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Cryptocurrencies are gaining lots of traction these days, particularly with speculative crypto investors. Much of the interest in digital currencies is to trade for profit, with speculators at times driving prices skyward. Ultimately, more and more cryptocurrency investors are looking to catch that next big thing with the hope of generating huge returns. From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of cryptocurrencies in the market today. But new crypto investors are always looking for cryptocurrencies that would be great to invest in for the future. Keeping in mind that the crypto market is extremely volatile, these investors hesitate to risk it all the first time. This article features the top 10 cryptocurrencies that would be worth the investment in 2022.
Bitcoin has been the oldest and the largest cryptocurrency. It is a decentralized cryptocurrency that was created in 2009 by Satoshi Nakamoto, BTC is the first and original cryptocurrency. As with top cryptocurrencies, BTC runs on a blockchain or a ledger logging transaction distributed across a network of thousands of computers. For new crypto investors, Bitcoin will be one of the best cryptocurrencies for investment in 2022.
Ethereum is a decentralized open-source blockchain system that features its cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. ETH has been at the forefront of a blockchain smart contract platform.
XRP is an open-source cryptocurrency that uses an open-source distributed ledger called the XRP ledger. It is the native coin of Ripple, which is an enterprise blockchain company that facilitates global transactions. The creators claim that XRP was built for payments and can settle transactions faster than most other cryptocurrencies securely and efficiently.
Launched in August 2020, the rise of Shiba Inu in such a short time is nothing short of uncanny. At one point, Dogecoin stayed as the top meme currency without much competition. However, SHIB, another memecoin that was created out of online jokes that went viral in 2013 came to the play. It is one of the best crypto currencies that would be worth investing in 2022.
When thinking about the best cryptocurrencies that would be a great investment in 2022 – it is important to consider several projects that offer a safeguard against bearish markets. Terra is one of the newer crypto currencies that are making headlines due to its recent successes. It is one of the best cryptocurrencies that would be worth the investment in 2022.
Cardano is a research-based cryptocurrency built by engineers, mathematicians, and cryptography experts. It is open-sourced and decentralized, with consensus achieved using proof-of-stake. It can also facilitate peer-to-peer transactions with the ADA token. Cardano is one of the best cryptocurrencies that would be worth the investment in 2022.
Solana was launched in April 2019 as a project focused on permissionless nature to provide decentralized finance (DeFi) solutions such as payment processing, smart contracts, stablecoins, peer-to-peer lending services, and more.
This platform looks to address many of the issues facing the Ethereum blockchain while still providing DeFi solutions. Namely, the platform looks to create "Ethereum's internet of blockchains" by connecting Ethereum-compatible blockchain networks and aggregating scalable solutions on Ethereum. It is one of the best crypto currencies that would be worth the investment in 2022.
Unlike other top cryptocurrencies, Tether is a stablecoin that is backed by fiat currencies like the U.S dollar and Euro and hypothetically keeps a value equal to one of those denominations. Since it is a stablecoin, it doesn't have any fluctuations in the highly volatile crypto market.
Binance Coin is developed and marketed by Binance exchange. Even though it is originally based on ETH, now it has its Binance chain. BNB is used as a utility token to pay for trading fees and transactions at a lower price. It can be traded and exchanged for other crypto currencies like Ethereum or Bitcoin. It is one of the best cryptocurrencies that would be worth the investment in 2022.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
