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Top Cryptocurrencies to Invest in 2022

Top Cryptocurrencies to Invest in 2022: Swapzone's Pick

By Swapzone | Swapzone Blog | 10 Aug 2022


Crypto fluctuations could be puzzling, yet at any particular market moment, there are some cryptocurrencies being more advantages than others. This article would uncover the insides of crypto investment and propose you a list of the top 15 cryptocurrencies to buy right now. Enjoy, yet don’t forget to always do your own research.

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What Are Cryptocurrencies?

Cryptocurrencies are digital currencies built on blockchain tech — a distributed ledger system enforced by nodes (a distributed network of computers). They serve as a medium of exchange for billions of global users.

At the time of writing, the crypto market has a capitalization of $1,06B, and you can trade cryptocurrencies and use them to complete everyday transactions like fiat currencies. However, these special digital currencies differ from fiat like the Chinese Yen or the US Dollar in that no central authority, such as a federal reserve bank or government, issues them. 

This feature makes cryptocurrencies resistant to government manipulation or intervention. It also makes them highly covetable and valuable. This article gives insights into the prospects of the crypto market and the 15 best cryptos to buy right now.

How Does Crypto Staking Work?

Why Should You Invest in Crypto?

Cryptocurrencies like BitcoinEthereum, and others are considered very volatile assets, and these types of assets can have their prices go from an all-time high to an all-time low in a matter of minutes. 

Despite this downside, the crypto market still has millions of investors accumulating digital tokens with hopes of high yields. Here are a few reasons that make crypto investments appealing to many:

  • While this doesn’t apply to all cryptocurrencies, some like bitcoin have people investing billions because they serve as an inflation hedge. They are a stable store of value in times of inflation and other economic uncertainties.
  • They are censorship-resistant assets that guarantee transaction freedom—something traditional banks don’t. Exchanges and some of the best crypto wallets are easily accessible when you need to do a transaction.
  • Cryptocurrencies are a great way to earn passive income when you trade, lend, and stake them for the interest they yield. 
  • You may also invest in crypto for the equity potential some coins or tokens offer, with some guaranteeing the chance of a high return2 on your investment.

Best Cryptocurrencies to Buy Now

There are more than 10,000 active cryptocurrencies in the world today. These fifteen cryptocurrencies are some of the market’s current top picks:

1. Binance Coin (BNB)

Binance Coin is the native cryptocurrency of the popular crypto exchange platform, Binance, which holders can use to trade or pay fees. Binance launched the coin in 2017, and since then, it has grown from only facilitating trades on Binance to being used for payment processing, trading, and more.

Holders can trade or exchange $BNB for other valuable cryptocurrencies, like Bitcoin or Ethereum. Being backed by one of the best crypto exchanges makes $BNB one of the best cryptos to buy in 2022. $BNB went from $0.10 in 2017 to $284 in August 2022—a gain of approximately 283,900%.

It also hit an all-time high (ATH) of $690 in May 2021. Judging by pangs of the current bear market, $BNB shows lots of prospects of going back to its ATH when a major bull run starts

2. Solana (SOL)

Solana is a cryptocurrency project designed to power DeFi use cases, smart applications, and DApps. This functional open source project leverages blockchain tech’s permissionless feature to provide DeFi solutions while offering impressively fast processing times. 

The blockchain network runs on a rare hybrid proof-of-history and proof-of-stake mechanism to securely and quickly process transactions. Solana’s hybrid protocol encourages decreased validation time for smart contract execution and transactions.

$SOL is the network’s native token that also powers the platform. It launched in 2020 with a price of $0.77 but has managed to gain almost 5,300% as of August 2022, at a price of $42.38. That’s a far cry from its ATH of $260 in November 2021.

3. Polkadot (DOT)

$DOT is the native currency of the Polkadot ecosystem and is definitely one of the best cryptocurrencies to invest in today. Polkadot aims to increase interoperability between blockchains, and it does this by allowing blockchains to transfer assets or data to themselves.

This stellar feature makes Polkadot a top platform and has even been compared to the Ethereum blockchain. The difference is that you can build custom blockchains on Polkadot and allow parachains. Polkadot’s use cases have helped $DOT rise from less than a cent in 2020 to $8.37 in early August 2022, raking in an 837% return on investment (ROI).

