So you have been following the cryptocurrency market since December 2017, and now it’s November 2021. You have been trying different cryptos to diversify your holdings since January 2021. Now you want a final pick for a long-term investment. Now is a good time to buy top crypto for 2022, which has strong fundamentals for growth in value throughout the next year. You want to buy not too late but early enough so that the tides of time are in your favor.
My 5 Top Crypto for 2022
Which cryptocurrency should you go for? A lot has changed since December 2017. There will be no repeat of the past, so something new is needed here. The following top 5 cryptos show great potential with strong fundamentals coupled with a strong focus on their roadmaps and continued progress. These cryptocurrencies seem like the future and continue to get better day by day.
1) Cardano (ADA)
Cardano (ADA) is a top 10 market cap cryptocurrency. It has been around for over 3 years and has proven to be one of the most resilient coins in history. If we look at all the significant drops experienced by the cryptocurrency market during 2018, we see ADA is different. It is among those cryptocurrencies that survived and made it out alive. I like this third-generation blockchain not because of its tech but because of what it could become if everything goes according to plan.
For Cardano to have any value, they need to have a working product that can compete with Ethereum or NEO, which means having smart contracts just like them. To run Dapps, you need an efficient way to perform transactions, so Cardano needs to have this in place.
Building the blockchain
The first step towards making this coin is to build their own blockchain by getting rid of the Ethereum Virtual Machine (EVM) that they currently use because it’s inefficient and costly to run. Having made this decision makes Cardano one of the only crypto-coins with its own technology since most others simply copy what Bitcoin did, so ADA is in a class of its own.
Once they have their own blockchain in place, they will be able to process thousands if not millions of transactions per second which means they can compete with EOS when it comes to hosting Dapps. This would also allow them to challenge NEO for market dominance in China (since NEO is Chinese). Most cryptos are valued based on their use case and future goals, but Cardano is different. They could be worth dozens of dollars in a short time span because of what they have been through. Developers from Ethereum left the project due to disagreements with their founder’s vision which dropped the price below $1 for over a year. I believe it has reached its bottom in this bear market as now ADA is trading at ~$0.083, making it an attractive buy and a top crypto for 2022.
2) Axie Infinity (AXS)
Axie Infinity (AXS) is a digital pet game and one of the most underrated projects in this market. Digital pets have been around for years. We’ve seen many different platforms such as Tamagotchi, Neopets, or even Pokemon Go. Axie Infinity has combined all these into one platform that gives you an entire world to explore while having fun with your pets.
I believe this project will become very valuable in 2022 because it’s about more than just playing with these virtual creatures. They are also battling! If you look at the video on their website, this is what attracts you right away because it reminds me of Pokemon in real life, which was my favorite childhood game.
Moreover, Axie Infinity is the only digital pet platform that has a stable and profitable business model. Most of these games make their money through in-app purchases. Some even go as far as to sell items outside of the game, which is why we see many kids spending thousands on Pokemon Go, for example.
Axie Infinity profits from selling rare digital pets using cryptocurrency (called “Axis”) via smart contracts. The ones sold inside the game are actually cheaper than what they’re worth (and can be automated with no human intervention). If you want to get an Axie rather than buy it from someone else, you need to purchase this digital currency known as AXS tokens. Imagine if most people buy these tokens to purchase a rare pet and then just hold it – this would drive the price up, and the currency will become more valuable than what it costs to create.
You can now see why I think Axie Infinity has massive potential as it’s one of those digital pet systems that are actually profitable. This also means its value should skyrocket once they start selling these items outside of their game (in early-2019), which might make Axis as expensive as NeoGas (NEO). Some pets are already worth over $1000, and we haven’t even started playing with them yet. Imagine how much people will pay for a legendary!
3) Binance Coin (BNB)
Binance Coin BNB is top crypto for 2022 and the next few years. The main factor behind this is they have a decent background and a solid business model to back up their cryptocurrency.
Binance Coin has been around since July 2017, so it’s not very new but still young enough to have a bright future ahead of it. It was built using the Ethereum network with the ERC20 standard as its token. You can store BNB in any wallet that accepts Ethereum tokens such as MyEtherWallet or Exodus. Even though Binance Coin can currently only be traded on one exchange, it shows great potential as many exchanges use BNB as the base coin for crypto -to- crypto transactions making Binance Coin a sought-after asset.
Many cryptocurrency enthusiasts will not like to read this, but Binance Coin has a lot of marketing behind it. In other words, they promote themselves better than other cryptocurrencies, and it helps them grow faster. Not only do they have a great team behind them, but they also have the financial means to keep up their growth momentum through the use of promotional activities and strategic partnerships.
