Most of the cryptocurrencies are seeing a rally in the December drop, and soon there may be an uptrend in the market as in Q3 and early Q4 2021. But this will depend on which cryptocurrency one will invest in. Let’s see why these 5 cryptocurrencies are the best to invest in this year.
The term Bitcoin is almost synonymous with cryptocurrencies today. As the first cryptocurrency, the coin made a name and was a controlling factor in the crypto market. It is the largest cryptocurrency by market capitalization, and a slight movement in the price affects the entire market.
Bitcoin is widely used as a store of value, where people buy it instead of gold. This is due to the high stability that the currency has shown over the years. The number of people buying Bitcoin is always increasing, which is why the price of Bitcoin is expected to grow even more than it did in 2021.
With more jurisdictions planning to adopt this cryptocurrency as legal tender and more companies accepting it as a form of payment, Bitcoin is expected to rise in value in 2022. This makes it one of the best investments this year.
2. Ethereum (ETH)
ETH has been the second largest cryptocurrency by market cap for many years now. The biggest development that the blockchain protocol has brought about is smart contracts. This technology has changed the rules of the game because it has made it possible to develop and launch thousands, if not millions, of dApps on its network.
Ethereum is expected to remain one of the best crypto investments for 2022 due to the expected developments. The Eth 2 upgrade is still ongoing, and the second quarter of 2022 is when Phase Two or Phase One will kick off. Upgrading from the legacy protocol is expected to improve the network by addressing most of the existing issues, including exorbitant gas fees and scalability.
The upgrade includes switching from PoW to a PoS consensus mechanism to address security issues, and blockchain technology to fix scaling issues. The final phase of the Eth2 upgrade may also be launched in 2022. There are also several facilities to appear in 2022 that make the project an attractive investment.
3. Ripple (XRP)
Ripple has been one of the most influential DeFi projects in the crypto market. Started in 2012, the project’s goal was to help decentralize the financial industry. The team is still working towards this goal by addressing the escalating issues in the decentralization process. Although a large number of people are still using centralized financial systems, billions of dollars have been transferred through the XRP payment platform.
The team is currently working on increasing the adoption of XRO coin globally. Getting more people to join the blockchain is the key to success for a cryptocurrency. So the team is working on the widespread use of payment all over the world.
The 2022 roadmap is dedicated to improving RippleNet to make it a better payment platform. The improvements include improving the user experience, reducing the transaction cost by lowering gas charges, etc. The Ripple team is also adding more features to the platform in 2022, which will make it an ideal investment.
4. Bit device
Bitgert is a cryptocurrency that should be on every crypto investor’s radar. The crypto project is relatively new as it is only 5 months old but it has achieved a lot in such a short period of time. The team is building the DeFi protocol on the Binance Smart Contract. The project includes a powerful global payment platform with the goal of building an entire ecosystem of Bitgert.
The team has already launched many products in this short time. Brise dApp wallet, Swap and staking $BRISE are some of the major products that have already been launched. But the products included in the 2022 roadmap will be game-changing.
The team announced the launch of Brise Central Exchange in the first quarter. The trial version is coming at the end of February. But it is the blockchain without gas fees that will make this cryptocurrency the best investment for 2022. The blockchain without gas is also launched in 2022 but it is currently in the development stages. The team is also running a pilot survey in the first quarter of 2022. Visit the Bitgert website for more information.
5. Earth (MOON)
Terra (LUNA) has been doing well in the market since late July 2019, when the cryptocurrency was launched. The goal of the project was to provide a platform where cryptocurrency traders could obtain a safe haven from the highly volatile tokens. This is why the LUNA coin is pegged to a stablecoin to help stabilize users’ investments.
The cross-chain Terra protocol uses stablecoins pegged to fiat currencies to protect token holders from high price volatility losses. To avoid losses, users can easily switch with a fixed currency. In addition, Luna holders earn some income when they exchange the currency for stable currencies such as the US dollar, the South Korean won and the Mongolian Tugrik.
Along with the Terra 2022 roadmap and its usefulness, the number of people searching for stable coins is increasing every day. So, this is one of the cryptocurrencies that are likely to rise as more people adopt cryptocurrencies in 2022.
These are the reasons why these cryptocurrencies may be the best investment for 2022. There are many developments happening on each cryptocurrency, but Bitgert seems to be the most aggressive out of the 5. It is recommended to do thought research before investing.