December 21, 2021
If you are planning to invest in cryptocurrency, there is no better time than now before the start of 2022
Half a decade ago, Bitcoin was only worth $0.4 and Ethereum didn’t even exist. But today, there is hardly anyone in this world who does not know anything about cryptocurrencies. Cryptocurrency (or “cryptocurrency”) is a digital currency that can be used to purchase goods and services but uses an online ledger with strong cryptography to secure online transactions. This makes it difficult for new traders to determine a safe investment strategy. The most popular cryptocurrency, Bitcoin, has seen volatile price movements this year, reaching nearly $65,000 in April before losing nearly half of its value in May. However, not all cryptocurrencies have the same value.
From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of cryptocurrencies in the process of being regulated today. In this article, Analytics Insight lists the top 10 cryptocurrencies to watch and invest in before the start of 2022.
One cannot start the list of top 10 cryptocurrencies without owning all of them. Bitcoin was launched in 2009 as the first digital token, and it has managed to break many records since its inception. It is a decentralized digital currency, without a single central bank or administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries.
Ethereum is a technology that is home to digital money, global payments, and applications. Ethereum is a decentralized software platform that enables smart contracts and decentralized applications (dApps) to be created and run efficiently. Among cryptocurrencies, Ether is second only to Bitcoin in terms of market capitalization.
Next in the list of top 10 cryptocurrencies to watch and invest in before the start of 2022 is Solana. The past few months have been an eventful year for Solana with its price up 17,500% since the start. Solana was the best performer in 2021, rising through the ranks of altcoins to become the fifth most valuable cryptocurrency in the world.
After maintaining a low position for a long time, Dogecoin entered the mainstream crypto market after the 2020 Bitcoin rally. Many different types of companies accept DOGE, with some of the highest caliber including SpaceX, Elon Musk and Dallas Mavericks. DOGE is used by many Dogecoin holders to guide content creators on Reddit and other social media platforms.
Cardano is a third generation cryptocurrency that integrates the hallmarks of the first generation, Bitcoin, and the second generation, Ethereum. Its platform provides an effective alternative to the standard Proof of Work (PoW) network used by Ethereum and similar tokens. It is one of the best cryptocurrencies to buy before the start of 2022.
Binance Coin (BNB) could be an excellent choice if you want to invest in a major cryptocurrency other than Bitcoin or Ethereum. Binance Coin is developed and marketed by the Binance exchange. BNB is used as an interest token to pay trading and transaction fees at a lower rate.
USD . coin
Like Tether, the US dollar is a stablecoin that is backed by the US dollar and aims at a ratio of 1 USD to 1 USD. Investors who want to explore the crypto space without excessive risk prefer a stable cryptocurrency like USD Coin. USDC is a great option for traditional investors who are looking for a low demo investment that can generate better returns than CDs.
It was created by the same founders of Ripple which is a digital technology and payment processing company. XRP can be used on that network to facilitate exchanges of different types of cryptocurrencies such as BTC, ETH, DOGE and many more. It is one of the best cryptocurrencies to buy before the start of 2022.
Litecoin is one of the best cryptocurrencies to buy before 2022 with a maximum of 84 million coins which is four times more than Bitcoin. While Litecoin has a block generation time of about 2.5 minutes per block with this speed, transactions are confirmed more easily and faster than the Bitcoin network which takes around 10 minutes to confirm transactions.
Cryptocurrencies may use any number of block chains they aim to integrate by creating a cryptocurrency network that links different block chains so that they can work together. It is estimated that the average coin price could reach $46.02 in 2022 and rise to $54.42 in 2023 and $78.2 in 2025
Share this article
Do something to share
About the author
More information about the author