5 Top Crypto to Buy NOW in 2022

If you're a beginner invest in cryptocurrencies and being a crypto investor and want to know what to invest in for maximum profit, then this article is only for you, I'll be going over my five top crypto picks that everyone should have in their portfolio. I am going to reveal my full analysis of each of these coins. I'll go over important stats and news, and why expect them to grow. 

If you are looking for Which cryptocurrency is better to buy in 2022? or What's the Best Cryptocurrency to Invest in Now? Then you are in the right place.

Ethereum

So the first crypto we are talking about today is Ethereum. Ethereum is a decentralized blockchain that operates on smart contracts. And it was founded by Vitalik Butyrin back in 2013.

So, for the research, I'm using the coin market cap. This is where I do a lot of my research and look at a lot of the stats for these crypto coins. Right now Ethereum is trading at $2,579.04. 

In the last month, It hit a low of about $2,300 and a high of $3,185. The market cap at the current valuation is about $309 billion. In the last 24 hours, we have had a trading volume of about $7.54 billion.

Which is down 4%. And our current circulating supply is about 119 million ETH. So if you take a look at the one-month price chart, we can see that it started at about $3,000. 

One month ago, it dipped pretty heavily at the end of February bounce back up to about 3000. And right now it's down to the current price of just over $2,500. If we zoom out to the one-year chart.

However, we can see that one year ago, we were trading under $2,000, a coin that popped all the way up to over $4,000 Back in May of 2021 dropped back down to under 2000 Again, and we saw a tremendous rally starting in July of 2021 all the way up to about $4,700.

Since then it has leveled off quite a bit. Its market dominance is 17.74%. And it has a market rank of number two, if we take a look at the rating section, we can see that the symmetry score is a B plus and the token insight rating is a right now 65% of people that hold Ethereum are making money at the current price and 29% of people are losing money.

The concentration by large holders is 42%, which is a little bit high 58% have held for over one year 36% have held between one to 12 months and 6% have held for under one month. So, Ethereum is one of the most important and revolutionary projects in the crypto space. The Crypto project is specifically innovative because it was the first major platform to enable smart contract functionality and the development of decentralized applications. 

Now, this is especially valuable as it gives rise to smaller blockchain developers who can do big things recently via Ethereum layer two developers Stark were raised at least $100 million and tripled their valuation within four months.

And as of right now, there is a lot to be excited about for the blockchain the locking of over 10 million Ether on Ethereum 2.0. The staking contract was recently announced ahead of a planned upgrade to a proof of stake blockchain.

Currently, Ethereum is functioning on a proof of work blockchain which is more expensive in terms of energy use as well as less efficient now with a theorem upcoming Ethereum 2.0 upgrade the project intends to increase energy efficiency while also being more advanced with its technology and features. 

I really do think that Ethereum is the perfect cryptocurrency for beginners because it truly is one of the first Cryptos that paved the way for so many other projects, including NFT we're already witnessing a global adoption of digital currencies. For example, President Biden's crypto plans were recently revealed and they promised greater coordination between US agencies to ensure a comprehensive approach to digital asset policy as cryptos are more widely accepted.

 It only makes sense for Ethereum a pioneering feat of blockchain technology to be one of the greatest beneficiaries of this adoption. 

 

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Bitcoin

The second crypto we're talking about today is Bitcoin the king of all crypto. Bitcoin is a decentralized digital currency that is considered to be the original cryptocurrency created in 2009 by the identity of Satoshi Nakamoto. So although Bitcoin isn't exactly the original cryptocurrency with a few attempts at accruing cyber currencies back in the 80s.

There's no doubt that Bitcoin was the first major cryptocurrency that is single-handedly responsible for transforming the entire blockchain space Bitcoin's success is unprecedented, with its value reaching a record high of nearly $70,000 By the beginning of 2021, around 12 years since its inception in 2009. 

And very rarely do we ever see an asset reach such astronomically high values in such a short amount of time and we can really attribute this growth to the currency's significance in the world. At the time bitcoins original white paper promised a decentralized system of currencies, it was really appealing to so many people who became disenchanted with the banking systems. 

So taking a look at Bitcoin on the coin market cap, we can see that the current price is about $38,949. In the last month, we've seen a low of $34,459 and a high of $45,000. The market cap based on the current price is about 730 $9 billion, with a 24-hour trading volume of $14.7 billion, which is actually down 11.69%. And right now we have a current circulating supply of almost 19 million Bitcoin, which is about 90% of the total supply of 21 million Bitcoin.

