the best cryptocurrency to buy right now
the best cryptocurrency to buy right now 2022 ✔

Which cryptocurrency is worth buying in 2022? From the analysis of forecasts, useful tips to understand how to trade online. Crypto 2022 BitMEX trend and focus on new releases

What will be the best cryptocurrency to buy right now in 2022? Considering the number of crypto-assets that are present on the market today, the topic is definitely vast however, in this article, you will find indicated just the best cryptocurrency in which to invest in the current year.

The Starting point to be able to address this topic is the legacy left by the year that is about to close. In general terms, last year was characterized by the explosion of Defi (decentralized finance), NFT, and gaming-focused on play to earn.

In the second part of the year, then, the technological revolution of the metaverse was the catalyst for investors' attention. In this regard, Henry Arslanian, number one at PwC Global Crypto, believes that in 2022 the metaverse will become increasingly central. According to the analyst, the cases of Decentraland and Sandbox (whose shares rose so much in 2021) represent a sort of appetizer of what will happen in the new year. 

If 20 years ago every company could not fail to have an e-commerce strategy, in 2022 the Fortune 500 giants will have to think about their metaverse strategy. 

This is in terms of general coordinates while, as far as individual cryptocurrencies are concerned, it should be remembered that 2021 was a banner year for the entire sector starting, of course, with the digital assets with the largest market cap. 

Continuing in the wake of the trend that emerged already in 2020 following the explosion of the covid19 emergence, the prices of the most important cryptocurrency assets grew even more. In the second part of 2021, Bitcoin and Ethereum updated their all-time highs (ATH). At the same time, a third cryptocurrency also emerged and went to occupy the place once held by Ripple. We're talking about Cardano, the digital asset that has carved out a fair share of popularity in a hyper-competitive market. 

What pushed the entire cryptocurrency sector forward in the final part of 2021 was the inflation emergency. Due to rising energy prices, inflation has become the new variable that can scare traditional markets. As the realization grew that inflation was set to become long-lasting and no longer transitory, the shift of portfolios to cryptocurrencies also increased. Against this backdrop, it has become critical to be selective and therefore to know how to choose the best cryptocurrency to invest in 2022. 

It is a heavy legacy that cryptocurrency has to deal with next and, as typical of highly volatile assets, the risk that there may be retracements is high. Also for this reason, if you are not interested in physical possession, the easiest way to invest in cryptocurrency is CFD Trading.

Among other things by choosing authorized brokers such as eToro (read the full review here), you can learn how to operate by practicing with the free demo account. Not only that but eToro also allows you to copy from the best traders thanks to social trading. Even this important tool can be tested in demo mode. 

In fact, eToro offers the opportunity to start with a free demo account. Thanks to this test account you can do all the tests you need with a virtual $100,000 that the broker uploads to your account!

New cryptocurrencies coming out in 2022

Because the goal of this guide is to provide ongoing insights to traders, we felt it was appropriate to supplement the content with a paragraph dedicated to new cryptocurrencies coming out in 2022. According to CoinMarketCap data, there are currently around 17,000 cryptocurrencies in circulation. Such a huge mass (and especially with the tendency to increase), makes it increasingly complicated to make a selection process.

At the same time, knowing which will be the best cryptocurrencies coming out in 2022 is also very difficult. Having said that, however, there are some elements that it is advisable to take into due consideration when one is grappling with the examination of new cryptocurrencies coming out later this year. Such variables are: 

  • The concept behind the project 
  • The sentiment at the time of the launch of the cryptocurrency
  • The protocol
  • The consensus algorithm
  • Who is behind the cryptocurrency (team of developers)
  • Presence of an articulated and organized support community on Twitter, Telegram, etc.

Risks of new cryptocurrency

the best cryptocurrency to buy right now

A new cryptocurrency can turn out to be a great deal but, at the same time, it can also turn into a boomerang. The news of the past few years is chock full of new crypto projects that were supposed to make waves and then turned into a failure. Before investing in a new cryptocurrency it is advisable to consider these factors: 

  • absence of regulation
  • there is no guarantee of success
  • the token could suffer declines.

