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Cryptocurrencies are the hottest topic everywhere across the globe. The demand for top cryptocurrencies has been increasing day by day. From BTC to Dogecoin have been making big headlines every single day. And so most of the investors are looking towards investing in top 10 cryptocurrencies for good profits in the coming years. To help you give out information better about the crypto market, here are the best cryptocurrencies to buy in 2022.
Market Cap: US$929.72 B
Bitcoin is a decentralised cryptocurrency that was created in 2009 by Satoshi Nakamoto, BTC is the first and original cryptocurrency. As with top cryptocurrencies, BTC runs on a blockchain, or a ledger logging transaction distributed across a network of thousands of computers. Bitcoin price was over US$57,000 last November, which is growth of about 11,400%. It is one of the top 10 cryptocurrencies to buy in 2022 for long-term profit.
Market Cap: US$508.06 B
Ethereum is a decentralised open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralised smart contracts. ETH has been in the forefront of a blockchain smart contract platform. The price of ETH has witnessed a tremendous growth of about US411 ti over US$4,700 that is about 42,000%. It is one of the top 10 cryptocurrencies to invest in 2022.
Market Cap: US$96.75 B
The Binance Coin is a form of cryptocurrency that can be used to trade as well as pay fees on Binance, one of the largest crypto exchanges in the world. The coin was launched in 2017 and can be used for trading, payment processing or even booking travel arrangements. Binance Coins can be traded and exchanged for other top cryptocurrencies even such as ETH and BTC. It is one of the top 10 cryptocurrencies to buy in 2022.
Market Cap: US$76.06 B
Tether is not like the cryptocurrency, USDT is a stablecoin that is backed by fiat currencies such as U.S dollars and the Euro. Tether's value is supposed to be constant with the other cryptocurrencies and it is favoured by investors who are wary of the extreme volatility of other coins. It is one of the top cryptocurrencies to invest in 2022.
Market Cap: US$57.64 B
Solana developed to help power decentralised finance uses, DApps, and smart contracts. The unique feature of Solana is that it is hybrid in nature; it uses both proof-of-stake and proof-of-history mechanisms that help it process transactions more securely and quickly. Even though it was launched in 2020, it reached the high price last November when it was almost US$213.42. It is one of the top 10 cryptocurrencies to buy in 2022.
Market Cap: US$45.91 B
Cardano is known for its proof-of-stake validation. It decreases the energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification present in platforms like Bitcoin. It also enables smart contracts and decentralised applications which is powered by ADA, which is a native coin of Cardano. It is one of the top cryptocurrencies that has witnessed a growth of about 7,850% since its inception.
Market Cap: US$38.55 B
XRP was created by the same founders as Ripple, which is a digital technology and payment processing company. XRP is used to facilitate exchange of different currency types even including the top cryptocurrencies and fiat currencies. Since 2017, it grew up to 16,666% until this November.
Market Cap: US$40.93 B
Like Tether, USDC is also a stablecoin which is backed by U.S.dollars and aims for a 1 USD to 1 USDC ratio. The coin is powered by ETH and can be helpful in making global tractions easily. It is one of the best cryptocurrencies in the crypto market.
Market Cap: US$28.29 B
The best cryptocurrencies may use any number of blockchains, Polkadot aims to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together. Between September 2020 and November,its grew about 1,300% from US$2.93 to US$38.61.
Market Cap: US$23.18 B
Dogecoin has been a hot topic thanks to celebrities and billionaires like Elon Musk. Famously started as a joke in 2013, Dogecoin rapidly became a prominent cryptocurrency option, thanks to a dedicated community and creative memes. Unlike many other cryptos, such as Bitcoin, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.
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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.
