What Crypto to Buy in 2022?

Last year, the cryptocurrency business exploded, expanding from $770 million to roughly $3 trillion, prompting the issue of what crypto to buy in 2022.

Despite the danger of a worldwide COVID-19 outbreak, memecoins like Shiba Inu and Dogecoin enjoyed impressive increases last year.

While the top gainers from last year deserve attention, the growing cryptocurrency sector implies that more developers launching more projects might turn crypto investments on their heads in 2022.

Dogecoin (DOGE)

In 2021, Elon Musk, Snoop Dogg, the Dallas Mavericks, Mark Cuban, and others took notice of Dogecoin (DOGE).

In May, the memecoin saw rapid growth, with Dogecoin accounting for nearly 3% of the whole cryptocurrency market.

According to CoinMarketCap, a $1,000 investment in DOGE in January 2021 grew to $38,550 by September. Dogecoin is now trading at $0.14 in 2022.

The coin generated a lot of media attention after Musk announced that Tesla would take $DOGE as payment for items, resulting in a 20% increase in the coin’s valuation.

Terra (LUNA)

Terra (LUNA) aims to create a number of stable coins tied to fiat currencies such as the USD, EUR, and others.

Users may make quick transactions and trade synthesised equities via the blockchain network.

The project is funded by many Asian e-commerce giants and aims to enable mainstream adoption of cryptocurrencies.

CoinMarketCap increased by 5071.23% last year, implying that a $1,000 investment in January would have grown to $50,712 by September.

Evergrow Coin ($EGC)

Evergrow Coin is a new cryptocurrency gainer that debuted in September of last year and has already outperformed numerous crypto projects in their first year.

Thanks to unique features, including generating passive income, it quickly grew to over 100,000 investors and surpassed a $1 billion market valuation in 2021.

To far, it has given over $33 million in BUSD rewards, which are tied one-to-one to the US dollar and paid into a holder’s account whenever a transaction is conducted.

In early 2022, the team of top (and doxxed) developers launched an NFT marketplace, a play-to-earn game, and a content creation platform.