10 Best Cryptocurrencies to Invest in 2022 for Short-Term Gains - BiticaNews


Cryptocurrency prices have had a rough year in 2022 as investors continue to worry about a number of factors. The industry's most important challenge is the Federal Reserve, which has committed to doing everything it can to reduce inflation. It has already raised interest rates by 0.75% and hinted that it will continue to raise rates this year. Most importantly, the Fed said it will begin to implement quantitative tightening.

There have been other challenges in the cryptocurrency industry such as regulations and the crash of Terra LUNA, Terra USD and affiliated platforms like the Anchor Protocol. In this article, we will look at some of the best cryptocurrencies to invest in for short-term gains.

ApeCoin (APE)

ApeCoin is a relatively new cryptocurrency that was launched in 2022 by Yuga Labs. It is a digital currency that aims to power the Bored Ape Yacht Club ecosystem, which is the largest NFT platform in the world. Yuga also expects ApeCoin to power its other products such as the metaverse and games.

At the time of writing, ApeCoin's price is trading at $8.50, giving it a market cap of over $2.4 billion. Although its price has dropped dramatically, there is a possibility that it will bounce back as developers release new products. This makes it a good cryptocurrency to invest in for the short term.

Kyber Network Crystal (KNC)

Kyber Network is a relatively small cryptocurrency that could do well in the short term. It is a platform that allows traders to trade or invest in cryptocurrencies from all chains. This means that you can exchange tokens on chains like Ethereum, Polygon, Avalanche, and Cronos, among others. According to its website, it facilitated volumes of over $7 billion.

Kyber Network's price dropped dramatically after the Earth's collapse. But it has done relatively well since then and I expect its trend to continue as investors buy the dips. KNC has a market cap of over $217 million.

Synthetix Network (SNX)

Synthetix Network is another cryptocurrency to invest in for short-term gains. It is a blockchain platform that is in the DeFi industry through its derived features. Its concept is to allow developers to create derivative products on various assets such as cryptocurrencies, stocks, indices and commodities.

As a result, an Apple derivative makes it possible to trade Apple stock in a derivative format. Synthetix has a Total Locked Value (TVL) of over $538 million. The SNX price is likely to do well in the short term as the derivatives industry continues to do well.


STEPN is a relatively new blockchain project in the move-to-earn industry. Its concept is relatively simple. Users install an app on their smartphones and are rewarded using GMT for running and walking. In addition, the network has an NFT element.

The STEPN market is continuously growing as more people adopt the platform. Therefore, there is a probability that the price of GMT will continue to rise in the coming months. A major challenge for STEPN is competition from companies like Step App and Sweat Coin.

Theta Network (THETA)

The price of Theta Network has dropped over 88% from the all-time high it hit in 2021. Its market cap has dropped to over $1.2 billion, making it the 56th largest cryptocurrency in the world. For starters, Theta is a platform that is changing the video distribution industry.

It uses a decentralized method where anyone can host videos on their free storage and earn money from it. The platform launched TDROP, a platform that allows people to mint and buy NFTs. So while the token has dropped sharply, there is a likelihood that it will bounce back in the short term.

The Sandbox (SAND)

The Sandbox is one of the biggest platforms in the gaming, metaverse and NFT industries. The platform allows people to buy virtual land, hold virtual events, play games and trade NFTs. It has managed to attract leading companies such as HSBC and Standard Chartered, some of the biggest banks in the sector.

The price of SAND is down more than 85% from its all-time high. So, there is a probability that the Sandbox price will rally to relief in 2022.

Hedera Hashgraph (HBAR)

Hedera Hashgraph is one of the best cryptocurrencies to buy for short term gains. For starters, Hedera is a blockchain project that aims to become a better alternative to Ethereum and Solana. It claims to have faster speeds and that its blockchain is carbon negative. Hedera is also owned by some of the top companies like IBM, Google, LG, Ubisoft and Boeing.

The price of Hedera Hashgraph is down 83% from its all-time high, while its total market cap soars to $2 billion. With its ecosystem growing, there is a possibility that the price of HBAR will recover.

Cosmos (ATOM)

The Cosmos price has performed poorly this year. The most recent catalyst for the sale was the collapse of the Earth ecosystem. This was a notable event as Terra was built using the Cosmos SDK. Therefore, the ATOM price dropped as investors predicted reduced activity.

However, these fears are likely exaggerated, as Cosmos is much larger than Earth. Also, Terra didn't collapse because it was built using the SDK. Therefore, ATOM is a good short-term and long-term investment.

Ethereum Name Service (ENS)

Ethereum Name Service is a unique blockchain project that is changing the domain registration business. People can use your network to buy domains that have the .eth suffix. The network has a near monopoly in this industry. Also moved into the NFT industry. So, although the price of ENS has dropped sharply, there is a possibility that the coin will recover.

Litecoin (LTC)

Litecoin price has dropped sharply this year. To a large extent, the coin has even lost its correlation with Bitcoin. Still, it's one of the oldest coins in the industry, which means it's trusted by investors. If digital currencies recover, there is a possibility that Litecoin will rise as well.

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