In 2022, investing in crypto is a new way of sailing along with the trends.Initially go through the Introduction to cryptocurrency, being digital currencies maintained and monitored by blockchain methods have seen a long series of rises and falls in the past. Therefore, as these Cryptocurrencies investments get riskier day by day, it is necessary to be well informed about different cryptocurrencies in the market.
In this article, we shall discuss some of the top cryptocurrencies one can invest in to attain maximum potential return!
Satoshi Nakamoto founded Bitcoin in 2009 with the main aim of giving the ordinary an experience of a decentralized financial system. He was the first one to introduce the concept of blockchain. How bitcoin works on a ledger system and uses a concept of proof-of-work to keep it safe and secure to use with its low volatile nature.
Apart from being the most popular among cryptocurrencies out there irrespective of its high price (29,460 USD), Bitcoin has one of the best and the biggest assets in terms of market capitalization, with 561 billion USD as of June 2022. It has a growth of around 7,800% compared to its price in 2016 and is expected to reach above 70,000 USD by the end of 2022.
Hence, if you are looking for a long time crypto investment, Bitcoin is the way to go.
Vitalik Buterin, a program developer founded Ethereum in 2013 after realizing the limitations of Bitcoin. He wanted blockchain technology to be more than just about digital currencies and has today, successfully been able to create Ethereum, an open-source platform that allows anyone to create decentralized applications and earn the second-largest digital currency, Ether.
Given that, Ethereum works on a blockchain that is mostly used by meme coins or Mint a non-fungible token. These pique interests of program developers who wish to invest in crypto.
Despite experiencing stagnancy in value for some time, this cryptocurrency is likely to regain its market value with the ETH 2.0 upgrade.
Ethereum has a growth of nearly 30,000% in price, from around 10 USD in 2016 to 1,734 USD in June 2022. With a market cap of 210 billion USD as of June 2022, Ethereum has proven to be one of the best cryptocurrencies to invest in if you are looking for a stable and long-term investment.
Brock Pierce, Craig Sellars, and Reeve Collins created Tether in 2014. It was an attempt to troubleshoot two major setbacks of cryptocurrencies, their high volatility as well as their valuation compared to fiat currencies.
In other words, it is a stable coin or also called a ‘Real coin’ that keeps its value close to that of U.S. dollars and the Euro and is comparatively consistent in value. Because of this, it is a favorable crypto investment as it sits on top of the stable coin pyramid. It has a market capitalization of around 72 billion USD as of June 2022 and a price of 0.9993 USD.
Gavin Wood, the former CTO of Ethereum founded Polkadot in 2016. It doesn’t have a specific limit on its total supply and hence; it is in constant circulation. Polkadot is a one-of-a-kind blockchain interoperability technology that connects multiple chains. It also allows para chains, or parallel blockchains, to exchange data and perform transactions without jeopardizing their security. Developers can use the Polkadot security to develop their blockchains.
With a market capitalization of 8 billion USD and a price of $8.82, Polkadot is popular amongst Web 3.0 enthusiasts and is an overall excellent cryptocurrency to invest in in 2022.
Charles Hoskinson, a co-founder of Ethereum, developed Cardano in 2015, and it debuted in 2017. It is renowned for being one of the first crypto projects that use proof-of-stake validation. By eliminating the competitive, problem-solving part of transaction verification found in platforms like Bitcoin, this solution reduces transaction time, energy consumption, and environmental effect. Cardano functions similarly to Ethereum because it uses ADA, its native coin, to facilitate smart contracts and decentralized apps.
Meanwhile, Cardano describes its system as a third-generation blockchain aimed at enabling smart contracts with potential application in quality control and supply chain governance.
Investing in Cardano in 2022 is a smart move because it is a very open and welcoming environment that works for everyone. When getting started, there are no barriers. All that is required to enter this market is a deposit, and one can be up and running in a matter of days. Cardano’s and other cryptocurrencies’ prices are expected to rise in the future years as money becomes more digitized.
From $0.02 in 2017 to $0.99 in March 2022, there was an increase of 4,850%. It has a current market capitalization of 19.6 billion USD and a price of around $0.58 as of June 2022.Additional resource on what is an ido.
Anatoly Yakovenko founded Solana in 2020 keeping high scalability in mind. Its main purpose was to provide higher scale throughput than what was already provided by other blockchains.
