Imagine the following situation: you buy an asset with a lot of upsides at about $5. After one year, its value multiplies, and it is worth $10. After five years, it becomes worth $1,000. You could become a millionaire!
Well, this is what happened to those who trusted Bitcoin in its early stages. However, this does not mean that this situation cannot be repeated in the future. On the contrary: there are many cryptocurrencies with enormous room for growth.
Let’s see which cryptocurrencies have the highest growth potential in 2022!
Cryptocurrencies with good potential for 2022
It is worth mentioning that, in all cases, we recommend that you “hold over” these assets. This means that you trust them and keep them for the long term. That is, you may not get a lot of money from one day to the next, but these assets could evolve over several months or years.
Now that you know this, let’s move on to where you could invest:
Although Ethereum is one of the most popular cryptocurrencies today, everything seems to indicate that it will have a huge growth margin in 2022. While Bitcoin grew by 67% during 2021, Ether (ETH) had an impressive 502% rise, being the fastest-growing mega coin.
Ethereum has enormous room for improvement due to the smart contracts it allows to create. As companies start using this technology, its value will increase. So there is always time to buy more Ethereum to gain a profit margin going forward.
Cardano (ADA) was initially worth a few cents but then reached a price of 1 euro per unit. This situation implies a 670% growth in a really short time (one year). The best of all is that you are still in time to buy several units at a really low value, so if in the future this price skyrockets, you could become a millionaire.
It also works with smart contracts, although with greater scalability. Undoubtedly, the ADA token seeks to be a competitor to Ethereum, although you could invest in both to improve the chances of earning large revenues.
We should not forget Terra, a real unknown at the beginning of 2021, which now appears as a token with enormous potential. It was the great protagonist of last year, as it has achieved a growth of 10,000%, something excellent.
Terra (LUNA) is based on decentralizing finance through a large blockchain. Therefore, it emerged to improve stablecoins with currencies that have a real pair, such as the US dollar or the euro. So, you can invest in it, hoping that in 2022 it will also have great growth.
In short, you have already seen that there are many cryptocurrencies with a huge potential for 2022, so there are many reasons to believe that they could be very profitable investments.
And if you want to have more financial information, we recommend you to keep reading more articles on our blog.