Most profitable cryptocurrencies in 2022
As the stock market saying goes, “past returns do not guarantee future returns.” And we have realized with the huge drop that we have had at the beginning of this year, from which, it seems, the market is recovering. In this Finect Live we reviewed with great experts these falls and what is expected in the future.
The evolution of a virtual currency is a good indication of its potential, but that does not mean that it is the best cryptocurrency to invest in 2022 . The price of virtual currencies , with falls of more than 50% on many occasions, is a good example. Is this an indication that we must flee in a hurry from the sector? Not much less, just that the price was too inflated.
Which cryptocurrencies are doing the best in 2022? As usual, it is still too early to talk about the most profitable cryptocurrencies of this year, especially with the fall that we have had during these first weeks of the year. Some of the most profitable last year were:
Ethereum has outperformed the other big crypto, Bitcoin, during the year 2021. While Bitcoin grew by 67%, Ether (ETH) marked a rise of 502% , ranking as the megacoin that grew the most.
Behind the Ethereum network is the Smart Contracts project that has received several nods for its usability in different applications of companies that are already starting to work in decentralized finance and in the world of the metaverse.
Located among the first positions, Cardano (ADA) went from being worth a few cents to being worth over 1 euro. This represents a growth of 670%. Based on Smart Contracts, but betting on greater scalability, the ADA token is a strong competition to Ethereum and its ecosystem.
It was a complete unknown at the beginning of the year and has ended up being a true protagonist by marking more than 10,000% growth last year . Terra (LUNA) focuses its project on the creation of decentralized finance applications on a very high-speed blockchain to generate a high correlation between stablecoins from the crypto world with fiat currencies from around the world.
It is another Smart Contracts project that competes closely with Ethereum by raising the possibility of handling up to 50,000 transactions per second. This would increase the speed with which transactions could be made in the world of decentralized finance. With a brutal growth of 10,942% Solana (SOL) achieved a record year and aims to be a cryptocurrency development company to watch due to the great projection of its projects.
The “puppy” has done it! Dodgecoin (DOGE) achieved a growth of 3,000% driven, among others, by Elon Musk. The “Meme Coins” or “Meme Coins” do not have great projects behind them, in many cases they do not have any, but they are very attractive to small investors looking to speculate in the cryptocurrency market due to their low value. So beware of this type of cryptos in 2022.