What are the Top Cryptocurrencies to trade in 2022?
2022 has been a good year for cryptocurrencies despite the ongoing war crippling the crypto market briefly. Along with traditional top cryptocurrencies like Bitcoin and Ethereum, this year has witnessed a high rise of meme coins, metaverse coins as well as other altcoins. Interest in the crypto market is only likely to snowball in the coming years.
If you plan to trade the best cryptocurrencies now and want to stay ahead of crypto trends, you are in the right place. Based on many considerations, here are the top 10 cryptocurrencies to trade in 2022.
Virtual currencies are highly volatile. Your capital is at risk.
Best Cryptocurrencies To Trade In 2022
Presented below is a quick overview of the best cryptocurrencies to trade this year. Each of these altcoins will be reviewed in the following section.
- Ethereum
- ApeCoin
- Kusama
- Finance
- Polkadot
- Cosmos
- Tezos
- Shiba Inu
- Fantom
- Dogecoin
Virtual currencies are highly volatile. Your capital is at risk.
A Closer Look at the Top 10 Cryptocurrencies to Trade Today
Choosing the top crypto to trade for 2022 can be even more complicated if you are just getting started in the crypto market. To help you navigate through this tough market, we have picked for you the best 10 cryptocurrencies to trade in 2022.
In a market with over 13000 cryptos and more being created every day and rising, it’s only natural to wonder which are the top traded cryptos in 2022.
Ready to get started on your journey to profitable trading? Here are the top ten coins to trade in 2022.
1. Ethereum
Ethereum is the de facto choice of the top cryptocurrencies to trade in 2022.
Most cryptocurrency projects out there are built on top of the Ethereum blockchain. In fact, this seems to be the case with virtually most of the meme coins and metaverse projects that we came across today. In addition, Ethereum introduced innovations to blockchain security and usage, with its smart contracts becoming a platform for other applications.
Ether has proved to be a good investment. It has the potential to outpace any other investment. ETH has experienced a tremendous hike in its price. From 2016 to early 2022, its price went from about $10 to over $3,550, increasing more than 32,000%.
Analysts estimate that Ethereum (ETH) has plenty of room for growth ahead, and trading Ethereum is a good decision for the short and the long-term. These factors make ETH one of the top cryptos to trade in 2022.
Virtual currencies are highly volatile. Your capital is at risk.
2. ApeCoin
Another top crypto to trade in 2022 is ApeCoin. The gaming coin was launched in 2022 by the team behind Bored Ape Yacht Club. The latter is a platform made up of 10,000 one-of-a-kinds collectible Bored Ape non-fungible tokens (NFTs).
ApeCoin offers some of the investment options for 2022, all of which are based on the Ethereum blockchain.
ApeCoin is an ERC-20 cryptocurrency with governance and utility features. This top cryptocurrency’s price was at around $6.40 when it was first launched in early 2022. Within hours, APE prices were trading for approximately $42 per token.
ApeCoin was developed as a Metaverse crypto project. The crypto can be used for making online purchases via Shopping.io. This allows users to access products from eBay, HomeDepot, Amazon, Walmart, and more.
Virtual currencies are highly volatile. Your capital is at risk.
3. Kusama
Diversify your portfolio by adding KSM, one of the top cryptocurrencies to trade in 2022.
Kusama may not draw as much attention as the most popular crypto, but it is definitely a digital currency to trade in 2022.
That’s because it is easily one of the most fundamentally strong projects in the market today. Considering that fundamentals are now important for most crypto investors, KSM is crypto worth keeping an eye on.
Kusama is designed to be a platform blockchain for developers to build on a secure and highly scalable blockchain. The project was launched by Gavin Wood, the founder of Polkadot and one of the founders of Ethereum.
One of Kusama’s core strengths is that it is very affordable to developers. This has made Kusama very attractive to startups.
Developers building on Kusama also benefits from some of the latest features in the Dapps space that may not be available on Polkadot, Ethereum, or any other blockchains. That’s because, at its core, Kusama is made for experimentation.
In terms of security, Kusama leverages the security infrastructure of Polkadot. Transactions are also completely confidential as details of transactions are not available on the public blockchain.
By virtue of how attractive this project is to Dapps developers, its usage is guaranteed to grow over time. This makes it a pretty good investment going into 2022 and beyond.
The project has already proven itself to be quite a worthwhile investment since it was launched. Kusama launched in 2019, and at the time, was trading at $1.7. At its peak in April this year, it was trading at close to $600.
While it has been in a corrective wave since then, pretty much like the rest of the market, Kusama is now regaining bullish momentum. Since hitting a low of $163 back in July, Kusama has made significant gains and is currently trading at $165.
That’s an indicator that if the market remains bullish going into 2022, Kusama could retest and surpass its all-time highs. Already analysts are giving it some impressive forecasts for 2022.
