Sep 12, 2022
Top 10 Cryptocurrency to Invest in 2022
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Which crypto to invest in doesn't have to be confusing
Getting started with investing in cryptocurrency is a quick process. The steps only involve installing an application on your smartphone that allows cryptocurrency trading, such as Coinmama, Binance, Kraken, etc., setting up an account on the application, which requires less than 10 minutes, and starting trading.
However, deciding which cryptocurrency to invest in or trade can be difficult. With over ten thousand different cryptocurrencies, the pool of choices is wide, including the risks. Not to mention, the volatile conditions of the market have made investors increasingly conscious.
Investors get excited about the sudden increase in cryptocurrency prices, but it also scares them. Moreover, the recent crypto crash in mid-2022 has instilled greater fear among investors.
However, there has never been a single investment opportunity, at least not in the modern world, that had guaranteed profiting successfully. The crypto crash in mid-2022 isn’t the first exchange market crash in the history. People all over the world have lost thousands and even millions. But people have also profited equally from taking risks. In the end, it’s all about believing in an idea.
If the idea of cryptocurrencies appeals to you and is something you trust will take over the world someday, you shouldn’t shy away from investing in it. We have rounded up the best and the safest cryptocurrencies in 2022 for our readers to safely invest in and profit from cryptocurrency investments. Our in-house crypto exchange experts researched these recommendations. So without further ado, let’s begin:
Litecoin or LTC
Dubbed as the “silver to Bitcoin’s gold,” Litecoin is a great cryptocurrency to invest in. Its model closely resembles Bitcoin, ensuring its stability and profitability in the long run. In fact, Litecoin can prove to be even better than Bitcoin in the future due to its faster transaction time, confirmation time, and the growing number of merchants who accept it as a trading currency. The absence of central control authority also makes Litecoin a secure currency for an open-source global network of payments.
Litecoin was first introduced as an altcoin or bitcoin spinoff in 2011. However, it soon became a popular and stable cryptocurrency with an independent existence from bitcoin.
Litecoin Market Value History Since its Launch
Litecoin saw its first rise in market value in December 2013. Until August the following year, i.e., 2014, the value of Litecoin had fallen again. However, it picked up during the cryptocurrency boom in December 2016. The value of Litecoin saw its first peak in December 2017. After that, the market value remained unsteady, with periods of market value gradually decreasing for months and picking up suddenly time and again.
Litecoin reached its second and even higher market value peak in April 2021. Since then, the value has continued its pattern of gradual decrease and sudden peaks. As of mid-2022, the value of Litecoin is experiencing a rise again. While the market value of Litecoin may seem volatile, it is still a good long-time investment opportunity. Investors investing in Litecoin would need to stay updated on the cryptocurrency’s market value from week to week. The market cap for Litecoin is $4.9 Billion.
Find more information on Litecoin click here.
US Dollar Coin or USDC
US dollar-dominated accounts and financial institutions regulate US Dollar Coin. It is valued equal to the US dollar. The value of one USDC is $1. Hence, making USDC one of the most stable, secure, and regulated cryptocurrencies.
Powered by Ethereum, USDC is the best cryptocurrency to invest in for beginners. It allows them to understand cryptocurrency trading, the fluctuating environment, and the pros and cons of the trade. The insights gained from trading USDC can help one make better, more informed decisions about which cryptocurrency to invest next. USDC was launched in 2018 to tokenize US dollars over the internet and into the world of cryptocurrency.
USDC Market Value History Since its Launch
Since USDC is a regulated cryptocurrency, its value doesn’t change much beyond a few cents. However, the market value of USDC can change in relevance to other cryptocurrency prices. Hence, investors can utilize USDC to buy other cryptocurrencies quicker, faster, and cheaper. The market cap of USDC is $49 Billion.
To find more information on USDC, click here.
