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As we go into a new year, every investor wants to know what is the best crypto to invest in for the year 2022. Today we cover memecoins like Shiba Inu, and serious utility coins like Polkadot, Ripple (XRP), and newcomer, EverGrow Coin.
Shiba Inu has a current market cap of $18 billion valuations, around about the same as global brands like LG and Puma. Not bad for a memecoin named after Elon Musk's favourite breed of dog!
If you invested in January 2021 and held tight, you likely had a good Christmas this year, 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 $0.0001 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 300% potential upside still looks pretty good.
5 years since launch, Polkadot aims to directly rival Ethereum's blockchain dominance. Down 50% from November's high could mean a real buying opportunity from here. Polkadot allows developers to create their own blockchain, and all transfers generate fees payable in their native currency $DOT. This is what drives value for investors, and at today's $30 billion market cap, compared to Ethereum's $450 billion valuation, there is real potential for growth for Polkadot in 2022.
Is Polkadot good crypto to invest in 2022, and what do we predict for the end of year price? Even a modest performance and continued improvement could see 100% gains from here, but if this ambitious team can prove serious competition to Ethereum, they could surpass 300% returns by the end of the year.
EverGrow crypto may be new to many of you, but over the last few days this innovative, utility-based cryptocurrency, launched just 3 months ago, has been on a real tear.
Still, with a tiny market cap compared to the other projects on this list, EverGrow is our breakout tip for 2022. Led by a team of fully doxxed and experienced blockchain, marketing, and finance professionals, with serious roadmaps and solid contracts, EverGrow has firm ambitions on making the crypto top 20 over the next 12 months.
Having already attracted over 120,000 investors and having distributed £32,000,000 of BUSD rewards amongst their holders, those looking for the next 50-100x punt for 2022 should definitely consider taking a look at EverGrow (EGC) – but at the rate, they are growing, you may have to act quick.
Ripple has been in the midst of a legal battle that could go either way, but many in the crypto world see this as an investment opportunity. Should the SEC case go XRP's way, it would be a major win for Ripple and indeed the Crypto world at large.
Walletinvestor.com predicts Ripple will hit $1.68 by the end of 2022, which would mean 154% gains from the current level, with Digitalcoinprice.com forecasting slightly lower, but still positive gains of 137%.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
