Top Cryptocurrencies To Invest In 2022
Introduction
In this pandemic, we witnessed some irresponsible speculations about cryptocurrencies. Additionally, fraud in this industry increased significantly in the year 2022. People lost billions of dollars to scams and rug pulls.
However, all this while, crypto is rapidly becoming one of the biggest bull cases. It is because digital assets are legitimized by firm rules from world governments. From Bitcoin to Ethereum and Tether, thousands of cryptocurrencies become an overwhelming option for new investors.
So, we decided to help you get your bearing and listed the top cryptocurrencies. Based on the market capitalization or total value of the coin currently in circulation, you will effortlessly determine the method to buy LTC with credit card with the help of the coins listed in this article.
Top Cryptocurrencies To Invest In 2022
Bitcoin (BTC)
Bitcoin is the must-own for any crypto investor. It is the largest cryptocurrency having a total market cap of about $900 billion. It accounts for about 40% of the total market value of digital currencies and is the only digital asset ETF has had since its inception. It is one of the most mature coins in its class and a must investment for crypto-curious investors.
Ethereum (ETH)
Another top cryptocurrency, Ethereum is both a cryptocurrency and blockchain platform. It is relatively famous among program developers because of its potential applications, like smart contracts, which are executed as soon as the condition is met, and Non-Fungible Tokens (NFTs). It has gained immense growth from April 2016 to January 2022. It has been experienced that the price of this cryptocurrency rose from $11 to $3700 within these years.
Solana (SOL)
Solana, along with Ethereum, solved one of the biggest issues of transaction fees. This fee is making the Ethereum transactions financially unfeasible. Solana took this point into consideration and reduced its fees to a tiny fraction of ETH fees. Also, since it is a platform for decentralized finance, it does not involve financial middlemen or traditional financial gatekeepers and institutions like banks, brokers, and centralized exchanges. It was launched in 2020 but rose from $1.51 at the beginning of 2021 to $160 immediately.
Binance Coin (BNB)
Binance Coin is a form of cryptocurrency that enables you to trade or pay fees on Binance. It was launched in 2017 and expanded past merely facilitating trade. Today, you can use this coin for trading, payment processing, or booking travel arrangements. You can also trade or exchange for other cryptocurrencies like Bitcoin and Ethereum. The price of the Binance coin has raised from $0.10 to $520.
Cardano (ADA)
Cardona was founded in 2017 by the co-founder of Ethereum, Charles Hoskinson. It is the largest blockchain to successfully run the more economical proof-of-stake protocol. The sole purpose of this cryptocurrency is to foster a developer-friendly ecosystem for decentralized applications. Over the last few years, Cardano has surged from 22 cents to over 1.30 dollars.
Tether (USDT)
Tether is a stable coin that is backed by fiat currencies like US dollars and the Euro. It hypothetically keeps the value equivalent to one of those dominations. It means that the value of Tether is more consistent as compared to other cryptocurrencies. Therefore, it is favored by those investors who are relatively careful of the extreme volatility of other currencies.
XRP
XRP was created by the founder of Ripple, which is a digital technology and payment processing company. The coin is designed to facilitate exchanges of different currency types, be it fiat currencies or other primary cryptocurrencies. From the beginning of its launch in 2017, the price was 0.006 dollars. However, in 2022, the price significantly rises to 0.83 dollars.
Polkadot (DOT)
Polkadot cryptocurrencies allow investors to use any number of blockchains. It aims at integrating them by creating a cryptocurrency network that connects multiple blockchains to make them work together. It has the ability to change the management of cryptocurrencies and has increased after its launch in 2020.
Conclusion
Cryptocurrency is a medium of exchange and is Immensely volatile. So, no matter whatever type of cryptocurrency you choose, you should make it your habit to research it thoroughly before investing in them. Also, be prepared to face any type of situation in the market.