Last Updated on January 4, 2023
If you’re looking for one of the best assets to invest in this year, it’s no secret that cryptocurrency has not only been growing in popularity, but has established itself over the last few years as being more than a passing craze. There are quite a few digital tokens out there on the market right now; many of which are far more accessible than Bitcoin for anyone who’s hoping to get their foot on the crypto ladder.
So, what currencies hold potential in this corner of the investment niche? And which ones should you consider putting your money into? Here’s a closer look at some of the top options for investors in 2022:
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Lucky Block (and the supporting LBLOCK token) is certainly one of the leading names that you’ll want to take advantage of if you’re interested in the best cryptocurrencies of 2022.
The Lucky Block project is far more than just a typical buy/sell brand, being the first worldwide crypto lottery. The platform aims to facilitate a simple, fair and secure game using the power of crypto technology, as well as their own LBLOCK token, to create the best online lottery the gambling industry has ever seen.
If you’re not the biggest fan of gambling or you’d prefer a more straightforward method to invest, why should you choose to partake in a project like Lucky Block? Here are just a few key reasons:
Plus, by investing in LBLOCK, you can help Lucky Block and earn as a token holder, without having to even participate in the lottery if you’re not interested in this side of the project.
Of course, as one of the top players in the crypto industry, it shouldn’t be surprising that Ethereum is one of the best cryptocurrencies for aspiring investors to select. Second only to Bitcoin, Ether is a brand that you shouldn’t overlook.
Both Ethereum (the platform) and Ether (the coin) are popular among crypto enthusiasts for several reasons, but for those more interested in the potential to earn, the incredible growth that the ETH token has seen over the years is one of the most appealing aspects of this asset.
Of course, the potential that Ethereum has to offer as a platform is a large contributor to its success, so it’s always worth thinking about its capabilities if you want to understand its wider contributions to the niche. As it’s one of the better-known names, it is a little more expensive than some of the other options on this list, but it’s still certainly a viable choice.
Since its launch back in 2017, the BNB token has seen some noteworthy growth. While it was created for the simple purpose of facilitating trades on the Binance exchange, the coin has grown considerably in popularity since then and is generally thought to be a good investment vehicle.
There’s certainly a lot that Binance Coin has going for it; one of the key points being that it’s the native cryptocurrency of one of the biggest exchanges on the market. This alone makes it an incredibly important token in the world of crypto.
When you also consider the fact that it can be used to process payments traded for fiat money, traded with other cryptocurrencies and even to make purchases like booking flights, it’s plain to see that BNB has quite a lot of utility already – which will certainly work in its favour when it comes to using it as an investment asset.
While actually called XRP, this digital currency is often called Ripple, named after the company that founded it. Ripple is a technology and payment processing platform, so it makes sense that their very own native cryptocurrency is generally well thought of.
XRP helps to facilitate trading on the Ripple network, but it’s also a great investment opportunity on its own, which could be worth taking into consideration. Over recent years, XRP has risen through the ranks and is likely to keep on going, so it may be worth investing in now while it’s still fairly inexpensive.
Originally, one token was worth just £0.004 and today, it’s at around 45p. This may not sound like a lot, but when you consider how fast that number has risen and how much an investor could have earned if they’d bought tokens in bulk back when XRP was at its lowest (an investment of just £4 would have equated to 1000 tokens, or more than £450 by now), it begins to paint a very different picture. When choosing the best investment opportunities, it’s factors like these that could sway your decision and increase your earnings.
Solana is a platform and cryptocurrency similar to Ethereum. There are only a few differences, but as Ethereum is currently the larger of the two, it tends to have a wider reach. On the plus side, this means that it can be harder for beginners to access Ethereum, making Solana a better, less expensive option for newer investors.
The great news is that Solana is also incredibly fast and aims to help decentralised finance and smart contracts for those with a little more experience. There’s a considerable amount of potential for the future in terms of apps and programs, too.
As it stands, Solana is an all-round solid alternative to Ether that won’t break your bank.
There are quite a few different blockchains out there (Bitcoin, Ethereum, Binance, Solana and more), but sadly, they’re typically not compatible with each other. This is where innovative brand Polkadot steps into the fray.
