.png){kind=logo}
The crypto market has had a wild rise in 2021. From increased institutional and retail adoption to China banning all crypto transactions, no other high-end investment asset class has drawn so much attention as cryptocurrencies. Throughout the year, major digital currencies like Bitcoin, Ethereum, and Solana kept hitting all-time highs and drove the total value of the crypto market to new highs! Individuals who are considering diversifying their investment portfolios are considering cryptocurrencies as their ultimate option. The top cryptocurrencies offer maximum gains and have greater utility in the financial market. In this article, we have listed the top 10 best cryptos for 2022 that are heading towards the future with great growth potential.
Bitcoin is the oldest and the most popular cryptocurrency in the market, which is also responsible for the enormous market transition in 2021. Investing in BTC has its perks, but it also has its downsides. It has the advantage of being the first mover in the market but is also known for its volatility. Nonetheless, BTC saw the highest institutional and national adoption in 2021.
Ethereum is known to be the biggest rival of Bitcoin. Its native token ETH is a primary option for investment for several crypto traders due to its smart contract functionality. Ether is also capable of creating brand new cryptos with its ERC-20 network. Currently, investors are quite excited about ETH's launch of the ETH 2.0 upgrade, which will solve several network issues faced by investors currently.
Avalanche is a rising star in the smart contract arena. Its native token AVAX can be used both as a part of the avalanche consensus mechanism and for paying network transaction fees. In August 2021, the crypto launched the Avalanche Rush Program to encourage more applications to move into the avalanche ecosystem, which was successful in creating crypto projects like Aave, and Curve.
Polkadot is a blockchain of the parachain variety. It has several connected blockchains with their own functions, but these networks work together. The main reason why investors are excited about the rise of Polkadot is that it allows users to talk to Ether and various other blockchains.
Solana has been a top performer among major cryptos in 2021. It is widely touted as a rival to Ethereum, but its recent success in achieving the position of the fifth-largest crypto in the market has made experts believe that it has more growth potential in the future. SOL was created to support decentralized finance use cases, decentralized apps, and smart contracts.
Terra was founded in 2018 and released its crypto coin LUNA in the market in 2019. Since its inception, it has overtaken many traditional cryptocurrencies. At one point, Terra saw a 25-30% rise in value within just a week, which proves that compared to its past, its present trajectory looks more convincing.
Dogecoin was created in 2013 by two software engineers as a meme coin. But this meme coin has taken the internet by storm. It was derived from the open-source software project Litecoin. DOGE gained prominence after Elon Musk's tweet about the crypto earlier this year.
Cardano's biggest attribute is the way it is being built. It has laid out a roadmap of five stages as its primary goal. Cardano has been consistently one of the top 10 cryptocurrencies in the market.
Decentraland is one of the most interesting cryptos in the market. The players in this 3D virtual world rely on crypto-based assets for buying and selling land and objects. Its token MANA was released in 2017 and has recently gained huge prominence.
Ripple (XRP) is one of the shiniest tokens sitting at the top of the altcoin pyramid and has shown an increase of 377% all around the year. Even though it is one of the fewer tokens that has seen massive growth rates, investors have high hopes for this crypto's future.
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.
