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Top 7 Best Coins to Invest in for 2022

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Written by publisher team

Editor’s Note: The opinions expressed in this post are not financial advice. We recommend that you do your research before investing in any cryptocurrency.

7 of the best coins to buy in 2022

Ethereum (ETH)

Year-to-date performance: 456%

Solana (SOL)

Year-to-date performance: 10,740%

Bitcoin (BTC)

Year-to-date performance: 76.3%

chainlink (link)

Year-to-date performance: 80.2%

XRP (XRP)

Year-to-date performance: 334.6%

Binance Coin (BNB)

Year-to-date performance: 1,332.9%

Dogecoin (DOGE)

Year-to-date performance: 4,050%

It’s the end of 2021, folks! Everyone wraps up the year and takes it easy, and we all enjoy our time with our friends and family as we kiss 2021 goodbye.

But at the end of every year, we all ask the same question – “How do I get my money next year?” While 2021 was a big year for cryptocurrencies, all indications are that 2022 will be an even bigger year.

As a cryptocurrency investor, it is important to get your money right in 2022. We have come up with a list of some coins that we think are ready for big booms in the coming year.

1. Ethereum (ETH)

Year-to-date performance: 456%

Ethereum is the second largest cryptocurrency in the world – after only Bitcoin. It’s held this position for years, and we don’t think any coin will even come close to topping it.

2021 was a really good year for ETH. The coin has gained 456% this year alone, making it one of the top performing large coins. We believe that more investors will continue to buy in 2022 as cryptocurrency becomes more popular.

We are also big on Ethereum because of the blockchain. Still the most popular is the Ethereum blockchain, and it’s in the middle of a massive upgrade – called Ethereum 2.0. Here are some things to know about Ethereum 2.0:

  • The upgrade will move Ethereum from Proof-of-Work (PoW) to Proof-of-Stake (PoS)
  • The Ethereum 2.0 will make the Ethereum blockchain faster and cheaper to use
  • If successful, Ethereum 2.0 will attract more people to the Ethereum blockchain. This will cause the price of Ethereum to skyrocket.

Where to buy Ethereum in Nigeria

Ethereum is listed on two Nigeria-focused crypto exchanges – including Quidax – where you can buy with Nigerian Naira, stablecoins, and other cryptocurrencies.

2 – Solana (SOL)

Year-to-date performance: 10,740%

Solana is another currency that we are very excited about. It has gained 10.740% this year alone, and it looks like the coin is just getting started.

If there is any blockchain that could challenge the Ethereum crown, it is the Solana blockchain. If for nothing else, that’s reason enough to be big on Solana. It has become incredibly popular this year, and more people are building on it as they have issues with the Ethereum blockchain.

Solana has become the most popular among the “Ethereum Killers”. These are basically blockchains that have tried to steal the crown of Ethereum and entice developers to build apps on it.

Whether or not the Ethereum 2.0 upgrade is successful, we are sure Solana users will continue to grow.

3. Bitcoin (BTC)

Year-to-date performance: 76.3%

It may sound cliched, but Bitcoin is still one of the best cryptocurrencies to buy. It remains the most valuable, and its position is not threatened by any of the other coins.

There are a lot of reasons to buy Bitcoin right now. It has been able to hold up all year round, even after various downturns in the market. If anything, it is an indication that Bitcoin is not here to be manipulated.

With 2022 approaching, there is a lot to be excited about. There are hopes that countries like the United States will finally regulate bitcoin. This will make it more legitimate and encourage more people to buy and invest in it.

Even without regulation, some of the world’s largest companies have invested in Bitcoin. These include Tesla, Block (formerly Square), and MicroStrategy. Many big names have also invested in Bitcoin. These include:

  • Elon Musk (Tesla CEO and richest man in the world)
  • Jack Dorsey (Founder of Twitter and CEO of Block)
  • Tim Cook (CEO of Apple)
  • Ray Dalio (billionaire hedge fund manager)

Expect more big names to invest in Bitcoin in 2022.

