Billy Markus created the currency as a joke in 2013, but it has since evolved to become one of the most popular cryptocurrencies on Twitter.
It also accepts microtransactions without issue, so if you’re searching for that kind of thing, DOGE is the way to go.
DOGE is a fun, friendly internet money, and what makes it even more intriguing is that it is endorsed by world billionaires and celebrities such as Elon Musk.