6 Best Cryptocurrencies to Invest In 2022

In the past few years, the cryptocurrency? craze has been quite a sensation; their adoption has been more rapid than on the internet. It is expected that by the end of 2025, there will be more than one billion bitcoin? wallets. More so, this figure is expected to keep increasing because of the internet's worldwide reach.

The immense growth of DeFi? (Decentralized Finance) has been quite impressive with the number of users multiplying threefold since the beginning of 2021. It has attracted myriads of users, and as we're approaching the end of 2021, investors and traders are looking for the next cryptocurrency? to explode in 2022.

This article will discuss the 6 best long term crypto investments for 2022 and beyond. Keep reading to find out more about these cryptocurrencies.

Next Cryptocurrency? to Explode 2022

The following are the best cryptos that have performed well in 2021 and are expected to continue doing so in 2022 and beyond.

1. Ethereum? (ETH)

Ethereum? is a great contender for the best cryptocurrency? to invest in 2022 due to its smart contracts. Smart contracts are similar to paper contracts that are executed when all the conditions have been met but without a third-party intermediary such as a bank or a middleman.

Developers use Ethereum?'s network to create numerous offerings such as security tokens, Decentralized Exchanges (DEXs), Non-Fungible Tokens (NFTs), and creating new cryptos with the ERC-20? token? standard.

What makes ETH a great investment for 2022?

• Ethereum? is the biggest blockchain? network for decentralized applications. It also has the second-highest market cap, only behind Bitcoin?.
• Ethereum? has plenty of use cases and is the predominant solution for the development of new coins.
• ETH is the only coin? that is predicted to surpass Bitcoin?'s dominance? in the near term. Smart contracts, NFTs, and security tokens need Ethereum? to run on its blockchain?.
• Since 2015, Ethereum? has been a popular option for investors and traders and has indicated robust capabilities.
• For those holding Ethereum?, staking? can be an extra income generator (around 8% annually).

2. Cardano (ADA)

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Cardano is a third-generation cryptocurrency? that was launched in 2017. It is built on Bitcoin? and Ethereum? but is more scalable, sustainable, and secure. Although it is not discussed in the same manner as BTC and ETH, it is regarded as the next big cryptocurrency?.

Coin? Price Forecast predicts that the coin? price of ADA will reach $3 by the end of 2021 and $12.66 by 2025. This indicates the huge potential that ADA has.

What makes ADA a great investment for 2022?

• With an energy use of 6-gigawatt hours, Cardano has cracked the energy usage problem that many cryptocurrencies, especially Bitcoin?, face.
• Cardano uses Proof of Stake consensus?, and ADA holders can stake their coins.
• Although many cryptos are unlimited, Cardano has a fixed supply of 45 billion coins.
• ADA is widely used in finance, agricultural, and healthcare projects.
• Cardano boasts of 257 processed transactions, as compared to Bitcoin? with 7 TPS.

3. Bitcoin? (BTC)

Bitcoin? was the first crypto and was introduced in 2009 by Satoshi Nakamoto. Bitcoin? is secured by a consensus? mechanism known as Proof of Work (PoW). Its transactions are relatively economical and swift, with a throughput of seven transactions per second (TPS).

BTC retains its position as the most prominent and the second-fastest-growing crypto. It has a market cap of $856 billion and a price of more than $45,000. On April 14th, 2021, BTC reached its all-time high of about $64,000.

What makes BTC a great investment for 2022?

• Bitcoin? is the most known cryptocurrency? by far. When people think of cryptocurrencies, their first thought is usually Bitcoin?.
• Bitcoin? is widely accepted and its uses are increasing steadily. For instance, El Salvador was the first country in the world to accept BTC as its national currency. This gives Bitcoin? more legitimacy.
• Bitcoin? is used as a Store of Value (SoV), an inflation-proof asset that is similar to gold.
• Since its inception in 2009, Bitcoin? has consistently outperformed the stock market; therefore, it offers extra diversification to a portfolio.
• Since Bitcoin? has no ties with the global financial system, it is well suited for macro investments. Unlike stocks that need brokers, BTC can be purchased and traded easily on various exchanges with immediate completion of the transaction?.

4. Solana (SOL)

Solana is the best cryptocurrency? to invest in 2022 in long term. In the last 30 days, its price has increased by 300%, and it is ranked #7 with a market cap of $51.8 billion as of November 2021. It currently competes with Ethereum? and Cardano for the best smart contract functionality. The main reason behind SOL's success is its native NFTs marketplace.

What makes SOL a great investment for 2022?

• Solana's popularity increased when it introduced Degenerate Apes, a collection of NFTs that featured costumed apes.
• Solana has attracted more than 400 projects, with the majority being DeFi? projects.
• It is widely considered as an alternative to Ethereum?. It may not crush ETH but offers plenty of competition to it.
• It has a processing time of 50,000 TPS and a cost of $0.01 per transaction?.

5. Binance Coin? (BNB)

The Binance Coin? is the crypto for trading on the Binance cryptocurrency? exchange?. Coin? Price Forecast predicts the coin? to reach $500 by the end of 2021 and hit $1000 by 2025, an increase of 170%. BNB can be traded for other cryptos like ETH and BTC.

What makes BNB a great investment for 2022?

• Binance Coin? has a wide array of benefits and applications. When it was first launched in 2017, it was merely used for trading purposes. Presently, it is ranked as the fourth-highest coin? with a market cap of $70 billion. It is used as an investment in the largest crypto exchange? in the world, Binance.
• BNB is used to pay for products and services and transaction? fees on Binance's Smart Chain.
• More projects are expected to be launched by Binance, which can only increase its price and demand. Besides Smart Chain, additional projects will be coming up which will put BNB among the best cryptocurrencies.
• It has a market cap of more than $51 billion and several secure applications which makes it better for investment.

6. Ripple (XRP)

Ripple is based on an open-source blockchain? known as the XRP Ledger. Its transactions are processed rapidly (3 seconds) with minimal energy consumption. Launched in 2012, XRP has grown significantly to attain a market value of more than $51 billion.

XRP is the best penny cryptocurrency? to invest in 2022. When it comes to performance, XRP is exceptionally volatile. When it was first announced in 2013, it traded at $0.005. It has a current price of $0.89. It is predicted to reach the $3 mark in 2022.

Conclusion

Cryptocurrencies have become a popular way to make good returns for investors and traders across the world. The digital currencies mentioned above are some of the best long term crypto investments for 2022. Choose the right one for you and you could earn big in the next year and beyond.