Is Investing in Crypto Worth it in 2022? In depth discuss.

Have you ever wondered whether it is fruitful to buy cryptocurrency this year? If you answered yes, you are a lucky one.

Because here, we will discuss if investing in crypto in 2022 would be a good idea.

There was a time when most people didn’t want to mess with cryptocurrency at all. People had no trust in it.

Crypto was a totally new type of currency back then. However, today it is not the case. Crypto has become one of the most sought-after assets in today’s world.

If you too are planning to set foot into the world of cryptocurrency, you might be wondering whether investing in crypto would be a boon or a curse in 2022.

Don’t worry. In this piece, we will talk about it in detail. So read on.

Quick crypto market rise and fall facts

• Before discussing whether investing in crypto is worth it this year, let us take a quick glance at the stats regarding the rise and fall of the crypto market. This will give you an idea about what you are getting yourself into:
• Cryptocurrency came into being in 2009 after the Great Recession happened the previous year. Bitcoin (BTC) was the first cryptocurrency ever created. The launch of BTC signified the practical application of cryptocurrency as an academic concept.
• Bitcoin was meant to eradicate the control, oversight, and fees that had been an integral part of cash transactions. And on January 3, 2009, the first blockchain was created with the first-ever block. This block got the name “Genesis Block.”
• While the first blockchain was launched on January 3, 2009, the first-ever BTC transaction occurred after more than a year – on May 22, 2010. This happened when an individual residing in Florida convinced Papa John’s to deliver him two pizzas worth 25 USD by exchanging 10,000 BTC. From this, we can figure out the initial value of Bitcoin at 4 BTC/Penny. Among crypto enthusiasts, May 22 is known as “Bitcoin Pizza Day.”
• In February 2011, Bitcoin’s price went over the 1 USD threshold. 10 years later, in November 2021, the price of Bitcoin reached an all-time high with 1 BTC being equal to 68,789 USD.
• Today, besides Bitcoin, there are more than 19,000 different crypto coins available in the market, including Ethereum, Tether, Solana, and so on. However, Bitcoin is still the most valuable crypto in circulation with Ethereum and Tether acquiring the second and third positions, respectively.
• Presently, the total value of all existing crypto is approximately 919 billion USD. Fascinatingly, around 389 billion of this 919 billion USD is from Bitcoin. Also, the BTC blockchain’s size was about 415 GB meaning it has doubled in size from what it was just 3 years ago.
• However, in an unfortunate turn of events, the crypto market has seen a massive downfall in the first half of 2022. Both BTC and ETH have faced over a 50% fall in price from their all-time highs in late 2021. That’s a huge fall, to be honest. It’s true that a few little surges have occurred in recent weeks, but it has not done anything significant to improve the crypto market as a whole. Some experts have anticipated that the crypto prices might drop even more before any persistent recovery. Nonetheless, it is only an assumption because no one can say anything for sure.

As is perceptible, since its inception, the cryptocurrency market has gone through several ups and downs. Sometimes the prices have reached an all-time high, while sometimes they have experienced drastic drops.

As for this year, the crypto market has suffered a massive blow due to huge drops in crypto prices and has pretty much come to a halt. So, now the question is, would investing in crypto in 2022 be smart?

Well, the short answer is yes. While at first, it might seem like a bad idea as the market is stalled, things can turn into a boon for you if you play your cards right.

If you make a good strategy and choose the cryptos to invest in carefully. To make things easier for you, we will give you a list of the best cryptocurrencies to purchase this year.

Top cryptocurrencies worth investing in 2022 

In case you were unaware, despite the fall in prices of traditional crypto coins, meme coins have arisen as popular altcoins.

Below, we will inform you about some of the best crypto coins to buy and hold this year.

1. Dogecoin 

For your info, Dogecoin or DOGE is the first-ever meme crypto to become available to people. It came into being in the year 2013 out of a trending joke on the internet.

After it arrived in 2013, it held a safe and secure position and started showing potential from 2020 onwards when several sports teams recognized DOGE as a payment model.

Besides that, it also got entry to the AMC theaters. Plus, business top guns like Mark Cuban and Elon Musk also favor DOGE over other available cryptos. A single tweet is all it takes for them to make the DOGE price go sky-high.

Today, Dogecoin is among the top 20 most popular cryptos in the world. Experts believe the DOGE has serious potential to achieve an increased rate of adoption and reach the 1 USD mark by the year-end.

If you’re considering investing in crypto, Dogecoin could be a great choice because you can purchase it at a massive discount now.

If the experts’ predictions are correct, you can get DOGE today at an 82% lesser price than what has been predicted.

2. The Sandbox

Next, we have The Sandbox. It is probably the best crypto to invest in the metaverse. The Sandbox or SAND is a prominent metaverse token that seeks to create a link between the virtual and real worlds through exclusive NFTs.

This way, players from around the globe can delve into the Sandbox ecosystem while networking and communicating.

Users are free to make and personalize their own characters within the Sandbox metaverse. They can then utilize these characters to start competing in play-to-earn games.

Since its inception, SAND coins have generated huge returns. That means it has performed in the crypto market promisingly.

Initially, 1 SAND was equal to 0.05 USD in mid-2020. It touched its peak price-wise in November last year when the price went over 8.40 USD per SAND. Such an increase has caused a 16,000% gain. Today, you can buy this crypto at an enormous discount when compared to its peak price.