Dogecoin or DOGE
Dogecoin is one of the most popular and commonly known cryptocurrencies. The popularity of Dogecoin can be attributed to Elon Musk, a tech and business leader, taking an interest in cryptocurrency. Elon Musk’s influence has made his community back up Dogecoin with equal interest, resulting in increased value, certainty, and stability of the cryptocurrency. Due to Musk’s interest in the cryptocurrency, payments to Musk’s company, SpaceX, can be made through Dogecoin. This has led to the cryptocurrency’s acceptance as a reliable payment form in other companies, including Kronos and Dallas Mavericks.
The cryptocurrency has already reached an all-time high value since nine years ago. The value is expected to stay certain or reach even higher shortly, depending on the interest of Elon Musk.
Dogecoin was coined as a joke to make fun of the uncertain and volatile cryptocurrencies at the time. Due to its creation story, it can be sometimes called meme coin or dog coin.
Dogecoin Market Value History Since its Launch
Since its creation in 2013, Dogecoin has experienced little to no activity. The reason for the inactivity of Dogecoin can be attributed to its creation as a joke. Anyway, the cryptocurrency saw a slight activity from April 2017 to December 2018. This brief activity period ended badly, with the value returning to almost nothing.
After that, the market value for Dogecoin kept fluctuating between nothing and a little more than nothing. In April 2021, after Elon Musk’s interest in cryptocurrency, it reached an all-time high. Since then, its value has kept fluctuating. However, it is still far from where it began. It has reached a market cap of $10.5 Billion.
Find more information on Dogecoin go here.
Shiba Inu or SHIB
Shiba Inu is among the top cryptocurrencies, if not the top cryptocurrency, as of May 2022. Shiba Inu has managed to garner great amounts of social support, which has made it a greatly stable cryptocurrency to invest in. Shiba Inu is more than just a cryptocurrency. It has become a symbol of the tech and business future. With Shiba Uni Metaverse launching soon, the cryptocurrency’s value is projected to increase once again.
However, Shiba Inu does come with certain risks, like all other cryptocurrencies. But for those interested in how tech and business run parallel and shape each other, Shiba Inu can be an insightful and even profitable investment. Shiba Inu was created as a joke in response to the creation of Dogecoin. However, it has seen much development since its creation.
Shiba Inu Market Value History Since its Launch
Like its predecessor Dogecoin, Shiba Inu also experienced a period of inactivity in the beginning. But unlike Dogecoin, Shiba Inu didn’t have to spend years of inactivity. After its launch in August 2020, the cryptocurrency saw its first hike in April 2021. It reached its peak market value in September 2021. However, the value did not prove sustainable, and about 60% of it was lost by January 2022.
The market has been gradually decreasing while experiencing certain peaks here and there. However, experts believe that the value of Shiba Inu will rise again and that it is a promising cryptocurrency to invest in as of mid-2022. It has reached a market cap of $6.7 Billion.
Get more info about Shiba Inu by clicking here.
Ethereum or ETH
Ethereum is a cryptocurrency with a purpose. It is based on a decentralized software platform that allows application development and running with minimized risks. Hence, it helps everyone who wants to create decentralized financial products. However, depending on the different laws of countries, the goal of Ethereum may not be achievable. Yet, those who can use it can greatly benefit from its service.
As of mid-2022, Ethereum is only second to Bitcoin per market capitalization, with a market cap value of $236 Billion. The reduced chances of fraud, downtime, and third-party interference of this cryptocurrency greatly enhance its certainty and stability. Moreover, the unique services it provides investors and users are only adding to its popularity and market value.
Ethereum Market Value History Since its Launch
Ethereum was founded in 2015. But the cryptocurrency first saw a period of activity only in early 2017, when crypto exchange emerged as a popular trading platform. Ethereum’s value reached a small peak in December 2017 but stayed turbulent after that. It reached a new peak in April 2021 and then again in December 2021. Since then, the market value for Ethereum has been seeing steady ups and downs. However, despite the lows, the market value has generally maintained a high value.
To find more about its potential and possibilities click here.
Ripple or XRP
Ripple or XRP is one of the most beneficial cryptocurrency to invest in. Its fast transaction time and low transaction fee make it a smart choice for those looking to make transactions across the border. Since Ripple works directly with financial institutions in many countries, it is an easy, cost-efficient yet legitimate medium of carrying out financial transactions.
