Cryptocurrencies have been gaining in popularity in recent years, as more people become interested in digital assets. With so many different cryptocurrencies to choose from, it can be hard to know which one is the best investment. However, by looking at a ranking of the best cryptocurrencies for 2022, investors can get a good idea of which ones are worth their attention.
The top three cryptocurrencies on the list are Bitcoin, Ethereum, and Litecoin. These three coins have a strong track record and are expected to continue to grow in value. While there are many other cryptocurrencies that could also potentially be profitable investments, these three are considered to be the best choices for the coming year.
Top 10 best cryptocurrencies
The best cryptocurrency of July 2022 was Ethereum Classic (ETC). During the month the coin went up by 150%.
To recap, ETC is technically the original version of the token that is now known in the crypto community as Ethereum (ETH). The decision to create ETH was made amidst the hacking of the project’s decentralized autonomous organization (DAO). Read more about how Ethereum Classic emerged from Ethereum Classic in our material.
Developers have been working for a long time to migrate ETH from the extremely energy-consuming PoW to the more environmentally friendly PoS algorithm. In mid-July 2022, an update date was announced online. Ethereum’s move to PoS is scheduled for September 19, 2022. The market reacted to the news with growth.
In parallel, Ethereum Classic showed positive dynamics. The fact that the cryptocurrency, unlike its “little brother”, will continue to work on PoW. ETH miners will have to look for new coins to mine against the background of Ethereum’s transition to PoS, because in the new version of the network tokens will be “mined” at the expense of steak ing. It can be assumed that many crypto industry participants shifted their focus from ETH to ETC in advance, which led to the cryptocurrency’s growth.
With a significant lag from ETC, the following coins are also in the top 5 best cryptocurrencies of July 2022:
| Cryptocurrency | Growth in July 2022 |
| Polygon (MATIC) | +95% |
| Quant (QNT) | +92% |
| Filecoin (FIL) | +88% |
| Aave (AAVE) | +72% |
Also in the top 10 best cryptocurrencies of July 2022 were Uni swap (UNI), Ethereum (ETH), Compound Ether (cETH), PpCoin (APE) and Internet Computer (ICP).
The Ten Outsiders
UNUS SED LEO (LEO), a Bitfinex cryptocurrency token, topped the outsider rating with a -14% result. As a reminder, the issuer of the coin was the parent company of the trading platform – iFinex. The team of the organization decided to issue LEO against the background of the confiscation by regulatory authorities of part of the Crypto Capital funds – the platform that handled payments of the project’s ecosystem.
iFindex decided that they should not hope for a return of funds. LEO became an instrument to cover investors’ losses. The cryptocurrency was distributed to the victims and a plan to buy it back was formed.
Notably, earlier UNUS SED LEO was in the top 10 best cryptocurrencies of the first half of 2022.
In the top 5 outsiders of July 2022 among cryptocurrencies, in addition to stackable coins Multi-Collateral Dai(Dai), Finance USD (USD) USD Ecoin(USD), included Compound Sdai (cDAI) – token of the decentralized protocol Compound. During the month the coin fell in price by 5%.
Other cryptocurrencies from the top 10 outsiders showed positive dynamics. At the same time, in comparison with other coins, their growth rate was the lowest. For example, Dogecoin (DOGE), the favorite cryptocurrency of Tesla founder Elon Musk, made the outsiders’ list. In July, the coin rose in price by only 5%.
What happened on the crypto market
NFT-marketplace Rarible team launched “Google for NFT”, Mango Markets team offered users a plan to compensate losses after hacking, Mastercard payment system will help banks to organize crypto-trading – these and other news in our review on October 18
Behavior of cryptocurrency leaders by capitalization
Bitcoin (BTC), according to CoinMarketCap, started Tuesday with a sideways move. As of 04:25 a.m. (Toronto, Canada), the cryptocurrency is trading at C$19,504. The coin’s 24-hour low was C$19,173 and its high was C$19,635.
The second most capitalized cryptocurrency, Ethereum, also started the day with sideways movement. As of this writing, the coin is trading at C$1,329.
In the top 10 most capitalized cryptocurrencies, Solana (+3.35%) recorded the best result in 24 hours. Within the week, Ethereum (+3.87%) grew more actively than others. During the day, all cryptocurrencies, except for Tether stake, showed positive movement dynamics. Cardano (-6.68%) recorded the largest losses during the week.
In the top 100 most capitalized cryptocurrencies, the best result for the day (+14.94%) and the week (+48.70%) was recorded for Huobi Token. Ethereum Name Service (-3.88%) was the most actively losing in price during the last 24 hours. Klayton (-19.76%) recorded the largest losses for the week.
The aggregator’s task is to help NFT buyers find the best deals on the market. The platform can compare prices for interchangeable tokens among different marketplaces. Users of the aggregator can also filter search results by a number of criteria, such as the type of NFT blockchain.
The team of DeFi-platform Mango Markets proposed a plan to recover the stolen cryptocurrency from users. The scheme, according to media reports, was presented as part of an early morning phone conversation with members of the project’s Discord channel. After its publication, members of the crypto community will have 72 hours to vote.
On October 12, 2022, Mango Markets lost more than $100 million in Cryptocurrency as a result of an exploit. Three days later, the project’s community approved a deal with the hacker in which the attacker can keep $47 million worth of cryptocurrency, subject to the return of $69 million in digital assets, which will go to compensate the platform’s investors for their losses. At the same time, the team and users of Mango Markets promise not to pursue criminal charges in the incident.
International payment system Mastercard will help banks to provide customers with tools to organize cryptocurrency trading. CNBC writes about it.
Mastercard will act as a “bridge” between the cryptocurrency-oriented trading platform Paxos and banks. At the same time, the team of the international payment system will take care of issues related to the regulation of crypto trading and organization of safe trading. CNBC pointed out that many banks had previously bypassed cryptocurrency because they did not have a solution to these two aspects outlined by Mastercard.
Conclusion of the review article on the best cryptocurrencies in 2022
As we head into 2022, cryptocurrencies remain a hot topic. With prices fluctuating and new coins entering the market all the time, it can be tough to keep track of which cryptocurrencies are worth investing in. That’s why it’s important to stay up-to-date on the latest reviews and predictions. Here’s a look at what some experts are saying about the best cryptocurrencies for 2022.
Bitcoin continues to be at the top of most investors’ list. While its price has been volatile in recent months, many experts believe that Bitcoin will continue to rise in value over the next year. Ethereum is another popular choice, as it’s seen as a more stable alternative to Bitcoin. Ripple and Litecoin are also worth considering, especially if you’re looking for coins with good potential for growth.
Of course, no one can say for sure which cryptocurrencies will be the best performers in 2022. However, by doing your research and keeping up with the latest predictions, you’ll be in a good position to make informed investment decisions.
