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Top 10 Cryptocurrencies in January 2022: A Musk-Know Thread

Top 10 Cryptocurrencies in January 2022: A Musk-Know Thread
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Cryptocurrencies are the most popular topic that is spoken everywhere around the world

Cryptocurrencies are gaining a lot of popularity these days. Cryptocurrency is a type of payment used to exchange products and services over the Internet. Cryptocurrencies are the most popular topic all over the world these days. These coins have always been intended to resist government exploitation and control, although this essential feature of the industry has come under criticism as its popularity has grown. Several major technology companies such as Apple, Google, Samsung, Facebook, PayPal and Deutsche Bank have recently included cryptocurrencies in their long-term strategic plans. The cryptocurrency market is booming with thousands of cryptocurrencies like Bitcoin, Ethereum, and more. This article contains the top 10 cryptocurrencies to buy in January 2022.

Bitcoin

The first-ever digital currency continues to top the cryptocurrency charts, although its dominance is waning a bit. A year ago, Bitcoin had a market capitalization of around $550 billion, representing more than 60% of the total cryptocurrency market. Today, with a market cap of close to $1 trillion, Bitcoin makes up only about 40% of the total market. It is one of the best cryptocurrencies to buy in January 2022.

Ethereum

As the second largest cryptocurrency, Ethereum has been gaining a lot of momentum recently. 2021 was a critical factor for the network as it demonstrated how useful the capabilities of a real-world smart contract with things like non-fungible tokens can be.

Solana

Solana is a public blockchain platform that achieves consensus using the Proof of Stake mechanism. Its internal cryptocurrency is SOL. Anyone who wants to build decentralized applications (dApps) that they have built on the Ethereum network. It is one of the best cryptocurrencies to buy in January 2022.

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Polkadot is one of the most popular cryptocurrencies in the market. One of the main differences between Polkadot and other coins is the lower fees and higher speeds offered by the Polkadot Network compared to other cryptocurrencies.

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Tether is a Layer 2 cryptocurrency token built on top of the Bitcoin blockchain using the Omni platform, later renamed USTether, and finally USDT. It is one of the best cryptocurrencies to buy in January 2022.

Cardano

After some time in the cryptocurrency market, Cardano appeared who is now known for adopting Proof of Stake. This transaction time method reduces energy usage as well as environmental impacts through the easy problem-solving aspects of platforms like Bitcoin. Cardano is also as useful as Ethereum in enabling smart contracts and decentralized applications that are powered by ADA.

Binance coin

Binance coin is a form of cryptocurrency used to trade and pay fees on Binance, one of the largest cryptocurrency exchanges in the world. The coin was launched in 2017 and was used for trading, payment processing or even booking travel arrangements. One can trade Binance Coin and exchange it for other cryptocurrencies. It is one of the best cryptocurrencies to buy in January 2022.

Dogecoin

Dogecoin is a cryptocurrency created by software engineers Billy Marcus and Jackson Palmer. They decided to create a payment system as a joke, as they ridiculed the unbridled speculation of cryptocurrencies at the time. Despite its sarcastic nature, some consider it a legitimate investment opportunity.

USD . coin

USD Coin is another stablecoin linked to the US dollar. USDC has tried to position itself as a more transparent project than Tether but still faces questions like how is the coin being supported? It is one of the best cryptocurrencies to buy in January 2022.

Tera

Terra is a global digital payment system based on something called stable algorithms. These currencies are linked to different (traditional) fiat currencies, such as the US dollar or the euro, and the LUNA token is part of the mechanism that keeps prices stable.

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