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The crypto industry had an eventful 2021, 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. Cryptocurrency is a kind of payment that may be used to exchange products and services via the internet. Did you know that there are over 13,000 Cryptocurrencies in existence, with an ever-expanding field of offerings? Crypto investors feel overwhelmed with the multiple choices in which they want to invest time and money to gain profit in the long run. This article features the top 10 best cryptocurrencies bets for you to try in 2022.
Bitcoin is a decentralized cryptocurrency that is ruling the market capitalization ever since it was created. It has no central bank or a single administrator behind it and can be sent from user to user through a peer-to-peer network. Bitcoin is one of the best cryptocurrencies bets for you in 2022.
Ethereum is popular as the second-best cryptocurrency in the crypto investor communities. Ethereum is a blockchain that secures digital ledgers to be publicly created and maintained. It can potentially replace all kinds of legal, financial, and social agreements, as well as can be used to execute bets, fulfill employment contracts, and many more.
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.
Litecoin price prediction is very optimistic in the opinion of experts. Experts expect the Litecoin 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 bets for you in 2022.
Solana is a decentralized blockchain that is developed to enable scalable as well as user-friendly applications. It can process many transactions per second has lower fees when compared to other blockchains, and uses the Proof-of-Stake (PoS) and Proof-of-History (PoH) consensus method. Solana operates on a decentralized network of computers using a blockchain digital ledger. This is a database that manages and tracks the currency and records every transaction made in it.
In 2021, Cardano beat rival blockchains in terms of having the most development on GitHub. Cardano is a Proof-of-Stake (PoS) blockchain platform that was founded on peer-reviewed research and developed through the utilization of evidence-based methods. Cardano is one of the best cryptocurrencies bets for you to try in 2022.
Ripple is a blockchain-based digital payment network and protocol, where XRP is the native cryptocurrency token. Ripple transactions are known due to their lower energy consumption when compared to Bitcoin and their quicker confirmation time.
USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by US$1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions. USD Coin is one of the best cryptocurrencies bets for you to try in 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. It is one of the best cryptocurrencies bets for you to try in 2022.
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 such as ETH and BTC.
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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.
