51 Most Popular Cryptocurrencies You Must Keep An Eye On.
Updated: Oct 4, 2022
Yesterday while I was about to tweet with a stock market hashtag on Twitter, my scrolling led my hunt towards the Bitcoin crash. A few months back, I was deeply disappointed when I lost a few hard-earned bucks in the Bitcoin crash. Simultaneously I gained more than I lost from some other crypto. It led me to believe that cryptocurrency will stop being a passive source of income for investors. So I shifted my focus to examining options that exclude Bitcoin. Now, before you think I am backlashing against it because of what I lost, it is never like that! Bitcoin is safer, but we need to learn the market landscape and better options. Hence, I snooped the internet, read stats and researched deeply to compile a list of the 51 most popular cryptocurrencies.
This list will help you learn about popular cryptocurrencies, how they behave and importantly what is the best cryptocurrency to invest in 2022.
Let's get started.
First, Let's Talk About The 51 Most Popular Cryptocurrencies.
From supporting individuals to improving interconnectivity, Ethereum is the second largest cryptocurrency in the world. Its smart contracts and crypto collectables are the go-to things.
After it became the legal tender of EL Salvador in 2021, it is less risky in 2022 compared to 2012. It has also participated in the global geopolitical climate, which made it look like the year of massive adoption, attracting investors to invest.
Tether is the third largest crypto used for investments, money transfers, or earning interests. It might seem safe since it is a stablecoin, but you should know that it alleges the fact that it manipulates bitcoin prices.
It is a digital dollar that is a kind of stablecoin. Though stablecoins are not a good investment, you can use them for other purposes. You can even earn a generous amount of interest on them. USCoin is one of the most popular cryptocurrencies that is also accepted for visa transactions.
Designed to be used in the BINANCE Ecosystem, it inaugurated in the summer of 2017. According to Arcane Research, the coin gained roughly 1,344% in 2021, compared to 73% for Bitcoin and 455% for Ethereum.
6. Binance USD.
In terms of trading volume, the Binance Exchange was founded by Changpeng Zhao and is one of the most popular exchanges in the world. Exchange users who use the token as payment can trade at a discount.
When Ripple (XRP) was set on the market in 2013, the sole purpose was to facilitate international payments and settlements for financial institutions. According to its description, it is an open metaverse that develops seamless virtual environments to provide a wonderful experience.
It is a blockchain capable of running its own mainnet. The year 2021 was a golden one for Cardano. The bulls performed well, reaching over 691 per cent in one year, proving this movement. The network received a long-awaited upgrade to add smart contracts to its blockchain, making it possible to develop Dapps and enter the world of DeFi and NFTs.
According to Coindesk, Solana processes 2,700 transactions per second, making it the fastest cryptocurrency out in the market. A downside to Solana is that it is not as distributed as Bitcoin, Ethereum and Cardano, which is a plus for some investors but a disadvantage for others.
Since May 2021, when Dogecoin 2020-21 rally, experts noted the lack of significant developments. Most cryptocurrencies reached new all-time highs in November 2021, but Dogecoin, one of the most popular cryptocurrencies lost momentum in mid-2021 and never recovered.
A whitepaper explaining Polkadot was published in 2016 by Ethereum founder Gavin Wood. Some investors see it as an inevitable development in cryptocurrency as it can be the next step in improving blockchain technology. But at the same time, it is still very young. That is the reason it may pay off big in the long run but at the same time go bust if some better technology overlaps.
12. Shiba Inu.
Launched in August 2020, Shiba Inu is one of the best meme coins in the cryptocurrency market. They have instituted the Shiba metaverse, which can result in a price increase. Its tokens ended in 2021 higher by 46000000% because of the social media hype that was totally new in the world of cryptocurrency.
Maker DAO back this cryptocurrency. It enables people to take out loans using cryptocurrency as collateral. DAI is a stable coin but different from others. It is so because the ownership is not public. It is decentralized, which means there is no single-person control. Instead, the one who holds the MKR tokens decides it.
According to Watcher Guru, Coca-Cola launched its NFT collection on Polygon on 8 August 2022. TradingBeasts predicts a bearish trend for Polygon (MATIC) in 2022, culminating in a decrease of 10,44 per cent in April. However, Polygon prices can show a rise in mid-2023. Until 2024, the upward trend is expected to continue.
The objective of Avalanche was to provide a scalable blockchain solution with an emphasis on providing low transaction fees and reducing environmental impact. In summary, Avalanche's (AVAX) prediction for this year says it will continue to experience price growth and bullish sentiment. In light of the increasing adoption of DeFi and NFTs, new users, who enter the crypto industry may consider Avalanche an Ethereum alternative.
By offering faster and cheaper transactions, smart contracts, dApps and other services, TRON outperformed Bitcoin and Ethereum (two of the most popular cryptocurrencies of that time), as were many other cryptocurrencies launched around 2017. A long-term TRON price prediction is $0.10 by the end of 2022, $0.22 by the end of 2023, and $0.74 by the end of 2025.