3. Solana

If you’re looking for a profitable way for investing in crypto, you should give Solana or SOL a chance. Since its arrival, it has slowly grown to challenge the dominance Ethereum has over the crypto market. For this reason, Solana is sometimes referred to as the “Ethereum Killer.”

Staying true to its nickname, Solana has shown greater performances in many aspects when compared to its rival ETH.

For instance, Solana is capable of handling 65,000+ transactions/second, while Ethereum is capable of handling only 16. Also, when it comes to fees, Solana is way better than Ethereum, as transactions on Solana’s network are almost free of cost. On the contrary, Ethereum transactions are quite costly and unaffordable to many.

When Solana was launched two years back, it was priced at 0.78 USD. Today, however, the price has become 40.39 USD. Experts have predicted that SOL prices could increase by more than 1,550% within the next 5 years. So, it’s pretty clear that if you buy Solana today at a discounted price and hold it for the next couple of years, you might hit a jackpot profitwise.

4. Shiba Inu

Another great option to consider if you’re aiming to enter the crypto market in 2022 is Shiba Inu or SHIB. Shiba Inu is a meme-based cryptocurrency that has gained immense popularity today. After being launched in the market back in 2020, SHIB has surpassed its rival DOGE last month with an 800% price gain.

Although it is a newcomer, SHIB has great potential, as is clear from the fact that it has overtaken several big names in the crypto market regarding currency performance within such a short time. No wonder why it has secured its place among the top 20 cryptocurrencies out there.

People who spent just 2 USD buying SHIB in January 2020 became a millionaire by November. Such was the price increase (more than a whopping 48,000,000%).

It is true Shiba Inu was launched as a typical meme coin. However, its goal now is to introduce a metaverse platform, and it is showing rapid growth as well. Therefore, it would be a miss not to purchase some SHIB while its prices are still 65% lesser than its fascinating latest highs.

5. XRP 

It would be a crime not to mention XRP while talking about top crypto coins to buy in 2022. When it comes to cross-border payments, it is hard to find many cryptocurrencies as efficient as XRP.

In case you didn’t know, XRP got itself in trouble with the US Securities and Exchange in the later part of 2020. This caused its prices to drop drastically. The drop was so insane that XRP went from being the third-largest crypto market cap-wise to being the sixth-largest.

Today, you can get your hands on XRP at a hugely discounted price of 1 USD/token. If you buy some XRP coins now, you might be in for a massive profit soon as experts speculate XRP to recover from this state quickly and get its lost glory back.

Also, they believe that this token would experience steady growth throughout the year and reach about 2.14 USD/token by the year-end. Thus, it would be a smart idea to buy XRP now, hold it till it reaches its all-time high, and sell it before its price drops again.

6. Binance Coin 

While looking for the best options for investing in crypto, you should not overlook Binance Coin or BNB. BNB comes to you from the world’s largest crypto ecosystem, Binance.

For your info, BNB is the native token for Binance Chain and Binance Smart Chain.

Binance coin was initially created with the intention of providing an alternate method of paying for trading fees on the Binance platform. Now Binance Coin is among the best utility tokens that work outside the Binance ecosystem as well – across multiple blockchain and non-blockchain agencies.

Interestingly, you can utilize BNB for payments for many purposes like travel, property, various online services, etc.

Apart from that, you can also use Binance Coins to buy virtual gifts, pay freelancers online, and so on.

Such usefulness and convenience have contributed to its immense popularity among cryptocurrency enthusiasts worldwide. It has secured its rightful place among the foremost crypto platforms internationally with deep liquidity pools.

So as a natural consequence, Binance has been successful in boosting BNB adoption manifold.

When it comes to market capitalization, BNB has acquired its position among the top 4. Back in 2017, BNB had a price of only 0.11 USD. However, today, it costs 689 USD+/token.

That means since its inception, Binance Coin has seen over a 619,000% increase in value. As it is clear from the stats that BNB is a good purchase because it is showing amazing potential to grow.

7. Uniswap

The last option in our list to consider while investing in crypto is nothing other than Uniswap or UNI. FYI, Uniswap is a chief DEX that offers its famed crypto, backing its ecosystem. The best part about Uniswap is that you don’t need a centralized exchange to buy/sell crypto here.

Instead, it utilizes P2P to get things done. As there is no intermediary involved, Uniswap has become incredibly popular among investors. Currently, you can buy UNI at a heavily discounted rate of around 75% when compared to its all-time high, that is, 44 USD/token. So, it won’t be wise to miss this chance.

Conclusion of The

As you can see, while the crypto market is going through some difficulties now, you can make significant profits in the future if you play smart. 

Here, in this piece, we gave you a list of some of the best crypto choices to opt for today. Try buying them and you have a big chance to gain a lot when situations become a bit better.

However, always remember one thing. Cryptocurrency is pretty volatile by nature. Its prices keep rising and dropping throughout the year.

So truth be told, it is a risky and speculative investment. There is no guarantee that you will make a profit. Nobody can say for sure.

Thus, besides using this article as a guide, it is absolutely vital to analyze the market carefully and use your own judgment before investing in crypto. Good luck!

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