6 Cryptocurrencies to Invest in 2022

Drawdowns, corrections, and flats provided various entry possibilities for crypto investors in 2021. Despite the fact that 2022 is still in its early stages, it has already presented several promising chances. The price of Bitcoin, for example, has dropped below $40,000, and the chart shows a variety of patterns. Some predict a bottom in the 40k range, while others anticipate a collapse to 30k and 20k.

One of the most famous cryptocurrency trading experts, Austin Arnold, who has more than a million subscribers on YouTube, has allocated several tokens that can “shoot” this year.

What Cryptocurrency to Invest in?

According to Arnold, the growth momentum observed in 2021 will continue in the next 12 months for Solana (SOL), which is positioned as a competitor to Ethereum.

Solana

Arnold believes Solana’s growth will be driven in part by the Phantom wallet, which already has more than 10 million users. It is also worth noting that this token offers faster and cheaper transactions, thus solving one of the biggest problems associated with Ethereum: the reduction in transaction fees.

Like Ethereum, Solana was created as a first-class platform for decentralized finance DeFi, excluding financial intermediaries such as banks, brokers and centralized exchanges. Launched in 2020, Solana is a small part of the market, but it is constantly growing.

The value of the coin has increased from $1.51 at the beginning of 2021 to over $160. In addition, Solana provides fast transactions (50 thousand per second). This is possible due to the use of the confirmation rate mechanism and the consensus of history.

Cardano

Right behind SOL with a market capitalization of $55 billion is Cardano. This cryptocurrency has shown a sharp rise in 2021. The token began trading below $0.20, and by early September 2021, the value rose to $3, becoming the third largest cryptocurrency in the world.

Founded in 2017 by Ethereum co-creator Charles Hoskinson, Cardano is one of the largest blockchains successfully launching a more energy efficient proof-of-stake protocol. Cardano aims to create a developer-friendly ecosystem for decentralized applications.

Unlike Ethereum, the number of coins of this cryptocurrency is limited to 45 billion. Luckily for investors, 33.5 billion, or about 74% of this supply, is already in circulation.

Polkadot

The Polkadot (DOT) blockchain is next on the list, with a 191 percent increase in value over the last 12 months. The token’s aggressive growth will continue in the future year. The introduction of the first parachain auction in the cryptocurrency network, which took place at the end of 2021, according to the expert.

Polygon

Polygon (MATIC) is also among the most promising cryptocurrencies for the year 2022. The crypto trader is confident that the token’s spectacular ascent in 2021 will lead to even more progress this year. It has a market capitalization of $17.1 billion, and the current exchange rate is $2.5.

Polygon is a second-level sidechain for Ethereum that uses the PoS (Proof-of-Stake) technology. This network is more efficient and has cheaper fees than Ethereum’s primary network.
In 2021, the Polygon token grew by 13,387%, the analyst recalled. According to him, the altcoin has not exhausted its growth potential and will be able to continue to rise in price this year.

Link

Next is the Chainlink oracle platform (LINK), and the trader believes that in 2022, the hopes of investors who bought this token in 2021 will be realized. Although the altcoin did not achieve lightning-fast growth last year, it still has the ability to surpass its previous high.

Aave

The DeFi cryptocurrency Aave rounds up the top promising cryptocurrencies of 2022 list, with a growth rate of 182 percent in 2021 and a potential price of $661. It has now dropped to $276, but the cryptanalyst is certain that the drop will be followed by growth.

Earlier this year, the token’s creators stated intentions to develop a mobile wallet, which will help the token’s price grow in the future.

Tips for Cryptocurrency Investing in 2022

If you are seriously puzzled by this question and have learned enough about what a virtual currency is and how it works, then the answer is yes!

Earlier, another well-known crypto trader Nicholas Merten told which cryptocurrency is profitable to invest in in 2022. The new favorites of traders will be tokens that are created or used in the metaverses, so it’s better to keep an eye on the Metaverse Index (MVI). For several months now it has been demonstrating higher profitability than Ethereum.

It is important to consider that cryptocurrencies remain assets with increased risks for investors. However, having significant experience in investments, you can earn or invest in future prospects. You need to invest in the electronic currency that meets your needs, needs and based on what you plan to get from it. Of course, it should be a cryptocurrency, in the prospects of which you have no doubts.