The crypto market has experienced enormous growth over the past decade. Topping US$3 trillion in market capitalization for a brief period and witnessing the adoption of Bitcoin as legal tender in El Salvador. These events marked a key milestone in the mainstream of blockchain technology. At present, there are thousands of options for crypto investors, from Bitcoin and Ethereum to Dogecoin and Tether. There are various ways to look at returns, and especially for a volatile asset like cryptocurrencies, where prices fluctuate wildly, calculating returns can be complicated. Therefore, here are the top 10 best cryptocurrencies to bet on for good growth in Feb 2022.
Ethereum has the second-largest market capitalization after Bitcoin at about US$500 billion, making it a crucial rival to the well-known coin. Because of its position in second place and widespread use with decentralized apps, Ethereum is the only competitor that could surpass Bitcoin in price in the future. Ethereum is one of the best cryptocurrencies you can bet on for good growth in Feb 2022.
Cardano is one of the best sustainable cryptocurrencies It builds on the technology popularized by Bitcoin and Ethereum to produce cryptocurrency with less energy and faster transactions. Cardano uses a measured approach that means it has evolved more slowly than its competitors. According to crypto investors, Cardano has great potential, and it is one of the best cryptocurrencies you can bet on it for good growth in Feb 2022.
Launched in 2017 by the Binance exchange, BNB has firmly solidified itself as a top-5 digital asset in terms of market capitalization. BNB is the primary currency used to fuel transactions on the Binance Smart Chain – which is now a network utilized by thousands of projects. Along with its use of making transactions on Binance exchange, you can invest in this coin to earn profit.
When large financial institutions transact on an international basis, they typically do so via SWIFT. This age-old network is not only slow and expensive but fraught with red tape. XRP can function as a bridge currency in transactions involving different currencies such as US dollars, Japanese yen, Euros, Francs, and others in use on the XRP network. This is why Ripple created its innovative blockchain network – which has since partnered with over 200 banks.
Bitcoin is still a worthy addition to any portfolio. Bitcoin consistently rises again to levels much higher than its previous peaks, including reaching a record high of US$69,000 in November. Although Bitcoin comes with a higher price point that dents profitability in the short-term, experts still consider the oldest cryptocurrency an intelligent bet for long-term holding. The king of all cryptocurrencies is surely one of the best you can bet on it for good growth in Feb 2022.
Polkadot is one of the most popular cryptocurrencies on the crypto market. The low fees and higher speeds that the Polkadot network offer, when compared to other cryptocurrencies, make it a number one choice for crypto investors. Polkadot is perhaps the best of the rest when it comes to scalability. It is one of the best you can bet on it for good growth in Feb 2022.
Litecoin price prediction is very optimistic in the opinion of experts. Crypto investors expect Litecoin's future to be bright in 2022 due to all integrations and partnerships. In addition, the Litecoin community is very active, with all the upcoming developments. Litecoin is one of the best cryptocurrencies to bet on it for goof growth in Feb 2022.
Polygon is a platform that 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. Polygon is one of the best cryptocurrencies you can bet on it for good growth in Feb 2022.
Hedera is also known as HBAR, is the most-used enterprise-grade public network that powers the decentralized economy. HBAR offers a blockchain for developers to create secure applications for enterprise needs. It is one of the best cryptocurrencies you can bet on it for good growth in Feb 2022.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. Terra is one of the best cryptocurrencies you can bet on it for good growth in Feb 2022.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.