Cryptocurrency has boomed in popularity over the past few years, to the point that the alternative investment class has essentially gone mainstream. While Bitcoin was the first and still remains the best-known cryptocurrency, literally thousands of other cryptos have entered the scene. Part of the reason for the hype surrounding the asset class is the tremendous returns that have been earned by some investors. Bitcoin, for example, was the best-performing asset from March 2011 to March 2021, with a staggering 230% annualized return. The next best-performing asset class over that time period was the Nasdaq-100 ETF, symbol QQQ, with “just” a 20% annualized return. But, what’s to come for the rapidly growing cryptocurrency market? Here’s a look at some of the most popular cryptocurrency predictions for 2022.

Options: 10 Cheap Cryptocurrencies To Buy
Consider: 8 Best Cryptocurrencies To Invest In for 2021

Ethereum May Overtake Bitcoin

Ethereum is not as widely known as Bitcoin, but it should be. Currently, Ethereum is the second-largest cryptocurrency, and its gains have been outpacing Bitcoin’s. If current trajectories continue, Ethereum may very well overtake Bitcoin as the most valuable cryptocurrency sometime in 2022. This might make Ethereum an interesting choice for investors looking to diversify their crypto portfolios away from simply owning Bitcoin.

Economy Explained: Ethereum: All You Need To Know To Decide If This Crypto Is Worth the Investment

Cryptos Will Become More Accepted as a Payment Source

One of the major bear cases against cryptocurrency is that it’s not accepted as a viable substitute for traditional currencies. If this scenario plays out, many cryptocurrencies may indeed become worthless. However, just the opposite has been happening in 2021, and the trend seems likely to continue into 2022. As more and more businesses begin accepting cryptocurrency like Bitcoin as legal tender, both the viability and the value of cryptos will likely increase.

Consider: Dogecoin: Is It Still Worth an Investment?

More Countries Will Adopt Crypto as Legal Currency

In September 2021, El Salvador became the first country to adopt Bitcoin as legal tender. Alexander Höptner, the CEO of the crypto exchange giant BitMEX, feels that five or more countries could follow suit in 2022 and adopt crypto as legal currency. If these adoptions prove to be successful, it’s likely that other countries may look into adopting crypto as well.

Do You Know? Where Does Cryptocurrency Come From?

Central Banks Will Issue Their Own Digital Currencies

China has been leading the push among nations to adopt its own central bank-issued digital currency. In an effort to fend off threats from existing cryptocurrencies, many other countries are also looking into creating their own digital currencies. By managing and controlling their own digital currencies, countries can avoid the unregulated, decentralized nature of existing cryptocurrencies.

Beyond Bitcoin: Looking at Some Crypto Financial Jargon

Investors and Companies Alike May Raise Their Crypto Allocations

As cryptocurrency becomes more mainstream, it’s being adopted with more regularity into the portfolios of both individual investors and companies. Some financial advisors now recommend cryptocurrency allocations of a few percentage points, and more companies are allocating cash to cryptos and digital assets. These types of allocation shifts tend to take on their own momentum, meaning more and more money is likely to be flowing into cryptocurrencies in 2022.

Find Out: What Is Chainlink and Why Is It Important in the World of Cryptocurrency?

Some, and Perhaps Many, Cryptos Will Become Valueless

While general trends toward the acceptance of cryptocurrency seem to be increasing, with thousands of cryptos out there all competing for a space in the industry, it’s inevitable that some, if not many, will lose all of their value. Industry leader Bitcoin still has plenty of major investors lined up against it, suggesting that ultimately the value of Bitcoin will be $0. If the largest and most well-known cryptocurrency topples, there likely won’t be much support for the thousands of lesser cryptos that are not nearly as useful or accepted.

Take a Look: The 10 Wildest Things Selling as NFTs

The Bottom Line

Although cryptocurrencies have exploded in visibility and valuation, they’re still a long way from being used as mainstream currencies or sources of payment. Even if digital currencies do eventually supplant or at least co-exist with traditional paper currencies, it’s difficult for investors to predict exactly which cryptocurrencies will survive, let alone which one will be the dominant long-term player in the industry. Still, it seems quite likely that cryptocurrencies will continue to make gains in usage, visibility and even valuation in 2022. While not all of the predictions on this list will come to pass, it’s likely that at least a few of them will. If you want to participate in this emerging market, consult with your financial advisor to determine if cryptocurrency should play a role in your investment portfolio.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: Cryptocurrency Predictions for 2022

However, with thousands of coins in the market currently, the dominance of Bitcoin in the market has reduced. 

Investors are now seeking altcoins to provide formidable return multiples.

Below is a list of five of the best new cryptos to invest in 

Lucky Block - Overall Best Crypto to invest in 2022

Solana - One of the most bought cryptocurrencies last year

Basic Attention Token - One of the most promising projects for 2022

Cosmos - Crypto meant to explode in 2022

Shiba Inu - The best meme coin to invest in 2022

You can find an overview below of all the coins mentioned in this list here: 

>>>Buy the Best Crypto to Invest in 2022 Now<<<

1) Lucky Block

The first best crypto to invest in 2022 is perhaps Lucky Block. When looking at the coins you want to add to your portfolio, you need to evaluate the innovativeness to ensure that the coin has the potential for making future gains. Lucky Block has been created by an innovative team that ensures the project will achieve success in a highly competitive space.

At first, they started with their telegram group, which now has over 15.000 investors and is on the rise.

Lucky Block seeks to create a safe space for online gambling. Over the years, the internet boom has made it possible for gambling to become an online sensation. Players globally can access their favourite platforms and place their wagers. However, the fear of being scammed has remained a major concern, and this deters many from venturing into the sector.

This is where Lucky Block steps in. The project seeks to create a safe space for online gambling, allowing people to place highly risky bets without worrying about being duped. 

The Lucky Block project is based on Binance Smart Chain. This is one of the scalable networks in the market, and it seeks to enable projects to develop without worrying about the high transaction fees of lagging transactions on the network. 

Besides creating a safe space, Lucky Block also seeks to create a worldwide lottery platform where players are not restricted by their geographical locations or traditional financial systems. This brings transparency, fairness and convenience to online gaming and lottery. 

Lucky Block also has a strong working process that ensures the project's future is guaranteed. Each transaction carried out on the Lucky Block platform is charged a fee, wherein 4% goes to the Lottery Pool, another 4% goes to the Liquidity Pool, 3% goes towards NFT, and gaming royalty and 1% goes to token burning. This process ensures that an investor who purchases Lucky Block tokens can generate major returns in the future because of the innovativeness and dedication of the team behind the project. 

>>>Buy Lucky Block Now<<<

-----------------------------------------

2) Solana - New cryptocurrency network solving issues

The other best crypto to buy and invest in 2022 is Solana. Solana was launched in 2020, but it has grown to become one of the most popular and dominant blockchains in the market in just a few years.  

Solana operates through a proof-of-history (PoH) consensus. By taking this alternative route, the blockchain stands as one of the most scalable ones in the market. Solana currently ranks as the fastest blockchain in the market, as it is believed to process around 60,000 transactions per second (TPS). 

The TPS for the Solana blockchain is even higher than that of Visa, which makes this blockchain suitable for solving the issue of slow transactions in the traditional financial sector. 

