Crypto Coin Review – Top 10 best crypto coins of 2022

This is your insider tip! Watch out for these crypto coins in 2023! One of them may be your one-way ticket to the moon!

What are the top 10 best-performing crypto coins in 2022?

#	Name	Price	24h	Volume(24h)
1	Terra Classic LUNC	$0.0001569	8.55%	$111,222,522
2	Lido DAO LDO	$1.03	6.79%	$24,560,760
3	The Graph GRT	$0.06013	6.19%	$24,361,803
4	Litecoin LTC	$70.11	5.76%	$550,794,828
5	Internet Computer ICP	$3.89	3.46%	$21,822,188
6	Casper CSPR	$0.02812	3.27%	$3,398,930
7	Gemini Dollar GUSD	$0.9909	2.93%	$323,125
8	1inch Network 1INCH	$0.4034	2.55%	$12,400,803
9	XRP XRP	$0.3555	2.33%	$513,803,756
10	Algorand ALGO	$0.169	2.06%	$28,624,801

These figures in the table above were collected from Coinbase.

How to know if a crypto coin is going to be successful?

1.       Understand the mechanism of investing in cryptocurrencies

Find platforms that support the deposit and withdrawal of your local currency to easily transfer funds between the cryptocurrency market and your bank account. Learn the basics of buying and selling cryptocurrencies to streamline the process when you are ready to trade. Keep in mind that the widespread use of cryptocurrencies for everyday transactions is still in development, so it is important to have the option to convert your profits back into your local currency.

2.       Diversify your coins

Avoid putting all your eggs in one basket by diversifying your portfolio with top projects in popular sectors like DeFi, NFTs, gaming, and layer-one protocols. While some projects may seem promising due to strong believers or persuasive scammers, the majority offer modest gains or fail in bear market conditions. It’s okay to make small bets on potential high-risk, high-reward projects, but monitor your position size to minimize losses.

3.       Check the roadmap

Evaluate a project’s progress by reviewing its developer activity and GitHub repository. A reputable project will provide a link to its GitHub, which should be regularly updated. If the last GitHub entry was months ago, but the roadmap shows upcoming major releases, it may be a warning sign that the project is trying to scam investors before disappearing.

4.       Research before you act

Conduct thorough research on projects to ensure they have long-term potential and align with your interests. Don’t buy something just because someone else suggests it, especially if they promise guaranteed returns or a risk-free experience. Crypto carries inherent risks, and most tokens will likely lose value over the next decade.

5.       Only invest what you can lose

Cryptocurrencies carry inherent risks and it’s likely that most tokens will eventually lose value. Only invest what you can afford to lose. Use funds left over after covering your expenses and setting aside some for emergencies. There is no guarantee that a token’s value will remain stable in the long term, and it may take years to recover losses during a bear market.

6.       Long-term thinking is the key to success

Many people enter the crypto market with the goal of making quick profits, but most fail due to scams and pitfalls. Instead of chasing short-term gains, focus on long-term potential and invest in solid projects. Research thoroughly, diversify your portfolio, and never invest more than you can afford to lose. Keep in mind that crypto carries inherent risks, so approach investments with caution.

7.       FOMO will be your crypto Achilles heel

It’s easy to get caught up in the excitement when a particular cryptocurrency starts gaining traction in the market. You might feel like you don’t want to miss out on the opportunity to make a profit, but it’s important to resist this urge. Instead, take a moment to evaluate whether the token is truly a good investment or if it’s being driven up by speculation. If it’s a token you’re interested in holding long-term, consider waiting for a period of price consolidation before buying in. On the other hand, if you’re just looking to make a quick profit, you might want to consider finding a solid project that’s been performing steadily but has the potential for growth. Regardless of your approach, it’s essential to keep a cool head and not let fear, uncertainty, or doubt influence your investment decisions.

Why do crypto coins succeed?

Cryptocurrency is a digital currency based on blockchain technology and uses encryption to secure transactions. To understand cryptocurrency, it’s important to understand the three key concepts of blockchain, decentralization, and cryptography.

But what makes cryptocurrency successful? Here are a few key reasons:

• Security and privacy: Cryptocurrencies offer user anonymity thanks to their use of blockchain technology, and they also provide high levels of security through cryptography.
• Decentralization, immutability, and transparency: The cryptocurrency system relies on shared ownership, making data accessible to all members with the appropriate permissions and resistant to tampering.
• Inflation hedging: During inflation, cryptocurrency can be a solid investment. Some people even compare it to gold, as there is a limited amount of cryptocurrency that can be mined.

While it’s clear that cryptocurrencies have a bright future, it’s important to research before investing in them. More and more people are turning to crypto advice as the popularity and value of cryptocurrencies increase, and traditional investments like bank accounts offer diminishing returns.