Top 5 cryptocurrencies to watch in 2022: BTC, ETH, BNB, AVAX, MATIC

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Bitcoin (BTC) has seen a roller coaster ride in 2021 and even though BTC has corrected sharply from its all-time high of $ 69,000, the digital asset is still up 60% year-to-date. During the same period, gold fell more than 5%.

With inflation soaring in the United States and several other parts of the world, Bitcoin’s outperformance against gold shows investors may view it as a better hedge against inflation compared to gold. .

During the year, the total crypto market cap jumped to around $ 3 trillion, but Bitcoin’s dominance fell from around 70% at the start of the year to 40%. This shows that several altcoins outperformed Bitcoin by a huge margin.

Daily view of crypto market data. Source: Coin360

As cryptocurrencies are increasingly adopted, there are several altcoins that are likely to capture the attention of investors. These could produce strong returns for investors over the next year or so.

Technical analysis has been used to arrive at the current list of large cap cryptocurrencies that could remain on the agenda in 2022 and benefit from a crypto bull run.

Let’s take a look at the charts of the top five cryptocurrencies to calculate their possible target goals and support levels to watch for in 2022.