Read through this guide to get an idea of the best cryptocurrencies to buy in the US in 2022 and beyond.
American corporations have been at the forefront of cryptocurrency adoption. From Tesla to MicroStrategy, they are all going heavy on crypto. As an investor looking for the next big thing to invest in, the moves big companies are making may have got you interested in cryptocurrencies.
In this guide, we discuss the best cryptocurrencies to buy and invest in the US in 2022 – all of which offer attractive upside potential.
Virtual currencies are highly volatile. Your capital is at risk.
Below you will find a list of the top 10 best cryptocurrencies to buy in the US today.
Virtual currencies are highly volatile. Your capital is at risk.
There are more than ten thousand cryptocurrencies in the market today, and new ones are coming up daily. Choosing the best cryptocurrencies to invest in can be challenging in such a saturated market.
You have to analyze each cryptocurrency on critical metrics such as market capitalization, core functionalities, and the community, among other factors.
With proper research, you should be able to buy high-growth cryptocurrencies at a price that is more likely to give good returns in the future.
With that in mind, the sections below offer a full analysis of the overall top cryptocurrencies to buy in the US in 2022.
The top cryptocurrency to buy in the US is Dogecoin. It may be a meme coin, but DOGE ranks as the most trending cryptocurrency today.
Dogecoin has proven to be a cryptocurrency that increases investors' wealth. Consider that between 2020 and mid-2021, Dogecoin went up by more than 12,000%.
Since then, Dogecoin has been on a downward spiral and largely underperformed the broader market. Currently, Dogecoin is down by 82% from its 2021 all-time highs. This makes Dogecoin a highly undervalued cryptocurrency to buy now when the risk/reward ratio is at its best.
Besides, the factors that triggered Dogecoin's rally in 2021 are still there, and can even be said to have gotten better.
Dogecoin's rally in 2021 was fueled by a series of DOGE focused tweets by U.S. tech-billionaire Elon Musk. Musk's influence saw sports teams like the Dallas Mavericks start accepting Dogecoin payments. Musk's company, Tesla, now also accepts Dogecoin payments.
However, the most significant factor that makes Dogecoin the top crypto to invest in now in the U.S. is that Musk has bought Twitter. Before his Twitter takeover, he was proposing that Twitter accept Dogecoin payments. Now that he is taking Twitter private, there is a good chance that he could make moves that are favorable to Dogecoin in 2022 and beyond.
With Musk's influence, growing adoption, and heavily depressed prices, Dogecoin looks like the perfect cryptocurrency to buy in the U.S. in 2022. Once the entire cryptocurrency market turns bullish again, DOGE could easily be 3x in value.
Despite the current market environment, the DOGE crypto has the potential to recover any time soon and it might be not too late to buy Dogecoin this year.
Virtual currencies are highly volatile. Your capital is at risk.
Shiba Inu is next on the top cryptocurrencies to consider in the US in 2022. Shiba Inu is also one of the best performing and the most popular cryptocurrency in the USA.
SHIB hit the market in August 2020, and by November 2021, it was up by more than 40,000,000%. This performance saw it shoot from obscurity to become a top 20 crypto.
However, like the rest of the market, things haven't been rosy for Shiba Inu in 2022. Shiba Inu is down by 77% from its all-time highs, making it a relatively low-risk buy for anyone with a long-term view of the market.
Interestingly, Shiba Inu's core fundamentals have improved even as the price corrects. For instance, since the last time it last made an all-time high, Shiba Inu has launched a DEX, a layer-2 solution, and a Metaverse. Shiba Inu is also pushing on with the token burn. These factors add to Shiba Inu's intrinsic value, but they also could add to the hype in the next bull cycle. Those reasons make SHIB a perfect cryptocurrency to buy and hold in 2022.
As per Shiba Inu price predictions, the SHIB meme coin is expected to increase by over 1750% in the next five years, according to experts. And because the Shiba Inu coin dropped down in the current overall bear market, it could be a great time to enter now and hold for the next few years.
Virtual currencies are highly volatile. Your capital is at risk.
Another popular cryptocurrency to consider buying in the US is ApeCoin.
ApeCoin is only two months old but it is already taking the market by storm. When ApeCoin launched in March, it was instantly listed by all top cryptocurrency exchanges. This saw APE briefly outperform the market before a correction followed. ApeCoin then regained upside momentum driven by the Otherside Metaverse launch.
However, bogged down by the bear trend in the broader cryptocurrency market, ApeCoin is currently down by 68% from its most recent high. This makes it a highly undervalued cryptocurrency to buy in the U.S. in 2022.
