Planning to secure your liquid assets against the current inflation and economic slowdown by investing in trading bots? We simplify the process by highlighting some of the best cryptocurrencies worth investing in 2022.
As a beginner, you may find the task of choosing the best crypto a little bit confusing. The market is flooded with more than 20,000 cryptocurrencies. So picking the correct one can be a puzzling and discouraging job for a beginner.
Whether you use cryptocurrencies to make purchases or consider them assets for long-term investment, you must choose the right digital currency to ensure a satisfactory return. Even though volatility and the sudden freefall in value make virtual currencies a risky investment, you can protect yourself from such odds by investing your money in the right currency.
The cryptocurrencies we have listed below are among the best in the market.
1. Bitcoin – BTC
Bitcoin is the top-ranked cryptocurrency in the world today. Even though Bitcoin is the most expensive crypto to invest in today, it is less volatile and secure than other cryptocurrencies. If you look at the market value of a single BTC in the last couple of months, you will find its value hovering between USD18 000 and USD22 000.
The digital currency reached the USD 60,000 mark in 2021. According to some market experts, the market value of a single BTS can reach USD75,000 soon. So, if you are looking for the best currency for long-term investment, Bitcoin can be a good choice. Looking for a trustable platform to trade Bitcoin.
2. Ethereum – ETH
Ethereum allows developers to generate new cryptocurrencies and install smart contracts. Although the market value of ETH is far less than the industry leader Bitcoin, it is far ahead of its competitors in the field. ETH is the second most valuable crypto in the market and can be a good pot to invest in.
ETH has the potential to beat the odds and become a good currency to invest in. Despite being a part of a highly volatile market, ETH has proved its worth. The digital currency has witnessed a tremendous surge in its value between the timeframe of 2016 and 2022. In the beginning, the value of a single ETH was USD 10, which has gone past USD 3,500 in 2022. So, ETH is a good choice for investment for long-term perspective.
3. Binance Coin – BNB
BNB is another feasible option to invest in. You can use BNB coin for investment, payments and travel booking.
The value of a BNB token has plunged below USD 410. Even though the current value of BNB is around USD 240, its past performance may encourage you to pick BNB as a stable investment option. Also, you can exchange BNB coins for other cryptocurrencies like Bitcoin or Ethereum in the market.
4. Solana – SOL
Solana, popular as the Ethereum beater, is an open-source project using a blockchain network to deliver decentralized economic solutions. Solana is promising crypto in the market and has made noticeable progress in its value in the last couple of years.
The value of an SOL token has increased by 450% in 2022 and reached the USD 450. SOL’s latest record is fairlystriking, and it can be a first-rateoption for investment in 2022.
5. Cardano – ADA
Developed on a fast-growing blockchain network, Cardano is known for its capability to re-distributing control from an inexplicable framework to the margins. Even though the value of ADA is as low as USD 0.48, investing in Cardano today can be a good decision.
This is because Cardano is very open and promotes a welcoming environment for all. As a new investor, you will face no obstacle to trading ADA. All you need to become a Cardano investor is some short of money. Many experts predict the value of the Cardano token will flourish in the coming days.
Conclusion Crypto investments are lucrative and profitable, if you plan your investment strategy aptly. With the right knowledge of crypto market, you will make the right decision. Cryptocurrency investment is subject to risks and volatility, so we suggest you research well before investing your hard-earned money in the crypto market in 2022.