Over the last 13 of Bitcoin mining, trading, and investing, it’s only had one bad year. The MtGox scandal of 2014 saw trust in the digital currency waver and it ended the year on a low note after a bumpy few months.
However, despite all the negative predictions for 2015, Bitcoin came back fighting strong. It regained trust and positive attention and, well, it’s only been up ever since.
Of course, there have been bumps along the way but the number of miners and investors has grown exponentially since then. The power and quality of Bitcoin mining machines have increased, and fast forward to today and people are more excited than ever about where Bitcoin is heading in the future.
Having said all that, not every digital currency is a wise investment. With more than 5,000 different crypto and digital tokens to choose from, you want to ensure you’re making the best choice possible with your portfolio.
In the past, many cryptocurrencies have failed and lost investors millions. There has even been outright fraud such as in the case of the Squid Games tokens where the inventors pulled the rug on investors, prevented anyone from being able to trade or sell after buying, and ran off with billions of dollars while buyers were left empty-handed.
Fortunately, scams and failures aren’t the norm and as long as you do a little research beforehand, you should easily be able to invest your money in crypto that is both safe and (hopefully) profitable.
While we can’t predict the future, we have put together a list of the 7 best currencies to invest in for 2022. As always, only invest what you can afford to lose.
We’re going to have a look at the following cryptos in this article below, in no particular order:
- Bitcoin (BTC)
- Cardano (ADA)
- Dogecoin (DOGE)
- Solana (SOL)
- Yearn.finance (YFI)
- Ethereum (ETH)
- Polygon (MATIC)
1. Bitcoin (BTC)
What list would be complete without Bitcoin? While this list is in no particular order, it still feels right to put Bitcoin at number one because it just deserves to be here.
This crypto turned 13 years old at the beginning of 2022 and can be said that it has not only survived but flourished during this time.
Its success has silenced critics and those who could never quite understand the concept of an unregulated currency. It has also managed to create a lot of winners, change a lot of people’s lives, and has even started being accepted as a real payment method in a number of businesses throughout the world.
Bitcoin has a total market cap of nearly $900 billion and accounts for 40% of the overall market share. At the time of writing this, its value stands at $41,598.80, and while it’s true that there have been better days, the future looks bright for the OG of crypto.
2. Cardano (ADA)
Charles Hoskinson, the co-founder of Ethereum, created Cardano in 2017 and it has gone on to be one of the biggest blockchains to use the far greater energy-efficient proof-of-stake protocol.
ADA wants to nurture an ecosystem that is developer-friendly for decentralized applications. Hoskinson has set a cap on the number of Cardano tokens that can exit, coming in at a whopping 45 billion. So far, only around 75% of that number is in circulation which is good news for wannabe future investors.
Cardano price surge over the previous year hitting $1.30, up 22 cents and staying stable, means this token is one to watch.
3. Dogecoin (DOGE)
Dogecoin receives mixed opinions constantly. Some see it as purely a joke. Others see it as a joke but a profitable one nonetheless. So how seriously should investors take this meme-inspired digital token? Well, as of now, very.
You see, the reason why Dogecoin is a worthwhile investment is that Elon Musk is a genuine fan. In the beginning, it was presumed he was going along with the joke and having a little fun.
However, the opposite is true. It appears that Musk believes in this crypto as much as the die-hard fans do, and given his status in the world when Musk speaks people listen.
Much of Dogecoin’s value rests on what Musk has to say about it or rather, Tweet about it. He has a huge influence on both the value and investors’ confidence. And one little, encouraging comment can cause Dogecoin’s value to skyrocket once again.
Of course, the opposite could also be true. One negative comment and it’s likely the value could plummet. But, for now, Musk seems serious in his love for this crypto so maybe we should all be a little more serious, too.
4. Solana (SOL)
One of the biggest problems that Ethereum faces, alongside the concern over mounting energy issues, is its transaction fees. Right now, the fees are so high, that it makes using ETH for transactions nearly impossible. No one, understandably, is willing to spend so much money on seemingly easy, simple transactions.
However, this isn’t a problem for Solana. This crypto’s fees are minuscule in comparison and dare we say, reasonable. Just like ETH, SOL was created to be part of the elite in terms of decentralized finance but manages to do so without extortionate costs on top.
