Are you planning to invest in crypto-currencies this month?
Well, we have some good news for you.
In this video, we're going to make it easy for you with our list of the 7 best cryptocurrencies to invest in July 2022.
Whether you're a beginner or an expert, choosing the right crypto to invest in is always a tough decision. You have many cryptos ahead of you, but you don't know which one to invest in.
So, watch this video all the way through to discover our top picks for this month.
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Now, let's get started.
#1: Solana (SOL)
The first crypto we think you should invest in is going to be Solana.
Solana hit its all-time high of $260.0 in November 2021. Two years ago, that is in May 2020, Solana was trading at just over $0.50. Since then, Solana has traveled a long path. The scalability and speed of Solana have been better than Ethereum. If you transaction per second, the Solana is capable of doing 50000 transactions per second while Ethereum struggles between 30-50 transactions per second.
The Solana infrastructure is highly advanced. It houses several projects cutting across dApps, DEXs, DeFi platforms, and automated market makers (AMMs). The latest advancement of Solana has been diving into NFTs through its NFT marketplace, Solonart. With this latest venture, the NFT investors can now easily buy and sell NFTs through the Solana marketplace.
Apart from this, Solana has over 400 dApps projects on its network which includes Serum, Audius, Raydium, Open Ocean, Defi Land and others.
Underperformance versus some leading blockchains, it is inevitable that investors will increase Solana in their portfolio.
Looking at the data, it is clear Solana is a quality investment for the long run. However, there may be a high degree of volatility over the next few weeks due to the Fed rate hikes. Secondly, even if things settle, it is likely that leading coins like BTC, ETH and maybe even LUNA will take off earlier. Thirdly, Solana is significantly lower than its ATH which means that unless Global economies crash, the downside is quite limited. In sum, Solana may be a good investment in the long run but is likely to be highly volatile and may underperform its peers at least for now.
#2: Cardano (ADA)
Another top crypto to invest in today is Cardano. This cryptos is a popular, fast-growing blockchain technology that stands for secure and sustainable blockchain with ground-breaking use cases. Cardano is capable of “redistributing power from unaccountable structures to the margins.”
The Cardano project defines its protocol as a blockchain of the third generation intended to enable smart contracts with future applications of quality control and governance of the supply chain.
Investing in Cardano in 2022 is a wise choice to make because it is a very open and inviting environment that works the same for all. There are no barriers when it comes to trading and initially entering. All one needs to go into this market is some sort of deposit, and one is good to go, within a short period of time.
Many experts suggest that Cardano coin will bloom in the coming years, and along with it the entire crypto world. The digitization of money could have a huge impact in the market, hence it’s only expectable that crypto coins such as Cardano could rise in power.
Another top crypto to buy and invest in July is ApeCoin. The gaming coin was launched in 2022 by the team behind Bored Ape Yacht Club. For those unaware, this is a platform that’s made up of 10,000 one-of-a-kind collectible Bored Ape non-fungible tokens (NFTs). This coin offers some of the best altcoins to buy, all of which are based on the Ethereum blockchain.
ApeCoin is an ERC-20 cryptocurrency with governance and utility features. This top cryptos’ price was at around $6.40 when it was first launched in early 2022. Within hours, APE prices were trading for around $42 per token. At the time of writing, the shitcoin’s price is around 55% below this figure.
To explain what ApeCoin project does, it was developed as a Metaverse crypto project. The coin can be used for making online purchases via Shopping.io. This allows users to access products from eBay, HomeDepot, Amazon, Walmart, and more. Payments are processed by crypto exchange Coinbase.
The interesting part is that ApeCoin users receive a 2% discount when making online purchases with this coin.
ApeCoin is one of the best cryptos to buy according to most ApeCoin price predictions. You could also diversify by adding it to your portfolio.
The next crypto to consider buying is Uniswap. Primarily, Uniswap is home to a popular decentralized exchange that allows users to buy and sell digital currencies without requiring a centralized third party. This popularity has since resulted in Uniswap surpassing a market capitalization of $5.70 billion as of early 2022.
With that said, Uniswap has since expanded its business model by creating an online marketplace in conjunction with the NFTs and metaverse. Not only will this immerse the cryptos trading experience, but by offering its marketplace via the Uniswap network, buyers and sellers will be able to transact in a decentralized manner.
According to Uniswap price predictions, the coin is expected to reach $18 per token in 2022. With that said, the token now represents a discounted purchase price of over 60%.
Then, we have Dogecoin.
Dogecoin is the best undervalued crypto to invest in July 2022 for upside potential.
Dogecoin was one of the most popular crypto to buy last year. After all, Elon Musk often tweeted about it in a positive way, which helped the meme coin achieve huge returns. To explain more, at the start of 2021, Dogecoin was trading for just $0.002. But is Dogecoin a good investment in 2022?
Fast forward to May 2021 of the same year and Dogecoin hit new highs of nearly $0.76 per coin. This achieved gains of over 19,000% in a matter of five months. However, the price of Dogecoin has since taken a significant downturn, with its price hitting 52-week lows of just $0.13.
However, as a long term investment, the Dogecoin price predictions estimate the meme coin to reach above $1 by the end of December 2022. And with that being said, if you believe in this project, investing in Dogecoin now at a huge discount could make you a tremendous return given the upside potential.
#6: Avalanche (AVAX)
The final project to consider from our list of the top cryptocurrencies to invest in July 2022 is Avalanche.
Just like other Ethereum rivals, Avalanche aims to become the number one blockchain for smart contracts. It offers a number of advantages, including a higher transaction output of up to 6500 tps, without compromising scalability. In fact, it offers significantly improved scalability, especially when compared to old blockchains like Bitcoin and Ethereum.
But do all these good features translate to a good investment? In other words,
should you buy Avalanche (AVAX) this month? Well, the answer is yes. It is one of the most exciting crypto projects today.
However, Avalanche (AVAX) price has been plummeting, and the holding of the Terra LUNA/USDT reserve has complicated the matter for the Avalanche coin. Association with LUNA is one of the factors making the Avalanche price plunge. In addition to that, Avalanche has been adversely affected by the bearish market. The Avalanche (AVAX) has been plummeting for the last 6 months since the ATH.
Therefore, Avalanche might do so well, but the growth will be hampered by a number of factors, such as the bearish market.
Now, what other project do you think should be on this list? Let us know in the comments.
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