Hey, Guys, Welcome to Meta Earn. Today I am here with a brand new article on Cryptocurrency explaining Best Cryptocurrency To Invest In for 2022; I hope you like it. We are at the beginning of 2022, and most of the people have recently entered the crypto market, and some are planning to enter the crypto market in 2022. All those who have already entered or are planning to enter are interested to know about the most profitable crypto coins in 2022.
Confused about which Cryptocurrency to invest in for 2022 for getting a high return. Throwing money into random coins and then hoping Elon Musk tweets about them is a complete waste of time and money, so do your research and make your own decision. Tweets work sometimes but are not guaranteed to work every time. For investing in the best Cryptocurrency, you must need the best cryptocurrency app or exchange app according to your location and requirements. So for selecting the best crypto exchange app, you can visit “25 Best Cryptocurrency Trading Apps for 2022.”
We know that Cryptocurrency and the crypto market are the hottest topics. In 2021 crypto market will grow rapidly though there has been a minor drop in the last few months. Some countries accept bitcoin as legal tender. Because of some influencing people’s (Jack Dorsey and Elon Musk) opinions, some currencies will skyrocket in 2021. Some major memorable events or highlights on crypto markets are the IPO of Coinbase, quick adaptation of the smart contract, a breakout of NFTs, and more. Now it’s time to summarize the previous year’s achievements and think forward to 2022. If you make the right decision on selecting crypto, trading, and investing in NFT, then 2022 will prove an excellent year for you. Now without making any delay, let’s get right into the top 17 best currencies to invest in for 2022.
Table of Contents
Best Cryptocurrency To Invest In For 2022
Alright, guys, I am writing this piece of content at the end of December 2021, and all the data and predictions are of my best knowledge. I am sharing those coins that can give good returns, and no doubt, I am also investing in these coins. This article is just for the information on which Cryptocurrency is best to invest in for 2022. All the research and analysis is done regarding my previous experience and suggests you do your research before investing.
I know many of you want to invest in Cryptocurrency and earn good returns, but before you invest, remember that all the stock and trading market predictions are not 100% accurate. Whether an experienced investor or newbie suggests, investing is always some risk. At the starting of 2022, I am sure that there will be a flood of articles related to the next prominent Cryptocurrency, the best crypto to invest in, and so on. At that time, the decision is yours; listen to all but think twice and make your design, do not follow any blogger or YouTuber blindly because you will invest the money you earn with hard work. I believe there are too many suggestions that may bore you, so let’s move to the list of 17 Best Cryptocurrency investment strategies For 2022.
1. Bitcoin (BTC)
Bitcoin was launched in 2009 by an anonymous person or group of individuals aliased Satoshi Nakamoto. BTC is the first peer-to-peer electronic payment system that works with blockchain technology. Bitcoin is the first operating Cryptocurrency that we know, and without its existence, we cannot imagine today’s crypto world. There has been a continuous rise in bitcoin price since the early starting, sometimes the market is going down beyond our expectation, but every time it recovers back. Bitcoin had almost no value initially, but 1 BTC is worth $48645 (At the time of writing). So to analyze the previous trends, it is profitable to invest in bitcoin though there is a heavy downfall in late 2021. Bitcoin is a market-leading cryptocurrency and best for long-term investment.
Bitcoin is the historic coin in the cryptocurrency market. And if you want to learn more about the history of Cryptocurrency, check out “History Of Cryptocurrency From Starting to Now” on our main page Meta Earn. Now let’s talk about Bitcoin profitability, If you invested $1000 in bitcoin a year ago, you would have $2,160 today, which is 2.16 times. As I already suggested, bitcoin, for the long term, is dependent on this research. You need to look for other alternatives for short-term investment because Bitcoin is highly volatile and swings randomly. Last year we saw a rise from $23000 to $64000 in April and again low to $30000 in May, and now late 2021, its value fluctuates between $40,000 to $69,000.
