The Potential Of Crypto Assets: The Top 5 Cryptocurrencies To Watch in 2022

For the previous several months, Bitcoin and several other leading cryptocurrencies have been on a downward trend. Following the Bitcoin crisis, the value of a variety of digital currencies plunged drastically. Cryptos are a high-risk asset class, but they’re easy to navigate, but the high level of unpredictability and volatility continues to discourage many crypto investors from realising the benefits of investing in the main crypto assets such as Bitcoin and Ethereum. It’s all too easy to be on the wrong side of a crypto trade when markets become very volatile, but that doesn’t mean you have to sit there and watch your portfolio crumble by the hour.

As we approach 2022, a slew of intriguing new digital currency ventures is sprouting up, with the potential to provide rewarding investment opportunities. Many people have invested in virtual currency, but for those who haven’t, there may be some confusion about how to get started, what sorts of cryptocurrencies to invest in, and how to enter an industry with such high expenses. So, if you are looking for the best cryptocurrency to invest in this 2022? Here’s a short breakdown of our top market opportunities right now:

Bitcoin

There is no need for a further presentation of Bitcoin in this global crypto market. Despite its high volatility, it has now risen to the top of the market. After setting a new record in 2021, additional records are expected to be achieved in 2022, as this is one of the most promising digital currencies between 2022 and 2025. Several businesses, financial organisations, and educational institutions have already begun to accept Bitcoin payments for quick and simple transactions. Furthermore, the value of Bitcoin is projected to skyrocket as a result of the country’s efforts.

Ethereum

Ethereum is a cryptocurrency founded on decentralised financial ideals since the products and services offered by Ethereum are available to anyone with sufficient access to the internet. It is a decentralised blockchain technology that serves as a network platform for various cryptos and enables the execution of decentralised smart contracts. Many cryptocurrency investors are anticipating more from the improved Ethereum network, which is expected to be faster and more efficient than ever before.

Aave

Aave is an Ethereum-based token that is used to power AAVE, a decentralised non-custodial money market system in which users may participate as lenders or borrowers. AAVE crypto asset was the 44th largest virtual currency as of October 27, 2021, with a market worth of $4.59 billion. The total value locked (TVL) of the Aave system has been $19.2 billion since around October 27, 2021. With the AAVE coin price projection you can see if this crypto is still worth investing in.

XRP

Ripple rounds up our list of the best virtual currencies to buy in 2022. Ripple is primarily responsible for ‘RippleNet,’ a fund transfer and trade system that is simpler and faster than banking institutions. Users all around the world can ultimately transfer money using XRP, the platform’s native token, as a ‘bridge.’ Furthermore, cross-border transactions are practically quick compared to previous methods. As the speed of digital transactions increases, virtual currencies like XRP are likely to become more mainstream, making XRP an appealing investment choice in the coming years.

Cardano

Cardano‘s adaptable network and low energy usage make it a popular choice among cryptocurrency investors. It is well-known for its open-source, decentralised blockchain technology that allows smart contracts. Because it started employing DeFi services in 2021, its worth is predicted to skyrocket between 2022 and 2025. It has reached the fourth position in the cryptocurrency industry by using Proof-of-Stake consensus techniques to validate transactions. It is expected to skyrocket in value in 2022 when new features are added, and the world’s first crypto or FIAT payment content subscription platform is established.

Takeaway

Controlling your emotions during a falling market is not as simple and clear as it appears. Acknowledge that fear and greed are powerful motivators that usually lead to impulsive judgments that result in missed opportunities. Having a clear plan in mind before executing a transaction might mean the difference between making a profit and losing money. Profit-taking is another seemingly easy but really difficult skill to master. Greed may keep you in a trade past your take profit level in the expectation that the asset’s value will continue to rise. This increases the chances of the transaction going against you, especially if you don’t apply stop-losses effectively.

Read also: Why Your Salon Should Start Accepting Crypto as Payment