So if you look at the price movement in the last year, we can see that one year ago we were training about $55,000 per Bitcoin, we saw a pretty big crash back in May of 2021, down to about 30 to $35,000 per Bitcoin, then we saw a huge rally starting in July followed by small correction and then another really big rally all the way to almost $70,000 A coin that was back in November of 2021.

But since then, we have seen a pretty big reduction in the price of Bitcoin all the way down to its current price. We're now the market dominance of Bitcoin is 42.47%. And of course, it's the king of all Kryptos. So it's ranked number one in the market right so take a look at the ratings, we can see that symmetry rates it as an A minus and token insight gives it a double A. 

59% of holders are currently making money at the current price and 34% of people holding Bitcoin are actually losing money. Right now the concentration by large holders is 10%. We see that 57% of people have held Bitcoin for over one year 35% have held between 112 months and 8% have held it for under one not more specifically bitcoins network is regulated by many computers.

This means it's decentralized and this basically ensures that transactions are executed properly and securely through a blockchain this was the first ever conception and usage of the blockchain and because of this reason, bitcoin's influence and importance are undeniable and that really is a reason for bitcoins, extremely high market cap so many people have invested their money into this cryptocurrency.

And believe that long term I myself included and while Bitcoin isn't advancing technologically nearly as quickly as its contemporaries, or any of the newer projects that have arisen in the crypto scene, there's never doubt that one Cryptos boom, Bitcoin also booms and I'm sure many of you guys would agree with me that bitcoins performance represents the performance of the entire crypto space. 

So if you are a beginner, I would really encourage you to hold Bitcoin as is the staple crypto coin that probably has the most backing in the world. It's really going to be interesting to see the price movements in the next 5 to 10 years as I think the potential for further big increases is there. So you should definitely keep Bitcoin on your list. 

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Polkadot

Third, the crypto on our list is Polkadot. Polkadot is a blockchain network that promotes and enables the integration of several blockchains so Polkadot was founded with the intention of bridging together different blockchains into a single cohesive network while also enabling the opportunity for developers to create crypto platforms on the Polkadot network. 

These smaller blockchains are known as pair chains and Polkadot recently announced the launch of its first pair chains by developers who want the auctions to build on those pair chains. With these purposes in mind, it's obvious that Polkadot brings a lot of value to the world of cryptocurrencies and many people already know this.

In fact, the Polkadot was reported as being the top crypto held by venture capitalists and hedge funds in the last quarter of 2021. It's definitely bullish for beginner investors who are just dipping their toes in the crypto world to see that so many of the experts have invested their capital into polka dots technology. 

And I think that there's very little reason for Polkadot's price to go down in the long term. As mentioned before, the first pair chain auctions for the network wants extremely well, with so many developers buying for slots and billions of dollars raised for further development. 

So right now Polkadot is trading for $17.75. And in the last month, we have a low of $14.14 and a high of $20.27. So based on the current price, we have a market cap of $17.5 billion and in the last 24 hours, the trading volume has been $742 million, which is down 31.73% Here's the price movement for the last year we can see that one year ago we were at about 34 $35 per coin. 

We've seen some pretty big jumps as well as small corrections here and there. Yeah, we did reach a low of about $11 back in July of 2021, followed by an extremely big rally all the way up to over $50 per coin. And, since November, we've seen quite a big drop in the price for Polkadot its market dominance is 1.01%. 

And the market rank is number 12. Symmetry rates as a B and token insight give it a BBB rating, Polka is likely going to continue to expand especially considering the share amount of investments into the company. And as Cryptoes become more recognized and adopted.

There will be an even stronger demand for the network's technology to ensure interoperability between different blockchains. And because there's already so much hype, excitement, and faith for the platform's success.

I do think that Polkadot is An outstanding crypto investment for beginners.

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Solana

So, the fourth crypto we're talking about is Solana. Solana is a blockchain platform that hosts the development and execution of decentralized crypto applications. So, Solana is really cool because it's unique in the fact that it functions on both a proof of stake blockchain as well as a proof of history blockchain.

A proof of history protocol basically marks every transaction on the blockchain with an encrypted timestamp so that a network of nodes can agree on both the timing and order of events. The protocol in which Solana functions enables its network to be very fast and highly efficient all at a ridiculously low fee per transaction.

And the network is capable of processing 65,000 transactions per second. Right now Solana is trading for about $81.33. And they have a one-month low of $76.86. And a one-month high of $105.98.

