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. With this in mind, we have come up with a list of the top 10 cryptocurrencies you will regret not buying in Jan 2022. Have a look!
As evident as it can get, the list has to start with the world's first cryptocurrency – Bitcoin. Ever since it was launched, Bitcoin has seen huge growth. With the largest market capitalization, it goes without saying that Bitcoin is one of the best cryptocurrencies worth investing in.
Ranked as the second-largest cryptocurrency, Ethereum undoubtedly finds its place in the list of the top cryptocurrencies worth investing in. This cryptocurrency has grabbed attention because of its potential applications, particularly the smart contracts that automatically execute when conditions are met.
Polkadot is yet another cryptocurrency that won't disappoint you at all. It stands the ability to seamlessly connect all heterogeneous blockchain networks. There are hundreds of projects that are being built on the Polkadot ecosystem. No doubt, this digital currency is on its way to setting new records.
Cardano is that one cryptocurrency that has seen impressive growth in its value over a period of time. The year 2021 was no less. Additionally, the fact that Cardano cuts down the transaction time and energy consumption make it all the more worthy.
Solana, which works with a blend of proof-of-stake and proof-of-history mechanisms, has fetched huge returns for investors. One area where this cryptocurrency has outshined the rest is in the area of decentralized finance (DeFi), decentralized apps (DApps), and smart contracts – all this throwing light on how good of an investment this is.
Tether, known to be one of the most stable cryptocurrencies, has made it a point to be a go-to cryptocurrency for those investors who aren't willing to take many risks. Since Tether's value is considered to be more consistent than other cryptocurrencies, it is favoured by the investors considering how volatile the cryptocurrency market is.
Binance coin, launched by one of the largest crypto exchanges in the world – Binance, 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. In addition to this, increase in its value over the years turns out to be a reason as to why investing in it would be worth it all.
Ripple's XRP has gained wide recognition from everywhere across because of its ability to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies. Also, the rise in its value is good enough evidence as to how much potential this cryptocurrency holds.
Ever since this cryptocurrency was launched in 2013, there was no looking back for Dogecoin. Since then, Dogecoin has evolved to become one of the leading cryptocurrencies in the entire cryptocurrency market. This is the reason why major companies like Dallas Mavericks, Kronos, and SpaceX have relied on this cryptocurrency.
Shiba Inu is more of a community- and supporter-driven crypto that enjoys the security and advanced features of the Ethereum ecosystem. Off late, this cryptocurrency has posted a significant growth during the last year thus emphasising the fact that it stands for good potential in the coming years.
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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.