Introduction: In this article the author Analytics Insight discusses what they think are the best cryptocurrencies and why.
For crypto investors, investing in the best cryptocurrency is the only sure bet to getting good returns
Every year, the crypto market continues to grow, adding thousands of new coins and millions of new users. For crypto investors, picking the best cryptocurrency will give them the best returns. There are a lot of cryptocurrencies on the market, so choosing the right one can be difficult. This list contains some of the best cryptocurrencies crypto investors should watch in 2022. Read more to learn why they might be the best:
1. Shiba Inu (SHIB)
Shiba Inu’s explosion in 2021 was not anticipated. A meme coin to grow by almost over 50m per cent was not in most people’s minds. But the coin is moving from now just being a mare meme coin to a token with real utility. The team is already making changes that will make the Shiba Inu more attractive in 2022.
The platform is decentralising further to give the community more control over the network. The launch of the Doggy DAO in 2022 is one of the attempts by the team to revitalise the project. The launch of this DAO is expected to boost the value of the coin.
The $BONE, the token to be used on the Doggy DAO, will also be used as a gas token for the Shibarium blockchain. These are development that will add utility to $SHIB. Shiba Inu is also one of the top 20 largest cryptocurrencies based on market value hence one of the best cryptocurrencies of 2022.
2. Safemoon (SFM)
Safemoon is still one of the biggest DeFi projects in the industry. The DeFi project is still in the development stages with only the Safemoon wallet out. So there is a lot that is coming up in 2022 that will make Safemonn one of the best cryptocurrencies this year.
The Safemoon V2 protocol upgrade is complete, and the V1 officially closed. So the network is running on a new protocol which more secure, faster, and costs less to transact. These are some of the major challenges that bedevilled the projected in 2022.
But is Operation Phoenix that might bring a lot of changes to the Safemoon coin. The project includes a lot of innovation, but the decentralisation of wind turbine energy is the most attractive. But the team has also hinted at the coming of the Safemoon exchange as paper of Operation Phoenix. Safemoon is definitely a cryptocurrency to watch.
3. Dogecoin (DOGE)
The demand for the blockchain-based payment system is increasing rapidly as the number of crypto users grows. This is why most DeFi projects are working on decentralised payment systems. Dogecoin is one of the oldest peer-to-peer digital currency payment systems. The Dogecoin team has designed a powerful payment system that supports evens huge online payments.
The team is working to improve the Dogecoin platform by increasing transaction speed and reducing the transaction fee. The project has also been getting a lot of publicity from the billionaire entrepreneur Elon Musk. He has recently been commenting positively about Dogecoin, which is growing the coin.
With the many partnerships that Dogecoin plans to make in 2022, the adoption of $DOGE might increase in 2022 rapidly. The currency is currently tanking #12 in terms of market value, which means it is one of the best coins of 2022
4. Bitgert (BRISE)
Bitgert is one of the youngest crypto projects in the market and already showing massive potential. The Bitgert team is building DeFi project that includes a global payment system. One of the things making this project unique is the development of a complete DeFi ecosystem.
The team is developing exchange and a zero gas fee blockchain. These are two products that are going to set Bitgert from other DeFi projects. The Brise exchange will be centralised. For the gasless blockchain is in the development stage, and its launch will be a game-change because there is another such blockchain.
The no gas fee is one of the reasons why Bitgert might be the best cryptocurrency of 2021. The team has also doxxed, and the project will be registered as a legal entity. Read more about the project on the Bitgert website.
5. Centcex (CENX)
Centcex should be one of the cryptocurrencies on the investors’ watch list. It is a new project that launched in mid-November 2021. Centcex is promising to provide one of the best utility blockchain projects in the market. The platform provides a platform for the development of more secure and user-friendly dApps.
The CENX might be one of the best utility tokens in the market, which is why crypto investors are interested in it. There is a range of products that will be developed on Centcex protocol, and one of them is the powerful Centcex crypto exchanges.
The Centcex lab, which is funded by 3% of every transaction, is developing an unlimited number of products. This means multiple products on the platform ecosystem, which is more revenue to stakers. Read more on the Centcex website. It might be one of the biggest cryptocurrencies.
Babydoge launched in June 2021 and is already doing very well in the market. There are a number of the reason it should be one of the cryptocurrencies to watch in 2022. First, Babydoge is a DeFi project that is developing one of the best utility tokens. The tokenomics of this cryptocurrency are also very attractive to investors.
On tokenomics, Babydoge is redistributing 5% of every transaction to all token holders for just holding tokens. There are also many rewards that token holders are enjoying from this deflationary token.
To increase token utility, the Babydoge team hinted at venturing in pet charity, NFT creation, GameFi, and other products. The unconfirmed association with Elon Musk and Dogecoin is also giving Babydoge the marketing it needs. These are just some of the reasons why Babydoge might be the next big thing in the crypto industry.
In conclusion, crypto investors must always make investment decisions based on the strength of the crypto project. Conclusive research on the project is highly recommended before deciding to invest in a project.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.