Such volatility of bitcoin is due to different reasons, like Elon musk’s announcement for accepting payment from bitcoin for their tesla products and later again announcing to stop accepting bitcoin as a payment method. In 2021, El Salvador made bitcoin legal tender and became the first country to make Bitcoin legal, followed by some countries. China’s recent ban on all crypto mining has also affected the bitcoin price and the whole crypto market.
Bitcoin overview
Symbol: BTC
Current price: $ 48645
Market Capitalization: $ 921.24B
Launched Date: 2009
2. Binance coin (BNB)
The next Cryptocurrency to explode in 2022 is Binance. Binance coin is the native coin of Binance platforms. BNB is one of the fastest-growing cryptocurrencies in the world. Binance coin BNB is launched in 2017, and now its price is $532 per BNB right now. As I already state that BNB is the native token of Binance platforms, we can see growth on BNB everything there is growth on Binance platforms. Binance rapidly promotes its token by using different promotion schemes on its platforms. Nowadays, BNB is widely used in smart contract management. From 2017 to now BNB growth rate is more than 5000% and still growing. Among thousands of cryptocurrencies, BNB is the one that grows fast within a short period and becomes the 3rd largest Cryptocurrency in the world according to market capitalization.
Recently I posted one dedicated article on Binance review; you can check out the detailed review of Binance crypto exchange from our previous article list. In a thorough review, you will find all information about Binance, like Binance, how Binance works, Binance features, pros and cons.
Binance Coin overview
Symbol: BNB
Current price: $ 532
Market Capitalization: $ 88.67B
Launched Date: 2017
3. Cardano (ADA)
The next crypto to buy for 2022 is Cardano. Cardano is an alternative to the proof-of-work (PoW) blockchain platform by implementing Proof-of-Stake(PoS). Ethereum blockchain’s co-founder Charles Hoskinson works on overcoming the demerits of Proof-of-Work (PoW); as the best solution to the problem, he tried to develop Cardano in 2015 and finally launched the Cardano platform with token ADA in 2017. Because of nature and working, Cardano is taken as an alternative to Ethereum. Both Ethereum and Cardano are used for smart contracts management; we can say that Cardano is an upgraded version of Ethereum also.
Though it upgraded the Ethereum blockchain version, its price is still meager, and we can consider ADA as a penny crypto with enormous potential. The current price of Cardano is $1.44, which is far less than its alternative Ethereum. If you invested $1000 in Cardano a year ago, you would have $8,250. Today, Cardano aims to be faster, cheaper, and more decentralized Ethereum and bitcoin. It uses peer-reviewed research to build its protocol. Cardano’s main difference to Ethereum currently is that it’s proof of stake, meaning it uses a different method to verify transactions, making them cheaper and faster. Proof of stake allows anyone to verify transactions about how many coins they hold rather than using GPUs to solve mathematical problems.
Over the past year, Cardano’s long-term price action has seen a massive increase from 16 cents to a high of over $3 earlier this year. Cardano’s short-term price action has been bearish, dropping almost 50 percent from two points forty to a low of one point thirty today. Over the past three months, the most significant event for Cardano in the past year was the introduction of its Alonzo upgrade, which allows basic smart contracts to be created on the network. With the adoption of the Cardano blockchain and some African countries such as Ethiopia and the launch of ADA on most trading platforms such as Coinbase, Cardano is expected to be able to support more complex smart contracts next year compared to other blockchains, which will allow much more DeFi protocols to be able to operate on the network.
Further deals with countries in Africa and South America are also anticipated. Like Ethereum, Cardano’s biggest threat is its delays of essential features, such as the ERC 20 token converter, originally scheduled to be released in September.
More delays could lead to investors switching to alternatives if confidence starts to fade to meet their deadline. Despite delays, I think the building blocks for complete smart contracts seem to be coming together with launches on the testnet, which are expected to launch on the main net early next year. Ada has been oversold in the past few months, so if these upgrades arrive, I hope the price of ADA will surge to around five to seven dollars as liquidity dries up and FOMO restart.
