As the new year is upon us, people are thinking of the best cryptocurrency to buy in 2022 that has the potential of making then profit in the crypto market or having incredible use cases in the decentralized finance space. In 2021, the innovations in blockchain technology were buzzing, especially NFTs. People wanted to mint or purchase NFTs. Stable coins were a major aspect of the decentralized finance space. New coins were introduced in the crypto industry to solve different issues in existing solutions. The Binance ecosystem improved, especially the Binance Smart Chain, which increased the functionality of the Binance Coin. As a new year is upon us, we have listed the crypto coins with incredible potentialities in the crypto world in 2022.
The cryptocurrencies that will be listed are native coins or utility tokens for blockchains, crypto exchange or decentralized apps. For those that are into crypto trading, these tokens can be traded on centralized exchanges like Binance exchange or decentralized non-custodial exchanges like Whalesheaven.
Where to buy these digital currencies?
Before we go further to list these tokens, it is important to consider the options available to purchase these coins. In the crypto market, there are two major options available to purchase virtual currencies. While considering any option, it is crucial to consider if it safeguards users from extreme volatility. The two major options.
Centralized exchanges
This type of crypto exchange holds the funds of their users, meaning that the trading platform will hold the funds before you can swap tokens like Binance Coin, Bitcoin and Ethereum.
Centralized exchanges are on various blockchains, and they request their potential users to undergo a stringent KYC process in most cases. The focus of this type of exchange is custodial services. An example is Binance.
Decentralized exchanges
With security breaches noticed in the crypto space, it is wise to use non-custodial crypto exchanges because they do not hold the trader’s funds. The private keys are held by the user, and not the exchange. Usually, they do not request for the KYC process. An example is Whalesheaven.
What is the best cryptocurrency to buy in 2022?
While opting for any digital asset, a crucial element to consider is their use cases. What are the innovative features that its ecosystem is offering? This is not financial advice and it is important to do your research on any token and decide if they are the one for you.
• Binance Coin
The Binance ecosystem is a highly developed one with incredible innovations. It has a centralized exchange where users can carry out different trading activities. There is a Binance launchpad that allows innovative crypto startups to raise funds and gain a community of users. On the Binance Smart Chain network, developers can create their innovations and decentralized apps seamlessly. The ecosystem also has a cross-chain bridge. Binance coin is the native token of this ecosystem.
Binance team burns the native token regularly to reduce its total supply, as a way of improving its value. According to CoinMarketCap, the market cap of Binance, as at the time of writing this is $2,068,176,634,522.
• Avalanche
Avalanche (AVAX) is a coin with clear use cases in the Blockchain space. The underlying blockchain of AVAX is Avalanche, and its aim is to solve the issues noticed in Ethereum. Ethereum is facing scalability and high gas fees problems that make the user experience poor. The blockchain allows developers to create their innovations, decentralized apps, smart contracts and much more. It is compatible with Ethereum and its tools like Truffle and Metamask. Some DeFi and NFT platforms are being built on the ecosystem. For those that are seeking for long term coins in 2022, they should analyze AVAX.
• Ethereum
This list will not be complete without Ether, the native token of Ethereum. Ethereum is one of the blockchain ecosystems in existence with thousands of decentralized apps operating on it. Developers fancy the network for creating their smart contract and dApps, but the high Scalability and gas fees are discouraging.
To solve this issue, the Ethereum Foundation has stated in the past that Ethereum will move from PoW to PoS network, which will herald the coming of a newer version called, Ethereum 2.0. There is no definite date on when this will occur, but the community is hopeful. Doing this will reduce the congestion on Ethereum, reduce gas fees and improve Scalability.
• Bitcoin
This is the forerunner of cryptocurrencies. Bitcoin has continued to grow in value and usage. People and enterprises are interested in this cryptocurrency to the extent that the founder of Twitter, Jack Dorsey allegedly resigned to focus on it and its innovations. Some Trusts are currently holding Bitcoin in their funds. With the attention that is on Bitcoin, it may not be a bad idea to buy it in 2022.
• Solana
Solana shocked the blockchain market in 2021 with its astronomical rise in value. At the moment, the network is one of the hottest that believes it can solve the congestion issues noticed in Ethereum. Many teams are building their dApps on Solana. This is one of the best cryptocurrencies to buy in 2022 because people are interested to see what it offers.
• Axie Infinity
For gaming lovers or those that want to explore the Play to Earn ecosystem, Axie Infinity is one of the leaders in that industry. At the moment, developers from all over the world are building gaming guilds around this platform. These guilds are to offer scholarships, Sponsorships and much more to participate in the Axie Infinity game. Holding the native coin, AXS may be a great financial decision in 2022.
• UST
UST is the stable coin from the Terra network, and it is highly decentralized compared to its counterparts, USDT and USDC. Tether has been known to blacklist and freeze the USDT addresses and funds of people under their discretion. This is one reason that people are thinking of decentralized stable coin options.
Also read: USDT, DAI, USDC, or UST. Which is The Most “Stable” StableCoin?
• ALGO
Algo is the native coin of Algorand, a blockchain. Algorand has been able to blossom in recent years by entering into partnerships with other leaders in the ecosystem. It currently runs a Grant program for innovative projects that want to build on it. The blockchain has been able to warm its way into the hearts of developers, governments and enterprises. It uses the Pure Proof of Stake consensus mechanism. One of the reasons to buy ALGO is because it is trying to solve the issues noticed on Ethereum.
Where To Buy These Coins Anonymously
Traders love the services of our exchange, Whalesheaven because it is a crypto exchange without verification requirements. This is one of the best bitcoin exchanges with affordable trading fees that allows users to trade Bitcoin and other cryptos.
The Peer-to-Peer trading platform allows users to exchange crypto in a secure and fair environment. It is designed to offer protection to both small and large volume traders. Trading on our exchange, Whalesheaven opens up a world of the best rates available on the markets. Crypto enthusiasts can trade private and stable coins against Ether or Bitcoin while accessing the best rates.
As a non-custodial exchange, the user holds both their private keys and cryptocurrencies. WhalesHeaven does not have access to any funds during the trading process, meaning that users do not have to worry about a hack attack on the platform affecting their funds.
At the moment, our exchange boasts of the cheapest commission in the crypto market. Sometimes, the trading fees may be cheap, especially when our exchange is marking a milestone. Withdrawal fees on Whalesheaven are non-existent, meaning do not have to pay a dime to withdraw. We are unlike other exchanges that charge withdrawal fees that eat into the profits or withdrawal amount. On Whalesheaven, there is no withdrawal limit, and nor is there a KYC requirement. We are unlike other exchanges that add restrictions in services to cajole users to verify their identity.
Volatility is not an issue on Whalesheaven, allowing large volume traders to exchange their tokens for other cryptos without worrying about it interfering with the price in the market. Users can keep their interest, not minding the direction that the market takes. Automating trades is an important element of Whalesheaven that attracts both individual and institutional traders to our exchanges. The trading platform allows users to automate their trade by enabling WH Cypher. Whalesheaven has an excellent customer support service with professionals that are available to solve issues and make the process seamless.
The trading platform’s user interface is top-notch and designed to make it easy for users to trade, not minding their level of expertise in the field.
Conclusion
While thinking of a cryptocurrency to buy in 2022, it is important that you study its existing and potential use cases, the team behind it, its roadmap, consensus mechanism, tokenomics, whitepaper, and much more. Look at the charts to see the journey of the coin, and decide if the coin is the one for you. As earlier mentioned, this is not financial advice.