Are you planning to start your investment in 2022? Right now, there are more than a thousand cryptocurrencies in the market to make you feel spoilt for choice. The raging bull run of the cryptocurrency market has caught the attention of everyone. No wonder the cryptocurrency market is strong enough to grab eyeballs, but what kind of cryptocurrencies to invest in always remains a critical question to address. This article lists the top 10 cryptocurrencies that can double your money 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 a top cryptocurrency, 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.
Currently, Avalanche is being considered as one of the rising stars of the crypto market. It is one of the cryptocurrencies that can double your money in 2022. It is the fastest smart contracts platform in the blockchain industry according to time-to-finality. Avalanche is extremely agile, has low transaction fees, and is also environmentally sustainable. The AVAX token is hard-capped and can be used as a model for conducting payments.
Qtum is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoin and Ethereum in one chain. Qtum is built on Bitcoin's UTXO transaction model with the added functionality of smart contract execution and DApps. Recently, the platform enumerated support for Defi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain. Qtum is one of the top cryptocurrencies that have the potential to double your money in 2022.
Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world's unbanked. But soon, its priorities shifted to helping financial firms connect through blockchain technology. It is also one of the top cryptocurrencies that can double your money.
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide variety of applications on its network. It is also one of the new smart contract platforms that promise low costs, scalability, and speed, without compromising security. With more research, you can spend on this crypto to double your money in 2022.
Billed as "digital money for the modern world", Nano is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure and many modern cryptocurrencies.
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise battle, and trade token-based creatures known as Axies. These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant, and reptile parts.
IOTA offers far greater speeds than conventional blockchains and an ideal footprint for the ever-expanding Internet of Things ecosystem. Because there's no blockchain, there are no miners, and because there are no miners, there are no fees. Many established networks see costs balloon when congestion intensifies, but IOTA aims to provide limitless throughput at minimal expense.
Polkadot is an open-source multichain protocol that connects and secures a network of specialized blockchains. It serves as the network for multiple Blockchains as it facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
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 cryptocurrencies that is making headlines for its recent successes. It is the best cryptocurrency to make your investment worth it 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.