Gold was the first asset that people used as money. Until the First World War, all currencies were based on the “Gold standard”, and paper banknotes served as certificates of having gold. In the XXI century, we note a huge change in the permanent reserve – now cryptocurrency is held in high esteem. It grows in price, and with current technologies, can be exchanged for fiat in a couple of clicks. Wisebitcoin decided to sort out digital assets that will be best to invest in 2022.
The crypto industry has experienced a busy 2021. We were the true witnesses of Bitcoin's ups and downs, its adoption as a legal payment in El Salvador and canceling cryptocurrency usage in China. That’s all besides the pandemic and other events that hit us the most.
We already have mentioned the great value of cryptocurrencies and how they actually work in everyday life. However, it is also interesting to know which digital assets would be promising to invest in 2022. Let’s find good and prosperous coins that will bring you not only the joy of investment, but also real profit!
Along with the perspectives, please, remember, that trading, buying or exchanging any of the presented cryptocurrencies could lead to risks; that is why it is only your personal choice. Our list is an informational reference for more thoughtful decision-making.
Not unexpected but still perspective! Bitcoin, with its approximately 840,1$ billion market capitalization, remains the main and the most promising coin on the market. Created in 2009 by anonymous and mysterious Satoshi Nakamoto, Bitcoin was based on blockchain technology which keeps records of transactions using a "decentralized accounting system". It gives transparency, anonymity and security at the same time. At the moment, about 90% of all Bitcoins have been mined – it is almost 19 million coins!
In general, speaking about the events, Bitcoin has gone through a lot during 2021 and the beginning of 2022. The actions of the US Federal Reserve, the regulatory policies of the US, the actions of the Securities and Exchange Commission, geopolitical factors, especially the tension in relationships between the Russian Federation and Ukraine, the actions of the authorities in relation to mining like in China and Kazakhstan affected it and led to a fall. Bitcoin has gone into a negative flat trend; however, it is only a correction before another raise.
At the same time, we should remember that Bitcoin is a leading cryptocurrency, and the market follows it as a “lighthouse”. It means that the rise and fall of other coins depend upon the rise and fall of Bitcoin. Bitcoin seems to be a suitable asset for risk hedging among medium and large investors, because the interest of institutionalists and whales is not decreasing. Also, purchases and investments of companies in Bitcoin indicate that there are huge perspectives on it.
In addition, analysts comment that the Bitcoin negative flat is quite logical, especially after price spikes. Exactly the same happened with many other crypto assets, so it means it is a regularity.
In 2021, the value of Bitcoin reached a record high of almost $70,000 per coin. Specifically at the moment, Bitcoin is holding at $45,758. Compared to the classic S&P 500 index, which rose less than 24% in 2021, Bitcoin rose by as much as 125%! Not bad.
The second cryptocurrency that follows Bitcoin is another profitable asset – Ethereum, with a $475 billion market capitalization. The main difference between Ethereum and Bitcoin is that the emission of this cryptocurrency is not limited, and new coins can be obtained through mining indefinitely. Ethereum was created as a concept in 2013 and as a ready network in 2015 by the founder of Bitcoin Magazine, Vitalik Buterin.
This and last year, the value of Ethereum has increased by more than 540% due to support from investors who thought that Ethereum would be the key coin for decentralized finance in general.
The main function of Ethereum is to automate the exchange, because its smart contracts allow both parties to make deals without intermediaries with low transaction latency and security. It lets users create decentralized blockchain-based online services based on smart contracts. With Ethereum nowadays you can buy cars, real estate and even pay for lunch between meetings at work.
Ethereum helps to create new business models and decentralized applications, and it strengthens the growth potential of this asset. Since the beginning of 2021, Ethereum has been valued at about $3,443; however, by the end of the year, the coin price reached almost $5,000. Experts predict the growth of the asset to $8,000–10,000 by the end of 2022. They say it will happen due to important updates of Ethereum to version 2.0 and the great roadmap of the project for the year 2022. Let’s see.
Polkadot is an asset with a $27 billion market capitalization and multi-chain sharding protocol that is able to increase the number of transactions in "parachains" – across multiple chains in parallel. This capability increases the scalability of the network. In other words – it is a platform that lets cryptocurrencies be created and included in one single network.
DOT was created by the Swiss Web3 Foundation whose goal was to implement an open-source, fully functional and user-friendly decentralized web project. The founders are Dr. Gavin Wood, Robert Habermeier and Peter Chaban. By the way, Gavin Wood was one of the founders of Ethereum. Polkadot was created because of the impossibility of Ethereum to scale. Being released in 2020, Polkadot could get $144.3 million during its Initial Coin Offering in October 2017.
The Polkadot network could be described as secure, flexible and sensitive. It produces the information exchange as if it is done with the help of an app on your smartphone. Polkadot can be automatically enabled to introduce new features or remove bugs without forks.
Since the beginning of 2021 DOT reached the mark of $28, raising 247%. At the current moment, Polkadot costs $22,2.
Its features and great potential for scaling could make Polkadot almost “the follower” or even – “the killer of Ethereum”. Experts believe that the consistent launch of parachains will increase the value of Polkadot and raise its price to $40-60 in 2022. Let’s see whether it becomes true!
Cosmos is a blockchain with more than $5 billion market capitalization that could truly be named a “Blockchain 3.0”. People say so because Cosmos is a cross-chain project that allows all of the blockchains inside its ecosystem to interact with each other and with external networks – Bitcoin and Ethereum.
Nowadays, the “Cosmos project”, with 250 decentralized applications launched on its network and their capitalization of more than $70 billion, is included in the Top 50 projects that are promising to invest in. In addition, Cosmos infrastructure is even used by Binance Smart Chain!
ATOM token ICO took place in 2017, and the public sale round ended after 30 minutes! 75% of the entire issue was sold for $17 million. At that time, ATOM's cost was 10 cents. Today ATOM values $29,4 with a raise of 15,000% since the very beginning. For 2021 Cosmos coin raised to 31%.
Experts see three reasons for the attractiveness of the “Cosmos project”:
- It offers a solution to an actual problem;
- It has high capitalization;
- It is widespread in the media.
They say ATOM will rise to the range of $40-50 in 2022. Well, it's gotta be interesting to see if it happens!
Solana appeared on the market in 2020 and became one of the most promising coins in the crypto sphere. With a market capitalization of more than $42 billion, it is included in almost every top of the best cryptocurrencies to invest in. And it’s worth it!
Being born from the White paper written by Anatoly Yakovenko in 2017, Solana presents the new technique called Proof-of-History, which allows blockchains to become 10,000 times faster.
It has great advantages that attract investors and other market players as well:
- High speed of data processing;
- Relatively modest production costs;
- Utility of the project.
The utility means speeding up the transaction process inside the decentralized network, but the costs are more profitable than at its main competitor – Ethereum.
Nowadays, Solana values about $129, and in general, in 2021, it got a 500% raise. The growth potential is inevitable, so we'll be watching over it!
Everything depends on you and your decisions. What kind of result will you get from this or that investment? What asset will be best to invest exactly for you?
However, we tried to show what specific offers are currently relevant in the cryptocurrency market. We hope that the new gold of the XXI century will be interesting for you, no less than the original one, and you will find that cryptocurrency will change your life for the better!
On our Wisebitcoin platform, you can find everything you need to invest in cryptocurrencies. We offer users the best services and the best instruments to get what they want. That is why we invite you to visit our website, read more about our trading platform and create a personal account so you can quickly learn more about the tool you think is the most suitable for you from our blog.
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