Best Cryptocurrency Exchange Fees

Best Cryptocurrency to Invest in 2022 for Long-term Investments

Best Cryptocurrency to Invest in 2022 for Long-term Investments
Written by publisher team

cThe ryptocurrency continues its global rise to prominence, with more and more investors viewing it as a useful part of their portfolios.

After the failed initial cryptocurrency ICOs in 2017 and 2018 that frightened early users, there has been an upsurge in momentum recently with two new tools – NFTs and DeFi.

And as we look to 2022, there are a variety of products that could reap a good return.

Bitcoin

Probably the most popular cryptocurrency, Bitcoin is now in its thirteenth year after its launch in 2009.

It is the largest cryptocurrency in the world by market capitalization, and it is traded using software based on blockchain technology, a decentralized database that runs on more than 15,000 computers (nodes) around the world and records transactions and account balances.

Its robustness and time-tested condition ensure that Bitcoin will remain popular in 2022.

Ethereum

Historically, behind Bitcoin in the cryptocurrency stakes, 2022 could be the year Ethereum begins its climb to the top.

It dominates financial transactions and payments across all sectors, as well as providing the infrastructure for most of the DeFi protocols, and as such has an actual function in addition to just keeping value.

It represents about 20 percent of the total market.

Solana

In terms of “altcoins”, Solana, which recently dropped by 12%, presents itself as a better investment option as it seeks to create a new smart contract network to compete with Ethereum.

It was launched in 2020 and is still relatively new, however it is already starting to gain an increasing share of the market.

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Polkadot is very similar to Ethereum in allowing developers to create smart contracts and applications. From a jobs standpoint, it could grow a lot over the next year.

Binance coin

The cryptocurrency of the largest exchange in the world could achieve significant growth during 2022, as long as it is easier and cheaper to deal with Binance crypto, there will be more movement in the market, which may affect the trading price.

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