Money.nikaniku.com – 10 Best Crypto Assets 2022, Big Money Prospective. In the past, cryptocurrency was an investment instrument that was ignored because it had not been able to make achievements in the stock market. However, crypto assets are now one of the most sought after assets by investors. The reason is, several types of crypto assets can be used as future savings. 2021 has been the best year for cryptocurrencies as their prices have continued to skyrocket in the last 12 months.
The increasing market demand is one of the reasons for the price of crypto to go up. Especially since influencers are promoting crypto assets on social media, which makes ordinary people interested in trying to be involved in the cryptocurrency world. So what are crypto assets? And what are the best crypto assets of 2022? Check out the following review.
Getting to Know Crypto Assets in Cryptocurrencies
Cryptocurrency comes from a combination of two words, namely cryptography which means secret and currency which means currency. Crypto assets are digital currencies and are used for virtual transactions on the internet. There is a unique and complex code that functions as a cryptocurrency security system. Basically, the concept of cryptography has been around since World War II. Germany uses cryptographic codes to communicate so as not to be known by the opposing party.
Although it has been around since the 1990s, the name cryptocurrency has only become famous in the last 10 years. Cryptocurrencies use a decentralized system, which means that there is no 3rd party acting as an intermediary in a transaction. So that payments using digital currency are only known by the sender and recipient.
There are more than 1,000 crypto assets spread all over the world. Crypto assets are high-risk investments, but offer equally high returns. Therefore, it is very important to determine the best crypto asset 2022 before you buy it. Because cryptocurrency prices tend to be unstable and easy to go up or down.
Crypto Asset Trading Developments and Predictions in 2022
Quoted from Business Insider, Arcane Research which is a blockchain research company provides a series of predictions about the best crypto assets in 2022. The extraordinary achievements that crypto assets made last year did not mean they could be stable in the long term. Moreover, in May 2021, crypto prices had decreased by 50% in just 7 days. This means that cryptocurrencies still have a fairly high volatility value. Arcane Research predicts the development of crypto asset trading in 2022, namely,
1. Ethereum Will Outperform Bitcoin
The increasing volume of NFT sales is considered to be able to make Ethereum superior to Bitcoin this year. Moreover, in 2021, Ethereum was far ahead of Bitcoin with an increase of 418%, while Bitcoin only rose 66%. In addition, the advantages of Ethereum are also supported by the Berlin and London Hard Fork system updates which increase the network capacity to be able to process more transactions.
2. Bitcoin Is Predicted To Be Better Than The S&P 500
In 2021, the S&P 500 only experienced a 27% increase, while Bitcoin jumped to 66%. Arcane Research predicts that this year Bitcoin could also outperform the S&P 500 if the stock market continues to rise. However, this can turn bad if the stock market declines.
3. Bitcoin and VIX Stay Tied
Even though the stock market in America did very well last year, fears in global financial markets still affect Bitcoin’s performance. For this 2022 best crypto asset, predicts Bitcoin will remain tied to the VIX. Especially after the spike in the CBOE or VIX Volatility Index which was also followed by a Bitcoin sell-off.
4. The “Meme” Coin Will Fade
The surge in the development of cryptocurrencies last year is also inseparable from the role of “meme” coins. Like Squid, which is a crypto asset that emerged because of the popular Netflix series, Squid Game. This crypto asset had jumped to 75,000% within a week, but then disappeared after that. Arcane Research confirms that absurd phenomena such as these “meme” coins will begin to fade in 2022.
5. USD Coin Can Overtake Tether
In recent years Tether is still the largest stablecoin on the stock market. However, discussing the best crypto assets in 2022, Arcane Research predicts that this could change in 2022. USD Coin could overtake Tether, especially after USD Coin joined the lending wave.
Beware of Crypto Winter
Crypto Winter is one of the phenomena that investors are wary of in the midst of the development of the best crypto assets in 2022. Quoted from Cointelegraph, the term Crypto Winter first appeared in 2018 to 2019 due to prolonged bear market events. Understanding Crypto Winter is a condition when crypto assets experience a significant decline for a long period of time.
