Crypto trading is becoming easier as several stablecoins, such as Uniswap, help increase liquidity during volatile periods. Small investors are adding crypto to their portfolios, and prominent investors like Elon Musk actively promote cryptocurrencies like Dogecoin (DOGE).
If 2021 puts cryptocurrencies well and truly on the map, how about 2022? What are the prospects for cryptos next year? What are the best cryptos to watch, and which crypto might be the next big thing for 2022?
In this post, we’ve put together a list of the top 5 cryptocurrencies to invest in 2022. Several of them are in the top ten list of cryptocurrencies by market cap, and others are up and coming with a ton of potential for growth over the next year.
1. Hedera (HBAR)
2. Theta Fuel (TFUEL)
3. XDC Network (XDC)
4. Basic Attention Token (BAT)
5. Ravencoin (RVN)
Now let’s take look at the top cryptocurrencies to invest in 2022, why they will explode and how much would be wise to invest in them.
1. Hedera (HBAR)
Hedera is another gem in the penny cryptocurrency category that has the potential to outperform the market in 2022. This crypto pretty much ticks all the right boxes in the criteria discussed above. For starters, its adoption is one of the highest in crypto, outside of Bitcoin and Ethereum. This has a lot to do with the fact that the project has the backing of some of the largest corporations in the world. Organizations like Google and IBM are a part of its governance members.
Pricewise, Hedera is pretty much in the right place for anyone who wants to profit from it in 2022. Since it hit highs of $0.55 back in April, it has been on a downward spiral.
However, its price is stabilizing, an indicator that it has hit bottom. For crypto with its fundamentals, this makes its current price a perfect entry point. That’s because if it rallies from its current price and surpasses its all-time highs, anyone buying it now would be sitting on a pretty healthy ROI.
It’s one of the penny cryptos that offer a mix of high potential for growth and an element of security. It’s secure because as long as its adoption is growing, you can be sure that it will never go to zero. You can’t say the same of meme cryptos and a lot of other penny cryptocurrencies.
2. Theta Fuel
Theta Fuel makes it to this list by virtue of its high utility. This is the crypto that is used in the day-to-day operations of the Theta network. For instance, when users share videos on this network, they are rewarded in TFuel.
This basically means that as the Theta Network grows as a content-sharing platform, so will the value of Theta Fuel. While this is more of a long-term goal, it is likely to play a role in the value of this crypto if the broader market sustains the momentum that started last week.
Theta Fuel price is also in a good position, especially if the market turns bullish from now up until 2022. That’s because it is still 57% off its all-time highs. In essence, if broader market momentum pushes it to retest its all-time highs, and make new ones, anyone who gets in now would be sitting at a pretty good profit.
3. XDC
XDC network may not have the hype of Dogecoin or any of the other penny cryptocurrencies discussed above. However, it has performed quite well in the past, and its fundamentals look pretty good going forward.
XDC is the native token of the XDC network, a blockchain project aimed at trade finance. By offering a cheaper and more straightforward alternative to conventional trade finance, there is a good chance that the value of XDC will go up over time. It’s not a fluke that this crypto is up by 64,000% since 2019.
Its current price is also perfect now that the market is turning bullish. XDC is still 47% off its all-time highs. This means there is a lot of room for growth, and it could give investors a pretty healthy ROI.
4. Basic Attention Token
The Basic Attention token is one of the penny cryptocurrencies with the clearest use cases. It is also angling for a high growth aspect of the crypto market, the web 3.0 market.
In essence, as crypto awareness grows with each crypto hype cycle, its adoption, and by extension, value, will only go up. This is evident in all the previous crypto Bull Runs that it has gone through.
Aside from its strong fundamentals, BAT is still 58% off its all-time highs. This means if the next bull cycle kicks off in 2022, anyone who buys BAT now will make a decent ROI.
5. Ravencoin
Ravencoin makes it to this list for its strong use case. It is the native token of the Ravencoin project, which is making the creation and transfer of crypto assets easier for everyone.
In essence, as the adoption of this network grows, so will the value of Ravencoin. With use-value increasingly becoming a major factor in crypto pricing, Ravencoin is in a good position for growth going into 2022.
Its price is pretty attractive too, given that it’s still close to 60% off its all-time highs. In essence, if bulls gain momentum and push the entire market to new levels, anyone who buys this crypto now could make a tidy profit off it. It may not give the gains of highly hyped cryptos like Shiba Inu, but it can give an above-average ROI.
