Top 5 Best Cryptocurrencies to Invest In 2022

Cryptocurrencies tend to fluctuate a lot over time and the different tokens for example Ethereum (ETH) and Bitcoin (BTC) did hit the sky bef...

Cryptocurrencies tend to fluctuate a lot over time and the different tokens for example Ethereum (ETH) and Bitcoin (BTC) did hit the sky before entering the market. There also are multiple catalysts that supported their downturn. Digital assets are actually one of the most dangerous areas for deploying capital, as it’s quite risky. On the other hand, it also promises growth opportunities once you enter the year 2022.

If you are looking for some great cryptocurrencies to invest your money in, then you are in the right place. This article will give you the information on cryptocurrencies that you can and should buy in 2022 and digital asset custody solutions can also help you decide which crypto suits you the best considering your long-term growth and success plans. 

Top 5 Best Cryptocurrencies to Invest In 2022

1. Bitcoin (BTC)

All of us must have heard about Bitcoin now. It is sort of an obligation that every investor holds in the market of cryptocurrency. Bitcoin accounts for 40 percent of the entire market capitalization. This is a metric that we call “dominance” of the given coin.

The past few months have been quite eventful considering the digital assets that went up at about $69,000 and entered the market territory after the omicron variant was heard. El Salvador is the world’s first country whose national currency is bitcoin. The country bought the latest dip in BTC alongside its president. The news spread and the country obtained 150 coins having an average cost of 48,670%.

2. Ethereum (ETH)

Ethereum also remains one of the greatest cryptocurrencies that you can easily invest in. In today’s digital world, the dominance of Ethereum has sparked above 21%. ETH and BTC account for over 60% of the entire market and Ethereum gained more dominance during the highly volatile days. It differs from bitcoin as the market share of bitcoin fell drastically.

3. Solana (SOL)

We can all agree on one fact 2021 has been a very happening year for all of us. For the cryptocurrency market, it’s been a rollercoaster ride as well. Amidst the pandemic, the most spectacular news we got to hear was the unexpected emergence of another cryptocurrency - Solana. It accounted for only 0.01% of the total market then and now, it accounts for 2.6% of the total market by maybe December.

4. Binance Coin (BNB)

The token that has the third-largest position in the market is Binance Coin, BNB. It accounts for 4.1% of the entire cryptocurrency market. This means that it still has a lot of room to make its place in the market share with time. 

This is something that Binance Coin did in 2021, it was 0.7% dominant in the market at the start of the year and now, it has gained dominance of 4.1%. When you are looking for the primary cryptocurrencies to buy and trade.

5. Polygon (MATIC)

Coinbase and Binance funded the Polygon platform that was established on Ethereum. The purpose of its establishment was that it would morph Ethereum into a multi-chain system. They want to make a more scalable and versatile crypto ecosystem. A system that allows quick and standard adoption of crypto.

What Are the Upcoming Big Cryptocurrencies?

Apart from these cryptocurrencies, there are many others that you can invest in but these are the top 5 ones that you must consider and do your research on. To identify the upcoming big cryptocurrency so you know your money is in safe hands, there are a lot of parameters that you have to keep in mind. 

Sometimes, you have to predict the future to plan your next move. Some people hold cryptos for a longer time and sell them, some don’t sell them at all and wait for the prices to go even higher, and some strategize properly to see when they should buy a new cryptocurrency and trade what they have for a better return. 

Most of the investors here want to make a profit and some teach others to do the same. This is because many countries are adapting themselves to the technology and have not banned the trading of cryptocurrencies.