The cryptocurrency market now offers a huge variety of assets. The popular service CoinMarketCap currently has more than 21,000 cryptocurrencies registered. For novice crypto investors, it's hard to figure out which ones are really worth looking into. In this article, we'll try to simplify the choice and list the best crypto coins to buy now, in late 2022.

What is the best crypto coin to buy right now?

Choosing a really promising crypto asset to invest in is not an easy task, as there are a huge number of tokens on the crypto market, each with its own characteristics. But among this number, there are many that will never show any noticeable growth. When analysing crypto assets for investment, you should pay special attention to the following indicators:

• Project objective. What problems does it aim to solve? A promising crypto project offers a solution to real, actual problems.
• Presence of competitors in the niche chosen by the project. How strong are they? Does the project have any advantages over its competitors?
• Development team. Projects with well-known and experienced developers who value their reputations have a better chance of success.
• The project's progress and the development team's activity. If the project has stopped developing and there has been no news from the developers for a long time, this is a bad sign.
• Coin emission. Is it limited or not? If not, is there a mechanism to counter inflation, such as regular coin burning?
• The coin's market capitalisation. The higher the market cap of an asset is, the more difficult it is to collapse. However, 'difficult' does not mean 'impossible'.
• Trading volume and presence on cryptocurrency exchanges. High trading volume and presence on major cryptocurrency exchanges indicate interest in the coin among traders and investors.

Of course, these are not the only assessment factors for cryptocurrencies, but they may well provide a basic idea of a particular cryptocurrency's potential.

The best 10 cryptos to buy now in 2022

Despite the ongoing 'crypto winter', now is not a bad time for investors to increase the volume of cryptocurrencies in their investment portfolios. Of course, there is no guarantee there will be a trend reversal anytime soon. However, the prices of many promising cryptocurrencies have fallen low enough from their all-time highs to make them interesting for the patient investor who is willing to wait for the crypto market to rise again.

However, it's important to remember that cryptocurrencies are high-risk investments. Therefore, there are two important rules any crypto investor is advised to follow: 

1. Don't invest more than you can afford to lose.
2. Always do your own research.

Bitcoin (BTC)

The first cryptocurrency, which many refer to as 'digital gold', may no longer be the most lucrative investment offered by the crypto market, but it's certainly the most reliable. Bitcoin is traded on all crypto exchanges and is monitored by all crypto traders and investors. The price of Bitcoin changes along with the capitalisation of the crypto market as a whole. If the crypto market grows, so does Bitcoin.

BTC statistics (as of 17/11/22)

Ethereum (ETH)

Ethereum is often referred to as 'digital silver' in parallel with Bitcoin. However, the title 'digital oil' would better suit it as it is needed to power smart contracts. The Ethereum platform is the largest one for building and running smart contracts and dApps. The platform continues to be actively developed and improved, and its developers are some of the most reputable people in the crypto community. The platform has many competitors, but none of them has managed to even come close to Ethereum in terms of popularity.

ETH statistics (as of 17/11/22)

BNB (BNB)

This is the token of the largest cryptocurrency exchange, Binance. Originally used to save on commissions. Later BNB became an integral part of the expanding Binance ecosystem, which is now one of the largest blockchain ecosystems.

BNB statistics (as of 17/11/22)

Polkadot (DOT)

Polkadot is a protocol for linking different blockchains together to quickly and easily exchange information and assets between them. It provides an easy way to run dApps. With this protocol, anyone can create their own blockchain and run applications on it.

DOT statistics (as of 17/11/22)

Uniswap (UNI)

Uniswap is the largest decentralised crypto exchange that allows users to trade digital assets directly with each other without having to deposit them on the platform itself. It operates on the Ethereum blockchain and allows ERC-20 tokens to be exchanged without intermediaries or delays using liquidity pools.

UNI statistics (as of 17/11/22)

Avalanche (AVAX)

This is a platform for launching dApps and custom blockchains that's building its own ecosystem of dApps and DeFi. Avalanche positions itself as a direct competitor to Ethereum with improved architecture and increased throughput.

AVAX statistics (as of 17/11/22)

Monero (XMR)

Monero is the most popular of those cryptocurrencies that focus on ensuring that their users remain anonymous. As financial regulators around the world look for ways to regulate cryptocurrencies and track their users, Monero will grow in popularity among those who value privacy.

XMR statistics (as of 17/11/22)

Chainlink (LINK)

One of the main problems with blockchains is their isolation from the real world. Chainlink aims to solve this problem. It's a decentralised network of oracles designed to link smart contracts with the real world. Chainlink oracles provide external data — such as weather, temperature and asset value — needed to execute smart contracts.

LINK statistics (as of 17/11/22)

NEAR Protocol (NEAR)

NEAR Protocol is a platform for dApps with high throughput and very fast transactions. The project is positioning itself as a competitor to Ethereum with a focus on developer and user-friendliness.

NEAR statistics (as of 17/11/22)

Cosmos (ATOM)

Cosmos is a decentralised, scalable ecosystem of interconnected, independent blockchains. It aims to connect disparate blockchain networks with each other and create an 'Internet of blockchains', i.e., a network of blockchains where participants are able to interact in a decentralised way.

ATOM statistics (as of 17/11/22)

The easiest way to buy cryptocurrency

There are several main ways to buy cryptocurrency with fiat money:

• Centralised crypto exchanges are one of the most convenient ways to buy and sell almost any cryptocurrency.
• Online cryptocurrency exchanges allow you to buy the most popular cryptocurrencies with fiat money.
• Some cryptocurrency wallets support the purchase of cryptocurrencies with a debit/credit card.
• Electronic payment systems with fiat-to-crypto exchange functionality, such as AdvCash or Payeer.
• Crypto ATMs. The closest one to you can be found using online services such as www.coinatmfinder.com or coinatmradar.com.

Which of these methods is the easiest for you depends on your particular circumstances. However, the most reliable way is to buy on reputable crypto exchanges.