Are you interested in beginning to invest in cryptocurrencies but aren't sure where to begin?
Finding high growth but low risk cryptocurrencies can be difficult for a beginner investment in cryptocurrencies. Given that there are several new cryptocurrencies entering the market every day, this is very understandable.
We have combed through the market to identify the top ten cryptocurrencies with the most potential for growth in 2022 in order to assist you in purchasing the best cryptocurrencies.
Best Cryptocurrencies To Purchase This Month
One of the top performing altcoins over the past two years has been Sandbox, a Metaverse cryptocurrency. The majority of analysts predict that Sandbox will trade above $20 within the next five years. Sandbox appears to be one of the best cryptocurrencies to buy right now in anticipation of the upcoming bull run given that it has been in a downturn for the majority of 2022 so far.
Analyst predictions do not, however, make SAND the best cryptocurrency to buy right now. The Sandbox team has achieved significant gains in raising SAND's intrinsic value. For instance, Sandbox recently forayed into the virtual concert business in addition to its quickly expanding play-to-earn environment. The Sandbox Metaverse will soon host virtual concerts thanks to work by Warner Music.
The value of the Sandbox will increase along with adoption. This increases the likelihood that SAND will rank among the best Metaverse cryptocurrencies to buy in 2022.
Another cryptocurrency to purchase right now for Metaverse growth is Axie Infinity. On the play-to-earn gaming platform Axie Infinity, users can participate in the creation of virtual avatars that they can later sell as NFTs. Axie Infinity now owns one of the most expensive NFT collections in cryptocurrency.
AXS has emerged as one of the top-performing metaverse cryptocurrencies over the past two years, in large part due to the increased popularity of play-to-earn games. Axie Infinity started trading at $0.123 in November 2020, and by November 2021, it reached a record high of $165.37.
Axie Infinity is among the top Metaverse cryptocurrencies to buy at the moment since adoption is increasing but the price has since dropped by more than 79 percent. Anyone who decides to purchase Axie Infinity right now would be making a significant profit even if it were to retest its record highs.
Expert price forecasts for Axie Infinity for 2022 are optimistic, which is not surprising. The chances are on AXS's side.
One of the most popular Metaverse cryptocurrencies available right now is Decentraland. MANA must take advantage of the hottest cryptocurrencies to invest in right now due to the Metaverse's exponential expansion.
One of the more decentralized Metaverse coins on the market right now is Decentraland. Due to this, the adoption of its Lands by large corporations and retail investors has skyrocketed.
For instance, Samsung just inaugurated a digital shop on the Metaverse of Decentraland. On the Decentraland Metaverse, a property was recently sold for $2.4 million.
The price movement of MANA has generally been synchronous with the expanding use of the Decentraland Metaverse. MANA experienced gains of 6,146.71 percent, rising from a low of $0.0078 in 2017 to a high of $5.90 in 2021. MANA, however, has already fallen more than 70% from its all-time highs.
There is no denying that MANA is a high-growth, undervalued cryptocurrency to acquire right now given the rise in collaborations with play-to-earn games and other use cases for its Metaverse.
Since 2020, Polygon has attracted a lot of investor attention, and with good reason. Once Eth 2.0 is operational, it is anticipated that it will be one of the cryptocurrencies that will handle the majority of Ethereum transactions. Given that the Ethereum merger is anticipated to occur around the middle of 2020, Polygon is one of the best cryptocurrencies to buy right now because it is significantly discounted.
Aside from the anticipated surge in adoption, MATIC's price action also demonstrates that it is a top cryptocurrency that is currently undervalued. Polygon reached an all-time high of $2.92 in December 2021. It has now had a significant correction, and it is now 60% below its all-time highs. Investors in Polygon could become very wealthy in 2022 if the entire cryptocurrency market turns bullish once more.
Many analysts are also very enthusiastic on MATIC given its present price and the likelihood of adoption. Most Polygon price forecasts anticipate MATIC to increase from its present price by at least 50% in 2022. Many predict it will grow by at least three times in the ensuing five to ten years.
Cardano first appeared on the cryptocurrency world in 2017, and by 2021, it was one of Ethereum's most significant and promising rivals. Since its launch, Cardano has also had one of the best performances among cryptocurrencies. Cardano reached an all-time high of $3.10 in September 2021 as a result of news of the introduction of smart contracts.
Along with the rest of the cryptocurrency market, Cardano has since collapsed. Cardano is now trading 72% behind all-time highs. There is a good likelihood that the price will catch up as adoption picks up. Due to its current low price, Cardano is one of the finest cryptocurrencies to purchase right away.
Conclusion
Investors still have several chances to profit both short- and long-term despite the market downturn. The assets we looked at are trending and should shortly experience big price changes.
But you don't have to be bothered by these problems. The three factors that can increase a cryptocurrency's value over time are present in some combination in each of the cryptocurrencies on the list above. Strong mainstream adoption, visibility, and technological superiority.