Crypto currencies market has been dominated by bears this year. Right from the beginning of the year, all the crypto currencies have depreciated a lot including the Bitcoin and Ethereum. Currently, the total market cap is $1.64 trillion which is almost 45% down from all time high of $3 trillion. Like always happen, negative comments have started flowing to further discourage people from buying crypto currencies. But every dip is a buying opportunity and one should keep buying in the dip. It is not advisable to put all your savings in crypto currencies. The crypto market is highly volatile and only people who can bear high risk should invest in crypto currencies. In general, the future of the crypto currencies looks bright and they are likely to beat gold and the share market as far as returns on investments are concerned. If you are looking to invest some money in crypto currencies right now but have no idea which coins are worth your money, we are here to help you out. Let’s have a look on the top 10 crypto currencies to invest in right now:
1. Polkadot: I am a huge fan of Polkadot(DOT). The price of DOT has gone down a lot in 2022. Currently it is trading at $17.45 with total market capitalization of $17.64 billion. Although it is highly unlikely that the price of DOT will touch its ATH $55. But you can expect it to touch $30 anytime during this year.
2. Solana: The Ethereum competitor with much lower transaction fees and much faster transaction speed has a lot of fan following already. Solana coin is currently trading at $100.66. It is very likely to touch $150 in the bull market.
3. Enjin Coin: It is on our list of multi-bagger coin. Currently, it is available to buy at $1.52. The coin is undervalued and considering its use cases we expect Enjin coin to touch $4 in this year.
4. Binance Coin: BNB is currently trading at $345 almost 50% down from its ATH of $690. Binance coin currently sits at 3rd position in market capitalization. It will recover fast in positive market trend. We expect BNB to touch $500 by the end of 2022.
5. Near Protocol: Near coin is having strong fundamentals. It is one of the most affected coin in the current dip. Near Protocol is trading at $10.40. It has depreciated 50% from its ATH. You can expect Near Protocol to reach $15 during this year.
6. Chainlink: Another good coin that is available at a great discount. Currently trading at $14.60, this is a must-buy at this price. Considering its ATH of $52, you can easily expect Chainlink to touch $35 in 2022.
7. Axis Infinity: Though I was not expecting to see Axis Infinity below $50 still it is available to grab at $49. You can easily find Axis Infinity at $100+ by the end of 2022.
8. Ethereum: Down from its all-time high price of $4900, Ethereum currently trades at $2330 on various exchanges. Ethereum can hit $3500 once the market starts to recover.
9. Decentraland: MANA is an ERC-20 token mainly focusing on metaverse. Metaverse and gaming tokens have been booming lately. Decentraland(MANA) can be bought at $1.75 which makes it a must-buy at this price. MANA is expected to touch $4 within 12 months.
10. The Sandbox: Both Decentraland and the Sandbox are metaverse tokens. In my opinion, both of these tokens will boom in 2022. The Sandbox may surpass Decentraland in market capitalization. Currently trading at $2.80, you can buy the Sandbox to reach $6 by the end of 2022.
All of these crypto currencies are having strong fundamentals with good use cases. Because of the ongoing dip, all these crypto currencies are available at a great discount price. The market may fall a bit more. Bitcoin is having support at around $33000. If Bitcoin falls beyond $33000, crypto currencies market capitalization may take a dive again. Keep on investing a portion of your planned investment in crypto currencies. Feel free to post your suggestions in the comment box below.