Cryptocurrency is one of the most crucial topics on the internet for a while. People are going crazy on this topic on Twitter as some supreme personalities like Elon Musk, Bill Gates are tweeting about the benefits of cryptocurrency. Many businessmen and economists point to Cryptocurrency as the future.
Now I bet you have also read stories about people becoming millionaires who invested a few bucks in crypto and that’s why it’s driving people crazy to buy cryptocurrencies. Welcome to OnlyLoudest, today we are going to tell you about the best cryptocurrencies to invest in 2022.
Few cryptocurrencies were in the market for more than 10 years and people just came to know about it. Among them, Bitcoin blew up the internet. Now if we look at the crypto market, there are plenty of cryptocurrencies and news ones that are debuting in the game.
Almost everyone wants to invest their money in crypto but gets confused with the big list. So today I’m going to tell you about the best cryptocurrencies to invest in 2022 and why you should start investing in cryptocurrencies.
Now there are people who have heard but are confused about What is Crypto and how this works? Well sorry, guys I can’t cover the topic here so I recommend you read about cryptocurrencies on Wikipedia.
Read more: Youtube, the best source of making money
Best Cryptocurrencies to Invest in 2022
There are numerous cryptocurrencies in the market, many of them came to light after the huge hype about Bitcoin. Plenty of new cryptos is also being developed. But you don’t wanna spend your money on every one of them.
To make this easy for you, I have shortlisted 13 top cryptocurrencies to invest in 2022. Let’s get started with these-
#1. Bitcoin (BTC)
Created in 2009 by Satoshi Nakamoto, Bitcoin is the first Cryptocurrency to come to the market. This currency was intended to provide a digital currency that is not controlled by any bank or centralised agency. Just like other cryptocurrency Bitcoin transactions works on a blockchain system which makes it more secure and transparent.
Ten years ago one bitcoin was priced at $0.30, Five years ago it was $500. But due to the storm on the internet and thanks to Elon Musk, Bitcoin has a total market cap of $838.36 billion today and one Bitcoin will cost you around $45000.
#2. Ethereum (ETH)
Etherium is one of the favourite cryptocurrencies among crypto investors and was initiated in 2013 by programmer Vitalik Buterin. This is the second most popular cryptocurrency after Bitcoin. It is also a decentralized, open-source blockchain currency like Bitcoin.
Etherium was priced at $11 five years ago and has grown to $3324 in this time and gained a market Cap of $387.60B.
#3. VeChain (VET)
Now the third one on the is Vechain, founded in 2015 and released in 2016 by Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China. Vechain comes with a secure and transparent blockchain system.
Vechain uses Radio Frequency Identification (RFID) tags and sensors which transmits the transaction data to the blockchain system and can be accessed in real-time by authorized stakeholders.
Ve chain is currently priced at $0.114, ranked at #27, with a live market cap of USD 7,371,147,784.
#4. Binace Coin (BNB)
Binance is the cryptocurrency exchange founded by Changpeng Zhao and He Yi back in 2017. Earlier Binance was one Ethereum blockchain named ERC-20, but in 2019 it was moved to Binace blockchain 2019.
Binace can be used for trading, booking travel plans and you can get another crypto-like Bitcoin & Ethereum by exchanging BNB.
IN 2017 BNB was priced at just 0.10 USD but now with a gain of 435500%, the price is $435 in 2021 with a market cap of $67 billion.
#5. Cardano (ADA)
Cardano is a cryptocurrency founded in 2015 by one of the Ethereum co-founders Charles Hoskinson. It was launched in 2017 with a vision to solve three major problems of this generation – Scalability, Interoperability & Sustainability.
Cardano got in the eyes due to its proof-of-stake validation system which helps to make transactions faster and decreases energy which seems to be better than the competitive, problem-solving aspect of transaction verification present in Bitcoin.
In 2017 ADA was priced at $0.02 but now it is priced at $2.40 with a total market cap of $77 billion.
#6. Solana (SOL)
Solana is one of the newest and fastest decentralised cryptocurrencies in the market. Solana was started to develop in 2017 and was launched in 2020.
Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanism which makes the transaction super fast and allows Solana to perform 65,000 transactions per second, which is around 10,000 times faster than Bitcoin, 4,000 times faster than Ethereum.
SOL was priced at $0.77 in 2020 but now one SOL costs around $168 with a market cap of $50 billion.
#7. Dogecoin (DOGE)
After Bitcoin, this one gained the most popularity, Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer who created this as a parody to mock the whole cryptocurrency ecosystem.
It was there in the market for 7 years until Elon Musk started spamming on Twitter about Dogecoin. Dogecoin’s current price is $0.23 with a market cap of over $31 billion which is a miracle.
Many people don’t think Dogecoin is going to hit the $1 price mark and criticize it but at the same point, some claim that it will become as popular as Bitcoin in future.
