What Crypto to buy in 2022?

The cryptocurrency business has grown dramatically in the last year, from $770 million to around $3 trillion, which raises the question of which cryptocurrency to buy in 2022.

Despite the global threat of the COVID-19 outbreak, memecoins such as Shiba Inu and Dogecoin enjoyed impressive growth last year.

While the biggest gains of last year are noteworthy, the growing cryptocurrency sector means that more developers launching more projects in 2022 could turn cryptocurrency investment on its head.

Dogecoin (DOGE)

In 2021, Elon Musk, Snoop Dogg, the Dallas Mavericks, Mark Cuban and others turned their attention to Dogecoin (DOGE).

In May, memecoin grew rapidly and Dogecoin accounted for almost 3 % of the total cryptocurrency market.

According to CoinMarketCap data, a January 2021 investment of USD 1 000 in DOGE had risen to USD 38 550 by September. The price of Dogecoin in 2022 currently stands at USD 0.14.

This coin received a lot of media attention after Musk announced that Tesla would accept $DOGE as payment for goods, resulting in a valuation increase of 20 %.

Terra (LUNA)

“Terra (LUNA) aims to create a number of stable coins linked to fiat currencies such as the US dollar, the euro and others.

Users can make quick trades and trade synthetic shares using the blockchain network.

The project is funded by a number of Asian e-commerce giants and aims to enable the spread of cryptocurrencies.

Last year, CoinMarketCap increased by 5071.23 %, which means that an investment of USD 1,000 in January to September would have increased to USD 50,712.

Evergrow Coin ($EGC)

“Evergrow Coin is a new cryptocurrency for-profit investor that debuted last September and has already outperformed many cryptocurrency projects in its first year.

Thanks to its unique features, including passive income generation, it quickly grew to more than 100,000 investors and exceeded a market value of USD 1 billion in 2021.

To date, it has provided more than USD 33 million in BUSD rewards, which are pegged to one USD and paid into the holder’s account each time a transaction is made.

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