According to Coin Price Forecast, Kusama could hit $809 by the end of 2022. That’s an impressive 388% return from its current price.
With Bitcoin pretty much set to explode to $100,000 per coin by 2022, Kusama could easily hit and surpass these forecasts. It is without a doubt one of the best altcoins to trade in 2022.
Virtual currencies are highly volatile. Your capital is at risk.
4. Yearn.Finance (YFI)
Yearn.finance is one of the top cryptos to trade today as the protocol has been showing strong upward momentum.
In 2021, returns had been even more favorable for early backers of this decentralized project. For instance, those who invested in Yearn.finance at the start of 2021 would have paid around $22,000 per token. Just five months later, the same digital currency surpassed a price of $93,000. This translates into gains of over 320%, making YFI one of the top cryptos to trade in 2022.
It is important to note that although Yearn carries a huge price, tokens can be traded in fractions just like Bitcoin. This means that when using a newbie-friendly crypto platform, you only need to meet a minimum investment of $10.
One of the benefits of investing in Yearn is that it offers investors multiple ways to earn from crypto holdings. This maximizes one’s potential to make the most of their crypto holdings. Yearn investors can take advantage of any of them and grow the value of their assets. Since these multiple earnings streams are continually drawing in new investors, they guarantee long-term value growth for the Yearn. All these factors make YFI a top cryptocurrency to trade today.
Virtual currencies are highly volatile. Your capital is at risk.
5. Polkadot (DOT)
Polkadot is one of the top user-friendly cryptocurrencies that are easy to use.
Polkadot is a unique project that aims to decentralize the web by connecting blockchains and enabling interaction. This will eventually allow certain new applications like decentralized finance (DeFi) services. Polkadot effectively allows any blockchain to be attached to it, making it one of the very best cryptocurrencies to trade.
The DOT tokens are also used for governance to vote on any changes to the Polkadot network. Unlike other cryptocurrencies, Polkadot can be easily upgraded to fix bugs or even introduce new features without needing a hard fork or spinoff.
Since it was developed by a Switzerland-based Web3 Foundation, Polkadot is poised for future growth. In addition, the network is known for its unique and complex architecture. It is multi-chain and combines several blockchains. This unique structure allows Polkadot to process a large number of transactions simultaneously.
With such strong fundamentals and the crypto market overall bullish at the moment, there is a good chance that Polkadot will perform well in 2022. Analysts are pretty bullish on the prospects of DOT in 2022 too. According to Coin Price Forecast, Polkadot could hit $35.99 by 2022. That would be an 83% increase from its current price.
For all these reasons, DOT is among the top traded cryptocurrencies in 2022.
Virtual currencies are highly volatile. Your capital is at risk.
6. Cosmos
Another crypto worth buying and trading are Cosmos. Anyone who bought Cosmos when it launched last year has made good gains.
Cosmo has gained in popularity due to its strong fundamentals. One of its core strengths is interoperability. Through the use of Inter-Blockchain Communication technology, Dapps built on Cosmos can move and exchange data across blockchains. This freedom has made Cosmos very popular with developers who do not want to be locked to a single blockchain.
Cosmos also has a lot of powerful features coming up that will serve to excite the market even further. One of them is the Cosmos marketplace. This will be a highly advanced decentralized exchange that will instantly allow cross-chain asset swaps at low fees.
Cosmos blockchain is also set to benefit from the fact that there is actually a growing demand for the services it provides. The Cosmos blockchain is highly optimized for DeFi, one of the fastest-growing aspects of the crypto market. This means going into 2022, and beyond, the demand for ATOM will grow.
Cosmos’s strong fundamentals have seen it draw some very optimistic projections from analysts. According to the Coin Price Forecast, Cosmos could reach $41.63 by 2022.
Virtual currencies are highly volatile. Your capital is at risk.
7. Tezos
Tezos has been quite a profitable trade for anyone who got in when it launched in 2017. At the time, the project was trading at $1.9, and today, it is trading at $3.51.
In recent times, Tezos has benefited immensely from the explosion in the popularity of NFTs. Several top organizations and sports personalities have already launched NFTs on the Tezos blockchain.
So what exactly is Tezos? Tezos is one of the most advanced platform blockchains out there, perfect for everything from DeFi to NFTs.
One thing that makes Tezos stand out is its smart contract security, a very important consideration for DeFi applications. Tezos security stems from the fact that it’s designed for code correctness thanks to its use of OCami and Michelson programming languages. No smart contract can run on Tezos if the code is buggy.
The implications are huge in that it makes Tezos perfect for the deployment of highly sensitive applications in DeFi and other high-security industries. This is evident in the adoption of Tezos for corporate Dapps, and the trend will only continue going into 2022.
On top of that, Tezos is by design highly decentralized. This is thanks to its governance structure which guarantees that all stakeholders have a voice in the project. Anyone who holds Tezos can take part in evaluating and the approval of projects. This approach adds to the project’s credibility because no single entity can make decisions on behalf of everyone else.
