3 Unstoppable Cryptocurrencies to Buy in 2022
Key Points
Phase 2 of a major upgrade should provide a boost to Ethereum in 2022.
Solana's fast transaction speeds and low costs position it well for the future.
Avalanche's ecosystem should enjoy strong growth with a ringing endorsement from Deloitte.
You can't depend on history repeating itself. The raging bull market for cryptocurrencies we saw in 2021 won't necessarily continue into the new year. But it might.
Regardless of how strong the overall crypto market is, your chances of success are better if you're highly selective about the digital coins in which you invest. With that in mind, here are three unstoppable cryptocurrencies to buy in 2022.
- Ethereum
Ethereum (CRYPTO:ETH) already ranks as the second-largest cryptocurrency in the world, based on market cap. It also boasts the most widely used blockchain. More than 40 of the top 100 cryptocurrencies are built on Ethereum's platform.
However, Ethereum has its downsides. Its blockchain isn't very fast and transaction costs are steep. As a result, some developers have opted to switch to other blockchains. Despite these negatives, though, Ethereum's native ETH token soared more than 450% in 2021.
- Solana
Solana (CRYPTO:SOL) delivered a massive return of close to 12,650% in 2021. And that gain is after a general pullback in cryptocurrencies over the last two months of the year.
There are two main reasons why Solana stands as the fifth-largest cryptocurrency based on market cap. Its blockchain is fast, with the capability to process up to 65,000 transactions per second. It also has super-low transaction costs of around $0.00025.
- Avalanche
Avalanche (CRYPTO:AVAX) is the smallest of these three unstoppable cryptocurrencies, based on market cap. However, it's still big enough to hold the No. 11 spot on CoinMarketCap's ranking of the top cryptocurrencies after soaring close to 3,350% in 2021.
Like Solana, Avalanche is a popular alternative to Ethereum. However, in some ways, Avalanche is beating Solana. For example, it's generating significantly more decentralized application (dApp) revenue than Solana is.