Cryptocurrencies have gained immense popularity as investment assets. If you’re looking to invest in digital currencies and maximize your returns, it’s crucial to stay updated with the best options. Crypto traders are driven to digital currency for various reasons, including the ability to act as a store of wealth, a beneficial portfolio item, and a direct form of payment. Unlike gold, which offers similar advantages, cryptocurrency is simpler to store, move, and trade.
However, in the epidemic era, there has been some irresponsible crypto speculation, and digital asset fraud reached an all-time high in 2021. Crypto, on the other hand, is rapidly becoming more widespread, and while regulation is a risk, it’s also one of the largest bull cases, as strict standards legitimize digital assets from governments throughout the world. In this blog, we present a comprehensive guide to the top cryptocurrencies worth considering for your investment portfolio in 2022.
A comprehensive guide to the top cryptocurrencies:
1) Bitcoin
BTC has about $882 billion in market capitalization.
Bitcoin (BTC) is the first cryptocurrency created in 2009 under the pseudonym Satoshi Nakamoto. Bitcoin, the pioneering cryptocurrency, continues to dominate the market. With its strong network and wide adoption, Bitcoin remains a solid investment choice for 2022. BTC, like most cryptocurrencies, is based on a blockchain, which is a distributed ledger that logs transactions across a network of thousands of computers. Bitcoin is maintained secure and safe from fraudsters because updates to the distributed ledgers must be confirmed by solving a cryptographic problem, a process known as proof of work. According to a report, Bitcoin’s value has soared as it has grown in popularity. The price of a single Bitcoin was above $46,000 on January 3, 2022. This equates to a 9,200% increase.
2) Ethereum
ETH has a market capitalization of about $447 billion.
Ethereum, the second-largest cryptocurrency, has witnessed exponential growth due to its smart contract capabilities. Its blockchain platform is the foundation for numerous decentralize applications (dApps) and the booming NFT market. Ethereum is a favorite of programmers because of its potential applications, such as smart contracts that run automatically when conditions is satisfactory and non-fungible tokens. Ethereum is both a cryptocurrency and a blockchain platform (NFTs). Its price increased by approximately 33,500 percent from April 2016 to January 2022, from around $11 to $3,700.
3) Binance Coin
BNB has about $86 billion in market capitalization.
Binance Coin is a cryptocurrency that may be is in use to trade and pay fees on Binance. Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the largest crypto exchanges globally. BNB’s utility extends beyond trading fees, as it powers the Binance Smart Chain (BSC). It is one of the world’s largest cryptocurrency exchanges. Binance Coin has grown beyond simply conducting deals on Binance’s exchange platform since its introduction in 2017. It can be used for trade, payment processing, and even travel reservations. Nevertheless, it can be exchanged or traded for other cryptocurrencies like Ethereum or Bitcoin. On January 3, 2022, it climbed to roughly $520, a gain of around 520,000 percent.
4) Cardano
ADA HAS ABOUT $44 billion in market capitalization.
Cardano is eminent for being one of the first crypto projects that use proof-of-stake validation. Cardano (ADA) aims to provide a secure and scalable platform for decentralized applications and smart contracts. Its unique approach to blockchain technology, built on peer-reviewed research, has gained attention from investors. By removing 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 in that it uses ADA, its native coin, to enable smart contracts and decentralized apps. Cardano’s ADA token has grown slowly compared to other prominent crypto coins. The price of ADA in 2017 was $0.02 increasing to $1.34 as of January 3, 2022.
5) Solana
The current market capitalization of Solana is $8.43B.
Solana (SOL) is a high-performance blockchain platform known for its fast transaction processing and low fees. Its scalable infrastructure and support for decentralized applications have contributed to its popularity among developers and investors alike. With a strong community and an expanding ecosystem, SOL exhibits strong growth potential in 2022.
Choosing the right cryptocurrencies to invest in can be challenging, given the volatile nature of the market. Considering thousands of cryptocurrencies in existence, it is logical that an individual wants to diversify his/her crypto investments. So, If one is looking for a trusted broker with a wide range of cryptocurrencies to trade then PFH Markets is one of the best options. The traders may buy and sell cryptocurrency more easily and seamlessly with PFH Markets.
