The year 2021 was a good year for crypto investors, wherein the price values of most crypto coins were at life-highs during 2021.
Most crypto investors turned into overnight millionaires, with the sharp surge in crypto prices in 2021. The bull grip in the crypto space brought up the price of Bitcoin and Ethereum by almost 40% in May and June 2021.
Let us take a brief look into some of the best cryptos to invest in 2022, projected to show rapid growth in the day to come. They had also made a significant impact in 2021.
Investors and users regularly participate in Reddit cryptocurrency conversations for help and guidance. Users share their success stories on their crypto journey, and you can also join in to gain an insight into more cryptocurrencies on the Reddit crypto website.
Blockchain technology is gaining attention as major transactions take place on it. The increasing adoption of NFTs made the crypto market value surpass $3 trillion in November. It rose from $735 billion in January to $3,009 billion in November 2021. Select the best cryptocurrency to invest in 2022 for profitable trading in crypto.
In June 2021, El Salvador adopted Bitcoin as its legal tender and is the first country to do so. Large corporate business and traders use Bitcoin crypto for their payment services, and exchanges are not subject to capital gain taxes. Cryptocurrencies are gaining wider attention and attracting more users, especially the millennials and high-net-worth individuals. Global businesses are using crypto payment services for the sale of goods and services for the quick transfer of currencies.
Best Cryptocurrencies 2021
Cryptocurrency trading saw explosive growth due to the rise in the value of Bitcoin, Ethereum, Dogecoin, and more. Users prefer the best crypto trading platforms that are simple and transparent. The best Bitcoin news websites provide traders with updated top cryptocurrency prices in the global crypto market. Do research to choose the best cryptocurrency to invest in 2022 and enjoy handsome profits. You can also refer to the Reddit crypto, the hub for crypto enthusiasts.
Top crypto exchanges allow users to buy and sell crypto on cash and payment apps. Each crypto exchange comes with different fee structures and customer service options. Scrutinize the various options before choosing the best crypto trading platforms like Webull, Robinhood, Coinbase, and Gemini. You can get Bitcoin price news on such exchanges to stay updated on price movements.
Top cryptocurrencies like Bitcoin and Ethereum led the massive crypto market rally in 2021. Bitcoin, Dogecoin, and Solano enjoy a high ranking in the top-most viewed Reddit cryptocurrency community. The Reddit cryptocurrency community enjoys around 430 million users, active in the crypto space.
Bitcoin (BTH) prices shot up in April 2021 when the cryptocurrency exchange Coinbase went public. Bitcoin prices rose to almost $64,000 in April but slipped to $30,000 in July 2021. In November 2021, BTC prices shot to life high at $68,493, with a price increase of 129% in 2021. Investors consider it a hedge against inflation, as it has a wide acceptance and is the oldest cryptocurrency with the most users. To get live Bitcoin price news, real-time live data, charts, and videos, you can refer to websites like Coin Desk and Yahoo Finance.
Ethereum (ETH) is the second most popular crypto with a wide range of applications on its blockchain, working on smart contracts. Since the creation of non-fungible tokens, Ethereum’s usage has grown drastically.
The Ethereum 2.0 upgrade may see more validators that will help to make it more decentralized. It gained more than 450% in 2021. Investors expect Ethereum to move higher than Bitcoin, as it enables dAps and smart contracts to run without interference from a third party or downtime. In January 2021, ETH was trading at $880, and in November 2021, ETH prices were at $4,864, a massive increase of 452%.
Ethereum (ETH) is one of the most popular day trading cryptocurrencies, as it is a blockchain platform to develop decentralized apps.
Solana (SOL) is one of the top five popular cryptocurrencies, with a market cap that is more than $65 billion. It is a top competitor of Ethereum as it is a blockchain that supports smart contracts. It provides speedy transactions at a low cost than Ethereum. It ranks 5th in market cap and gained 12,700% for the year. SOL was worth $1.72 in January 2021 and shot up to $259 in November 2021, and its trading price was $195 in December 2021. It rose almost 14,958% in 2021.
