The Best Cryptos to Invest in Nigeria in 2022

There’s no question that Nigeria is currently in a Bitcoin craze that may rival the great California XIX century gold craze. Everyone’s buying crypto even with the government deeming it illegal. Due to the unstable Naira and frail economy, Nigeria is seeing a crypto boom no African country has experienced.

The youth are spending all their savings to get Bitcoin. Some play the trading game, others love playing btc dice. The Central Bank of Nigeria isn’t very cosy with the idea, but regardless, the youth marches on with its Bitcoin craze.

While Bitcoin is the biggest cryptocurrencies, there are many others you may want to invest in. They are all cheaper than a dollar and believed to be the next big thing in the crypto industry. Below you’ll find the top cryptocurrencies whose price will grow sky-high in the future.

Stellar

Stellar’s Lumen token is one of the most exciting ones on the crypto market. Experts believe it has a bright future ahead of it. It’s a token pretty similar to Ripple, but with one big difference – transactions cost only 0.00001 XLM. Gas fees are a major problem in the crypto industry and Stellar is looking to change that for good.

So far, Stellar has partnered with tech giant IBM to launch the World Wire project. It’s a platform that helps large financial institutions to submit transactions to Stellar’s network and deal in stablecoins using bridge assets. Another major partnership may come through Victory Capital Management. The company announced that it’ll focus on listing XML as one of the coins for consideration to its US-based investors.

Currently trading for around $0.35, Stellar’s price can jump drastically in the future. If you’re planning on investing in cryptos, XML is a good possibility.

TRON

TRON is a blockchain OS whose goal is to make it available for daily use. The TRC-20 network has significantly lower transfer fees when compared to Ethereum’s network or the Binance Smart Chain network. The TRX network claims it has a capacity of 2,000 TPS, and is widely considered as one of the top crypto assets for the future.

With a current price of under $0,10, it could be a good opportunity for new investors.

Polkadot

A unique new blockchain whose price has already skyrocketed, Polkadot is one of the hot topics in the crypto community. It’s a unique blockchain whose goal is to solve the inoperability problem. Unlike Bitcoin and other cryptos, DOT can theoretically handle a large number of transactions. So far, it has partnered with Chainlink and Ankr and is one of the highly recommended crypto investments in 2021.

Often called the “Ethereum Killer”, the Polkadot network is a unique piece of tech that offers fantastic opportunities for new and seasoned investors. It offers real-world use cases and its price should be bullish in the long run.

Ripple

A payment platform that allows cross-border payments and real-time gross settlement, Ripple’s XRP offers instant money transactions around the globe. It’s a platform that allows cheap and fast transactions and is considered a more scalable alternative to other crypto tokens.

Ripple’s price is just under a dollar at the moment, and it has plenty of potential. Even with all the controversies surrounding it, there’s no question that XRP is a great investment.

Bitcoin

Bitcoin is the largest cryptocurrency by market cap and the most dominant one in Nigeria. It’s price just reached and all-time high and is projected to go over it by the end of the year or in 2022. While it doesn’t seem like a great investment due to the high price, Bitcoin is a great idea for investors who have the money to spend.

If you’re looking for an almost sure cryptocurrency to invest in, Bitcoin beats any alternative. With the price projected to grow double or even triple, there’s money to be made on it.