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Cryptocurrencies are becoming more popular than ever. This popularity may be a result of its borderlessness and decentralized systems. Also, the skyrocketing prices of cryptocurrencies like Shiba and Solana may have attributed to their popularity.

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With more than 15,000 digital assets in existence and more being created every day, choosing the best cryptocurrencies to buy is not an easy thing. If you are planning to invest in cryptocurrencies now, here is a list of the best cryptocurrencies to invest in 2022.

Ethereum: According to the coin market, It dominates much of the crypto market at approximately 18.49%. Ethereum is the most explosive cryptocurrency listed in this article and the first major project to introduce smart contracts, allowing developers to launch desktop and mobile decentralized applications (dApps) on the back of blockchain technology. Another reason to believe that Ethereum will remain a strong investment in the years to come is that it has a loyal team and its community is one of the largest in the crypto market.

Solana: This was primarily aimed at providing better Defi and dApps services, and updates. It is also an up-and-coming competitor to Ethereumthat can solve what is referred to as the ‘blockchain trilemma’. This means it is capable of providing decentralization, security, and scalability, which many cryptos have struggled to do so far. Its proof-of-history (poh) consensus mechanism works alongside a proof-of-stake (Pos) consensus mechanism which allows for better scalability and improved usability. Due to that, Solana has built a vibrant ecosystem that makes it worth investing in 2022.

ApeCoin: This is one of the top cryptocurrencies set to rise in 2022. The Bored Ape Yacht Club (BAYC) proved to be one of the hottest non-fungible token (NFT) collections in 2021, solidifying itself as a market leader within the NFT space. BAYC’s strong brand and financial backing put the token in a strong position. ApeCoin is currently on the watchlist of millions of investors globally. With as little as 10 dollars, you can buy ApeCoin. Coin hype which is vital in the market indicates that ApeCoin has a lot of potential for good returns in 2022.

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Terra: This has become a big part of the Defi industry designed to make the creation of decentralized applications and stablecoin development easier. Terra otherwise known as LUNA is one of the most innovative cryptocurrency projects Because it handles its volatility in a unique way that does not damage the very principles that facilitate profit-making in the cryptocurrency universe. In 2020, Terra (Luna) was priced at less than $1 per coin. At the end of 2021, the coin rose to $103 and is predicted to hit the $500 mark before 2025.

Cardano: This coin has implemented smart contracts and so is expected to increase in value. The crypto is waiting around for some big corporations to jump on its platform ecosystem, and when that happens, Cardano’s coin, ADA, could see a massive price increase. Some crypto experts have claimed that Cardano may experience a push upwards before the end of 2022 and if this continues into 2023, Cardano’s price prediction could reach $7 per ADA token. CryptoNewsZ foresees that at some point between 2022 and 2023, ADA could reach $5 and claim it as a new level of resistance.

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DodgeCoin: Dogecoin’s most well-known supporter, Elon Musk’s actions have influenced both the stock and crypto markets several times. Dogecoin is one of the more volatile investments that could give anyone a good profit if the hype is played to an advantage. The real reason investors should watch Dogecoin is because of the huge support from Redditors who have been pumping up the up-to-date price. On top of that, Dogecoin has made a superfan out of Elon Musk who is now toying with the idea of accepting DOGE as payment at Tesla! According to CryptoNewsZ, the meme coin could reach a max price of $0.75 in 2022 which is a 300% increase from what it is today. Dogecoin assets could achieve an average price of $0.56 by the end of 2022.

Uniswap: This is the most popular decentralized application set to explode this year. It might end up crushing centralized exchanges, such as the Binance exchange as well as traditional and market maker brokers. The exchange crypto employs an automated market-making system and allows direct peer-to-peer cryptocurrency transactions to occur online safely and securely without any intermediaries. Put simply, Uniswap is low-risk and has high potential rewards. UNI coins can be purchased for as little as $10.

Other cryptocurrencies to invest in include Shiba Inu, Aave, and Chainlink. Always remember that virtual coins are volatile and that you can lose your capital. This information also does not constitute financial or investment advice. Make proper research before investing.

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This article was first published on 27th April 2022

eyimegwu-ekene

I am an accomplished content creator and recently delved into technical writing. I enjoy using my skills to contribute to the exciting technological advances and create awareness of evolving technological trends in Nigeria.

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