10 Cryptocurrencies that Will Make You a Millionaire in 2022
Top Cryptocurrencies and Exchanges
Bitcoin has attained the status of the “Alpha coin” leading the pack of other altcoins.
Investors that missed the Bitcoin rush in late 2016 – early 2017 when Bitcoin was below $1,000/BTC may struggle to own one BTC.
Cryptocurrency Exchanges like Paxful, Changelly, Binance, Coinbase now allow investors purchase fractions of BTC.
Asides from Bitcoin there are other Altcoins in 2022 worthy of attention. Most of them are a little over a U.S dollar and are well within the top 10 cryptocurrencies in the market.
Key Takeaways
•A large stake in Altcoins may become a feasible strategy for future cryptocurrency millionaires.
• Cardano (ADA), Ripple (XRP), Polkadot (DOT) & Dogecoin (DOGE) has shown upside potentials with growing market capitalization. See full list.
• 83% of Americans don’t keep their wealth in crypto, 1 in 10 hold more than 10% of their assets in cryptocurrencies, according to CNBC.
• The Winklewolves twins entered the cryptocurrency race intending to spur the blockchain industry. In 2012, both bought Bitcoins for $10 million when the top cryptocurrency’s price was trending around $8.
Let us delve further into the subject…
10 Cryptocurrencies that Will Make You a Millionaire in 2022
1. Bitcoin (BTC)
Cooper Turley, 25, started investing in cryptocurrency in 2017 when Bitcoin was trading a little above $2,000. Turley told CNBC that those early investments made him a millionaire worth seven figures, with 90% of earnings made within 2 years.
At the time of this writing, Bitcoin is still maintaining the same trajectory and with a value of $46,447.18, it still remains one of the cryptocurrencies that could make you a millionaire in 2022.
This is so for three reasons:
- Market dominance since its inception in 2009.
- High market value and capitalization.
- High market liquidity (easy to sell, buy, swap)
Bitcoin has been performing well recently, and it is expected that this upward trend will continue.
According to a Yahoo Finance report, the cryptocurrency (Bitcoin) will eventually reach a value of $1 million per coin.
Despite Bitcoin’s fall in April 2021, Bitcoin still has great upside potential. Investors that are optimistic about Bitcoin’s growth and anticipated returns can start adding BTC to their portfolio.
Buy Bitcoin on Coinbase
Buy Bitcoin on Binance
Buy Bitcoin on Paxful
Buy Bitcoin on Changelly
2. Ethereum (ETH)
Ethereum is one of the most flexible open-source cryptocurrencies with smart contract functionalities. Ethereum is known to power a lot of global payment platforms, and applications. Ethereum is also known to have a booming community of programmers.
Ethereum is trailing strongly after Bitcoin but has never overtaken it yet. Ether and BTC follow the same market path. As the price of BTC goes up, ETH follows. Ethereum is considered an alternative to BTC.
Buying Ethereum now is like buying the Bitcoin of the future. Although Ethereum is valued at $3,801.68 at the time of this writing, it still has lots of investment potential.
Buy Ethereum on Coinbase
Buy Ethereum on Binance
Buy Ethereum on Paxful
Buy Ethereum on Changelly
3. Binance Coin (BNB)
Binance is one of the largest crypto exchanges in the crypto space, so it comes as no surprise that it has its own coin called the Binance Coin, which has been performing quite well in the crypto market.
Binance is constantly making efforts to bring about a wider recognition of crypto exchanges in terms of financial activities, and establishing its own coin has proven to be a step in the right direction in this regard.
The price of the Binance coin at the time of writing is $512.25 with a 24-hour trading volume of $1,802,044,161 and a live market cap of $85,443,437,316. It has a circulating supply of 166,801,148 BNB coins and a maximum supply of 166,801,148 BNB coins.
BNB went through a significant price increase at the beginning of 2021, which put it on the map of enterprise investors. As such, investing in it this year won’t be a bad idea at all.
Buy Binance Coin on Coinbase
Buy Binance Coin on Binance
Buy Binance Coin on Paxful
Buy Binance Coin on Changelly
4. Tether (USDT)
USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar and is issued by the Hong Kong-based company Tether.
The price of Tether at the time of writing is $1.00 with a 24-hour trading volume of $55,412,346,765 and a live market cap of $78,458,052,147. It also has a circulating supply of 78,437,966,728 USDT coins with no known maximum supply.
The distinctive characteristic of USDT is that Tether guarantees that its value will stay tethered to the US dollar.
Tether claims that every time it issues new USDT tokens, it adds the same number of USD to its reserves, guaranteeing that USDT is completely backed by cash and currency equivalents.
This coin may not make you a millionaire in 2022, but it is a good coin to save your money in, especially for weaker currencies compared to the USD.
Buy Tether on Coinbase
Buy Tether on Binance
Buy Tether on Paxful
Buy Tether on Changelly
5. Solana (SOL)
Solana is a highly functional open source project that uses blockchain technology’s permissionless feature to create decentralized financial (DeFi) solutions.