Partnerships that make it top crypto for 2022
– Game.com: This partnership will be about integrating blockchain into their platform and adding more payment methods such as BNB so that gamers can purchase in-game items using cryptocurrencies, including BNB. This is important because GAME was trading at $0.0013 when Binance announced this partnership, so there was an upside even before the announcement. After the announcement, the price went up to $0.0047, indicating that there is still an upside in crypto-coins even when things are kept secret.
– TRON: This partnership was made for Binance Coin to be added as one of their payment methods so that holders can continue to use BNB in their network. It also helps bring more traffic and volume for both coins. TRX was trading at $0.023 when this partnership was finalized, so it had good momentum before the actual partnership took place.
The main point here is that even though cryptocurrencies have no ties or affections towards each other, they see value in partnering up due to mutual benefits like increased exchange volume and increased marketing power. This is not just about Binance Coin but every cryptocurrency that partners up with another.
This leads us to the best thing about Binance Coin. It’s a utility token for their own exchange. Since they are the leading crypto-to-crypto exchange, there is no better place to buy and sell cryptos than on this platform which means more volume for BNB. Even though some exchanges promote their own coin as an incentive ( Kucoin Shares (KCS), Bibox Token (BIX) ), Binance Coin has great value based on both its business model and actual performance.
Binance recently held its first Initial Exchange Offering (IEO). This may seem like a strange idea. Still, it made them one of the most profitable exchanges in history, making over USD 2 billion in 2018 alone. This is not an exchange I would recommend to beginners, but if you know how trading works, it can be a good source of income for anyone willing to learn.
Binance Coin has great fundamentals. With Binance being one of the biggest exchanges globally, their token has value, and we see this every time we look at the volume, which is why Binance Coin should be your top pick for next year.
4) Polkadot (DOT)
Another top crypto for 2022. Polkadot is a multi-chain project that can connect blockchains of any kind together to form what they call “the Web 3.0”. It’s a network of different networks similar to how the internet works, but with interoperable blockchain networks.
It also has its own currency known as DOT, for these transactions across chains, and I believe this coin will become very valuable once they release their mainnet. Not only does Polkadot solve a massive problem, but it also wants to build a whole stable economy around itself by enabling developers to create their own coins based on Polkadot. Such coins can then move from Ethereum into Polkadot since the multi-chain system enables them to communicate with each other.
There are a ton of blockchains out there, and Polkadot wants to connect them all, so I believe this project will play a huge role in the future of cryptocurrency as it solves many problems that need new solutions. If you think ERC20 tokens have been successful, wait until you see how big Polkadot turns out to be!
5) Solana (SOL)
There’s no doubt that the cryptocurrency market is pumped with overvalued digital assets, and most of them will die off once the market corrects itself. However, some projects actually have value yet fly under the radar due to poor marketing. This makes some people think they’re not legit or just another blockchain copycat.
Solana is one of these projects that I believe has massive potential since they want to focus on scalability first rather than usability. That’s why it’s on my top crypto for 2022 list. Most blockchains can’t handle more than 10 transactions per second (and Ethereum struggles at 25 tps). However, Solana wants to achieve 710,000 tps – yes, you read it right! That number might seem unrealistic, but by using Proof-of-History as a consensus algorithm, they are actually able to process every transaction within a block, making it impossible for this network to suffer from congestion.
The more transactions you can fit into a block, the faster your system will run and the lower the fees. Solana is also different from most blockchain projects. They want to release their mainnet on schedule without a token sale beforehand. Just like projects such as EOS or Telegram ICO, Solana will get funding by VC companies that know they have a solid business model. They’re building three products – a scalable blockchain, an SDK that enables DApps to be built on top of their ecosystem, and finally, Messaging as a dApp (similar to Telegram).
With a market cap of 72 Billion USD (as of writing this article), I believe Solana has the potential to become one of the top 5 cryptocurrencies within this calendar year alone.
So there you have it – my personal list of top crypto for 2022. These coins have the most possibility to become dominant in 2022. Instead of going for meme coins like Doge and Shiba, these projects possess the most potential of going to the moon. Today, Crypto Market Capitalization is mostly made up of scams, pump & dump schemes (Shiba Inu), and under-performing projects that barely function (looking at you, Tron). But if you look closely, several projects have massive potential but just haven’t received the attention they deserve. These are some of them and I believe will become extremely profitable once the market starts to correct itself. Invest responsibly!
Note: I’m not a financial advisor, nor am I giving professional advice, so please invest at your own discretion. If you have any questions, feel free to leave a comment down below.