Despite volatile conditions in the market, the demand for cryptocurrencies does not seem to slow down. The crypto market currently has a valuation of more than $1 trillion with over 20,700 cryptocurrencies available for investments. Bitcoin is the largest cryptocurrency in terms of market cap, followed by Ethereum. From teens to adults, cryptocurrencies are adopted on a global scale as an investment tool despite their sensitive nature. Experts do believe that the blockchain industry is at a booming stage and has a wide-scale approach. Here are the top 10 cryptocurrencies that you won't regret buying before 2022 ends.
As known to crypto investors, Ethereum is ranked as the second largest cryptocurrency. In addition to this, it also finds its place in the list of the top cryptocurrencies worth investing in. This cryptocurrency's potential applications, particularly the smart contracts that automatically execute when conditions are met are worth a mention.
The very ability of Polkadot to seamlessly connect all heterogeneous blockchain networks has grabbed eyeballs. This is one of the major reasons why there are hundreds of projects that are being built on the Polkadot ecosystem.
Cardano has been an impressive altcoin. It has seen stunning growth in its value over some time. With its lesser transaction time and energy consumption, you now know why numerous projects are relying on Cardano.
Solana is yet another cryptocurrency that has succeeded in fetching huge returns for investors. It works with a blend of proof-of-stake and proof-of-history mechanisms. What cannot go unnoticed is the fact that it has outshined the rest in the area of decentralized finance (DeFi), decentralized apps (DApps), and smart contracts.
Well, Tether needs no special introduction. This stable cryptocurrency has always been a go-to cryptocurrency for those investors who aren't willing to take many risks. Tether's value is considered to be more consistent than other cryptocurrencies which is why it is favored by a lot of investors considering how volatile the cryptocurrency market is.
Flux is the new generation of scalable decentralized cloud infrastructure. Simply develop, manage, and spawn your applications on multiple servers at once. It will be ready for Web 3.0, Dapps, and more. The Flux Ecosystem is a fully-operational suite of decentralized computing services and blockchain-as-a-service solutions which offer an interoperable, decentralized, AWS-like development environment.
Polygon is one of the top cryptocurrencies for building and connecting Ethereum-compatible blockchain networks. It provides scalable solutions on Ethereum, supporting a multi-chain Ethereum ecosystem. Many crypto investors believe that Polygon has great potential and will give higher returns in the future.
Shiba Inu continues to draw the inspiration of some investors, and the ire of others. But regardless of how you feel about this pupcoin, it's undeniable that developers have been working hard to add notable new features to the SHIB ecosystem. These planned rollouts are what make SHIB one of the best cryptos to buy amid the bear market.
Binance coin, launched by one of the largest crypto exchanges in the world – in no time, 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. What's worth a mention is that there has been a significant increase in its value over years.
USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token's peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that are equal in USD value to the number of USDT in circulation. Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.
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.