Best Cryptocurrency to Invest in 2022

Introduction

Cryptocurrency is a cryptographically protected digital or virtual currency that makes counterfeiting or double-spending virtually impossible. Many cryptocurrencies are distributed networks founded on blockchain technology. In simple words, it is a scattered ledger enforced by a heterogeneous system of computers. A significant characteristic of cryptocurrencies is that they are theoretically immune to government interference or manipulation. A central authority does not usually issue them. In this article, I will explain which is the best cryptocurrency to invest in 2022.

Cryptocurrencies are digital or virtual currencies backed by a cryptosystem. They permit secure online payments without the assistant of third-party intermediaries. “Encryption” refers to the various cryptographic algorithms and cryptographic techniques that secure these items, such as elliptic curve cryptography, public-private key pairs, and hashing functions.

Cryptocurrency can be purchased or mined on cryptocurrency exchanges. Not all e-commerce sites allow purchases with cryptocurrencies. Even popular cryptocurrencies like Bitcoin are rarely used in retail transactions. However, the high value of cryptocurrencies has made them popular for trading. It is also used for cross-border transfers to a limited extent.

Top 10 Best Best Cryptocurrency to Invest in 2022

Here is the list of the ten best cryptocurrencies to invest in 2022

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Binance Coin (BNB)
  4. Tether (USDT)
  5. Solana (SOL)
  6. Cardano (ADA)
  7. XRP (XRP)
  8. U.S. Dollar Coin (USDC)
  9. Polkadot (DOT)
  10. Dogecoin (DOGE)

1. Bitcoin (BTC)

Bitcoin (BTC), which came into being in 2009 under Satoshi Nakamoto’s pseudonym, was originally the best cryptocurrency. Similar to most cryptocurrencies, Bitcoin runs on a blockchain or ledger, logging transactions distributed across a network of thousands of computers. Bitcoin remains safe and secure from scammers because additions to the distributed ledger have to solve a cryptographic puzzle to verify it, a process called proof-of-work.

The price of Bitcoin soared as it became a pseudonym. Five years ago, you could purchase Bitcoin at around $500. According to November 30, 2021, the price of a single Bitcoin was over $57,000. That’s about 11,400% growth.

Market cap: 

The market cap of Bitcoin is about over $1.08 trillion

2. Ethereum (ETH)

As a blockchain and cryptocurrency platform, Ethereum is a favorite of program developers because of its potential applications, such as so-called non-fungible tokens (NFTs) and smart contracts that execute when conditions are met.

Ethereum has also experienced tremendous growth. The price has increased by more than 42,000% in just five years, from around $11 to over $4,700.

Market cap:

The market cap of Ethereum is about Over $557 billion

3. Binance Coin (BNB)

Binance Coin is one of the largest cryptocurrency exchanges globally and the type of best cryptocurrency used to trade and pay fees on Binance.

This coin has also expanded elsewhere, simply facilitating trading on the Binance Exchange platform since 2017. Now you can use it to perform transactions, process payments, or book travel reservations. It can also be exchanged or traded for other forms of cryptocurrencies such as Ethereum or Bitcoin.

In 2017, the price was only $0.10. By November 30, 2021, it had risen above $628, making a gain of approximately 627,000%.

Market cap: 

The market cap of Binance Coin is about over $104 billion

4. Tether (USDT)

Tether is a stable currency, unlike the other forms of best cryptocurrency. This means that it is supported by fiat currencies such as U.S. Dollars and Euros, which are worth about the same as one of these denominations. In theory, Tether’s value should be more consistent than other cryptocurrencies, favoring investors who are wary of excessive fluctuations in other coins relatively modest growth compared to other major cryptocurrencies. The worth of ADA was $0.02 in 2017. 

Market cap:

Tether’s market cap (USDT) is about Over $73 billion.

5. Solana (SOL)

Developed to support decentralized finance (Defi) usage, decentralized apps (DApps), and intelligent contracts, Solana runs on a unique hybrid proof-of-stake and the proof-of-record mechanism that helps to process transactions quickly and securely. Solana’s native token, SOL, powers the platform.

At launch in 2020, SOL prices started at $0.77. By November 30, 2021, the price was nearly $213.42, up more than 26,500%.

