5 Top Crypto to Buy Now for 2022

    Last month was a rough one for the cryptocurrency industry. The OG of coins, Bitcoin (BTC), reached an all-time high early in November, only to break down almost 25% in the weeks following. Bitcoin being the heartbeat of the industry, it is only natural that other cryptos mimic its performance.

There are several reasons why the market pulled back, including but not limited to the novel tax reporting rules, COVID related fears with a new variant, and multiple regulatory changes globally. On top of that, the industry is one of the most volatile, and new highs are often followed by corrective lows.

December is an interesting months as the BTC consolidation has started, yet should additional regulatory changes threat the industry, the rebound might take longer. But we are thinking of a rebound by the end of the month, as per pervious years, where likely the year-end parties generally puts everyone in a good mood including investors.

Some investors, particularly advanced ones, see price drops as opportunities to buy the dip and pick up coins like Solana (SOL), Avalanche (AVAX), and Cosmos (ATOM) who already show promising rebounds. Others may want to go into more niche projects, more risky but also potentially more rewarding such as Unity (NFT), Mina protocol (MINA), even in projects that just deployed Rebellion Protocol (REBL).

In any case, for many investors, it is all about holding through the dips and hold on tight to avoid any panic sales.

Keeping market realties in mind, there are five altcoins that you may want to have a look at in December 2021. All five of them are very interesting picks, with very different problems they try to solve and different sizes. They are listed from the largest market cap to the smallest.

1. Solana (SOL)

Market cap: Over $64 billion

Solana (SOL) was developed to power decentralized finance (DeFi) usecases, as well as decentralized apps (DApps) and smart contracts. Its unique hybrid proof-of-stake and proof-of-history validation mechanisms supports processing an enormous amount of transactions fast and in a highly secured manner. Its native token powers the ecosystem of Solana.

When the project was launched in 2020, its token price was 0.8 USD. By the time of this article. its price is around 200 USD, a gain of more than 25,000%.

2. Enjin (ENJ)

Market cap: $2.5 billion

Metaverse tokens are all the rage these days. Even the Facebook Group was renamed META. This is a very important crypto trend right now. We have seen Sandbox (SAND) as well as Decentraland (MANA) risen by a staggering 5x over the past three months. Yet Enjin is “only” up by 150% in that same time period. Enjin is expected to catch up and we could see an increase of 2–3x in the next coming months.

It is however wise to pause before jumping into the latest trend just for the sake of being trendy, especially in the crypto industry. But on on the long-run Enjin (ENJ) is a very interesting project in the metaverse field, as the platform and its ecosystem allow members to create, deploy and trade non-fungible tokens (NFTs). For those who don’t know yet, NFTs are unique digital collectibles where the ownership is public and encoded on into the token itself. Basically, if you want to own something in the digital/virtual world, NFTs are the way to go.

It is still the very beginning for metaverse projects and there is a long way to go before maturity in this market. We don’t know yet how successful it will be and how many people it will attract, but it is currently taking off very rapidly and is bound to potentially become huge. If this happens it will be through NFTs and projects like Enjin, which were there right at the start with a comprehensive solid technology and platform.

3. Livepeer (LPT)

Market cap: $900 million

Another trend that’s being talked about a lot is Web3. You should pay attention as Web3 is an general term used to define any next generation decentralized internet projects. It means a free, more community based internet where no one or few massive companies drive it. This is an important vision for many users of the internet. There are several Web3 projects that decentralize the way information is processed, transferred, stored and most importantly monetized.

A strong recent performer is Livepeer (LPT), a decentralized video streaming network. It is a bit like a Twitch or a Youtube but decentralized, where participants and content creators can earn LPT tokens by contributing to the ecosystem. Livepeer notably uses the community’s computing power to make sure videos are reformatted to suits a wide variety of devices. Therefore, it does not need an expensive infrastructure to provide an affordable, free and reliable streaming video service.

4. Aragon (ANT)

Market cap: $175 million

An essential part of decentralization is the decentralization of power through spreading the governance to as many ecosystem members as possible. Various and multiple projects have now deployed their own Decentralized Autonomous Organization (DAO) to make sure governance is made as fairly as possible. A notable example is Maker DAO, the governance token of the DAI stable coin project, which gives its holders the power to propose project changes and vote on decisions related to the project. This ensures that the project continues to serve its users and community.

Aragon (ANT) is a project that enables any project to build their DAO quickly and effectively through their platform. Some projects are simply focused on their own core technology and do not necessarily have the time and resources to develop their DAO in parallel. Aragon palliates to this challenge. And since the crypto world is going more and more towards decentralization, it is likely we will see many projects using Aragon’s platform.

5. Rebellion Protocol (REBL)

Market cap: $5 million

Rebellion Protocol (REBL) is one of these projects that took some of the greatest stuff out there in the crypto world and put it together to make a very interesting community based project.

In this article, we mentioned various topics including the NFT super-trend, the Metaverse, the decentralization of Finance as well as DAO governance. Although these are seemingly different topics, some projects have managed to come up with powerful concepts that merges two, three or four of these major trends together. And Rebellion Protocol is one of them.

The concept is quite simple, the project’s token has been deployed with built-in growth mechanisms that generates passive income for its holders as well as accumulates tokens in an “investment fund”, ready to be invested. On top of that, the projects deployed governance NFTs (DAO tokens in the shape of NFT), which give its holders the power to govern the project, including its investment fund. So investors in the project own the power over the project.

This is how this project has created the first community driven investment fund. And DAO tokens being NFTs adds a nice arty twist to the project and gives it a metaverse vibe. Rebellion Protocol was launched recently, so they are still at the very start of their journey and would likely be a good long term hold.

Be Careful when investing

As a rule, we favor a buy-and-hold investment approach for investors and therefore look for projects with long-term potential. You should however always research thoroughly a project before investing and be warry of the market in general. There are more than 12'000 tokens in circulations right now and many may not make it to the next month. Do your own research and be careful.

With great risk also comes great rewards and cryptocurrency investing can produce extraordinary returns. But never forget the risks involved and make sure you understand them. Only invest what you can afford to lose and ensure your crypto assets are a small part of your overall investment portfolio. This article is not an investment advice.