Cryptocurrencies have gained global recognition. It seems like ages when only a select range of investors was keen on investing in crypto. In present times, there is hardly any person remaining who hasn't thought about investing in cryptocurrency. Though the time is hard for the crypto market, one thing is for sure cryptocurrencies know how to make a dramatic comeback. One can certainly invest in any crypto by buying small amounts of several different cryptocurrencies. Investing in cryptocurrency is a good idea. The smart choice is to invest in cryptocurrency stocks that benefit from blockchain and cryptocurrency asset uptake. This article features the top 10 cryptocurrencies to buy and hold throughout 2022.
It is the second-largest cryptocurrency by market capitalization and has been around since 2015. Ethereum was also the first cryptocurrency to introduce smart contracts. Ethereum has, over the years, gained popularity in DeFi and minting NFTs, a factor that has helped drive ETH value. Ethereum is in the process of shifting to Ethereum 2.0 that is will make Ethereum deflationary.
Dogecoin, also known as DOGE, is among the most profitable cryptocurrencies in the crypto market. Dogecoin is one of the best speculative cryptocurrencies that have made headlines recently. One of the main benefits of dogecoin is its growing community of holders and supporters. In 2021, the coin was widely accepted as a means of payment and was listed on the stock exchange.
Binance Coin is maintaining its position as one of the fastest-growing cryptocurrencies in crypto wallets owing to its world-famous Binance Exchange platform. It helps to establish a competitive peer-to-peer cryptocurrency trading business since its launch in 2019. It is gaining popularity for its zero trading fees, multiple payment methods, and escrow service protection.
Unlike some other forms of cryptocurrency, Tether is a stablecoin, meaning it's backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether's value is supposed to be more consistent than other cryptocurrencies, and it's favored by investors who are wary of the extreme volatility of other coins.
Bitgert (BRISE) is a project causing ripples in DeFi and the crypto market in general. The crypto project launched in late July 2021, but the team has accomplished so much in the short period the coin has been around. Bitgert is a DeFi project that is developing a powerful payment system that will be operating on its own ecosystem. This means the team is developing a blockchain among many other products.
Polkadot interoperability is one of the key features that make this open-source sharded multi-chain protocol popular. The platform employs Harding technology that allows for the transfer of any data and assets and not just tokens like most blockchain protocols. The Relay chains and parachain technologies have enabled Polkadot to successfully implement Harding, which has increased protocol scaling. The team just launched the first Parachains after the successful auction.
Lucky Block is poised to be the most popular cryptocurrency to buy in 2022. This crypto project is targeting one of the biggest industries in the world: the lottery industry. Lucky Block is creating its own digital, decentralized lottery based on blockchain technology. The platform uses smart contracts as lottery tickets, so the drawing is completely random and fair. Anyone can play without worrying about country borders and winners are paid out instantly.
Matic is the native token of the polygon. The Ethereum Layer 2 scaling solution was launched in 2019 with one objective, scaling the Ethereum blockchain. Ethereum chain is highly affected by slow transaction speed and very high transaction fees. Matic scalability solution aims to make the Ethereum chain attractive for decentralized apps once again. Uniswap, the biggest decentralized exchange on Ethereum, recently also announced that Uniswap V3 will be deployed on Polygon Blockchain.
Decentraland became a popular name in the crypto market after the metaverse became popular knowledge. Over the past couple of days, the number of Decentraland users rose by 3,300%, leading to a massive increase in price. The Decentraland is one of the biggest metaverse cryptocurrencies and is supporting the development of a domain that will provide extreme immersive, and exciting experiences.
The Sandbox is another metaverse cryptocurrency that has been soaring quite frequently lately. Even though the crypto market is in a vulnerable state right now, the SAND token has maintained a consistent reputation of being a profitable investment due to the rising popularity of the metaverse.
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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.