5 Best Cryptocurrencies to Place Your Bets On in 2022

a lot of phisycal cryptocurrencies stacked on above each other and some staking coins and some cheap cryptocurrencies 5 Best Cryptocurrencies to Place Your Bets On in 2022 initial farm offerings

We have seen the expansion of a wide range of cryptocurrencies in the last few years. But which are the top 5 best cryptocurrencies to place your bets on in 2022? During some periods of time, some of these cryptocurrencies registered very large price increases that investors were able to capitalize on. However, it is extremely difficult to find the right virtual currency to invest in before it is too late. 

We do not clearly have the right answer about what will happen in the future. But we consider that there are some virtual currencies that we should pay close attention to in 2022. Indeed, we have decided to focus on the top 5 best cryptocurrencies to place your bets on in 2022. In the next few sections, we share with you all the information that you should know about the top 5 best cryptocurrencies to place your bets on in 2022. 

5 Best Cryptocurrencies to Place your Bets On in 2022

In this post, we focus on the top 5 best cryptocurrencies to place your bets on in 2022. This does not mean, however, that these coins will actually rise in price. Indeed, the goal is to understand which are the factors that could help these virtual currencies expand in 2022 and even in future years. 

It is quite difficult to analyze new and small-cap tokens. This is why we decided to focus on virtual currencies that have been in the market for several years now and that could help you understand how the cryptocurrency market works. Most of these coins have been running without bugs and issues for many years now.

Despite the fact that these coins might have a lower risk compared to others, they could also register large gains. Hence, we have decided to include some low-risk virtual currencies that could continue growing and expanding in the future. There are many things to take into consideration about the 5 best cryptocurrencies to place your bets on in 2022. 

Each of these virtual currencies is different. They work in a different way and they also will have different reasons to start moving higher in the future. They are also affected by a large number of things that we should also take into consideration at the moment of analyzing the risks that we could have investing in these digital currencies. 

We have also decided to focus on the top 5 best cryptocurrencies to place your bets on in 2022. But there are many other cryptocurrencies that could move higher and expand as well. The goal was to simply describe which market situations could affect them and have an impact on these virtual currencies. 

Without further ado, let’s start with the top 5 best cryptocurrencies to place your bets on in 2022. 

1 – Bitcoin (BTC)

Bitcoin is by far the largest cryptocurrency in the world and it has been in this way since it was created in 2008/2009. There are many reasons for this cryptocurrency to continue expanding throughout 2022. But let’s first understand where we are today. 

Bitcoin experienced a market expansion between 2020 and 2022. The last part of 2020 was key in order for Bitcoin to start moving higher and experience a bull run in 2021. Indeed, we have seen BTC hit an all-time high of $69,000 in November 2021. This is the highest price ever reached by Bitcoin. 

Crypto Projects Bitcoin

Now, after several months moving lower, we see that Bitcoin has already corrected most of its gains from 2021. The coin is being traded in the mid-30k’s and it could continue moving lower if there are no new buyers ready to push the price of this virtual currency higher. 

Which are the things that make Bitcoin one of the top 5 best cryptocurrencies to place your bets on in 2022? The first thing that you should take into account is that Bitcoin is the largest digital asset in the market and a leader in terms of market direction. For example, if Bitcoin moves higher, then the whole crypto market follows. If Bitcoin moves lower, the whole market falls as well. 

The usual thing is that altcoins move higher faster than Bitcoin if this digital asset grows. The same happens if Bitcoin falls: altcoins fall harder. That means that holding Bitcoin is always a good way to have a large exposure to the general trend of the cryptocurrency market but without risking a lot. 

The second thing that you should know about Bitcoin is that this virtual currency could be adopted as legal tender by other countries besides El Salvador. That means that demand for Bitcoin could continue growing in the coming months and years. Additionally, there are several companies that are still not investing in Bitcoin. 

2022 and 2023 could be very good years in terms of institutional investment in the cryptocurrency market. If there is a greater interest from institutions, then Bitcoin could be demanded even further. Let’s not forget that there are only 21 million BTC to be issued, meaning that there is a limited number of coins available. 

If institutions continue pushing the price higher, then we should also consider another country making Bitcoin legal tender. This would have a positive impact on the price of Bitcoin and the whole crypto market.

2 – Solana (SOL)

Let’s now focus on Solana as one of the top 5 best cryptocurrencies to place your bets on in 2022. This digital asset has had a very positive 2021 with the growth of alternative blockchain networks to Ethereum (ETH) and Binance Smart Chain (BSC). This is due to the fact that the market has been searching for an efficient and scalable blockchain network to execute smart contracts and get access to some of the most advanced decentralized finance (DeFi) protocols in the market. 

Solana (SOL) - How to buy Sol Crypto Coin?

But which are the things that could make Solana one of the top 5 best cryptocurrencies to place your bets on in 2022? First of all, Solana has been growing as an alternative to smart contract networks that were not efficient. For example, we have seen how Ethereum users are paying very high fees to move funds from one wallet to another.

This makes it impossible for investors to get access to DeFi platforms and other smart contract protocols. Therefore, there has been a strong growth of alternative blockchain networks such as Solana. If the current ecosystem (especially the one focused on Ethereum) is not able to offer better and more efficient solutions to users that want to handle smart contracts, then Solana could continue attracting a large number of projects. 

