Cryptocurrency’s climb to fame continues throughout the world, with an increasing number of investors seeing it as a valuable addition to their portfolios. Investing in crypto has a variety of dangers, but it can also be extremely rewarding. If you want direct exposure to the demand for digital money, cryptocurrency investment is the way to go. Stocks of companies with bitcoin exposure are a safer but potentially less profitable option. However, investors who invested in cryptocurrencies had a great time in 2021, just like they did in 2020. Despite the market’s unpredictability, people were generally keen on investing in cryptocurrencies. During the previous year, The fame of meme currencies, altcoins, and NFTs soared.
The cryptocurrency had a banner year in 2021. But, in the year 2022, what’s next? Let’s look through the top 5 Cryptocurrencies you must make your invest in 2022.
Bitcoin is the most valuable cryptocurrency by market capitalization, and it has been the most well-known since its inception in 2009. Bitcoin is traded using blockchain-based software, which currently uses a distributed database with over 15,000 nodes (computer instances). Bitcoin’s durability and time-tested status ensure that it will remain a popular investment in 2022.
Bitcoin’s price is expected to be slightly below at the start of 2022, falling short of analysts’ predictions. Though, there is hope that this will transform by the end of the year.
Ethereum is an open-source, decentralized blockchain that supports smart contracts. When comparing in terms of market capitalization, Ether can be considered as the second most valuable cryptocurrency after Bitcoin. Nevertheless, with the launch of Ethereum 2.0, analysts such as Wallet Investor anticipate that the average price of Ethereum will reach about $8,000 by the end of 2022 based on Machine Learning-assisted price estimates
The Binance ecosystem survives upon the BNB cryptocurrency. The utility token BNB is one of the most extensively utilized in the world. Like any other cryptocurrency, BNB can be subject to buying and selling as well and also has a wide variety of applications and benefits. If you are finding an alternative cryptocurrency other than Bitcoin or Ethereum, Binance coin (BNB) could be a good option. Binance coin is presently ranked 3 in terms of market capitalization on CoinMarketCap, with a market valuation of over $100 billion.
Solana is a popular blockchain platform that can be used by everyone. Solana is said to be proficient in processing 50,000 transactions per second, which is quicker than Ethereum’s blockchain. Solona was launched in 2020 and is still relatively young, but it is quickly gaining a significant portion of the market.
Investors are interested in Polkadot because it is more participatory. Developers can connect blockchains to the Polkadot system and even develop their own. In terms of allowing developers to generate smart contracts and applications, Polkadot is very similar to Ethereum. It has the potential to expand significantly in terms of functionality over the following year and is expected to grow in 2022.
- The above discussion is neither financial advice nor financial recommendation. It is a basic study on cryptocurrency which is done based on resource sources. Therefore, our team accepts no responsibility or liability for any predictions/decisions you make in the industry.