While it has taken a beating, thanks to market price action, ApeCoin remains one of the cryptocurrencies that have a lot going for them fundamentally. The hype around the Bored Ape NFTs, coupled with the Metaverse, put ApeCoin right in the middle of the fast-growing NFTs space.
With most analysts projecting that the Metaverse could become a multi-trillion market, ApeCoin is a cryptocurrency that could increase by over 150% in 2022. According to ApeCoin price prediction, the coin is expected to hit above the $100 mark by the end of the current year.
Virtual currencies are highly volatile. Your capital is at risk.
Next on the list of the best cryptocurrencies to trade in the USA in 2022 is XRP.
XRP was hot back in 2017, thanks to the backing of Ripple, a fast-growing U.S. Fintech company. However, this association with Ripple caused problems for XRP in 2020. That's after the S.E.C. went after Ripple and its founders for issuing illegal securities. This hit XRP hard, and the price is yet to recover to 2017 highs.
It's not all doom and gloom for XRP, though. Many analysts project that there is a high chance that Ripple could win against the S.E.C. If it does, the excitement could trigger a rally that could see XRP blow through its all-time highs in 2022. Evidence of this is the pumps that XRP experienced in 2021 whenever the Ripple team made even the tiniest of wins against the S.E.C.
Besides, XRP adoption continues to grow even as the case drags on. In Asia, several banks use Ripple services, including using XRP for cross-border payments. It's an indicator of XRPs underlying strength in the cross-border payments market. This adoption, despite the challenges, also makes XRP one of the most undervalued cryptocurrencies to buy in the US in 2022.
Virtual currencies are highly volatile. Your capital is at risk.
Another top project to check out in our list of the best cryptocurrencies to buy in the US 2022 is Ethereum.
Ethereum easily makes the cut because it is one of the fundamentally strongest cryptocurrencies in the market today. This is all thanks to its dominance in the smart contracts space. The majority of crypto tokens today run on Ethereum's ERC-20 standard. This means there is a consistent and growing demand for ETH as its ecosystem of projects continues to grow.
Besides, Ethereum is a pretty forward-looking cryptocurrency. Over the past five years, Ethereum has experienced serious scaling issues that have led to an upsurge in gas fees. Ethereum sorts to remedy this by shifting to Proof-of-Stake, and the process is almost complete.
Once the merge happens and Ethereum starts running as Eth 2.0, most transactions will be completed off-chain by layer-2 scaling solutions. This will drive costs lower and make Ethereum more attractive to developers. The transition also makes Ethereum deflationary, which is a plus in terms of Ethereum's long-term value appreciation.
Aside from these improving fundamentals, Ethereum is one of the most undervalued cryptocurrencies at the current price. Since hitting an all-time high of $4800 back in November 2021, Ethereum has dropped by over 60%.
Given its growing fundamentals and the price correction, it is not hard to see why Ethereum is one of the top cryptocurrencies to invest in the U.S. this year.
As of writing, you can buy this top-rated cryptocurrency at a heavily discounted price compared to its peak price.
Virtual currencies are highly volatile. Your capital is at risk.
Bitcoin is the largest cryptocurrency by market cap, and can't miss among the best cryptocurrencies to buy in the U.S.A. in 2022.
One thing that puts Bitcoin among the top cryptocurrencies to buy now is its recognition. Bitcoin was the first cryptocurrency to enter the market. It has also dominated the market since cryptocurrencies became a thing. Today, many people have no clue about cryptocurrencies but have heard of Bitcoin through the media. This recognition puts Bitcoin at the forefront of adoption as the cryptocurrency market goes mainstream.
Bitcoin is already the most adopted of all cryptocurrencies. For instance, two countries now accept Bitcoin as legal tender, and many more are signaling their intention to accept Bitcoin as a currency.
Many institutions are also taking up Bitcoin as an investment. For instance, Tesla, and MicroStrategy, two top listed U.S. companies, now have BTC in their portfolio. Even with this growing adoption, Bitcoin's price has been depressed for most of 2022.
Currently, Bitcoin is down by more than 50% from its all-time highs. This makes it a highly undervalued cryptocurrency asset.
Despite all the ups and downs in BTC trading history, analysts think Bitcoin price prediction will hit the $100,000 mark in 2022 and could grow further in the long term. And as such, this makes it one of the most popular cryptos in the buy in 2022.
Virtual currencies are highly volatile. Your capital is at risk.
Another cryptocurrency to watch closely in our list of the top cryptos to buy in the US is Terra LUNA.