The convenience offered by Ripple has made many banks opt for its service too, which has further legitimized its use and stabilized its value. Like USDC, Ripple is another great cryptocurrency to invest in for beginners. Launched in 2012, Ripple has gained more popularity as a currency exchange system rather than a trading option. However, trading in Ripple can be greatly profitable, especially in the long run.
Ripple Market Value History Since its Launch
Like many other cryptocurrencies, Ripple also saw its first real period of activity in late 2016. Its value reached a peak in December 2017. However, the peak was short-lived. Since then, the market value for this cryptocurrency has seen more downs than ups until April 2021.
From April 2021 to May 2022, the value for Ripple has managed to show greater stability, despite the usual ups and downs of the exchange market. It has reached a market cap of $18 Billion. As of mid-2022, the market value of Ripple is on the rise again.
To find out how you can benefit from it, click here.
Tether or USDT
Tether is one of the least volatile cryptocurrencies. And hence, one of the most popular and stable cryptocurrency to invest in. Tether is also backed and regulated by financial institutions like other more stable cryptocurrencies. Financial institutions in the US and Europe back Tether’s value. Since Tether is not volatile, it is among those cryptocurrencies that can be used to make long-term investments and for trading purposes.
Tether was created in 2014 to facilitate the digital use of fiat currencies. As of 2022, it is greatly used to move funds between traditional financial systems and cryptocurrency markets by investors.
Tether Market Value History Since its Launch
Tether saw a crash in value shortly after its launch. But the cryptocurrency managed to get back to its value at launch and reached higher within three years by June 2017. Since 2017, the value of Tether has experienced steady ups and downs, contributing to its popularity as one of the most stable cryptocurrencies as of 2022. Tether has managed to reach a market cap of $82 Billion.
Get started with or find more information on Tether here.
Solana or SOL
Solana is another cryptocurrency with a purpose. It helps decentralized power apps, smart contracts, and decentralized finance uses. Solana also helps make secure, smooth, and quick transactions through its unique mechanisms of proof-of-history and proof-of-stake.
Despite its uses in the overall cryptocurrency environment, Solana is still a valuable cryptocurrency to invest in. The digital tokens of the currency help run its platform. The more powerful the platform, the smoother the transactions made on the platform can be.
Solana Market Value History Since its Launch
Solana can be a great cryptocurrency to invest in for both long-term and short-term investment purposes. It was launched in 2020, and since then, it has experienced an increase of 6200% in its market value. It has reached a market cap of $15 Billion.
The cryptocurrency reached its peak market value in November 2021. Since then, the value has decreased overall but remained considerably stable compared to cryptocurrency trends. Since mid-2022, the market value for Solana has been experiencing a steady rise.
Find out more information about Solana by clicking here.
Cardano or ADA
Cardano or ADA was developed as an efficient cryptocurrency. Using Cardano results in reduced environmental impact and carbon footprint than most other cryptocurrencies, especially Bitcoin. This happens due to Cardano’s proof-of-stake validation that hastens transaction time through the removal of problems and competitions arising at the time of verification of transactions.
In this way, Cardano is similar to Ethereum. The native coin of Cardano, i.e., ADA, helps run its platform, which assists in smooth operations on decentralized applications and smart contracts.
Cardano Market Value History Since its Launch
Cardano was launched in 2017. In the five years since its launch, it has gained 2400% worth of market value. It has reached a market cap of $16 Billion. It reached its peak fairly quickly, too, with its active period beginning in April 2020 and the cryptocurrency reaching its peak market value in August 2021. Similar to Solana, Cardano has also experienced an overall decrease in its value since hitting its peak. Yet, it’s one of the more stable and secure cryptocurrency to invest in.
Click here to find more about Cardano.
Binance Coin or BNB
Binance Coin was created to ease the process of cryptocurrency trading on Binance. Binance is one of the biggest and most used crypto exchange platforms. On Binance, Binance Coin can be used for trading and payment processing. Recently, Binance Coin has also been enabled to make purchases of travel tickets through Binance. However, the biggest advantage of Binance Coin is its ability to purchase Bitcoin.
