Cryptocurrency is gaining popularity among investors, not just for short-term returns but also for long-term investments.
Cryptocurrency is no longer seen as a high-risk investment. Both retail and institutional investors are taking digital assets very seriously. Investors regard digital currencies as desirable for both short-term and long-term investments since there is so much excitement surrounding them. Which ones, though, should you invest in? Take a look at this best cryptocurrency to invest in 2022 for the long term guide, if you’re having any doubts.
We’ll go through numerous cryptocurrencies that have routinely topped market cap charts to make things easier for you. These might be viable long-term investments due to their relative stability.
Best cryptocurrencies for long-term investment in 2022
Here’s a brief rundown of the best cryptocurrencies to purchase or invest in this year.
- Bitcoin
- Ethereum
- Dogecoin
- ApeCoin
- Binance Coin
- Uniswap
- Solana
Let’s take a closer look at each of these cryptocurrencies.
Bitcoin (BTC)
Overall, Bitcoin is always the first choice cryptocurrency for newcomers to get their hands on. Have you ever questioned if it’s possible to buy Bitcoin despite its exorbitant price? If you’re just starting to start in the crypto-asset industry, Bitcoin may be the most undervalued crypto to buy right now. This is because the most popular cryptocurrency is far less volatile. After all, in terms of market capitalization, BTC is the most valuable crypto asset.
Bitcoin has been stuck in a consolation phase in terms of price and worth in the first several months of 2022, lingering around $27,000 – $34,000. However, Bitcoin price forecasts suggest that by the end of 2022, BTC will be valued at more than $74,000.
So, if you want to buy and hold cryptos for a long time, Bitcoin could be a decent choice. Another big benefit of owning Bitcoin is the possibility to divide the primary digital currency. This means you can buy a fraction of a Bitcoin unit for a little fee.
For example, if Bitcoin was worth $30,000 and you invested $30, you would own 0.1 percent of one coin. This is ideal for people who wish to try out Bitcoin for the first time without having to deposit large quantities of money.
Ethereum (ETH)
In 2022, Ethereum is the best cryptocurrency to invest in. The Ethereum network is used by the bulk of the cryptocurrency projects discussed in this article. This appears to be the case with practically all of the meme currencies and metaverse initiatives we’ve come across today, so Ethereum should be taken into account if you want to get involved in the crypto world.
If you are ready to invest in Ethereum for the long term, despite the dangers, it has shown to be a good choice. It has the potential to outperform any other investment over time.
The value of Ethereum has also skyrocketed. Its price climbed by more than 32,000 percent from 2016 to early 2022, increasing from around $10 to over $3,550.
Analysts feel that Ethereum’s (ETH) value has a lot of room to rise in the future and that investing in Ethereum is a good long-term investment. As a result, while Ethereum is now undervalued, acquiring and holding the digital asset may be profitable.
Dogecoin
In 2022, Dogecoin is the most undervalued cryptocurrency to invest in for possible upside. Last year, it was one of the most popular cryptocurrencies to buy. After all, Elon Musk tweeted positive things about it, aiding the tremendous gains of the meme currency. Is Dogecoin, nevertheless, a good investment in 2022? To be clear, at the start of 2021, Dogecoin was trading for $0.002.
Dogecoin achieved new highs of over $0.76 per coin in May of the following year. This was a gain of more than 19,000 percent in only five months. However, the price of Dogecoin has since plummeted, reaching a 52-week low of $0.13.
However, Dogecoin price projections show that the joke coin will be valued at more than $1 by December 2022. With that in mind, if you believe in the project, purchasing Dogecoin now at a large discount might give you a significant return because of the upside potential.
ApeCoin
ApeCoin is another promising cryptocurrency for 2022. The gaming currency was released in 2022 by the creators of Bored Ape Yacht Club. It’s a non-fungible token platform with 10,000 tokens (NFTs). This currency allows you to buy some of the most popular cryptocurrencies.
ApeCoin is an ERC-20 cryptocurrency with governance and utility capabilities. The price of this top cryptocurrency was around $6.40 when it was first minted in early 2022. APE prices had increased to about $42 per token in only a few hours. The coin’s price is currently roughly 55% lower than this amount at the time of writing.
ApeCoin was developed as a Metaverse crypto project, which explains its purpose. For online purchases, Shopping.io accepts cryptocurrencies. Users may shop at eBay, HomeDepot, Amazon, Walmart, and other merchants. Coinbase, a bitcoin exchange, handles payments. ApeCoin users, strangely, receive a 2% discount when making online purchases with this coin.
ApeCoin is one of the best cryptos to invest in, according to most ApeCoin price predictions. You might also include it to diversify your portfolio.
Binance Coin (BNB)
In the year 2022, BNB is another cryptocurrency to keep an eye on. In terms of trading volume and user base, Binance is the largest cryptocurrency exchange in the world. BNB, the crypto exchange’s own native currency, allows customers to pay lesser fees.
Binance coins may be used to make purchases, payments, and trip arrangements. It may be exchanged for other cryptocurrencies such as Ethereum or Bitcoin. The Binance Smart Chain, which stores a range of discounted crypto assets, is also powered by BNB.
However, like the rest of the major cryptocurrencies, the Binance Coin has taken a beating in recent months. In 2022, the token has already fallen below the $410 threshold three times, resulting in a buy price drop of more than 45 percent.
Uniswap
Uniswap is an excellent coin to explore. Uniswap is most known for its decentralized exchange, which allows users to buy and sell digital currencies without requiring a centralized third party. Uniswap presently has a market worth of $5.70 billion as of early 2022 as a result of its popularity.
Uniswap, on the other hand, has lately diversified its business approach by developing an online marketplace in partnership with NFTs and the metaverse. Not only will this immerse the crypto trading experience, but by distributing its marketplace across the Uniswap network, buyers and sellers will be able to transact in a decentralized manner.
The coin is predicted to reach $18 per token in 2022, according to Uniswap price estimates. Having said that, the token currently has a purchase price discount of more than 60%.
Solana (SOL)
Solana is a functioning open-source project that exploits blockchain technology’s permissionless capability to offer decentralized financial (DeFi) solutions. Although the Solana project was planned five years ago, it did not make its official appearance until March 2020. SOL is the native currency in charge of overseeing all Network transactions.
Solana is a trending cryptocurrency, with values increasing in the last year. The price of the currency has continuously achieved new all-time highs, grabbing the attention of investors all around the world. If you had invested $100 in Solana when it was first released in 2020 at a price of $0.78, you would have received an almost 410000 percent return.
According to Solana’s price forecast and estimation, the SOL currency would increase by more than 440 percent by 2022, reaching more than $450 per token.
Conclusion
This best cryptocurrencies to invest in 2022 guide has highlighted the basics of each project on the list. We have determined the future potential and dangers to consider before investing.
With that said, we discovered that Solana or ApeCoin is the overall best crypto to invest in right now regarding upside potential.
