by Aratrika Dutta
January 13, 2022
These top 10 cryptocurrencies are potentially doing well and the best trades in the cryptomarket for 2022
From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of cryptocurrencies, which can make it overwhelming for new traders to curate a safe investment strategy. For investors, it is imperative to examine cryptocurrencies from several perspectives, including that of investors, banks, and governments, to consider the fundamental stability of these digital currencies. It is quite evident that cryptocurrencies are an important and rising element in today’s digital economy. So, here we have listed the top 10 cryptocurrencies according to fintech experts that investors can buy in 2022.
Bitcoin
Current Price: US$43,554.72
Market Cap: US$824B
Bitcoin was created in 2009 by Satoshi Nakamoto and runs a blockchain or a ledger logging transaction distributed across a network of thousands of computers. Bitcoin is one of the top cryptocurrencies to be bought in 2022 and it is one of the top 10 cryptocurrencies to buy. According to experts, you can enjoy a big profit by investing in BTC.
Ethereum
Current Price: US$3,333.76
Market Cap: US$397.06 B
Ethereum is a platform that allows you to create online contracts as people can use Ether as their currency for the contacts. ETH is known for its smart contracts itself. It has experienced tremendous growth of about 42,000% this year. It is also one of the top cryptocurrencies to buy in 2022 for huge profits.
Cardano
Current Price: US$1.30
Market Cap: US$43.78 B
Cardano is well known for its early embrace of proof-of-stake validation. Its method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, and problem-solving aspect of transaction verification present in platforms such as Bitcoin’s. ADA has grown over 7,850% this year and is also expected to grow next year.
Tether
Current Price: US$1.00
Market Cap: US$$73.32 B
Unlike other top cryptocurrencies, Tether is a stablecoin that is backed by fiat currencies like the U.S dollar and Euro and hypothetically keeps a value equal to one of those denominations. Since it is a stablecoin, it doesn’t have any fluctuations in the highly volatile cryptocurrency market.
Binance Coin
Current Price: US$531.21
Market Cap: US$88.56 B
Binance Coin is developed and marketed by Binance exchange. Even though it is originally based on ETH, now it has its Binance chain. BNB is used as a utility token to pay for trading fees and transactions at a lower price. It can be traded and exchanged for other forms of top 10 cryptocurrencies such as Ethereum or Bitcoin.
U.S. Dollar Coin
Current Price: US$0.9995
Market Cap: US$44.86 B
Like Tether, USD is a stablecoin that is backed up by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by ETH and can use USD Coins to complete global transactions. This is one of the top cryptocurrencies to buy in 2022.
XRP
Current Price: US$0.7891
Market Cap: US$37.39 B
Created by the same founders as Ripple which is a digital technology and payment processing company. XRP can be used on that network to facilitate exchanges of different currency types of top cryptocurrencies such as BTC, ETH, DOGE, and many more. This cryptocurrency witnessed a spike in November. It is one of the top cryptocurrencies to buy in 2022.
Litecoin
Current Price: US$139.85
Market Cap: US$9.30 B
Litecoin has a maximum of 84 million coins which is four times as many as Bitcoin. While coming to the block generation time of Litecoin is about 2.5 minutes per block with this speed transactions are confirmed more easily and quickly than that of Bitcoin’s network which takes about 10 minutes to confirm the transactions. This is one of the top cryptocurrencies to buy in 2022.
Polkadot
Current Price: US$26.71
Market Cap: US$26.67 B
Cryptocurrencies may use any number of blockchains aimed to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together. Even though the coin was launched in 2020, it has grown about 1,300% until November. This is one of the top cryptocurrencies to buy in 2022.
Dogecoin
Current Price: US$0.1661
Market Cap: US$21.16 B
Though Dogecoin was created as a joke initially, it has gained a lot of attention these days, and all thanks to Elon Musk for this. It has become a prominent cryptocurrency option. Unlike many other cryptos such as BTC, there is no limit on the number of Dogecoin that can be created and has witnessed a spike of about 110,000% increases in 2021.
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