Top 3 cryptocurrencies to buy in 2022
Cryptocurrency is gradually becoming a distinctive part of the digital banking world. While it is still quite volatile, a survey revealed that nearly 35 percent of US retailers preferred investing in virtual currency over the stock market. Their outlook on cryptocurrency is backed up by John Taskinsoy’s study. Here he explained how bitcoin could be the first cryptocurrency to reach the coin market cap of one trillion dollars.
If you have weighed in the risk and still want to jump on the advantageous bandwagon, here is a cryptocurrency list of the top 3 cryptocurrencies to buy in 2022:
1. Best in Popularity: Bitcoin (BTC)
Since its outset in late 2009, figures for this digital currency have gradually increased over the years. While there were 1.3 million bitcoins in October 2009, that amount has now escalated to 19 million bitcoins as of April 2022. More and more people now want to profit off its unpredictability. Blockchain.com wallets have reached more than 81 million wallet users in 2022.
While there is still speculation about its success in the future, the recapture of its market dominance is a positive sign. Its rising demand over its fixed supply has the potential to create a price rally. Thus, its prediction to reach over $100,000 by the end of 2022, establishes it as a worthwhile cryptocurrency to buy right now
2. Best for Long Term Potential: Ethereum (ETH)
With a market capitalization of over 250 billion U.S. dollars, Ethereum is a hot take on our cryptocurrency list. Compared to its highs in November 2021, where it was around $4800, it has fallen to a lowly $985 as of June 2022. However, despite its current downturn, experts still believe Ethereum prices could increase to as high as $10,000 by 2025.
One of the reasons for this prediction is Ethereum 2.0. The updated algorithm will support proof of stake (PoS) over proof of work. If this transformation happens successfully, Ethereum prices will observe a dramatic increase. Thus, making it a profitable cryptocurrency to buy right now
3. Best under $1: Shiba Inu (SHIB)
Starting as a fun token of the Japanese dog breed, Shiba Inu has crossed many significant milestones since its release. Growing by more than 300 percent in the same month in 2021, it continues to be one of the most popular meme currencies in 2022.
One of the reasons for its consistent demand is its low barrier of entry. One of the best under $1 crypto on our 2022 affordable cryptocurrency list, it is usually viewed as a relatively simple investment with immediate success. It converted its $2 investors into millionaires within ten months in 2021. That means sustained crypto prices increase of over 48,000,000%.
Conclusion:
Learning which cryptocurrency to invest in can be a tedious task. Especially with this world of e-money going downhill right now, it is wise to weigh the risks. We hope our list of the top 3 cryptocurrencies to buy in 2022 helped you reach a final decision. Which cryptocurrency have you already invested in so far, and which one will be your next purchase? Do not forget to let us know in the comment section below!
