The crypto market has had an unforgettable bull run in 2021, to say the least. We have seen an unprecedented number of institutional investors who joined the crypto space by adding crypto assets into their investment portfolios. We also witnessed El Salvador approve Bitcoin as legal tender in the country. On top of these, many cryptocurrencies reached a new all-time high (ATH) at least once.
On the other hand, the crypto supercycle did not play out as many have expected. Bitcoin did not reach $100,000, while other cryptocurrencies struggle to maintain their support.
Given this, some people may be asking “is cryptocurrency still a good investment in 2022?” or “is the crypto bull run over?”. Of course, no one can really say what 2022 has in store for the crypto space. Maybe the supercycle will resume this year; maybe not.
Nevertheless, with the presence of many institutional investors in crypto and its exponential growth through the years, it is better to think that crypto is a good investment.
But which crypto should you invest in? In this CNL article, we have compiled the top 10 cryptocurrencies to invest in in 2022.
10. Decentraland (MANA)
Decentraland is definitely one of the top 10 cryptocurrencies to invest in in 2022. In fact, we may even argue that it deserves a higher spot on our list due to its astounding growth and achievements this year.
To bring the uninitiated up to speed, Decentraland is a blockchain-based metaverse wherein users can create their avatars and possess virtual lands. In 2021, Decentraland was able to showcase a scalable metaverse by partnering with celebrities and holding virtual concerts on top of other events.
As a result, Decentraland’s native currency MANA skyrocketed in price and reached its ATH of $5.85 in November 2021. This is well-deserved market traction since Decentraland has been building its platform since 2015, although they started selling lands in 2017.
We expect the NFT gaming and metaverse space to flourish even more in 2022, especially since many prominent firms are joining the metaverse arms race, including Microsoft, Meta (Facebook’s parent company), and more.
That said, Decentraland is in a prime spot to dominate the crypto market. Currently, MANA sits at the 44th spot, and we expect it to climb the leaderboards this year.
9. Avalanche (AVAX)
Avalanche has definitely won its spot in our top 10 cryptocurrencies to invest in 2022 by a landslide. Currently, its native crypto AVAX is dominating the market at the 11th spot, although it has reached the top 10 position in late 2021.
In a nutshell, Avalanche is a blockchain ecosystem similar to Ethereum, although it beats the latter in terms of scalability. According to the team, Avalanche’s blockchain is the fastest in the world as measured by time-to-finality.
As we can see from AVAX’s daily chart since the start of 2021, the coin has had a momentous run. In late September, AVAX was able to flip its $60 resistance into support. Consequently, this helped AVAX sustain its bull run to reach its ATH of $144.96. At the time of writing, AVAX price is comfortably settled at the $100 mark.
8. The Sandbox (SAND)
Another metaverse juggernaut that shook the world is The Sandbox. It is very much like Decentraland by fostering a virtual community of avatars. Users can buy virtual property, develop games, interact with other avatars, and even hold special events.
The Sanbox’s native crypto SAND took the #35 spot in the crypto market by the end of 2021 — a pretty convincing feat despite the token being relatively newer.
SAND price at the time of writing is $5.98, although it has reached an ATH of $8.40 in November 2021. As a metaverse token, we can expect even bigger hype in 2022.
Additionally, The Sandbox was able to achieve all of its achievements despite being in its alpha stage, which concluded in late December 2021. As the team switches gear to beta, SAND holders have an even bullish 2022.
7. Crypto.com Coin (CRO)
Crypto.com Coin (CRO) is probably one of the most stellar cryptocurrencies in 2021. Crypto.com gained most of its followers on social media platforms last year. Its wallet and trading app also added support for decentralized finance (DeFi) and non-fungible tokens (NFTs).
On top of these, Crypto.com has now renamed Staples Center into Crypto.com Arena. For those who are not basketball fans, Crypto.com is now home to prominent NBA teams such as Los Angeles Lakers, Los Angeles Clippers, and Sacramento Kings.
Lastly, Crypto.com produced a commercial featuring Hollywood celebrity Matt Damon.
Given these, it is no wonder why Crypto.com Coin is one of the best cryptocurrencies to invest in in 2022.
As the chart shows, CRO has had a massive run in 2021, way more than it did in 2020. So many people are buying or selling CRO especially in the last months of 2021. This suggests that people can’t help but notice CRO and are expecting considerable gains.
6. Binance Coin (BNB)
Occupying the sixth spot in our crypto investment list for 2022 is crypto giant Binance Coin (BNB). As a cryptocurrency whose market capitalization is outperformed only by Bitcoin, Ethereum, or Tether (USDT), Binance Coin is definitely one of the assets that should be in any investor’s portfolio.
Some argue that Binance Coin is the number one alternative to Ethereum since it has its own blockchain Binance Chain. Additionally, there is a plethora of blockchain projects and applications that run on the Binance Smart Chain (BSC), which is a decentralized version of Binance Chain. That is why Binance Coin is one of the best cryptocurrencies to invest in in 2022.
As we can see in the chart above, Binance Coin has had a gradual increase in the latter part of 2021 after plummeting. However, we should also take note of the fact that BNB reached its ATH in late May before the rest of the market plunged.
Contrary to other coins and tokens in our top 10 cryptocurrencies to invest in in 2022, BNB did not reach its ATH in the latter part of the year. This may suggest that BNB still has the firepower to reach a new top in 2022.