It is also noteworthy that Tezos does not have the energy issues that have now become a source of concern for Proof-of-Work projects such as Bitcoin. That’s because it runs on a Proof-of-Stake consensus. This also has the advantage of drawing investors that want to earn a passive income from crypto.
That’s because when one stakes Tezos, they are not only taking part in governance but also get to earn rewards for it. With the market now trending up again after the dip that started in May to July, investors looking to take advantage of both staking rewards and value appreciation will find Tezos very attractive.
Due to this project’s strong fundamentals, analysts have very strong projections for it going into 2022. For instance, Coin Price Forecast believes that Tezos could trade at $5.08 by the end of 2022. That would be an increase of 46% from its current price.
Virtual currencies are highly volatile. Your capital is at risk.
8. Shiba Inu
It comes as no surprise that experts believe Shiba Inu is one of the top cryptocurrencies to trade in 2022.
Investors and community members that missed out on the Dogecoin craze are eager to look for the next big thing. SHIB appears to have positioned its market entrance well to capture this wave as the network has seen some impressive growth since its inception.
As one of the top meme coins, Shiba Inu has witnessed huge gains since launching in 2020. In fact, Shiba Inu has performed so well that it is one of the most popular cryptocurrencies and now top-20 crypto in terms of market cap.
Anyone who purchased just $200 worth of Shiba Inu coins in January 2021 was a multi-millionaire by today, as SHIB rallied by over 48,000,000%. While it started as just another meme coin, Shiba Inu is now working on a Metaverse platform, and its adoption in payments is growing.
With the future looking bright for SHIB, analysts are giving it some pretty ambitious projections for 2022. For instance, Coin Price Forecast expects Shiba Inu to trade at $0.00005185 by the end of 2022.
Virtual currencies are highly volatile. Your capital is at risk.
9. Fantom
For anyone who got into Fantom early, it was a brilliant decision. When the project launched in 2018, it was trading at $0.024. At its all-time highs a week ago, Factom was trading at $3.13. That’s an incredible return on investment in less than 5-years.
The best part is that going into the second half of 2022, the opportunity for Fantom’s growth is even bigger. That’s because, after its recent rally, a lot more users now know about it. This means it is now poised to draw in more investors and developers.
Fantom’s prospects going forward are also being driven by the fact that its fundamentals are rock solid. The project is a smart contracts platform with some of the most advanced capabilities in the industry.
One of Fantom’s core strengths is its scalability. The project can handle thousands of transactions instantaneously. This makes it a top platform for high-capacity Dapps, such as gaming Dapps.
Fantom is also highly secure. That’s because its validator nodes are located worldwide, are trustless, and there is no central leader. This makes it one of the most secure PoS blockchains out there.
Fantom’s growth prospects are also anchored on its ease of use. It uses development tools that are familiar to most people. For instance, anyone who is familiar with Solidity programming language and developer tools such as Truffle, and Remix can easily build on Fantom.
Going by its recent performance and strong fundamentals, analysts have high projections for this project. For instance, Price Prediction expects Fantom to hit a maximum of $1.95 by the end of 2022.
Virtual currencies are highly volatile. Your capital is at risk.
10. Dogecoin
The final crypto to consider from our list of the 10 best cryptocurrencies to trade is Dogecoin.
There is a lot to love about trading Dogecoin. For starters, its fundamentals are getting better by the day. For instance, the developer team has returned since the 2020 rally and is actively working to improve Dogecoin.
The implications of this mission on Dogecoin will be astronomical. For starters, the hype that will build up just before the launch of this event will be huge. To get an idea of how big this can be, one needs to look at how high Dogecoin went in the last Bull Run.
Last year, Dogecoin went up by 12,000% purely on Elon Musk’s tweets. Most of those tweets were of no real consequence to Dogecoin fundamentally, but it still pumped. With something coming up that could open up new use cases for Dogecoin, the potential for even more astronomical gains is even higher.
The expectations for Dogecoin in 2022 are evident in the optimistic projections that analysts have for the meme coin. According to Coin Price Forecast, Dogecoin could trade at around $0.40 by the end of 2022. This makes it a good trade in the short to medium term.
Virtual currencies are highly volatile. Your capital is at risk.
What is the best cryptocurrency to Trade Today?
The key factors you should consider when choosing the best cryptocurrency to trade are liquidity, adoption levels, market capitalization, technical capabilities, and the community.
While cryptocurrencies have huge upside potential for the short term, you need to trade with caution. With this in mind, if you’re looking for the best crypto to trade in 2022 you might want to consider trading ApeCoin or Dogecoin.
However, as a new trader, you may want to stick to large cryptocurrencies that have an established presence in the crypto market.
The best place to trade cryptocurrencies today is through a crypto exchange. Make sure the platform is fully regulated, and offers low fees.