Cardano Overview
Symbol: ADA
Current price: $ 1.44
Market Capitalization: $ 48.12B
Launched Date: 2017
4. Tether (USDT)
The next best crypto that is good for investment in 2022 is Tether. Tether is a stable coin, and many of you wonder why I kept stable currency here on the list of Best Cryptocurrency To Invest In For 2022. Don’t worry; I will explain my point of view. Unline volatile Crypto like BTC, ETH, price of stable coin is not fluctuating and always same or nearly exact to the currency on which it pegged. If you are new to the crypto market and don’t have more ideas about investing, you can buy Tether, and it is 100% sure that your investment is safe. Investing in a stable coin is similar to investing in forex trading. When the Tether pegged currency (USD) price is raised, the Tether price is automatically increased.
And most crypto traders buy stable coins if they think the market is going down, and they are purchase Stablecoins at the time of market down safe your crypto net worth because the stable coin is almost no volatile like BTC. And after some period, traders can rebuy their required crypto and earn profit. So, in conclusion, you can invest in stable coins like Tether if you are new to crypto trading and do not want to take risks, and you can use Stablecoins like Tether while exiting from the market at downs for safe play.
Also read: ExpressCrypto Review: Free Crypto Earning and Micro Wallet
Tether Overview
Symbol: USDT
Current price: $ 1
Market Capitalization: $ 77.68 B
Launched Date: 2014
5. Litecoin (LTC)
The next crypto to invest in for 2022 is Litcoin. Litecoin is the oldest altcoin that exists and presents a trade-in market. Former Google engineer Charlie Lee is the founder of Litecoin; he used bitcoin’s open-source code, increased the block generation rate, and launched Litecoin in 2011. Litecoin was established with the name lite version of bitcoin, and due to the use of bitcoin opensource code, Litecoin has various similar features that bitcoin possess. Initially, all people thought Litcoin was the strongest competitor of bitcoin, but Litcoin is far behind on the top coins in the long run. One best features of Litecoin is that it can be mined from personal computers, unlike other currencies that need expensive GUP for mine. Right now, the price of Litecoin is $154, and it is the 18th largest Cryptocurrency by its market capitalization.
Also read: FaucetPay Review: Earn Free Crypto and Micro Wallet
Litecoin Overview
Symbol: LTC
Current price: $ 154
Market Capitalization: $ 10.70 B
Launched Date: 2011
6. Ripple (XRP)
The next high-potential crypto that gives your decent returns in 2022 is Ripple. Jed McCaleb and Chris Larsen started Ripple as an alternative to the SWIFT system in the crypto world. XRP transactions use less energy and complete less time than big coins like Bitcoin. It was first released in 2012 and a stable release in 2018. The main concept of the Ripple network is to work as a digital hawala; two parties connect with intermediaries that operate in XRP and get their required funds on their choice of currencies. In simple work, XRP is a digital token that acts as the bridge to different currencies, whether crypto or fiat currency. Market capitalization, fast transaction, 100% transparency, and high liquidity are Ripple’s best features that outstand Ripple in 7th position on the top crypto-list.
Also read: CoinPayu Review | Crypto Earning Site | Legit or Scam?
Ripple Overview
Symbol: XRP
Current price: $ 0.9131
Market Capitalization: $ 43.41 B
Launched Date: 2012
7. Dogecoin (DOGE)
The next best penny cryptocurrency to invest in 2022 is Dogecoin. Initially, Dogecoin was launched as a joke by software engineers Jackson Palmer and Billy Markus. Dogecoin is the world’s first meme coin introduced in late 2013, and dogecoin.com has a million-plus visitors within 30 days of its release. In the initial phase, dogecoin owners face huge losses due to a hack, but all the loss is covered within one month by collection donation by the name of “SaveDogemas.” So far from it starting, now Dogecoin will be one of the top cryptocurrencies in 2021. According to its market capitalization, Dogecoin is the 12th largest Cryptocurrency.