Down about 25% from that one-month high. Based on the current price, we have a market cap of $26.25 billion, we have a 24-hour trading volume of just over $1 billion, which is down 19.41%. 

If we look at the one-year price movements, we can see that one year ago, the coin is just over $13 - $14 then the coin stayed pretty stable all the way until July of 2021. And then we saw a huge rally in the price for Solana all the way up to about $260 A coin. Since then the price movement has been pretty much always down. 

The current price is about 30% of the all-time highs back in November of 2021. The market dominance for Solana is 1.51%. And we have a market rank of Number #9.

The symmetry rating right now is a B and the token insight rating is a BBB. Because of Solana's industry-leading technology and capabilities, many can't help to compare the blockchain to Ethereum. 

After all, both platforms support decentralized application development. However, Solana has proven to be an objectively more favorable network considering the fact that it functions on proof of stake and proof of history protocols that are more advanced, efficient, and effective than Ethereum's proof of work system and considering transaction throughput.

Solana is one of the markets fastest while also maintaining dirt cheap rates per transaction and beyond the comparisons to the theory of Solana has so much to offer on its own, that it's no wonder why so many investors and analysts have been going crazy over this crypto for as long as it's existed.

In fact, Solana has hopes of being the next great crypto-based payment system comparable to Venmo. Considering the network's capabilities and promotion of further development of applications on its network. I don't see why this would be a far-fetched possibility for the future of Solana.

The decentralized promoting platform is already one of the most respected and beloved blockchains in the crypto realm and beginners who want to get into crypto should at the very least look into Solana its use cases are there and I believe that it's great crypto to have long-term.

Cardano

The last crypto on our list is Cardano. Cardano is another blockchain platform that promotes decentralized app development and execution. So right now the price of Cardano is sitting at $0.8142 cents with a one-month low of $0.7528 cents and a one-month high of $1.11.

So the market cap based on the current price is $27.4 billion. And the 24-hour trading volume is $632 million, which is actually up almost 8% Yes, the price is low per coin, but you can see that the circulating supply of Cardano is 33.6 9 billion with a max supply of 45 billion coins. 

Looking at the one-year price chart we can see that about one year ago, we were trading at about $1 We saw a big spike all the way up to over $2 Back in May of 2021 followed by a correction and then another huge rally all the way up to over $2.70 per coin now since September, you can see that the price movement has pretty much always been down with the current price almost 4x lower than the all-time highs back in September of 2021.

Cardano has a market dominance of 1.57% and a market rank of number #8. The symmetry score is a C grade and token insight is running at a BBB. So, right now you can see that only 6% of people that are holding Cardano are making money at the current price and 90% of people have actually lost money at the current valuation, its concentration by large holders is 10%. 

And only 10% have held Cardona for over a year. Some 6% have held between one to 12 months and 14% have held under one month. Cardano was one of the first Cryptos to implement the proof of stake protocol, which as I've said before, allows crypto owners to validate transactions based on the number of coins being staked by the owner.

The ultimate goal of implementing proof of stake over proof of work is to reduce energy consumption, which can have greater implications for market performance and environmental sustainability, which would make Cardano a more appealing alternative to blockchain execution compared to traditional proof of stake blockchain. 

In fact, if you look at this graphic, you can see that Tezos which obviously is not Cardano, but a proof of stake network like Cardano consumes significantly less energy than proof of work platforms like Bitcoin and Ethereum. Cardano was founded by Charles Hoskinson, who was one of the co-founders of a theory Hoskinson wanted to create a crypto network that was better than the Etherium and Cardona became the brainchild of his pursuits more specifically beyond launching decentralized apps.

Cardano is focused on streamlining data collection through the platform's Attala prism solution. The proof of stake network also wants to be applicable to preventing the sale of counterfeit goods by monitoring the manufacturing processes of companies. Some wonderfully bullish things to consider about Cardano are its speed and scalability. 

It boasts a potential transaction throughput of 250 transactions per second, which obviously pales in comparison to Solana speeds. But Cardano still proves itself to be a faster alternative to a theory, which is still the measuring bar in the crypto world and when considering the scalability of the network.

Cardano is developing ways to increase the speed and capability of its own network, for example, they are preparing to introduce Hydra which is basically a next-gen solution to cart Donald's current protocols that may allow the network to execute 1 million transactions per second. 

It seems like the platform is ready to look towards the future and given its brilliant Head Start against some of the market's biggest cryptos Cardano should be a no brainer investment to consider for beginners.