7 Promising Cryptocurrencies for 2022, According to Analysts

 

7 Promising Cryptocurrencies for 2022,

According to Analysts

In addition to bitcoin, experts see potential in a new group known as 'Ethereum killers'.

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After a period of oscillations and corrections, market agents were quite optimistic about the

appreciation of bitcoin (BTC) and promising cryptocurrencies for 2022. Some believed that the

cryptocurrency could reach US$ 100 thousand still in 2021, which did not happen. Trading

below $50 in early 2022, according to CoinMarketCap, bitcoin could still rise again and should

not be the only one to benefit from the crypto-asset boom cycle, argue experts heard by

InvestNews.

“Everyone needs to have some bitcoin in their wallet,” says Helena Margarido, a cryptocurrency

analyst at Monett. Here are expert views on where to mine for the best investment opportunities

in promising cryptocurrencies for 2022.

What are the most promising cryptocurrencies for 2022?

Among the main recommendations of the experts consulted by the report, seven

cryptocurrencies stand out as opportunities to invest for 2022. They are:

Bitcoin (BTC)

According to experts, 2022 will be a market-leading year for bitcoin, with hyper valuation and the

potential to reach $100,000. For this reason, they advise every investor to keep Bitcoin in their

wallet.

Sunshine (SUN)

In addition to bitcoin, other promising cryptocurrencies with different fundamentals may appreciate

what they believe to be the technological revolution. Among them, the Solana (SOL), which

integrates the category of coins known as Ethereum killers, according to Nasser. That is, assets

similar to the Ethereum project, but that can benefit from the edges of their capitalization.

“All problems in Ethereum (ETH) are problems, SOL has a solution. A scalable smart contract

platform with high value for decentralized finance,” explains Nasser.

Polkadot (DOT)

Another interesting asset is Polkadot (DOT), a protocol that aims to connect all blockchains, in

addition to capturing much of the Ethereum network market.

Avalanche (AVAX)

In addition to the aforementioned cryptocurrencies, Nasser, from Inversa, has Avalanche (AVAX)

among his top recommendations for 2022.

Cryptocurrency also belongs to the group of 'Ethereum killers ' and according to him, it is a

protocol with superior advantages in scalability and programming than the Ethereum network.

Despite the expansion of the market, experts point out that there are projects that the investor

should stay away from, due to the lack of fundamentals or even setting up fraud initiatives.

They cite Ripple (XRP), which follows a centralized model. For the experts consulted by Invest

News, the cryptocurrency is not part of a blockchain network, it presents distorted marketing and

its trading is involved in fraud and market manipulation.

How to choose a good cryptocurrency project?

Similar to the choice of other assets in the market, such as stocks and funds, cryptocurrencies

also require a lot of study on the part of investors before going out to buy. Knowledge,

preparation, and a lot of questioning are the basis for mining good opportunities, according to

experts.

They point out that people are often unaware of why they are buying a cryptocurrency. “Most

invest in cryptocurrencies because someone said it will go up,” says Nasser.

If you have never invested in cryptocurrencies, Nasser advises starting with bitcoin (BTC) and

then taking your first steps in the Ethereum network (ETH), tokenization, and decentralized

finance (Defi).

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Before investing, he advises getting to know all these projects and their fundamentals well.

Next, the investor needs to open an account at a brokerage specializing in crypto assets. In

Brazil, Helena cites the Bitcoin Market and Foxbit as references. There is also Binance, the

largest international trading platform.

She also advises investors to have their digital wallets, to store their crypto assets safely.

“In the crypto world, you are your bank. Leaving your cryptocurrencies in custody somewhere

is never a good alternative”, he warns.