Top Crypto Projects to Invest in 2022
The cryptocurrency market has enjoyed immense popularity since people became aware of it. However, considering how volatile the crypto market is, many investors always want to know and predict which crypto coin to choose for investment.
Of course, Bitcoin has the largest crypto market share and a huge trading volume. That’s $2 trillion, or about 40% of the cryptocurrency market. The other 60% of the market is occupied by thousands of different altcoins, which differ in terms of functions and applications. With many cryptocurrencies available, it is normal to wonder which crypto project is the best to invest in. For example, is it a good idea to swap LTC to XRP, or is it better to buy BTC and hold it until the next price rise? Find answers to these exciting questions below.
Which Crypto Projects Are Best for Investment?
If you want to make a good investment, check out the list of top crypto projects that are most promising in 2022:
- Bitcoin. This is the most popular crypto project that was launched in 2009. Investors prefer BTC since its capitalization is ten times greater than that of other currencies in the world. Buying and selling Bitcoin has the highest liquidity;
- Ethereum. It is a community-driven project that powers the ETH cryptocurrency and thousands of decentralized applications. Ethereum has been strengthening its position in the market throughout 2020, and already in 2021, it broke its record in value twice (4.3 thousand dollars). It gives good prospects for investment in the long term. Therefore, many people buy Ethereum today, sell it when the price rises, as well as exchange ETH to LTC and get profit;
- Ripple. It is a global project for cross-currency and gross payments, created in 2012 by Ripple Labs. The Ripple payment network uses the XRP cryptocurrency. The developers of this cryptocurrency are focused on large financial corporations and not ordinary users. They consider their product a bridge between traditional banking systems and digital payment technologies. The development team is really making a huge effort to modernize and promote their project. Therefore, most likely, you will be able to profit from investing in it in 2022;
- Tether. This is an electronic analog of the US dollar in the cryptocurrency world. The project was announced by the Bitfinex cryptocurrency exchange in 2015. The goal of Tether was to replace fiat money in the cryptocurrency world. An investor does not need to lose money on commissions by converting a real US dollar into its virtual variation because USDT is its reliable electronic counterpart. This token is among the top five cryptocurrencies in terms of capitalization. Due to the dollar peg, the coin is less volatile compared to other cryptocurrencies;
- Chainlink. This project solves the problem of supplying data from the outside world to smart contracts. Platform tools guarantee the validity of the information that the system can use to perform various tasks. In recent years, this cryptocurrency has been among the top ten cryptocurrencies with the highest return on investment. This is one of the main arguments favoring buying, selling, and investing in this token.
Conclusion
Investing in the promising crypto projects described above allows getting a good profit. However, when making decisions about such investments, it should be remembered that they are always associated with risks. Therefore, it is important to correctly assess all risks, calculate costs and potential income, as well as be ready to spend time studying the features of the crypto market in order to multiply your own capital.
