It’s no secret that the world of cryptocurrency is growing by leaps and bounds. Many experts believe that the cryptocurrency market will be worth $1 trillion by 2022. So, if you’re looking to invest in digital currencies, now is the time to do it! This blog post will discuss the best cryptocurrencies to invest in for 2022.
Let’s take a look at these cryptocurrencies.
- Bitcoin
Bitcoin is the granddaddy of them all. It was created in 2009 when Satoshi Nakamoto devised a way to make peer-to-peer transactions without relying on an intermediary, like a bank or government. Bitcoin has no inflationary cost because it is hard-capped at 21 million coins.
95% of all bitcoin that will ever exist are already mined, resulting in deflationary pressure increasing over time. If you’re interested in trading bitcoin, it’s crucial to choose the right platform for it, like Bitcoin Era.
- Ethereum
Ethereum has exploded onto the cryptocurrency scene and become a favorite and respected coin by many. Ethereum differs from Bitcoin because it isn’t just a digital currency to purchase products or services; it is also used as fuel for the decentralized platform to run its apps. Many companies use Ethereum’s blockchain to create new cryptocurrencies to advance their platforms (such as Tron).
The price of Ether will likely continue to increase in value due to more applications being created on its blockchain and more people wanting access to the network. This means that if you buy Ether now, you can get in at a lower price than later down the line when there is less demand (and thus, your share of Ether will be larger).
- Litecoin
After a long time, the LTC price has increased, and it may go up again soon. Litecoin’s high trading volume is the reason why many people are holding on to their coins since they can become profitable at any moment. You should invest in litecoin if you don’t want to risk your money by investing in very new cryptocurrencies.
Litecoin had a lot of success last year when its price increased from $4 to more than $350. Some people made more than 100x gains while investing in LTC.
- Ripple
Ripple has been gaining lots of ground in the cryptocurrency world. The currency is designed for international bank transactions, and it grows each day with more banks adopting it. It has a market cap of $8.03 billion, or roughly 2,309,142 XRP coins at current prices.
Ripple is considered the best cryptocurrency to invest in in the short term because money keeps flowing into it due to its popularity among major financial institutions.
- Shib Inu
One coin to keep an eye on in 2022 is Shib Inu (SHIB). Shib Inu Coin was created by a team that goes by Shibui, and this dog-themed cryptocurrency is all about paying it forward with every purchase you make. Shibui’s goal is to create a self-sustaining ecosystem where Shibui miners help save abandoned dogs at overcrowded shelters worldwide.
The Bottom Line
The cryptocurrency market is unpredictable, and the top 16 coins in 2022 will most likely not be the same as today. Thus, it is important to invest in several coins. The article that follows this note provides a list of potential candidates for long-term success that would do well to diversify into while their price remains low.