The other area where the Solana blockchain also scores highly is in its adoption by decentralized finance (DeFi) projects and non-fungible tokens (NFTs). In August 2020, Solana was used in developing one of the popular NFT collections in the market, leading to the price of SOL increasing by almost eight times, which made it one of the top crypto to invest in 2021. 

The other factor to note about Solana is its growing total value locked (TVL). The network's adoption by developers has increased the demand for SOL tokens, and now, Solana ranks as one of the largest blockchains by total value locked. 

Additionally, Solana is believed to be one of the most formidable Ethereum killers. The network seeks to solve most of the issues faced on the Ethereum blockchain, such as high gas fees and slow speeds. By offering high speeds and low fees, Solana's adoption has continued to grow - EconomyWatch cites it as a firm favourite in its article on the best crypto exchange uk.

>>>Buy Solana (SOL) now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

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3) Basic Attention Token (BAT) - Behind the Brave browser

The other token on our list is Basic Attention Token (BAT). One of the factors one can evaluate when choosing the cryptocurrencies to have in a portfolio is whether the technological backing of these tokens matches the future changes in the crypto space and the entire tech sector. 

The BAT token is behind the Brave browser. Brave is a decentralized browser that gives users control over the content they consume. The token ranks among those with the most potential because the concept of decentralization is also becoming popular in online spaces such as social media. 

Analysts in the crypto space believe that Web 3 will be the next stage for the growth of the internet. Due to the functionality of the Brave browser, it is believed to be one of the main contributors of Web 3. The network can solve most, if not all, of the issues that users face when they are using browsers developed by Web 2 companies. 

A lot of early users of the Brave browser have also been early adopters of BAT, which made it one of the best crypto to invest.

The Brave browser tracks the time and attention consumers spend on websites listed on the browser. After that, the browser implements an efficient way of distributing the revenues between advertisers, publishers and other people that consume online content and ads. This gives people using the browser control over their interactions, which creates a decentralized online system. 

>>>Buy Basic Attention Token (BAT) Now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

------------------------------------------

4) Cosmos - Green Alternative to Bitcoin Mining

The other best cryptocurrency to buy is Cosmos, popularly known as ATOM. In fact, ATOM emerged as the best cryptocurrency to buy in 2022 because of the tremendous gains made by the token during the year of 2021. The gains are expected to continue into 2022 because of the innovative technology behind the coin.

Cosmos ranks as one of the best coins to buy in the market. Known as the green alternative to Bitcoin Mining, Cosmos has been gaining a lot of traction and popularity due to its proof-of-work which is meant to be connecting an ecosystem of blockchains.

People who were looking at how to Buy Bitcoin, are now seen looking at how to buy Cosmos.

Blockchain transactions become more expensive as more decentralized applications pop up, which use the same networks as Ethereum, Bitcoin and Polygon (MATIC). These D’apps involve such things as Play to Earn games, NFTs, and Bitcoin wallets. 

Furthermore, the Cosmos team comprises innovators that guarantee the project will emerge successful in the future. As such, the project has been under development over the past year and gained a lot of popularity. ATOM could be considered one of the best crypto to invest in 2022.

>>>Buy Cosmos (ATOM) now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

--------------------------------------

5) Shiba Inu - Best meme coin to invest in 2022

Shiba Inu is a meme token that has emerged as one of the best-performing tokens in the market. Shiba Inu emerged as the best cryptocurrency to invest in 2021 after making a notable bull run and recording staggering gains towards new all-time highs. 

Shiba Inu is one of the meme coins created out of inspiration from Dogecoin. Despite lacking a strong use case, Shiba Inu has emerged as one of the best cryptocurrency to buy, and it has amassed over one million token holders in such a short time. 

Meme coins usually derive their value from crypto market hype. In October 2021, Shiba Inu enjoyed much hype that led to the meme coin ranking among the top ten cryptocurrencies by market capitalization. While it has since slumped from these levels, the meme coin is still enjoying growing attention, given that it has not erased all of the gains made during its strong uptrend in October. 

Additionally, Shiba Inu boasts of having a stronger use case than most meme coins in the market. This is because of the ShibaSwap protocol. ShibaSwap is a DeFi project that allows SHIB holders to stake their tokens on the network and earn interest. ShibaSwap has become a preferable option by SHIB because instead of selling, they stake their tokens to earn more rewards. 

In 2021, Shiba Inu recorded increased adoption by being endorsed as a means of payment on different platforms. This helps to drive value and increase the token holders for this token. In 2021, the crypto market could record increased interest in meme coins, and as SHIB is one of the dominant players in the niche, the token could make notable gains, making it a best new cryptocurrency to invest in.

>>>Buy Shiba Inu now<<<

Disclaimer: Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Tax on profits may apply. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient's investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. 

Investing / Crypto

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Cryptocurrency might have started out as a Wild West of investing dominated by mavericks, but it’s now firmly in the financial mainstream. Institutional investors and big banks treat it as a serious asset despite recent volatility and regulatory crackdowns in China and elsewhere.

If you need evidence of how volatile, consider this: As of March 8, bitcoin’s value has ranged from a low of $28,893.62 to an all-time high of $68,789.63 over the past year.

Despite that volatility, many cryptocurrency investors remain on the lookout for the next big payoff. Keep reading to learn which cryptocurrencies might explode soon.

Which Cryptocurrency Is Set To Explode?

If you’re looking to start buying cryptocurrency, you might be wondering: Which one will bring the biggest potential return? Although bitcoin might be the obvious choice, it’s not necessarily the best one in 2022. Your chances of having a big payoff might be better with a smaller coin that hasn’t already been pumped up by institutional investors the way bitcoin has.

Here are six cryptos that still have a high ceiling.

1. Ethereum  (ETH)

Ethereum, commonly known as ether, is the world’s second-largest cryptocurrency behind bitcoin, even outperforming bitcoin recently in terms of price gains, CoinTelegraph reported. Last year, Ethereum instituted a major upgrade that included reducing the supply of ether, currently at 119.88 billion coins. The upgrade also allows the Ethereum network to handle more transactions per second, improve the platform’s scalability and lower transaction fees.

Compared to bitcoin, ethereum lacks scarcity — bitcoin supply is capped at 21 million coins — and widespread acceptance by companies and governments. However, unlike bitcoin, ethereum isn’t just a store of value. It’s also an infrastructure on which apps can be built. Other cryptocurrencies are issued on Ethereum, and it serves as the foundation of decentralized finance.

2. Binance Coin (BNB)

Binance is the most successful cryptocurrency exchange in terms of trading volumes. Like bitcoin, binance coin keeps a hard limit on the number of tokens in circulation — in its case, 165,116,761 tokens. This helped the token price increase exponentially in 2021. In addition, Binance puts about one-fifth of its profits each quarter into permanently getting rid of, or “burning,” BNB tokens, which raises the value of the remaining tokens.

Binance has two blockchains, which reduce the kind of bottlenecks Ethereum is vulnerable to. It’s also fast and scalable, and Binance is in the process of making the platform more regulator-friendly, according to Seeking Alpha — a feature that could be crucial to its longevity and widespread adoption. In addition, Binance is launching Bifinity, a fiat-to-cryptocurrency payment platform that will help merchants prepare to accept digital assets as payments, CoinMarketCap reported. The payment processing platform supports more than 50 cryptocurrencies.

