What is the top 5 Best Cryptocurrency to Invest In 2022?
- Bitcoin (BTC
- Ethereum (ETH)
- Avalanche (AVAX)
- Binance (BNB, BSC)
- Solana (SOL)
These will be the top 5 cryptocurrencies when the curtain closes on 2022.
Section 1: Introduction
In the past, the most significant cryptocurrency was bitcoin, launched in 2009. BTC was the first and still is the largest cryptocurrency in the world. Cryptocurrency trumps the dollar, a fiat currency, a widely accepted and abused currency.
The same does not apply to Bitcoin and Ethereum. The US central bank has no right to devalue its currency by increasing the number of dollars and euros in circulation. But this is what they do.
Unlike dollars or euros, Bitcoin and Ethereum have the value set by the people.
It is a good investment if a cryptocurrency appreciates due to a talented team. If it depreciates and has a talented team, the best plan is to wait, and it is not a bad investment. It just needs more time to grow.
Section 2: A Comparison with USD
According to Blockchain.com Explorer | BTC | ETH | BCH, there are 80.5 million bitcoins, which is around $4.83 trillion. With this much money in circulation, this does not look like a decentralized currency.
Bitcoin (BTC) – Greatest Of All Time
Where to begin with Bitcoin (BTC)? It’s been quite the year for this cryptocurrency. BTC began 2018 at about $1200 per coin. Fast forward to November 2022. And BTC was trading at $64400 per coin.
Bitcoin took this year’s top spot due to a market correction. Bitcoin began the year so incredibly undervalued that many analysts saw it as an unignorable investment. After last year’s surge, many major financial news outlets labelled BTC a bubble. And for a while there, it was hard to disagree.
However, things changed rather rapidly. Experts now believe that BTC is now a low-risk investment. Several financial institutions have even begun providing BTC to their customers.
The cryptocurrency industry is about to grow even more in 2022.
Market Cap: $496.949 Billion
ETH’s relative infancy compared to its rival Bitcoin means that it is ready to follow in Bitcoin’s footsteps. The development team recently introduced the second-gen, ETH 2, complete with smart contracts, which has considerably increased the reliability and speed of the blockchain and promises to reduce gas fees significantly. The token markets are booming as Ethereum has some of the most significant operations, like in gaming retail. For example, PokerStars took out an offer with 20 million tokens sold in 3 minutes.
Another leading cryptocurrency is Avalanche, an Ethereum-based token gaining momentum fast. Like its major rivals. The blockchain makes digital currency with cryptographic security and breakneck transaction speeds.
However, Avalanche is distinct in that it was the first project to produce a working functioning prototype of a giant cryptographic puzzle.
Another major strength of Avalanche is its team, which has a majority of individuals with experience in the blockchain industry, with the most prominent investors in the crypto space backing it.
It shouldn’t come as a surprise, given Avalanche has been designed to be an ecosystem of decentralized applications. As such, the decentralized application releases its Avalanche Coin (AVAX), an Ethereum token.
Here’s why you should buy a cryptocurrency like Avalanche, the likelihood of Avalanche reaching the price of ETH is highly likely. It could mean newly minted AVAX millionaires in 2022.
Binance (BNB, BSC)
Binance is an exchange that offers a unique user experience. They have four cryptocurrencies support options: cryptocurrency trading, fiat trading, foreign exchange trading, and mobile trading.
BNB charges the lowest commission out of the rest, and its algorithm has a low trading volume. It’s not the cheapest to open an account, but their exchange platform is user-friendly and instant. With each BNB / BSC coin reaching over $600 in value in 2023 from under $50, investors are adding this one to their portfolios as quickly as they can buy it.
Solana (SOL) – New Crypto
Solana is a small cryptocurrency with the best privacy features and has a decentralized network that has transaction or gas fees that are barely noticeable. Traders on the Solana network pay pennies compared to hundreds of dollars on the Ethereum Network. It has the highest network hash rate and has been the most valuable coin for the past week. It is now the first viable cryptocurrencies to implement the Lightning Network. Solana has a large community and many developers.
The “world’s first Internet of Things blockchain,” was launched recently by a developer team known as HIVE Blockchain Technologies. A subsidiary of HIVE, Solana makes a built-in secure blockchain to support intelligent contract operations in the internet of things (IoT) and robotics.
Solana is similar to the approach taken by Ethereum. Solana intelligent contracts can also manage limited aspects of IoT. It makes Solana attractive for use cases with a high potential for scalability. The market for smart contracts is projected to be about $345 million by 2026.
I hope you can capitalize on the worldwide financial system’s transformation. This article is on the future of cryptocurrency and why you should invest in it. Along with what I believe are the top 5 cryptocurrencies by the end of 2022, transition to market domination in the coming years.
When you are ready to get your feet wet and possibly change your financial future, consider trading at one of the most trusted and secure exchanges in the cryptocurrencies ecosystem. I use each one and recommend them to beginners and crypto veterans alike.
Uniswap – Decentralized swapping, coin listing, liquidity pools, and decentralized finance on the Ethereum Network
Pancake Swap – Decentralized swapping, coin listing, liquidity pools, and decentralized finance on the Binance Network
Pemex- 100x futures, margin, traditional trading, and interesting earning staking with many perks, bonuses and giveaways
You have what it takes to win; now, take winning action.
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Crucially, I think the younger you are, the more likely you will get it.
Disclosure: I am/we are long AVAX.
I wrote this article myself, and it expresses my own opinions.