Best performing cryptocurrencies in 2022 so far

• 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.
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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

Source: Coinmarketcap

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

Source: Coinmarketcap

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