With the increased adoption of digital currencies recently, there’s no doubt that they are here to stay. However, the issue of volatility and scams has made investing in crypto coins risky. Investors always find it challenging to ascertain which of the coins that’s likely to survive and the right one to invest in.
However, there are still real and promising coins out there that you can explore in 2022. The top coins to invest in 2022 includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA). Let’s see the promising facts about these coins.
Top Crypto Coins to Invest in 2022?
With over 6,000 crypto coins existing in the crypto industry, these top four coins would likely trend very well in 2022. They are investment-worthy and good recommendations for those who hope to make good returns. Profit margin (price performance) and risk level are the bases of their ratings; they include;
- Bitcoin (BTC): Bitcoin, the first crypto launched in January 2009, is popularly known as digital gold. BTC has gained popularity attracting several investors and being recognized as a legal tender in El Salvador. In the last quarter of 2021, BTC made an all-time high above $68,000. Although it has gone down to below $50,000 presently, predictions have it that BTC coin may hit $100,000 sometime in 2022, as experts anticipate more exciting news, including the possibility of more countries adopting BTC as a legal tender.
- Ethereum (ETH): Ethereum is the second popular coin and a blockchain that permits developers to establish their crypto. The network has the design to support more technologies in the future, and the ETH price trend imitates that of Bitcoin. Similar to BTC, the ETH coin soared higher towards the end of 2021, reaching an all-time high of over $4,800. Although the coin price hasn’t been stable, it has made a significant growth of close to $3,900 in 2022. ETH rally comes from technological developments; it facilitates Defi hence progresses with Defi’s success. However, Ether is considered the best option for those who desire to invest in a trusted coin like BTC but don’t have such a big amount.
- Solana (SOL): The SOL coin, due to its innovative model is used mostly by both institutional and small-time traders. As of September last year, Solana ranked the 7th in the CoinMarketCap attaining over 700% gain in mid-2021. This is based on its Ape NFT launch which sent it to an all-time high of over $202. SOL is down presently but has not gone below $165. There are higher developing activities on the Solana ecosystem and the continuous rise of gaming verticals and NFTs. This will surely increase the value of the SOL coin in 2022. With more investors’ support, Solana’s price prediction for 2022 will experience a bullish run.
- Cardano (ADA): ADA is among the crypto coins with a bullish run in 2021, assuming the top 10th position in CoinMarketCap ranking. Cardano (ADA) is secured via a verifiable and environmentally secure PoS protocol – the Ouroboros. In CoinMarketCap, ADA rose from $5.5billion to $44.7billion, which made it one of the largest in the crypto space. In 2022, ADA price has refused to settle below the $1.31 benchmark. However, it’s predicted that ADA might see a big push in price as more contracts are deployed on the network.
There may be other promising coins existing in the digital industry, but this article focused on the top 4. These coins are more likely to experience a major price boom from their present prices in 2022. They have more room for growth based on their technology, price chart analysis, and predictions.
As you decide on the best coin to invest in, it’s safer to invest when the coin value depreciates. Again, for short-term investments, use only what you can afford to lose as crypto prices are highly volatile.