Terra is a relatively new cryptocurrency. However, it has shot up to become one of the top cryptocurrencies in the algorithmic stable coins space. Some of the top algorithmic stable coins on Terra, such as USD Terra (UST), are now amongst the largest cryptocurrencies by market capitalization.
Terra stable coins are growing fast in adoption because of their advantages in the payments space. That's because, while they can be used for everyday transactions like ordinary fiat, Terra stable coins are censorship-resistant, thanks to blockchain technology.
Growth in algorithmic stable coins is an advantage for anyone invested in LUNA tokens. That's because LUNA is the token used to keep Terra stable coins stable. The more these stable coins are adopted, the higher the value of LUNA goes.
This is evident in Terra's price prediction and action for most of 2022. In Q1 of 2022, LUNA went on to retest its all-time highs at a time when most cryptocurrencies were still strongly bearish. As adoption grows, LUNA has the potential to retest its all-time highs faster than any other cryptocurrency.
LUNA is now close to 50% off its most recent highs, and makes sense as a top cryptocurrency to buy in the US in 2022.
Virtual currencies are highly volatile. Your capital is at risk.
Avalanche is another cryptocurrency to watch when looking for popular cryptocurrencies to buy in the U.S. right now.
Avalanche is less than 3-years old but has emerged as one of the top cryptocurrencies that could beat Ethereum in 2022.
Avalanche's growing acceptance as a launchpad for Dapps has a lot to do with its low transaction fees and scalability. Avalanche transaction fees are in pennies per transaction, and the throughput can go as high as 4500 transactions per second.
These features have driven up adoption, and Avalanche now ranks highly in Total Locked Value. Despite this growing adoption, Avalanche is not immune to broader market movements.
For most of 2022, the cryptocurrency market has been bearish, and Avalanche has not been spared. Today, Avalanche is down by more than 50% from its most recent highs. Going by its fundamentals, this price correction makes AVAX one of the most promising cryptocurrencies to buy in the US in 2022.
Once bullish momentum returns to the market, AVAX is a top cryptocurrency that can 3x your money easily.
Virtual currencies are highly volatile. Your capital is at risk.
This list of the most popular cryptocurrencies in the U.S can't be complete without Cardano.
Cardano is one of the top Ethereum competitors gaining adoption in the Dapps market. Cardano's edge in the platform blockchain space is in its security.
Cardano security comes from the progressive nature of its Ouroboros Proof-of-Stake algorithm. Ouroboros is peer-reviewed and proven to be secure. It is also one of the few platform blockchains with a strong balance between decentralization, security, and scalability.
Besides this strength in its core protocol, Cardano recently introduced smart contracts, and projects are already built on top of Cardano. For instance, there is a Metaverse platform already built on top of Cardano.
With all this growing adoption and its technical capabilities, Cardano's prospects for growth are high. Cardano is a highly undervalued cryptocurrency at current prices, given that it is trading at over 50% from its all-time highs.
Once the market turns bullish again, Cardano could do well. It's undoubtedly one of the top cryptocurrencies to buy in the U.S. in 2022.
Virtual currencies are highly volatile. Your capital is at risk.
The final project of the best cryptocurrencies to buy in the US today is Solana.
Solana shot up in popularity in 2021 and saw widespread adoption in DeFi and NFTs. This is due to Solana's unrivaled scalability. Solana has the capability to hit up to 50k transactions per second, with transaction costs as low as $0.001.
But even with such technical strengths, Solana's fortunes have not been that good since Q4 of 2021. This is due to weakness in the broader cryptocurrency market and Solana's network outage issues.
The good news is that Solana seems to have gotten over the worst, and the network has been stable for most of 2022.
Due to this, Solana is one of the best cryptocurrencies in the US to consider right now. As such, you can now get your hands on this popular coin and hold for the long run.
Virtual currencies are highly volatile. Your capital is at risk.
This market insight has discussed the top 10 best cryptocurrencies to buy in the USA in 2022 at a very discount right now. Those digital assets are listed on the top crypto exchanges.
We found Dogecoin, Shiba Inu, and ApeCoin are among the highest potential cryptocurrencies to buy in the US in 2022. These three have the hype factor to them, and adoption is rising – especially when you consider that those projects are among the best in terms of profitable growth.
Besides, these cryptocurrencies are trading at a discount of over 50% from their all-time highs. This means that based on today's prices, you can buy and invest in these top projects at a highly attractive entry price.
Virtual currencies are highly volatile. Your capital is at risk.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.