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Now is the best time to invest in some of the cryptocurrencies. Slowly and steadily, cryptocurrencies have made their way into several world industries.
Today, there are plenty of businesses that are accepting cryptocurrencies as payment. For instance, TheBingoOnline.com is one of them.
Cryptocurrencies also make a crucial part of your investment portfolio. By investing in the right cryptocurrencies, you can make yourself rich.
In this post, we will introduce you to the top cryptocurrencies that are worth investing in in 2022. Here is a brief rundown:
1. Bitcoin (BTC)
Bitcoin is arguably the king of crypto. It is one of the very first cryptocurrencies that came into existence. It was founded in 2009 by Satoshi Nakamoto and since then it has become popular worldwide.
Bitcoin is often used as a synonym for cryptocurrency. This shows how successful it has become in the last decade. Like other cryptos, BTC is also based on blockchain that is distributed across a network of thousands of computers.
Bitcoin charges lower fees than conventional payment methods. It is a decentralized system that is not under the control of any government or commodity. You should check out the Top 15 Bitcoin Casino and Cryptocurrency Gambling Sites to start trading cryptos.
2. Ethereum (ETH)
Ethereum is yet another successful crypto that is worth investing in future. It was introduced in 2013 by a programmer named VitalikButerin.
Ethereum is a database of information that is practically unhackable. ETH or Ether is the native cryptocurrency of the platform and is used for carrying out transactions on the blockchain.
Ethereum stands second to Bitcoin in the market. Its value is continuously increasing which makes it investment-worthy.
3. Dogecoin (DOGE)
Dogecoin is a crypto that was created as a joke, but it turned out to be a hit. The value of Doge is believed to increase in the upcoming years.
Dogecoin is created by two software engineers named Jackson Palmer and Billy Markus. They created it as a mocking payment system for fun.
However, Dogecoin gained a solid reputation after Elon Musk, the CEO of Tesla Motors tweeted about it on his Twitter handle. Since then many influential people, including celebrities have shown interest in Dogecoin.
All this has increased the valuation of Doge in the market. People investing in Doge are relying on headlines from celebrity hype.
4. Cardano (ADA)
Cardano is a decentralised and open-source cryptocurrency. It is a public chain platform that facilitates peer-to-peer transactions with its native token ADA.
This cryptocurrency was conceived in 2015 by Charles Hoskinson, the co-founder of Ethereum. Cardano enables decentralised applications and smart contracts that are powered by ADA.
In recent years, ADA’s value has had modest growth. It is believed that the coin will rise in value in the future.
5. Tether (USDT)
Tether was originally called “Realcoin.” It was founded in 2014 by Craig Sellars, Brock Pierce, and Reeve Collins. It is stable coin crypto that aims to keep a fixed 1:1 exchange ratio with the U.S. dollar.
It is useful in avoiding the extreme volatility of other cryptocurrencies. This is one of the reasons it is popular among crypto investors.
Furthermore, owning USDT eliminates delays and transaction fees that affect trade execution within the crypto market.
6. Binance Coin (BNB)
Binance is a utility token used for discounted trading fees. It was conceived in 2017 and since then it has expanded its functionality to several applications.
Today, BNB is used for travel bookings, payments for transaction fees, financial services, online services, and even entertainment.
Binance has become popular because it offers the lowest transaction fees in the world. Lots of users buy BNB as it charges only 0.1% to execute trading.
7. Solana (SOL)
Solana is a public blockchain platform that was founded in 2018. It was designed to help boost decentralised apps (DApps), decentralized finance (DeFi) uses, and smart contracts.
It utilises a unique proof-of-history and hybrid proof-of-stake mechanisms to process transactions safely and quickly.
Solana is considered to be a potential rival for Ethereum. This is because it can also run smart contracts like Ethereum. Also, it is faster than the Ethereumblockchain in terms of handling transactions.
Final Words
The crypto market is indeed a volatile one. In the past, it has been through rocky times as well. But that doesn’t invalidate the fact that some cryptos will stand the test of time.
The cryptos mentioned in the post are the most successful ones among the rest. If you want to generate profit and improve your investment portfolio, you should invest in these cryptocurrencies.
