BEST CRYPTOCURRENCY TO INVEST IN 2022
September 09, 2022
BEST CRYPTOCURRENCY TO INVEST IN 2022
Cryptocurrency has become a very popular investment option. This is because cryptocurrency provides a great way to invest in the future of money and technology. Cryptocurrency is different from other investments because its value fluctuates based on supply and demand, which makes it difficult to predict. However, there are many factors that lead to the price increase or decrease of cryptocurrencies. So what are some cryptos that will be worth investing your money in 2022?
Best cryptocurrency
Cardano (ADA)
Cardano is a smart contract platform that aims to build a blockchain that will run financial applications used by individuals, organizations and governments. It's the first blockchain to use a scientific philosophy to develop its technology.
Cardano was founded in 2015 by Charles Hoskinson (formerly of Ethereum), who left after disagreements with Ethereum founder Vitalik Buterin over governance issues involving the community and development roadmap. The company has since been led by CEO IOHK's O'Sullivan and former CTO Aggelos Kiayias along with other members of the Cardano team including co-founders Trevor Koverko (former COO) and Jonathan Jameson (CTO).
Chainlink (LINK)
Chainlink (LINK) is an Ethereum-based blockchain middleware that allows smart contracts on various networks to connect with the key off-chain resources like data feeds, web APIs, and traditional bank account payments. It is a decentralized oracle network.
Chainlink provides a layer of abstraction between your application and any other system you want it to interact with, such as a smart contract running on Ethereum or another blockchain.
Polygon (MATIC)
Polygon is a decentralized ecosystem for the gaming industry. It is a blockchain based platform that allows gamers to buy and sell games, earn money by playing them and buy games with the Polygon token. The company has partnered with several game developers, who will be able to use this service on their projects.
The main goal of Polygon is to create an ecosystem for gamers where they can find all kinds of content about their favorite games or even discover new ones that are available in other markets around the world (similarly as what Steam does).
Polkadot (DOT)
Polkadot is a network of blockchains. It's a multi-chain technology, which means that it allows the creation of sidechains and allows these chains to communicate with each other.
Polkadot's goal is to build an interoperable decentralized internet where every transaction on one chain can be completed without affecting another chain.
Ethereum (ETH)
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. This allows for a truly trustless and censorship resistant environment.
Ethereum was developed by Vitalik Buterin and launched using a crowdsale in 2014. Since then it has grown into one of the most popular cryptocurrencies around with nearly 80% market share across all exchanges according to Coinmarketcap data released earlier this year at the peak of its value ($1,609).
Binance Coin (BNB)
Binance Coin (BNB) is a cryptocurrency that can be used to pay for trading fees on its exchange. It's also used as a base currency on the Binance platform, which makes it one of the most popular cryptocurrencies in the market today.
BNB is a deflationary currency, meaning that there will be fewer coins issued over time compared to other currencies like Bitcoin or Ethereum. This means you should expect to see your investment grow faster than others when held long-term because there won't be so much demand for buying new coins from investors who have already purchased some during their initial purchase phase (when it was still cheap).
Bitcoin(BTC)
Bitcoin is the best cryptocurrency to invest in 2022.
Bitcoin is a digital currency and decentralized currency that was created by an unknown computer whiz in 2009. The first cryptocurrency, bitcoin was created by Satoshi Nakamoto, who used it to send messages on forums, but now it's more commonly associated with sending money over the Internet. With its roots firmly planted in cryptography and mathematics, bitcoin has become one of the most popular cryptocurrencies available today—so popular that many people use it as their primary means of payment online or offline (think Venmo). It's also highly valued by investors because of its limited supply: only 21 million bitcoins will ever exist!
bitcoin is the best cryptocurrency
Bitcoin is the best cryptocurrency. It's also the most popular, valuable, and has the highest market cap.
Bitcoin has more than double the hashrate per dollar spent than any other currency in existence (Blockchain). The total hashrate of all cryptocurrencies combined is less than half that of bitcoin alone!
Conclusion
We’ve covered a lot of ground in these five cryptocurrency picks. We hope that we’ve given you an unbiased look at the pros and cons of each coin, as well as their potential for growth if you choose to invest in them. But most importantly, we want to remind you that this is just one perspective on the world of crypto: there are many more coins out there with different values and uses, which means there isn’t just one right answer when it comes time to make your own decisions about what type of investment will work best for your portfolio