Ripple’s XRP prices did not surge higher in 2021. It trades at a price value below $1 in December 2021. Though Ripple XRP is low-priced, it has a high potential for growth in 2022 once its regulatory issues are solved. It ranks as the third-largest crypto with a 310% increase in 2021. Ripple XRP shot up 634% in 2021 when it was at life-high prices in April 2021.
Dogecoin (DOGE) is a fork of both Litecoin and Bitcoin. It works on the proof of work mining and is derived from the breed Shiba Inu, the Japanese dog. Prices of DOGE coins were trading at 0.0095 in January 2021. It rose to $0.7254 in May 2021, a massive spurt of 7964% in 2021.
Basic Attention Token (BAT) is best for publishers, content publishers, and advertisers. It is Ethereum blockchain-based platform token. BAT’s founders are Brendan Eich and Mozilla Firefox. It is a utility token that uses the Brave browser and saw a spike in prices in 2019. It was trading at $0.1940 in January 2021, and in November 2021, it was at $1.9179, an impressive rally of 888% in 2021.
Decentraland (Mana) saw a rally of 13,000% in 2021. It is a leading network in virtual reality technology. It plans to hold the first metaverse fashion show on its crypto platform in March 2022. Its prices in January 2021 were at $0.05, and in November 2021, it rose to life-highs at $5.90 with a 99.15% increase.
Best Penny Cryptocurrency to Invest in 2022
There is a wide option for investors to choose the best penny cryptocurrency to invest in 2022. But make sure to do your research to check the strengths of each crypto in terms of market value, price movement, features, etc. Ensure that the crypto is listed on top exchanges such as Coinbase, Huobi, and Bitmex. There are many new crypto coins available for trade in the crypto space.
According to the Reddit community investors, while the best penny cryptocurrencies listed here have a value of around one dollar or lower, they have huge growth potential.
Get the latest news on your digital assets and crypto by signing up for Bitcoin price news on prominent exchanges. The best Bitcoin news websites keep you updated on the price movement of crypto for trading guidance.
Dogecoin (DOGE) heads the list as the best penny cryptocurrency to invest in 2022. It started as a meme coin and as a light-hearted cryptocurrency. But it seems to attract more investors. Tesla, the electric car company, accepts Dogecoin as a payment token. It gains support from various other companies and personalities, which is sure to boost its value in 2022. It saw a huge rally by7964% in 2021.
Shiba Inu (SHIB), created in 2020, also known as a Dogecoin killer, saw an incredible rise in prices in 2021. With an investment of just 1$, investors would have gained thousands of dollars from their Shibu Inu tokens. However, it is one of the best penny cryptocurrencies to invest in 2022. It increased from $0.000007 to %0.0008 within 25 days, with a 1000% price increase.
XRP is a cryptocurrency with an established name for its digital payment network. The crypto traded at a low of $0.2566 in January 2021 and surged higher to $1.8840 in April 2021, a price increase of 634%. However, XRP prices are in the consolidation phase, trading below $1.00 in December 2021. As soon as it clears its regulatory issues, the price value of XRP tokens may zoom higher in 2022.
Stellar (XLM) supports speedy transactions within 2 to 5 seconds in logistics and borderless transfer payment services. It is best for supply chain investments with real-world applications. It began the year with a price value of $0.1262 and rose sharply to $0.6494 in May 2021, a surge of 414%.
If you intend to make small investments in cryptocurrencies, you can choose the best penny cryptocurrency to invest in 2022. There are new cryptocoins available that show promising growth in the New Year. Bitcoin cash news, events, and videos available at CoinDesk help traders and investors to make decisions on the best entry and exit point on crypto trading.
Investors prefer crypto trading strategies such as day trading crypto, range trading, scalping, cryptocurrency futures, and high-frequency trading strategies to make profits in the crypto space.
Choose the best US crypto exchanges for a profitable trading experience.
- US provides a broad range of cryptocurrencies available for trade with low fees. Most investors are familiar with the US crypto exchange Coinbase, the safest and the largest platform for trading and investing crypto.