It is by taking into account these elements, that you can then proceed to buy a new cryptocurrency at a low cost in the hope of being able to get interesting returns in the medium term. 

To buy new cryptocurrency, our advice is to use exchanges specialized in the field such as Binance. This platform provides a lot of tools for buying and selling cryptocurrency, even new ones!

Cryptocurrency with record rallies in 2022: predictions by Travis Hoium

At the top of our guide on cryptocurrency 2022 predictions, we place a recent update that was provided by Travis Hoium, a contributor to The Motley Fool. According to the analyst, already during the current year, Bitcoin could be overshadowed by the rally of some competitors. The names made by the expert at the beginning of February 2022 are not new but a confirmation. The two cryptocurrencies that could record rises capable of surpassing Bitcoin in terms of capitalization are Ethereum and Solana. 

Ether during 2021 rose by more than 400 percent doing better than BTC. Moreover, in the last 5 years, the value of ETH has marked a rise of as much as 56700 percent! Currently, said the analyst, Ethereum has to deal with high blockchain costs and this is a brake on its growth. With the ETH 2.0 upgrade and other upgrades planned for 2022, Ethereum's network will become faster while costs will contract. Travis Hoium's prediction on The Motley Fool can be summarized as follows: if ETH's development plan were to be realized on schedule, then Ethereum's price could grow so much that it could reach a market cap level capable of undermining that of the BTC. 

On the other hand, as far as Solana is concerned, there are two characteristics that the analyst has highlighted: the low commissions and the speed of transaction execution. Some numbers that according to the expert can help to have an idea of the potential of SOL: while the Ethereum blockchain processes transactions with a speed of 13 per second, Solana handles something like 50 thousand transactions per second. As far as costs are concerned, the abyss is even more remarkable: fractions of a cent for Solana and even 100 dollars for Ethereum.

The fact that investments in projects launched by Solana continue at a fast pace, is another element behind a possible strong growth of SOL in 2022. 

Cryptocurrency predictions 2022: the mega-trends of the year

Before delving into the topic of prices, it may be useful to provide general coordinates on what could be the trends for 2022. Technically we talk about mega-trends to indicate those long-term phenomena that can impact the performance of an entire sector, in our specific case that of cryptocurrency. Providing useful insights on this topic were Surojit Chatterjee, European Chief Product Officer at Coinbase ,and analysts at eToro. From both sources, just in coincidence with the beginning of the new year, two very interesting reports have arrived in which the topic of mega-trends (or possible ones) is treated.

Let's start with the analysis of Surojit Chatterjee according to which there are three themes destined to condition the cryptocurrency market during 2022: Defi, NTF ,and the metaverse. So let's see it in detail.

  • With regards to Defi, it is possible that, due to the exponential growth of the industry, many protocols are destined to be regulated and move to the on-chain KYC process. With such a transformation, the trust of institutions could grow even more. It is possible, ga then added the Coinbase manager, that insurance protocols will also emerge that are capable of securing users' funds against hacker attacks.
  • Metaverse and NTFS (they are treated together by Chatterjee): in 2022 brands will have to actively participate in the metaverse and NFTs. There are so many companies that are realizing that non-fungible tokens can be a great tool for marketing. After Coca-Cola, Dolce & Gabbana, other big brands could launch marketing initiatives based on NFT and metaverse in a few months. In the wake of what Facebook has done, it cannot be ruled out that other large companies may decide to enter the Web3 and the metaverse. On the social side, the trend could be that of greater competition from NFT-based communities to generic social channels. It is possible that user-generated metaverses themselves could be the future of social networking. Further, in the future NTFS could be the basis of digital identity and user passports. 

The evaluation of eToro is also very similar. However, the broker's experts have identified 5 trending sectors and not 3 for the new year. Obviously, some of them coincide with the mega-trends described by Coinbase's manager. 

