The rising number of cryptocurrency investors is good enough proof that the cryptocurrency market is gaining popularity like never before. In the midst of all this, which cryptocurrencies to invest in always remains a critical question to address. With this in mind, we have come up with a list of the top 10 cryptocurrencies performing well in the market in 2022. Have a look!
How can the list not start with the largest cryptocurrency – Bitcoin? Ever since Bitcoin was launched, it has seen humungous growth. With the largest market capitalization, it goes without saying that Bitcoin is one of the best cryptocurrencies that is totally worth an investment.
Ethereum, the second largest cryptocurrency, undoubtedly finds its place in the list of the top cryptocurrencies worth investing in. There are many reasons why this altcoin has grabbed attention. Its potential applications, particularly the smart contracts that automatically execute when conditions are met, are one of the top reasons.
Polkadot is yet another cryptocurrency that won't disappoint you at all if you are looking for decent returns. Its very ability to seamlessly connect all heterogeneous blockchain networks is the reason why there are hundreds of projects being built on the Polkadot ecosystem.
Cardano is one digital currency that has seen impressive growth in its value over a period of time. The fact that Cardano cuts down the transaction time and energy consumption deserves a special mention.
Solana, which works with a blend of proof-of-stake and proof-of-history mechanisms, has fetched huge returns for investors. Be it decentralized finance (DeFi), decentralized apps (DApps), or smart contracts, Solana has got you covered. So, you now know how good of an investment this is, right?
Well, this stable cryptocurrency needs no special mention as it has made it a point to be a go-to cryptocurrency for those investors who aren't willing to take many risks. Undoubtedly, a lot of cryptocurrency investors are inclined toward it.
Binance coin was launched by one of the largest crypto exchanges in the world – Binance. In no time, it has expanded from merely facilitating trades on Binance's exchange platform to a platform where one can proceed with trading, payment processing, or even booking travel arrangements. This coin has performed quite well in 2022 as well.
Ripple's XRP's ability to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies is the reason why it has become exceedingly popular. It has performed quite well over the years and the rise in its value is good enough evidence of how much potential this cryptocurrency holds.
Dogecoin was launched in 2013, and since then, there was no looking back for it. It has performed so well during the last couple of years that it has evolved to become one of the leading cryptocurrencies in the entire cryptocurrency market.
Shiba Inu is more of a community- and supporter-driven crypto that enjoys the security and advanced features of the Ethereum ecosystem. Of late, this cryptocurrency has posted significant growth during the last year. No wonder, why it is a part of the list of top 10 cryptocurrencies performing well in the market 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.