Top 5 Cryptocurrencies To Invest In 2022

The craze for cryptocurrencies is on the rise. As of now, digital currencies are surely not replacing traditional currency, but they are gaining noticeable popularity among people around the globe. It is safe to say that the world welcomed cryptocurrencies faster than it welcomed the internet.

The use of cryptos is rising as many big and small companies accept them as a legitimate mode of payment. Different predictions suggest that cryptocurrencies will gain immense prominence in the future, availing the use of bitcoins to one billion of its users by 2025.

Although bitcoin is not the only currency that has gained a massive user base, other cryptocurrencies are gaining rapid popularity.

To cite some instances, Ethereum has shown better and faster growth since 2019 than bitcoin. The users of DFI have increased three times of its earlier number of users since before 2021.

Are Cryptocurrencies?

Cryptocurrencies are a type of digital currency that uses cryptography for transactions and records maintenance of transactions in a decentralized network. No centralized authority like a bank or the government issues them. Cryptocurrencies have limitless potential as they support transactions of value from any part of the world.

Top 5 Cryptocurrencies To Invest In 2022

The increased popularity of cryptos is making people anxious about the future of this digital currency. As a result, many people are excited to invest in cryptocurrencies in the next year, 2022. This article will guide them with the best five cryptocurrencies that have potential growth in the future and are great to invest in 2022.

Bitcoin

The pioneer to all cryptos, Bitcoin came into being in 2009 with the hand of Satoshi Nakamoto. Bitcoin runs on a complex network called blockchain ledger technology. It uses PoW ( Proof of Work) technology to keep itself secure from frauds and forgery. The process of bitcoin production is bitcoin mining.

Bitcoin transactions do not require the users to fill up their personal information like the government-issued currency or BTC currency needs. Here are the reasons why bitcoin is best to invest in 2022:

Reasons For Investment

• The growth and popularity of bitcoin in the mainstream market make its acceptance grow every day.
• The increasing number of investors in bitcoin makes it a very profitable option to invest in.
• Macro investment is also possible using Bitcoin.
• Bitcoin offers high liquidity and immediate transactions, making it crypto worth investing in.

According to the prediction by Tim draper( a billionaire venture capitalist), the value of bitcoin will supposedly hike up to $2500000 by the end of 2022.

Ethereum

Ether( ETH) is a cryptocurrency that uses a blockchain technology-based platform called Ethereum. Ethereum enables developers a wide range of possibilities. For example, they can create a recent craze, decentralized exchanges( DEX). They can also create nonfungible tokens( NFTs) and new cryptocurrencies.

Reasons For Investment

• Ethereum is probably the only worthy opponent of bitcoin, and it offers a wide range of unique use cases.
• Ether has the potential to beat and replace bitcoin. Any dApp, or smart contract, or any product offered by Ethereum blockchain requires Ether.
• Ether surpasses Bitcoin, where bitcoin limits itself only as a stored value. On the other hand, Ether can be stored value while simultaneously being countless other things.
• Ether has maintained its rank among the top-performing cryptocurrencies since 2015.

In September of 2021, the current price of Ether was $3273.63. Some predictions show that the value may surge up to $19842 by the end of 2025.

Polkadot  

Polkadot has connected various blockchain networks to create its cryptocurrency network. It allows its developers to build smart contracts and apps.

Reasons For Investment

• In a webinar, Keith Bliss( President of Capital Markets) marked Polkadot as the competitor of Ether, and it allows many programmers to build blockchains of their own. It is also safer to use, making it a viable option for investment.
• The advanced feature of scalability in Polkadot makes it an excellent choice for investment.

In September 2021, the price of 1 DOT was $37.12. The predicted price by 2025 is $108.15.

Binance Coin

Binance coin is another cryptocurrency with great potential. It offers to trade with other cryptocurrencies such as BTC and ETH.

Reasons For Investment

• The primary use of the Binance coin was for trading. Now it also offers the purchase of goods and services. You can also make transactions using Binance smart Chain.
• Binance intends to launch more projects after Smart Chain, making it an excellent option for investment.
• Binance is secure and has a market cap of $51.08 billion.

The current market value of Binance is $403.38 in September 2021. The expected value is $593 by the end of 2022.

Uniswap

Uniswap is an exchange built on Ethereum that utilizes smart contracts to allow ERC- 20 token exchange.

Reasons For Investment

• Uniswap is safe as it allows users to maintain their own wallets.
• Uniswap has an automated liquidity protocol that allows users to swap their tokens at the current price easily.

The market value of Uniswap in 2021 September is $22.91, and the expected price is $50 within two or three years.

Conclusion

You are not too late if you are thinking of investing in cryptocurrencies. You can use moon bitcoin cash to earn bitcoins. All cryptocurrency suggestions in this article show good potential for the future. You can choose between any of these, or you can invest in all of them. It would be best if you analyze and reason before investing in any crypto.