Cryptocurrency market is now turning into the mainstay of the global digital economy. The crypto market may be entering a new crypto bear as we sneak out of the global pandemic, but in every bear market, Cryptos have always bounce back stronger than ever.
In view of this reality, every futuristic investor would normally look for opportunities and be guided by expert’s analysis of crypto technical conditions.
In this article, you will be guided by our expert research findings about the best 7 cryptocurrencies that you can invest on in 2022 with reasonable prospect for the future.
What Is Crypto?
Crypto is a digital currency or digital asset that comes with different names and features. We have them as Bitcoin and Ethereum, Dogecoin and Tether and a thousand others that drive the global financial system.
List of the 7 Best Cryptos drawn from our technical survey of a number of Cryptos:
- Terra 2.0
- Cardano (ADA)
- DeFi Coin
The price of Bitcoin has increase significantly overtime. The BTC has price leadership feat in the Crypto community. As at 2016, one Bitcoin was sold at about $500 but by mid-year 2022 it was around $29,683 making analyst to conclude that Bitcoin is always a future good buy.
Launched as the first digital asset in 2009 by Satoshi Nakamoto and often regarded as the original cryptocurrency.
PEOPLE ALSO READ: Optimism Token (OP) Price Prediction – Expert Guide
Just like most Cryptocurrencies the BTC equally runs on a blockchain which is a ledger-like logging transactions spread across a network of thousands of computers.
The dispersed ledgers must be verified by solving a cryptographic puzzle regarded as a security proof to a large extent that will keep the BTC secure and safe from fraudulent hackers.
The idea behind Bitcoin is a decentralized digital currency network devoid of interference from the central banks. It relies on P2P software and cryptography.
No one can alter the rules and it is open to anyone who wants to participate.
Bitcoin Technical Information
Market Cap Dominance: 45%
Market Cap: $567,539,942,590
Trading Volume: $11,574,903,449
Volume-Market Cap Ratio: 0.0204
24 hours Low: $29,582.65
24 hours High: $29,733.79
Market Cap Rank: No 1
Price Today: $29,683.10
It has a commanding height in the Crypto market as shown by its market dominance of 45%. The Volume/Market cap of 0.02 is likely to encourage investors.
The total Bitcoin supply is capped at 21 million. Listed companies own Bitcoin on their balance sheets that counts to their asset build-up. In some countries like Central African Republic and El-Salvador Bitcoin is a legal tender and more countries are sure to join in the future.
Ethereum is both a cryptocurrency and a blockchain platform that is mostly desired by program developers because of its potential applications. ETH has the advantage of smart contracts that automatically execute when conditions are met and non-fungible tokens.
Ethereum Technical Information
Market Cap Dominance: 17.68%
Market Cap: $217,739,045,818.51
Trading Volume: $8,234,222,684.97
Volume-Market Cap Ratio: 0.0378
24 hours Low: $1,769.33
24 hours High: $1,820.20
Market Cap Rank: No 2
Price Today: $1,820
Ethereum is a fast growing Cryptocurrency with a prospect for a steady future growth. From April 2016 to the beginning of June 2022, its price went from about $11 to over $1,800 which amounts to about 16,300% rise.
With a strong market cap and volume/market cap ratio as shown above, the ETH holds the future for investors who may take the opportunity it presents today.
No doubt, it is another most valuable cryptocurrency in the world; the Ether token is based upon the Ethereum blockchain and has become the foundation of the cryptocurrency environment.
TERRA 2.0 (LUNA)
The Terra venture was first publicized at the beginning of 2018 as a universal payment system that should make digital currency convenient for daily use. In view of this, the Terra’s main-net was launched in April, 2019.
The platform was established to create a decentralized network system for quick, easy and accessible payments of crypto currencies.
The Terra technology intends to create a global payment network with low fees and without the impediment imposed by national restrictions.
Terra 2.0 Technical Information
Market Cap Dominance: N/A
Market Cap: $14,881,138,750.00
Trading Volume: $285,717,864
Volume-Market Cap Ratio: 0.0192
24 hours Low: $4.64
24 hours High: $6.40
Market Cap Rank: N/A
Price Today: $5.29
It is a new coin from the Terra blockchain’s hardfork designed to save the Terra Luna ecology after the collapse of the UST stable-coin.
The new Terra 2.0 will replace the existing Terra network and the original LUNA by cutting off the stable coin UST.
In any case, the good news is that the original Luna chains and tokens will still be in use. The Terra 2.0 token will go by the ticker LUNA, while the original LUNA token will go by the name of LUNC for clear differentiation.