All we know is that Dogecoin has multiple hikes due to Elon Musk’s tweet about it. People make a decent profit by investing in Dogecoin in 2021, and it can give massive profit in 2022. Whenever there was a discussion of decentralized finance (DeFi), Elon Musk always preferred Dogecoin over another network.
DogeCoin overview
Symbol: DOGE
Current price: $ 0.1888
Market Capitalization: $ 25.05 B
Launched Date: 2013
8. Shiba Inu (SHIB)
The next best penny cryptocurrency to invest in 2022 is Shiba Inu. All we watch is the market trends, extensive hikes, and minor downs on Shiba Inu in 2021. And year 2022 is also profitable for Shiba Inu holders because Elon Musk frequently tweets about Shiba Inu and shifts their support from Dogecoin to Shiba Inu to hike the market of Shina token. In 2021 Shiba Inu grew over 50000000% and overtook the dogecoin growth rate. According to market capitalization, the SHIB token is just behind DOGE, Doge has 12th, and SHIB has 13th rank according to coinmarketcap.com. Rank 13th according to market capitalization for the youngest coin created in August 2020 is awe-inspiring growth. Shiba Inu is also known as Dogecoin killer and the preferable meme coin.
Also read: Free Shiba Limited Review- Earn Free Shiba Inu Coins in 2022
Shiba Inu Overview
Symbol: SHIB
Current price: $ 0.00003823
Market Capitalization: $ 20.99 B
Launched Date: 2020
9. Polkadot (DOT)
The next best crypto to invest in is Polkadot. The web3 Foundation founded Polkadot under the open-source project on a proof of stake algorithm. Web3 Foundation was founded by Robert Habermeier, Dr Gavin Wook, and Peter Czaban. Polkadot was founded in 2016, and its first token sale closed in October 2017. So far from its starting, Polkadot is top 10 cryptocurrencies right now according to its market capitalization. Right now, Polkadot has $31.32 B market capitalization and stands at 10th place, according to cimmarketcap.com.
If you invested $1000 in Polkadot a year ago, you would have $5,130 today. Polkadot is a layer one smart contract platform like Cardano or Ethereum, which seeks to be the internet of blockchain. It is comprised of two main parts. Individual chains known as parachains host projects and connect to their main chain—the relay chain. Polkadot has seen quite a volatile year compared to most large-cap altcoins. It has risen from $5 to a high of over $50 and currently trades around the mid-20s. The most significant event for Polkadot started recently with its parachain auctions. This allows competing projects to bid for a place in a parachain.
Winning projects will keep their slot for up to 90 six weeks. If a project does not have enough dot themselves, they can fundraise dot from holders to borrow theirs, and they can then state that in exchange, those dot holders receive tokens from the project and their drop back at the end of the rental period. I think most of Polkadot’s problems are in its past, which have led to a problematic year price-wise, as parachains launch towards the end of the year. And there was so much hype built up around which hurt Polkadot’s price relative to other smart contract platforms.
While the Dot ecosystem needs further upgrades, it won’t be under as much pressure as Cardano and Ethereum to deliver them in 2022. The biggest threat for Polkadot will be the overall market crashing before it has its chance to shine. I think 2022 will be a much better year for Polkadot. Now that parachain auctions are underway, it is some of the best technology currently in crypto, and I think this will attract a lot more investment in 2022. I think Polkadot could reach one hundred and fifty to two hundred dollars at its high next year.
