Market Overview and Potential Coins to Invest (2022)
The crypto market has taken a decline to the surprise of many investors and crypto enthusiasts.
However, there are still great coins to look out for in 2022.
So, you’re in the right place to get updated on current crypto market trends and best crypto to invest in 2022 if you are an investor planning to dive into crypto trading.
Crypto market had a great boost in the first quarter of 2021 and looked so promising till the close of the year.
This is because heavyweight institutions such as Tesla and MasterCard openly embraced cryptocurrency thereby increasing its adoption.
Crypto market has however taken a fall in 2022.
The bearish market is attributed to three primary headwinds which are high inflation, rising interest rates and recession risk.
The current winter in crypto market has wiped off more than $1 trillion in value so far in 2022.
Stablecoin market is not left out of the bearish moment as Luna, which is linked with stablecoin Terra USD (UST) completely collapsed, leading to the loss of about $60 billion raising uncomfortable questions about the future potentials of stablecoins.
The Luna breakdown may undermine beginner investors’ confidence in stablecoins and cryptocurrencies in general.
Crypto market cap has significantly dropped by $1 trillion in 2022 while leading cryptocurrencies are now worth half or even less of their all-time high prices.
Considering the past performance of cryptocurrency however, experts in the field argue that this boom-and-bust moment is a positive signal to crypto investors since it happened before and was followed by significant increase.
Amidst the present crypto winter, there are still great cryptocurrencies set to explode in 2022 which investors can leverage in this bearish moment.
Ethereum remains one potential crypto to watch and invest as it seeks to transit to a more energy-friendly proof of stake verification system.
More also, Etherereum has built an enduring ecosystem such that its blockchain has been deployed to build interesting projects gaining lots of tractions.
So Ethereum should firstly be considered for investment in 2022 and beyond.
Another potential crypto to invest in 2022 is ApeCoin. This great crypto of about $1.3 billion market cap was launched recently by the team behind Bored Ape Yacht Club as a gaming coin.
This is a non-fungible tokens (NFTs) and will remain an increasing cryptocurrency to watch for regardless of the crypto winter.
This is owned to the growing popularity of play-to-earn decentralized games and the metaverse.
Going by market cap also, Bitcoin remains an incomparable potential crypto to still consider for investment especially by beginner investors.
Have you ever wondered how you could buy Bitcoin despite its exorbitant price tag?
If you are starting out as a beginner investor in the crypto market in 2022, this bearish moment is your best time to have bitcoin in your portfolio.
This isn’t only owned to the fact that bitcoin’s price is down, but it’s less volatile due to its global popularity and adoptions.
4. Sol by Solana
More also, another crypto to consider is Sol by Solana.
Solana is a dynamic blockchain, enabling builders to create decentralized Apps especially in Decentralized Finance (DeFi) providing great financial solutions.
Since Sol is the network’s native crypto that oversees all transactions across its ecosystem, it has a great potential to still go bullish in 2022 and in the future.
BNB is another dope cryptocurrency to keep a tab on in 2022.
When it comes to trading volume and number of users, Binance still remains the largest cryptocurrency exchange in the world.
BNB which is Binance native asset, enables users to pay lower commission on their exchanges.
This gives great potential to BNB making it a growing coin to invest and have in your portfolio in 2022.
Though it’s a fact that crypto market is volatile and past months of 2022 have witnessed unprecedented Crypto downtime, there are still potential coins set for the moon in the coming months in 2022.
And those considered above seem highly to blaze the trail for investors.