While the idea and first work on the project began in 2017, the Solana Foundation, with headquarters in Geneva, Switzerland, formally launched Solana in March 2020.
The launch of the Degenerate Ape NFT collection sent SOL to an all-time high above $60, and it has been steadily rising since, owing primarily to increased developer activity in the Solana ecosystem, increased institutional interest, the growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana.
On September 9, 2021, the price of Solana reached an all-time high of $216.
With a price of $167.81 at the time of this writing, a 24-hour trading volume of $1,215,110,520, a live market cap of $51,924,588,203, and a circulating supply of 309,419,127 SOL coins, investing in it will surely make you a millionaire in 2022.
Buy Solana on Coinbase
Buy Solana on Binance
Buy Solana on Paxful
Buy Solana on Changelly
6. Cardano (ADA)
Cardano is a proof-of-stake blockchain platform whose goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change.
In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano’s price to surge, gaining 116% in the following month.
The price of Cardano at the time of this writing is $1.32 with a 24-hour trading volume of $956,158,903, a live market cap of $44,253,115,370, a circulating supply of 33,499,612,793 ADA coins, and a maximum supply of 45,000,000,000 ADA coins.
This crypto will make a good investment should you decide to invest in it in 2022.
Buy Cardano on Coinbase
Buy Cardano on Binance
Buy Cardano on Paxful
Buy Cardano on Changelly
7. USD Coin (USDC)
USD Coin (abbreviated USDC) is a stablecoin that is tied to the US dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 in reserve, which is stored in a combination of cash and short-term US Treasury bonds.
According to the Centre consortium, which created this instrument, USDC is issued by licensed financial institutions.
The stablecoin first became available in limited quantities in September 2018. Simply put, USD Coin’s slogan is “digital money for the digital age,” and the stablecoin is intended for a future where cashless transactions will become more widespread.
The price of USD coin is $1.00 at the time of this writing with a 24-hour trading volume of $3,345,436,419, a live market cap of $42,646,402,491, and a circulating supply of 42,646,026,637 USDC coins.
This type of coin is great for holding against inflation and is still a good investment to make in the long run this year.
Buy USD Coin on Coinbase
Buy USD Coin on Binance
Buy USD Coin on Paxful
Buy USD Coin on Changelly
8. XRP (XRP)
XRP is the crypto that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger.
XRP was created by Ripple to be a speedy, less costly, and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.
The price of XRP at the time of this writing is $0.826778 USD with a 24-hour trading volume of $1,314,678,297 USD, a live market cap of $39,301,701,595 USD, a circulating supply of 47,535,964,473 XRP coins and a maximum supply of 100,000,000,000 XRP coins.
XRP is one of the best crypto coins on the market today and is guaranteed to yield reasonable profits should you decide to invest in it.
Buy XRP on Coinbase
Buy XRP on Binance
Buy XRP on Paxful
Buy XRP on Changelly
9. Terra (Luna)
Terra is a blockchain technology that powers price-stabilized global payment networks with fiat-pegged stablecoins.
According to its white paper, Terra combines the price stability and widespread acceptance of fiat currencies with the censorship-resistance of Bitcoin (BTC) and provides quick and economical transactions.
The price of Terra at the time of this writing is $83.91, with a 24-hour trading volume of $1,461,864,566. It also has a live market cap of $30,172,870,577 and a circulating supply of 359,588,960 LUNA coins.
This coin will serve as a good investment for you if you take the step to invest in it today. Will you become a millionaire if you invest in it? Well, if done right, most likely.
Buy LUNA on Coinbase
Buy LUNA on Binance
Buy LUNA on Paxful
Buy LUNA on Changelly
10. Polkadot (DOT)
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset type, not just tokens, thereby allowing blockchains to be interoperable with each other.
The price of Polkadot at the time of this writing is $29.78 with a 24-hour trading volume of $1,219,096,275, a live market cap of $29,407,381,505, and a circulating supply of 987,579,315 DOT coins.
This crypto is bound to yield reasonable profits as it gets more and more investments from crypto investors.
Buy DOT on Coinbase
Buy DOT on Binance
Buy DOT on Paxful
Buy DOT on Changelly
Frequently Asked Questions (FAQs)
How Do I Buy XRP?
XRP can be purchased on various exchanges such as Bitstamp, Kraken, and GateHub.
How Much Should I Invest In Crypto?
Most professionals advise that people allocate 1% to 5% of their earnings to crypto. It’s very high-risk, so it must be a long-term investment if reasonable returns are to be had from it.
Final Thoughts
In this article, I have written down a list of cryptocurrencies I believe investors can benefit from should they decide to invest in them.
Remember that this is not financial advice as these coins were listed based on the current situations in the crypto market. If you decide to invest in any of them, you should conduct your own research.
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