The always-volatile cryptocurrency markets have defied some analysts’ expectations since the start of the year, falling when they had been expected to rise and rebounding when they were anticipated to drop further.
Bitcoin (BTC) has ranged between $33,000 and $48,000 so far in 2022, with ether (ETH) also trading in a wide range of $2,100-$3,900.
Given the volatility, it is difficult to predict the direction the digital currency markets will take in the future. But looking at the top-performing cryptocurrencies year-to-date could be a starting point for your research.
This article looks at the top five cryptocurrencies ranked by highest return so far in 2022, according to data from CoinMarketCap.
Best cryptocurrency to watch in spring
If you’re wondering what cryptocurrency to invest in, the top five tokens by market capitalisation have gained attention thanks to protocol upgrades and macro events that are driving investors toward certain types of cryptos. Here are the cryptocurrencies whose prices have increased the most so far in 2022 (as of 21 April).
Source: CoinMarketCap.comBut before we dive into the list, it is crucial to keep in mind that past performance is no guarantee of future returns. The best performing cryptocurrencies in the past might not be the best to invest in today.
When looking for a cryptocurrency to invest in, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision.
Top 5 cryptocurrencies to watch
1. Kyber Network Crystal v2 (KNC)
Kyber Network is a trading and liquidity hub that runs across blockchains to source the best rates from multiple liquidity protocols. Kyber is being used to provide liquidity for decentralised finance (DeFi) applications on chains including Ethereum, Polygon, Binance Smart Chain (BSC),…
