Introduction
It’s 2022, do you intend to invest in cryptocurrencies? Do you want to stay on top of the latest crypto developments? We’ve made it simple with our comprehensive guide to the top 5 cryptocurrencies to pay attention to in 2022.
Beginners who are unsure which cryptocurrency to invest in today need not be concerned! Don’t worry; we’ve all been in similar situations. We realize how puzzling it can be to look for new crypto investments. That’s why we’ve come to help you!
There are several alternatives to choose from. It might be challenging at times. Especially when so many cryptocurrencies attempt to achieve the same goal or have ambitious plans that will take decades to develop fully.
To make matters worse, the crypto market is constantly shifting. Traders’ preferences are changing, infrastructure evolves, and a coin can become extremely popular one day and then vanish the next.
Because of their broad appeal and potential for value gains, the projects listed below are the finest cryptos to invest in. Let’s take a look at each of these cryptos individually so you can see why they’re prized assets:
- Bitcoin(BTC)
- Ethereum(ETH)
- Binance Coin(BNB)
- ApeCoin
- Uniswap
Bitcoin (BTC)
Overall, Bitcoin is the best cryptocurrency for newcomers to invest in. Have you ever wondered if you could buy btc in Canada despite its high cost? If you’re new to the crypto asset world, Bitcoin may be the most undervalued cryptocurrency to invest in right now. This is because the most popular cryptocurrency is much less volatile. After all, BTC is the most valuable cryptocurrency by market capitalization.
In terms of price and valuation, Bitcoin has been trapped in a holding pattern in the first few months of 2022, fluctuating between pricing levels of around $38,000 and $42,000.
That being said, Bitcoin price forecasts indicate that by the end of 2022, BTC will have surpassed $75,000. So, if you want to acquire and hold cryptos for the long term, Bitcoin might be a good option.
Another significant advantage of purchasing Bitcoin is the ability to fractionate the leading digital currency. This means you can buy a fraction of a Bitcoin unit for a small amount of money.
If Bitcoin is priced at $50,000 and you wanted to invest $50, you would be buying 0.1 % of one coin. This is amazing for people who want to use Bitcoin for the first time without depositing big sums of money.
Ethereum (ETH)
Ethereum is the de facto best cryptocurrency to invest in 2022. The Ethereum blockchain is the foundation for one of the cryptocurrency projects discussed in this article.
Many people are willing to put money into Ethereum for the long term. Statistics and market analysis say that in the long run, it has the potential to outperform any other investment.
The price of Ethereum has risen dramatically as well. Its price increased by more than 32,000 percent from 2016 to early 2022, from around $10 to $3,550.
Analysts believe that the value of Ethereum (ETH) has a lot of space for an increase in the future and that investing in Ethereum is a wise long-term investment. As a result, this could be a good moment to buy and hold Ethereum while it is still undervalued.
Binance Coin (BNB)
Another cryptocurrency worth keeping an eye on is BNB. Binance is the world’s largest cryptocurrency exchange regarding trading volume and user base. BNB, the crypto exchange’s native cryptocurrency, allows clients to pay fewer commissions on the platform.
Binance coins can also be used for investing, paying bills, and booking travel. It can also be exchanged for cryptocurrencies such as Ethereum or Bitcoin.
The Binance Smart Chain, which holds several low-value cryptocurrencies, is likewise based on BNB.
With that stated, the price of the Binance Coin, like the rest of the top crypto coins, has plummeted in recent months. The token has already plummeted below the $410 threshold numerous times in 2022, representing a buy price discount of nearly 45 percent.
Ape Coin (APE)
ApeCoin is another popular cryptocurrency to buy right now. The developers of Bored Ape Yacht Club launched the gaming coin in 2022. This is a platform comprised of 10,000 non-fungible Bored Ape tokens that are one-of-a-kind collectibles (NFTs). This coin has a number of excellent altcoins to buy, all of which are based on the Ethereum network.
ApeCoin is ERC-20 crypto that combines governance and utility. When it was initially launched in early 2022, the price of this top crypto was roughly $6.40. APE tokens were trading for around $42 per token within hours. The coin’s pricing is currently approximately 55% below this value at writing.
ApeCoin was created as a Metaverse crypto project, explaining what it accomplishes. Shopping.io accepts cryptocurrency for online purchases. Users can shop for items from eBay, HomeDepot, Amazon, Walmart, and other retailers. Coinbase, a cryptocurrency exchange, handles payments.
The fascinating element is that ApeCoin users get a 2% discount when using this coin to make online transactions.
According to most ApeCoin price predictions, ApeCoin is one of the finest cryptos to invest in. You might also diversify your portfolio by including it.
Uniswap (UNI)
Uniswap is the next cryptocurrency to consider. Uniswap is most known for its famous decentralized exchange, which allows users to purchase and sell digital currencies without needing a third-party intermediary. As a result of its popularity, Uniswap now has a market valuation of $5.70 billion as of early 2022.
Uniswap has since expanded its business model by launching an online marketplace that integrates NFTs and the metaverse. This will immerse the crypto trading experience, but it will also allow buyers and sellers to transact in a decentralized manner by delivering its marketplace over the Uniswap network. If you are wondering where to buy Uniswap coin, visit a crypto exchange.
The coin is predicted to reach $18 per token in 2022, according to Uniswap price estimates. As a result, the token now has a purchasing price that is more than 60% lower.
Conclusion
Although you may be interested in investing in bitcoin and the future of the NFTs and Metaverse, proceed with caution. This is because many market analysts believe that a small number of competitors would dominate this new industry.