- Kraken is a top cryptocurrency exchange that offers a solid range of crypto coins for trade with low fees. However, beginners find it too complex for trade. Gemini crypto exchange provides easier usability, though it has a high fee structure.
- Bittrex fees schedule is best suited for high-volume traders as it comes with a discounted price structure. It offers hundreds of coins for trading crypto.
New Cryptocurrency 2022
Crypto is a new industry that requires full-fledged customer services to reply to queries from customers. There are more than 5000 crypto tokens available for trade, according to data by CoinMarketCap. Choose the best crypto platforms that provide a wide variety of new cryptocurrency 2022 for trading. Select the lowest fees crypto exchange for using your credit and debit cards. Crypto trading bots get recommended for beginners who do not wish to spend time on analysis and market research.
Select new cryptocurrency 2022 tokens with a small market capitalization but strong fundamentals are the best choices for 2022. Traders should keep an eye on Fantom’s FTM, Cardano’s ADA, Polkadot’s DOT, Harmony’s ONE, Terra’s Luna. They transformed the cryptocurrency ecosystem as it paved the way for mass adoption. They started to gain traction in 2021 and emerged as the favorite in the crypto community.
Polkadot (DOT) allows the exchange of data between various blockchains. The network includes the relay chain and parachains. It enables systems to work inter-operably with other networks on its relay chain and saw a rally from $10 in January to $53.88 in November 2021
Harmony (ONE) new cryptocurrency 2022 saw a surge of 6801% in 2021, as it moved from $0.0055 in January 2021 to $0.3741 in October 2021.
Polygon’s MATIC token rose almost 12,800% in 2021. It shot up in price value from $0.01 in January 2021 to $1.63 in August 2021 and promises profitable cryptocurrency trading. Forecasting services predict a bullish view on Polygon’s MATIC. It reached a life-high price of2.922 in December 2021.
Solana (SOL) shot up 9,965% in 2021 and was the fifth most valuable crypto in the market cap. It shot up from $2.364 in January 2021 to life-highs at $250.08 in November 2021, an increase of 10,496% in 2021, making it perfect crypto for day trading.
Best Crypto to Invest in 2022
Once you acquire knowledge about the volatility and liquidity in crypto trading, you can opt for crypto day trading as it involves high risk. Users require self-disciple, along with basic knowledge, for day trading crypto on the best cryptocurrency exchanges. The high volatility in crypto will bring in higher profits. A higher trading volume on new cryptocoins indicates that more users show interest in cryptocurrencies and assures investors that it will not involve unexpected price spikes or dips. Read up on the founders of the crypto and watch for new discussions on social media that might be useful for day trading crypto.
Some of the best crypto to invest in 2022, which made a significant contribution to the crypto sector in 2021 and project better performance in 2022 are listed here.
USD Coin (USDC), backed by the US Dollar, is a stablecoin that offers great potential for traditional investors who prefer a low-beta investment that may generate better returns.
Cardano (ADA) is a blockchain platform that launched smart contracts in 2021. It went on a consolidation zone in 2021 and may go higher in 2022. It began with $0.1613 in January but was trading at 3.0994 in August 2021, a price increase of 1821% this year.
Uniswap (UNI), the Ethereum based on the DeFi framework, was launched in 2020. The new cryptocoin enables automatic transactions between crypto tokens on the Ethereum blockchain.
Fantom (FTM), launched as the alternative to the Ethereum network, is an open-source smart contract platform for dApps and digital assets. It shot up by 19653% in 2021, with a massive rally from $0.0176 in January to $3.4766 in October 2021.
Aave (AAVE), built on the Ethereum network was a decentralized lending platform. You can hold, lend or borrow Aave, and it is the best crypto to earn passive income. Some investors use it to switch from one crypto to another. The upcoming Ethereum upgrade will speed up transactions on the network.
New Cryptocurrency Release 2022
Cryptocurrencies are the future of finance, and you can invest or trade on new cryptocoins on the best cryptocurrency brokers. New cryptocurrency release 2022 caused a stir in 2021 and will continue to dominate in the New Year.
