- Are you looking for the best crypto to buy at the moment?
- Perhaps you’re looking for the next best crypto to acquire?
- Do you feel lost in this world of money pirates, hype trains, and strangely good pets?
Traders will never forget the years 2020 and 2021 for the way they slapped them silly. But, now cryptocurrency is the future, and everyone is thinking of investing in these coins.
The unemployment rate is around 20%, recessions occur constantly, inflation rates are continually changing, and the price of designer dogs has skyrocketed. Not to mention the new viruses that continue to spread around the world.
Best crypto projects to watch right now
Although you may prefer to trade stocks on the stock market, more and more traders are taking a chance on the risky world of cryptocurrency. By 2020, most of the world started investing in stimulus checks and boredom. The trend continued in 2021 and is likely to continue in 2022. This article will determine the top five cryptos to invest and hold for 2022.
How much would you earn if you invested in such projects one year ago?
In 2021, cryptocurrencies like Bitcoin and Dogecoin hit all-time highs and made investors into millionaires. As NFTs such as cryptocurrency grew in popularity, the market briefly hit $3 trillion, and the once-niche technology became mainstream.
Despite further technological development and scarcity levels, tokens like Bitcoin and Dogecoin experienced substantial growth in 2021.
By comparison, if you bought $100 worth of Ether on March 2021 and held the token through its numerous ups and downs, you would have accumulated $953,319 in March 2022. So let’s check out the top five crypto champion projects to buy in 2022.
Bitcoin (BTC)
Bitcoin relies on a blockchain, a ledger of transactions maintained by a distributed network of computers. Because new additions to the distributed ledger have to pass through a cryptographic puzzle known as proof of work, Bitcoins are kept secure and safe from fraudulent activity.
Why does it have the potential to grow?
Bulls argue that Bitcoin still has plenty of room to grow even though it has struggled to make significant gains. This year, we believe that BTC will reach $100,000, probably in the middle of the year. The potential price movement of cryptocurrencies is not the only reason they’re increasingly integrated and accepted as a means of payment.
How much would you earn if you invested in 1 year ago?
At the start of 2022, cryptocurrency prices fell below the $33,000 mark, hitting their lowest point, before regaining the losses. If you invested $1000 in BTC one year ago, it would give you about $800.
Avalanche (AVAX)
The Avalanche platform also enables the deployment of enterprise blockchains and DeFi applications in a scalable environment, emphasizing interoperability.
Why does it have the potential to grow?
The modular approach to building applications and custom blockchains makes it relatively easy for developers to get up and running quickly. In 2021 and 2022, the protocol grew significantly and is now at the top of the list of coins.
How much would you earn if you invested in 1 year ago?
Avalanche’s (AVAX) price has been skyrocketing since its launch on January 1, 2021, and once crossed the $400 million mark in November 2021. Currently, the coin has a price of $66.50 at writing in March 2022. In other words, if you had purchased this coin one year ago, you would have made approximately $63 per coin.
Solana (SOL)
It is a decentralized Layer-1 blockchain with 50,000 transactions per second and is highly scalable. The system is still going through teething problems that have resulted in several outages. However, the technology still has plenty of supporters.
Why does it have the potential to grow?
In terms of profile, the Pyth trading network supported by institutions in Chicago and New York is one of the most high-profile successes of the project. Similarly, its NFT and DeFi networks continue to increase. According to analysts, Solana will continue to grow in the years to come.
How much would you earn if you invested in 1 year ago?
It is almost enough to buy a house in West Virginia today with $1,000 invested in Solana one year ago. As of writing time, Solana is trading at $79.21, a considerable increase from $1.5386 on January 1, 2021. As a result, an investment of $1 on January 1 would be worth more than $79.21, making $76.68 today.
Binance coin (BnB)
One of the largest cryptocurrency exchanges in the world, Binance uses the Binance coin for trading and fee payments.
Why does it have the potential to grow?
In 2017, Binance Coin went beyond serving solely to facilitate trades on Binance’s exchange platform. These days, it’s possible to book travel arrangements or process payments. Besides trading or exchanging for other cryptocurrencies like Ethereum or Bitcoin, it is also possible to exchange for fiat currencies.
How much would you earn if you invested in 1 year ago?
The price of the Binance Coin reached an all-time high of $690.93 on May 10, 2021; 10,000 BNB was worth nearly $7 million. As of press time, the stock has climbed much higher to 367.53. As a result, an investment of $10000 made ten years ago would be worth over $3,675300 today, a loss of about three million.
As a result of Binance Smart Chain (BSC), a parallel blockchain for dApps and DeFi Service, Binance Coin has been rising in price. Since Binance has made a significant impact in the digital asset market, many people have understood its potential.
Terra (LUNA)
A secure, algorithm-governed stablecoin platform, Terra uses seigniorage. Connecting a collection of tokens pegged to fiat and Luna’s stabilizing asset.
Terraform Labs is the South Korean company responsible for the protocol’s development. Its e-commerce partners in Asia have struck deals to use its payment system, which aims to eliminate unnecessary costs and friction in the payment system.
Why does it have the potential to grow?
Terra had an outstanding year last year. The price of this currency, which manages a network of stablecoins, reached over $100 per token, an impressive jump of 150%. In terms of price, Terra currently trades around $56 per token, which is still about 15-fold above where it was last year. Additionally, Terra is an algorithmic stablecoin network that mints and burns its tokens over time to provide token stability. There are several stablecoins included on the Terra blockchain, including the popular UST.
How much would you earn if you invested in 1 year ago?
In 2021, Terra was one of the most successful cryptocurrencies. The price of the digital token has gone up by more than 15,000 percent in the last year. Compared to less than half a dollar a year ago, it has reached an all-time high of $75.56.
At the time of writing, its current price is $90.63. Therefore, if you had invested in this coin one year ago, you would have gained approximately $15.7.
Final thoughts
Investing $1000 each into those five cryptocurrencies three years ago, except Bitcoin, you would have made your $1,000 investment worth $7,134.93, an increase of 613%.
There are mainly two cryptocurrencies responsible for that. Solana contributed nearly half of the total gains in this scenario, and Ethereum contributed about 27%. Only BNB saw the substantial price gains investors had expected among the other cryptocurrencies.