December 27, 2021
There are over a thousand different cryptocurrencies in the world and here are the top 10 of them that could reach new heights in 2022.
The rise of cryptocurrencies is inevitable as people have witnessed massive changes in the cryptocurrency market over the past decade. Bitcoin has gone from being an interesting experiment for a traditional investor portfolio to a new asset class and digital gold. Crypto investors have started to make high profits by investing in the cryptocurrency market in recent years. As for the state of the crypto market in 2021, both BTC and Ether rose, followed by thousands of altcoins which had their first glimpse of mainstream success. Cryptocurrencies in 2022 have immense potential to prosper even more than in 2021. Thousands of cryptocurrencies to invest in 2022 are entering the market to catch the eyes of crypto investors. This article presents the top 10 cryptocurrencies that could reach new highs in 2022.
Bitcoin is still by far the most popular cryptocurrency and its price movement has a strong impact on the rest of the crypto market. It is considered to be the original crypto, and its launch in 2009 is the origin of the entire cryptocurrency movement. Exposure to Bitcoin has made crypto investors realize that Bitcoin is one of the major cryptocurrencies that could reach new highs in 2022.
Ethereum (ETH) is a decentralized software platform that enables the creation and execution of smart contracts and decentralized applications (dApps) without downtime, fraud, control, or interference from a third party. The goal behind Ethereum is to create a decentralized suite of financial products that anyone in the world can freely access, regardless of nationality, ethnicity, or creed. Crypto investors expect Ethereum to take over Bitcoin in the future in the cryptocurrency market.
Binance Coin is the cryptocurrency issued by the Binance exchange and trades under the symbol BNB. The Binance coin initially operated on the Ethereum blockchain with the ERC 20 standard, but has since become the native coin of the Binance chain. Binance is compatible with any smart device and allows crypto investors to start trading securely. It is one of the best cryptocurrencies that is expected to reach new highs in 2022.
Polkadot (DOT) is a unique PoS cryptocurrency aimed at ensuring interoperability between other blockchains. Its protocol is designed to connect authorized and unauthorized blockchains, as well as oracles, to allow systems to work together under one roof. The central component of Polkadot is its chain of relays which allows the interoperability of different networks.
Solana is one of the major cryptocurrencies that could reach new highs in 2022 in the digital wallets of crypto investors. This cryptocurrency is known for its efficient, fast, and censorship-resistant blockchain for global adoption. There is expected to have a long-term increase in the price of cryptocurrency in 2022 with a bright future. Solana was one of the top performers in 2021, rising through the altcoin ranks to become the fifth most valuable cryptocurrency in the world.
Cardano (ADA) is a ‘Ouroboros Proof of Stake’ cryptocurrency that was created with a research-based approach by engineers, mathematicians, and crypto experts. The project was co-founded by Charles Hoskinson, one of the first five founding members of Ethereum. After having some disagreements with the direction Ethereum was taking, he left and then helped create Cardano.
Tether is a cryptocurrency hosted on the Ethereum blockchain with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether is well known for being a stable coin without providing that high volatility like the usual cryptocurrency market. It links value to the price of the US dollar or the euro and is pegged to the dollar. So, crypto investors can buy this cryptocurrency today for profit without fear of massive loss.
Investors who wish to explore the crypto space without taking excessive risk would prefer a stable cryptocurrency such as USD Coin. USDC is a great option for traditional investors looking for a low beta investment that can generate higher returns than CDs. This cryptocurrency has immense growth potential and it could reach new heights in 2022.
Dogecoin, considered by some to be the original ‘memecoin’, caused a stir in 2021 as the coin’s price skyrocketed. The coin, which uses an image of the Shiba Inu as an avatar, is accepted as a form of payment by some major corporations, including the Dallas Mavericks, Kronos, and perhaps most notably, SpaceX, an American aerospace manufacturer owned by Elon Musk. .
XRP allows financial institutions to transfer money with affordable fees and minimal delay, attracting many major banks around the world. Even though XRP remained on the sidelines, for the most part, its price value started to rise around April 2021. XRP is one of the best cryptocurrencies that is expected to hit new highs in 2022.
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