Beginners who are new to the crypto market can trade on eToro crypto brokers, as they get $100,000 for every new account opened in a virtual portfolio. On eToro, you can use OpenBook, which allows traders to copy trade the activities of successful performers. Pionex is another crypto broker available for users to buy and sell high within a limited price range through its Grid Trading Bot. Select some of the best crypto to invest in 2022 for profitable trading.
You can earn passive income through crypto trading bots on cryptocurrency trading platforms like 3commas. The system works according to the parameters set with a clear and transparent mechanism.
As the number of new crypto coins sees strong expansion in the market, investors prefer to put their investments into decentralized digital crypto exchanges. Select protected cryptocurrency exchanges before making your investment. Safety measures, low trading fees, ease of use, and the number of cryptos available for trading are important features that users prefer to determine the best cryptocurrency exchange.
Coinbase is one of the most popular exchanges for beginners, as it is easy to use for buying, selling, and storing digital assets. It is a great place to open an account as it is the best bitcoin news website that provides advanced charts and technical trading tools.
Chainlink (LINK) offers tamper-proof data protection through smart contracts. Its market capitalization is above $20 billion. The new cryptocoin provides real-world data on its blockchain. LINK prices spiked by 367%, as it saw a price rise from $11.21 in January 2021 to $52.36 in March 2021.
IOTA (MIOTA) token network supports the Internet of Things (IoT) for speedy exchange and recording of micro-data. IOTA prices were at 0.2902 in January and $2.2551 in April 2021. It is a new cryptocurrency release 2022, whose prices may skyrocket in the New Year.
Terra’s LUNA is a new cryptocoin that saw a rise of 14,840% in 2021 and is projected to rise further in 2022.
VeChain (VET) transfers value across borders. It plays an important role in supply chain management in distributed ledger technology. It saw a sharp surge from $0.0186 in January to $0.2642 in April 2021, a 1320% increase in 2021.
Best Cryptocurrencies 2021
Bitcoin shot up 69% in 2021 when it rose from 29,000 in January to 49,000 in December. In April, it touched a high of $64,000.
BNB rose from $34 in January to $535 in December, a rise of 1,462%.
Solana was one of the best cryptocurrencies 2021, as SOL prices saw a sharp surge from $1.8 in January 2021 to $185.2% in December 2021.
Investors love the Reddit community as they gain more knowledge about digital coins on it. There are millions of active users in its communities. Dogecoin topped the list in the search engine in December, states Google data.
To Summarise Best Cryptos
Choose trustworthy platforms for crypto investments so that there are no regulatory setbacks to affect your investment. Don’t make investments by selecting crypto coins randomly for their lower prices. You can buy high-value coins in fractional values or invest in blue chips, which are more stable.
It is best to invest small amounts in the crypto market. Ensure that you do not invest more than 5% of your portfolio in cryptocurrencies. The crypto market is risk-rewarding.
Do your own research to choose the crypto with the most potential for price growth. Non-fungible tokens (NFT) and meme coins were the trendsetters in 2021.
Tesla CEO Elon Musk created a name for himself in the crypto market for his tweets and remarks. Many famous personalities joined the NFT space.
Best crypto exchanges with very low fees are Coinbase, Bisq, Kraken, Bittrex, Swapzone, eToro and CEX.io. Free crypto trading is available on Robinhood crypto, but it offers very few cryptocurrencies, and transfer of crypto assets is not possible on its platform.
Cryptocurrency regulations are increasing. The Securities and Exchange Commission Chairman Gary Gensler has laid stress on the regulatory framework in the crypto space.
In May 2021, concerns over the Chinese crackdown on crypto mining and environmental concerns caused a sharp fall in crypto prices. Further, Elon Musk also played a major role in the sudden crypto price movements.
It is important to identify the obstacles and drawbacks in the crypto sphere before making investments. Scalability is the biggest concern that poses various problems. Cybersecurity issues are hurting investors. Price volatility is another concern that hits new players and lowers consumer confidence in the crypto market.
Cryptocurrencies are here to stay and they offer many advantages. But caution on your investments is the best way to handle your crypto portfolio.