3. Tether (USDT)

Tether is a type of “stablecoin” designed to provide a less volatile alternative to bitcoin because it is linked to another asset. In tether’s case, that asset is the U.S. dollar. In valuation terms, tether has a 1-to-1 ratio with the dollar, meaning it is less speculative than cryptos such as bitcoin and ether. With an $80.046 billion market cap, it’s the largest stablecoin and the third-largest coin overall.

The big advantage of tether is that it lets you make transactions in traditional currencies rather than having to dive into complex digital currencies. You can also lend it to cryptocurrency platforms in return for double-digit (annualized) interest rates without worrying about volatility erasing your earnings.

4. Decentraland (MANA)

Decentraland is a virtual reality game on the Ethereum blockchain that uses the MANA token as an in-game currency. Users can purchase goods and services, buy land and visit other players’ as well as create and monetize their own content. MANA’s current price of $2.38 represents a 543% increase from its 52-week low of about 37 cents.

MANA is the largest gaming cryptocurrency in terms of market cap. Although it does have competition from the likes of The Sandbox and Axie Infinity, and assets are quite expensive — the going rate for land is around $4,000, according to Benzinga — it has some benefits that could push the token forward. For example, users retain ownership of the digital assets they create in Decentraland and can convert them to cryptocurrencies other than MANA. 

5. Algorand (ALGO)

ALGO, founded by noted computer scientist Silvio Micali, has positioned itself as a competitor to the Ethereum blockchain. Hundreds of companies use it, according to Securities.io, and it got a huge lift last year when El Salvador said it would establish its blockchain infrastructure using Algorand. More recently, the venture capital firm Borderless Capital launched a $500 million fund to invest in digital assets that power decentralized applications on Algorand, Blockworks reported. The Marshall Islands’ central bank digital currency, Sovereign (SOV), also uses Algorand.

One of ALGO’s biggest advantages is its “proof-of-stake” algorithm, which offers a high degree of security and scalability and requires less electricity than Bitcoin and other platforms. This feature will only grow in importance as cryptocurrencies face more criticism — and possible regulation — for their massive energy consumption.

6. Solana (SOL)

Solana is a relative newcomer, launched a year ago to facilitate the creation of decentralized apps. By layering proof-of-history consensus with the underlying proof-of-stake consensus, Solana aims to improve scalability and make DeFi accessible on a larger scale, CoinMarketCap reported.

Solana is one of several “Ethereum killers” designed to improve on Ethereum by allowing faster, cheaper transactions. As such, it has a shot at competing successfully with bitcoin and ether as a form of payment, according to TheStreet.

How To Spot the Next Big Cryptocurrency

Before figuring out which cryptocurrency might be the next big winner, it helps to understand why so many investors are gravitating toward cryptocurrency in the first place. Much of it has to do with a fundamental change in how digital assets are perceived, said Jeff Dorman, chief investment officer at Arca, a financial services firm that specializes in digital assets.

“I believe we are in the early stages of a multi-decade secular shift towards digital assets, as the evolution from an analog to digital world has been transformed forever due to COVID-19,” Dorman told GOBankingRates in an email.

He says this asset class “has now evolved far beyond cryptocurrencies” to decentralized finance, nonfungible tokens and other investment vehicles.

Profit and Gains From Crypto

When trying to identify the next big cryptocurrency, two things to keep an eye on are similar to what a stock investor would keep an eye on: market capitalization and price.

Market cap shows how much has been invested in a specific network. As a general rule, the larger the market cap, the more stable the asset, though it also means the coin has less room to grow. It’s also important to keep an eye on the price to determine whether investors are bullish or bearish on the cryptocurrency.

Other Key Metrics

Here are a few other metrics that can help you evaluate a crypto:

• Volatility: The less volatile the price, the better for the crypto’s value to remain stable.
• 24-hour volume: The total dollar value of all transactions over the past 24 hours can help you determine a coin’s liquidity.
• Supply: As Bitcoin’s meteoric rise attests, scarcity can drive demand and prices. Increasing or infinite supply can have a dampening effect.

How Do I Buy Cryptocurrency?

Buying cryptocurrency is relatively easy. Here’s how to do it:

1. Open an Account With a Cryptocurrency Exchange or Broker

You’ll have to open a trading account, just like you would for stock trades. You can go through a cryptocurrency exchange like Coinbase, Binance.US and Gemini, which match buyers with sellers, or choose a broker like Robinhood and SoFi, which execute the trades for you. Exchanges typically have low fees, but they feature complicated interfaces. Brokers feature much simpler interfaces but might charge higher fees and offer a limited selection of coins.

2. Fund Your Account

Before you can trade crypto, you’ll need a way to pay for your purchases, such as a linked bank account, a wire transfer or a debit or credit card payment.

3. Place Your Cryptocurrency Order

Select the cryptocurrency you want to buy and indicate how many coins you want to purchase. To purchase fractional shares of cryptocurrency, specify a dollar amount instead of the number of coins.

GOBankingRates’ Crypto Guides

Daria Uhlig contributed to the reporting for this article.

Data is accurate as of March 8, 2022, and subject to change.

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* Prices do not include sales tax.

Bitcoin (BTC) is the grandaddy of cryptocurrencies and has produced truly incredible returns of almost 60,000,000% since it launched. However, it is slowing down in its old age and did not perform as well as many other top 300 cryptocurrencies by market cap in 2021.

That's not to say it performed badly. Bitcoin gained around 60% over the year, according to CoinMarketCap data. In spite of its volatility, it is increasingly viewed as a type of digital gold or a store of value. A store of value is something that won't lose its worth over time.

All cryptocurrencies carry risk, but Bitcoin is safer than many smaller coins. It has been around the longest and has made the biggest strides in terms of adoption. However, it isn't going to produce the same percentage gains as smaller coins.

These four cryptos all have potential to grow faster than Bitcoin in 2022. But don't ignore the crypto giant -- it still has a place in your portfolio.

1. Ethereum (ETH)

Ethereum was the first cryptocurrency to launch smart contract capabilities, which allowed applications to be built on its network. As a result, it is the cornerstone of the booming decentralized finance and non-fungible token (NFT) industry. Unfortunately, it's been the victim of its own success as the system suffers from high gas fees and network congestion.

It is in the process of an upgrade to Eth2, which is due to be finished in 2022. The upgrade is challenging -- it's a bit like trying to repair a car while it is still motoring along the highway. But if -- and it's a big if -- it can complete the upgrade on time and without any technical difficulties, we can expect strong growth from Ethereum in the year to come.

2. Polygon (MATIC)

Polygon is a layer 2 solutions aggregator for Ethereum. Layer 2 solutions essentially sit on top of the original blockchain and improve performance. In Ethereum's case, this can reduce gas fees and speed up transaction processing. Polygon solves an important problem facing many developers and traders on Ethereum's network.

Even once the Eth2 upgrade is completed, Ethereum's founder Vitalik Buterin says layer 2s will still have a crucial role to play in terms of scalability and interoperability. Plus, several big metaverse tokens -- such as The Sandbox (SAND) and Decentraland (MANA) -- are already partnering with Polygon. This is a good coin to put on your 2022 watchlist.