This phenomenon has occurred in 2013-2014 and 2017-2018, and it is feared that it will happen again in 2022. Especially after seeing the price of Bitcoin which fell almost 50% in early April 2021. But analyst at Quantum Economics, Jason Deane, insists that there will be no Crypto Winter phenomenon this year. Furthermore, Jason asked that investors do not need to panic excessively at the decline in the price of Bitcoin.
Prediction of the 10 Best Crypto Assets 2022
Before plunging into the world of investment, you should know that nothing is certain about investing. Market movements are fast and carry a high risk. It’s good that you really know which cryptocurrency you are going to buy. The predictions for the 10 best crypto assets in 2022 are:
1. Bitcoin (BTC)
Bitcoin (BTC) runs on its own blockchain or what is called distributed ledger technology. Each addition to a distributed ledger must go through a complicated verification process that involves cryptographic code, so that Bitcoin is guaranteed to be safe from crime. Bitcoin is still the most sought after crypto asset by investors.
Moreover, the price of Bitcoin continues to climb significantly. The proof, in 2017 the price of Bitcoin was still around US $ 500. And now the price of Bitcoin has reached US $ 45,894 or the equivalent of Rp. 654,000,000. Bitcoin price is predicted to continue to increase in 2022. However, Bitcoin is also an investment instrument with high risk for investors.
2. Ethereum (ETH)
Ethereum (ETH) was created by Vitalik Buterin in 2015. Ethereum is currently ranked second in the stock market based on CoinMarketCap. Ethereum (ETH) is a crypto asset with the largest blockchain system and has various development features. Even Ethereum is one of the assets that has influenced the development of the blockchain system to date.
Another advantage of Ethereum is that it is one of the most popular platforms for building Dapps (Decentralized apps) and De-Fi (Decentralized Finance). Ethereum’s market capitalization is also not inferior to other crypto assets. The price of Ethereum reached Rp. 39,983,346 in early January. Even though it is predicted to be the best crypto asset in 2022, the volatility value of Ethereum is considered quite high.
3. Binance Coin (BNB)
Binance Coin (BNB) is among the best crypto assets in 2022. This crypto asset created by Binance functions as a utility token to get a discount when paying trading fees on the Binance platform. Along with its development, BNB has become one of the most sought after crypto assets. Even data from CoinMarketCap states that BNB is in the fourth position in the world as a crypto asset.
Although the price of BNB tends to be volatile, this crypto asset offers other tantalizing advantages. Like the BSC (Binance Smart Chain) system with a smart contract-based blockchain that was just launched by Binance in 2021. In addition, Binance Coin can also be a safe means of payment or a promising investment product.
4. Cardano (ADA)
A crypto asset whose development is quite significant is Cardano (ADA). In 2017, Cardano was still priced at US$0.02, but now Cardano is priced at US$2.20. Developments that can’t be said to be fast but can still be counted as promising investment assets in the future. ADA is also one of the crypto assets that pioneered Proof-of-Stake consensus.
Proof-of-Stake is different from Proof-of-Work, because this consensus can speed up transaction times. Even Proof-of-Stake is referred to as a consensus that can reduce energy and negative impacts on the environment by eliminating the competitive aspect. In addition, this consensus can also be a solution to problems in verifying transactions in other crypto assets.
5. Tether (USDT)
Tether (USDT) is a stablecoin, which means assets backed by fiat currencies such as the Euro and the US Dollar. The advantage of USDT is that its value tends to remain constant when compared to other coins. Even USDT is highly recommended for novice investors because the impact of losses is quite minimal.
6. Solana (SOL)
Solana (SOL) is a crypto asset that is quite unique because it uses two consensus, namely Proof-of-History and Proof-of-Stake. These two consensuses make the transaction process faster and safer. Solana itself is a crypto asset developed to support the use of DApps, De-Fi, and Smart Contracts.
Previously, Solana only revolved at US$0.77, but now Solana’s price has reached US$133. Significant growth of course, so it is not surprising that Solana is one of the best 2022 crypto assets to be reckoned with.
