What are the Top Six Cryptocurrency Investments to Make in 2022?

bitcoin, Ethereum, solana, tether,cardano
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Based on market size, we’ve compiled a list of the top 5 cryptocurrencies that could be a good investment in 2022.

Bitcoin (BTC)

With a market worth of $8111 billion as of January 17, Bitcoin leads all digital assets. This groundbreaking cryptocurrency saw highs and lows, reaching as low as $40,000 in September and as high as $65,000 in October 2021.

Despite this, cryptopreneurs and investors continued to believe in this cryptocurrency, which was even lauded as digital gold and an inflation hedge by big banking institutions such as Deutsche Bank and JPMorgan.

Also Read: The Biggest Moves in Bitcoin, NFTs, and Other Cryptocurrencies on January 17

Ethereum (ETH)

This cryptocurrency has also managed to keep its second-place ranking for the past year. As of January 17, it has a market capitalization of almost $390 billion.

In 2022, Ethereum will switch from proof of work (PoW) to proof of stake (PoS) to boost scalability and make it more ecologically friendly. Ethereum is well-known for serving as the foundation for various blockchain-based applications, such as NFTs.

Also Read: A New Feature on Twitter Enables Ethereum and Bitcoin Tips a Day After Jack Dorsey Resigns

Tether (USDT)

With a market cap of $78 billion on January 17, Tether is the most valuable stablecoin.

The stablecoin, fixed to US dollars and euros, minimizes volatility and is one of the most popular options for people looking to invest in cryptocurrencies wary of volatility. It is denominated in US dollars.

Binance Coin (BNB) 

It is the native cryptocurrency of Binance, the world’s largest cryptocurrency exchange by volume.

Binance was founded in 2017, but it grew quickly by facilitating commerce on its platform. The cryptocurrency has gone a long way from its $0.10 price in 2017 to $520 on January 3, 2022, a rise of roughly 52000 per cent.

Also Read: Binance Destorys over 1.68 million BNB Tokens in its Latest Burn

According to coinmarketcap.com, on January 17, Binance (BNB) is placed fourth with a market cap of roughly $80 billion.

Solana (SOL)

It is recognized for its 65000 transactions per second transaction speed, Dapps, and smart contracts.

It is part of the ethereum killers group and employs a hybrid PoS and proof-of-work consensus methodology (PoH). The cryptocurrency has a market capitalization of $54.82 billion. When Solana was released with a value of $0.77 on January 3, 2022, it grew approximately 22,000 per cent in less than two years.

Cardano (ADA)

Cardano is placed 6th with a market cap of $51 billion as of January 17.

This cryptocurrency could be a fantastic investment option. The cryptocurrency is based on the Proof-of-Stake (PoS) concept, which reduces transaction times and environmental effects through the staking process.

Read Also: CARDANO Hikes as the Metaverse Arrives on the Blockchain

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