3. Cosmos (ATOM)

Other cryptos that could grow faster than Bitcoin this year are layer 1 networks. These networks went back to the drawing board and built new smart contract crypto ecosystems that are faster and cheaper by design. They don't need layer 2s to improve their performance.

Solana (SOL) is one that's shot to fame this year with a price increase of over 11,000%. And there are several others, including Cosmos, jostling for position. Cosmos is interesting because it's a programmable blockchain that's also focused on interoperability -- ensuring networks can talk to each other. Interoperability is likely to become more of an issue in 2022, making Cosmos a good altcoin to watch.

4. Audius (AUDIO)

Other cryptocurrency sectors that will likely grow faster than Bitcoin are decentralized networks with real world use cases. Audius is a good example. It's a decentralized music streaming platform that some say could be the next Spotify.

The idea is that musicians can upload their music directly to the platform and receive rewards. They don't need to use record labels or other platforms that take a big chunk of the proceeds. Audius announced a partnership with TikTok in August 2021 and also has some solid crypto backers.

Diversification is key

In truth, if the cryptocurrency industry continues to grow next year, there are many coins that will grow faster than the king of cryptos. Smaller coins simply have more growth potential percentage wise. But you should still own Bitcoin, especially if you're new to crypto investing.

Other cryptocurrencies come and go, but Bitcoin has the longest track record and is the most likely to survive a market crash. Our research showed that 136 cryptocurrencies that ranked in the top 300 at the start of the year have since fallen from grace. That means over 45% couldn't hold their top 300 position for a whole year. In contrast, Bitcoin has been at the top for over a decade.

We don't know what will happen to crypto in 2022. We may see prices drop on the back of heavy regulation. After the highs of 2021, the market could be due for a correction. The wider economy could tank, taking crypto with it. There's a lot of potential upside in crypto, but it's important to remember that prices can fall to zero.

One way to minimize your risk levels is to maintain a diversified portfolio. That means only putting a small percentage of your overall investments into crypto and keeping a balance of different types of coins in your crypto wallet. You might look at keeping Bitcoin along with a couple of layer 1s, layer 2s, metaverse, and web3 tokens.

It's understandable to be tempted to seek higher returns, and there are some exciting projects out there. Ultimately, only you know your financial goals and appetite for risk. Just don't forget about Bitcoin altogether.

1. Luckyblock - Overall Best Cryptocurrency to Buy in 2022
2. Shiba Inu - One of the Best-Performing Cryptocurrencies of the Year
3. Terra - Has a Habit of Outperforming Bear Markets
4. Yearn.finance - Strong Upward Momentum Moving into 2022
5. PancakeSwap - Huge Decentralized Exchange Platform That is Growing Exponentially

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Building a portfolio of cryptocurrencies this year could be a great way to outperform sluggish stock markets.

The challenging part is knowing which cryptocurrency to buy - not least because thousands of blockchain projects are now in existence.

To help you find the best cryptocurrency to invest in 2022 - this article explores five top-rated projects to consider.

5 of the Most Promising Cryptocurrency to Invest in 2022

The five best cryptocurrency to buy in 2022 are listed below.

1. Lucky Block - Overall Best New Cryptocurrency to Invest in 2022

2. Binance Coin - Digital Asset Backed by Largest Cryptocurrency Exchange

3. Shiba Inu - Most Popular Cryptocurrency to Buy This Year

4. Cosmos - Most Promising Cryptocurrency to Buy Right Now

5. Stellar - Cross-Border Payments Network Partnered With IBM

Before deciding which cryptocurrency to buy this year - consider reading our full analysis of the above digital tokens.

The Best New Cryptocurrency Projects 2022 - Analysis

In finding the best new cryptocurrency to invest in this year - we considered a wide variety of blockchain projects, market capitalizations, and roadmap targets.

You can review our list of the five best cryptocurrency to buy in 2022 in the sections below.

1. Lucky Block - Best New Cryptocurrency to Invest in 2022

Lucky Block is the best new cryptocurrency to buy in 2022 for several reasons. First and foremost, the Lucky Block network offers decentralized lottery games with no jurisdictional restrictions.

As such, unlike conventional lotteries which are typically only offered on a country-to-country basis, Lucky Block games can be accessed from virtually anywhere. Moreover, Lucky Block is a decentralized project - so no centralized operators are involved in its lottery outcomes.

This means that players get far more favorable odds and a much larger percentage of collected ticket proceeds are distributed to winning players. Most importantly, the outcome of each lottery game can be verified for its fairness - as smart contracts are responsible for governing the network.

Finally, Lucky Block was founded just a few months ago - so its native digital token can be purchased on a pre-sale basis. You simply need to head over to the Lucky Block pre-sale portal and exchange BNB for your desired number of tokens.

Buy Lucky Block at presale.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Binance Coin - Digital Asset Backed by Largest Cryptocurrency Exchange

Binance is a global cryptocurrency exchange with more than 100 million traders on its books. Its native currency - the Binance Coin (BNB), is now the third-largest when factoring in its $80+ billion market capitalization.

Since Binance Coin was launched, growth of over 10,000% has been returned. And as such, a mere investment of $1,000 back in 2017 would now be worth more than $100,000. The original use case for BNB was to allow Binance traders to reduce their commission.

Since then, a multitude of new use cases has been introduced. For instance, there are thousands of tokens listed on the Binance Smart Chain. And, to buy or sell any of these tokens - the user must pay for their transaction fees in BNB.It’s one of the best alternatives to buying bitcoin.

Buy BNB on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Shiba Inu - Most Popular Cryptocurrency to Buy This Year

Shiba Inu was launched in 2020 and could be described as a meme coin. This is because the project originally dubbed itself as a ‘Dogecoin Killer’ and thus - it offers little in the way of actual real-world usage.

However, don’t let this put you off - as Shiba Inu is one of the most successful cryptocurrencies of all time in terms of growth. That is to say, since its public listing in August 2020, the digital currency has grown to a multi-billion asset.

In turn, the value of one Shiba Inu token has increased by more than 70 million percent. Although growth of this magnitude is unlikely to be repeated, there is still a lot of hype surrounding this project.

Moreover, a mere investment of $100 would afford you over 5 million tokens, so Shiba Inu is also a super-cheap cryptocurrency to buy.

Buy SHIB on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Cosmos - Most Promising Cryptocurrency to Buy Right Now

Cosmos is working to become the go-to provider of blockchain interoperability services - so this digital asset could be the most promising cryptocurrency to buy right now. In its most basic form, interoperability allows two or more blockchains to collect and share data with one another.

For example, data from Ethereum could be shared with the Dogecoin blockchain in real-time. As of writing, 25+ blockchain networks are already using the interoperability capabilities that Cosmos offers - and more are expected throughout 2022.

Cosmos does, of course, also have its very own digital token - ATOM, that you can buy in just a few clicks. In terms of performance, CoinMarketCap notes an initial token value of $7.50 in 2019. Fast forward to early 2022 and the ATOM token is trading above $40.