Polkadot Overview
Symbol: DOT
Current price: $ 31.71
Market Capitalization: $ 31.32 B
Polkadot transactions per second: 1000
Launched Date: 2016
10. Solana (SOL)
The next rapidly growing Cryptocurrency that gives you a high return is Solana. Solana is one emerging Blockchain platform that hosts scalable and decentralized applications. It is known for the fastest transactions per second with low transaction fees. Many people also named Solana an Ethereum Killer. And most of us already know the potential of Solana by observing the previous growth in 2021. In 2021 SOL price increases more than 12,000% and has the potential to give good returns to its investors in 2022 also. As per our research, SOL is one of the youngest crypto coins with the highest potential to grow. Solana is not only a coin; it is an ecosystem of blockchain that developed to overcome the demerits of the Ethereum blockchain.
Both Solana and Ethereum have Smart contacts, essential features to run Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs). Many people prefer Solana over Ethereum because of its transaction speeds of 50,000 transactions per second, and the average transaction cost is $0.00025. Ethereum can proceed with 15 transactions per second with a high transaction fee, and Ethereum transaction fees touched $70, which is the all-time high record in 2021. SOL is the 5th largest Cryptocurrency with a market capitalization of $61.59 B.
If you invested $1000 in SOL a year ago, you would have $109,240 today. Solana says it’s the fastest blockchain and crypto now, and its transactions cost less than one cent. This has caused a rapid growth of projects in its network in 2021, with over four hundred on its layer one protocol as of right now. Solana has achieved immense speed using its proof of history consensus mechanism instead of proof of work or proof of stake used by competitors currently. Proof of history, time stamps transactions, and uses less energy, making it the cheapest and fastest available solution. Overall, it’s a highly complex system that sacrifices some decentralization for lower costs and increased speed.
Solana’s longer-term price action over the last year has been nothing short of astronomical, soaring over one 100X over the past three months; Solana has ended up almost exactly where it started, with a big run-up to the mid 200s in between. The biggest narrative for Solana in 2021 has been the ETH killer narrative that calls SOL’s price to surge from $40 in August to a high of over $250 just three months later. Recently, former first lady Melania Trump released her charity NFT collection on Solana due to the low fees. This trend has been happening more over the past few months as more celebrities and influencers decide to launch on Solana due to almost no gas fees compared to Ethereum. Solana is one of the only altcoins that have experienced significant run-ups in 2021.
Heavily based on fundamentals and looks likely to continue that trend into 2022. The biggest threat to SOL moving forward is undoubted that it is viewed by many as the most centralized layer one due to its heavy reliance on the Solana Foundation. I think Solana can reach a high of $1000 in 2022 at the peak of the bull run as it moves out of its current accumulation period.
Solana overview
Symbol: SOL
Current price: $ 199.37
Market Capitalization: $ 61.59 B
Launched Date: 2020
11. Ethereum (ETH)
The next coin on our list is Ethereum that gives decent ROI since it’s starting. I illustrate the Solana features in previous topics and prefer Solana over Ethereum, but it doesn’t mean Ethereum is bad for investment. Ethereum also returns high profits to its holders, but it is expensive and has a high transaction fee.
Many new investors can build their crypto portfolio by investing in other penny stocks with the amount they need to pay as gas fees. So Many investors skip Ethereum, but we know that Ethereum is the second-largest and popular crypto after Bitcoin and has enormous potential. I am not encouraged to invest in Ethereum but think calmly and make your decision. Ethereum is not a good choice for new and small investors, but for experience one, Ethereum is one of the best coins to invest in for 2022.
If you invested $1000 in Ethereum a year ago, you would have $6,300 today for a return of 6.3X. Ethereum is valuable because it allows a wide range of complex financial and non-financial transactions, such as lending and borrowing. It does this through smart contracts, which automatically carry out predetermined actions once preset conditions have been met.
If you were buying a house, a smart contract would put the deed in your name when the seller has received your funds. This removes the need for a costly middleman, such as a bank, to facilitate the transaction. In the past year, ETH has increased from $643 to over $4000 today, except for a large sell-off in May ETH has been one of the most consistent altcoins this year and is up around 17 percent in the past three months.
