Top 5 Cryptocurrencies to Invest in 2022
Many conservatives at the end of 2018 gleefully rubbed their hands and loudly declared that the virtual asset market would never recover. It turned out exactly the opposite, and now, when prices have not reached the next peak, it’s time to invest. What cryptocurrency to buy in 2022?
1. Ethereum (ETH)
Ethereum is sometimes referred to as the dark horse of the crypto industry. The second-largest digital currency by capitalization does not have strict restrictions on emission.
Ethereum Foundation is the largest association of programmers and cryptographers. This year, the team launched a test version of the Ethereum 2.0 network update. At the end of this year, the system should complete the transition from the PoW algorithm to staking, which will reduce the emission to 2.5% and stimulate the long-term storage of ETH tokens. Besides, Ethereum serves as the digital fuel for the DApp ecosystem.
ETH coins are needed by millions of developers and companies to enter into smart contracts, release decentralized applications, and pay fees. Ethereum received a serious impetus for its development due to the popularization of DeFi projects.
2. Ripple (XRP)
Ripple is consistently ranked 3rd by CoinMarketCap cryptocurrency overview in terms of market capitalization. The network is very promising, and many experts believe that XRP is ready to fly to the Moon. A distinctive feature of Ripple is the cosmic speed of transaction processing, for which its blockchain is called the “king of banking infrastructure.”
Large banks and financial organizations cooperate with this project. Optimists expect a twenty-fold rise in the rate by the end of this year, but we should really expect a price of $2-$3 USA/EN for 1 XRP. The developers of the mobile payment system said that in the future, Apple Pay may use the Interledger technology created by Ripple. The Ripple project is actively cooperating with governments of different countries that are exploring the possibility of issuing state cryptocurrencies.
3. Cardano (ADA)
A third-generation blockchain project was created as an alternative to Ethereum. Cardano supports smart contracts, has high throughput and scalability, and even today can be used in the real sector of the economy.
This year, the ADA coin has come close to Ethereum in terms of capitalization and takes 4th place in the CoinMarketCap rating. There are many highly qualified specialists in the development team. The project is led by a well-known crypto enthusiast and one of the co-founders of Ethereum, mathematician Charles Hawkinson.
If you want to exchange cryptocurrency ADA, it is better to opt for trusted platforms, such as the Changelly website.
4. Tron (TRX)
The Tron blockchain should become a global digital content exchange system, which in the current conditions is more in demand than ever before. The Tron ecosystem provides an opportunity for gaming projects to enter into smart contracts and create decentralized applications. The platform is already used by hundreds of developers, including gaming industry leaders:
and Xu Le.
Tron has acquired BitTorrent and signed network agreements with service providers Oracle and Swisscom.
5. Binance Coin (BNB)
Binance Coin (BNB) is the world’s first crypto exchange token. Time has shown that the idea was excellent, the coin and the exchange are developing in close correlation with each other. BNB is a crucial tool for promoting the Binance ecosystem.
Users can use BNB to pay fees for deploying smart contracts on Binance Smart Chain, performing cross-chain transactions, and staking on selected validators on the network. However, other real driving forces give the coin additional prospects and increase the likelihood that the value will grow at a noticeable pace:
Expanding the capabilities of the Binance crypto exchange itself, increasing the number of users. The more popular the platform, the more in demand the token. The site has been among the market leaders for several years and is not going to lose ground. New features and opportunities for active and passive income are regularly introduced. The number of registered users for 2022 is almost 100 million (in 2019 it was 37 million).
Expansion of ways to use the coin itself. The use of BNB, not only within but also outside the ecosystem, is growing at a rapid pace.
Support for third-party platforms is also among the external factors for price growth.
Where to buy cryptocurrency?
It is easier to buy a cryptocurrency for fiat in online exchangers than on stock exchanges. You do not need to go through verification and deposit money in advance, but the rate may be less profitable, and commissions are always higher.
It is not recommended to use unknown exchangers, as identity verification is done for your safety. Use only popular cryptocurrency exchanges that have already earned the trust of users.
What Cryptocurrencies to Invest in 2022