#8. Uniswap (UNI)
Uniswap is a popular decentralized trading protocol that started facilitating automated trading of decentralized finance tokens named UNI.
Uniswap is currently priced at $23 with a market cap of $13 bn billion.
#9. Chainlink (LINK)
Chain Link is one of the most growing decentralized cryptocurrencies, created in 2017 by Sergey Nazarov. This currency has a smart contact option like Ethereum but Ethereum Blockchains themselves cannot connect to outside applications in a trusted manner while Chainlink’s oracle network allows smart contact to communicate with outside data.
Chain Link is currently priced at $27 with a total market cap of $12 billion.
#10. Monero (XMR)
Monero is a decentralized cryptocurrency to provide transactions to take place privately and with anonymity.
XMR is becoming popular because it helps to achieve maximum decentralization possible which means the user doesn’t have to trust anyone in this network. The ring sign features also boost the privacy on this network.
XMR is priced at $258 with a total market cap of $4.5 billion.
#11. BitTorrent (BTT)
BitTorrent is the most popular P2P (peer to peer) file transfer platform which became decentralized recently. They launched their cryptocurrency named BitTorrent Tokens in 2019.
BTT had a rough start in 2019 and it didn’t perform well in 2020 but during 2021 it started to take off. In 2021 BTT is priced at $0.004 with a market cap of $2.7 billion.
Many experts say that BTT has great potential to raise the market by 2028. They also believe that BTT will reach the $1 price mark by the end of this year. So if you want to wait till 2028 then it could be a great option for you.
#12. Ethereum Classic (ETC)
Ethereum Classic is an open-source, decentralized, blockchain-based cryptocurrency platform that runs on smart contracts and its native coin in ETH. In 2016 there was a hack in the Ethereum network, as a result, the blockchain was divided into two new blockchains, Ethereum Classic being the original and Ethereum being the newer blockchain.
In 2021 Ethereum classic is priced at $56 with a market cap of $7.2 billion.
Frequently Asked Questions
What Are Cryptocurrencies?
Cryptocurrency is a digital virtual currency that is decentralized means they are not controlled by any banks or centralized agency. It works on P2P (Peer to Peer) transactions where users can send money to anyone without involving any third party. The transaction records are stored in the blockchain and with 100% transparency.
How Does Trading Cryptocurrencies Differ from Stocks?
Trading cryptocurrency means you are trading a particular currency and when you buy it you own it. While stocks collect funds for a company and you invest in that company to get profit.
The main difference is you can buy stocks or buy things with crypto as it is a form of currency where you can’t do these things with stocks.
Do You Have to Pay Taxes on Cryptocurrency?
The answer is yes. When you earn profit by selling cryptocurrency, the profit can be taxed as a business income or if you hold them for investment purposes then you will be taxed as capital gains.
How Do You Buy Crypto?
There are many crypto exchanges that allow you to buy crypto hassle-free. Some of the best crypto exchange platforms are Coinbase, Binance.US. where you can buy cryptocurrencies with your credit card or net banking.
If you want a user-friendly easy platform then Paypal also allows you to buy a few cryptocurrencies.
Why Invest in Crypto?
Cryptocurrency started with a vision of creating a decentralized currency system and let people have safer financial assets than fiat cash or regular banking. Many countries started to develop a cryptocurrency-friendly ecosystem where people can replace regular Credit Card, Netbanking, fiat cash with cryptocurrencies.
There are many things you can do with a cryptocurrency- you can buy stocks, buy web hosting for your business.
Also read: Best web hosting providers accept Bitcoin.
Now that was the vision of cryptocurrencies, while in present days having crypto can give a huge profit like regular stocks and gold. Bitcoin has also been named the gold of crypto.
Now if we look at the history before the concept of fiat cash came, People used to exchange values with a metal coin or with gold. But with time fiat cash came to the market and Gold started getting more valuable as the stock is limited.
Now people started buying gold to add value to their finances and they started exchanging it with cash when they got a good price value of their gold. And with time stocks and shares came to the market and it works the same way as Gold does.
People should start investing in cryptocurrencies and add this to their portfolios. Because everything is moving to a digital platform, Cryptocurrencies will also be a major platform of finance and many experts have said that already. So having a cryptocurrency can make you a millionaire in the future.
These were the best cryptocurrencies to invest in 2022. Each one of them has a different value and different price. The best part about investing in cryptocurrency is, you can buy any amount of cryptocurrency for as little as $1.
“Who thought a single Bitcoin worth 0.30 can give you $45000 after 10 years” Right? That’s why everyone should add cryptocurrencies to their investment portfolio because they can become the future of money.
Now that it is for today, thank you for visiting OnlyLoudest. If you have any questions or suggestions then put them in the comment section. We’ll see you next time with another fresh topic.