Aiming to help bridge the gap between different blockchains and integrate them via a cryptocurrency network that connects them all, Polkadot has seen some significant growth since its launch in 2020 – and the accompanying currency has only benefited from its rising fame. Polkadot could play a crucial role in how cryptocurrency is managed in the near future and as a result, it certainly deserves a spot on the list of the top 10 cryptocurrencies in 2022.
Other aspects to consider, like the fact that the market cap is currently over £14 billion (at the time of writing), only help to further solidify that this currency is well worth looking into.
If you’ve only done some cursory research, you may not have heard of FTX just yet. However, this is one of the best crypto exchanges on the market, because it’s a simple platform that allows for a variety of different options (from regular trading, to swaps and futures). This, alongside competitive fees, has allowed FTX to become a prominent name in the crypto community once you get past the usual brands. It also offers its very own crypto, the FTX Token, which has gained good traction in the niche recently.
With the FTX Token, the success of the coin is tied to the popularity of the exchange, and this can be a deciding factor for many when it comes to making financial moves. Luckily, FTX has been doing well for quite some time now and shows signs of longevity moving forward, so it’s certainly worth a second thought.
While Cardano is still a fairly new cryptocurrency, it’s seen some significant success already. Similar to Ethereum in how it can support smart contracts via ADA tokens, the Cardano platform is most popular for how it’s able to tackle the verification of transactions compared to its competitors. Using a proof-of-stake validation method, Cardano was able to provide a much more efficient way to verify transactions made on its blockchain.
This made it better in a variety of ways, like reducing transaction times, energy usage, environmental damage and more. While more platforms are embracing the proof-of-stake method now, Cardano was one of the first and because of this, it’s fast become one of the most worthwhile (and biggest) competitors for Ethereum.
Similar to Solana and Cardano, Avalanche is a platform that aims to improve upon the foundations that the well-established Ethereum has laid out. While it may not be quite as big as its mentor, there’s no doubt that its features and low entry costs are appealing to new and experienced investors alike. Avalanche has already experienced some fame, and it’s expected to go even further in the future.
Better yet, the longer that the Ethereum 2.0 network takes to launch, the more notice, popularity and success underrated alternatives like Avalanche will gain, so buying and storing some relatively affordable AVAX tokens now (Avalanche’s very own currency) could be a smart move.
Last but not least, we want to mention Bitcoin. Bitcoin is the original cryptocurrency, created in 2009 by the mysterious individual known as Satoshi Nakamoto. Since its earlier days, it has paved the way for digital investments and is now at the top of the crypto market. It’s generally considered to be the greatest asset in the larger investment world if you can afford it.
While it may not be the most accessible of cryptocurrencies, it is still an excellent trading vehicle and is easily still one of the best out there. While it may be expensive, the price tag certainly doesn’t come without reason: those who invest are more likely to see an unparalleled return if they’re successful, and most other digital coins simply can’t promise the same. With this in mind, it’s certainly worth considering if you’re willing to make such a large investment.
With a few ideas of the top options for 2022, and hopefully some answers to your questions, we hope that you’ll be better informed when making the right decision for your crypto investing journey.
There are simply so many different options, more than we’ve mentioned in our list, so it’s well worth taking the time to do some research of your own into the crypto market. If you’re looking for the best of the best though, we’re sure you’ll find what you’re looking for in the list above.
These digital coins are popular as investment assets, but many of them have grown to be much more than that and gain their value from what they have to offer. Most can be used to purchase items without the need of any third parties like banks and allow for faster and more secure transactions (which is how cryptocurrency managed to take off in the first place).
Cryptocurrency is different from most other forms of traditional investment, like shares and stocks. With crypto, you technically aren’t gaining ownership of something, other than exchanging one form of money for another. The investment comes in how a cryptocurrency can lose or gain value. Unlike stocks, you won’t buy a share of ownership, receive compensation in the event of bankruptcy, or any other aspects typically associated with traditional investment vehicles
In most cases, the answer to this question will vary depending on who you ask. Some still consider cryptocurrency a fashionable, passing trend, whereas others are embracing the wider potential and applications for digital finance moving forward. There may be risks involved with crypto, as there are with any form of investment, so it’s well worth considering the potential ups and downs before you get started.