Cryptocurrencies as an investment
Over the years, cryptocurrencies have been established as one of the most preferable investments, regardless of several ups and downs in the market. In this article, we will discuss top 10 cryptocurrencies . Cryptocurrencies are getting the attention of many investors from all places around the globe. The cryptocurrency market’s vast potential is increasing cryptocurrency investment each passing day. Another fact is that with saturated tokens, all your savings will be wiped out overnight. But, one must do complete research before entering to such investment options. This article is based upon our own research and understanding. But, you can have basic information from this article.
Things to Remember
Cryptocurrency is here to stay, and if you think investing in cryptocurrency is the one of the best option, then here are a few things you should keep in mind.
- The speed of transactions
- Fees for transactions
- Capability to use your cryptocurrency for regular buys and transfers in the bank.
What is the best crypto to invest in 2022?
In this article, you will learn about the top 10 cryptocurrencies to invest in 2022 based on their market cap (data collected from CoinMarketCap and as of 08 Aug 2022). While some of these are completely new in the market, some are in a downtrend, and some are on the path of a major breakout.
Bitcoin
Market Cap: $455 billion
The list starts with the world’s leading cryptocurrency, Bitcoin. It is so popular that it is present in complete portfolios of investors. With the most prominent market capitalization, Bitcoin is considered among the best cryptocurrencies where investing is worthy. So, it is considered as one of the best cryptocurrencies in top 10 cryptocurrencies to invest.
Ethereum
Market Cap: $216 billion
Ethereum is the second most popular in top 10 cryptocurrencies to invest, worth investing in among crypto investors. Its relevant applications, especially the intelligent contracts implemented automatically when all conditions are met, are worth mentioning.
Tether
Market cap: $66 billion
Different from other kind of cryptocurrency, Tether is one of the stable coin which means it is supported by Fiat currencies such as US dollars and Euro and supposedly maintains a value same as those denominations. So, the value of tether is more constant that any other cryptocurrencies and those investors who are worried of high volatility of other coins prefer Tether.
US Dollar Coin (USDC)
Market Cap: $54 billion
Same as Tether, USD coin is also a stablecoin which means it is supported by US dollars and always aims for 1 USD to 1 USDC ratio. It is powered by Ethereum and you can make use of USD coin for completion of international transactions.
Binance coin
Market Cap: $54 billion
It is a cryptocurrency launched by one of the biggest crypto exchanges across the world – Binance. Within significantly less time, it has successfully expanded from a small assisting trades on the exchange platform of Binance to a platform where anybody can advance with trading, processing of payment and booking some travel appointments. It is worth mentioning that over the years, the Binance coin has significantly increased in value and among the in top 10 cryptocurrencies to invest.
XRP
Market cap: $18 billion
It has been created by the founders who were the founders of Ripple and is a digital technology and payment processing unit. XRP can be utilized on that network for facilitating exchanges of various types of currency which also includes fiat currencies and other such major cryptocurrencies. In the beginning of 2017, its price was $0.006 and as of Aug 8, 2022 it has reached $0.37.
Cardano
Market Cap: $18 billion
Cardano is one of the fantastic altcoins. In significantly less time, it has achieved tremendous growth. With a minimum time of transaction and consumption of energy, a lot of projects depend on Cardano which makes this popular in top 10 cryptocurrencies to invest.
Binance USD
Market Cap: $17 billion
It is a stable coin that was founded by Paxos and Binance for creating a cryptocurrency supported by the US dollar. In order to maintain this value Paxos keep in hold an amount of US dollars which is same as the whole supply of BUSD.
Solana
Market Cap: $14.7 billion
Solana is a cryptocurrency that has successfully fetched significant returns from investors. It functions by combining two mechanisms proof of stake and proof of history. One of its fantastic facts is that it has successfully outperformed other cryptocurrencies in the market in the sector of decentralized finance, decentralized apps and other smart contracts.
Polkadot
Market Cap: $10.2 billion
Polkadot’s capability to flawlessly connect with diverse Blockchain networks has grabbed the attention of several people. This is one of the biggest reasons why so many projects are getting developed on the Polkadot ecosystem.
Conclusion
Finding the best cryptocurrency to invest in 2022 from more than 18000 digital assets is overwhelming. But the above list of the top 10 cryptocurrencies in 2022 helps you know which cryptocurrencies are worth investing in. Each of these cryptocurrencies possesses its technology which makes them unique. But one common thing is each of them has given a massive return compared to their initial investment. If you want to purchase any of these coins, look for a good crypto exchange platform that provides several cryptocurrencies.
(Disclaimer: This is provided only for information purpose. Top10listweb.com does not recommend any cryptocurrency to buy/sell/hold. Do your own research and/or consult your financial advisor before investing.)
