by Apoorva Bellapu
January 8, 2022
The massive upsurge in the cryptocurrency market has caught everyone’s attention. No wonder the cryptocurrency market is strong enough to catch the eye, but what kind of cryptocurrency to invest in always remains an important question to be addressed. With that in mind, we’ve come up with a list of the top 10 cryptocurrencies you’ll regret not buying in January 2022. Take a look!
As it turns out, the list should begin with the first cryptocurrency in the world – Bitcoin. Since its launch, Bitcoin has experienced exponential growth. With the largest market cap, it goes without saying that Bitcoin is one of the best cryptocurrencies worth investing in.
Ethereum is ranked as the second largest cryptocurrency, and there is no doubt that Ethereum finds its place in the list of the best cryptocurrencies worth investing in. This cryptocurrency has attracted attention due to its potential applications, in particular smart contracts that are automatically executed when conditions are met.
Polkadot is another cryptocurrency that will not disappoint you at all. It is able to seamlessly connect all heterogeneous blockchain networks. There are hundreds of projects being built on the Polkadot ecosystem. There is no doubt that this digital currency is on its way to setting new records.
Cardano is that cryptocurrency that has seen an impressive growth in its value over a period of time. 2021 was no less. In addition, the fact that Cardano reduces transaction time and power consumption makes it even more worthwhile.
Operating with a combination of Proof of Stake and Proof of History mechanisms, Solana has generated huge returns for investors. One of the areas where this cryptocurrency has outperformed the rest is decentralized finance (DeFi), decentralized applications (DApps) and smart contracts – all of which sheds light on how good the investment is.
Tether, which is known to be one of the most stable cryptocurrencies, has made it a point to be a cryptocurrency for investors who do not want to take many risks. Since the value of Tether is considered to be more consistent than other cryptocurrencies, investors prefer it given how volatile the cryptocurrency market can be.
Launched by one of the world’s largest cryptocurrency exchanges – Binance, Binance Coin has expanded from simply facilitating trades on the Binance exchange to a platform where one can proceed with trading, processing payments or even booking travel arrangements. In addition, the increase in its value over the years turns out to be a reason why investing in it is worth it.
Ripple’s XRP has gained wide recognition from everywhere due to its ability to facilitate the exchange of various types of currencies, including fiat currencies and other major cryptocurrencies. Also, the rise in its value is a good enough evidence of how much potential this cryptocurrency holds.
Since this cryptocurrency was launched in 2013, there has been no return to Dogecoin. Since then, Dogecoin has grown into one of the leading cryptocurrencies in the entire cryptocurrency market. This is the reason why big companies like Dallas Mavericks, Kronos and SpaceX rely on this cryptocurrency.
Shiba Inu is a community and backer-based crypto that has the security and advanced features of the Ethereum ecosystem. In hindsight, this cryptocurrency has recorded significant growth over the past year, which underscores the fact that it represents a good potential in the coming years.
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