Top 4 Cryptocurrencies to Invest In 2022
Do you have any cryptocurrencies in your possession right now? If you don’t have any, you should consider purchasing a little amount because it can rise over the next 5 to 10 years.
It has nowhere to go but up as the economy begins to embrace it as a legitimate currency and asset class. Learn which cryptocurrencies to buy in 2022 and beyond.
Many cryptocurrency critics predicted that the market would never recover from the 2018 crash, but that has not been the case this year.
While “investing in cryptocurrencies” is sound advice, “investing in the first token you come across” is not.
Most cryptocurrencies are now worthless, with only a small number of them gaining popularity.
Even fewer of those might be called solid investments, at least when the dangers involved are addressed.
However, there are a few tokens that everyone seems to agree are good to invest in among investors.
This doesn’t imply that everyone who invests in them will earn a lot of money; some people will lose money, but it indicates that they’re the tokens with the best chance of increasing value over time.
The optimism expressed above is based on facts.
These tokens have a history, and others have validated their applications.
Let’s take a closer look at top 4 cryptocurrencies to invest in 2022.
Bitcoin, the first cryptocurrency, is now the most widely discussed cryptocurrency, with some news outlets using the term “bitcoin” to refer to all cryptocurrencies.
Although there isn’t much that hasn’t been said about the token by now, public understanding of how it works remains low — partly due to the cryptocurrency’s concept and how it works is difficult to grasp.
Regardless of whether it is understood or not, Bitcoin remains the undisputed ruler of cryptocurrencies.
Bitcoin’s popularity alone protects it from market fluctuations.
Ethereum is an older cryptocurrency that is likely the second most well-known cryptocurrency globally, directly after Bitcoin.
Unlike Bitcoin, however, Ethereum is more than simply a cryptocurrency — the Ethereum blockchain is a smart contract and development platform that is presently used as the foundation for several popular distributed apps.
This puts the cryptocurrency in a unique position, as it is one of the first tokens to have a purpose other than serving as a medium of exchange — and as a result, it’s doubtful that the Ethereum blockchain, or its tokens, would vanish overnight.
Ethereum prices soared early this year, fueled by Bitcoin’s gain and increasing interest in cryptocurrency in general since cryptocurrencies tend to prop each other up.
Ripple Coin is a cryptocurrency that Ripple created.
Rather than reinvent the wheel or capture a new market, Ripple takes a different approach to the same problem that Bitcoin attempted to solve: sending and receiving money instantaneously and for little or no costs throughout the world.
While Bitcoin has only managed to establish itself as an investment option, Ripple’s unique strategy — which included beating banks and financial institutions to the money transfer game and positioning itself as a 21st-century replacement for the old, slow, and expensive order– has seen it adopted by a growing number of financial institutions around the world.
Binance Coin (BNB)
In our ranking, Binance Coin is the outlier.
To begin with, because it is the newest of the bunch, having only been on the market for two years.
Second, unlike the other tokens, Binance Coin was launched by a crypto exchange, notably Binance, rather than by a group of engineers attempting to solve a specific problem.
The way Binance Coin was launched may have seemed suspicious at first, but Binance’s commitment to helping cryptocurrencies and blockchain technology mature has since dispelled any doubts.
Since then, Binance has shifted its attention to assisting other blockchain projects. Its own Binance Blockchain serves as a home for both external developers and the exchange’s own efforts to drive mainstream adoption.
Binance Coin is one of just a few tokens that have hit its peak price following the bull market of 2017.
Its price has been steadily growing since then, with the token breaking its price record several times in the previous year.
The assault of projects piggy-backed to the global market on the terms of BNB and IEOs served as the foundation.
It was a heyday for BNB, with IEOs garnering unprecedented participation on the Binance Chain, and demand for it has persisted unabated.
After all, to take advantage of the transaction price decrease, Binance customers must settle platform fees in BNB first.