In 2021, the crypto market has had a wild rise. No other high-end investment asset class has attracted so much attention as cryptocurrencies, from increased institutional and retail adoption to China banning all crypto transactions. Major digital assets like Bitcoin, Ethereum, and Solana reached new highs throughout the year, pushing the total value of the crypto market to new heights! A majority of individuals who are considering diversifying their investment portfolios are considering cryptocurrencies. In the financial market, the top cryptocurrencies provide maximum gains. This article lists the top 10 best cryptos for 2022 that will have high growth potential in the future.
Bitcoin
This is also the reason for the enormous market transition in 2021, since Bitcoin was one of the earliest and most popular cryptocurrencies. In addition to its perks, BTC investment also has its downsides. Its advantage is that it is the first to move on the market, but it is also known for its volatility. Nevertheless, BTC was the most widely adopted in institutions and at the national level in 2021.
Ethereum
Ethereum is known as Bitcoin’s biggest rival. Its native token, ETH, is a primary investment option for several crypto traders due to its smart contract functionality. Ether is also capable of creating brand new cryptos with its ERC-20 network. Currently, investors are quite excited about ETH’s launch of the ETH 2.0 upgrade, which will solve several network issues faced by investors currently.
Avalanche
Avalanche is a rising star in the smart contract arena. Its native token AVAX can be used both as a part of the avalanche consensus mechanism and for paying network transaction fees. In August 2021, the crypto launched the Avalanche Rush Program to encourage more applications to move into the avalanche ecosystem, which was successful in creating crypto projects like Aave, and Curve.
Polkadot
Polkadot is a blockchain of the parachain variety. It has several connected blockchains with their own functions, but these networks work together. Polkadot’s rise is mainly due to its ability to allow users to communicate with Ether and other blockchains.
Solana
Solana has been a top performer among major cryptos in 2021. It is widely touted as a rival to Ethereum, but its recent success in achieving the position of the fifth-largest crypto in the market has made experts believe that it has more growth potential in the future. SOL was created to support decentralized finance use cases, decentralized apps, and smart contracts.
Terra
Terra was founded in 2018 and launched its crypto coin LUNA in 2019. Since its inception, Terra has overtaken many traditional cryptocurrencies. Terra’s value rose by 25-30% within a single week, proving that its present trajectory is more promising than its past.
Dogecoin
The Dogecoin cryptocurrency was created in 2013 by two software engineers as a meme coin. It has since become one of the most popular meme coins in the world. It was derived from the open-source software project Litecoin. DOGE gained prominence after Elon Musk’s tweet about the crypto earlier this year.
Cardano
Cardano’s biggest attribute is the way it is being built. It has laid out a roadmap of five stages as its primary goal. Cardano has been consistently one of the top 10 cryptocurrencies in the market.
Decentraland
Decentraland is one of the most interesting cryptocurrencies on the market today. The players in this 3D virtual world rely on crypto-based assets for buying and selling land and objects. Its token MANA was released in 2017 and has recently gained huge prominence.
Ripple
Ripple (XRP) is one of the shiniest tokens sitting at the top of the altcoin pyramid and has shown an increase of 377% all around the year. Even though it is one of the fewer tokens that has seen massive growth rates, investors have high hopes for this crypto’s future.