Which cryptocurrency is the most promising for investment in 2022?

2017 can rightfully be considered the year of the cryptocurrency breakthrough. Bitcoin has proven to the whole world that to exchange assets and make purchases abroad, you don’t need arrogant banks with their high transfer fees and requirements for customer reliability. Now you can transfer money to anyone, anywhere, without asking anyone for permission. This advantage over aristocratic financial institutions made Bitcoin also attractive as an investment opportunity. Its rate is growing and it is pulling other cryptocurrencies along with it. This is what our article is about. Today we are talking about cryptocurrencies suitable for investment in 2022.

Why it makes sense to invest in cryptocurrency

Several facts that do not provide sufficient grounds to say that cryptocurrency has no future:

• Cryptocurrency has been buried several times already.
• Japan is the first and not the last country to legalize cryptocurrency.
• Chicago's CME is launching Bitcoin futures contracts.
• The NASDAQ exchange has the same plans.
• The Russian government is discussing the launch of a national cryptocurrency.
• Amazon.com is considering using cryptocurrencies as a means of payment (rumor).
• Bitcoin is a “bubble”, “pyramid”, “candy wrapper”, but this is still inaccurate (more details below).

With all this, to invest you do not need to be a triple trader or seven spans in your forehead. Cryptocurrency was originally conceived as a convenient payment instrument.

Ambrosus

Recently, several projects have seen the light of day that provide the ability to track the path of goods from the beginning of the production process to the consumer using special tags. By installing the application on the phone, a potential buyer will be able to trace the entire path that the product has gone through. Ambrosus, due to its youth (appeared in the fall of 2022), is still in the shadow of similar projects - Valton, Triggers, WaBi. The coin’s capitalization is only $120 million, but the scope of the idea and prospects are on a planetary scale.

Bitcoin rate in 2022: scenarios and growth limits

— Bitcoin is already worth more than $13,000, it’s too late to invest

This thesis can be looked at from the other side. At the time of writing, the cryptocurrency market capitalization was $0.370 trillion. The world's money supply in dollar terms (the sum of all the money on the planet) is $90 trillion. If we very carefully assume that cryptocurrency will supplant the Jamaican currency system and national fiat currencies over time, then, as you can see, electronic money has room to grow.

If we also assume that approximately 2/3 of the world's money supply will be Bitcoin, then the price to which it could theoretically rise can be calculated:

• number of issued BTC coins as of 12/06/2017 = 16,723,212;
• by the end of 2022, another 657,000 bitcoins will be mined, for a total of 17,380,212;
• 2/3 of $90 trillion = $60 trillion;
• theoretically, Bitcoin could grow to $60 trillion / 17,380,212 = $3,452,202 (excluding inflation, global GDP growth, etc.).

Of course, this is more of a fantasy scenario. At least in 2018. But let's see what part of the investment market Bitcoin can win now. The entire gold market today is valued at $8 trillion. In terms of the number of coins, the cost of Bitcoin will be $460,294 . But this is a completely realistic scenario.

Other BTC price forecasts (expert opinions):

• Thomas Lee (co-founder of Fundstrat Global Advisors) – $11,500 by mid-2018;
• Clif High (halfpasthuman.com) – $13,000 by March 2018;
• Ronnie Moas (founder and director of Standpoint Research) – $20,000 in 2018;
• Michael Novogratz (CEO Galaxy Digital) – $40,000 in 2018;
• Tone Vays (LibertyLifeTrail.com) – $100,000 by the end of 2018;
• Mark Yusko (founder of Morgan Creek Capital) – $400,000 long term;
• John McAfee (founder of McAfee Associates) – $1 million by the end of 2022.

As we can see, the Bitcoin rate has already exceeded some of these forecasts.

ICON

ICON, ICX is a South Korean blockchain, which so far looks modest compared to Ethereum (Ehereum, ETH), Cardano (Cardano, ADA), EOS, NEO, NEM, but this is only a temporary phenomenon. Ahead is a listing on the largest South Korean exchanges Bithamb and Coinnest. The enormous popularity of cryptocurrency trading in this country (according to some data, about 30% of Koreans are involved in it) leaves no doubt about the prospects of ICON. Already at the beginning of the year, this project entered the top 20 of coinmarketcap and literally made rich those who invested at the very beginning. But in terms of his potential, he should very soon be in the top ten.

Growth leaders among cryptocurrencies in 2017

In 2022, 146 cryptocurrencies ceased to exist and 406 new ones appeared. In total, 904 cryptocurrencies are known today, 303 of which have a capitalization of more than $1 million.