Binance Coin Market Value History Since its Launch
Binance Coin was introduced at the value of USD 0.10 per BNB in 2017. As of May 2022, one BNB stands at the value of $279, depicting a 280,000% increase in market value, with a market cap of $44 Billion.
Binance Coin reached its peak in August 2021, like many other cryptocurrencies. Since then, its value has decreased by up to 2 points. However, the stock market value of the Binance Coin is considerably stable and much secure due to its advantages on Binance.
As of mid-2022, the market value of Binance Coin is rising. The popularity of the application Binance is considered to be playing an important role in the stability of Binance Coin.
Get more info on Binance Coin by clicking here.
The Top Most Cryptocurrency to invest in: Bitcoin or BTC
We couldn’t leave out the most obvious cryptocurrency to invest in. Bitcoin is the original cryptocurrency, and it seems that no other cryptocurrency can even come close to its status. However, there is more to Bitcoin’s popularity than its originality.
Bitcoin utilizes a blockchain to run. Since the blockchain must be verified through proof-of-work for every transaction, Bitcoin is one of the safest cryptocurrency to invest in.
Bitcoin Market Value History Since its Launch
However, Bitcoin’s market value history is not much different from other cryptocurrencies. Bitcoin experienced the longest period of inactivity. It saw its first small peak in December 2017. It then saw a peak in April 2021 and then in October 2021.
Since then, Bitcoin’s value has experienced a downfall. However, it is still the most valuable and promising cryptocurrency. As of mid-2022, its value is on the rise. It has experienced a growth of 5700% between 2016 and 2022. As of May 2022, one bitcoin equals $29,000. It has reached a market cap of $548 Billion.
To learn more about Bitcoin click here.
Top Cryptocurrency to Invest in Conclusion
However, the other ten cryptocurrencies mentioned are great to begin investing and trading in cryptocurrencies. But finding a secure platform and understanding crypto exchange patterns are the key to successfully profiting from fluctuating cryptocurrency prices. We recommend Coinbase, Binance, Crypto.com, Kraken, and KuCoin as the top platforms.
On the other hand, we also recommend signing up and studying the trends of crypto exchanges before investing in any cryptocurrency. It must also be remembered that cryptocurrencies are affected by news in both business and technology. Hence, it is important to recognize and stay updated on the powers in both fields to correctly predict and profit from crypto exchange ups and downs.
Finally, USDC, Binance Coin, Ethereum and Bitcoin are our top recommendations for newcomers. These four cryptocurrencies are the most secure investments as they can be used for services other than trading.
Pro Tip for Beginner Investors
There’s an old saying, “Never put all your eggs in one basket.” Beginner investors can benefit from holding on to this advice when trading in cryptocurrency. It is wise to not invest all the available investment capital in one cryptocurrency. Instead, keeping the investments spread out in a few different ones can save from greater loss. Investing in various cryptocurrencies can also provide one with greater insight into how crypto exchange works.
However, it may be even better if one invests their money in a few different places, with cryptocurrency being only one of these.
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Cryptocurrency is an investment that is volatile and can be risky. There are many different cryptocurrencies and it can be hard to choose the right one for long term investment. Some of the best cryptocurrency for long term investment are Bitcoin, Ethereum, and Litecoin.
There is no definitive answer to this question as it depends on a number of factors, including the security features of each cryptocurrency and the overall security of the blockchain network on which it is based. Some of the most secure cryptocurrencies include Bitcoin, Ethereum, and Zcash.
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
According to the Bitcoin.org website, the most popular cryptocurrency wallet is the Bitcoin Core software. This software provides a user-friendly interface for sending and receiving Bitcoin, as well as managing wallet addresses and transactions.
Other popular cryptocurrency wallets include Metamask, Trust Wallet, the Blockchain.info wallet, which allows users to store and manage multiple cryptocurrencies, and the Exodus wallet, which provides a user-friendly interface for trading and managing various cryptocurrencies.