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Crypto investors are well aware of how volatile the cryptocurrency market is and the sudden changes in cryptocurrency prices. The bearish market is still evolving in February 2022, but sometimes, popular cryptocurrencies also bleed to incur huge losses. Keeping aside the volatility, crypto investors are helping cryptos to explode to drive profit in crypto wallets. Let's explore some of the big cryptocurrencies in 2022 set to soar the valuation in crypto wallets.
Bitcoin is dominating the cryptocurrency market with its own craze despite being the most volatile. It is known as the first blockchain-based cryptocurrency to operate on a peer-to-peer network. Almost all industries across the world have started accepting Bitcoins as an efficient mode of payment. The market cap of Bitcoin in February 2022 is US$771 billion with a volume of US$26.84 billion.
Ethereum is the second most popular cryptocurrency with the new version of Ethereum 2.0 to cover the existing issues of the original one. It is an open-source blockchain to boost potential applications efficiently. The platform consists of decentralized finance, non-fungible tokens, as well as smart contracts. The market cap of Ethereum in February 2022 is US$346.39 billion with a volume of US$15.80 billion.
Cardano is one of the big cryptocurrencies in 2022 to drive profit in digital wallets for crypto investors. It is gaining popularity for its faster transactions as well as less energy usage. It allows smart contracts and DApps efficiently and effectively. The market cap of Cardano in February 2022 is US$34.60 billion with a volume of US$2.94 billion.
Solana is one of the top cryptocurrencies in the cryptocurrency market with a unique hybrid Proof-of-Stake and Proof-of-History concepts for better transaction speed. It is emerging as the tough competitor of Ethereum for its programmer-friendly compatibility. The market cap of Solana in February 2022 is US$30.20 billion with a volume of US$1.83 billion.
Binance is a highly popular name among crypto investors for its biggest cryptocurrency exchange platform. It helps to promote multiple exchanges in the global financial sector. The market cap of Binance Coin in February 2022 is US$66.85 billion with a volume of US$1.69 billion. It is used to fuel transactions on the Binance smart chain efficiently.
Tether is preferred by crypto investors who create a demand for stablecoins. It is backed by fiat currencies to keep the cryptocurrency price equal to one. Crypto investors can drive profit in digital wallets while holding Tether on exchanges for a period of time. The market cap of Tether in February 2022 is US$78.73 billion with a volume of US$59.79 billion.
XRP is a well-known big cryptocurrency to use an open-source distributed ledger known as XRP ledger. The market cap of XRP in February 2022 is US$37.81 billion with a volume of US$2.94 billion. XRP shows effective strategies to reach a new level in 2022 and beyond.
USD Coin is driving profit in crypto wallets as a stablecoin that can be pegged to the US dollar or Euro with a mix of cash and short-term US Treasury bonds. The market cap of USD Coin in February 2022 is US$52.58 billion with a volume of US$3.91 billion.
Terra has entered the global top ten cryptocurrencies as a blockchain protocol to use fiat-pegged stablecoins for stability in the price. It is known for combining the price stability and adoption of fiat currencies to offer affordable settlements. The market cap of Terra in February 2022 is US$19.91 billion with a volume of US$1.29 billion.
Avalanche is emerging as one of the top big cryptocurrencies in 2022 with an impressive market capitalization. The market cap of Avalanche in February 2022 is US$21.79 billion with a volume of US$1.56 billion. It is gaining popularity because of the development of smart contract-based applications for fees and staking.
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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.