Buy ATOM on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Stellar Lumens - Cross-Border Payments Network Partnered With IBM

The final project from our list of the five best cryptocurrency to buy in 2022 is Stellar Lumens. For those unaware, the network itself is known as Stellar, while its native digital currency is referred to as Lumens.

The main concept of this project is that it allows consumers and private businesses to transact internationally in a fast and cost-effective way. Transactions not only take a matter of seconds to process, but at a cost of just a small fraction of a cent.

Even more impressively is that this transactional feat can be achieved irrespective of which fiat currencies are being used. This is because Lumens acts as a bridge of liquidity for competing currencies.

Buy XLM on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy the Best New Cryptocurrency in 2022

In this section of our article, you will learn how to buy the best new cryptocurrency in 2022.

In following the simple walkthrough below - you will obtain your chosen digital asset at the click of a few buttons.

How to Buy Lucky Block

If like us - you believe that Lucky Block could be the best new cryptocurrency to invest in 2022 - you can purchase its token at pre-sale prices by following the step-by-step guide below.

1. Pre-Sale Launch - As long as you are investing before February 1st, 2022, you can access the Lucky Block pre-sale. This is facilitated directly on the project’s secure portal.

2. Unlock Wallet - Click on the ‘Unlock Wallet’ tab. Next, choose the wallet where you currently have an allocation of BNB tokens. Once connected, you can use your BNB balance to pay for your Lucky Block investment.

3. Specify Number of Tokens - From 0.16 BNB upwards, you can now enter the number of tokens that you wish to swap for Lucky Block.

4. Receive Lucky Block Tokens - After authorization of the transaction, BNB will be swapped to Lucky Block tokens in real-time. If you don’t see the Lucky Block purchase in your wallet, you can paste in the contract address.

How to Buy Cryptocurrency on eToro

The other projects that made our list of the best altcoins to buy today are available on a spread-only basis at regulated trading platform eToro.

1. Open eToro Account - First, click on the ‘Join Now’ button on eToro.com and open an account by filling in the registration form.

2. Deposit Money - You can deposit funds instantly with an e-wallet or credit/debit card.

3. Search for Cryptocurrency- Next, type in the name of the cryptocurrency you want to add to your portfolio.

4. Buy Cryptocurrency - Specify the amount you wish to invest (in USD) and click ‘Open Trade’ to complete the order.

Conclusion

This article has compiled a well-thought-out list of five top-rated digital assets. We concluded by noting that Lucky Block is arguably the best new cryptocurrency to buy in 2022.

As of writing, we are less than two weeks away from the conclusion of its pre-sale launch - whereby you can buy Lucky Block tokens at a discounted price.

As such, if you’re looking to invest in this new and exciting cryptocurrency - make sure you don’t miss out.

The other most promising cryptocurrencies to buy in 2022 we reviewed are listed on regulated crypto platform eToro.

Buy popular cryptocurrency on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Disclaimer: Please invest responsibly and at your own risk. Subject to applicable laws. Cryptocurrency is an unregulated digital asset; not a legal tender. Subject to market risks.

From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, which can make it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies based on their market capitalization, or the total value of all of the coins currently in circulation.

1. Bitcoin (BTC)

• Market cap: Over $846 billion

Created in 2009 by someone under the pseudonym Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.

Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy a Bitcoin for about $500. As of March 1, 2022, a single Bitcoin’s price was over $44,000. That’s growth of about 7,800%.

Related:How To Buy Bitcoin

2. Ethereum (ETH)

• Market cap: Over $361 billion

Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute should i buy bitcoin now august 2022 conditions are met and non-fungible tokens (NFTs).

Ethereum has also experienced tremendous growth. From April 2016 to the beginning of March 2022, its price went from about $11 to over $3,000, increasing more than 27,000%.

Related:How To Buy Ethereum

3. Tether (USDT)

• Market cap: Over $79 billion

Unlike some other forms of cryptocurrency, Tether is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.

4. Binance Coin (BNB)

• Market cap: Over $68 billion

The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.

Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange pvm money making guide. Now, it can be used for trading, payment processing or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

BNB’s price in 2017 was just $0.10. Should i buy bitcoin now august 2022 the beginning of March 2022, its price had risen to around $413, a gain of approximately 410,000%.

Related:How To Buy Cryptocurrency

5. U.S. Dollar Coin (USDC)

• Market cap: Over $53 billion

Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.

6. XRP (XRP)

• Market cap: Over $37 billion

Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.

At the beginning of 2017, the price of XRP was $0.006. As of March, 2022, its price reached $0.80, equal to a rise of more than 12,600%.

7. Terra (LUNA)

• Market cap: Over $34 billion

Terra is a blockchain payment should i buy bitcoin now august 2022 for stablecoins that relies on keeping a balance between two types of cryptocurrencies. Terra-backed stablecoins, such as TerraUSD, are tied to the value of physical currencies. Their counterweight, Luna, powers the the Terra platform and is used to mint more Terra stablecoins.

Terra stablecoins and Luna work in concert according to supply and demand: When a stablecoin’s price rises above its tied currency’s value, users are incentivized to burn their Luna to create more of that Terra stablecoin. Likewise, when its value falls compared to its base currency, this encourages users to burn their Terra stablecoins to mint more Luna. As adoption of the Terra platforms grows, should i buy bitcoin now august 2022, so too does the value of Luna.

From Jan. 3, 2021, when its price was $0.64, to the beginning of March 2022, Luna has risen over 14,200% to $92.

8. Cardano (ADA)

• Market cap: Over $33 billion

Somewhat later to the crypto scene, Cardano is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification present in platforms like Bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which are powered by ADA, its native coin.

Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of March 1, 2022, its price was at $0.99. This is an increase of 4,850%.

9. Solana (SOL)

• Market cap: Over $33 billion

Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. SOL, Solana’s native token, powers the platform.

When it launched in 2020, SOL’s price started at $0.77. By March 1, 2022, its price was around $101, a gain of nearly 13,000%.

10. Avalanche (AVAX)

• Market cap: Over $22 billion

Similar to Ethereum and Cardano, Avalanche provides blockchain software that can create and execute smart contracts powered by a native token (in this case, AVAX). Since its launch in 2020, If i buy 10 dollars worth of bitcoin has rapidly grown, thanks in no small part to its comparatively low gas fees and fast transaction processing speeds.

From July 12, 2020, to March 1, 2022, AVAX’s price has risen more than 1,840%, from $4.63 to $89.84.

*Market caps and pricing current as of March 1, 2022.

Crypto FAQs

1. Luckyblock - Overall Best Cryptocurrency to Buy in 2022
2. Shiba Inu - One of the Best-Performing Cryptocurrencies of the Year
3. Terra - Has a Habit of Outperforming Bear Markets
4. Yearn.finance - Strong Upward Momentum Moving into 2022
5. PancakeSwap - Huge Decentralized Exchange Platform That is Growing Exponentially

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Investing / Crypto

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Cryptocurrency is digital money that isn’t managed by a central system like a government. Instead, it’s based on blockchain technology, with bitcoin being the most popular one. As digital money continues to gain traction on Wall Street, more and more options become available. There are currently almost should i buy bitcoin now august 2022 cryptocurrencies on the market.

