{"id":25646,"date":"2021-12-06T11:56:08","date_gmt":"2021-12-06T16:56:08","guid":{"rendered":"https:\/\/www.moneysense.ca\/?p=252447"},"modified":"2021-12-06T11:56:08","modified_gmt":"2021-12-06T16:56:08","slug":"best-cryptocurrencies-to-invest-in-for-2022","status":"publish","type":"post","link":"https:\/\/www.moneysense.ca\/save\/investing\/crypto\/best-cryptocurrencies-to-invest-in-for-2022\/","title":{"rendered":"Best cryptocurrencies to invest in for 2022"},"content":{"rendered":"
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First, a recap of 2021: Crypto has had a wild ride this year. From increased institutional and retail adoption to China cracking down<\/a> on crypto transactions, no other investment asset class has drawn so much market attention.<\/p>\n

Through it all, bitcoin kept hitting all-time highs, and it remains the most valuable and widely talked-about cryptocurrency. Yet, on a year-to-date (YTD) basis, some of the top-performing cryptocurrencies have been altcoins likeethereum,up 500%, and cardano, up 1,000%.<\/p>\n

Investors seeking similar windfall-like returns must sift through thousands of cryptocurrencies with varying specialties and differing degrees of utility, adoption and promise. In such a diverse market\u2014valued at more than US$2.6 trillion\u2014how can investors decipher which cryptocurrencies to invest in? We\u2019ve saved you the trouble. Here\u2019s what the experts picked.<\/p>\n

The best cryptocurrencies for 2022<\/h2>\n

Ethereum (ETH) \u2013 The master of all<\/h3>\n

Ethereum<\/a>, or ether, has handily outperformed bitcoin so far this year, a trend experts say will likely continue. Vijay Valecha, chief investment officer at financial consultancy firm Century Financial, says ethereum\u2019s strong performance is underpinned by two key factors.<\/p>\n

First, ether has a high level of real-use potential. It\u2019s the native cryptocurrency of the ethereum blockchain, which is the main platform for smart contracts, a fast-growing segment of the cryptoverse.<\/p>\n

Smart contracts are self-executing agreements that live on the blockchain and use ether as their transactional currency. Ethereum is forecasted to continue holding the largest share of the smart contracts market, which is projected to reach US$345 million by 2026<\/a>. <\/p>\n

Second, the recent ethereum upgrade, known as the Altair upgrade<\/a>, has been well received by investors, as it makes the network more scalable and secure. The upgrade is in addition to the successful implementation of ethereum\u2019s \u201cLondon hard fork<\/a>\u201d a few months back. This change to ethereum\u2019s underlying code led to record interest in its staking rewards program, says Valecha.<\/p>\n

The London upgrade is a significant step in ethereum\u2019s transition from a more energy-intensive proof-of-work (POW) model to an energy-efficient proof-of-stake (PoS) model, scheduled for completion in 2022. <\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

First, a recap of 2021: Crypto has had a wild ride this year. From increased institutional and retail adoption to China cracking down on crypto transactions, no other investment asset class has drawn so...<\/p>\n","protected":false},"author":1,"featured_media":25648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[7,10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/25646"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=25646"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/25646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=25646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=25646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=25646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}