One of the key differences between cryptos and traditional currencies is that cryptos like Bitcoin are not controlled by a central bitcoin system app.
Bitcoin is certainly the most valuable digital asset to invest in, but one of the positive things about the crypto market is that Bitcoin is not the only option to go with; you can come across thousands of other options. The crypto market features more than 20,000 cryptocurrencies and you can pick any based on their price and potential.
6 Cryptocurrencies To Put Your Money On In 2022
In this section of the article, we have shortlisted the 6 most promising cryptocurrencies ideal for investment in 2002. If you are ready to dive into the crypto market, read on to know more in detail!
Bitcoin/BTC
The oldest crypto in the market remains at the top of the chart in bitcoineras.com, as the world’s most valuable cryptocurrency is still the most profitable prospect to invest in. Many reputable global businesses have come forward to recognize Bitcoin as a currency for transactions. Some top-ranked banks have also insisted on including Bitcoin transactions for their customers.
Global auto giant Tesla had accepted Bitcoin for transactions for a while. The company decided to walk back due to some environmental issues. Bitcoin has all the potential to beat the odds and stand stall as the most valuable crypto in the market.
Ethereum/ETH
For some crypto experts, Ethereum is the only cryptocurrency in the market that can overthrow Bitcoin in the future. ETH has already emerged as an important part of the crypto market and its tokens are considered one of the most precious blockchains.
One of the key reasons why ETH has been included in the list is that an investor can purchase ETH coins with massive discounts. Analysts predicted the market for ETH will recover and it may touch its 2021 price rally again. In 2021, the value of an ETH coin touched USD 4,800 mark.
Solana/SOL
Solana is one of the most promising cryptocurrencies in the market. SOL is not only the fastest-growing digital currency in the world but it is also a part of the most exciting crypto ecosystem. Such positive aspects can take the value of an SOL token to a new height.
Like Ethereum, SOL is also being sold with massive discounts. The digital currency has already proved its toughness against market fluctuations and that is why it is rated as one of the most promising cryptos to invest in for 2022.
Binance Coin/BNB
Between January and May 2021, Binance Coin took some giant leaps. The value of BNB rose from USD 38 to USD 683. It is a high-performing digital currency and it can be a stable investment option for investors.
When it comes to Bitcoin investment, it is, no doubt, a highly volatile investment option to invest in and you should do some research to assess the right time to invest in this digital asset.
Avalanche/AVAX
Developed on a highly scalable blockchain system, Avalanche is a new promising player in the fray. The system uses three different blockchains to record and validate transactions. This helps AVAX to deal with a large number of transactions.
Avalanche started its journey in 2020. The value of an AVAX coin rose from USD 9.34 to USD 146.22. As per the financial investment reports of August 2022, AVAX coin had a market price value of USD 23.09.
Polygon/ MATIC
Developed by the same team that worked for the Ethereum blockchain system, Polygon enjoys a favor from Coinbase and Binance crypto exchange platforms. MATIC tokens are used for many purposes including transactions, payment services, and as a currency for settlement.
Polygon is currently housing more than 19,000 decentralized applications; some of them are from global giants like Meta and Stripe. Polygon’s resolution for carbon neutrality has also contributed to its price rallies.
Conclusion
Our list includes some of the most promising and best-performing cryptocurrencies to invest in for 2022. Thousands of digital currencies are out there, and you can browse to find more. If you are a beginner, you must choose a reliable crypto trading platform first to make your experience safe and hassle-free.