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Top 10 Cryptocurrencies With Best Growth Potential In 2022

Cryptocurrency is a digital form of currency and uses cryptography to secure transactions. It is based on blockchain technology in which transactions are recorded in digital ledger and are maintained in the form of blocks. It uses a decentralized system to record transactions and is not managed by central authority which makes it immune from any interference from government or central authority.

As of now, more than 16,598 cryptocurrencies are in existence. Thus availability of a wide variety of options coupled with high level of volatility in cryptomarket makes it all the more difficult for investors to decide which cryptocurrency to invest in. In this article, I will discuss the top 10 cryptocurrencies that one should buy in 2022.

10 Best Cryptocurrency To Invest In 2022 for Long-Term Investments

1. Bitcoin (BTC)

Market Cap: Over $687 billion
Bitcoin is world’s largest cryptocurrency when it comes to market capitalization. Bitcoin uses decentralized digital ledger to record transactions. It is a faster and low fee payment system for doing transactions throughout the globe. Companies like Microsoft, Paypal, Overstock, and Starbucks accept bitcoin to make payments and thus bitcoin is getting bigger day by day. Even Tesla Company had started to accept bitcoin as mode of payments though after a certain time it took back its decision, citing environmental concerns. Limited supply of bitcoin is a major reason for the increase in its demand among investors. Besides, one need not buy whole bitcoin and one can buy fractions of it.

2. Ethereum (ETH)

Market Cap: Over $286 billion
Ethereum is the second largest cryptocurrency after bitcoin in terms of market capitalization. Transaction activity per day is highest on Ethereum. Ethereum is not just a cryptocurrency but also a network that allows developers to create decentralized applications. It also has the potential to replace legal and financial agreements and all sorts of contracts. These features give Ethereum an edge over other currencies. Transition of Ethereum to proof-of-stake will make it more environment friendly and will give investors all the more reasons to prioritize it over other currencies.

3. Polygon (MATIC)

Market Cap: Over $10 billion
Polygon came into existence to solve the pain points of Ethereum. Polygon is a blockchain that works on Ethereum network to process transactions quickly and is thus called Layer-2 blockchain. It also acts as a platform to build and connect Ethereum compatible blockchain networks. Polygon’s founders have said that it will remain relevant even after up-gradation of Ethereum to Ethereum2 as it has capacity to increase transaction speed further. Thus it is likely that Polygon (MATIC) will perform well in future, if things work accordingly for Polygon.

4. Cardano (ADA)

Market Cap: Over $34 billion
Cardano is the sixth largest cryptocurrency by market value. As the Cardano network is small, it takes less energy to complete a transaction on cardano than on bitcoin whose network is quite large. Also unlike bitcoin, cardano works on a proof-of-stake model which uses less computation power and is thus preferable by those who are environment friendly. Furthermore, it beats giants like Ethereum in terms of transaction speed. Thus transactions on cardano are faster and cheaper. Another characteristic of cardano is that it has a fixed supply of 45 billion ADA.

5. Litecoin (LTC)

Market Cap: Over $7 billion
Litecoin is a decentralized cryptocurrency and its total supply is fixed. It can confirm a transaction in 2.5 minutes and is way faster than bitcoin which takes 10 minutes to confirm a transaction. In addition to this, Litecoin has a very skilled team of developers, thus one can expect some leading-edge technological developments in near future. All these, makes it an attractive investment for investors who are looking to buy altcoins.

6. Solana (SOL)

Market Cap: Over $28 billion
Solana is a blockchain based platform that supports smart contracts and decentralized applications. SOL is the internal cryptocurrency of Solana. Solana is one of the most popular cryptocurrencies known for its low transaction fees and high speed. Solana can handle as many as 50,000 transactions per second. Solana is also gaining traction in the non-fungible token world.

7. Shiba Inu (SHIB)

Market Cap: Over $11 billion
Shiba Inu is a meme-based cryptocurrency and is named after a breed of dogs. According to the data given on CoinMarketCap, Shiba Inu had even given returns of 120% in just 24 hours. It became a sensation among investors, thanks to tweets of Elon Musk and Vitalik Buterin.

8. Polkadot (DOT)

Market Cap: Over $17 billion
Polkadot is a platform to transfer any type of data on diverse blockchains. The numbers of developers working on Polkadot blockchain are expanding exponentially. Polkadot can currently process 1000 transactions per second and developers of Polkadot argue that Polkadot will be able to do 100,000 transactions per second in near future.
                               

9. Fantom (FTM)

Market Cap: Over $5 billion
Fantom is a smart contract platform for decentralized applications (Dapps). FTM is the cryptocurrency for Fantom network. Fantom is way faster and cheaper than Bitcoin and Ethereum. Besides, Fantom is building a centralized exchange for Fantom tokens. If this project works out in its favor then the demand for FTM can increase in future.

10. Decentraland (MANA)

Market Cap: Over $3 billion
Decentraland is a 3D virtual world platform and is leading the metaverse game. Anyone who believes that the future belongs to metaverse will be able to relate himself easily to this platform. MANA is the currency of Decentraland. Decentraland is gaining traction among large institutional investors, who are quite optimistic about digital commerce. As Decentraland is a leading player in its segment, those who would like to diversify their crypto portfolio should definitely give thumbs up to Decentraland.

These are the top 10 cryptocurrencies that I believe have the potential to grow in 2022. But one should keep in mind that cryptocurrencies are very volatile and risky so one should invest according to one’s risk-appetite only.

This article is written by my friend named Deeksha Thakur. Just visit LevelUpStrategy site to learn about some tactics regarding finance, marketing business and latest technology. Also don't forget to share this informative article on your social profile. Do commenting which one is your favorite Cryptocurrency to invest in 2022.

Have a happy Investment!!

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