by Analytics Insight
February 4, 2022
This article features top cryptos like Shiba Inu, Ripple, Polkadot, and more that are worth investing in 2022.
Every investor wants to know which crypto to invest in for 2022. The cryptocurrency industry grew significantly from $700 million to nearly $3 trillion last year, and we want a slice of what 2022 could bring for crypto investors around the world. Today we will memecoins like Shiba Inu, and serious utility coins like Polkadot, Ripple (XRP) as well as a newcomer, EverGrow Coin.
Shiba Inu (SHIB)
Shiba Inu has a current market cap of $12 billion valuation, around the same as global brands like Samsung and Rolls Royce. Not bad for a memecoin named after Elon Musk’s beloved breed of dog!
If you invested in January 2021 and held tight, you would not have been disappointed. In fact, it might have been the best Christmas ever as $100 would’ve seen a staggering $50,000,000 return. But is Shiba Inu the best crypto to invest in 2022, or has this dog seen its day?
CryptoPredictions.com still predicts Shiba could hit $0.0000338 by the end of 2022. Now for those of you looking for your Lambo, this may not be particularly attractive, but for those used to more sensible returns, this 50% potential upside is better than nothing.
Ever Grow Coin (EGC)
Ever Grow Coin may be a new name, but over the last few months this innovative, utility-based cryptocurrency, launched just four months ago, has been on the up.
Still, with a tiny market cap ($300 million) compared to the other projects on this list, EGC could be a breakout for 2022. Led by a team of fully doxxed and experienced blockchain, marketing, and finance professionals, with serious roadmaps and solid contracts, EverGrow has ambitions on making the crypto top 20 over the next 12 months.
They’ve already attracted over 133,000 investors and distributed £33,000,000 of BUSD rewards amongst their holders. Those looking for the next 50-100x punt for 2022 should definitely consider taking a look at Ever Grow Coin – but at the rate, they are growing, you may have to act quick!
Five years since launching, Polkadot hopes to directly rival Ethereum’s blockchain dominance. Down to $20 from November’s high of $54 could mean a real buying opportunity from here. Polkadot allows developers to create their own blockchain, with all transfers generating fees payable in their native token $DOT. This drives value for investors, and at a $20 billion market cap, compared to Ethereum’s $330 billion valuations, there is real potential for growth for Polkadot in 2022.
Is Polkadot good crypto to invest in 2022, and what do analysts predict for the end of year price? Even a modest performance and continued improvement could see 100% gains from here, according to WalletInvestor. Analysts here see Polkadot climbing back up to $38. And if this ambitious team can prove serious competition to Ethereum, they could surpass 300% returns by the end of the year.
XRP has been in the heat of a legal battle that could go either way, but many in the crypto world see this as an opportunity for investment. Should the SEC case go XRP’s way, it would be a major win for Ripple and the crypto world at large.
Digital Coin predicts Ripple will hit $2.04 by the end of 2022, while WalletInvestor predicts $1.632 which would mean 154% gains from the current level. The cryptocurrency started out in 2021 at just $0.219 to hit current prices of $1.117.
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