5 Best Crypto Currency to Buy in 2022
Best Crypto currency is becoming more and more important with each passing day. There are a number of reasons for this, but the most important one is that it provides a secure way to store and transmit value.
Unlike fiat currencies, which are subject to inflation and other economic forces, crypto currency is immune to these forces. This makes it an ideal way to store wealth, as well as to make international payments.
In addition, crypto currency is also becoming increasingly popular as a means of investment. Many people believe that it has the potential to become the global currency of the future. As such, it is likely to continue to grow in importance in the years to come.
In short, the best cryptocurrencies in 2022 aren’t just currencies; they are native assets to some of the most exciting firms and initiatives in the financial world.
So, what is the best crypto to buy now? Here are the top crypto currencies to buy in 2022!
1. Bitcoin Cryptocurrency
Bitcoin, the granddaddy of all cryptocurrencies, is still the top crypto currency to buy if you want to make money. It is one of the market’s very first inventions and the best-known cryptocurrency. It also has the largest market cap and is one of the most heavily traded crypto currencies, providing investors with liquidity. Bitcoin tops the list every time a retail and industrial adoption is considered. Also, most altcoins follow the exact price trends of Bitcoins, so if that goes down.
2. Ethereum
Ethereum is another good cryptocurrency to buy. While it’s not as popular as Bitcoin, it’s still the second largest cryptocurrency by market capitalization. And like Bitcoin, Ethereum’s price has also surged over the past year. Since its introduction in 2015, Ethereum has gained massive popularity mainly because it is the first-ever currency to introduce smart contracts in the crypto market.
A group of industry titans, including Microsoft, Intel, Chase, and J.P. Morgan, is developing business-ready versions of the software that powers Ethereum. Considering all the market enthusiasm behind the Ethereum project, we can conclude that investors should include Ethereum in their crypto currency portfolio. Ethereum can be purchased through Coinbase, Gemini, and Voyager.
3. Polkadot
Polkadot (DOT) is a one-of-a-kind PoS coin that provides compatibility with other blockchains.
Polkadot was built by Gavin Wood, another member of the Ethereum project’s core founders who had divergent views on the project’s future. Polkadot has a market value of around $6.9 billion as of July 8, 2022, and one DOT is worth $7.12.
4. Dogecoin
Dogecoin famously began as a joke in 2013 but quickly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. In 2013, two software programmers, Billy Markus and Jackson Palmer invented Dogecoin. Markus and Palmer apparently designed the coin as a joke, reflecting on the cryptocurrency market’s rampant speculation.
Unlike many other cryptocurrencies, there is no limit to the number of Dogecoins that can be created. Dogecoin (DOGE), considered by some to be the first “meme coin,” made a sensation in 2021 when its price surged. Some prominent corporations use the currency as a means of payment.
In 2017, the value of Dogecoin was $0.0002. By August 1, 2022, its price had risen 33,400 percent to $0.067. Dogecoin has a market valuation of $19.2 billion as of July 8, 2022, and one DOGE is worth roughly $0.07, making it the tenth-largest cryptocurrency.
5. Chainlink (LINK)
If you have been following the crypto world, you have probably heard of Chainlink. Chainlink is a type of cryptocurrency that helps to secure data and facilitate transactions between different blockchain-based systems. In other words, it acts as a link between different blockchains, which makes it an essential part of the overall ecosystem. One of the most important things that Chainlink does is provide data to smart contracts. By connecting different blockchains, Chainlink allows smart contracts to access off-chain data, which opens up a whole range of new possibilities.
In short, as the world increasingly moves towards automation, Chainlink has the potential to become an essential piece of infrastructure.
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