8 best cryptocurrencies to invest in 2022 for max gains

best cryptocurrencies to invest in

Are you interested in getting involved in the cryptocurrency market in 2022? If so, it’s crucial to understand which coins have the best use cases and the highest potential – both of which are vital elements when it comes to price appreciation. 

In this article, we explore the 8 best cryptocurrencies to invest in 2022 for max gains, highlighting which coins could generate market-beating returns and showing you how to invest in crypto today – with low fees!

Best Cryptocurrency to Invest in 2022 – Top 8 List 

1. LuckyBlock

Our number one pick for the best crypto to buy now in 2022 is LuckyBlock. When it comes to traditional lotteries, many pain points have been noted in recent years that reduce the fairness and functionality of these games. LuckyBlock looks to solve these issues by offering a ‘crypto lottery’, the foundation of which is based on blockchain technology. The LuckyBlock platform is hosted on the Binance Smart Chain and increases fairness whilst reducing the potential for fraud due to all transactions being noted on the public ledger.

 The exciting thing about LuckyBlock is that geographical boundaries are removed, enabling LuckyBlock’s prize draws to involve people from countries across the globe. What’s more, the typical operating costs associated with traditional lotteries are removed, allowing prize payouts to be larger and quicker. Finally, LuckyBlock looks fantastic from an investment perspective too, as investors can purchase LuckyBlock tokens through the Lucky Block website and benefit from the stellar tokenomics, including a built-in ‘burn rate’, which is designed to increase the token’s value over time! 

If you’d like to purchase LuckyBlock tokens now, you can do so through PancakeSwap with a Binance Smart Contract-compatible wallet and BNB tokens. Following a successful launch and pre-sale the Lucky Block Telegram group has grown to over 24.5k members.  

Buy Lucky Block on PancakeSwap.

Cryptocurrency markets are highly volatile and your investments are at risk.  

2. Ethereum (ETH)

Another option for the best crypto to invest in 2022 is Ethereum. Ethereum is the world’s second-largest cryptocurrency and offers developers an open-source blockchain platform that they can use to build decentralised applications (dApps). As such, Ethereum has much more functionality than Bitcoin, as developers can construct apps related to exciting new areas such as decentralised finance (DeFi) and NFTs. The upcoming launch of Ethereum 2.0 is set to reduce fees and improve scalability, meaning that investing in ETH now could put you in line for some future gains.

Invest in Ethereum on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

3. Solana (SOL)

If you’re looking for an exciting new crypto to invest in, then Solana is worth considering. Like Ethereum, Solana is an open-source blockchain platform that provides faster speeds and lower fees than its rivals. Through a unique Proof-of-Stake system (called Proof-of-History), Solana can complete over 50,000 transactions per second – far higher than Ethereum. Although the price has taken a tumble in recent months, the future looks bright for Solana due to the rise of DeFi and NFTs, meaning SOL could showcase some bullish movements as we progress through 2022.

Invest in Solana on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 4. Dogecoin (DOGE)

One of the best new crypto coins to consider is Dogecoin. Dogecoin is still relatively new to the crypto space and only began making waves in early 2021. Since then, DOGE has gone on to produce exceptional gains and even rose over 12,400% between January and May last year! Although the use cases for Dogecoin are limited, the ‘hype’ generated from social media cannot be understated. Due to this, there’s always the potential that DOGE could skyrocket once again – making it a good investment for risk-seeking crypto investors who can time the swings.

Invest in Dogecoin on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

5. Ripple (XRP)

Another option to consider if you’re wondering which cryptocurrency to buy is Ripple. To clarify, Ripple is the name of the company behind RippleNet, a super-fast payments network. This network is built on top of the XRP Ledger, which uses XRP as its native cryptocurrency. Ultimately, this ledger allows rapid exchange of different FIAT currencies with much lower fees than traditional banks charge. As the demand for faster payments ramps up, networks such as the one developed by Ripple will likely become more appealing – which will naturally make XRP increase in value.

Invest in Ripple on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

6. Uniswap (UNI)

Uniswap is an exciting new crypto to buy now, as it provides investors with direct exposure to the rise of DeFi. Put simply, Uniswap is a decentralised exchange (DEX) built on the Ethereum network that allows users to exchange tokens. Uniswap utilises an Automated Market Maker (AMM) model that leverages smart contracts to create liquidity pools, allowing users to borrow and lend crypto without any need to provide personal information. More and more people are becoming aware of this area of DeFi, making tokens such as UNI extremely valuable as economies move away from traditional financial services.

Invest in Uniswap on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

7. Shiba Inu (SHIB)

Shiba Inu has emerged from 2021 as one of the best cryptocurrency to invest in, as the coin has showcased some exceptional returns in recent months. Much like Dogecoin, this ‘memecoin’ tends to see price increases as a result of social media hype. This is evidenced by the 1100% increase in October 2021, which saw the coin’s price peak at $0.000088. Now that ShibaSwap has launched Shiba Inu’s decentralised exchange, the token has an actual use case, which could help drive the price higher in the weeks and months ahead.

Invest in Shiba Inu on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 8. Avalanche (AVAX)

The final crypto that makes up our list is Avalanche. Avalanche is a unique blockchain platform that incorporates three distinct blockchain networks to power its smart contracts. By dividing tasks across each chain, Avalanche is able to be one of the fastest (if not the fastest) blockchain networks in terms of time to finality. The network’s native token, AVAX, has a capped supply and a built-in burn rate – making it a great investment opportunity if the network were to increase in popularity during 2022.