We present a list of the top 100 cryptocurrencies and the ranking of their growth this year.

Bitcoin is only in 54th place in this ranking.

Growth leader – Bitcore (BTX):

Price: $21.37 Growth over the year: 4,078,244% Capitalization: $38,638,888

2nd place – Pura (PURA):

Price: $0.65676 Growth over the year: 2,855,478% Capitalization: $112,936,667

3rd place – TransferCoin (TX):

Price: $4.28 Growth over the year: 115,240% Capitalization: $26,687,307

Table. Cryptocurrencies are the leaders of growth:

Among the “non-top” coins, KingN Coin (KNC) broke all records. It showed the largest increase of 13,009,259%. In 2016, the price of the coin was $0.000108, now it is listed at $14.05. KNC capitalization $28,203.

Little-known cryptocurrencies vs BTC and ETH

At first glance, it may seem that if a cryptocurrency is on the list of leaders, then it must be the most promising. Since she has already managed to collect so much money and users, this base will allow her to develop further.

But it is not so. We are talking primarily about growth prospects that can provide great profit potential. And for the leading cryptocurrencies it is less, if only because everyone knows about them, they have issued most of the coins and many large investors are focused on them. In addition, major changes and growth have already occurred in them.

The likelihood that Bitcoin or Ethereum will suddenly “shoot up” is much lower than for start-up projects, and in their cases, such changes will have to wait much longer.

Also, top currencies have already gone through a period of explosive growth; the maximum that an investor in them can count on is an increase of 1.5-2 times. Whereas in the case of younger currencies, you can count on large growth rates of x5 or even x10.

Therefore, the most promising cryptocurrencies should be looked for among little-known projects that are only gaining momentum. Ideally, they should be considered at the ICO stage.

What to do next and where to invest money

We previously wrote that the best trading strategy is to build a long-term portfolio of cryptocurrencies. Based on an assessment of the technological component, the team of specialists, and the proposed solutions, we believe that the following promising cryptocurrencies are worth considering as investments in 2022:

Disclaimer: We in no way encourage you to invest in Bitcoin or other cryptocurrencies. You make any decision regarding the purchase/sale of electronic money at your own peril and risk.

IoT Chain

IoT Chain, ITC, is a project released to the market a few months ago and called “Chinese IOTA”. IoT, or Internet of Things, is one of the most promising markets. The capitalization of related projects is huge: IOTA – $11 billion, RaiBlocks – $5 billion. Once IoT Chane coins are added to KuCoin or Binance, its current capitalization of $160 million will very quickly turn into $1 billion or more.

"Chinese IOTA" offers investments in the most promising market - the Internet of Things

Summary

Decentralized money is slowly but surely conquering the minds of more and more people. They are distinguished by ease of use, guarantee of anonymity and a high level of security. They are the future of the world of finance. This means that the ability to identify the most promising cryptocurrencies becomes important. Having mastered this quality, the user will be able to multiply his capital many times over.

Factors that can influence the success of cryptocurrency

The most basic factor is the technology behind the coin. They largely determine whether a particular cryptocurrency will be successful or not. This partly explains the popularity and capitalization of Bitcoin, the first cryptocurrency created on the basis of the blockchain.

Today, there are many other coins that offer faster transactions, additional functionality and various add-ons. However, Bitcoin, being the first cryptocurrency created on the basis of blockchain technology, remains in the lead.

As for the emergence of new coins, if you carefully follow their development, you can see that the more interesting technologies they offer, the higher their chances not only of existence, but also of growth. They can also be considered promising cryptocurrencies.

The same Ethereum, which appeared later than Bitcoin, was able to quickly become popular due to the fact that it offered not only a system for conducting transactions, but also smart contract technology that can be used for business.

The same applies to forks of Bitcoin and other coins. If they bring something new to the world of cryptocurrencies, develop technology, make transactions faster and more convenient, and reduce the cost of using coins, they have a great chance of gaining recognition from the cryptocurrency community. As a result, such altcoins have prospects.

In the last few years, many forks have appeared that were created solely for cloning existing cryptocurrencies in order to make a profit from their sale. As a result, today few people know about them and such coins, naturally, have no prospects.

Practical application, relevance and timeliness of technology

These indicators can also indicate the future of cryptocurrency. Any technology must have practical applications in order to become popular. Otherwise, no one will know about it and hardly anyone will use it.

Blockchain technology, in general, has proven to be interesting because it has wide practical applications. Moreover, cryptocurrencies are not the only area of ​​use of Blockchain.

As for new technologies, today interesting solutions are being developed in this industry that will significantly speed up transactions, for example, or maximally decentralize the operation of online services and applications.

