- Cryptocurrencies are now being seen as one of alternatives or experimental asset classes by some high-risk investors.
- With inflation surging across the world in 2022, investors have been looking for investment opportunities to beat the inflation blues.
- Some of the best performing cryptocurrencies in 2022 do not include the biggest names in the industry.
The best performing cryptocurrencies in 2022 have allowed their investors to beat the market rate of return in other assets – like equity and commodities – by several times.
In 2022, not all the top-performing cryptos are big names – the list includes some new, but fairly established entrants in terms of market capitalisation.
With the Russia-Ukraine war and the surge in oil prices, inflation has been surging across the world. As far as investing is concerned, asset diversification is an important concept to keep in mind.
While conventional wisdom suggests diversifying your capital between equity, debt, mutual funds and money market instruments, cryptocurrencies have emerged as an alternative, and perhaps an experimental asset class for some investors with a high-risk appetite.
Regardless, as is the case with any investment decision, it is important that you do your own research. Depending on your risk appetite, you may or may not want to plough in funds in cryptocurrencies.
With nearly 10,000 cryptocurrencies out there, it might get a little confusing to figure out which coins are worth paying attention to.
Best performing cryptos in 2022 so far
Some of the best performing cryptos in 2022 so far are those built on newer technologies, promising lower costs and higher efficiencies.
| Cryptocurrency | Last traded price | Performance (YTD) | Market cap |
| Waves | $30.02 | 97.10% | $3.2 billion |
| Zilliqa | $0.1329 | 74.15% | $1.7 billion |
| Terra | $117.49 | 28.52% | $41.3 billion |
| Ethereum Classic | $43.28 | 23.85% | $5.8 billion |
| Near Protocol | $16.64 | 8.76% | $10.9 billion |
Note that some of the more mainstream, popular and well-established cryptocurrencies like Bitcoin, Cardano, Solana, among others, don’t figure in this list.
Check out how these top cryptocurrencies have performed in 2022 so far.
| Cryptocurrency | Last traded price | Performance (YTD) | Market cap |
| Bitcoin | $45374 | -4.90% | $861.8 billion |
| Ethereum | $3366 | -11.00% | $403.3 billion |
| Cardano | $1.15 | -16.80% | $38.7 billion |
| Solana | $126.29 | -29.80% | $40.8 billion |
| Polkadot | $21.56 | -24.60% | $21.3 billion |
| Dogecoin | $0.1627 | -6.40% | $21.5 billion |
Elon Musk joins Twitter’s board after acquiring a 9.2% stake, says “significant improvements” coming to the platform
Germany seizes $25 million in bitcoin as it shuts down a Russian-language darknet marketplace for illegal drugs
Treasury Secretary Janet Yellen will deliver her first speech on crypto and call for a 'comprehensive policy framework'
Next Story
Thailand is now welcoming Indians with open arms, but are its drought-hit islands really prepared for a tourism influx?
Thoughtful gift ideas to make Mother's Day extra special
Muslims up, Hindus down: What’s the larger picture behind India’s religious population trends?
Scooch over magic mushrooms, toad venom could be the next big psychedelic for depression and anxiety!
TBO Tek IPO allotment – How to check allotment, GMP, listing date and more