The 5 crypto trends for 2022 according to eToro are: 

  • Non-Fungible Token or NFT: it is possible that we will go beyond the collectible jpeg format. Numerous NFL programs, in fact, are working with Polygon on using NFTs for ticket sales
  • Metaverse and neighboring areas of play-to-earn and blockchain gaming.
  • Layer 2s such as Polygon (MATIC) on Ethereum. Such next-generation solutions are proving capable of overcoming layer 1 congestion
  • The growing diffusion of cryptocurrency payments is also thanks to the growing involvement of digital payment giants such as Visa and Mastercard and thanks to the openness of some institutions such as the state of El Salvador that has made Bitcoin legal.
  • Possibility of governments considering opening up to cryptocurrency. With this in mind, the broker does not rule out that the US SEC may also give its green light to Bitcoin ETFs.

Crypto Trends 2022: the analysis of the BitMEX exchange

the best cryptocurrency to buy right now

The BitMEX exchange has also analyzed the 2022 Crypto Trends. The trends indicated by the exchange are only partly coincident with those we reported in the previous paraphrase. Precisely for this reason, it is worth analyzing them. 

The first trend indicated by the exchange is the growing participation of women in the cryptocurrency phenomenon. Until now, the sector has been dominated by men but in the new year, women could increase their weight by investing much more than now. To indicate the possible growing interest of women, the exchange coined a term that you might hear a lot about: crypto-curious. 

Also 2022, according to the exchange, could be the year of Solana's final consecration as a blockchain competitor to Ethereum. Despite the +11100% recorded by SOL in 2021, the cryptocurrency's run may be just beginning. In the exchange report, you can read that by now all investors are fully aware of what Solana's advantages are over its competitors. It is now well established that the SOL blockchain is capable of performing transactions faster and cheaper to support than all other major tier 1 smart contract protocols, including even Ethereum, Cardano, Terra, Avalanche, Polkadot ,and Algorand.

The third trend involves Defi and crypto-related gaming. On this point, the BitMEX exchange's estimate is very similar to the megatrends indicated in the previous paragraphs. In the exchange's report, reference is made to the fact that over 3.2 billion players worldwide and developers of traditional games make no secret about their willingness to adopt blockchain and NFT. 

The fourth and final crypto trend 2022 concerns the possible function of cryptocurrency with traditional finance. According to BitMEX estimates, many big companies in the crypto sector could try to enter the world of traditional finance through M&A operations. After all, already in 2021, there was an increase of 131% compared to the previous year, of merger operations. (M&A counter value of over $6 billion.

To take advantage of the Crypto 2022 Trends elaborated by BitMEX, activate a demo account with the broker eToro and learn how to trade cryptocurrency without risk.

Will cryptocurrency prices grow? Latest predictions for investing

Due to the strong rally recorded by all altcoins in recent months, price targets have been raised a lot. It may be hard to imagine but there are those who believe that the price of cryptocurrency could grow by as much as 27,000%. This is the prediction of the well-known trader Rekt Capital. According to this investor, who is highly respected among the members of the crypto-trader community, the bull-run of altcoins would be just beginning. 

The expert recalled how at the beginning of 2017, the market capitalization of altcoins was able to turn the maximum level reached in the previous cycle into  support. This level was touched towards the end of 2013. The new base then launched the capitalization to the highest peak of 27,623 percent. 

For this to be realized, it took just one year. At this point, Rekt Capital believes that the same thing can happen by the end of 2022. After all, in recent months, the capitalization of cryptocurrency has increased significantly outperforming the previous record of 2017.

What would be the market value that the cryptocurrency would reach with a jump of 27,623% from the previous high? Let's hold on tight because the forecast indicated by the expert trader is even equal to ...$152.6 trillion.

This is a very high target and in fact, talking about cryptocurrency 2022 forecasts, it was the same Rekt Capital to say that these estimates are almost impossible. Never say never, though, and these cryptocurrencies have made it clear over the past year. 

