Home BusinessFinance Top 10 Cryptocurrencies to Buy in 2022

Top 10 Cryptocurrencies to Buy in 2022

Top 10 Cryptocurrencies

Cryptocurrency is a digital currency that can be used as a means of exchange to buy goods and services and it uses cryptography to secure online transactions. Cryptocurrencies don’t have any regulating authority like government or bank, instead, they have a decentralized system to record transactions.

Bitcoin was the first released cryptocurrency in the market and is the most popular cryptocurrency. After Bitcoin, many other cryptocurrencies were also released in the market.

In the next few years, all people are going to talk about is cryptocurrencies, because of the popularity it has gained and millions of them have started investing in cryptocurrencies.

Here are the top 10 cryptocurrencies you can buy for higher returns in the long term

1. Bitcoin (BTC)

Bitcoin is the most popular and also the most expensive cryptocurrency. The market cap of Bitcoin is around 1.1 trillion USD and it is ranked number one.

There are a lot of people who are investing in Bitcoin as it has given good returns over the last few years. And if you can’t afford 1 BTC, you can even buy a small part of it.

2. Ethereum (ETH)

Currently, Ethereum ranks as the 2nd most popular cryptocurrency after Bitcoin. Its market cap is around 500 billion USD. And some even believe Ethereum can be the next Bitcoin. 

NFTs (Non-Fungible Tokens) are secured by the Ethereum Blockchain means no one can modify the record of ownership.

As an investor, Ethereum is a good option to invest in as it has long-term benefits.

3. Binance Coin (BNB)

Binance operates the biggest bitcoin exchange and altcoin exchange in the world. In terms of market capitalization, it is ranked at #3 and its market cap is nearly 100 billion USD.

Binance Coin (BNB) can be a good investment if you want to invest in coins other than Bitcoin and Ethereum. Binance had an incredible run and is undoubtedly the best cryptocurrency to invest in.

4. Tether (USDT)

Tether is a cryptocurrency that is hosted on the Ethereum blockchain and is controlled by the owners of Bitfinex. It is ranked at #4 and its current market cap is 78 billion USD.

If you don’t want to suffer from the volatility of the market then Tether is a great choice for you. It is the most stable coin and would always be worth 1 US dollar.

5. Solana (SOL)

Solana has been known in the cryptocurrency space because of its faster processing speed and lower fees than Ethereum. Its market cap is nearly around 65 billion USD and is ranked at #5. 

Solana has definitely been on the winner list of investors. It has given over 4000% return over last year.

6. USD Coin (USDC)

The coin’s current market cap is 45 billion USD and is currently ranked as #6. USDC is managed by a consortium called Centre.

You can always redeem your 1 USD Coin for 1 USD giving it a stable price.

7. Dogecoin (DOGE)

Dogecoin is a cryptocurrency created by software engineers Jackson Palmer and Billy Markus. It is considered as a “meme coin”  and also as the first “dog coin”.

Elon Musk (CEO of SpaceX) pumps the prices of dogecoin regularly by his tweets on Twitter. Dogecoin prices are very much volatile and they have a great potential in giving good returns for long-term investors.

8. Avalanche (AVAX)

Avalanche is the fastest smart contracts platform in the blockchain industry. It is super fast, low cost, and eco-friendly. It is certainly the best cryptocurrency to invest your capital in.

Avalanche is a credible alternative to Ethereum as its platforms have the fastest settlement and lower cost. And the prices of Avalanche are showing tremendous positive momentum over the last few years.

9. Axie Infinity (AXS)

Axie Infinity is a blockchain-based battling game and is operated by its players. It was created in 2018 by Sky Mavis. The Axie Infinity is launched on the Ethereum Blockchain.

In the game, the players buy monsters, make them battle and earn tokens. Looking at the development of this cryptocurrency, it is certainly going to give good returns in long term. So it is a good option for investors to invest in.

10. Polygon (MATIC)

Polygon is the first well-structured platform for Ethereum scaling and infrastructure development. It is a Layer 2 scaling solution that uses a customized version of Plasma Framework.

The coin has been on a strong bullish trend in the past few months. So it is another good option to invest in for the long term.

Notify of
Inline Feedbacks
Read Comments

Related Posts