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Top 10 best cryptocurrencies you should invest in 2022
In this article, we will discuss 10 of the best cryptocurrencies you should invest in 2022. We must admit that…
In this article, we will discuss 10 of the best cryptocurrencies you should invest in in 2022. We must admit that there is always something exciting happening in the cryptocurrencies space.
At its core, the crypto space is a place of capital “B” Big ideas. The Bitcoin white paper, circa 2009, explains a peer-to-peer, decentralized, scarce electronic global currency that cuts out print-happy central banks and moral-hazard-ridden financial institutions and middlemen.
A dozen years later, the crypto market is worth more than $2 trillion, with thousands of digital currencies and projects to choose from.
While nothing can replace doing your own research, here we discuss 10 of the best cryptocurrencies you should invest in in 2022 and that has had a bright outlook thus far.
Top 10 best cryptocurrencies you should invest in 2022
1. Ethereum
The Ethereum ecosystem introduced innovations to the blockchain, and became a platform for other applications; It made number 1 on the cryptocurrencies to invest in today. It is the silver to Bitcoin’s gold. Ether is what you need to take part in high-value trades including non-fungible tokens (NFT).
2. Solana
Solana is positioned in the sunrise sector of decentralized finance (Defi) solutions, with 368 Apps built on top of it. It plays nice with other networks as well, and is attractive to developers, with users of those applications likely to need Solana tokens.
SOL, the symbol for Solana had a 0.01% market share to start the year, and already become one of the top 10 cryptocurrencies by market cap by September. Like Ethereum, Solana has become a leader in Defi, where users can create decentralized applications, or Dapps for short, that cut out traditional financial gatekeepers like exchanges, brokers, clearinghouses and banks themselves.
3. Dogecoin
Third on the list of best cryptocurrencies to invest in 2022 is Dogecoin; it was created as a meme/joke, even the co-founder is stunned by this coin. Its value rose sharply with celebrity encouragement, but experts say its nature ensures that it may not rise so high again in the future.
However, here is an article that extensively discusses why may consider investing in Dogecoin.
4. Cardano (ADA)
Cardano is an “Ouroboros proof-of-stake” cryptocurrency that was created with a research-based approach by engineers, mathematicians, and cryptography experts. The project was co-founded by Charles Hoskinson, one of the five initial founding members of Ethereum. After having some disagreements with the direction Ethereum was taking, he left and later helped to create Cardano.
5. Binance Coin (BNB)
Binance Coin was initially an ERC-20 token that operated on the Ethereum blockchain. However, it later had its own main net launch. It is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. Those who use the token as a means of payment for the exchange can trade at a discount. The Binance exchange was founded by Changpeng Zhao and is one of the most widely used exchanges in the world based on trading volumes.
6. Fantom ( FTM)
Fantom is currently ruling the exchange, Fantom is surging ahead due to Singapore-based Hyper Chain Capital having declared its investment worth $15 million.
Fantom, more popularly known by its native token FTM, has recently been active in the crypto market, performing miracles. Before we start with a detailed Fantom price prediction, check our overview.
Fantom was built to tackle many of the problems faced by Ethereum users and developers today. The primary focus of the network is to create a secure and scalable decentralized network.
You might want to check out why you should invest in Fantom (FTM).
7. Shiba Inu
Shiba Inu is a coin launched less than a year ago and named after the dog breed, is a cryptocurrency that trades as SHIB and champions itself as the “Dogecoin killer.” A single SHIB coin is worth $0.00003341 as of today.
Shiba Inu which is called SHIB – also known informally as Shiba Token – is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as “Ryoshi”.
Shiba Inu is a Japanese term for a breed of dog; it is the dog that is depicted in Dogecoin’s symbol, which itself was originally a joke cryptocurrency based on the Doge meme.
8. Avalanche
Avalanche, along with Shiba Inu, is another example of a crypto that we considered to be one of the best cryptocurrencies to invest in in 2022. Avalanche has a clear purpose.
Avalanche is one of the many projects seeking to “unseat Ethereum,” as one of the most widely used blockchain platforms, according to the cryptocurrency exchange Gemini.
9. Monero XMR
Monero turned out to become a number of things that society imagined Bitcoin to be. It is most comfortable in the darkness, can be relatively untraceable, holds value, and can confidentially be created on home computers.
10. Bitcoin (BTC)
Without a doubt, Bitcoin’s invention in 2009 changed the world forever and opened the door to all sorts of variations on and improvements of its technology. It’s tough to underestimate the importance of Bitcoin and the underlying concept of the blockchain.
BTC is not only tried and true but is still setting new milestones: Tesla Inc.’s (ticker: TSLA) decision to put Bitcoin on its balance sheet and El Salvador’s move to make it a legal tender are two landmark 2021 actions illustrating how mainstream BTC has become.
In addition, if you believe in cryptocurrency, do your thorough research before investing in any of them. Moreso, invest with money you can afford to lose. Namaste!
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