by Satavisa Pati
April 29, 2022
These top cryptocurrencies are a must for you to buy and hold in 2022.
2022 has been a good year for cryptocurrencies despite the ongoing war crippling the crypto market for a moment. Along with traditional crypto coins like Bitcoin and Ethereum, this year has witnessed a high rise of meme coins as well as altcoins. Here are the top 10 cryptocurrencies for you to buy and hold in 2022.
Shiba Inu, the meme-based cryptocurrency has overtaken its long-stood rival dogecoin in the past month with an 800% price gain. Although market experts are not sure about its fluctuations as SHIB was launched in 2020, its currency performance in the market has outperformed many top cryptocurrencies.
Dogecoin is the first meme cryptocurrency that started with a joke that trended on the internet a long time back. After keeping a position of safety for some since its commencement in 2013, Dogecoin showed potential in 2020 when it was acknowledged as a payment model among sports teams and entered the AMC theaters. In addition, enormous names like Elon Musk and Mark Cuban prefer Dogecoin over other cryptocurrencies. A single tweet from them could make the DOGE price go berserk.
Another most valuable cryptocurrency in the world, the Ether token is based upon the Ethereum blockchain and has become a cornerstone of the cryptocurrency world. Simply put, if today Bitcoin is gold, then Ether is silver. Ethereum introduced innovations to blockchain security and usage, with its ‘smart contracts’ becoming a platform for other applications.
Cardano is a platform that is capable of running financial applications currently used every day by individuals, organizations, and governments from across the globe. Besides, the eco-friendly and transparent nature of Cardano makes it the perfect alternative for bitcoin. Cardano has also proved its potential as one of the best cryptocurrencies for Indian investors to buy in 2022.
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
Binance was launched in 2017 and in a very short period of time, it has emerged as one of the most adopted crypto exchanges in the world. Numbers suggest that Binance records the most daily activity of any crypto exchange and provides a plethora of features. Binance offers an extraordinary set of toolkits for investors. It provides custom API keys and custom charting for investors. Besides, investors can pull in-depth data available on the Binance platform to perform analysis.
XRP is one of the shiniest tokens sitting at the top of the altcoin pyramid and has shown an increase of 377% all around the year. Even though it is one of the few tokens that has seen massive growth rates, investors have high hopes for this crypto’s future.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Tether was brought into the world as the brainchild of individuals who felt that the cryptocurrency market was extremely unpredictable and agitating. As the premier stable coin, the Tether is fixed to the US dollar and encounters fewer vacillations contrasted with bitcoin. This alone makes the cryptocurrency the best alternative for bitcoin. Launched in 2014, tether allows users to experience the blockchain network while also encrypting their investments against major price surges and falls.
Solana (SOL) is fundamentally the most popular cryptocurrency. Solana network is focusing on fast transactions and high throughput. Solana is working on a unique mechanism that is helping in transaction speed. Solana is known as one of the competitors of Ethereum with the capability of processing over 50,000 transactions per second. It is also known for offering smart contracts to crypto wallets.
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