These top 10 cryptocurrencies will be worth investing in by 2022
Thanks to the war crippling the crypto market for a short time, Bitcoin and Ethereum have had a tough year. However, other coins like meme coins and altcoins have had a very successful year.
Shiba Inu, the meme-based cryptocurrency, has overtaken dogecoin due to an 800% price increase in recent months. There are mixed opinions about Shiba Inu’s fluctuations, released in 2020. Still, it has proven to be a success so far.
Dogecoin is the first (and foremost) meme-based cryptocurrency. It was started in 2013 as a joke that became very popular and had been doing well since then. In 2020, it showed potential when acknowledged as an asset of stability for many investors. Furthermore, elite influencers like Elon Musk & Mark Cuban prefer Dogecoin over other cryptocurrencies. A single tweet from either of them could make the price skyrocket
One of the most valuable cryptocurrencies globally, Ether Token is based on the Ethereum blockchain and has quickly become a cornerstone of the cryptocurrency world. Simply put, Bitcoin is gold and Ethereum is silver. With its “smart contracts” and improved blockchain security, Ethereum has become the foundation for many other applications.
Cardano is a platform that supports apps currently in use every day by individuals and organizations from across the globe. This eco-friendly and transparent nature is perfect for large financial transactions. Investors in India have a potential opportunity to invest in Cardano, one of the most affordable cryptocurrencies.
Bitcoin is a form of digital currency that exists as an open-source. Transactions are made without any form of intermediary and transactions take place directly between people rather than through large financial institutions like banks or other companies. When creating Bitcoin, Nakamoto had the intention of creating “online payments to be sent directly from one party to another without going through a financial institution
Launched in 2017, Binance has quickly risen to one of the most adopted crypto exchanges. It has captured the most daily trading volume in just a short period. It also offers many educational resources for aspiring traders and investors. Binance provides a great assortment of tools for those investing in their platform. They offer API keys and custom charting, which provide you with the key to access data that would be otherwise hard to get your hands on. In addition, you can use the provided data for in-depth analysis by pulling it from the Binance platform.
XRP is one of the brightest tokens perched at the top of the altcoin pyramid and has shown an increase of 377% all around the year. Investors are hopeful that this cryptocurrency can maintain its success.
The Tether color was brought into the world by individuals who felt that the cryptocurrency market had become unpredictable and agitating. As a premier stable coin, it has a fixed tether to the US dollar, with fewer fluctuations. The Tether cryptocurrency is an exciting alternative to Bitcoin. Launched in 2014, it allows users to be part of the blockchain network without investing their money in a cyber wallet with no guarantee of protecting their investments against significant fluctuations in price.
Solana (SOL) is the most popular cryptocurrency at the moment. The Solana Network focuses on fast transactions & high throughput. They are working on a unique mechanism that helps with transaction speed; take a look here. This blockchain platform has 50ks of capability, enabling it to do 50,000 transactions every second. However, their smart contracts and crypto wallets stand out, which allows for a more intuitive experience.