Crypto verse has become an essential topic in the financial market in recent years. Moreover, it grabbed massive investors’ attention when the total market cap got $3 trillion. So no wonder this marketplace enables opportunities to make millions of dollars for individual investors. There are no central authorities for crypto assets.
However, crypto assets are volatile, so it requires checking any crypto from several angles such as price projections, historical performance info, team or community behind the project, etc., before making investments. This article lists the top five safe haven cryptos by checking on all primary data and comparing them from several angles.
What is safe haven crypto?
Financial investors often seek “safe haven” assets to limit their exposure to losses when the market moves downward. For example, the recent Corona pandemic made depreciation value on many emerging markets, but many assets reached an all-time high during that period. Crypto safe-haven assets are potentially increasing in the recent future as these financial instruments involve so many attractive features, functionalities, and purposes.
Best five safe haven crypto
More than 1600 crypto coins are already circulating in the crypto industry, and many more of them are coming with various attractive features. When sorting the best safe haven crypto among them, it isn’t easy to check them from several angles. According to our research, the best five safe haven cryptos are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Litecoin (LTC)
- XRP (XRP)
Bitcoin (BTC)
Bitcoin is the top valuable crypto in the crypto industry.
What is BTC about?
Satoshi Nakamoto first described this decentralized platform or payment method in 2008. According to his white paper description, it enables “online payments to be sent directly from one party to another without going through a financial institution.” This decentralized payment system doesn’t need any intermediary to complete any transaction or does P2P transactions. This crypto coin is currently available on many major crypto exchanges, including Binance, Bitget OKX, BitCoke, and CoinFLEX.
Most special aspect
It enables opportunities for individuals for mining alongside making profits from frequent trading and investing.
- Fully diluted market cap: $814,991,267,336
- Live market cap: $736,436,044,297
- Circulating supply: 18,975,762.00 BTC
- Total supply: 18,975,856 BTC
- Max supply: 21,000,000 BTC
- Volume / Market Cap: 0.02614
BTC price performance
The price of BTC is currently floating near $38850.00 today with a 24-H trading volume of $19,242,453,927. It made the highest peak near $69000.00 in Nov 2021 and has remained on a downtrend since then. BTC bounces back from the support level near $32950.72.
BTC price prediction 2022
Many crypto experts predict the price of BTC might hit 100K by Dec 2022.
Ethereum (ETH)
Ethereum is the second-largest crypto that is only next to BTC according to market capitalization.
What is ETH about?
Ethereum is an open-source, decentralized blockchain system that works to execute decentralized smart contracts and as a platform for many other cryptocurrencies. Vitalik Buterin described this blockchain platform in 2013.
Most special aspect
Ethereum aims to become a global platform for decentralized applications and provide services to worldwide users.
- Fully diluted market cap: $315,415,296,896
- Live market cap: $315,039,855,409
- Circulating supply: 119,848,785.94 ETH
- Total supply: 119,848,786 ETH
- Max supply: not available
- Volume / market cap: 0.02508
ETH price performance
The price of ETH is currently floating near $2626.63 today with a 24-H trading volume of $7,922,065,744. It made the highest peak near $4868.79 in Nov 2021, and the current support level is near $2160.
ETH price prediction 2022
Many crypto analysts anticipate that ETH might hit near $7600 by Dec 2022.
Cardano (ADA)
Cardano is a POS decentralized blockchain platform.
What is Cardano about?
Cardano aims to allow “innovators, visionaries, and changemakers” to bring positive global changes. The foundation period of this platform is 2017.
Most special aspect
The team behind Cardano declares that this platform aims to allow developing smart contracts and decentralized apps with modularity. The native token of this platform is ADA.
- Fully diluted market cap: $37,636,926,504
- Live market cap: $28,164,540,976
- Circulating supply: 33.67B ADA
- Total supply: 34,162,713,384 ADA
- Max supply: 45,000,000,000 ADA
- Volume / market cap: 0.02298
ADA price performance
The price of ADA is currently floating near $0.835 today, with a 24-H trading volume of $647,141,051. This crypto made a top peak near $3.16 in Sep 2021 and has been on a downtrend since then, finding proper support to bounce back on the upside.
ADA price prediction 2022
Many crypto experts predict the price of ADA might hit near $2.63 by Dec 2022.
Litecoin (LTC)
Litecoin is an altcoin, and the creation took place based on the BTC protocol.
What is Litecoin about?
Some terms of Litecoin are different from BTC, including hard cap, hashing algorithm, block transaction times, etc. It offers meager transaction fees, and the block time is 2.5 minutes.
Most special aspect
Litecoin aims to provide more secure, fast, and low-cost payments to individual users.
- Fully diluted market cap: $8,623,035,218
- Live market cap: $7,163,515,293
- Circulating supply: 69,782,306.28 LTC
- Total supply: 84,000,000 LTC
- Max supply: 84,000,000 LTC
- Volume / Market Cap: 0.0741
LTC price performance
The price of LTC is currently floating near $102.706 today, with a 24-H trading volume of $531,284,036. This crypto made the highest peak near $417.16 in May 2021 and currently finds support near $91.59 to bounce back upside.
LTC price prediction 2022
Many crypto experts expect the price of LTC to reach near $280 by Dec 2022.
XRP (XRP)
XRP is a digital currency (crypto) that runs on RippleNet, a digital payment platform.
What is XRP about?
XRP aims to provide less costly, faster, and more scalable alternatives to existing monetary payment platforms like SWIFT and other digital assets.
Most special aspect
This platform allows anyone to be a Ripple validator.
- Fully diluted market cap: $73,705,896,052
- Live market cap: $35,341,368,776
- Circulating supply: 47.95B XRP
- Total supply: 99,989,739,391 XRP
- Max supply: 100,000,000,000 XRP
- Volume / market cap: 0.05707
XRP price performance
The price of XRP is currently floating near $0.73 today, with a 24-H trading volume of $1,908,223,051. This crypto made an all-time high near $1.96 in Apr 2021. The price started bouncing back on the upside from the current support level near $0.54.
XRP price prediction 2022
Many crypto analysts predict the price of XRP might hit near $1.3 by Dec 2022.
Final thought
Finally, these are the top best safe haven cryptocurrencies with considerable potentialities to grow this year smoothly. Note that crypto assets are volatile, so follow money and trade management rules while investing any of these assets and do some research to diversify your portfolio in crypto assets.