Invest in Avalanche on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

How to Buy the Best Cryptocurrency to Invest In 2022 for Max Gains

Now that you have an idea of the best crypto to invest in 2022, let’s discuss the trading process. As noted above, our number one crypto pick this year is LuckyBlock, which users can purchase right now through PancakeSwap. With that in mind, the guides below highlight how to buy Lucky Block via PancakeSwap and how to invest in other cryptos using eToro – our recommended broker due to its safety and low fees. 

How to Buy LuckyBlock

Are you interested in buying Lucky Block safely and quickly? Here’s how you can get your hands on this exciting new cryptocurrency with ease.

  • Step 1 – Pick a Binance Smart Contract-Compliant Crypto Wallet: Download and set up a trusted crypto wallet that’s compatible with the Binance Smart Chain. 
  • Step 2 – Purchase BNB: Buy Binance Coin (BNB) or other BEP20 tokens and send them to your crypto wallet.
  • Step 3 – Link Wallet to PancakeSwap: Visit the PancakeSwap DEX, and click on ‘Connect Wallet’.
  • Step 4 – Buy Lucky Block via PancakeSwap: Specify the amount of BNB tokens you want to exchange for Lucky Block and tap ‘Swap’.

Buy Lucky Block on PancakeSwap

Cryptocurrency markets are highly volatile and your investments are at risk.  

How to Buy Cryptocurrency with eToro

  • Step 1 – Sign Up with eToro: Navigate to eToro’s homepage and click ‘Join Now’. Enter your email address and decide on a username and password for your account.
  • Step 2 – Verify your Identity: Complete the required KYC checks and upload proof of identification (passport or driver’s license) and proof of address (bank statement or utility bill).
  • Step 3 – Fund your Account: Deposit a minimum of $10 (£7.37) into your account via credit/debit card, bank transfer, or e-wallet.
  • Step 4 – Buy Crypto: Search for the crypto you’d like to invest in using the search bar and click ‘Trade’. Enter your desired investment amount and click ‘Open Trade’.

Investing FAQs

Is Bitcoin a good investment?

Bitcoin is likely to reach six figures potentially in 2022 or towards the next Bitcoin halving which is in 2024. That’s a 2-3x gain from the current price, which is of course a good investment, however small market cap altcoins have an even higher potential ROI, especially ones bought at presale – such as Lucky Block, which could increase in value 10x or more as it hasn’t ‘pumped’ in price by being listed on a major exchange or achieving mass adoption yet.

Is Ethereum a good investment?

While ETH at the time of writing is experiencing a correction and some sideways consolidation, it has been in an uptrend against Bitcoin (on the ETH/BTC pair) for two years and some crypto analysts predict it will one day ‘flip’ Bitcoin i.e. achieve a higher marketcap, due to many DeFi and NFT projects using ETH. That event is known in cryptocurrency circles as ‘the flippening’. Some investors see ETH eventually reaching $10k – $25k, a 300 – 800% gain from its current value.

Is Solana a good investment? 

Solana has already pumped from $1 to over $200 in a short space of time, and has a large community of investors interested in this potential ‘Ethereum killer’. If it follows in ETH’s footsteps it could reach four figures as ETH did, having started from similar one digit prices. SOL is said to be able to meet all the use cases ETH does, but with a faster rate of transactions per second and more scalability.

Is Dogecoin a good investment?

DOGE tends to move in brief bull cycles where the price spikes high in a short period of time – e.g. when Elon Musk tweets about Dogecoin – then slowly bleeds out in a protracted bear cycle. If you can time the swings, buying the ‘dips’ and exiting to take profit by selling the ‘rips’ then Dogecoin is a good short-term investment. It may not be suited for a long-term hold though – big caps like BTC and ETH are better investments if you have a 5-10 year time horizon in mind. DOGE may fall out of favour to be replaced by similar meme coins like SHIB.

Is Ripple a good investment?

Ripple does have a loyal community of fans who don’t show any sign of selling their coins and has stood the test of time, first becoming popular around the 2017 bull run. It certainly could pump hard one day, as it did back then – when XRP starts trending up it can increase several hundred percent. We’d recommend waiting though until it begins to move, rather than risking an opportunity cost by buying Ripple and simply waiting. Buy strength – other altcoins such as ETH are already in an established bullish uptrend. Set alerts for movements in the XRP price.

Is Shiba Inu a good investment?

Since SHIB has now experienced a large 50% correction from its previous top, it may be ready to go on another run in 2022 and re-test its all-time high. Meme tokens pump much higher and faster than other altcoins and majors (big caps such as BTC and ETH) but with greater potential reward also comes higher risk. Consider only investing what you can afford to lose in SHIB, and diversify your portfolio – never go ‘all in’ on one altcoin. Even newer meme coin Floki Inu may take some attention away from SHIB.

eToro – Best Investing Platform

Since eToro is a social trading platform you can network with other investors to find out their thoughts one which cryptos are a good investment in 2022 – all users have their own Facebook style news feed they can post their crypto price predictions to.

There are also copy trading and copy portfolio (now known as smart portfolios) features in which you can automate your investing decisions by copying the trades or altcoin portfolio allocation of a professional investor with a positive ROI over the past year.

Invest in cryptocurrency on eToro.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This article is part of a paid partnership with Finixio on behalf of financial services company eToro.