One thing is for sure: Rekt Capital's predictions may be considered excessive, but on the fact that the cryptocurrency bull-run is just beginning there is some convergence among analysts. 

Want to invest in the best cryptocurrency? If you're not interested in physically owning altcoins, an interesting avenue can be CFD trading. By choosing an authorized broker like Plus500 (read the full review here) you will immediately get the free demo to practice without risks. 

Plus500's free demo account gives you instant access to €40,000 in virtual assets that you can use for any asset you want on the broker's platform, including cryptocurrency.

Cryptocurrency predictions 2022: which ones are worth buying 

the best cryptocurrency to buy right now

Bitcoin can only be on the list of the best cryptocurrency to buy in 2021. This primacy is supported by the growing interest of institutional investors in the queen of crypto-assets. In recent months, many large companies have unveiled that it is their intention to invest in Bitcoin. Some have already moved from words to actions such as Tesla, the first major company to decide to buy Bitcoin. 

The huge appeal of BTC has pushed the prices of the leading digital asset to over $60,000. According to some experts, this could just be the starting point of a bull run that would take the value of Bitcoin even to $100K, a level judged as the new normal. A catalyst for this rise could be the structural increase in inflation, now considered inevitable by many analysts in light of the monetary policies that have been adopted by central banks to boost the economy. 

At the moment, we know that Bitcoin reached $68,000 in mid-November 2021, but new records are not ruled out later in the year.

The last updates of the month saw Bitcoin retrace slightly from the highs also due to the possible increase in taxation on the digital asset sector as would seem to be envisaged in Biden's infrastructure plan. 

Many traders believe that Bitcoin's recent decline may be preparatory to a new rally that would take the value of the BTC to very high levels. 

In fact, as of late November, the potential bullish drivers on Bitcoin are more than one: 

the growing use of Bitcoin and thus the widening of the network

the ever-present Chinese hostility to mining 

the run-up in inflation

a possible new wave of covid19 caused by the South African variant

Besides BTC, however, there are many other altcoins that could continue, also in the coming year, the positive performance already started after last summer. 

In addition to the need for completeness, there is an additional reason why it pays to broaden the horizon to all other cryptocurrency next year. While the BTC is moving well above its 2017 highs, another cryptocurrency, including many of the largest capitalization cryptocurrencies, are far from their highs.

Ethereum and Cardano, just to name the ones with the highest capitalization after the BTC, have seen appreciation in recent months, however, their potential is still untapped and that therefore presents some room for growth.

Yenwen Feng, co-founder of the decentralized derivatives trading platform â??Perpetual Protocol, believes that Ethereum has the makings of a strong appreciation during 2022. According to the expert, as soon as Ethereum moves to Proof-of-Stake - PoS, the decline in transaction fees will lead to a consolidation of its position as the benchmark for the use of Defi applications.

At the same time, however, added Feng, the strong competition exerted by some more scalable and cheaper blockchains such as Solana, Avalanche and, the aforementioned Cardano, could undermine Ethereum which is no longer a monopolist in this segment.

As done above regarding alternative methods to buy Bitcoin, the argument applies here that if the goal is not physical possession, the best way to take advantage of volatility is to invest through CFDs.

eToro is the ideal broker for this purpose and today you can try speculating on the trend of the ETHUSD and XRPUSD crosses starting with the free demo account. Without paying any money and in just a few minutes you can get $100,000 virtual, which you will need to do your tests and experiment with your investments in a full demo environment.

Talking about the best cryptocurrency to buy in 2022 was Don Guo, CEO of Broctagon Fintech Group, who in an interview with CNN recalled how all altcoins started their history as small virtual currencies. According to the expert, if the cryptocurrency market continues to grow, "many investors may be tempted to bet on smaller digital coins to take the jackpot." 

That being said, the 2022 cryptocurrency forecast is particularly optimistic toward all the higher market cap assets. 