The most significant events for ETH in 2021 have been its Berlin and London hard forks, which stabilize fees and improve network performance, and also will potentially allow it to be deflationary eventually, as well as explosive growth in users due to increase in popularity around DeFi and NFTs. Despite achieving a lot this year, ETH has delayed some upgrades for ETH 2.0 and the rise in difficulty. Continued delays could risk Ethereum being outpaced by faster, cheaper rivals…
Ethereum Overview
Symbol: ETH
Current price: $ 4068.22
Market Capitalization: $ 483.74 B
Launched Date: 2015
12. USD Coin (USDC)
The next safest Cryptocurrency to invest in for 2022 is USD Coin. USD Coin is a stable coin, and many of you wonder why I kept stable coin here on the list of Best Cryptocurrency To Invest In For 2022. Don’t worry; I will explain my point of view. Unline volatile Crypto like BTC, ETH; price of stable coin is not fluctuating and always same or nearly exact to the currency on which it pegged. If you are new to the crypto market and don’t have more idea about investing, you can buy USD Coin, and it is 100% sure that your investment is safe. Investing in a stable coin is similar to investing in forex trading. When the Tether pegged currency (USD) price is raised, the USD Coin price automatically increases.
And most crypto traders buy stable coins if they think the market is going down, and they are purchase Stablecoins at the time of market down safe your crypto net worth because the stable coin is almost no volatile like BTC. And after some period, traders can rebuy their required crypto and earn profit. So, in conclusion, you can invest in stable coins like USD Coin if you are new to crypto trading and do not want to take risks, and you can use Stablecoins like USD Coin while exiting from the market at downs for safe play.
Also read: Top Crypto Paying PTC Sites Without Initial Investment
USD Coin Overview
Symbol: USDC
Current price: $ 1
Market Capitalization: $ 42.20 B
Launched Date: 2018
13. Avalanche (AVAX)
The next prominent Cryptocurrency that can give huge returns is Avalanche. If you invested $1000 in Avalon two years ago, you would have $ 32,940 today. Avalanche has exploded in popularity over the last few months. People look to faster and cheaper alternatives to Ethereum’s rising gas fees that keep most retail investors out of the market. Avalanche achieves this because it’s a proof of stake blockchain compatible with the Ethereum virtual machine, which the software devs use to program DApps on Ethereum.
Avalanche can process four thousand five hundred transactions per second, compared to just 15 for Ethereum. AVAX is one of the few-layer ones that has experienced substantial gains over the past couple of months, despite overall market weakness. It is still showing muscular price strength recently. Major funding rounds of $2030 million from Polychain and Three Arrows Capital in September caused a lot of people to pay attention.
The announcement that Avalanche was launching its own $220 million funds to support projects on its network also fueled its recent rise. There are rumours that Grayscale may make a significant investment into Avalanche in 2022, as institutional interest in the platform continues to grow. If this happens, you can be sure that access price will benefit as many grayscale investments have in the past. After such announcements, the biggest threat for Avalanche in 2022 will happen after ETH 2.0 upgrades have been introduced. Will this remove the need for solutions like Avalanche? The main selling point is that it’s faster and cheaper than Ethereum? Or will the avalanche network be sufficiently mature and have its value proposition? While I expect the ETH 2.0 upgrades will somewhat decrease interest and Avalanche.
Eth 2.0 will not solve all of its scaling problems and alternative blockchains, and layer two scaling solutions will still be necessary. I also think that the growth of Avalanche is an ecosystem that is expected to happen in 2022, thanks to the hundreds of millions of funding available, will create more demand for the AVAX token and balance out decreased demand due to decreases in ETH gas fees. I think that AVAX can reach $350 to $400 at its high in 2022.
