2021 was an amazing year for cryptocurrencies. Several new investors joined network and now using cryptocurrencies for their payments and conducting transactions. Every day, countless coins are transferred for making daily payments. Today, cryptocurrency world isn’t limited to the Fintech industry. Unbelievably, some of the most popular and the most influential people in business world are also expanding their tech domains by adding cryptocurrencies to their portfolio. Apart from the traditional banks going completely digital, newer platforms like Binance are coming up with transaction foundations and completely changing the modes of payments. So, now it is safe to say that cryptocurrencies are here to stay, and this new technology will continue to grow in 2022. In this list, we have listed some of the most popular cryptocurrencies that new investors can buy and hold in 2022.
10 – Binance Coin
Launched in 2017 by Binance Exchange, this coin trades with the BNB symbol. Binance coin is used as a utility token to pay for trading fees and transactions at a low cost. It can be traded and exchanged with other cryptocurrencies like Eth or Btc.
09 – Solana
Solana was launched in 2019 as a work based on blockchain’s permissionless nature to allow decentralized finance answers such as payments, smart contracts, stablecoins and peer-to-peer lending services. Solana project looks to facilitate decentralized app creation and uses a hybrid method of validating transactions with combined proof-of-history and proof-of-stake version.
08 – Avalanche
Avalanche project is programmable network that is distinct due to its one-layer three-chain structure. AVAX is the native token of Avalanche. A key difference between Avalanche and other decentralized networks is the consensus protocol. Experts believe that AVAX will continue to rise in 2022 as well.
07 – Ripple
Ripple is a blockchain-based digital payment network and protocol. Like Bitcoin, Ripple’s XRP unit is a digital form of currency based on mathematical formula and has a limited number of units that can ultimately be mined. Ripple transactions are known due to their lower energy consumption. It is one of the best cryptocurrencies for investment in 2022.
06 – Cardano
Cardano is a proof-of-stake blockchain platform. Cardano operates on a proof of stake consensus model, which means that this allows ADA holders to stake their ADA in just like an Ethereum 2.0. Cardano has a ton of supporters who believe in its long-term potential.
05 – Terra
Terra is a blockchain protocol which uses fiat-pegged stablecoins to power price-stable global payment platforms. According to Terra’s white paper, it combines the stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin. It is one of the best cryptocurrencies for investment in 2022 for sure.
04 – Polygon
Polygon is a blockchain platform which tries to solve many of the issues facing the Eth blockchain while still providing DeFi solutions. To be specific, the Polygon platform looks to create Eth’s network of blockchains with connecting Ethereum-compatible blockchain networks and collect measurable solutions on Ethereum.
03 – Tether (USDT)
USDT is a stablecoin that is backed by fiat currencies like the U.S dollar and Euro and generally keeps a value equal to one of those currencies. Crypto coin investors have extreme confidence in this cryptocurrency which makes it one of the most trustable choices of 2022.
02 – Ethereum
Ethereum is extremely popular cryptocurrency due to its mineable structure with highest profits. Everything is in place for Ethereum 2.0 to be launched, which will solve the biggest problem that Ethereum faces at the moment, which relates to its slow transaction speed. Investors have a lot of faith in this coin. Ethereum is one of the most popular cryptocurrency to buy in 2022.
01 – Bitcoin
Bitcoin is the first and the most popular cryptocurrency in the world. Introduced in 2009, the effect of Bitcoin is stronger than ever before, even in 2022. With its price movement still having a considerable impact on the rest of the cryptocurrency market. Without a doubt, Bitcoin is one of the best cryptocurrencies, and it is set to hit new records over the year ahead. If you are looking to invest in cryptocurrencies for the long term then Bitcoin is a must in your basket.