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From Bitcoin and Ethereum to Dogecoin and Tether there are thousands of cryptocurrencies, which can make it overwhelming for new traders to curate a safe investment strategy. For investors, it is imperative to examine cryptocurrencies from several perspectives, including that of investors, banks, and governments, to consider the fundamental stability of these digital currencies. It is quite evident that cryptocurrencies are an important and rising element in today's digital economy. This article lists the top cryptocurrencies to make US$10k investment to US$1 million in 2022.
Being the topmost favourable cryptocurrency in the highly volatile cryptocurrency market, Bitcoin is set to reach the moon in the nearby future. It is estimated that 2022 will experience US$100K after watching it hit an all-time high record of reaching US$65Kin 2021. It has attracted innumerable crypto investors, as well as some of the top educational institutes, have started accepting this cryptocurrency for payment procedures.
It is speculated that Ethereum will surpass Bitcoin in the near future and crypto investors should buy this cryptocurrency before it gets to the moon. It is a global open-source platform that develops as well as implements DApps for efficient transactions. Crypto investors are waiting for Ethereum to cross the market capitalization of Bitcoin in the future with programmable money and smart contracts. The price can reach US$10K to bring profit in digital wallets of crypto investors.
Dogecoin has Elon Musk with it to get to the moon. Crypto investors should be careful before investing in Dogecoin because of his cryptic tweets. Elon Musk is actually launching a Dogecoin mission to the moon with SpaceX in 2022. The announcement has increased the cryptocurrency price and is expected to hit with bullish momentum above US$1 in the nearby future.
Shiba Inu has reached a new all-time high in 2021 and is set to join the top ten cryptocurrencies in the volatile cryptocurrency market. The media is contributing a lot to the rise in demand for this cryptocurrency. The bullish position has attested to the rising popularity that can break new records in the nearby future. Thus, crypto investors can buy this cryptocurrency before it gets to the moon and earn profit in digital wallets. Elon Musk has also started influencing cryptocurrency prices with his tweets. The team is focused on building more use cases with Shiba Inu to continue the growth in the price.
Polkadot is an open-source multichain protocol that connects and secures a network of specialized blockchains. It serves as the network for multiple Blockchains as it facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Monero can significantly increase the cryptocurrency price and be ready to reach the moon in the nearby future. It is because of the mass adoption within the crypto investor community. Crypto investors are expecting a sharp increase in the price despite having a low market capitalization. It is known as a privacy-focused blockchain network that is impossible for investors to decipher addresses trading Monero.
Algorand is focused on the future of finance with the world's first pure proof-of-stake foundational blockchain. It allows a set of high-performing Layer 1 blockchain to offer security and scalability with the utmost privacy. The Algorand token is expected to hit the US$1.90 average price with US$3.11 this year. This is one of the cryptocurrencies to buy before it gets to the moon.
Solana is expected to reach US$278 and an increase in the cryptocurrency price in the near future. Crypto investors have started eyeing Solana for its smart functionalities with the current price at US$215.44. There is a long-term increase to be experienced in the nearby future. Thus, crypto investors can buy this cryptocurrency before it gets to the moon in 2022.
Chainlink is popular for being an open-source technology that connects smart contracts with off-chain data and services. It provides tamper-proof inputs and outputs with computations in a highly secure and flexible infrastructure. LINK is known as the native cryptocurrency of Chainlink that can show an increase in price with stability and flexibility.
The current price of Cardano is US$1.68 with a CoinMarketCap ranking at sixth position. Cardano is designed to ensure that owners can participate in the network operations with smart contract functionalities to the blockchain. It is expected that this cryptocurrency will reach US$3 by the end of 2022 as well as US$5 in 2024. Thus, crypto investors can expect to buy it before it gets to the moon in the future.
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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.