In 2022, we could see projects running on top of Ethereum moving their operations to Solana. This could happen in the coming months as well. This is one of the main bullish aspects to consider about SOL for the next year. 

Secondly, Solana is now establishing itself as one of the most valuable coins in the market. This has positive and negative aspects. The positive thing is that it would now reach a larger number of users and investors. Established coins tend to become more stable in the long term and could help bring a larger number of investors in the coming years. 

Finally, one of the risks that is currently facing Solana is related to its reliability. Despite the fact that this blockchain network became very useful, it was not able to deliver reliable services to users. That means that Solana developers will have to solve this issue and make SOL a stable (in terms of functionalities) virtual currency and alternative. 

3 – Litecoin (LTC)

When we consider the top 5 best cryptocurrencies to place your bets on in 2022 we should also add Litecoin. Yes, we know that this coin has not outperformed the market in the last few years and that it has been moved out from the top 10. However, there are some reasons why this digital currency could become attractive once again to investors in the cryptocurrency market. 

Litecoin Cryptocurrency - 5 Best Cryptocurrencies to Place Your Bets On in 2022

One of the first things to know is that Litecoin developers are working in order to add privacy features to LTC coins. This has been one of Litecoin’s main goals over the last few years. The goal would be to make Litecoin coins (LTC) fungible through Confidential Transactions. If this is finally implemented in 2022, then, Litecoin will become the largest privacy coin in the market. 

This new feature is expected to be implemented in early 2022, but there are other things that we should consider about Litecoin for the coming years. For example, in 2023, the coin is expected to experience a new halving event. That means that the new reward for Litecoin miners is expected to fall from 12.5 LTC per block to 6.25 LTC per block. 

Before the last halving event for Liteocin, the virtual currency experienced a fast price increase that allowed the coin to double in price in a short period of time. This could also happen in the future. However, past performance does not mean that this would get repeated in the future. 

Furthermore, there is another thing to take into consideration. Litecoin has been in a bear trend against Bitcoin for several years now. It might be possible for LTC to start moving higher from a technical point of view. 

This does not mean that it will move higher in USD terms but it might start moving higher in BTC terms. Again, this might not happen at all, but the charts show already that there is a possibility for Litecoin to recover against Bitcoin. 

4 – Ethereum (ETH)

Ethereum has always been a cryptocurrency to add to our portfolios. This virtual currency has been the second largest in the market for many years now and it is expected to continue in this way, at least in 2022 (unless something unexpected happens). 

Despite the fact that Ethereum has been affected by slow transactions and high fees (due to congestion), it continues to be the leader in terms of innovation when it comes to smart contracts. Ethereum developers continue to work on different network functionalities offering crypto users the possibility to engage in different investments and activities. 

Ethereum

Due to the current congestion, Ethereum is transitioning towards Ethereum 2.0. Basically, the goal is to make Ethereum a proof-of-stake (PoS) network. This would let Ethereum handle a larger number of transactions at faster speeds and without being worried about congestion. 

In this way, millions of users from all around would be able to use some of the most advanced smart contracts in the cryptocurrency market. But of course, Ethereum is also subject to risks and competition in the crypto industry. There are some things that we should take into consideration about Ethereum.

For example, Solana (SOL), Cardano (ADA) or Avalanche (AVAX) are some of the blockchain networks that are currently expanding and competing against Ethereum. If these blockchain networks are able to offer better solutions than Ethereum, then, there will be a stronger push for better solutions to be released on ETH. 

5 – Dogecoin (DOGE)

Finally, one of our top 5 best cryptocurrencies to place your bets on in 2022 is Dogecoin. Why? Simply because Dogecoin has had a tremendous 2021 that could be replicated in the future. The Dogecoin community is definitely focused on making DOGE reach $1 per coin, which is not a crazy thing if we think about it after what happened in 2021. 

Why is Dogecoin among the list of our top 5 best cryptocurrencies to place your bets on in 2022? One of the things that we should take into consideration is related to Elon Musk pushing for greater Dogecoin adoption. This has been a reality. Every single time that Elon Musk, the CEO of Tesla, tweeted about Dogecoin, the price of the coin moved higher. 

Dogecoin logo with several coins behind and why is Dogecoin going up? - Will Dogecoin reach 1 dollar?

Something similar could happen in 2022. There are several individuals that purchased DOGE when it was already above $0.10. This is why there might be a goal to push DOGE towards $1 in the coming years. This does not mean that it will happen, but it definitely could happen if certain conditions are met. 

Dogecoin is also closely linked to other virtual currencies such as Shiba Inu (SHIB). If one of these currencies grows, then the other should follow. Closely understanding the relationship between these two virtual currencies is also going to be definitely important to build our market strategy. 

The Bottom Line

Most cryptocurrencies could move higher during a bull run. But it becomes very difficult to find digital assets that would then grow even if there is a bear trend. The goal of this post was to show some of the digital currencies that could move higher in 2022 and the reasons behind these bullish trends. 

If the market turns bullish, it is almost a fact that these coins will be moving higher. However, it would be very difficult to see bullish price actions if the market turns bearish as it happened at the end of 2021 and early 2022. 

Jonathan Gibson

Jonathan Gibson