The best crypto to invest in

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2022 was not a good year for the crypto market at all, but some projects performed better than average: here are the ones you should have invested in.

However, we must distinguish between crypto projects that performed well in 2022 and projects that simply lost less than others.

The best crypto projects in which we should have invested in early 2022

Among the former, the most emblematic case is Trust Wallet.

Trust Wallet Token (TWT)

TWT is the token of Trust Wallet.

Trust Wallet is by far one of the most widely used non-custodial software wallets in the world. For quite some time now, Trust Wallet has been behind Binance, which is the largest crypto exchange in the world.

Although Trust Wallet has been around for a long time, its token only debuted in the crypto markets in 2020, at a price of around $0.01.

Thanks to the 2021 bull run, the price had first skyrocketed to $1 and then even briefly exceeded $1.5.

At the beginning of 2022, the price had fallen, following the general trend of the crypto markets, to around $0.5, but by the end of February, it had started a strong rebound.

In early November, the price was back above $1, but after the collapse of FTX and the sudden boom in fund withdrawals from centralized exchanges’ custodial wallets, it shot up to $2.7 on December 11.

Although it then returned to $1.3, it is still a curious positive performance of more than +100% since the beginning of the year, since the price was $0.7 at the beginning January.

Among tier 1 and tier 2 cryptocurrencies, this is the best performance ever for 2022.

GMX

However, there are also those who have done better.

In the top 100, only GMX did better than TWT, and they are the only two cryptocurrencies with largely positive results in 2022. To find other cases, one must go beyond the 200th place.

It should be mentioned, however, that the case of GMX is special.

In fact, it only debuted in the crypto markets in September 2021 at a price of $15. However, it closed the year at $21, with a November peak of nearly $43.

In January 2022, the price surged to over $57 and then dipped near its lows in June when it fell to $13.

However, in July, it once again hit a new yearly high on December 13 at $58.

In fact, the all-time high is even $217, hit in November of last year, but that was the result of a single, very short spike that should be seen as just an anomaly.

The GMX case is therefore very different from the TWT case, as it is a very young token that is still in a very volatile phase.

However, at this point, we also need to highlight the worst performing cryptocurrencies among the majors.

Binance Coin (BNB)

Among the top 10, excluding stablecoins, Binance Coin (BNB) achieved the best performance.

Although it has lost some of its shine recently, due to doubts about Binance’s resilience, its price performance in 2022 is -53%. Just consider that Bitcoin is at -64% and ETH at -67%.

Even taking the loss from all-time highs as a benchmark, BTC is at -76%, ETH at -75%, and BNB at -64%.

In fact, it performed very similarly to other major cryptocurrencies, but with a slightly lower loss.

Again, Binance remains the undisputed leader in the crypto market, and its position actually grew even stronger following the shutdown of FTX.

It is therefore no surprise that BNB is among the worst performing major cryptocurrencies in this bear market.

Tron (TRX)

Among the second-tier cryptocurrencies, Tron (TRX) stands out.

Indeed, although it is at -82% from the peaks, its performance in 2022 stops at a very moderate -29%.

In fact, it is worth mentioning that in 2021, TRX failed to reach new highs, hence the -82% takes as a reference point the $0.3 of January 5, 2018. If l instead, the loss of the 2021 high, namely the $0.15 hit in April, is calculated, the current price loses 67%.

It should be noted, however, that in November 2020, i.e. before the start of the last major bull run, the price of TRX was only $0.03, i.e. say well below the current $0.05. So 2022 isn’t a particularly bad year for Tron at all, except that it’s still down a bit from last year’s highs.

The special thing about TRX is that it is used to pay transaction fees on Tron.

The thing is, for quite some time now, most USDT transactions have been on the Tron network, not Ethereum. In fact, on Tron they are faster and more importantly they cost very little, so more and more Tether users are choosing Tron as their blockchain to transact on. This leads to greater use of TRX, which then loses less value than other cryptocurrencies.

Toncoin (TON)

One of the most interesting cases is Toncoin (TON).

It is the cryptocurrency of the former Telegram Open Network (TON), now renamed The Open Network.

So far in 2022, TON is only down 45% and 64% from last year’s highs, but it’s mostly been in recent weeks that it has performed well.

TON is actually a young cryptocurrency, as it only debuted in the crypto markets in August last year at $0.5.

It peaked in November of the same year at over $5.8, then fell to $1.8 and came back to $4.3 by the end of the year. Thus, the level at the end of December 2021 was not much lower than the record level of November.

In 2022, the price dropped to $0.8 in June, but from August it started to rise again.

After falling back to $1.8 in September, then falling back to $1.2, it first fell back to 1.8, then on December 11, it skyrocketed to $2.7 in just a few days.

It is therefore still a young and volatile cryptocurrency, but what is interesting is that the increase in the very last months is due to an increasingly important use thanks to the new functionalities brought by the wallet. Telegram official crypto.

Simply put, like TRX, the upside is related to increased usage, which is perhaps why it’s not performing as badly as others from a market price point of view.

Monero (XMR)

Among the top 25, it is also worth mentioning Monero (XMR).

In 2022, XMR now stands at -41%, which drops to -72% if the all-time high of May 2021 is taken as a benchmark.

What is surprising about Monero is that, aside from highs due to true spikes, its value seems to be much less volatile than other cryptocurrencies.

The fact is that XMR is still by far the most widely used high-secret cryptocurrency in the world to this day.

It has been around in the crypto markets since 2014 and its current value of around $150 is not that far off from $131 in August 2017.

Since it is used precisely as a cryptocurrency for crypto transactions, it tends to have a relatively constant use over time, and therefore also a less volatile market value than others.

The current price is also in line with that of July 2018, December 2020 and January 2021, for example.

Monero has shown exceptional resilience, although sometimes its price can go up a lot, or go down a lot, even very quickly. Despite being a years-old crypto project, it doesn’t seem to be losing its luster.

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