These best cryptocurrencies are the best having great potential
Cryptocurrencies are gaining a lot of prominence these days. These currencies are 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. Most of the big tech companies such as Apple, Google, Samsung, Facebook, PayPal and Deutsche Bank have recently included cryptocurrencies in their long-term strategic plans. Here are the best cryptocurrencies to invest in 2022.
1 Bitcoin (BTC)
Bitcoin is one of the top cryptocurrencies that is doing pretty well in the crypto market. Since it is the oldest out of all cryptocurrencies, it has an edge over the others. El Salvador is the first country in the whole world to make Bitcoin its national currency. For long-term investors, though, Bitcoin is very much still on the rise, and if the past is prologue, severe pullbacks should be considered buying opportunities. It is one of the best cryptocurrencies to invest in, in 2022.
2 Ethereum (ETH)
Ethereum is also known as Ether, which is the world’s second-largest cryptocurrency after Bitcoin. It is a decentralized open-source blockchain system that features its own cryptocurrency. The platform also works for numerous other top cryptocurrencies as well as for the execution of decentralized smart contracts. Because of its features, it is also one of the best cryptocurrencies to invest in, in 2022.
3 Binance Coin (BNB)
Binance is one of the successful crypto exchanges when talking about the trading volume. Same as Bitcoin, Binance Coin also keeps a hard limit on the number of tokens in circulation such as 200 million BNB tokens. This is the feature that has made BNB on the best cryptocurrencies list. Binance also puts about one-fifth of its profits each quarter into getting rid of BNB tokens, which raises the value of the remaining tokens.
4 Tether (USDT)
Tether is a stablecoin that is designed to be less volatile in nature. These stablecoins are alternatives to Bitcoin because it is linked to another asset. Tether is backed by the U.S dollar and it has a 1-to-1 ratio with the dollar. The big advantage of the Tether is that it lets you make transactions in traditional currencies rather than having to dive into complex digital currencies because of it, it becomes one of the best cryptocurrencies to buy in 2022.
5 Monero (XMR)
Monero is one of the best cryptocurrencies as it is designed to keep its users anonymous through ring signatures and stealth addresses. It helps hide the identities of both the receiver as well as the sender. The feature is not for everyone, but only for the popular crypto investors who prefer to remain anonymous. It has helped push Monero’s price higher than ever in 2021.
6 Algorand (ALGO)
ALGO was founded by the scientist Silvio Micali, the cryptocurrency positioned itself as a competitor to Ethereum. It got a huge lift in 2021 when El Salvador stated to establish its blockchain infrastructure using Algorand. The main advantages of this crypto is that it uses proof-of-stake algorithms which require less electricity than the Bitcoin and other top cryptocurrencies. And so it is one of the best cryptocurrencies to invest in 2022.
7 Cardano (ADA)
Cardano is a cryptocurrency network which is an open-source project with the aim of creating a public blockchain platform for smart contracts. Cardano’s internal cryptocurrency is ADA. It is one of the best cryptocurrencies to invest in as it grew exponentially over the years. It is a non-profit digital currency that is also leading the crypto market along with other top cryptocurrencies.
8 Polkadot (DOT)
Polkadot is one-of-a-kind proof-of-stake cryptocurrency that aims to provide blockchain interoperability. Using the Polkadot relay chain, it enables an internet where independent blockchain can share information and transactions in a tructless manner. It aims to make creating and connecting decentralized apps, utilities, and organizations easier. And so it makes the list of the best cryptocurrencies to buy in 2022.
9 Ripple (XRP)
Ripple is a cryptocurrency and a digital payment network that is used to make financial transactions. It is used with a network of validation nodes rather than a blockchain, as the company started with a blockchain-based system. It is one of the best cryptocurrencies to invest in 2022.
10 Uniswap (UNI)
Uniswap is a crypto exchange protocol that operates on a decentralized basis. Using the smart contracts, the protocol allows for automated transactions between cryptocurrency tokens on the ETH blockchain. It is one of the best cryptocurrencies to buy in the next year for great returns.
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