It supports decentralized money, decentralized applications (Dapps), and smart contracts. It uses a hybrid proof-of-stake and proof-of-history technique to handle transactions rapidly and securely. SOL, Solana’s native cryptocurrency, powers the platform. In 2020, it was priced at $0.77, which rose to $101 in 2022, showing a growth rate of 13,000%.
It has a current market capitalization of 12.7 billion USD and a price of $37.3. Additionally, the SOL coin is predicted to climb by over 440 percent in 2022, reaching over $450 per token, according to Solana’s price projection and estimate.
Charlie Lee, a former crypto exchange Coinbase software developer founded Litecoin in 2011.
It was one of the first cryptocurrencies to use Bitcoin’s code as a model. Despite its resemblance to Bitcoin, it was created to have a speedier confirmation time for transactions. It can pay people all over the world with no third party to act as a middleman. “Silver to Bitcoin’s gold,” as LTC often referred to it.
Presently, it is the 20th largest cryptocurrency in the world, with a market capitalization of 4 billion USD and a price of $57 as of June 2022.
8. Polygon Matic
Sandeep Nailwal founded Polygon in 2017 which is now one of the top 20 cryptocurrencies globally. Another key point, Polygon Matic was created to address issues regarding high transaction costs on Ethereum.
With a market capitalization of about 4.7 billion USD and a price of $6.0 as of June 2022, it is one of the booming cryptocurrencies to invest in. While some are skeptical about investing in it, it has benefited others.
All in all, the network has around 7,000 distributed apps operating on it, which is a bonus. The sheer number of DApps it supports should ensure that the platform remains relevant for a long time.
9. Binance coin
Changpeng Zhao, former CTO of OKcoin founded Binance coin, one of the largest cryptocurrencies in the world in 2017. As a teenager, he pitched in to cover household expenses by working night shifts at gas stations and has come a long way. The question must rise in your mind what is BNB?
Binance Smart Chain, Binance coin’s blockchain can be utilized for trading, payment processing, and even organizing trip reservations. It can also be exchanged or traded for other cryptocurrencies like Ethereum or Bitcoin.
From $0.10 in 2017 to $413 in March 2022, there occurred a gain of approximately 410,000%. It is now one of the largest exchanges in terms of the trading volume of cryptocurrencies. In essence, making it into this list of top 12 cryptocurrencies to invest in!
Hayden Adams, a former Siemens mechanical engineer founded Uniswap in the year 2018. It is mostly known for its famous decentralized exchange which allows users to purchase and sell digital currencies with no third-party intermediary. Since then, Uniswap has expanded its business strategy by launching an online marketplace that integrates NFTs with the metaverse. Not only will this be a unique crypto trading experience, but buyers and sellers will trade in a decentralized manner thanks to the Uniswap network.
According to Uniswap price estimates, the coin may soon reach $18. As a result, the token now has a purchasing price that is over 60% lower. It has a market capitalization of around 3.5 billion USD and a price of $4.83 as of June 2022.
Emin Gun, heading AVA Labs founded Avalanche in 2018. Its working is like Ethereum, but it has unique characteristics, including scalability and higher transaction outputs. Consequently, making it a valuable cryptocurrency to invest in.
It acts as a layer of blockchain networks and Dapps. Further, it currently has a market capitalization of 6.3 million USD and a price of $22. From July 2020 to April 2022, its price has risen over 2,000%, from $4 to $98.
12. Defi coin
Rune Christensen founded Defi coin in 2015. DEFC is the native cryptocurrency of the DeFi Swap exchange, which runs on the Binance Smart Chain (BSC). The DEFC currency had an exponential price spike after DeFi Swaps DEX (decentralized exchange) went online in early May 2022.
Presently in May 2022, the DeFi Coin delivered a 5x return, trading from $0.1 to $0.5. According to the whitepaper for the DeFi Coin, the token will play a significant role in assisting DeFi Swap in achieving its decentralized aims.
Furthermore, DEFC tokens will be crucial for the DeFi Swap exchange by providing many functionalities as an exchange currency for users on a wallet-to-wallet basis. It has a market capitalization of 3 million USD and a price of $0.3 as of June 2022. It is one of the major cryptocurrencies to emerge into popularity soon.Also go through Cryptocurrency Books to completely understand best books on cryptocurrency for beginners.
All things considered, investments always carry along risks. However, logical and analyzed investments can lead to high profits in the long run. There are many other cryptocurrencies out there that have the potential to give high returns in the future and now you know the top 12 that are most likely to!