People, it’s the year 2022! As we say goodbye to 2021, everyone is winding down the year and taking it easy. We’re all spending time with our friends and family.
But, at the end of each year, we all ask the same question: “How do I make sure I have enough money next year?” While 2021 was a significant year for cryptocurrency, all indications are that 2022 will be even more so.
It’s critical for you to get your money straight in 2022 as a crypto investor.
We’ve compiled a list of some of the coins we believe will experience significant price increases in the coming year.
1. Ethereum (ETH)
The performance last year: 456 percent
Ethereum is the world’s second-largest cryptocurrency, trailing only Bitcoin. It’s been at the top for years, and we don’t think any other coin will be able to beat it.
ETH had a fantastic year in 2021. This year, the coin has gained 456 percent, making it one of the best-performing big coins. As cryptocurrency gets more popular, we anticipate that more investors will continue to buy in 2022.
Because of the blockchain, we’re also big on Ethereum. The Ethereum blockchain remains the most popular, and it is currently undergoing a major upgrade known as Ethereum 2.0. Here are some things to be aware of when it comes to Ethereum 2.0:
- Ethereum will be upgraded from Proof-of-Work (PoW) to Proof-of-Stake (PoS) (PoS)
- The Ethereum blockchain will become faster and less expensive to use with Ethereum 2.0.
- If Ethereum 2.0 is successful, it will bring more individuals to the Ethereum blockchain. Ethereum’s price will skyrocket as a result of this.
Where to Buy Ethereum in Nigeria
Ethereum is available on a few Nigeria-focused cryptocurrency exchanges, such as Roqqu, where you may buy it with Nigerian Naira, stablecoins, and other cryptocurrencies.
2. Solana (SOL)
Performance so far this year: 10,740 percent
Another coin we’re excited about is Solana. It has increased by 10.740 percent so far this year, and it appears that the coin is only getting started.
The Solana blockchain, if there is one, has the potential to challenge Ethereum’s dominance. That alone is reason enough to be a Solana fan. It has exploded in popularity this year, and more individuals are constructing on it as a result of Ethereum’s problems.
Among the “Ethereum killers,” Solana has grown in popularity. These are blockchains that have attempted to usurp Ethereum’s dominance by luring developers to build apps on their platforms.
Whether or not the Ethereum 2.0 upgrade succeeds, we’re pretty sure that Solana’s users will continue to grow.
3. Bitcoin (BTC)
76.3 percent year-to-date performance
Although it may sound cliched, Bitcoin remains one of the finest cryptocurrencies to invest in. It is still the most valuable coin, and none of the other coins threaten its dominance.
There are numerous reasons to purchase Bitcoin at this time. It was able to maintain its stability throughout the year, despite many market downturns. If anything, this demonstrates that Bitcoin isn’t a toy.
There’s a lot to be thrilled about heading towards 2022. Countries such as the United States are rumored to be considering regulating Bitcoin. This will increase its legitimacy and attract more people to purchase and invest in it.
Even in the absence of regulation, several of the world’s largest corporations have invested in Bitcoin. Tesla, Block (previously Square), and MicroStrategy are among them. Bitcoin has also attracted the attention of a number of well-known figures. These are some of them:
- Tesla’s CEO and the world’s richest man, Elon Musk
- Twitter’s founder and Block’s CEO, Jack Dorsey
- Apple’s CEO, Tim Cook
- Dalio, Ray (a billionaire hedge fund manager)
In 2022, we expect more prominent names to invest in Bitcoin.
Also, we expect more countries to legalize Bitcoin. El Salvador made a big splash this year when it made Bitcoin legal tender, and there have been talks that several other countries could do the same. For now, fingers crossed.
Where to Buy Bitcoin In Nigeria
Top cryptocurrency exchanges in Nigeria, such as Roqqu, are your best bet if you want to know where to buy bitcoin in Nigeria. Bitcoin may simply be purchased using Naira or USDT.
4. Chainlink (LINK)
Performance thus far this year: 80.2 percent
Chainlink, unlike Ethereum and Solana, does not use a blockchain. It is, instead, a data oracle.
To function properly, blockchains require access to several types of data. Some of this information, though, isn’t available on the blockchains themselves.
Here’s where oracles come in handy.
Oracles are technologies that assist in the connection of these blockchains to other data sources. They secure the effectiveness of blockchains by doing so.
The most popular blockchain oracle on the market is Chainlink. Chainlink is essential for app developers to ensure that their apps run properly, hence it plays an important role in the blockchain and crypto markets.
In 2022, we expect more people and businesses to use blockchains. If this happens, Chainlink’s – and its LINK coins’ – adoption will surge. As a result, this coin has a promising future.
5. XRP (XRP)
Performance so far this year: 334.6 percent
Once upon a time, XRP was the third most valued cryptocurrency on the market. Although it has since decreased in value, XRP remains a significant player in the cryptocurrency world.
Part of the reason for the steep dip in XRP is that its creator, Ripple Labs, was sued by US regulators for fraud. The complaint was filed in December of last year, and both parties will continue litigating in the courts until 2021.
However, many in the industry believe that XRP’s prospects are improving. Ripple Labs believes it will be able to resolve the SEC issue by 2022, which will be a big boost for XRP.
XRP has managed to produce 346 percent returns throughout the year, despite the litigation. We expect XRP to reach the moon if Ripple Labs wins this lawsuit.
6. Binance Coin (BNB)
Performance so far this year: 1,332.9 percent
Binance’s native token, BNB, is the world’s largest cryptocurrency exchange. Users of Binance can obtain the coin and benefit from features such as lower trade fees, faster transactions, and trading, among others.
The reason we chose BNB is because of its ties to Binance. Binance, being the world’s largest cryptocurrency exchange, commands a significant share of the cryptocurrency market. BNB has enjoyed significant benefits as the exchange has grown.
BNB, for example, has increased by 1,332 percent this year alone.
There have even been talks that Binance could go public in the next year or two. The company’s biggest rival, Coinbase, went public back in April and has been largely successful so far. If Binance does the same thing, just imagine how high BNB could go!
7. Dogecoin (DOGE)
Year-to-date performance: 4,050%
Dogecoin is the world’s biggest meme coin. Our favorite meme coin was able to deliver amazing returns this year, thanks in part to its massive online community. All through 2021, different celebrities – including Miley Cyrus, Snoop Dogg, and even Elon Musk – were able to use their influence to boost DOGE’s price.
For 2022, we expect that DOGE will go in a more serious direction. It has survived off vibes so far, and that’s fine. But, if it is to really grow in value, DOGE will need to have a specific use case.
Interestingly, Elon Musk has been talking a lot about DOGE recently. He claimed that DOGE is better for making payments than Bitcoin, and he even said that Tesla will soon start accepting DOGE for merch payments.
We believe that there will be more use cases for DOGE in 2022. This way, DOGE’s adoption will increase even more – and so will its price.
In Nigeria, Where Can I Get These Coins?
Crypto exchanges are your best chance if you want to get your hands on any of these coins. Exchanges such as Roqqu make it easy to buy cryptocurrency in Nigeria. You will benefit from features like as rapid transactions, cheap fees, and excellent customer service.
You can buy cryptocurrency on Roqqu and other Nigeria-focused crypto exchanges using a variety of techniques. Naira, the USDT stablecoin, and even the dollar can be used to purchase. There’s an exchange for you, no matter which choice you choose!