In early November 2021 Ethereum reached $4,700, marking a new all-time high and confirming itself as the second-largest cryptocurrency in the world after Bitcoin with a market capitalization that is growing further. Subsequently, the value of ETH fell (in parallel with that of Bitcoin) but the pitch remains bullish despite the cryptocurrency going from just $450 a year ago to nearly $5,000. Among the factors that have propelled Ethereum forward in the final part of the year is the Altair update to the Beacon Chain made at the end of October. This update has improved transaction management in terms of efficiency and speed.

After all, Ethereum was mentioned among the best cryptocurrency to buy in 2021 also by Rachid Ajaja, CEO of AllianceBLock. The manager, in unsuspected times, had stated that ETH has the potential to perform even better than Bitcoin in the current year.

Investing in cryptocurrency forecasts 2022: stop the domination of Bitcoin?

The need to diversify investments in cryptocurrency as much as possible is also reiterated by other analysts and contributes to providing a picture of cryptocurrency forecasts in 2022 very different from what would have been expected.

In short, it is time to put an end to the Bitcoin monoculture because, as pointed out at the time by Brad Garlinghouse, CEO of Ripple, it is not to be excluded that the current high popularity that Bitcoin enjoys today can also turn into a boomerang.

The reason is simple: it is highly probable, and hence the conditioning on the 2022 forecasts, that the concentration of investments on a single digital asset can generate strong risks. So what to do to save yourself from this trap? Diversify investments and choose the best altcoins outside of Bitcoin. 

Between 2020 and 2021, there have been many new cryptocurrencies emerging, especially those related to the world of DeFi such as Uniswap and Chainlink. It is therefore natural that Bitcoin may remain yes a benchmark, but not the only cryptocurrency that is appreciated and recognized as a good investment.

Is it convenient to prefer low-cost cryptocurrency?

The huge quotations reached by the most capitalized cryptocurrency could discourage from investing especially novice traders. Faced with the very high prices of Bitcoin, Ethereum ,and the other higher market cap crypto-assets, one idea to consider is to invest in lower-cost cryptocurrency. This is also for practical reasons. 

In fact, by preferring low-cost altcoins, you will still need to become familiar with the management that each cryptocurrency imposes but without having to spend cià that would be necessary if you opted to buy expensive virtual currencies. 

In practice, preferring low-cost cryptocurrency means having the opportunity to practice. In fact, you will still need to choose a wallet, learn how to store the crypto-asset, know how to monitor data ,and, finally, know how to do analysis (technical and fundamental). 

Many traders practice with lower-cost cryptocurrency and, once they get the hang of it, move on to the more prestigious ones. 

In short, thanks to the lowest cost cryptocurrency, it is possible to achieve great results while risking little. 

What is the lowest cost cryptocurrency available on the digital currency market today? Basically, you are spoilt for choice. Here are some names: Polkadot, Uniswap, VeChain, Stellar, Theta, Solana ,and TRON. 

The fact that you prefer to invest in low-cost cryptocurrency, does not mean that, necessarily, you are forced to physically buy these assets as there are no other more accessible alternatives. Even on low-cost cryptocurrency, in fact, you can trade with derivative instruments such as CFDs. Find out which are the low-cost altcoins on which you can do CFD Trading with the broker eToro. 

One cryptocurrency that has made a name for itself in early 2021 is definitely Binance Coin (BNB), the core cryptocurrency of the Binance exchange. Today, it is the third-largest cryptocurrency in the world after Bitcoin and Ethereum and is the symbol of Binance's establishment in the world. You can buy Binance Coin on the Binance exchange (review here). The world's number one platform for exchanging cryptocurrencies offers many very useful tools for trading. In addition, Binance is considered the preferred choice for those who are very new to digital assets. 

Emerging cryptocurrency 2022: what are the best ones

In the previous paragraph, the need to break out of the Bitcoin monopoly was emphasized. There is not only the BTC among the best cryptocurrencies to buy in 2022. Indeed, wanting to broaden the discourse, among the most interesting assets there are not only those with higher capitalization. 