Avalanche Overview
Symbol: AVAX
Current price: $ 114.07
Market Capitalization: $ 27.59 B
Launched Date: 2020
14. Terra (LUNA)
The next coin on my list is Terra, better known by its ticker Luna. If you invested $1000 in Luna a year ago, you would have $133,900 today, which is the highest return on this list. Terra is a collection of stable coins such as USD, pegged to the dollar. What makes Terra unique is that its stable coins are decentralized and backed by the Luna token; rather than dollars or Treasury bills like centralized, stable coins such as Tether or USDC.
The Terra ecosystem is powered by the Luna token; used for staking governance and collateral of stable coins when more stable coins are printed. Luna is burned, which decreases the supply. This would be like the U.S. government burning gold or something of perceived value every time dollars are published, which seems almost laughable given the current situation. Luna has seen remarkable gains over the last year and is one of the top-performing coins in all crypto. The continued burning of Luna as more market participants enter crypto and increase demand for USD ensures the supply of Luna continues to dwindle.
As more Luna is burned, the price rises, which increases speculative demand for Luna, driving the price even higher. The most significant catalyst for Luna over the past year is that we’re in a bull run, and this has led to demand for stable coins for use as exit liquidity and park gains. Combined with increased skepticism over-centralized, stable coins such as Tether, this has led to a surge in demand for Luna, the giant turtle.
Luna is a significant decrease in demand for stable coins likely to happen at the very tail end of the bull run. This, combined with a loss of demand for crypto in general, could cause Luna to fall faster than other altcoins. I think the Luna has a perfect shot of being in the top five by the end of 2022, and I wouldn’t be surprised if it’s one of the top gainers on the list. I think the Luna can reach $400 to $500 at its peak in 2022.
Terra overview
Symbol: LUNA
Current price: $ 85.26
Market Capitalization: $ 30.96 B
Launched Date: 2020
15. Enjin Coin (ENJ)
Next Best Cryptocurrency To Invest In for 2022 is Enjin. If you invested $1000 in Enjin a year ago, you would have $16,800 today. Enjin is one of the faces of crypto gaming in the Metaverse and aims to make it as easy as possible for companies, individuals and brands to mint and manage their own NFTs and games and other use cases they may have as well, Enjin is an Ethereum project that uses its native token to back the value of NFTs generated in its ecosystem.
The Enjin software kit is one of the most advanced and allows game devs to include NFTs in their games easily. Enjin is like Windows for crypto gaming. Sure, you could go alone and figure out everything yourself and write your software. But most companies will instead save a lot of time and money and use the Enjin SDK instead. Enjin has risen from lows of 13% a year ago to highs of over $4.5 during November. Its short-term price action has been bearish, dropping around 50% from all-time highs as crypto gaming consolidates after its parabolic runs through November.
The most significant event for Enjin in 2021 was the crypto gaming bull run of Q4, triggered by Facebook’s pivot to the Metaverse and renaming the company to Meta. This caused a wave of attention to flow into the space, causing thousands of investors to jump into Enjin. Enjin has also secured many valuable partnerships and released new updates as well. Enjin is one of the top cryptos in one of the fastest-growing sectors in all of crypto, which is crypto gaming. That is going to be the biggest catalyst that it has in 2022. Like how does NFT sometimes surge when the rest of the market is dipping? I think that Enjin and crypto gaming will finally start to go even more mainstream next year, and that is going to lead to an increase in demand for it.
Even if the market is somewhat bearish at times, a long-term Enjin doesn’t have many future threats. Crypto gaming in the Metaverse is here to stay, and it’s only going to grow more robust; and Enjin is the leader in its field, making it one of the safest bets in crypto, in my opinion. Well, it’s certainly important to plan your exits and entries into Enjin accordingly. Overall, if you’re a long-term holder, I think Enjin is still a solid bet, with most of its gains left to be made.