Also, we expect more countries to legalize Bitcoin. El Salvador had a huge success this year when it submitted a legal tender for bitcoin, and there were talks that many other countries could do the same. Right now, fingers intertwined.

Where to buy Bitcoin in Nigeria

If you want to know where to buy bitcoin in Nigeria, the best cryptocurrency exchange sites in Nigeria like Quidax are your best bet. You can easily access Bitcoin with Naira or USDT.

Unlike Ethereum and Solana, Chainlink does not operate a blockchain. Rather, it is oracle data.

For blockchains to function properly, they must have access to different types of data. However, some of this data is not available in the block chains themselves.

This is where oracles come in.

Oracles are tools that help connect these block chains to external data sources. By doing so, they are ensuring that the blockchain can function effectively.

Chainlink is the most popular blockchain oracle on the market. App developers need it to ensure that their apps run well, so Chainlink plays a vital role in the blockchain and crypto market.

We anticipate that more people and companies will use the blockchain in 2022. If that happens, the adoption of Chainlink – and its LINK tokens will also rise. So, the future is definitely bright for this coin.

5. XRP (XRP)

Year-to-date performance: 334.6%

There was a time when XRP used to be the third most valuable coin in the market. It has since declined, but XRP remains an important player in crypto.

Part of the reason XRP has fallen so much is that its developer – Ripple Labs – has been sued by US regulators for fraud. The lawsuit began in December of last year, and the two parties fought it out in the courts throughout 2021.

But many in the industry think things are looking up for XRP. Ripple Labs is confident that it will be able to finalize the SEC status by 2022, and this will be a huge boost for XRP.

Even with the lawsuit, XRP managed to generate 346% returns over the course of the year. If Ripple Labs can win this lawsuit, we expect XRP to reach the moon.

6. Binance Coin (BNB)

Year-to-date performance: 1,332.9%

BNB is the original token of Binance – the largest crypto exchange in the world. Binance users can get the coin and enjoy benefits such as discounts on trading fees, fast transactions, trading, and more.

We choose BNB primarily because of its ties to Binance. As the largest crypto exchange in the world, Binance holds a significant position in the crypto market. As the exchange continues to grow, BNB has seen significant gains as well.

Case and point: BNB has gained 1,332% this year alone.

There have been talks about the possibility of Binance going public in the next year or two. The company’s biggest competitor, Coinbase, went public again in April and has been a huge success so far. If Binance did the same, just imagine how high BNB could go!

7. Dogecoin (DOGE)

Year-to-date performance: 4,050%

Dogecoin is the largest meme currency in the world. Our favorite meme coin has managed to generate amazing returns this year, thanks in part to its massive online community. Throughout 2021, various celebrities – including Miley Cyrus, Snoop Dogg, and even Elon Musk – were able to use their influence to increase the price of DOGE.

For 2022, we expect DOGE to go in a more serious direction. It has survived the positive feedback so far, and that’s okay. But, if I want the value to really grow, DOGE will need a specific use case.

It’s interesting that Elon Musk has been talking a lot about DOGE lately. He has claimed that DOGE is better than Bitcoin for making payments, even saying that Tesla will soon begin accepting DOGE for payments for goods.

We think there will be more use cases for DOGE in 2022. That way, the adoption of DOGE will grow even more — and so will its price.

How to get these coins in Nigeria

If you want to acquire any of these currencies, cryptocurrency exchanges are your best bet. Exchanges like Quidax offer a great way to buy cryptocurrency in Nigeria. You can enjoy benefits such as fast transactions, low fees and convenient customer service.

Quidax and other Nigeria-focused cryptocurrency exchanges allow you to purchase cryptocurrency using various methods. You can buy with Naira, stable USDT, and even USD. Whatever options you choose, there is an exchange for you!

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