Since SOL was only launched in 2020, it still has some way to go to pick up attention and show its true value in the market. However, it’s had a great start this past year starting 2021 at $1.51 and ending the same year at just over $160.
5. Yearn.finance (YFI)
Yearn.finance is a hot topic. But only to those who have heard of it… This digital token could be the next big thing and so far things are looking good. This $1.4 billion token, however, does have rather extreme volatility.
Just over the past year, its value has fluctuated between $18,566 and $93,435 and is currently sitting at just shy of $32,000. Overall, while it’s not sitting anywhere close to its peak right now, it did survive the flash crash of November and December 2021 that saw other cryptos fall and fall and fall.
According to USNews.com, this token also has a “noble goal” in mind which is “to expand the Defi arena to less-technical investors and users by enabling optimized returns on yield farming.”
It may not be one of the largest coins on the market in terms of market capitalization, sitting at around 80th place, but that doesn’t mean it won’t have a year to remember.
6. Ethereum (ETH)
Ask people to name cryptocurrencies and Ethereum will undoubtedly be one of their first answers. While it seemed impossible for any digital token to gain even close to the recognition that Bitcoin has, ETH has managed to do it.
Ethereum currently accounts for around 20% of the market share and this number is increasing all the time.
The reason why ETH has been able to make such an impact on the market is that it has another function aside from just holding value.
In the world, Etheruem is the most heavily used blockchain and enables NFTs, other cryptos, and small contracts to trade on top of it. Furthermore, compared to Bitcoin it’s more energy efficient which is something investors are looking out for.
Overall, ETH still has some way to go to catch up to the kind of recognition and user base that Bitcoin has but looking at future predictions, it wouldn’t be crazy to think that one day ETH might just be number one.
7. Polygon (MATIC)
Polygon (MATIC) has gone into overdrive during the previous year. The value of this digital currency has increased a hundredfold in such a short time. This token has managed to get itself into the top 15 of digital value and is an easy choice for one of the best to invest in for the coming year.
Polygon has a market cap of $17 billion and is looking to make blockchains more scalable just like Yearn.finance.
The creators believe this is the best way to encourage mass adaptation. This technology is there to help scale Ethereum and hopefully allow for infinite dApps to run alongside it. As of January 2022, around 72% of Polygin’s 10 billion tokens are in circulation so there’s plenty of time to get your hands on as many as you want.
Seize Your Moment
Right now is as good a time as any to get involved in the cryptocurrency world. With thousands of digital currency options and more always being added, there are going to be plenty of winners along the way.
Of course, if you would prefer to stick with Bitcoin, we understand. It is currently standing the test of time, and despite the odd low, it’s having incredible highs each.
If you can’t afford to start mining solo then not to worry. At Mining Syndicate we have created the largest mining pool in Texas open to everyone from anywhere in the world. We are here so that even the “little guy” can get involved in the future of mining.
What Is a Mining Pool?
A mining pool is a group of people who collectively agree to pool their resources and share the profits.
For example, have you ever split the cost of a bunch of lottery tickets with work colleagues or friends with the agreement that if one of the tickets wins you all share the prize? While you might have to share the prize, there is more chance of you winning in the first place. After all, it’s far better to share $1 million, than it is to keep 100% of nothing.
Well, a mining pool works in the same way. The group of miners will collectively use their resources to create more mining power. The more mining power you have, the higher the chance is that you will generate a block on the blockchain and therefore, receive the reward.
One of the best parts of joining a mining pool is that you don’t have to match other investors. The reward is divided relative to how much power each member contributed. This means you don’t have to be stinking rich or own a ton of resources in the first place. You simply take out proportional to what you put in.
Change Your Future with Mining Syndicate
If you would like any more information about starting or expanding your Bitcoin horizon; reach out to us at Mining Syndicate. Our mission is simple: Strengthen the Bitcoin network by enabling small-scale miners to affordably purchase and reliably host miners.
As a small miner, Chris became frustrated by the lack of hosting options available for miners with under 100 units. As luck would have it, he found a 2.5MW mining facility for sale right down the road, and thus, Mining Syndicate was born. Facilities #2 and #3 are already in the works.
Why is Mining Syndicate so successful? Because we have a team of people who are just like you, eager to be a part of the future of mining. If you would like more information about how you can be a part of Mining Syndicate, how our facility works, or the products we sell, you can reach out to us here.
We look forward to hearing from you - together we are stronger!