Best crypto to invest in 2022
Recent studies have suggested that around 106 million are using cryptocurrencies. The Crypto market is booming and flooded with new options.
One of the main reasons people invest in a crypto is its equity potential. By investing in crypto you can expect high returns. But before you begin the investment you need to select the best crypto to invest in.
Selecting the best crypto to invest in 2022 can be overwhelming. There are more than 2000 tokens in circulation. First, read about what is cryptocurrency and how does it work?
Coins like Bitcoin and Ethereum have been dominating the market for a long time. Selecting among so many old and new coins can be difficult for you. So we have picked out the best crypto to invest in 2022.
Also learn: How to invest in cryptocurrency in India
The 5 best cryptos to invest in 2022 are:
- Earthling (ETLG) — best crypto to invest in 2022
- Ethereum (ETH) — the best crypto to invest in 2022
- Bitcoin (BTC) — best crypto to invest in 2022
- Decentraland (MANA) – best crypto to invest in 2022
- Shiba Inu- best crypto to invest in 2022
Earthling (ETLG) — Best crypto to invest with a social cause
If you want your crypto journey motivated by a cause then Earthling is the best option for you. It is a rising crypto coin with a social cause. It has the mission to create awareness about climate change.
ETLG aims at taking action against climate change with the help of blockchain. It will assist buyers in reducing their carbon usage. Earthling has a bigger goal. It intends to achieve carbon neutrality and restore ecosystems.
This will be accomplished through a Web3 on-chain marketplace for carbon offsets.
ETLG tokens power the Earthling ecosystem. They enable a variety of use cases and governance. It gives the investors the right to vote in the Earthling DAO on crucial issues like how to allocate treasury cash.
Earthling is a revolutionary crypto coin whose prime goal is to promote climate change awareness. It is creating a sizable ecosystem to help with this goal. ETLG not only has the potential to be significant but also bring a change in society.
Also read: Tax on cryptocurrency in India
Ethereum (ETH) —Best crypto to invest for long-term investment
Ethereum is the second largest cryptocurrency by its market value. ETH is a gem of crypto coins because it is not limited to coin exchange only. With an acclaimed team, Ethereum has built a whole ecosystem. It is adopted by many startups and established companies which make it a very stable option for new investors.
ETH is the fuel of the Ethereum blockchain. It is the first smart contract blockchain and powers a variety of dApps and uses cases. Despite all the challenges Etherium ecosystem is growing.
Ethereum holds both intrinsic value and an industrial value which makes it an ideal choice for long-term investment in crypto. The ETH holds the potential to replace Bitcoin and become the leading coin in the crypto world.
Ethereum uses a token system-based software processing technology called Ether. This technology has made it more valuable compared to the other coins.
Bitcoin (BTC) — Goldmine of Crypto
Bitcoin is the first and the largest cryptocurrency available in the market. It is the biggest name in the crypto world. BTC has the highest market cap. It has proven to be a great asset for investors.
Bitcoin has been the first preference of most buyers. Although the recent market crash was one of the worst hit cryptos. But the experts believe that it has the potential to restore its value. If the market gets steady again BTC can be worth $68,789.63 and also hit 100,000.
Its previous performance keeps the investors hopeful. In 2018 bitcoin rocketed by 83% while around the end of 2021 it reached $69,000.
Decentraland (MANA) — The best Metaverse token
MANA cryptocurrency is a native of the Metaverse. MANA is a fast-growing ERC-20 coin that fuels Decentraland, one of the first experimental blockchain and virtual reality game ecosystems.
Decentraland is a growing ecosystem and the price of MANA is expected to maintain pace with it.
Decentraland is one of the biggest metaverses in existence. Its expansion and evolution as a result of additional collaborations and integrations held high hopes for the future of MANA.
MANA has shown immense growth this year. In Jan 2021 MANA was available for only $0.08 per token. In a year its value skyrocketed and reached over $5.2. But currently, it is down along with the rest of the crypto market. Its value now is $0.92.
Decentraland has been very resourceful in helping the masses connect with the metaverse. The ongoing value expansion of Metaverse can turn the table for MANA also.
Shiba Inu (SHIB)- Best crypto for a quick profit
Shiba Inu is the next most popular meme coin after Dogecoin. Last year it went up by 48,000,000% beating the leading coins like Bitcoin and Ethereum. But since the downfall of the market, Shiba Inu also faced a halt in its growth. If it isn’t growing why should you invest in it?
Shiba Inu has revived due to its entry into the metaverse. Metaverse is expected to hit a value of $8 trillion by the end of the decade. So investing in Shiba Inu can bring good returns for you.
It is much cheaper compared to big coins like Bitcoin and Ethereum. So it is a better alternative for those who don’t have thousands of bucks to throw at the crypto market.
Shiba Inu is a hype token and it has a big community that can drag it even in the hard times. So it is the best crypto to invest in for short-term profit. For the long-term coin giants like Bitcoin serves as more stable options.
The Crypto market is extremely volatile. Investing in it can be a great decision or a major loss for you. Do not do it because of the fear of missing out. Research properly before you put your hands on a crypto coin. In the crypto world, great knowledge can bring great wealth to you. But you need to be cautious and practical while each investment.