Top 5 Crypto to buy in January 2022

The price of bitcoin has fallen again to near its lowest level in two weeks, extending a significant sell-off that has dragged its total value below $200 billion for the first time in five months. Currently, bitcoin is trading at ~$41,000 with a market capitalization of 790 billion dollars.

Many factors affect Bitcoin’s price these days, both long-term and short-term, including government regulation, rising global uncertainty, new covid variant, and significant sell-off. Moreover, as bitcoin continues its downward move, in a chart by analytics platform Glassnode, the percentage of BTC addresses in profit just hit a 5-Day monthly low.

Btc % Address In Profit
BTC % Address in Profit

That’s all about how bitcoin has been performing, let’s have a look at the coins that can perform well or the crypto to buy in January 2022.

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Polkadot Price Prediction Janurary 2022

Polkadot is a blockchain-based protocol that aims to integrate multiple blockchains. It is designed for use on two types of blockchains. The main chain is a relay chain that permanently stores transactions, while user-created networks are parachains. Parachains can be made for various uses and feed into the main chain, ensuring that they’re just as secure.

It can process multiple transactions across numerous chains simultaneously, avoiding constraints from older networks that only process transactions one after another. Polkadot, an interoperable blockchain platform, was designed to overcome the trade-off inherent in current blockchain technologies between performance on one hand and personal data protection, as well as consensus timeframes on the other. Polkadot aims to allow public and private blockchains to work together for improved performance, functionality, or governance.

It is currently trading at $25.14 with a market capitalization of 24 Billion and has a total supply of 1,103,303,471 coins. On the 1D timeframe, DOT has formed a bullish Gartley pattern which is now on the PRZ, that is made up of 2 waves showing bullish trends in the market. Expect a correction of 10% before the market rallies once again.

Polkadot Price Prediction Janurary 2022
Polkadot Price Prediction Janurary 2022

COMP Price Prediction January 2022

Compound Finance is an open-source, decentralized, blockchain-based protocol that facilitates Peer-to-Peer lending and borrowing of ERC20 tokens. In addition, the compound token is a utility token that provides liquidity and stability on the Compound platform. The token also serves as an intrinsic store of value that can invest in cryptocurrencies or fiat currencies. It is currently trading at $195.80 with a market capitalization of 1.2 Billion and has a max supply of 10,000,000 coins.

Earlier last year, COMP made an all-time high around $980 and right now it’s trading at around 1/4th of it. Further, on the 1D timeframe, it is forming a symmetrical triangle. We can expect a breakdown or breakout further in the chart. But looking in the longer term, we can say that the project has good fundamentals and I have good hopes it’ll get back to those levels.

Comp Price Prediction January 2022
COMP Price Prediction January 2022

GRT Price Prediction January 2022

The Graph is a protocol for querying networks like Ethereum and IPFS. It is a decentralized indexing service that makes data easily accessible. Anyone can build and publish their APIs, called subgraphs, to make it easier to query the data in these networks. 

It is currently trading at ~$0.607 with a market capitalization of 2.8 Billion and has a max supply of 10,057,044,431 coins. It also provides a user-friendly interface for creating, sharing, and updating smart contracts and a token system that can be used to incentivize network participants. In addition, it aims to offer a more fair and secure environment for its users.

On the 1D timeframe, it is forming a symmetrical triangle. Consolidating a breakout or breakdown will make it easy to see what is going on.

Grt Price Prediction January 2022
GRT Price Prediction January 2022

FLOW Price Prediction January 2022

Flow is a fast, decentralised, and developer-friendly blockchain that will serve as the foundation for a new generation of games, apps, and digital assets. It’s built on a multi-role architecture that scales without sharding, allowing for enormous speed and throughput gains while maintaining an ACID-compliant, developer-friendly environment.

Smart contracts on Flow can be put together like Lego blocks to power apps that serve billions of people, from basketball fanatics to mission-critical corporations. It is currently trading at $7.97 with a market capitalization of 2.5 Billion and has a total supply of 1,378,211,739 coins.

On the 1D timeframe, after a downfall, it has started moving in a parallel channel, will touch the support zone before a bounce back.

Flow Price Prediction January 2022
FLOW Price Prediction January 2022

AAVE Price Prediction January 2022

Aave is a cryptocurrency that supports all sorts of online transactions. From buying products to services, Aave will increase the users’ efficiency in every aspect of their lives by solving the most challenging problems in e-commerce. Aave also offers a fast & easy way for Defi users to borrow a large amount of cryptocurrency without requiring collateral quickly. They only have to pay the one-block interest fee if the borrowed coin is paid back in the same transaction. It is currently trading at $219.57 with a market capitalization of 2.9 Billion and has a max supply of 16,000,000 coins.

Aave provides a marketplace where you can buy and sell tokens. The Aave team aims to make crypto accessible to everyone by eliminating the barriers and making it easy for users to discern and use the system. It also offers a menu for ICO services which includes marketing, legal compliance, security audits, etc.

On the 1D timeframe, Aave is about to complete the bullish bat pattern. Therefore, it is entering a good buying zone before bouncing back from the trend.

Aave Price Prediction January 2022
AAVE Price Prediction January 2022

Closing Thoughts

The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.

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Pratyaksh

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