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7 cryptocurrencies to invest in 2022 [Updated] 

The hype created by digital currencies in the present time is encouraging people to try their luck. When researching cryptocurrency, users get intimidated by myriad options as almost 10,000 digital currencies are available in the market. We tried sorting this problem for the newbies by listing the top 7 cryptos that might help you earn a good profit this 2022.   

Whether it’s algorithms, infrastructure or popularity, the crypto industry is changing. You never know when the market is skyrocketing and when it will plunge. Therefore, you need to invest in those whose value generally doesn’t depreciate that quickly. Do check the top 7 cryptos we curated for you.  

Bitcoin (BTC)  

Bitcoin seeks maximum attention from investors because it enables one to make curtailment-free payments and is a secure option. In the initial phase of 2022, its value was floating between $38,000 to $42,000.Market researchers say bitcoin might reach $75,000 by the latter half of 2022. So, you can think of investing in BTC.  

Ethereum (ETH)  

Ethereum is unique because it’s both a currency and a blockchain for securing a digital ledger. The ETH is popular because it enables investors to use it as money and treat it as a store of value. According to the forecast, Ethereum was US$730.37 in January 2021, and it increased to US$3,111.74. ETH has so far proved profitable; however, before investing, conduct market price research.  

Solana (SOL)  

Solana is heating the market with its rise in market valuation since its launch. Besides being a top cryptocurrency, it is the fastest blockchain network. Solana is famous as an NFT (Non-Fungible Tokens). It’s thrilling to know that it processes 50,000 transactions per second. The growing demand for this cryptocurrency is due to its low fees and high speed. As per the last update on April 2022, it was 117 USD.  

Litecoin (LTC)  

Litecoin is considered a peer-to-peer virtual currency and is reliable as it is the most affordable option. At the time of its launch, bitcoin was the direct competitor because the prime objective behind its launch was to make transactions cost-effective and faster. Though it encountered a sharp depreciation from 278 to 110 USD during March this year, it will soon regain its original position.   

Binance coin (BNB)  

Binance coin seems to be, at times, a stable option for some investors; however, it’s pretty debatable. While closely looking at its valuation, it will soon recover from lousy performance; for example, in the year, it stopped at $38, but it rose to $683 in May, which is quite applauding. According to CoinMarketCap, BNB is perhaps one of the largest cryptocurrency exchanges.   

Dogecoin (DOGE)  

Last year Dogecoin won over the crypto world. One of the driving forces for its meme coin gaining popularity is Elon Musk. Back in 2021, traders sold this coin at $0.76 per coin. Within 5 months, Dogecoin gained over 19,000%. A recent update shows a significant downfall happened this 2022. This downfall throws clouds of confusion on whether Dogecoin is a good investment.   

Tether (USDT)  

When selecting the most stable coins accepted worldwide, the only cryptocurrency name that pops up is Tether. This currency exists in the form of digital tokens and is built on multiple blockchains. This digital currency had pegged its market value to fiat currency. As per market predictions, this coin’s price might be $1.27 by the end of this year.  

Hopefully, you got some idea regarding the types of cryptocurrencies and their market value. This blog is just for general information hence doesn’t guide your financial decision on it. Before taking an investment decision, consult an expert as cryptocurrencies are highly volatile.   

Sudeshna
Sudeshnahttps://thecryptonian.one/
As a passionate content writer, she is always eager to explore new topics. Through her blogs on cryptocurrencies, blockchain technology and non-fungible tokens (NFTs), she intends to help newbies gain a better understanding of the crypto world.

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