7. Polka dots (DOT)
In May 2020, the Web3 Foundation under the leadership of Gavin Wood launched Polkadot (DOT). Then in November, Polkadot auctioned off their first parachains slot to developers. Then in December, five Polkadot parchains were handed over to the relay chain. At that time, Wood was very confident that Polkadot could reach a speed of 1 million TPS.
One of the first parachains launched by Polkadot was Moonbeam. These parachains are considered important because they can be a bridge for Ethereum dApps running on Polkadot. So that Polkadot can grow rapidly in the ecosystem. Polkadot is named as the best 2022 crypto asset to buy this year. Moreover, if DeFi and DApps consumers on Polkadot increase, the demand for DOT tokens will also increase.
8. Shiba Inu (SHIB)
Shiba Inu (SHIB) started 2022 very well by selling 125 million SHIB tokens in less than a week. Quoted from Blockchain media, Shiba Inu is predicted to continue to soar thanks to the updates made this year. Even Shiba Inu managed to get a cooperation contract as an official payment instrument for AMC Theatre, a well-known cinema in the US and an online travel service company called Travala.
PancakeSwap is a decentralized exchange that functions to buy and sell cryptocurrencies without using a centralized intermediary. The service is built on the Binance Smart Chain (BSC) with smart contracts. Judging from its development, PancakeSwap is predicted to reach US$29.12 this year. Even if the crypto market trend continues well in 2022, PancakeSwap is expected to reach an average price of US$25.45.
10. Dogecoin (DOGE)
Dogecoin (DOGE) is one of the hottest crypto assets in 2021. This is because DOGE was able to achieve a total increase of more than 4,000% since its launch in 2013. Due to this fairly rapid development, Dogecoin is called one of the best crypto assets in 2022. Quoted from Yahoo Finance, the price of DOGE is predicted to reach the price of US $ 1 in the middle of this year. Even some experts say that the price of Dogecoin can reach US $ 1.5 for the next 5 years.
Tips for Choosing the Best Crypto Assets 2022
From year to year crypto assets are growing very rapidly. Even now crypto is not only used as a means of payment, but also an investment for the future. Even though the volatility is quite high, investors are still interested in buying crypto assets. In order not to buy the wrong one, use the following tips for choosing the best 2022 crypto assets.
1. Crypto Asset Concept
First, you have to understand the real concept of crypto assets. Never buy crypto assets just because they are following the current trend. This can actually bring big losses for you. Because crypto assets have a high volatility value, which means the crypto value can change in seconds
2. Bitcoin Launch Time
Bitcoin is currently the best-selling crypto asset. Moreover, there are only 21 million Bitcoins worldwide and to date there are 18 million Bitcoins traded. If you want to get Bitcoin then watch the launch time. Buy Bitcoin when the price is down to make a profit when it is resold.
3. The Team Behind Crypto Assets
The next tip is to find out the team behind the crypto asset. Several types of crypto assets are created by well-known cryptocurrency companies so transactions are guaranteed to be safe. However, there are also crypto assets that are heavily traded but disappear afterward, such as “Meme” coins.
For Beginners, This Is How To Trade Crypto Assets
Currently, there are many crypto asset trading applications that can be downloaded online. Each application offers different advantages. However, it’s a good idea to use a trading application that has been supervised by the Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (BAPPEBTI) to keep transactions safe. For those of you who are still beginners, use the following 2022 best crypto asset trading methods:
1. Register Account
The first step is to create an account first. It takes an email address, personal data, and an active cellphone number to open a trading account. You are even required to upload a personal identity card such as an ID card in some crypto asset trading applications.
2. Capital Deposit
After the trading account is created and you log-in with the account, then make a capital deposit. Make sure you use money beyond basic necessities for trading crypto assets. That way you won’t be confused if you experience a loss from your first trade.
3. Start Trading Crypto Assets
If you have filled in the deposit then you can start trading crypto assets. But remember, don’t put all your capital in one type of crypto asset. So that when the asset you buy is going down, you still have other assets whose price goes up.
Why Not Start Investing in Crypto Assets?
There are many ways to increase your income, one of which is trading crypto assets. Crypto prices that continue to soar are one of the reasons why this product is suitable as an investment. Moreover, crypto can be used as short-term and long-term investments.