Market cap: 

The market cap of Solana (SOL) is about Over $64 billion

6. Cardano (ADA)

A bit late on the cryptocurrency scene, Cardano is known for its early adoption of proof-of-stake verification. This method shortens transaction times and reduces energy usage and environmental impact by eliminating the competitive and problem-solving aspects of transaction validation on platforms such as Bitcoin. Cardano also works like Ethereum, enabling smart contracts and decentralized applications powered by ADA, the native coin.

Cardano’s ADA token has shown relatively uncertain growth compared to other leading cryptocurrencies., the value of ADA was $0.02 in 2017. As of November 30, 2021, the price is $1.57. This is an increase of 7,850%.

Market cap: 

The market cap of Cardano (ADA) is about Over $52 billion

7. XRP (XRP)

Created by the same founders as digital technology and payment processing company Ripple, XRP (XRP) can be used to enable the argument of various currency types, including fiat and other prominent cryptocurrencies.

The worth of XRP was $0.006 at the start of 2 2017. As of November 30, 2021, the price is $1.00, up 16,666%.

Market cap: 

The market cap of XRP (XRP) is Over $47 billion

8 U.S. Dollar Coin (USDC)

Like Tether, USD Coin (USDC) is the best cryptocurrency, backed by the U.S. Dollar, targeting a 1 USD to 1 USDC ratio. USDC is powered by Ethereum and can complete global transactions using USD Coins.

Market cap: 

The market cap of the U.S. Dollar Coin (USDC) is about Over $38 billion

9. Polkadot (DOT)

Cryptocurrencies can use multiple blockchains. Polkadot (and the crypto that bears its name) aims to connect various blockchains to create and unify the best cryptocurrency network that can work composed. This incorporation could variation the way cryptocurrencies are managed and drive impressive growth following the launch of Polkadot in 2020. Between September 2020 and November 30, 2021, the price increased by approximately 1,300%, from $2.93 to $38.61.

Market cap: 

The market cap of Polkadot (DOT) is about Over $37 billion

10. Dogecoin (DOGE)

Thanks to billionaires and celebrities like Elon Musk, Dogecoin (DOGE) has become a scorching topic. Started famously as a joke in 2013, Dogecoin quickly became a popular best cryptocurrency option to invest in in 2022, thanks to the dedicated community and creative memes. Unlike many other cryptocurrencies such as Bitcoin, there is no limit to the amount of Dogecoins that can be created so that the currency may depreciate as its supply increases.

The price of Dogecoin was $0.0002 in 2017. By November 30, 2021, the price was $0.22, an increase of nearly 110,000%.

Market cap: 

The market cap of Dogecoin (DOGE) is about  Over $28 billion.

Rating the Best Cryptocurrency Choices

If you practice a quick Internet search, you will find dozens of recommendations on investing in cryptocurrencies. When choosing the best cryptocurrency, we considered the following factors:

  • Long live
  • Technology
  • Track record
  • Adoption rate

Long live

How old are cryptocurrencies? While new cryptocurrencies are not immediately ruled out, historical data for comparison will tell you how the company has performed so far.

Technology

How does the platform compare to other platforms in terms of usability and security? The first thing to look for is the speed at which transactions occur. The network must be able to handle transactional traffic easily.

You also want to make sure your investments are safe. Most cryptocurrencies use blockchain technology to make all transactions transparent and easy to track. Blockchain technology does not necessarily make it more difficult for hackers to steal cryptocurrencies. It makes it easier to track your investments so you can recover them instead of losing them due to fraud.

Track record

How has the company been doing business over the years? If the price stabilizes, that’s a good sign. Even better if you know that cryptocurrencies are gaining traction and growing in value over time.

Adoption rate

In cryptocurrency, how many investors want to invest? Are you considering? A high adoption rate means more liquidity for cryptocurrencies. Selling, trading, or spending will be straightforward in the future.

Final Take

There is no question about it here. Cryptocurrencies are here. The common question of people is, what is the best place in the market for investing money?

Some essential things to be retained in mind when deciding which cryptocurrency is the best investment.

  • The speed at which transactions are completed
  • Transaction-related fees
  • Ability to use cryptocurrency for subscription purchases and bank transfers

If you want to invest without trading within the network, remember that cryptocurrency is not a plan to get rich quickly.

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