Best 10 Cryptocurrency To Invest In 2022
cryptocurrency is regaining popularity as interest in it increases. Cryptocurrency are almost always intended to be resistant to government exploitation and control. Though this fundamental feature of the industry has come under fire as it has increased in popularity since bitcoins price has soared.
There has been a sudden excitement in the crypto industry about all coins and people are more interested in seeing which tokens can earn a spot this year. This list aims to introduce you to the best 10 cryptocurrency to invest in 2022 which have experienced significant growth in the past and will continue to be in the mainstream, especially for their pricing graphs or r&d.
Here are best 10 cryptocurrencies based on market capitalization that you can consider investing in 2022.
BTC is a cryptocurrency that was created in 2008 by an anonymous individual or group of people who went by the name Satoshi Nakamoto. It has no central bank or single administrator network nodes. Although bitcoin is unpredictable, it has a steady upward trend with a market capitalization of $1.1 trillion.
Litecoin come Second on our list because of its market capital and liquidity value, unlike bitcoins 21 million supply Litecoin is limited to 84 million coins with a block reward of 12.5 LTC higher than other cryptos.
For miners, mining a lightcoin will be faster than any other cryptocurrency as the average time for a lightcoin is just two minutes the growing popularity of light coins makes this the best of the rest in all the old coins.
Etherium is a decentralized software platform that allows smart contracts and decentralized applications to be designed and run without the need for third party downtime, self control or intervention. etherium is a permission less non hierarchical network of computers that generate and achieve consensus on an ever growing sequence of blocks or batches of transactions referred to as the blockchain.
It is the second largest cryptocurrency in terms of market capitalization. Vitalik Butyrin, a programmer proposed etherium in 2013, the network went live on July 30th 2015, with an initial supply of 72 million coins after being crowdfunded in 2014. Etherium is used for decentralized finance, the production and exchange of non fungible tokens and many initial coin offerings.
This is an affordable cryptocurrency that is becoming a cult favorite at a rapid pace since its inception in 2015. It has become a strong player in the market with its own Robert Rose blockchain which means having two blockchains instead of one. Hence Cardano is also known as the Japanese etherium because it uses the proof of stake algorithm which Aetherium has beean planning to do for a long time now.
5. Binance coin
if you own either Bitcoins, or etherium and want to diversify your portfolio, look no further than binance coin. The parent company binance has a strong business history that has created a useful utility token the value of binace coin comes from its usefulness and its demand which is for traders to use binance coins to buy other cryptocurrencies on binance exchange.
It is worthy to note that binance exchange is one of the world’s fastest growing cryptocurrency exchanges and with every transaction done on the platform using binance coins, it is only becoming stronger.
Ripple was included because its creativity is a little different from the other cryptocurrencies on this post. Over the years, it has collaborated with large banks globally, including the Bank of America. XRP is the cryptocurrency that runs on ripple net, a digital payment network.
This happens to be on the zenith of the ledger distributed database, the XRP ledger is open source and is not based on the blockchain but rather on the distributed ledger database. It does not require mining and the consensus process does not need multiple confirmations for immutability. Which makes it faster and more efficient at processing transactions than other cryptocurrencies.
The fact that Dogecoin still stands strong after not being taken seriously. is a statement in itself first Redditors spiked the price to new heights in early 2021 as a way to prevent the speculated short selling of Doge coins by many Wall Street hedge funds.
And then Elon Musk called himself the doge father promoting this cryptocurrency further. While many argue the legitimacy of this coin Dogecoin continues to have its share of market value in April 2021 Dogecoin hit its all time high of 29 cents after a steady growth further, Alon Musk’s SpaceX has now announced that it accepts Doge coins as a mode of payment.
Did you know Tron was actually founded on etherium in 2017. Now with its own blockchain platform, Tron is an independent cryptocurrency that also uses the proof of stake algorithm to process transactions at present. Tron has a market value of $4,406,488,234, which was expected to increase compared to etherium.
This crypto coin hosts more decentralized apps, which is what is making it increasingly popular at first TRX ran on etherium ERC 20 blockchain as it offered a quick and easy solution for running the peer to peer network, later on the developers of Tron switch the blockchain to their custom made solution the blockchain used proof of stake mining and validation consensus algorithm and was one of the first cryptocurrency projects to apply this method.
One of the primary use cases and benefits for the TRX platform is the support for content creators and artists by providing ownership over the content they create. This is done by storing and tracking the information about creative content and its use on the blockchain. The middleman is eliminated, and content creators get paid instantly.
9. Bitcoin Cash
Bitcoin cash speculations around Bitcoin scalability gave rise to Bitcoin cash, a peer to peer electronic cash system that is supremely scalable. It has a market cap of $8,993,553,011 One of the biggest out of the lot with the name Bitcoin attached to it. Bitcoin cash is one of the most tide cryptocurrencies, by big time investors.
10. Z Cash
Z cash can do what Bitcoin cannot. The blockchain that Bitcoin uses is transparent, which makes tracking transactions easier. But Z cash only allows transaction tracking if the user wants them to be tracked.
Currently, Z cash is valued at $2,701,320,183 in the market, and the researchers predict that the price will drop to open an investment window if you want to diversify your portfolio. Watch out for this.