Some of the best cryptocurrencies to buy in 2022. Cryptocurrencies have been called the future of money, and some people believe that almost all financial transactions will be carried out using blockchain-based currencies. Others are more skeptical, believing that cryptocurrencies will remain niche products used primarily by people who value privacy over everything else.Â
Whatever the case may be, itâ€™s clear that the cryptocurrency market is poised to become much bigger over the coming years than it has been in the past decade or so, making it an ideal time to get involved with cryptocurrencies if you havenâ€™t done so already. You can also learn How to Make Money from Crypto Currency.
Best Cryptocurrency Investments for 2022
Investing in cryptocurrency can be a complicated process, but following these five steps can help you with the process.
- Download a wallet.
- Purchase Bitcoin or Ethereum.
- Transfer your Bitcoin or Ethereum to exchange and convert it into the currency of your choice, such as Litecoin or Ripple.
- Find out which exchanges are currently trading your desired currency.
- Set up an account on the chosen exchange and transfer funds from your digital wallet to the account on that exchange.
- Once funded, go back to the homepage for the exchange and locate where you want to purchase currency by clicking Buy/Sell next to a particular coin.
- After clicking Buy/Sell select how much money you want to spend on each trade (e.g., $10).
- Click the number of coins you want to purchase (e.g., 10) then click the price per unit (e.g., $0.30). I. Enter your email address so that they know who made the transaction and click Next.
- Fill in any other necessary information like your phone number, name, address, etc.; confirm all details; enter your two-factor authentication code, and click Next again until you reach a confirmation page where it asks if you want to proceed with this transaction
- If you’re happy with all of your information, click Confirm and complete the trade. If not, cancel the trade and make changes before confirming.
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1. Bitcoin (BTC)
Bitcoin, the first cryptocurrency ever created has been the standard bearer for the industry. It is used as a global currency and can be converted into other currencies or goods. Based on market capitalization, Bitcoin is currently (as of January 2022) ranked #1, with a value of over $390 billion. Bitcoin offers an attractive mix of stability and growth as an investment. Its limited supply of 21 million coins makes it unlikely that inflation will erode its value too significantly.
2. Ethereum (ETH)
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform.
ETH’s price has risen over 1000% since the beginning of 2017 and it trades on many exchanges including Bitfinex, GDAX, Kraken, Coinbase and Gemini. It is a distributed ledger technology (DLT) which was invented by Vitalik Buterin and launched on 30 July 2015.
3. Litecoin (LTC)
Litecoin is a cryptocurrency that was created by Charlie Lee, an MIT graduate, and one of the original members of Google’s engineering team. Litecoin has a block time of 2.5 minutes and is based on the Bitcoin Core codebase. It is meant to be used as both a digital currency and as an alternative payment system.
4. Dash (DASH)
Dash, formerly known as Darkcoin, is a cryptocurrency that offers users both privacy and speed. Built on the Bitcoin and Litecoin code, Dash’s ultimate goal is to be the most user-friendly and scalable cryptocurrency in the world. It accomplishes this by combining a two-tier architecture.
The first tier consists of miners who secure the network and confirm transactions, while the second tier consists of masternodes that provide services such as instant transactions and privacy.
5. Monero (XMR)
Monero, a cryptocurrency that was made for anonymity and privacy, is one of the best coins to invest in. Monero is also one of the better-known altcoins, which are being developed as a result of Bitcoinâ€™s shortcomings.
Monero has a higher level of security than Bitcoin because itâ€™s more private; itâ€™s designed so that your transactions cannot be traced back to you.
6. Zcash (ZEC)
Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions.
Zcash transactions can be fully encrypted, so that users can transfer ZEC (the native cryptocurrency of the Zcash blockchain) anonymously. These transactions are published on a public blockchain, but details such as the sender, recipient, and transaction amount remain private.
Zcash began in 2016 with a founding team made up of academics specializing in cryptography and security. The company is based out of Switzerland.
7. Ripple (XRP)
Ripple is a global real-time settlement network that offers instant, certain, and low-cost international payments. It has built-in support for currency exchange and remittance along with integration for several major banks.
Ripple has also been working to improve its digital asset XRP. The company has partnered with such giants as American Express and Banco Santander and announced pilots with other financial institutions like Standard Chartered.
8. IOTA (MIOTA)
IOTA is a public distributed ledger that stores transactions for the Internet of Things (IoT). The IOAt is designed to work with connected devices and sensors, and can handle up to 1,000 transactions per second.
IOTA enables companies to explore new business-to-business models by making every technological resource a potential service that can be traded on an open market in real time without any fees.
Read Also: Can a Bitcoin Wallet Be Hacked?
Which cryptocurrency should I invest in 2022?
Currently, Bitcoin is the most popular cryptocurrency. However, some experts say that by 2025 it will be surpassed by Ethereum and other altcoins.Â
Ethereum is a blockchain-based platform that enables smart contracts and decentralized applications to be built and run without any downtime, fraud, or third-party interference.
You can also create your own cryptocurrency on Ethereum. This helps with both marketing and fundraising for your ICOs and again you can go for Augur. Augur is an open-source prediction market platform built on the Ethereum blockchain.
Which crypto has best future?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. The Ethereum Platform was originally proposed in 2013 by Vitalik Buterin. It went live on 30 July 2015 with 11.9 million coins premined. This accounts for about 13% of the total circulating supply today.
Cryptocurrency is a very volatile market, so it can be difficult to predict which ones will do well. However, there are several coins worth keeping an eye on for the next few years. For example, Stellar (XLM) may be worth investing in if you’re looking for a coin that’s stable but still has some growth potential.