Very positive surprises, in fact, could also come from emerging cryptocurrency. Those who have been trading crypto-assets for some time know it well: the highest profit margins are those offered by emerging digital currencies. The reason is simple: everyone knows about Bitcoin or Ethereum but only a few (and well versed in the field) know about emerging cryptocurrency.

This specific section of the digital-asset sector is constantly evolving. The risks are not lacking because next to virtual currencies that actually have a future there are also others that, after initial flashes, die out. This means that it is necessary to be very selective in our choices. 

Having said that, what could be the best emerging cryptocurrency in 2022? To answer this question, it is first of all necessary to have a method to be able to identify the best-emerging cryptocurrency. In recent years, a substantial change in the very perception of emerging cryptocurrency has taken place. These assets, for the first time, have become important financial instruments to which anyone can have access thanks to brokers like eToro.  

Having said that, the most important aspects to pay attention to in order to find the best-emerging cryptocurrency in 2022 are:
  • Market cap level
  • Price
  • Volume
  • Total amount offered
  • Adaptability
In particular, the market capitalization level allows for having information about the amount of money that has been invested in that network. By analyzing the trend of the market cap of a cryptocurrency, the investor can have precise information about the stability of the asset. At the same time, the trend of the market cap indicates the growth potential boosted by the specific cryptocurrency. 

As far as volume is concerned, on the other hand, high-volume digital assets are symptomatic of a sudden increase in popularity and appeal to investors. Logically, a high volume today is not a guarantee of a high volume tomorrow, however, observing this parameter can be very useful to get an idea of which cryptocurrency has attracted the most interest from the market. 

Finally, it should also be taken into account that the community behind a specific project plays a fundamental role. The presence of a #army is a clear signal to get an idea of the weight that can be played by the grouping of loyalists. 

All the parameters we have mentioned can be a good starting point to understanding which emerging cryptocurrency is destined to come to the fore in 2022. 

Precisely considering these aspects, industry experts have indicated in Dogecoin, Shiba Inu, Hedera ,and Ravencoin are the emerging cryptocurrency that could explode in the new year. 

A curiosity: as you can see by reading the next paragraph dedicated to predictions on the best cryptocurrency 2021, Dogecoin was already there. For the queen of canine cryptocurrencies, then, an encore could be on the horizon. After a framing in 2021, an equally positive 2022. Also on the list of possible best cryptocurrencies that we compiled at the end of 2020 in the year 2021, Cardano was also present. The price of ADA, in fact, has grown so much in the current year and Cardano can no longer be considered an emerging altcoin. 

Emerging cryptocurrency 2022: Dogecoin (DOGE)

the best cryptocurrency to buy right now

There are a whole host of elements why Dogecoin for the second year in a row features on the list of top emerging cryptocurrency. 

In fact, Dogecoin adoption has seen a significant increase. There are over 20 large companies using Dogecoin for payments. The era when Dogecoin was considered a crypto-meme is a thing of the past. 

The second reason why it is worthwhile to include Dogecoin in the list of possible best cryptocurrency 2022 concerns prices. It is true that the value of Doge has grown so much over the past year but in the second half of 2021, the rally has subsided. This leaves the door open for the possibility of a rapid rise as early as January. 

Especially in the first quarter of 2022, Elon Musk, through SpaceX, could launch Dogecoin on the moon. The event is highly anticipated and it is not excluded that it could receive such  strong attention from the media that the popularity of the cryptocurrency will grow. 

We must never forget what happened in the past with similar news and tweets from the patron of Tesla.

To learn more refer to our guide on how to buy Dogecoin. Recall that Dogecoin can now also be bought on eToro (visit the official website) and not only on exchanges, a symptom of the growing popularity of the crypto-meme. 

Emerging cryptocurrency 2022: Shiba Inu (SHIB)

the best cryptocurrency to buy right now

Shiba Inu was one of the featured cryptocurrency of 2021. The story of Shib has been traced to that of Dogecoin. Also in this case, in fact, we went from a cryptocurrency born as a joke to a serious and appreciated digital asset. Today Shiba is used for payments and is among the currencies available to pay also on Amazon. 

