Top 7 Crypto Currency To Invest $1,000 In 2022: The crypto market is currently buzzing which means that crypto market never sleep or take break, This is the major reasons why many investors are getting more interested on investing in the ever active crypto market.
2022 come with a grand style, with a lots of predictions analysis and confirmation that the crypto market will soar higher and receive a lot of adoptions from many countries. As an investor who is willing to tap into the myriads opportunity in the crypto world, It’s very important to know the best project to invest on as well as knowing top cryptos which might likely do well in the year.
Without wasting much of your time, we will be listing the top 12 crypto currencies you can invest your $1,000 in and expect a good return for the year.
Top 7 Crypto Currency To Invest $1,000 In 2022.
So let’s pretend you got a $1,000 to invest and you want to up game in the wonderful and crazy world of crypto. Maybe you feel you’ve got enough Bitcoin to sink a battleship and need to diversify. Where do you go?
Investing in cryptocurrency projects today is a lot like picking stocks. Bitcoin is one thing. But there are the big blockchain protocols, led by Ethereum, and the newcomers who want to compete with Ethereum on price and transaction time. Then there are the hot sectors of 2020-21, like decentralized finance projects – best known as DeFi. (But you all know that, right?). In 2021, it was the NFT market.
AVALANCHE AVAX ($108)
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
As of writing Avalanche price was $108.35 USD with a 24-hour trading volume of $891,354,258 USD. It was ranking #11, with a live market cap of $26,409,492,629 USD. It has a circulating supply of 243,750,724 AVAX coins and the max. supply is not available.
Terra LUNA ($89.18)
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
The current Terra price as of this writing is $89.18 USD with a 24-hour trading volume of $1,766,068,518 USD. The current CoinMarketCap ranking is #9, with a live market cap of $32,180,590,384 USD. It has a circulating supply of 360,860,219 LUNA coins and the max. supply is not available.
Fantom FTM ($2.84)
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, in December 2019.
The current Fantom price as of this wring is $2.84 USD with a 24-hour trading volume of $1,527,335,259 USD. The current CoinMarketCap ranking is #28, with a live market cap of $7,236,108,336 USD. It has a circulating supply of 2,545,006,273 FTM coins and a max. supply of 3,175,000,000 FTM coins.
Polkadot DOT ($30.15)
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
The current Polkadot price as of this writing is $30.15 USD with a 24-hour trading volume of $1,647,744,034 USD. The current CoinMarketCap ranking is #10, with a live market cap of $29,775,571,243 USD. It has a circulating supply of 987,579,315 DOT coins and the max. supply is not available.
Chainlink LINK ($23.54)
Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.
The current Chainlink price as of this writing is $23.54 USD with a 24-hour trading volume of $1,602,150,225 USD. The current CoinMarketCap ranking is #20, with a live market cap of $10,995,658,740 USD. It has a circulating supply of 467,009,550 LINK coins and a max. supply of 1,000,000,000 LINK coins.
Solana SOL ($169.)
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
The current Solana price as of this writing is $169.90 USD with a 24-hour trading volume of $1,358,137,916 USD. The current CoinMarketCap ranking is #5, with a live market cap of $52,546,235,841 USD. It has a circulating supply of 309,284,002 SOL coins and the max. supply is not available.
Algorand ALGO ($82)
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.
The current Algorand price as of this writing is $1.82 USD with a 24-hour trading volume of $694,329,352 USD. The current CoinMarketCap ranking is #19, with a live market cap of $11,631,488,684 USD. It has a circulating supply of 6,387,564,598 ALGO coins and a max. supply of 10,000,000,000 ALGO coins.
Top Exchanges Where You can Get These Tokens.
BitMart – Is one of the most trusted cryptocurrency trading platform which provides real-time trading services including Bitcoin (BTC), Ethereum (ETH) and other Altcoins. It accept American customers unlike BINANCE that doesn’t support American customers.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here.