Cryptocurrencies are a hot investment right now, as they’ve shown tremendous growth in recent years. However, with so many different cryptocurrencies, it can be tough to know which ones are worth investing in. Whether you’re an individual looking to get in on the cryptocurrency craze or a seasoned investor looking to add some new digital assets to your portfolio, here are six leading cryptocurrencies that you should consider buying in 2022:
Bitcoin
Bitcoin is the original cryptocurrency, and is still the most well-known and most valuable, with a market cap of over $1 trillion. As with most cryptocurrencies, Bitcoin runs on a blockchain, a decentralized, digital ledger that records transactions.
However, Bitcoin also has other features that set it apart from the rest. For example, it’s known for having some of the fastest transaction speeds in the industry, and its creators remain anonymous; a rarity among cryptocurrency developers.
Tether
Tether is among the upcoming digital currency trends in the U.S. and is quickly gaining foot in the international market. Its increased usage in recent years is attributed to stable world currencies like the U.S. dollar, UK pound, and the Euro. For this reason, Tether is considered a stable coin and is a great choice to invest in if you’re looking for a digital currency that is not as volatile as Bitcoin. Visit here to learn more about how to buy tether.
Ethereum
If you’re looking for an investment that has the potential to generate high returns, Ethereum is a cryptocurrency you should consider investing in. Often referred to as the world computer, Ethereum is a decentralized platform that runs smart contracts. Its popularity is due to several factors, such as its innovative technology, scalability potential, and a strong community of developers backing it.
Binance Coin
Binance Coin is the native cryptocurrency of the Binance exchange. It was created to be used as a payment method on the Binance exchange and can be used to pay fees and trade a variety of cryptocurrencies. Binance Coin has performed exceptionally well since its launch, providing investors with high returns. Today, Binance Coin is used for trading, booking travel arrangements, and payment processing, besides facilitating trade on the Binance exchange.
Dogecoin
Dogecoin is a Bitcoin fork that was created in 2013 as a joke, named after the popular Doge internet meme. Dogecoin started as a fun and friendly cryptocurrency but has since grown to become one of the most widely used cryptocurrencies. Today, Dogecoin is used for tipping content creators, online gaming, and charitable donations.
Cardano
Cardano is a decentralized blockchain created by the crypto company Input Output Hong Kong (IOHK) and led by Charles Hoskinson, former co-founder of Ethereum. Cardano’s coin, ADA, is one of the most promising cryptocurrencies due to its technological innovations, such as Plutus and Marlowe, which make it an innovative contract platform that rivals Ethereum.
Crypto investing is a speculative and high-risk endeavor. However, if you do your research and invest wisely, you could see substantial returns on your investment. The six cryptocurrencies we’ve mentioned above are worth considering for your portfolio in 2022.
