Investors are already searching for the most promising cryptocurrency in 2022, even though the year is still in its early stages.

Market fundamentals are strong and the market is still vibrant. There's hope that it can break out of its bearish slump and enter the green zone. To maximize your gains, these are the top cryptocurrencies you should buy in 2022.

1. Bitcoin (BTC).

Bitcoin is still the pioneer of cryptocurrency, but it has much more to offer. The market's dominant position is 41.4%. This means that any movement in Bitcoin's prices will likely ripple down to all altcoins.

Bitcoin enjoyed a very good year in 2021, even though most of its gains were lost at the end. There are still many opportunities in this year. As countries struggle with cryptocurrency regulations, the battle for pure-play Bitcoin exchange traded fund (ETF), is not over.

There are many upsides to Bitcoin's price as it becomes more mainstream and institutional adoption increases.

2. Solana (SOL)

SOL is next on our list for the top cryptocurrencies to invest in 2022. The native token of Solana's blockchain saw a record year in 2021. Its price soared by 6,200% despite the December slump.

Already signs point to 2022 being another big year for SOL. Recent months have seen significant growth in the Solana blockchain. A report by a Bank of America digital asset strategist claimed that the network could become the VISA of cryptocurrency networks.

Many people expect SOL will have an amazing year with so many impressive growth prospects. You should be looking out for it.

3. Binance Coin (BNB).

BNB, which is the native token of Binance, is another promising cryptocurrency that investors are keeping an eye on for 2022. The asset has been in trouble for the last few months, but many of these problems are related to Binance.

Binance was the most prominent unregulated cryptocurrency exchange after it had fought with numerous regulators over the past year. Binance has made it clear that it will change the narrative by 2022 and has not failed to do so.

Binance has been granted licenses to operate in Canada, the Kingdom of Bahrain and other countries within the last month. BinancceUS, the American subsidiary of the company, has also started trading in Connecticut. The exchange also plans to expand into Thailand, a country it had to abandon due to regulatory issues.

Binance's growth will continue to make BNB more attractive.

4. Ether (ETH).

Ether, the largest altcoin, had a mixed 2018. It managed to escape Bitcoin's shadow and delivered 409% returns over the course of last year. The current market slump, however, has also been harsh for Ether, which is still moving in correlation with Bitcoin.

There is still a lot of hope in Ether. While the Ethereum blockchain is still in transition, it plans to move permanently to the Proof-of-Stake (PoS). If successful, this transition will allow Ethereum to remain the top blockchain.

Smart money will place their bets on Ethereum and Ether to succeed in this year's election.

5. Dogecoin (DOGE).

Dogecoin was a huge hit as it became the most popular cryptocurrency among retail traders. The top meme coin was a huge success thanks to celebrity endorsements and social media hype.

Dogecoin's top stakeholders are deciding to get rid of the meme coin narrative as they move into the new year. Tesla CEO Elon Musk has long praised the asset's use as a payment method. The Tesla store began accepting Dogecoin for merch payments this month.

The Dogecoin Foundation is working with Vitalik Buterin, Ethereum co-founder, to add staking to the asset. Doge will be bought by more investors if this plan succeeds. This is the perfect cryptocurrency to invest in 2022.

6. XRP (XRP).

XRP is still the standard for cross-border payment in crypto markets. Although the asset has been in rough times, its developer, Silicon Valley-based RippleLabs, was involved in a legal dispute with the Securities and Exchange Commission.

XRP has been plagued by fraud since December 2020, when several major exchanges removed the asset from their markets. Despite this, XRP enjoyed a 279% gain last year thanks to the bull market.

Ripple Labs is optimistic that the SEC case will be resolved quickly, allowing them to pursue some of their goals, which could include an initial public offer (IPO) according to some sources.

7. FTX Token (FTT)

FTT is the native token of FTX - one the most popular crypto spots and derivatives exchanges in the world. FTX is a cryptocurrency behemoth despite being just five years old. It has a growing user base and a wider range of products.

Analysts expect FTX, like Binance to grow dramatically in 2022. One top company executive stated that stock trading would soon be available to customers. FTX recently announced a $2 billion venture capital fund that will invest in Web3 technology and other innovative technologies.

It seems like a great time to buy FTT, with such expansion.

8. Axie Infinity, (AXS).

Axie Infinity was a huge hit last year, as more people became interested in the metaverse. This game combines concepts such as the metaverse with non-fungible tokens, NFTs. It is now arguably the most popular in crypto.

Market participants are hopeful that Axie Infinity will maintain its user base, despite the metaverse craze. AXS, its native token will see a steady increase in activity.

9. Decentralization (MANA).

Decentraland's MANA is another asset that has been benefited by the blockchain gaming and metaverse craze. It also makes our list for the top cryptocurrencies to purchase in 2022.

This asset powers all of Decentraland's activities - a blockchain game that allows players to experience a variety of games and experiences.

Decentraland is already 2022 strong and has formed a partnership with Samsung. We expect Decentraland to sign more deals as more brands look to create a niche in the metaverse.

10. Polygon (MATIC).

MATIC rounds out our list for the top cryptocurrencies to purchase in 2022. This coin powers the Polygon ecosystem which is designed to assist developers in overcoming some of the difficulties posed by Ethereum blockchain.

Polygon has quietly been building a formidable platform. The Associated Press recently launched an NFT marketplace, which has seen significant NFT activity on Polygon.

NFTs remain a hot item and are not expected to slow down. Polygon could be a hub of NFT activity, which will increase MATIC's visibility.

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By: Jimmy Aki
Title: 10 Most Promising Cryptocurrency For 2022
Sourced From: insidebitcoins.com/news/10-most-promising-cryptocurrency-for-2022
Published Date: Mon, 24 Jan 2022 10:54:07 +0000