Terra 2.0 is a quite recent innovation with strong market cap and enticing volume/market cap ratio. This makes it a great prospect for investors in the future.
Cardano (ADA) is distinguished for its early embrace of proof-of-stake authentication. It arrived later in the Crypto sphere with huge prospects.
ADA approach expedites transaction time and slow down energy usage and ecological impact by removing the competitive, problem-solving aspect of transaction verification present in other platforms.
ADA equally works like Ethereum to enable smart contracts and decentralized applications. Like Ethereum, Cardano is an open-source, smart-contract platform that aims to provide multiple features through layered design.
Cardano (ADA) Technical Information
Market Cap Dominance: 1.56%
Market Cap: $19,374,712,397.27
Trading Volume: $449,559,650.06
Volume-Market Cap Ratio: 0.0232
24 hours Low: $0.5561
24 hours High: $0.5749
Market Cap Rank: No 6
Price Today: $0.57
ALSO READ: HOW TO MAKE MONEY WITH CRYPTO ARBITRAGE
The ADA recent entry into the Crypto community doesn’t stop it from attaining huge market dominance of 1.56% with noticeable likelihood for expansion. The market cap is relatively huge and the overall indices are enticing to the forceful investor.
ApeCoin (APE) is an ERC-20 token used within the APE ecosystem. ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to share in ApeCoin DAO.
ApeCoin is also used to access games, merchandise, events, and services.
Looking at it steady rise and encouraging performances, it appears favourable for future growth and stands out as one of the most attractive Cryptos right now and moving steadily into the future.
ApeCoin Technical Information
Market Cap Dominance: 0.15%
Market Cap: $1,805,505,659.08
Trading Volume: $147,558,742.66
Volume-Market Cap Ratio: 0.0817
24 hours Low: $6.07
24 hours High: $6.25
Market Cap Rank: No 35
Price Today: $6.17
Statistics shows that ApeCoin has strong market cap with increasing market dominance ratio.
We also noticed a bullish price as it competes favorably in the crypto community. The launching of a Metaverse with ApeCoin as a primary currency will give it a commanding height in the future.
Dogecoin is the first meme cryptocurrency that began on a satirical note that trended on the internet a long time back.
After keeping a position of safety for some time since its commencement in 2013, Dogecoin showed growth propensities in 2020 when it was adjudged as a payment model among sports teams and entered the AMC theatres.
Frontline investors like Elon Musk and Mark Cuban have shown preference for Dogecoin over other cryptocurrencies. A single tweet from them could make the DOGE price skyrocket.
Dogecoin Technical Information
Market Cap Dominance: 0.85%
Market Cap: $10,994,620,595
Trading Volume: $247,923,615
Volume-Market Cap Ratio: 0.0225
24 hours Low: $0.0809
24 hours High: $0.0833
Market Cap Rank: No 10
Price Today: $0.0826
With Dogecoin market dominance near 1% investors are sure to take the buying advantage. Volume/Market Cap Ratio is 0.0225 which is an indication of growth that will drag into the future.
IMPORTANT: EVERGROW COIN PRICE PREDICTION : 2022- 2025
Dogecoin price value has been on the rise overtime. In 2017 the price was $0.00021 but by mid-2022 it hits $0.083 which is about 40,000% rise. This price movement is enticing to the forceful investor today and beyond.
DEFI COIN (DEFC)
DeFi Coin is the best new crypto we can call a good buy at the moment. While the rest of the crypto market has been on a decline, DeFi skyrocketed more than 490% on news that DeFi Swap, the platform behind DeFi Coin, launched its long-awaiting crypto exchange.
The DeFi platform inspires all the coin owners to hold on to their DEFC tokens for as long as possible because of the higher transaction tax rates (10%).
DeFi Coin Technical Information
Market Cap Dominance: 0%
Market Cap: $3.626, 605.33
Trading Volume: $1,114.76
Volume-Market Cap Ratio: 0.000307
24 hours Low: $0.3034
24 hours High: $0.3124
Market Cap Rank: No 6256
Price Today: $0.3107
DeFi is yet to have noticeable market dominance. However, its volume/market cap ration points to a growing prospect. The future of DeFi lies on its innovation that suits Crypto dynamics.
DeFi Swap also serves as a DeFi staking platform, and it offers rates from 30%-75% APY when you stake DeFi Coin. To get the top rate, you must lock in your DeFi Coin for 360 days.