5. Axie Infinity (AXS)
Since 2022 is a year full of metaverse and NFT gaming hype, it is only proper that we include the standard of GameFi in our top crypto investment list. Axie Infinity has indeed taken the world by storm, becoming the uncontested leader in the NFT gaming space. Not only is Axie Infinity one of the top-performing NFT marketplaces, but it (Ronin) is also one of the most active Ethereum sidechains.
Axie Infinity’s story has been phenomenal, and many GameFi projects are using the game as their primary inspiration. What is more, Axie Infinity has even launched its own decentralized exchange (DEX) namely Katana.
Although Axie Infinity has a lot of promising competitors this 2022, it has proven that it is able to deliver according to its promise. To be fair, its secondary token Smooth Love Potion (SLP) has tanked in price. However, the barrage of updates that Axie Infinity will launch this 2022 will surely keep people interested in its tokens.
4. XRP (XRP)
Among all cryptocurrencies in our top investment list for 2022, XRP is probably the most unexpected. Specifically, XRP has not generated as much hype as other cryptocurrencies in this list. Its parent company, Ripple, has also been having a legal wrestle with the US Securities and Exchange Commission (SEC) since late 2020. Moreover, XRP has not exceeded its ATH last year, which is uncharacteristic indeed.
However, we should do well to remember that Ripple has partnered with sovereign states and multinational financial institutions. This means that Ripple’s value offering is greater than its legal issue. Furthermore, Ripple CEO Brad Garlinghouse is saying that the Ripple lawsuit may reach its conclusion in 2022.
Once this happens, and if Ripple wins the lawsuit, then XRP would become the only cryptocurrency that has legal clarity in the US. At the time of writing, not even Bitcoin or Ethereum has this recognition.
As we can see in the chart, XRP has formed a rather huge triangle pattern with an ascending support base. We should also remember that despite the Ripple lawsuit, XRP has maintained its position in the top 10 cryptocurrency list in terms of market capitalization. This means that XRP is indeed a good cryptocurrency to invest in 2022.
3. Solana (SOL)
Taking our third spot in the top 10 cryptocurrencies to invest in 2022 is Solana (SOL), a crypto runner-up that made such a spectacular run in 2021. In fact, no other major cryptocurrency had a more convincing run than Solana — literally from zero to hero.
Technical analysis aside, Solana is perhaps one of the most scalable Ethereum competitors today. Its blockchain is dubbed to process thousands of transactions every second, making it an attractive host of blockchain projects.
This is why Solana pretty much does not need any introduction nor further explanation why it deserves to be the third-best cryptocurrency to invest in 2022.
Solana’s price chart is literally a to-the-moon moment, and a much-deserved one at that. Indeed, traders and investors would do well to keep track of SOL price every day and include it in their portfolio.
2. Bitcoin (BTC)
Taking the second spot in our top 10 cryptocurrencies to invest in 2022 is the king of all cryptocurrencies — Bitcoin. With a fixed maximum supply of 21 million and with its mining rewards cut in half last year during its halving event in May, Bitcoin is indeed becoming more scarce by the day. In fact, the amount of bitcoins available for buying in exchanges is becoming lesser and lesser. Indeed, a large number of investors are buying and holding bitcoins.
To prevent any backlash from Bitcoin maximalists, the reason why we did not place Bitcoin as the top cryptocurrency to invest in 2022 is that its price is considerably high and many investors in the crypto space do not have enough money to buy significant chunks of Bitcoin.
There are other investment alternatives out there that are more affordable for many investors. The $100K Bitcoin price prediction by the end of 2021 also did not happen, which means that the supercycle is not going to become identical to the 2013 and 2017 runs — if at all.
Nevertheless, Bitcoin remains the king of all cryptocurrencies despite its market dominance falling below 40% during the start of 2022. It is also the only cryptocurrency in the world to attain legal tender status in El Salvador alongside the US dollar.
As we can see in the chart, the Bitcoin price is moving sideways, and there’s no telling what will happen next. Also, Bitcoin price has consolidated by the end of 2021 so we cannot really tell if it will go high or low in 2022.
1. Ethereum
Topping the list of our top 10 cryptocurrencies to invest in 2022 is Ethereum. To be fair, most investors would have both Bitcoin and Ethereum in their portfolio. Also, they would not really care which is first because they have both.
However, we crowned Ethereum as the first place because it is still the top blockchain ecosystem to date. The majority of blockchain projects in DeFi and GameFi run on the Ethereum blockchain, making it a very significant coin for development.
However, the major reason why we chose Ethereum as the top cryptocurrency to invest in 2022 is that it will become a full-fledged Proof-of-Stake (PoS) blockchain. This means that people cannot mine ether anymore; to gain more ether, they have to stake as many ethers as they have.
In summary, the top 10 cryptocurrencies to invest in 2022 are Decentraland (MANA), Avalanche (AVAX), The Sandbox (SAND), Crypto.com Coin (CRO), Binance Coin (BNB), Axie Infinity (AXS), XRP (XRP), Solana (SOL), Bitcoin (BTC), and Ethereum (ETH).
Disclaimer: No information in this article should be considered as investment advice. CryptoNewsLand does not make assurances about the future performance of the tokens mentioned above nor the success of their project. Everyone is encouraged to make his own research before making any investment decision, given that cryptocurrencies are known to be volatile in nature.
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