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Which Cryptocurrency Will Be the Highest Profitable in 2022? [Updated List]
With so many cryptocurrencies out there to choose from, choosing the right one to invest in can be challenging—and even more so if you’re trying to decide which one will be the most profitable over the next three years. But with that said, which cryptocurrency will turn out to be the most lucrative in 2022?
Here are 15 cryptocurrencies trending up and will continue on that path over the next few years.
Also Read: Is Investing In Cryptocurrency A Good Move For Retirees
Most Profitable Cryptocurrencies for 2022
Bitcoin (BTC)
When it comes to cryptocurrency, Bitcoin is always a safe bet. The granddaddy of all digital currencies has consistently been one of the most profitable investments in recent years, and there’s no reason to believe that will change in 2022.
The price of Bitcoin has soared since it became an international brand. In May, you could purchase a Bitcoin for $500. On March 1, 2022, one Bitcoin’s cost was nearly $44,000. This is a growth rate of around 7,800%.
Ethereum (ETH)
Many experts believe that Ethereum will be the most profitable cryptocurrency in 2022. This is because Ethereum has a much higher market cap than any other cryptocurrency, and it is also the second largest cryptocurrency by market cap. In addition, Ethereum has a very active development community and many projects built on top of it.
Ethereum has also experienced massive growth. From April 2016 until march 2022, its value went up from $11 to nearly $3,000, growing by more than 27,000%.
Tether (USDT)
USDT or Tether is pegged to the US dollar. It has recently become a popular cryptocurrency and is often used as a stablecoin. Regarding profitability, Tether is expected to be one of the most profitable cryptocurrencies in 2022. This is because the price of Tether is expected to increase as more people use it as a stablecoin.
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Binance Coin (BNB)
Binance Coin is a cryptocurrency with a real-world use case. It is the native coin of the Binance exchange, one of the largest and most popular cryptocurrency exchanges today. Binance Coin has several advantages that make it a good investment: it is widely traded, has low transaction fees, and offers a high degree of security.
The price of BNB in 2017 was $0.10. At the beginning of March 2022, the price had increased to about $413, an increase of around 410,000 percent.
Ripple (XRP)
Many experts believe that Ripple will be the best investment in cryptocurrency for 2022. The main reason is that Ripple is geared towards institutional investors and banks, which are more likely to invest heavily in cryptocurrency in the coming years.
In the first three months of 2017, the price for XRP at the time was $0.006. At the time of its March 2022 release, the price had risen to $0.80, equivalent to an increase of more than 12,600 percent.
Terra (LUNA)
LUNA is a stablecoin pegged to the Terra network’s value. The Terra network is a decentralized payment system that uses blockchain technology. LUNA is the native token of the Terra network and can be used to pay for goods and services on the network.
From January. 3. 2021, when the price was $0.64 until the beginning of March 2022, Luna has increased by more than 14200%, bringing it to $92
Cardano (ADA)
Cardano, a decentralized public cryptocurrency and blockchain project, is open source. Cardano is currently developing a smart contract platform to deliver advanced features beyond any previously created protocols.
ADA was first traded on October 1, 2017, and has since risen to become one of the top 10 cryptocurrencies by market capitalization.
Solana (SOL)
SOL is a high-performance blockchain platform that is scalable, secure, and energy-efficient. Its team has a strong and profitable track record in cryptocurrency and is building a platform designed to meet enterprise-level businesses’ needs.
SOL is already one of the top 10 cryptocurrencies by market cap, and it is expected to continue to grow in popularity and value in the coming years.
Polkadot (DOT)
Polkadot is a unique proof-of-stake cryptocurrency that allows users to stake their DOT tokens to earn rewards. Three factors determine DOT staking rewards:
- The amount of DOT staked.
- The length of time the DOT is staked.
- The number of validators on the network.
The more DOT tokens you staked, the more likely you will earn rewards.
Litecoin (LTC)
It is referred to as the silver to Bitcoin’s gold. It has many features similar to that of Bitcoin but with faster transaction times and lower fees. It is also among the most popular cryptocurrencies, ranked 4th by market capitalization.
Litecoin has an overall round-off supply of 85 million tokens. The month of May 2021 was when it hit its record-breaking high of $413.47. However, it has dropped by 50 percent. There are an increasing number of businesses that accept Litecoin. It comes with a token worth about $106. It is the 21st largest cryptocurrency worldwide.
Shiba Inu (SHIB)
SHIB is a new cryptocurrency that has been gaining popularity recently. Some people believe that it has the potential to be the most profitable cryptocurrency in 2022. Shiba Inu has a limited supply of only 1 quadrillion coins, which creates scarcity and could lead to an increase in price.
The Shiba Inu team has created a unique marketing campaign that has generated a lot of hype and interest around the coin. The first five months of 2021 saw Shiba Inu prices rallied by over five million percent. SHIB has proven to be one of the most volatile cryptocurrency assets. Over the last 30 days, as an example, SHIB token prices have fluctuated from $0.000007 to $0.000012.
Polygon (MATIC)
Polygon is a layer-2 scaling solution for Ethereum that enables fast, cheap, and secure transactions. It is one of the most popular Ethereum scaling solutions and is predicted to be even more popular in 2022. Polygon has a very active development team and community, which are both important factors in predicting profitability.
Decentraland (MANA)
MANA is powered by the Ethereum blockchain. Users can create and monetize content and applications. The project raised over $24 million in its ICO in August 2017. Decentraland is among the most promising projects in the cryptocurrency space and is among the top pick for the profitable cryptocurrency in 2022.
Avalanche (AVAX)
Avalanche is a new blockchain platform designed to be scalable, secure, and fast. It uses a unique consensus algorithm faster and more energy-efficient than other blockchains.
Because of its volatility, everyone considers it the best crypto to trade. AVAX prices fluctuated from $13 to $29. In the past 30 days, for example. However, AVAX’s daily trade volumes during the same period were between $300 Million to $1.2 Billion.
Dogecoin (DOGE)
Dogecoin is one of the most widely traded and popular meme currencies. Its popularity rose during the crypto market rally in early 2021, but it has remained relevant due to the continued public endorsement from Elon Musk, the richest man on the planet.
Dogecoin’s prices ranged from $0.04 to $0.088 over the past 30 days, with an average daily trade volume of $500 Million.
Must Check – All You need to know about Investing in Digital currency through Crypto Exchange
Conclusion
So, which cryptocurrency will be the most profitable in 2022? Only time will tell. However, if you’re looking to invest in cryptocurrency, do your research and invest in a currency that you believe has a bright future.