Cryptocurrency adoption is growing steadily, but that's not the only catalyst for the coming year. Thanks to its success, the cryptocurrency ecosystem has changed profoundly. If in the beginning everything was based on a token meme, it is now focused on a rapidly growing DEX. Therefore, liquidity levels have increased and staking of Shib is also possible. 

On the valuation side, it is clear that during 2021, Shib's valuations have grown tremendously. However, there is still a lot of room for growth and that is why many analysts recommend including Shiba in the list of the possible best cryptocurrency 2022. 

To invest in Shiba Inu you can use the Binance exchange which also allows you to buy and sell a lot of other tokens.

Emerging cryptocurrency 2022: Hedera (HBAR)

the best cryptocurrency to buy right now

If with Dogecoin and Shiba Inu we are in the field of emerging cryptocurrencies but still known, with Hedera we enter the field of real bets. 

Attention because we are talking about an asset little known only to the retail public. In reality, Hedera is very well known at the top since giants such as Google or IBM are part of its governance. 

The adoption of Hedera is constantly growing and for what concerns the prices the margin of increase is enormous. In April the price of HBAR reached an all-time high ($0.55). Subsequently, it then spiraled into a downward spiral. 

The cryptocurrency could end the year on a stable note. This very fact could create very attractive entry conditions starting next year. 

Emerging cryptocurrency 2022: Ravencoin (RVN)

the best cryptocurrency to buy right now

The fourth cryptocurrency that could capture the interest of investors in 2022 is Ravencoin. Again, we are talking about a blockchain that is steadily growing. Increased adoption is a driver capable of pushing the price of RVN. The current pricing offers a good entry point. In fact, prices are at a 60 percent discount to historical highs.

True, thinking about seeing Ravencoin at Shiba Inu levels is almost impossible, however, should there be an upward trend for the entire cryptocurrency sector, RVN could offer very interesting profit margins. 

Eco-friendly cryptocurrency in 2022: which are the best ones

After analyzing which are the best emerging cryptocurrency for 2022, we now focus our analysis on the environmental aspect. The question then becomes: which is the best eco-sustainable cryptocurrency in 2022? Ethereum undoubtedly occupies a very respectable place in this very special ranking. In fact, the new Ethereum 2.0 protocol, using a faster proof-of-stake consensus mechanism, has significantly reduced energy consumption. 

The aforementioned Cardano is also environmentally sustainable. With an ADA value of $1.47 per token, Cardano's market cap came in at $50.139 billion in 2021. Even after the drop in values to $1.33 per token, Cardano continues to occupy the sixth position in the ranking of the largest capitalized cryptocurrency with a market cap of $45, 52 billion. Recall that, from an environmental point of view, Cardano is to be preferred to Bitcoin as it consumes much less energy than the parent cryptocurrency, relying on the proof-of-stake mechanism.

And to finish in the ranking of the best environmentally sustainable cryptocurrency there is also Stellar. At the end of 2021, the capitalization of XLM was $7.097 billion (27th place in the ranking). 

Recall that Stellar was born in 2014 thanks to a hard fork of Ripple (XRP). Stellar's goal is to join traditional financial institutions with digital currencies.

Through the Stellar network, US dollars, Bitcoin, yen ,and many traditional currencies and digital assets can be exchanged. The XLM token, for its part, allows exchanges to be made on a blockchain-based distributed ledger at a fraction of a cent. Thanks to this mechanism, a smaller carbon footprint is required. And it is precisely for this reason if Stellar can be included in the list of eco-friendly cryptocurrency.

To recap: the eco-friendly cryptocurrency to buy in 2022 are ETH 2.0, ADA ,and XLM. Then there are the second lines represented by:

  • SolarCoin (SLR)
  • BitGreen (BITG)
  • Nano (NANO)
  • TRON (TRX)
  • Burstcoin (BURST)

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