Cryptocurrencies and NFTs have taken over the world and we always hear chatter about these topics on the internet daily. With such a massive adoption of these digital assets, there are still people who are unable to grasp the basic knowledge of these blockchain assets. Cryptocurrencies had a rough start this year unlike the year 2021 and the market capital dropped below $2 trillion, for the first time in September. Most cryptocurrencies, including Bitcoin, have already plunged more than 20%. Blessing in disguise, this offers an opportunity to invest. We have listed here for you the most promising cryptocurrency coins to invest-in in 2022 to gain maximum profits.
Ethereum is trading at $2,300 with market capital of $321,541,588,473. The current CoinMarketCap ranking is #2, with a live circulating supply of 119,695,159.62 ETH. Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. You can buy Ethereum from Binance, OKX, BitCoke, CoinFLEX, and DigiFinex exchanges.
On a daily chart, Ethereum is standing at very crucial support of uptrend making higher lows. This months-wide support can hold the downwards price trend and save the bulls. Ethereum has next support at $2300 which could a potential entry point for the whales and institutions. If you get an opportunity to enter the trade from this point, you might end up with more than 100% gains when Ethereum updates the all-time high.
BNB is trading at $330 with market capital of $62,262,114,832. The current CoinMarketCap ranking is #4, with a live circulating supply of 165,116,760.89 BNB. Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. You can buy BNB from Binance, FTX, CoinTiger, Bybit, and Bitget exchanges.
Buying BNB anywhere is a good entry point however if you get your hands on it in the highlighted buying zone in the chart, that is once in a year opportunity. BNB is approaching the support level of $330. It might even plunge to $317 if the bearish waves strengthen. BNB’s actual price where it sustains is $450 or above, even that price level can offer you more than 30% gains and once it reaches the all-time high, you can make as much as 100%.
SOL is trading at $79 with market capital of $25,554,734,087. The current CoinMarketCap ranking is #7 with a live circulating supply of 319,930,137.86 SOL. Solana is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. You can buy SOL from Binance, OKX, FTX, BitCoke, and DigiFinex exchanges.
Solana stands at a very critical support level right now and it is very likely to bounce back from this level as the price is already touching a 6 month low. Making lower low and lower highs inside a bearish channel and Solana is collecting liquidity from this base support. Solana has a resistance level at the previous high of $122 and once we have a breakout from here. You can make up to 240% once Solana visits its all-time high of $260 from this $80 support.
Dogecoin is trading at $0.11with market capital of $14,857,164,752. The current CoinMarketCap ranking is #12 with a live circulating supply of 132,670,764,300 DOGE. Dogecoin (DOGE) is based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. You can buy DOGE from Binance, OKX, FTX, BitCoke, and DigiFinex exchanges.
As the market turns red, Dogecoin is headed towards a very important support level from where it can bounce back. Price is moving above a trend line making lower lows and coming out of this bearish trend, dogecoin needs to have good green volume candles and it needs to update the local high. Entering dogecoin anywhere below $0.12 is an opportunity and dogecoin can easily give back up to 200% once it reaches back at $0.28. Elon Musk is an eccentric billionaire with a huge following and he has a great influence on the cryptocurrency market. He happens to tweet often of Dogecoin and thus the price of this asset pumps even to %100. Besides these fleeting Tweet pumps, once he actually this project, this can easily break the $1 mark. That’s why we have included Dogecoin in our list in anticipation of possible exponential profits.
Near is trading at $7.78 with a market capital of $4,978,986,873. The current CoinMarketCap ranking is #28 with a live circulating supply of 640,168,487.00 NEAR. NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput, and poor interoperability. You can buy Near from Binance, OKX, DigiFinex, Bybit, and CoinTiger exchanges.
Technical analysis of Near indicates the coin is bullish in such a strongly bearish market and it makes higher lows. The daily chart of Near shows that the coin is holding the support of the higher lows trend. Near has strong resistance at $13 which is a local high. Considering you enter the trade at the current price, testing this resistance will mean that you have already made a handsome gain of 80%. Near is bridging many blockchains and due to this use case, the project is highly underrated and can easily breakout above the said resistance level.
As cryptocurrencies are winning endorsement and more people are getting into the business, few nasty hackers can steal your hard-earned funds, as it recently happened with Opensea. This is why only trade these assets from the above-mentioned exchanges. The cryptocurrency market is bearish due to international politics and we should consider it as a buying opportunity as the price might restore soon after the dust settles.
Important: Cryptocurrency trade involves increased risk and you are the sole responsible for your trade. The above analysis is the opinion of our technical expert who is not a financial advisor. DYOR (Do Your Own Research) before investing.