What Is the Best Cryptocurrency to Invest in for 2022?
If you’re looking to make money through cryptocurrency, there are so many options that it can seem overwhelming. That’s why it’s best to make your decision based on which type of investor you are rather than simply choosing the most popular coin of the day. In this article, we look at four different types of investors—speculators, early adopters, traders, and hodlers—and offer insights into what they should invest in and why. By the end, you should have no trouble making an informed decision about which currency to invest in or whether to invest at all.
Ether, also known as ETH, is currently one of the most valuable cryptocurrencies available. With its token being a core part of many blockchain projects (including blockchain platforms and decentralized apps), it’s safe to say that it will be relevant over time. Some people also think that Ethereum has better room for growth than Bitcoin since there are so many different use cases. As more projects are built on top of Ethereum, demand should increase in a positive way. Therefore, if you can get your hands on some Ether today at a low price and sell it later when prices rise, you could potentially make good money down the line. Or maybe not—but then again, neither do stock investors know how their investments will perform tomorrow or even next week!
Though it’s lost some of its momentum, Bitcoin is still king. With a proven track record and a substantial network, it’s difficult to see past BTC at present. However, other coins are beginning to emerge that may give Bitcoin a run for its money. For example, Ethereum has seen significant growth over 2017; with many experts predicting further growth as more developers use ETH to build decentralized applications (DApps). The value of Ethereum has risen by more than 2,000% since January 2017. If you’re looking to invest in cryptocurrency but don’t know where to start, look no further than BTC or ETH—though we do advise conducting thorough research before deciding on any coin!
Ripple’s XRP token has gained incredible momentum since its listing on Coinbase—and there are good reasons why. The digital asset will offer low transaction fees and nearly instant payment settlement times, allowing banks and payment providers to replace their existing infrastructure with XRP. That being said, it’s not necessarily a must-have investment; Ripple’s technology is still under development (though adoption is growing) and its value has skyrocketed alongside Bitcoin prices. But, it’s also become increasingly clear that these aren’t purely digital currencies. Whether you see Bitcoin or Ethereum as a store of value or an actual currency, that debate doesn’t even apply to most cryptocurrencies like Ripple.
The Litecoin cryptocurrency was released in 2011 by former Google employee Charlie Lee. While it is similar to Bitcoin and uses blockchain technology, it has some advantages over Bitcoin, such as faster transactions and increased security. Based on its recent spike (along with other cryptocurrencies), experts predict that its value will continue to increase well into 2022. Many say it could be one of the best long-term investments out there.
A relatively newer coin with a lot of development potential, Cardano has been gaining steam with investors. Of course, it’s had its share of setbacks—the team was forced to put its launch on pause due to regulatory concerns, and it suffered through several market corrections along the way. But those short-term hiccups aside, there’s plenty of reasons why Cardano could be poised for a successful run going forward. For one thing, it operates on a unique blockchain that boasts Ouroboros—an innovation that will help make cryptocurrency transactions more efficient by allowing smart contracts to run faster and be more secure than ever before.
This is an open-source cryptocurrency released in 2014, which distinguishes itself from its competitors through instant transactions, extremely low fees, and optional privacy features. Dash is considered by many to be one of Bitcoin’s leading competitors. It was originally known as XCoin but renamed Darkcoin because it wasn’t taken seriously when it launched. However, with an official rebranding effort in 2015 and a clear focus on making payments anonymous, Dash soon became a leading cryptocurrency platform. Currently ranked at 7th place on CoinMarketCap, Dash has climbed past $400 million dollars while maintaining a coin price of just $60 USD per unit. It also provides users with Masternodes which give out 45% of block rewards.
Stellar is a nonprofit organization that uses blockchain technology and its own cryptocurrency, lumens (XLM), to make global payments faster, more efficient and less expensive than ever before. By using Stellar’s network instead of a bank or financial institution, you can move money quickly around the world and pay very low fees — as little as 0.00001 XLM per transaction! Since it launched on Dec. 31, 2014, Stellar has quickly established itself as one of today’s fastest-growing cryptocurrencies. From Dec. 1, 2017 through Aug. 1, 2018 XLM has grown by nearly 12x!
The EOS blockchain was launched in late 2017 and has already cemented itself as a serious player. The EOS ICO raised $4 billion, making it one of the largest crowdfunded projects ever. But what is it about EOS that has made it such a sensation among crypto investors? Some commentators have noted that EOS’s wide range of functions will make it attractive, like its proposed implementation of worker and aristocracy nodes that can vote on network changes. Others have been drawn by its potentially game-changing decentralized applications (DApps). In any case, like Ethereum before it, if you believe in blockchain technology then EOS is probably a worthy addition to your portfolio.
With Neo, it’s no longer about how much a cryptocurrency can be worth. Instead, it’s about how much value that particular coin or token can provide in terms of smart contracts, DApps and other potential use cases. This isn’t an endorsement of Neo as a currency—it still has limited applicability and some technical issues need to be fixed before I could give it a thumbs up—but as it’s becoming clear that ICOs are more than just a trend, new types of cryptocurrencies will need to be assessed on their merits beyond being merely digital currencies. And Neo is well-positioned to be one of those key cryptocurrencies.