As the crypto market moves to a recovery level, you probably are looking to set up a new crypto portfolio. But with over 22,000 coins, how do you find the best trending cryptocurrencies to buy? How do you identify the top cryptocurrencies worth investing in today?
Our analysts sought to answer these questions to help you make the right investment decision by analyzing the market and coming up with a list of crypto you should buy. It brings together established coins with some excellent long-term investments and some grossly undervalued currencies. They also throw in a couple of tokens to invest in, such as Dogecoin (DOGE), Shiba Inu, and ApeCoin, before the next bull market.
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Read on to discover these trending cryptos and why you should invest in them.
Top 7 Trending Crypto to buy now before 10x gains
Here is an outline of what our experts consider the best crypto coins to invest in in 2022. They are highly potent and are expected to post incredible gains in the foreseeable future.
- DogeCoin (DOGE)
- Shiba (SHIB)
- Cardano (ADA)
- Ethereum (ETH)
- Hedera Hashgraph (HBAR)
- ApeCoin (APE)
- Ankr (ANKR)
A Closer Look at The Top Trending Cryptos to Buy now:
Dogecoin
Dogecoin (DOGE) has been one of the top performers over the past 24 hours. DOGE is up by 19% over the past 24 hours. DOGE’s bullish sentiment could be attributed to a bullish run across the broader cryptocurrency space, alongside news that Musk could be in the process of purchasing Twitter.
Dogecoin is skyrocketing and outperforming the rest of the crypto space. In the last 24 hours, the cryptocurrency market cap has only gained less than 2%. However, DOGE continues to attract buying pressure that could lower the price.
During the past few weeks, DOGE has been facing resistance in attempting to push higher. However, volatility is now high for the meme coin, given that in the last 24 hours, the price has traded between $0.065 and $0.08. At the time of writing, DOGE was trading at $0.077
DOGE has registered a massive spike in trading volumes. The meme coin’s trading volumes currently stand at $2.2 billion, which is a nearly 200% increase. The high trading volumes indicate that the meme coin’s volatility could continue being high in the coming trading hours.
DOGE’s price chart shows that during the past week, the meme coin has gained by around 33%, making it one of the best gainers in the cryptocurrency space. The bullish sentiment seems to be attracting whales, according to Santiment, with whale transactions increasing to August levels.
The recent gains with DOGE could be attributed to reports that Elon Musk closed the Twitter purchase deal on Friday. Musk agreed to buy Twitter at $54.20 per share, and a judge had given the Tesla CEO up to October 28 to finalize the deal.
Musk is a big supporter of Dogecoin, given that he has supported DOGE payments in his companies, such as SpaceX and Tesla, and the same could extend to Twitter. Twitter is a major social hub for the crypto community, and the addition of DOGE payments could trigger a notable rally.
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Shiba Inu (SHIB)
Another token poised to deliver massive gains to investors is IMPT. The token has continued to generate significant attention from investors and could be the next big thing in the market.
It seems the bulls are back in control as Shiba Inu finally breaks out of a long-term symmetrical triangle pattern and removes a zero from its current trading price.
Entering overbought territory on the relative strength index there is a risk of a short term pull back in price for Shiba Inu, but the bullish momentum and green candles being printed on the price charts are showing no signs of weakness just yet.
As we can see Shiba Inu has been following a textbook symmetrical triangle which is typically a consolidation pattern. With Bitcoin pumping back above $20,000 today the sentiment in the blockchain markets flips bullish as thrill and excitement enters the market.
Investors who bought Shiba Inu during the crypto crash of June 2022 would still be up a whopping 40.25% if they were holding their investments today.
From a technical analysis perspective Shiba Inu is still looking very bearish versus the all-time high of $0.00008847 from October 2021, in fact, Shiba Inu is still down a massive 88% from the all-time high.
This could however suggest that Shiba Inu crypto is now in an undervaluation re-accumulation range which means downside risk is minimized and the upside potential from here to the next crypto bull market could potentially be very rewarding for patient long term investors.
According to Coinmarketcap Shiba Inu has a market capital of $5.64 billion, this is still quite impressive during a crypto winter and is still currently a top #20 cryptocurrency in terms of market capital.
Whilst there might not be much more room for growth for Shiba Inu in 2022, it could be an ideal price level to begin accumulating for a long-term crypto portfolio.
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Cardano (ADA)
Cardano is indeed one of the trending cryptos to consider. Cardano is often considered the most secure blockchain technology today. And until the ETH merge, it was the largest smart contract platform operating the proof-of-stake consensus mechanism.
It’s included among the trending crypto investments today because it is massively undervalued. Despite having a positive ROI and a position among the ten largest cryptocurrencies, ADA token prices are massively underpriced. And we attribute this undervaluation to its slow integration of emerging crypto technologies into its ecosystem, making Cardano less dynamic.
The platform has, however, made significant strides in catching up with other Ethereum-killers, starting with the integration of smart contract technology in late 2021. Furthermore, as the ecosystem integrates more technologies, ADA token prices are expected to start correcting upwards, making it a top crypto coin to buy and HODL.
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Ethereum (ETH)
After its upgrade, the value of Ethereum is currently stagnant at less than $1,300. Analysts believe that ETH has a favorable short-term prognosis. A long-term price increase for Ethereum is also expected.
Ethereum’s prospects may appear less promising than they were a year ago due to the public’s rising dissatisfaction with NFTs. But due to its wide range of usefulness, Ethereum won’t be slowed down. NFTs are only one of many initiatives in the Ethereum network that are active at the same time.
Briefly, Ethereum executes smart contracts using the Ethereum Virtual Machine, a blockchain-based supercomputer. Ethereum price forecasts are high because many analysts and investors think it will increase over time.
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Hedera (HBAR)
One of the trending cryptocurrency releases for 2022 is HBAR. Unlike many of the most undervalued cryptos, HBAR isn’t a blockchain-based project. Instead, it is a network using a directed acyclic graph (DAG) protocol that makes transaction speeds faster as more transactions are completed.
This network has scaled hugely over the past year and now claims to be able to handle over 100,000 transactions per second. HBAR’s primary use case is payment processing. Furthermore, since the network fully supports smart contracts, developers can launch new and exciting dApps within various niches.
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ApeCoin (APE)
One of the trending crypto projects with high potential catching investors’ attention is ApeCoin. ApeCoin is closely linked to the Bored Ape Yacht Club (BAYC) collection – one of the most expensive NFTs on the market. Although the collection’s developers do not directly create APE, it was airdropped to NFT holders upon launching in early 2022.
ApeCoin has also been announced as the native token of BAYC’s upcoming metaverse project. The token has also been implemented into other blockchain-based games. Many think ApeCoin is the best trending crypto investment for long-term value potential.
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Ankr (ANKR)
ANKR is the latest addition to our list of trending cryptos to watch due to its revolutionary take on interoperability. Instead of being a blockchain network, Ankr is a platform that offers numerous tools for dApp developers within several niches, including DeFi and NFTs.
In addition, Ankr allows developers to set up their nodes, which can be accessed remotely. As such, this dramatically streamlines the node-setup process – which tends to be costly and time-consuming. Overall, as the blockchain industry expands and interoperability becomes more critical, Ankr looks set to become one of the most popular new crypto listings in 2022.
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Top Trending Cryptos – Conclusion
To conclude, this guide has taken an in-depth look at 7 of the top trending cryptos on the market, highlighting what they are and why they are generating so much traction. Although nothing is certain in the crypto market, these projects look to have exceptional future potential – making them great additions to investors’ watchlists.
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