Top 10 crypto currencies to buy in 2022

The crypto market has been moving in a range-bound manner in 2022. Currently, the total market capitalization of the cryptocurrencies stands at $2 trillion. It is almost 33% down from its all time high of $3 trillion. Although, the performance of various crypto coins is not as expected. You can’t expect any market to move upwards only. Correction is always required and the same is happening right now. It is uncertain to what extent the market will correct. If you are a crypto investor then you should keep buying the dip.  Let’s take a look at the top 10 cryptocurrencies that you can buy in 2022:

  1. Bitcoin: Because you can’t ignore the king of all the crypto coins. Now Bitcoin has reached a point where you cannot expect it to give you 5x or 10x returns. But still, it is a better investment than gold and mutual funds. Currently trading around $42000, it is unlikely that Bitcoin will touch $100000 in 2022. Bitcoin is down 38% from its ATH. You should keep accumulating some Bitcoins whenever you have some spare cash.
  2. Ethereum: Ethereum has shown tremendous growth last year. Many decentralized apps have been developed on the Ethereum blockchain and it is still used by many Dapps(decentralized applications)developers. Ehtereum has been facing some problems for some time like lower transactions speed and high cost of transactions which has resulted in giving an edge to its competitors. An upgrade of the Ethereum blockchain is in process. On completion of the upgrade, the Ethereum network’s transaction speed will increase along with a decrease in transaction cost. That upgrade will have a positive impact on the price also. Ethereum is down 35% from its ATH and at $3200 Ethereum is a cryptocurrency to buy.
  3. Solana: A competitor to Ethereum with much faster transactions at a much less cost, Solana has all the potential to surpass Ethereum at some point in the future. It can handle 50000 transactions per second. On the contrary, Ethereum can handle only 20 transactions per second. Currently, Solana blockchain is the first choice among the developers. The famous boxing legend Mike Tyson is also all in on Solana. For all these reasons, Solana cryptocurrency cannot be ignored.
  4. Polkadot: It is one of my favorite cryptocurrencies as it offers many unique features. Most of the cryptocurrencies like Ethereum, Solana, etc., enable the users to develope smart contracts and apps on a single blockchain but Polkadot can build an individual blockchain for each smart contract or Dapp. All the blockchains are connected with the relay chain. Currently, DOT is trading with market capitalization of $25 billion.
  5. Binance Coin: Initially, Binance coin, BNB was launched as a ERC 20 token on Ethereum blockchain to incentivize the investors on Binance crypto exchange. Over time Binance has developed its own blockchain, Binance Smart Chain(BSC). Now it is one of the favorite token of developers and investors.  BNB is down almost 30% from its ATH.
  6. Avalanche: AVEX is the native token of Avalanche. Avalanche blockchain like Solana and Ethereum can host smart contracts. It is also among the favorite block chain to develop Dapps. Avalanche is designed to be much faster and cost-effective than Ethereum.AVEX is currently trading at $87 with a total market capitalization of $21 billion.
  7. Decentraland: We have mentioned in our earlier post that 2022 will be a year for cryptos related to the metaverse and NFTs. Decentraland (MANA) is one of the hottest metaverse cryptos. It offers to buy land in the metaverse. This virtual land can be used to do whatever you can do with the real land in real life. Currently trading at $2.90, MANA can deliver 2x or 3x in 2022.
  8. The Sandbox: It also enables the users to buy land in the metaverse. The sandbox has also recently announced its plans to launch a mega metaverse city. The SAND token is trading at $4.60 at the time of writing this post. SAND may hit $10 by the end of 2022.
  9. Enjin Coin: Enjin is a gaming coin. The gaming industry is going through a shift with the introduction of NFTs and crypto coins in gaming. Gaming assets are now being sold for real money. Coins like Enjin make this dream a reality.
  10. Cardano: With ADA  being the native token, Cardano was also established to solve the problems of the Ethereum blockchain. Cardano blockchain can host smart contracts. It offers faster transactions and lowers costs. Currently, this cryptocurrency is trading at $1.50.

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