What is the best cryptocurrency to invest in 2022? The focus this year will be on alternatives, those that have no link to Bitcoin.
In recent months, the crypto infrastructure has developed enough for people to independently invest in coins and blockchains for specific purposes without the need for Bitcoin as an intermediary.
This is one of the reasons why Bitcoin only yielded around 60% last year, while coins like Solana and Terra grew by 11,000% and 12,000% respectively.
Others such as Litecoin and Bitcoin Cash also achieved triple-digit returns and compete as well as the best digital asset. Below are the assets that aspire to be the best cryptocurrency to invest in 2022.
Although Bitcoin is the most famous, it is not considered the best cryptocurrency to invest in 2022.Polkadot, one of the candidates for best cryptocurrency to invest in.
Polkadot is a cryptocurrency network that enables distributed computing. This works since the Polkadot network consists of a central relay chain that coordinates parachains.
Parachains allow developers to build chains for special purposes, for example, social media, fintech, and other tasks.
These parachains are then linked to the central relay chain and can interact with each other.
The Polkadot network, which can be considered the best cryptocurrency to invest in, also includes on-chain governance, allowing users to have more say in the future development of the network. The network has unbranched updates. Visa’s role in Polkadot
The increased acceptance of coins like Polkadot, which can be considered as better to invest in, has been facilitated by companies like Visa.
Institutional trust in Visa helps assuage investor concerns around digital currencies.
Polkadot is one of the best cryptocurrencies to invest in. Cardano, another candidate for best cryptocurrency 2022
Cardano is a public blockchain ecosystem that has just started offering smart contracts.
Compared to other standouts that have had this capability for years, the Cardano network is a new player in the arena and aspires to be the best cryptocurrency to invest in.
Frederik Gregaard, executive director of the Cardano Foundation, the Swiss body that governs the Cardano ecosystem, said they focused on ensuring “maximum adoption and utility” to reach people in developing countries.
This means that Cardano is one of the first focused on the specific needs of developing nations, so it can be considered as the best cryptocurrency to invest in.
Along with Cardano are firms like Block, which also work to solve the fintech needs of small businesses. Jack Dorsey, the founder of Twitter and one of the most prominent crypto investors, leads Block.
Dorsey and his company are backed by nearly 100 hedge funds that have $8.8 billion worth of stakes in Block, as of the third quarter of 2021.
Jsck Dorsey, founder of Twitter, has in his focus Cardano.Monero, a possible best cryptocurrency to invest in
Monero is one of the most popular “privacy coins” on the market. The network on which it operates essentially masks information.
For example, it hides the amount in crypto wallets or the type of transactions a user has been making on the blockchain, even if that user’s address is publicly available.
Monero, which can be considered the best cryptocurrency to invest in, was founded in 2014. The Monero network uses ring signatures to encrypt sender information.
This makes it almost impossible to identify the original source from which the funds were sent.
Litecoin can be considered as the best cryptocurrency to invest in. Litecoin, an aspiring best cryptocurrency to invest in
Litecoin is one of the most popular Bitcoin spin-offs. The Litecoin network is run by the Litecoin Foundation, a body run by Charlie Lee, a former google and Coinbase employee.
Lee has compared Litecoin, which aspires to be the best cryptocurrency to invest in, as “silver” to Bitcoin’s “gold.”
The Litecoin network is similar to Bitcoin but different in terms of transaction speed, block generation time, hash algorithm, and maximum number of coins. Litecoin has a market capitalization of more than $8 billion. Microsoft’s influence on Litecoin
The incorporation of coins like Litecoin has been possible in large part thanks to tech giants like Microsoft, so it can be considered one of the best to invest in.
The Washington state-based software company has been very optimistic about the future of the crypto revolution. Chainlink, candidate for best cryptocurrency to invest in
Chainlink is the cryptocurrency used by the Chainlink network, which aims to optimize smart contracts.
Chainlink, which can be considered the best digital currency to invest in, offers reliable, high-quality data sources to companies so they can use that information to base contracts worth billions of dollars.
These feeds can range from information about financial markets to weather and even sports results.
Smart contract applications within the blockchain world typically rely on different data sets for validation of real-world data and typically use Oracle networks for this purpose.
If you are really looking for the best cryptocurrency to invest in, you should evaluate VeChain, but you should be careful.
To improve the stability of the portfolio in the short term and ensure a lucrative future, it is preferable to let the digital asset liquidate the last of the weak holders, bringing clarity to the price structure and placing it among the best to invest.
VeChain, the coin of the VeChain Thor blockchain, is used to transfer value over the network and is one of the best crypto to invest in.
VeChain Thor Blockchain was specifically designed for supply chain management and business processes through the use of distributed ledger technology.
Cardano is one of the best cryptocurrencies to invest in. Dogecoin
After a murky past, this asset has resurfaced thanks to Elon Musk’s nickname as the “Dodgemaster.” No one expected this meme coin, which was created in 2013, to be legitimate, let alone be included in the main list of the best crypto to invest in.
Dogecoin is currently one of what many analysts consider a viable investment option. It has been up and running for the past few months, with a return of more than 8,000 percent so far in 2021. This asset has taken its market capitalization to an all-time high of $80 billion.
Dogecoin is one of the best cryptocurrencies to investUniswap
Uniswap is an Ethereum-based DApp that allows users to exchange Ethereum tokens through liquidity pools and is one of the best crypto to invest in. Uniswap has two main services: delivery and liquidity utilization. Uniswap was launched in the DeFi framework and UNI coin in 2020.
Hayden Adams, a former Siemens mechanical engineer, founded Uniswap on November 2, 2018. Through the use of smart contracts, the protocol enables automatic transactions between cryptocurrency tokens on the Ethereum blockchain.
Despite its childhood in the market, the UNI coin has already reached great milestones, and is now one of the DeFi to enter the maximum race and one of the best crypto to invest.
Given that Uniswap recently positioned itself as the first decentralized exchange that allows margin and leverage trading, market analysts believe that this price is below its expected potential growth.
Ether is the second largest crypto produced in 2015, with a market capitalization of $316 billion and is logically one of the best digital currencies to invest in.
The Ethereum blockchain is based on smart contracts, which enable decentralized applications such as widely used decentralized financial services (DeFi).