While you can how to make counterfeit canadian money cryptocurrency to make purchases, most people treat it as a long-term investment. However, volatility makes investing in cryptocurrency risky, so it’s important to know what you’re getting into before you buy in. These are eight top cryptocurrencies that are worthy of investment in 2022.

Top 8 Cryptocurrency Investments in 2022

1. Bitcoin (BTC)

Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it’s the leader, with a price and market cap that’s much higher than any other crypto investment options.

Many businesses already accept bitcoin as payment, which makes this cryptocurrency a smart investment. Visa, for example, transacts with bitcoin. Additionally, should i buy bitcoin now august 2022, Tesla announced in February 2021 that it had invested $1.5 billion in it, and for a time, the company accepted it as payment for its cars — and it might again if mining it becomes more environmentally friendly. Plus, the larger banks are beginning to incorporate bitcoin transactions into their offerings.

Risks of Investing In Bitcoin

The value of bitcoin tends to fluctuate a lot. You may see the price go up or down thousands of dollars during any month. If wild fluctuations like these make you nervous, you may want to avoid bitcoin. Otherwise, as long as you keep in mind that cryptocurrency could be a smart long-term investment, these fluctuations shouldn’t be too concerning.

Another reason to reconsider investing in bitcoin is its price. With a single bitcoin costing nearly $40,000, most people can’t afford to buy whole bitcoins. For investors who want to avoid buying a fraction of a bitcoin, this is a negative.

2. Ethereum (ETH)

Ethereum is different from bitcoin because it isn’t only a cryptocurrency. It’s also a network that allows developers to create their own cryptocurrency utilizing the network. While ethereum is far behind bitcoin in value, it’s also far ahead of the other competitors.

Even though it came out years after some other cryptocurrencies, it has far exceeded its place in the market because of its unique technology, and it’s currently the second-largest cryptocurrency behind bitcoin.

Risks of Investing In Ethereum

While the Ethereum platform utilizes blockchain technology, it only has one “lane” for conducting transactions. This can lead to transactions taking longer to process when the network is overloaded. Transaction fees are also high, reaching a peak of  $71.72 in Should i buy bitcoin now august 2022 2021, according to CoinMarketCap.

In 2016, a hack that took advantage of a security flaw led to the loss of more than $50 million worth of ether.

3. Binance Coin (BNB)

After years of relatively level prices, at least by cryptocurrency standards, binance coin took off at the beginning should i buy bitcoin now august 2022 2021, surging from about $38 on Jan. 1 of that year to an all-time high of $683 in May. As of March 8, it has slipped back to $382.91.

Because of its performance, binance coin has proven to be one of the more stable investment options. Binance is the world’s largest cryptocurrency exchange, according to CoinMarketCap, but despite its extensive functionality and the coin’s success in Binance sub-projects, binance coin is still a highly volatile investment.

Risks of Investing In Binance Coin

What sets binance coin apart from its competitors is that it was created by a company instead of a group of tech developers. Although binance coin’s commitment to maintaining a strong blockchain has won over many skeptics, should i buy bitcoin now august 2022, some investors remain leery of this cryptocurrency and its potential security issues.

4. Should i buy bitcoin now august 2022 (ADA)

The Cardano network has a smaller footprint, which is appealing to investors for several reasons. It takes less energy to complete a transaction on Cardano than on a larger network like Bitcoin. This means transactions are faster and cheaper. Last year, Cardano launched a “hard fork,” an upgrade that increased functionality — in this case, enabling smart contract deployment.

Cardano also claims should i buy bitcoin now august 2022 be more adaptable and more secure. It consistently improves its development to stay ahead of hackers.

Risks of Investing In Cardano

Even with a better network, cardano may not be able to compete with larger cryptocurrencies. Fewer adopters mean fewer developers, should i buy bitcoin now august 2022. This isn’t appealing to most investors who want to see a high adoption rate. The platform has big plans, but there are doubts about whether it can should i buy bitcoin now august 2022 up to that potential.

Advice

Don’t be discouraged by fluctuations in the market. Your investment may lose money one day and make a profit the next. Instead of getting caught up in the day-to-day changes, look at the big picture.

5. Polygon (MATIC)

Polygon was created by a development team that made significant contributions to the Ethereum blockchain platform. Polygon is designed for Ethereum scaling and infrastructure development, according to CoinMarketCap. As a “layer two” solution, it expands Ethereum into a multi-chain system, improving transaction and verification speed.

Polygon has backing from the Binance and Coinbase cryptocurrency exchanges. Its token, MATIC, is used for payment services, transaction fees and as a settlement currency.

Risks of Investing In Polygon

Late last year, Polygon disclosed that it had patched a vulnerability that put about $20 million worth of its coins at risk, CoinDesk reported. A hacker discovered the exploit and notified Polygon, which had a fix in place within two days. However, black-hat hackers had already stolen over 800,000 tokens, leaving Polygon on the hook for about $1.4 million.

6, should i buy bitcoin now august 2022. Solana (SOL)

Solana has taken the crypto world by storm, starting in 2021 with 0.01% of the market and soaring to a top 10 cryptocurrency by market cap by September 2021, giving its main competitor, ethereum, a run for its money. As of March 2022, solana ranks ninth in terms of market cap, which currently sits at $26.4 billion, according to CoinMarketCap. Its appeal lies in the speed and scalability of its network and the ease with which it can be used to create decentralized apps that run on a blockchain, Decrypt explained.

Risks of Investing In Solana

Solana has seen an astounding appreciation of nearly 4,000% over the past year, and prices could drop as quickly as they grew. Reliability might also be an issue, considering Solana suffered a nearly day-long outage due to “resource exhaustion,” according to Bloomberg, as reported by CNBC.

7. Avalanche (AVAX)

Avalanche is a new “layer one” blockchain — a blockchain that improves the base protocol to make the system more scalable, as Binance described it — founded as an Ethereum competitor by Ava Labs and computer scientists at Cornell University, one of whom, professor Emin Gun Sirer, is a should i buy bitcoin now august 2022 in cryptographic research, according to CoinMarketCap. Whereas Ethereum’s nodes must all validate each transaction, Avalanche’s three individual blockchains can validate transactions independently. This makes Avalanche more scalable and better able to handle large volumes of transactions — up to 6,500 per second. As a result, it’s increasingly popular among Ethereum projects, U.S. News reported.

AVAX began trading in 2020, in a 24-hour initial coin offering, should i buy bitcoin now august 2022. It price has fluctuated from a low of $9.34 to a high of $146.22 over the past year. The coin currently trades for $74.20.

Risks of Investing In Avalanche

Sirer introduced the cryptocurrency via a white paper in 2018. Its launch took place in 2020. With such a short history, avalanche doesn’t have a track record for comparison, making it a riskier investment for potential buyers.

8. Chainlink (LINK)

Chainlink uses a decentralized oracle network to facilitate secure interactions between blockchains and external data feeds, events and payment methods the developers hope will allow smart contracts to become the dominant form of digital payment, according to CoinMarketCap.

One thing working in Chainlink’s favor is a strategic partnership with Google under which Google uses Chainlink’s protocol to connect users to its cloud services, Benzinga reported. The project’s advisors include former Alphabet Chairman Eric Schmidt, DocuSign co-founder Tom Gonser and former LinkedIn CEO Jeff Weiner, according to Securities.io.