Enjin Coin Overview
Symbol: ENJ
Current price: $ 2.73
Market Capitalization: $ 2.31 B
Launched Date: 2018
16. The Sandbox (SAND)
The Next Best Cryptocurrency to invest in 2022 is the Sandbox. If you invested $1000 in sand a year ago, you would have $105,400 today. The Sandbox is a 3D open-world metaverse where players can create the world using NFTs. The land inside the Metaverse is bought and sold on NFT marketplaces such as OpenSea. Players can design their avatars to access different games and environments in the sandbox metaverse. The Sandbox is like a limited Minecraft server where people can own the land inside the game and trade it, flip it, build projects on it; or rent it out to companies for advertising. Sand has seen explosive price action over the past month, seeing the protocol 10X to over $8 through November.
At its peak, recent price action is seeing a sell-off back to $5. But this still leaves sand up over 500 percent in the last three months. The announcement by Mark Zuckerberg that Facebook would be shifting its focus to the Metaverse is undoubtedly the main reason that sand skyrocketed so fast. Sand also released its sandbox alpha, the first version of its Metaverse, which was a milestone for the project that had been building for many years.
Next year, there are expected to be more updates and perhaps even the release of the Sandbox Beta, which will allow people to play the game openly for the first time. One of the biggest threats to sand is that regulators will judge that it’s a security and not a currency. This is a danger for most altcoins until they get cleared by the SEC. Right now, bitcoin and Ethereum are the only ones that have been, but for a game that’s tokens are used to buy and sell land. This may be a bigger issue. Time will tell. It also faces more competition from competing metal verses such as Decentraland and smaller ones cropping up right now.
While I think that the crypto gaming market has overheated recently and may have some more consolidation in the short term as early investors take profits. Overall, crypto gaming in the Metaverse appears to be going mainstream already, and I think the sand can reach $25 to $30 in 2022.
The Sandbox Overview
Symbol: SAND
Current price: $ 5.93
Market Capitalization: $ 5.40 B
Launched Date: 2021
17. Polygon (Matic)
The next big Cryptocurrency on my list is Polygon, and if you invested $1000 in Matic a year ago, you would have $114,700 today. Polygon is arguably the most used scaling solution for Ethereum. Its trading volume exceeded ETH back in June as investors looked for low-cost solutions to ETH monumental gas fees.
Polygon is a layer two scaling solution for Ethereum. This means that transactions are handled off the main layer one chain of Ethereum. This is like building more roads to stop the traffic on the main road. It has drawbacks, but if you don’t mind going a little out of your way, then it can save you a lot of time, money, and frustration. In the last year, Polygon has seen astronomical gains of over 100X from under $0.02 to $2. I was saying for months, the Matic would have a queue for the bull run as ETH gas fees increased; and Polygon is nearly back to its all-time high and continues to perform solid despite market conditions.
Polygon has performed exceptionally during periods where ETH has been powerful in 2021, both in May and in Q4, when ETH has gone on solid runs. Polygon has outperformed it; however, Polygon has also dipped a lot more during market downturns.
I think the biggest event for Polygon will be tracking its price again in 2022, so I expect it will be very, very bullish as we head towards those ETH 2.0 upgrades later in the year. And I think that’s when Polygon will go nuclear. Eth 2.0 or two of the biggest threats to Matic long term if it becomes cheap to complete transactions in layer one of ETH rather than on layer two of Polygon; then there’s an argument that Matic may be obsolete. However, ETH 2.0 is unlikely to reduce the cost of transactions low enough, and that’s why Polygon founder believes there will be a place for Polygon in the world of ETH 2.0.
I expect 2022 will be a very bullish year for Polygon because I think we’ll also be very bullish for Ethereum with ETH 2.0 upgrades coming. I think the trend of Matic outperforming ETH will continue, and of ETH 2X to 3X in 2022, then Matic will 4X to 6X. So I think $8 to $12 Matic value is possible in 2022.
Polygon Overview
Symbol: Matic
Current price: $ 2.53
Market Capitalization: $ 17.95 B
Launched Date: 2019
Conclusion
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