Top 10 Cryptocurrency Investments in 2022
Cryptocurrency to invest in 2022, what is the trend? Amid the rising trend of digital asset investments that will push the cryptocurrency market cap in 2021 to a new high of $2.8 trillion from just $800 billion at the beginning of the year with the advent of traditional finance Decentralized Finance with more coins ready to change its face So will the popular coins of 2021 keep the momentum going? What new coins will there be? They are strong and worth watching. We’ll take you all to explore the cryptocurrency trends that are worth investing in 2022.
- Bitcoin (BTC)
from the nickname commonly known as Bitcoin ‘digital gold’ was developed from claimant Satoshi Nakamoto who released the paper in 2008 and coined it in 2009 with the initial goal of using blockchain technology to create a decentralized currency that can maintain value and Transactions are carried out by eliminating intermediaries such as banks. The result is the first crypto-currency network to be put into more and more extensive trials, today, Bitcoin remains the coin with the largest user network and the highest market capitalization at 93 billion US dollar
- Ethereum (ETH)
The highlight of Ethereum is its massive network of users that makes it difficult to attack externally. Smart contract support that can be further developed but this feature turned into a disadvantage that a large number of applications drove the cost of gas to be unbearably higher. Despite the developers’ efforts to resolve this issue, Ethereum is currently the second most valuable coin at $460 billion, with DigitalCoin looking at an average price next year of $6,380 and possibly rising to $16,858 in 2028. Wallet Investors see the price may soar past $10,000 by the end of 2022.
- Solana (SOL)
Due to the high gas cost of Ethereum in 2020, the development project of Solana’s two founders Anatoly Yakovenko and Greg Fitzgerald is known as Ethereum’s Killer. Dapp development is no different from Ethereum, but it can be used for a much lower fee (around $0.01 per transaction) and supports more than 50,000 transactions per second. Solana currently has the 5th largest market cap with a market cap of $59,000 million. Solana Coin has been listed on Binance’s exchanges since April 2020, and thanks to its accessible fee, Solana is a top choice for the project. DeFi-NFT-Web3 leading to increased demand for applications this is the main factor driving the Solana price higher. Since early 2021 Solana has been trading at $1.5 and soared to a November high of $260.06, representing an increase 17,000% before declining by industry and being one of the highest growing projects in the market for 2021.
- Cardano (ADA)
Cardano was founded in 2017 by Charles Hoskinson, the co-founder of Ethereum, steroids along with Vitalik Buterin, but with conflicting development ideas, he came up with a new project of his own model currency decentralized that can actually reach users the project builds on Bitcoin by introducing smart
Contracts to the PoS consensus network where every coin holder has the right to consensus on the network. And it’s more environmentally friendly than Bitcoin’s POW.
- Ripple (XRP)
XRP was founded by Ripple Labs, a successor to OpenCoin in 2012, with the aim of bringing blockchain technology to ease the restrictions on cross-border asset transfers that were originally hurdles for both costly and day-consuming fees. Ripple’s network allows for lower fees and transfer times as short as 3-5 seconds. Unlike other cryptocurrencies, Ripple has centralized network management by limiting consensus nodes to partners. XRP currently has the 7th highest market capitalization with $42 billion.
- Polkadot (DOT)
Polkadot was developed by Gavin Wood, former co-founder of Ethereum and Chairman of the Web3 Foundation, Robert Habermeier and Peter Czaban, with the aim of being a hub for the integration of blockchains across networks. No blockchain network is the only absolute winner. But it will be the collaboration of many networks that Dot will come in as an intermediary in it which not only transfers tokens it includes data, assets, etc. It also supports Web3 functionality.
- Dogecoin (DOGE)
The meme coin created by Billy Markus and Jackson Palmer forked off the Litecoin project in 2013, which was originally created out of fun. And it was used to motivate creators and share good information on Reddit and Twitter. But after Elon Musk tweeted that Dogecoin was his favorite coin, the Dogecoin price started to attract investors. Dogecoin is currently traded as 12th in the market with a market capitalization of $23 billion
- Uniswap (UNI)
Due to the former constraints of older crypto coins, cross-platform exchanges are time consuming and highly unstable, the Uniswap developed by Hayden Adams from 2017 has emerged as a solution to that problem. By offering liquidity for matching coin swap transactions with lower fees. And there is also a service that allows coin holders to deposit money to add liquidity to the platform by offering a return in interest at an attractive rate. In 2018, Uniswap V2 was released, developed to support more multi-channel transactions, including ERC-20, price oracles, flash swaps, and more. Uniswap currently ranks 18th by market cap with a value of $12 billion.
- Litecoin (LTC)
If Bitcoin is digital gold, then Bitcoin-inspired Litecoin calls itself. It aims to develop a digital coin that eliminates the financial intermediary like Bitcoin, but needs to handle more transaction volumes and take faster working lightly. Former Google employee Charlie Lee created Litecoin based on Bitcoin’s engineering base, but with a lower block time (2.5 minutes) and much lower fees.
- Bitcoin Cash (BCH)
When talking about coins developed from Bitcoin and not talking about Bitcoin Cash is like an understatement because Bitcoin Cash is another coin created to support the need for Peer-to-Peer money transfer transactions cut off financial intermediaries But due to Bitcoin transaction support issues resulting in disagreement among users and developers, in 2017 Bitcoin Cash was hard forked out of Bitcoin and existing Bitcoin holders would also own Bitcoin Cash.