
Knowing which cryptocurrency to buy in 2022 can be a complex task – not least because almost 17,000 digital tokens are now actively traded in this industry.
This brief article will attempt to clear the mist by discussing the five best cryptocurrency to invest in 2022 – alongside a quick walkthrough of how to purchase your chosen token in less than 10 minutes.
The 5 Most Popular Cryptocurrency to Buy in 2022
Below you will find a list of the best cryptocurrency to buy in 2022.
- Bitcoin – Most Popular Cryptocurrency to Buy
- XRP – Top Cryptocurrency Partnered With 200+ Large Banks
- Uniswap – Decentralized Exchange With Top-Performing Cryptocurrency
- Decentraland – Virtual Gaming World Linked to the Metaverse
Scroll down to find out why we think that the above five projects represent the best cryptocurrency to invest in 2022.
A Closer Look at the Most Popular Cryptos to Invest in
In the sections below, you will find an analysis of the five best cryptocurrencies to buy in 2022. Always do your own research before parting with any money.
1. Bitcoin – Most Popular Cryptocurrency to Buy
As the world’s first and largest cryptocurrency in terms of market capitalization and trading volume – Bitcoin needs no introduction. This digital currency could be a good addition to your portfolio – not least because Bitcoin is viewed as a store of value.
In particular, Bitcoin can be a great hedge against the traditional financial markets – especially as inflation levels continue to rise as a result of continued Central Bank stimulus packages. In terms of performance, returns on Bitcoin have been a bit more modest in comparison to the wider industry.
With that said, Bitcoin is up over 4,300% in the prior five years. In comparison, the S&P 500 – which is a great barometer of the broader US economy, has grown by just 105%. As such, it is clear to see that Bitcoin continues to outperform the conventional stock markets.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. XRP – Cheap Cryptocurrency to Buy & Partnered With 200+ Large Banks
XRP is the native cryptocurrency of Ripple – which is behind the innovative technology that allows large banks to transact on an international basis. More specifically, when banks use Ripple to transfer funds transnationally – transactions take less than five minutes to confirm.
In comparison, the traditional method of performing cross-border transactions via SWIFT can take up to three working days to arrive. Furthermore, while SWIFT transactions are costly, sending XRP via the Ripple network costs banks the equivalent of $0.0002.
Another benefit of Ripple is that it can facilitate transactions containing two competing currencies. For instance, if the Kenyan shilling is being sent and the recipient requires British pounds, XRP acts as a bridge of liquidity.
In terms of performance, XRP is up over 156% in the prior 12 months. It is, however – at less than $1 per token, trading at a much lower price in comparison to its 2018 all-time high of over $3.84. This allows you to buy this top-rated crypto asset at a huge discount.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Uniswap – Decentralized Exchange With Top-Performing Cryptocurrency
It’s also worth diversifying into a number of decentralized finance (DeFi) coins when building a basket of cryptocurrencies. At the forefront of this industry is Uniswap – which is behind a popular decentralized exchange (DEX).
Put simply, Uniswap allows people to buy and sell digital tokens without needing to go through a centralized party. In other words, transactions are essentially being carried out on a peer-to-peer basis.
The UNI token sits at the heart of the Uniswap exchange, allowing users to pay transaction fees, partake in governance decisions, and engage in staking. In the 12 months prior to writing this article, the value of Uniswap has risen by 54%.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
4. Decentraland – Virtual Gaming World Linked to the Metaverse
The final project from our list of the best cryptocurrency to buy in 2022 is Decentrand and its native MANA token. Put simply, Decentraland is behind a virtual gaming world that allows players to trade in-game items.
Linked to the Metaverse, the largest sale from within the Decentraland game stands at over $2.4 million for a plot of real estate. All transactions that take part in Decentraland are facilitated in MANA – which gives the digital token a real-world use case.
When it comes to performance, Decentraland tokens are up over 2,500% in the prior 12 months alone. As such, this top-rated project was one of the best-performing tokens of 2021.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Buy Cryptocurrency on eToro
If you’re looking to buy Bitcoin or the best altcoins discussed on this page – you can complete your purchase with eToro in less than five minutes.
In doing so, you will be using a heavily regulated broker that supports cryptocurrency investments from just $10.
This means getting the best price possible before it launches on an exchange.
- Step 1: Open eToro Account: Visit the eToro website and open an account. Enter your personal information and contact details when prompted.
- Step 2: Deposit Funds: The minimum deposit at eToro is just $10 for US and UK clients. Otherwise, it’s $50. Choose your preferred payment method – which includes debit/credit cards and e-wallets, and confirm the deposit.
- Step 3: Search for Crypto: Search for the cryptocurrency you want to buy and click on the ‘Trade’ button.
- Step 4: Buy Crypto: Finally, enter your stake in the ‘Amount’ box and click ‘Open Trade’.
eToro will add your newly purchased cryptocurrencies to your portfolio instantly.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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