How in demand is all this? Blockchain turned out to be very useful, because today not only cryptocurrency adherents are interested in it, but also governments, as well as serious companies. For example, the popularity of Ripple among investors is directly related to the fact that the company has entered into a large number of partnership agreements and cooperates with banks and financial organizations.

Community Trust

This is an important point. The more trust, the more chances a coin has for development. The problem with the cryptocurrency market is that there is no stability. There are not many experts. Often, it is difficult for potential investors to evaluate a particular project solely based on the marketing materials offered on websites.

If information from experts about a particular project appears on specialized sites, attention to it immediately increases and every chance of achieving success appears. Accordingly, these are also promising cryptocurrencies.

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Table of popular coins

Cryptocurrency QTUM (Qtum)

QTUM (Qtum) is a hybrid blockchain platform for application development, as well as a cryptocurrency for servicing the general ecosystem. It combines the technologies of the Bitcoin network (this is a fork from Bitcoin core version 0.13) and the capabilities of smart contracts of the Ethereum network (due to the inclusion of the Ethereum Virtual Machine in the development ,EVM). The result is a mixture of smart contracts and decentralized applications (DApps), on the basis of which a new platform for developers has been formed. Profitability from 300% per year in USD

Buy on exchanges: bittrex.com Store at: https://navcoin.org/downloads/ https://github.com/qtumproject/qtum/releases

The most promising cryptocurrencies according to other ratings

As already mentioned, the Internet is full of authors publishing their own collections. Some of the tokens in them are completely unknown to me, but a lot of information is published about them, and the capitalization inspires confidence.

The risks of investing in these currencies are high, so before investing, collect more information on each coin:

• STEEM;
• Lisk;
• EOS;
• Stellar;
• Cardano;
• Tron;
• Qtum;
• Dogecoin;
• Stratis;
• Bitcoin Gold;
• Komodo;
• Digibyte;
• Icon;
• Aion;
• ByteBall;
• VertCoin.

No one knows for sure what will happen to the same Bitcoins in the near future. However, by choosing promising cheap cryptocurrencies, you can buy yourself a “lucky ticket” with minimal investment.

What if one of the little-known currencies today will cost a million rubles in a couple of years.

How to choose the most promising cryptocurrencies?

To select the best asset, tactics and strategies developed for Forex are often used. Unfortunately, they do not work, because national currencies are tied to the situation in the country, shares of large companies to its activities, and so on.

Cryptographic money is not tied to anything, it is just a block of code in a database.

We recommend that beginners learn what Satoshi and Litoshi are and how to earn them.

New cryptocurrencies are gradually changing this; they are created on the basis of a ready-made business or through the sale of tokens, and raise funds for its implementation. But for now it is too difficult to carry out a serious analysis.

To determine the prospects of cryptocurrency, professionals take these factors into account:

• stable exchange rate growth;
• large capitalization;
• developer reputation;
• high liquidity;
• the purpose of token development.

Data for each crypt is publicly available on different websites. You can try to predict the growth of a particular token on your own, but it’s not that easy. Particular attention should be paid to the news.

Just one major event can cause the rate to rise, and how high depends on increased demand.

Cryptocurrency Lun (Lunyr)

Lun (Lunyr) - Decentralized Wikipedia, a knowledge base that rewards completion. Main releases - winter 2022. Profitability from 400% per year.

Buy on exchanges: bittrex.com Store on: https://www.myetherwallet.com

Cryptocurrency Nav (Navcoin)

Nav (Navcoin) The first completely anonymous cryptocurrency, payment platform with its own hardware. Desktop applications for trading. Profitability from 400% per year.

Buy on exchanges: poloniex.com bittrex.com Store at: https://navcoin.org/downloads/

Get a 10% discount on trading fees on Binance using the code “ CRYPTOSLIVA ” or by registering using this link

The basics of electronic currency trading

A user who wants to start making money with digital money first needs to carefully follow the news. Knowledge about upcoming events in the field of blockchain will allow you to make timely and correct decisions regarding which electronic currency is worth buying and which, on the contrary, to sell. You can learn about all important events on various thematic websites and forums, as well as from social networks.

In addition, services for monitoring them, for example, mapofcoins or coinmarketcap, will help you determine the most promising cryptocurrencies. This is quite easy to do. You need to visit one of these resources, select the required coin and look at the dynamics of its rate growth, the total trading volume and the date of addition. Digital money with good potential will show the highest performance.

Note! However, these are not the only parameters indicating the prospects of electronic tokens. The value of the technology promoted by the site and the interest of potential investors also play a huge role.