17. Wrapped Bitcoin.
With Wrapped Bitcoin, you can showcase and guarantee the security of the underlying asset, Bitcoin, which is transparent and offers complete transparency. The Wrapped Bitcoin (WBTC) token is the first ERC-20 token backed 1:1 by Bitcoins.
The Uniswap exchange is one of the most secure cryptocurrency exchanges. As Uniswap interacts directly with your Ethereum wallet, a hacker would have to compromise your crypto wallet, since the exchange does not hold your funds. Decentralized finance enthusiasts might find Uniswap an ideal addition to their portfolio. Furthermore, the V3 upgrade by Uniswap makes cryptocurrency on the platform even more liquid than before.
19. UNUS SED LEO.
At the centre of the IFinex ecosystem, the LEO asset is a digital asset that enables investors to trade, borrow, and lend conveniently without having to pay herculean fees. Wallet Investor predicts,
Based on our technical analysis and future price forecast, a long-term increase is expected; the price prediction for 2026 is $24.385. With a 5-year investment, the revenue is expected to be around +317.41%.
20. Ethereum Classic.
Ethereum Classic is a controversial coin. It is not supported by the Ethereum Foundation, but it still holds some significant influence within the crypto community. It has adherence to the "you're your own bank" principle.
As a result of its fast transaction processing speed, litecoin is a viable means of transferring money daily. Additionally, it has a larger circulating supply, which is helping to spread its adoption but also lowering its value. Bitcoin's circulating supply is just 21 million, while litecoin's is 84 million.
22. FTX Token.
It is called FTX token after Sam Bankman-Fried, the creator of FTX, a spot and futures cryptocurrency trading platform. With the ticker FTT, users of the FTX exchange can lower their trading costs and take advantage of different features offered by the token. The FTT Token had a 350 million initial supply when it was privately released on July 27, 2019. Users receive OTC reimbursements and transaction charge reductions based on their FTT investments.
Currently, Chainlink has more than 1,400 partnerships, outperforming its closest competitor, Band Protocol, which has 53. However, Chainlink has shown no real signs of sustained recovery so far in 2022, like the rest of the cryptocurrency market.
The ecosystem of Cosmos features smart contract functionality, safe and secure system of transactions and trading without any involvement of middlemen. Though it witnessed a fall in March 2020 to a low of $1.6, it is on the recovery. According to crypto forecasts, it has beaten records by achieving a price of $ 6.5, which ends the year on a positive note.
It entered the market in the winter of 2018 at $0.011. It has moved constantly with a balance without showing much volatility in these three years. It was in 2021, when it showed a prominent rise, reaching $0.96 due to these reasons.
Introduction of metaverse and NFTs,
Increase in market value,
And an increase in institutional demand for cryptocurrencies.
26. NEAR Protocol.
It is a distributed application platform that validates the transaction on its blockchain. It is a community-run cloud infrastructure that combines aspects of the database with a serverless computing platform. The NEAR Protocol may take 10th growth of pox after the series of whales continue to drive its price. Hence, if you wish to invest in the multi-chain token, you may consider it.
Launched in 2014, Monero is designed to reinforce privacy and anonymity. With other cryptocurrencies, it is possible to trace transactions using a unique digital address, which can lead to info about the owner. But with Monera, one can never reach the level of identifying the owner's database as it hides the number of coins received and other relevant information.
It has a uniqueness with impressive technical specs and an early mover advantage that can give few supremacies on adoption. But despite all the epic features and a popular cryptocurrency among the dark web users, it fails to maintain a good position in the industry.
The Stellar network allows users to create, send and trade several types of cryptocurrencies. Designed in 2014 and launched in 2015, it brings the world's financial systems under one network. To check whether it is a good investment, you have to check two factors- If lumens performed well and their potential.
29. Bitcoin Cash.
Bitcoin Cash is a hard fork of Bitcoin. Due to concerns about scalability, transaction speed, and high fees, the coin split from the original protocol in 2017. Government Capital is bullish on Bitcoin Cash over the long term, but their prediction is more conservative. Their experts predict that the coin will only grow by 33% instead of 100% in a year.
FLOW is a layer-1 blockchain that serves as the payment and governance token within the ecosystem. Users pay it to access the services and create dApps. There was continuous development in the network, which made it a good investment for the year 2022. The bullish price prediction in 2022 is $15.821, whereas the bearish price prediction is $1.18. Furthermore, with its advancements, it can reach up to $20 or can go to an all-time high at $42.40 in future.
With Algorand, you can access a wide range of d-blockchain applications from entertainment to finance and sports. There are many use cases for Algorand, as evidenced by the many organizations building solutions on the platform today. Considering Algorand as a smart contract provider rather than a coin, it is likely to grow very strong this year.
VeChain is the native currency of VeChainThor Blockchain. A blockchain that helps in creating blockchain-based software applications. The founding goals of VeChain are to contribute toward lowering carbon emissions and a stable and secured transfer of information across different parties. It can be trusted because of its numerous collaboration with reputated firms and involvement in pivotal projects. However, critics suggest no rigid output on long-term (1-year) investments.