Risks of Investing In Chainlink

Despite its proven utility and support from major players, chainlink has experienced the same kind of volatility as other cryptocurrencies. Its price dropped from about $52 in May 2021 to just over $13 in March.

Advice

Don’t settle on any number of cryptocurrency investments without continuing to learn about the market. A new cryptocurrency network could easily climb the ranks and emerge as a leader above other platforms. As an investor, the smartest thing you can do is to stay abreast of market happenings.

Rating the Top Cryptocurrency Choices

Run a quick online search and you’ll find dozens of recommendations for how to invest in cryptocurrency. In choosing the top eight picks, should i buy bitcoin now august 2022, the following factors should i buy bitcoin now august 2022 considered.

Longevity

How long has the cryptocurrency been around? New cryptocurrencies aren’t immediately ruled out, but having historical data for comparison helps you see how a company has performed up until now.

Track Record

How has the company performed during its years in business? If you see stability in prices, that’s a good sign. If you notice that the cryptocurrency is gaining should i buy bitcoin now august 2022 and becoming more valuable with time, that’s even better.

Good To Know

Past performance is not indicative of future performance. At any time things can change, and an investment may perform better or worse than it has in the past.

Technology

How does the platform compare to others in terms of usability and security? The first thing you want to look for is the speed at which transactions occur. The network should be able to handle transaction traffic with ease.

You also want to make sure your investment is secure. Most cryptocurrencies use blockchain technology, making all transactions transparent and easy to track. Blockchain technology doesn’t necessarily make it harder for hackers to steal your cryptocurrency. It does make it easier to track your investment so it can be recovered instead of being lost following fraud.

Adoption Rate

How many people are investing in the cryptocurrency you’re considering? When you see a high level of adoption, that means the cryptocurrency has better liquidity. Trading, selling or spending will be easier in the future.

Final Take

There’s no question about it: Cryptocurrencies are here to stay. The question becomes, where is the best place to invest your money in the market?

As you decide which cryptocurrency is the best investment for you, here are some other things to keep in mind:

• The speed at which transactions are completed
• The fees associated with transacting
• The ability to use your cryptocurrency for regular purchases and bank transfers

If you’re strictly looking to invest without transacting within the network, remember that cryptocurrency isn’t a get-rich-quick scheme. Instead, you should consider it a long-term investment.

GOBankingRates’ Crypto Guides

Daria Uhlig contributed to the reporting for this article.

Data is accurate as of March 8, 2022, and subject to change.

Cryptocurrency has boomed in popularity over the past few years, to the point that the alternative investment class has essentially gone mainstream. While Bitcoin was the first and still remains the best-known cryptocurrency, literally thousands of other cryptos have entered the scene. Part of the reason for the hype surrounding the asset class is the tremendous returns that have been earned by some investors. Bitcoin, for example, was the best-performing asset from March 2011 to March 2021, with a staggering 230% annualized return. The next best-performing asset class over that time period was the Nasdaq-100 ETF, symbol QQQ, with “just” a 20% annualized return. But, what’s to come for the rapidly growing cryptocurrency market? Here’s a look at some of the most popular cryptocurrency predictions for 2022.

Options: 10 Cheap Cryptocurrencies To Buy
Consider: 8 Best Cryptocurrencies To Invest In for 2021

Ethereum May Overtake Bitcoin

Ethereum is not as widely known as Bitcoin, but it should be. Currently, Ethereum is the second-largest cryptocurrency, and its gains have been outpacing Bitcoin’s. If current trajectories continue, Ethereum may very well overtake Bitcoin as the most valuable cryptocurrency sometime in 2022. This might make Ethereum an interesting choice for investors looking to diversify their crypto portfolios away from simply owning Bitcoin.

Economy Explained: Ethereum: All You Need To Know To Decide If This Crypto Is Worth the Investment

Cryptos Will Become More Accepted as a Payment Source

One of the major bear cases against cryptocurrency is that it’s not accepted as a viable substitute for traditional currencies. If this scenario plays out, many cryptocurrencies may indeed become worthless. However, just the opposite has been happening in 2021, and the trend seems likely to continue into 2022. As more and more businesses begin accepting cryptocurrency like Bitcoin as legal tender, both the viability and the value of cryptos will likely increase.

Consider: Dogecoin: Is It Still Worth an Investment?

More Countries Will Adopt Crypto as Legal Currency

In September 2021, El Salvador became the first country to adopt Bitcoin as legal tender. Alexander Höptner, the CEO of the crypto exchange giant BitMEX, feels that five or more countries could follow suit in 2022 and adopt crypto as legal currency. If these adoptions prove to be successful, it’s likely that other countries may look into adopting crypto as well.

Do You Know? Where Does Cryptocurrency Come From?

Central Banks Will Issue Their Own Digital Currencies

China has been leading the push among nations to adopt its own central bank-issued digital currency, should i buy bitcoin now august 2022. In an effort to fend off threats from existing cryptocurrencies, many other countries are also looking into creating their own digital currencies. By managing and controlling their own digital currencies, countries can avoid the unregulated, decentralized nature of existing cryptocurrencies.

Beyond Bitcoin: Looking at Some Crypto Financial Jargon

Investors and Companies Alike May Raise Their Crypto Allocations

As cryptocurrency becomes more mainstream, it’s being adopted with more regularity into the portfolios of both individual investors and companies. Some financial advisors now recommend cryptocurrency allocations of a few percentage points, and more companies are allocating cash to cryptos and digital assets. These types of allocation shifts tend to take on their own momentum, meaning more and more money is likely to be flowing into cryptocurrencies in 2022.

Find Out: What Is Chainlink and Why Is It Important in the World of Cryptocurrency?

Some, and Perhaps Many, Cryptos Will Become Valueless

While general trends toward the acceptance of cryptocurrency seem to be increasing, with thousands of cryptos out there all competing for a space in the industry, it’s inevitable should i buy bitcoin now august 2022 some, if not many, will lose all of their value. Industry leader Bitcoin still has plenty of major investors lined up against it, suggesting that ultimately the value of Bitcoin will be $0. If the largest and most well-known cryptocurrency topples, there likely won’t be much support for the thousands of lesser cryptos that are not nearly as useful or accepted.

Take a Look: The 10 Wildest Things Selling as NFTs

The Bottom Line

Although cryptocurrencies have exploded in visibility and valuation, they’re still a long way from being used as mainstream currencies or sources of payment. Even if digital currencies do eventually supplant or at least co-exist with traditional paper currencies, it’s difficult for investors to predict exactly which cryptocurrencies will should i buy bitcoin now august 2022, let alone which one will be the dominant long-term player in the industry. Still, it seems quite likely that cryptocurrencies will continue to make gains in usage, visibility and even valuation in 2022. While not all of the predictions on this list will come to pass, should i buy bitcoin now august 2022, it’s likely that at least a few of them will. If you want to participate in this emerging market, consult with your financial advisor to determine if cryptocurrency should play a role in your investment portfolio.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: Cryptocurrency Predictions for 2022

Building a portfolio of cryptocurrencies this year could be a great way to outperform sluggish stock markets.

The challenging part is knowing which cryptocurrency to buy - not least because thousands of blockchain projects are now in existence.

