Buying cryptocurrency coins is a good investment exposer for your portfolio. If you manage your investments strategy properly, cryptocurrencies can be the best digital asset for you. Trading on crypto considers as one of the easy ways to make money by youngsters, but high risk is also involved in this most volatile crypto market.
Each day new cryptocurrencies are invented by developers, so there are hundreds of cryptocurrencies trading on the crypto exchange platforms like swyftx.com. Hence, choosing the right crypto is a crucial part. In this post, we are going to list the ten best cryptocurrencies to get rich in 2022.
List of the Top 10 Cryptocurrencies to Invest in 2022
Bitcoin is the first cryptocurrency created under the pseudonym Satoshi Nakamoto in 2009. It runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. It has the most valued market cap of nearly $1 trillion and is widely trading coins. Bitcoin takes a lot of the advantage of being the first cryptocurrency and a single Bitcoin’s price reached over $44,000.
Ethereum reached a market cap of $500 billion and second most popular digital coin. If you missed getting into bitcoin, Ethereum might be the best deal at the current price. Ethereum blockchain technology supports smart contracts for using a wide range of applications. For example, It is well-suited for creating non-fungible tokens (NFTs). From April 2016 to March 2022, its price went from about $11 to over $3,000, increasing more than 27,000% tremendous growth.
3. Binance Coin
The Binance Coin is one of the biggest crypto exchanges in the world. When traders pay transaction fees on Binance, they will get discounts. Its current market cap of nearly $100 billion. By the beginning of March 2022, it is trading around $413. Binance Coin was just $0.10 in 2017.
Tether is a stable coin compared to other extreme volatility of cryptos. It gets more attention among the investors. Tether’s market cap is US$73 billion in March 2022. All stable coins tie their value to another asset. So, Tether is backed by U.S. dollars and the Euro. Tether is 100% backed by actual fiat currency assets so 1 USDT should in theory always equal $1.
5. USD Coin
Similar to Tether, U.S. Dollar Coin is a stablecoin and it’s backed by U.S. dollars. It trades a 1 USD to 1 USD Coin ratio. It’s powered by Ethereum, and you can use USD Coin to complete global transactions.
As of 2021, over 300 million people are trading or investing in cryptocurrency, and crypto users continuously growing. Over18,000 businesses are accepting cryptocurrency payments worldwide. Source: triple-a.io
Like Ethereum, Avalanche has a blockchain software facility that will create and support smart contracts powered by a native token. It was created in 2020, since then it is growing rapidly. Avalanche is one of the best cryptocurrencies to buy in 2022.
Solana launched as an open-source blockchain platform in April 2019. This high-performance blockchain supports builders to create crypto apps around the world. Its market cap is over $33 billion. This high-speed blockchain is one of the best performing cryptocurrencies in 2022. Solana’s network handles more than 710,000 transactions per second.
A digital technology and payment processing company Ripple launched XRP digital asset in 2017. Its market cap rose to over $35 billion in 2022. XRP growth relies on Ripple growth, so if Ripple succeeds, you could make a sizable return XRP.
9. Terra (LUNA)
Terra is a public blockchain payment platform for stablecoins. This peer-to-peer cryptocurrency with a strong focus on the payments industry. From Jan. 3, 2021, when its price was $0.64, to the beginning of March 2022, Luna has risen over 14,200% to $92.
Cardano is a blockchain platform built on a proof-of-stake consensus protocol. The market cap is more than $33 billion in March 2022. Cardano also works like Ethereum to enable smart contracts and decentralized applications.