4. Polygon (MATIC)

Polygon is an organized, easy-to-use platform for Ethereum infrastructure development and scaling. Users can use Polygon to build optimistic rollup chains, stand-alone chains, ZK rollup chains, and more. 

It combines the benefits of Ethereum’s security and openness to be one of the fast-rising blockchains behind Binance Chain, Ethereum, and Solana. Polygon is a bit like Polkadot, Avalanche, and Cosmos and currently hosts 19,000 DApps.

These solid use cases and the potential the Polygon platform promises have helped $MATIC enable governance, secure the system, and grow from $$0.00263 at its initial release in 2017 to $0.939862 as of press time.

5. Uniswap (UNI)

Uniswap is a platform for trading Ethereum-based tokens. It is a product of Vitalik Buterin’s 2016 decentralized exchange idea capable of employing an on-chain automated market maker (AMM). Uniswap’s native currency, $UNI, has a value of $8.97 as of press time, having grown over 2135.7% since its launch in 2020.

6. Ethereum Name Service (ENS)

Ethereum Name Service is an Ethereum blockchain-based open, distributed, and extensible naming system. The increasingly popular service converts Ethereum addresses that humans can read, such as kate.eth, into familiar machine-readable codes that some of the best crypto wallets like Trust Wallet can work with. 

With $ENS, you get one name for all your wallet addresses, websites, etc. It aims to make accessing and understanding Ethereum-based web easier just the way Internet Domain Name Service makes the internet easier to access. Since their successful retroactive airdrop in 2021, $ENS has a value of $17.21 in 2022.

7. Algorand (ALGO)

Decentralized self-sustaining blockchain network Algorand is known in the crypto space for its compatibility with Ethereum and its support for a full range of apps. Algorand was invented to boost transaction speed and efficiency compared to Bitcoin and other blockchain’s slow transaction times.

Algorand is one of the most promising blockchains regarding use cases and technology. Some real-world projects like Glitter Finance rely on Algorand, contributing to its value. Compared to some names on this list, $ALGO is relatively cheaper in value, trading at $0.3484 per token.

8. Tether (USDT)

Unlike the rest of the cryptocurrencies on our list of best crypto to buy, Tether is the only stablecoin. Stablecoins mirror the prices of major fiat currencies, and Tether’s $USDT mirrors the U.S. Dollar.

The Hong Kong-based crypto company pegs the token to the USD so that one unit of $USDT almost always equals a unit of U.S. dollar. Because of $USDT’s stability, it is a good store of value compared to other crypto projects whose prices fluctuate.

While it may not give you any ROI, people from countries with unstable countries use it to circumvent the pangs of inflation. It’s also a top pick for those who want to stay ready to make crypto purchases when the opportunities present themselves.

9. Bitgert (BRISE)

Bitgert is a unique crypto engineering project specializing in auditing solutions and blockchain products. The blockchain also offers users near-zero gas fees at $0.0000000000001 per transaction and super fast cross-chain transactions. 

Although it was initially built on Binance Smart Chain and relied on BNB as a native token, the coming of the BRC20 blockchain has changed all that. $BRISE is the native token of Bitgert Chain; a blockchain considered the fastest in the world. 

Solana used to be the fastest network, but Bitgert BRC20 manages 100,000 transactions per second (TPS). With the $BRISE Wallet DApp, you can access the Bitgert ecosystem and purchase, send, exchange, receive, and store crypto assets. As of press time, you can purchase a unit of $BRISE for $0.0000004041.

10. Decentraland (MANA)

While the metaverse is yet to go mainstream, NFT and crypto-related projects like Decentraland may do numbers when it eventually does. Decentraland is a leading virtual reality platform on the Ethereum blockchain.

Users can make, experience, and earn from their content and apps. Decentraland mirrors the real world in that you can buy plots of land, navigate them, build on, and monetize the land.

The platform uses two tokens, $LAND and $MANA—an ERC-20 token that you must burn to acquire non-fungible ERC-721 LAND tokens. $MANA can also purchase wearables, avatars, names, etc. At $1.03, the $MANA token has several use cases that make it valuable in the long run.

