Most cryptocurrencies are now rising the December plunge, and soon there might be a bull run in the market like in Q3 and early Q4 2021. But this will depend on the cryptocurrency one will have invested. Let’s see why these 5 cryptocurrencies are the best to invest in this year.
1. Bitcoin
The term Bitcoin is almost synonymous with cryptocurrencies today. As the first cryptocurrency, the coin has made a name and has been a controlling factor in the crypto market. It is the largest cryptocurrency in terms of market value, and a slight movement of the price affects the entire market.
Bitcoin is widely being used as a storage for value, where people are buying it instead of gold. This is because of the high stability the coin has shown over the years. The number of people buying Bitcoin is always increasing, and this is why the price of Bitcoin is expected to grow bigger than in 2021.
With more jurisdictions planning to adopt this cryptocurrency as legal tender and more businesses accepting it as a form of payment, the value of Bitcoin is expected to skyrocket in 2022. This makes it one of the best investments this year.
2. Ethereum (ETH)
ETH has been the second largest cryptocurrency in market value for many years now. The biggest evolution this blockchain protocol brought is the smart contracts. The technology has been a game-changer as it has enabled thousands, if not millions, of dApps to be developed and launched on its network.
Ethereum is projected to still be one of the best crypto investments of 2022 because of the expected developments. The Eth 2 upgrade is still ongoing, and Q2 2022 is when the second phase or Phase 1 is launching. The upgrade from the old protocol is expected to improve the network by addressing most of the current problems, including costly gas fees and scalability.
The upgrade includes switching from PoW to the PoS consensus mechanism to address security issues and shard chains technology to fix scaling problems. The last phase of the Eth2 upgrade might also launch in 2022. There are also many utilities coming up 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 objective was to help decentralize the financial industry. The team is still working on this goal by addressing the rising problems in the decentralization process. Though a huge number of people are still using the centralised financial systems, billions of dollars have been transferred through the XRP payment platform.
The team is currently working on increasing the adoption of the XRO currency globally. Getting more people to join blockchain is the key to success for a cryptocurrency. So the team is working to make the payment widely used across the globe.
The 2022 roadmap is majoring in improving the RippleNet to make it a better payment platform. The improvements include enhancing user experience, reducing the cost of transactions by cutting gas fee, and so on. The Ripple team is also adding more utility to the platform in 2022, which will make it an ideal investment.
4. Bitgert
Bitgert is a cryptocurrency that should be on every crypto investor’s radar. The crypto project is relatively new since it is only 5 months old but has accomplished so much in such a short period. The team is building a DeFi protocol on the Binance Smart Contract. The project includes a powerful global payment platform with the aim of building a complete Bitgert ecosystem.
The team has already launched multiple products in this short time. The Brise dApp wallet, Swap, and the $BRISE staking process are some of the major products already launched. But the products in the 2022 roadmap will be the game-changer.
The team has announced the launch of the centralized Brise exchange in Q1. The beta version is coming up end of February. But it is the zero gas fee blockchain that will make this cryptocurrency the best investment of 2022. The gasless blockchain is also launching in 2022 but is currently in the development stages. The team is also doxxing in Q1 2022. Visit the Bitgert website for more information.
5. Terra (LUNA)
Terra (LUNA) has been doing very well in the market since late July 2019, when the cryptocurrency launched. The objective of the project was to provide a platform where crypto traders can have a safe haven from the fast fluctuating tokens. That’s why LUNA coin is pegged to stablecoins to help stabilize users’ investments.
The Terra cross-chain protocol uses fiat-pegged stablecoins to protect token holders from high price fluctuation losses. To avoid making losses, users can easily swap to a stable coin. In addition, Luna holders earn some income when they swap the coin with stablecoins like the U.S. dollar, South Korean won, and Mongolian tugrik.
Besides the Terra 2022 roadmap and its utility, the number of people looking for stable coins is increasing every day. Therefore, this is one of the cryptocurrencies likely to surge as more people adopt crypto in 2022.
These are reasons why these cryptocurrencies might be the best investment of 2022. There are so many developments happening on every cryptocurrency, but Bitgert looks like the most aggressive of the 5. Thought research is recommended before investing.