To help you find the best cryptocurrency to invest in 2022 - this article explores five top-rated projects to consider.

5 of the Most Promising Cryptocurrency to Invest in 2022

The five best cryptocurrency to buy in 2022 are listed below.

1. Lucky Block - Overall Best New Cryptocurrency to Invest in 2022

2. Binance Coin - Digital Asset Backed by Largest Cryptocurrency Exchange

3. Shiba Inu - Most Popular Cryptocurrency to Buy This Year

4. Cosmos - Most Promising Cryptocurrency to Buy Right Now

5. Stellar - Cross-Border Payments Network Partnered With IBM

Before deciding which cryptocurrency to buy this year - consider reading our full analysis of the above digital tokens.

The Best New Cryptocurrency Projects 2022 - Analysis

In finding the best new cryptocurrency to invest in this year - we considered a wide variety of blockchain projects, market capitalizations, and roadmap targets.

You can review our list of the five best cryptocurrency to buy in 2022 in the sections below.

1. Lucky Block - Best New Cryptocurrency to Invest in 2022

Lucky Block is the best new cryptocurrency to buy in 2022 for several reasons. First and bitcoin investment companies in ghana, the Lucky Block network offers decentralized lottery games with no jurisdictional restrictions.

As such, unlike conventional lotteries which are typically only offered on a country-to-country basis, Lucky Block games can be accessed from virtually anywhere. Moreover, Lucky Block is a decentralized project - so no centralized operators are involved in its lottery outcomes.

This means that players get far more favorable odds and a much larger percentage of collected ticket proceeds are distributed to winning players. Most importantly, the outcome of each lottery game can be verified for its fairness - as smart contracts are responsible for governing the network.

Finally, Lucky Block was founded just a few months ago - so its native digital token can be purchased on a pre-sale basis. You simply need to head over to the Lucky Block pre-sale portal and exchange BNB for your desired number of tokens.

Buy Lucky Block at presale.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Binance Coin - Digital Asset Backed by Largest Cryptocurrency Exchange

Binance is a global cryptocurrency exchange with more than 100 million traders on its books. Its native currency - the Binance Coin (BNB), is now the third-largest when factoring in its $80+ billion market capitalization.

Since Binance Coin was launched, growth of over 10,000% has been returned. And as such, a mere investment of $1,000 back in 2017 would now be worth more than $100,000. The original use case for BNB was to allow Binance traders to reduce their commission.

Since then, a multitude of new use cases has been introduced. For instance, there are thousands of tokens listed on the Binance Smart Chain. And, to buy or sell any of these tokens - the user must pay for their transaction fees in BNB.It’s one of the best alternatives to buying bitcoin.

Buy BNB on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Shiba Inu - Most Popular Cryptocurrency to Buy This Year

Shiba Inu was launched in 2020 and could be described as a meme coin. This is because the project originally dubbed itself as a ‘Dogecoin Killer’ and thus - it offers little in the way of actual real-world usage.

However, don’t let this put you off - as Shiba Inu is one of the most successful cryptocurrencies of all time in terms of growth. That is to say, since its public listing in August 2020, the digital currency has grown to a multi-billion asset.

In turn, the value of one Shiba Inu token has increased by more than 70 million percent. Although growth of this magnitude is unlikely to be repeated, there is still a lot of hype surrounding this project.

Moreover, a mere investment of $100 would afford you over 5 million tokens, so Shiba Inu is also a super-cheap cryptocurrency to buy.

Buy SHIB on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Cosmos - Most Promising Cryptocurrency to Buy Right Now

Cosmos is working to become the go-to provider of blockchain interoperability services - so this digital asset could be the most promising cryptocurrency to buy right now, should i buy bitcoin now august 2022. In its most basic form, interoperability allows two or more blockchains to collect and share data with one another.

For example, data from Ethereum could be shared with the Dogecoin blockchain in real-time. As of writing, 25+ blockchain networks are already using the interoperability capabilities that Cosmos offers - and more are expected throughout 2022.

Cosmos does, of course, also have its very own digital token - ATOM, should i buy bitcoin now august 2022, that you can buy in just a few clicks. In terms of performance, CoinMarketCap notes an initial token value of $7.50 in 2019. Fast forward to early 2022 and the ATOM token is trading above $40.

Buy ATOM on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Stellar Lumens - Cross-Border Payments Network Partnered With IBM

The final project from our list of the five best cryptocurrency to buy in 2022 is Stellar Lumens. For those unaware, the network itself is known as Stellar, while its native digital currency is referred to as Lumens.

The main concept of this project is that it allows consumers and private businesses to transact internationally in a fast and cost-effective way. Transactions not only take a matter of seconds to process, but at a cost of just a small fraction of a cent.

Even more impressively is that this transactional feat can be achieved irrespective of which fiat currencies are being used. This is because Lumens acts as a bridge of liquidity for competing currencies.

Buy XLM on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy the Best New Cryptocurrency in 2022

In this section of our article, you will learn how to buy the best new cryptocurrency in 2022.

In following the simple walkthrough below - you will obtain your chosen digital asset at the click of a few buttons.

How to Buy Lucky Block

If like us - you believe that Lucky Block could be the best new cryptocurrency to invest in 2022 - you can purchase its token at pre-sale prices by following the step-by-step guide below.

1. Pre-Sale Launch - As long as you are investing before February 1st, 2022, you can access the Lucky Block pre-sale. This is facilitated directly on the project’s secure portal.

2. Unlock Wallet - Click on the ‘Unlock Wallet’ tab. Next, choose the wallet where you currently have an allocation of BNB tokens. Once connected, you can use your BNB balance to pay for your Lucky Block investment.

3. Specify Number of Tokens - From 0.16 BNB upwards, you can now enter the number of tokens that you wish to swap for Lucky Block.

4. Receive Lucky Block Tokens - After authorization of the transaction, BNB will be swapped to Lucky Block tokens in real-time. If you don’t see the Lucky Block purchase in your wallet, you can paste in the contract address.

How to Buy Cryptocurrency on eToro

The other projects that made our list of the best altcoins to buy today are available on a spread-only basis at regulated trading platform eToro.

1. Open eToro Account - First, click on the ‘Join Now’ button on eToro.com and open an account by filling in the registration form.

2. Deposit Money - You can deposit funds instantly with an e-wallet or credit/debit card.

3. Search for Cryptocurrency- Next, type in the name of the cryptocurrency you want to add to your portfolio.

4. Buy Cryptocurrency - Specify the amount you wish to invest (in USD) and click ‘Open Trade’ to complete the order.

Conclusion

This article has compiled a well-thought-out list of five top-rated digital assets. We concluded by noting that Lucky Block is arguably the best new cryptocurrency to buy in 2022.

As of writing, we are less than two weeks away from the conclusion of its pre-sale launch - whereby you can buy Lucky Block tokens at a discounted price.

As such, if you’re looking to invest in this new and exciting cryptocurrency - make sure you don’t miss out.

The other most promising cryptocurrencies to buy in 2022 we reviewed are listed on regulated crypto platform eToro.

Buy popular cryptocurrency on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Disclaimer: Please invest responsibly and at your own risk. Subject to applicable laws. Cryptocurrency is an unregulated digital asset; not a legal tender. Subject to market risks.