11. Ripple (XRP)

Ripple has been in and out of the news recently for controversial reasons. From being accused of being managed by a private company to an SEC lawsuit for selling $1.3B in unregistered securities via $XRP.

While Ripple has denied the allegations, it has suffered because of it. However, when you remove these allegations, you get a valuable crypto project with low fees worth investing in. The success of Ripple’s pending lawsuit may see the payment protocol’s native crypto $XRP gain wider adoption and soaring prices again. 

Several financial institutions use Ripple’s payment network, while small business owners and customers can leverage XRP for safe money transfers. These crucial use cases and the success of Ripple’s pending lawsuit may see the payment protocol’s native crypto $XRP gain wider adoption and soaring prices again above its current price of $0.374.

12. The Sandbox (SAND)

Like Decentraland, The Sandbox is another crypto-related project that may do numbers when the metaverse goes mainstream. The Sandbox expertly combines the strengths of NFTs and decentralized autonomous organizations (DAOs) to run a decentralized platform for an enthusiastic global gaming community.

This blockchain-based virtual world allows users to build, create, sell, and buy digital assets like land. You can invest in cryptocurrency and earn some more SAND as well. A unit of the $SAND token is priced at $1.31 as at press time and may well grow in value in the long term pending when the metaverse goes mainstream.

13. PancakeSwap (CAKE)

PancakeSwap has the reputation of being a leading decentralized exchange which experts believe gives its token, $CAKE, strong growth potential. The platform is also the major DEX for trading Binance Smart Chain-based tokens, boasting one of the highest market volumes.

The low fees and liquidity are an advantage over rivals. Swap Pancake allows holders to stake $CAKE to earn passive income. The platform also has impressive wallet integration as it supports other popular wallets. $CAKE has a unit price of $4.11.

14. Enjin Coin (ENJ)

The metaverse is rising, and so are game-focused metaverse projects and tokens. Enjin is one of these projects. Its token $ENJ serves as the go-to digital currency for exchanging items. Tokens and coins tied to projects with huge potential and goals have better chances of becoming valuable. 

Enjin is working towards becoming the biggest gaming community platform on the internet. So far, Enjin has 18.7 million gamers and 250,000 gaming communities to its name. 

15. Cronos (CRO)

$CRO or Cronos is Crypto.com’s utility native token—one of the best crypto exchange platforms. Holders can stake $CRO to qualify for some lucrative benefits and use $CRO to pay fees on Crypto.com. 

Crypto.com is a top player in the cryptocurrency world, and it has managed to earn name recognition through celebrity endorsements from stars like Matt Damon. It also recently bought the naming rights to the Staples Center Los Angeles. Publicity tactics like this have created a huge interest in $CRO.

As a native token of a major trading platform, $CRO offers holders stability. The token significantly grew last year, going from an all-time low of $0.012119 in 2018 to $0.1453 in early August 2022. But just like most of the crypto market, it has struggled a bit in 2022. 

RUNE Coin

Final Take

So there you have it; these are some of the best cryptos to buy now. Undoubtedly, cryptocurrencies are increasingly important on and off the internet as people adopt them for more use cases.

Although digital currencies’ foremost aim is to fix traditional currencies’ issues, we now have utility cryptos that have been created, all thanks to blockchain technology. So whatever your need is, whether speculative, as a store of value, or just for transactional purposes, this list has some digital currencies best digital currencies to invest in and purchase.

Nonetheless, we don’t consider our opinion on these tokens a piece of financial advice. Endeavor to do your own research before buying any crypto asset. Also, remember that cryptos are speculative assets that lead to the loss of funds.

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Swapzone
Swapzone

Swapzone is a cryptocurrency exchange aggregator that discovers and pinpoints the most relevant cryptocurrency exchange deals on the market. Exchange 300+ cryptos while saving your money and time.


Swapzone Blog
Swapzone Blog

Swapzone is a cryptocurrency exchange deal aggregator. We do things that would help you get the most out of your crypto swaps, make an informed choice of platform, check the rates and fees right away, and have all your exchanges in one interface. Like an instant exchange, but better. Here we are writing everything we think about the crypto space. Also, posting guides and tutorials. Tune in!

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