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As 2022 approaches, a common question that has become relevant for all potential investors is that which cryptocurrency will yield the most returns. Aspiring investors look for affordable yet potential cryptocurrencies to invest in. The popularity of digital currencies is increasing with growing institutional adoption in 2021. The year 2022 will bring more opportunities that might help investors gain good returns. Owning multiple cryptos will help investors maximize their investments and will also diversify their investment portfolios. But it is also imperative for them to understand the risks involved in the crypto market and invest according to their budgets. In this article, we have listed the top 10 affordable cryptos for investors to invest in this weekend to gain maximum profits in 2022.
Market Cap: US$23.801 billion
Shiba Inu was created anonymously in August 2020 under the pseudonym 'Ryoshi.' The crypto was relatively unknown until a cryptic tweet from Elon Musk depicting the Shiba Inu dog. Since then, the crypto has gained massive support online from crypto investors. So much so, that recently, there was an online petition on Change.org that called for Shiba Inu to be listed in the Robinhood trading exchange.
Market cap: US$29.157 billion
Even though DOGE had a shady past, it has been on the rise lately. Dogecoin is one of the most popular meme coins in the crypto industry that was launched in 2013. Investors of this meme coin have seen massive changes in the coin lately. A few months ago, the SpaceX CEO Elon Musk shared an updated picture of his Shiba Inu puppy Floki, which has a positive impact on the coin's market value.
Market cap: US$51.607 billion
Because of its flexible network and fast transactions, Cardano is expected to remain one of the most popular cryptocurrencies in the market. It is one of the fastest-growing proof-of-stake blockchain platforms that has been climbing up the crypto popularity ladder since its creation in 2015. Its chief selling points are its scalability, interoperability, and sustainability.
Market cap: US$74.141 billion
The Tether stablecoin is one of the top preferences for several new investors who want to steer clear of the crypto market volatility. The crypto is pegged to the US dollar, which makes it more than stable than other cryptos. It can be easily transferred between exchanges or people, instead of transferring money through banks. Tether is used to hold money on exchanges when the traders feel that the market is extremely volatile.
Market cap: US$35.774 billion
Polkadot is a next-generation platform that introduces a new era in the scalability of cryptos by connecting blockchains and enabling cross-blockchain parachains. DOT has the fast-growing user buzz that makes it one of the most anticipated projects in the industry. It is the undisputed champion in the altcoin era and has several profitable prospects for its investors.
Market cap: US$7.538 billion
VeChain is the perfect choice for investors who are looking for affordable, yet potential cryptocurrencies. It is the currency of the VeChain Thor blockchain, which is used to transfer value across the blockchain. The VeChain Thor blockchain facilitates the management of supply chains and other business processes with the help of its technology.
Market cap: US$11.633 billion
Chainlink is a blockchain abstraction layer founded in 2017 that enables universally connected smart contracts. It can integrate third-party data into smart contracts. Additionally, through a decentralized oracle network, Chainlink allows blockchains to interact securely with external data feeds, events, and payment methods.
Market cap: US$46.12 billion
XRP allows financial institutions to transfer money with affordable fees and minimum delay, attracting many major banks from around the world. Even though XRP has remained on the sidelines, for the most part, its price value started surging around April 2021. XRP is one of the most popular cryptos in the market and might prove profitable in the future of its investors.
Market cap: US$14.554 billion
Polygon is Ethereum-compatible blockchain interoperability and scaling platform. It is a framework for creating interlinked blockchain networks. It uses a transformative sidechain solution to overcome some of Ethereum's major shortcomings. The Polygon project is a recent attempt at blockchain interoperability and scaling and might involve several transformations in the future.
Market cap: US$3.85 billion
EOS smart contract platform aims to execute millions of transactions per second while also eliminating transaction fees. EOS provides secure access and authentication, permissions, data hosting's, use control, and App-to-internet connectivity.
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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.
