We have all seen the headlines about how much investors lose in crypto digital currency. But as one of the most exciting and profitable investments, it only makes sense to diversify your portfolio with a few coins with solid potential. Here are the top 10 cryptocurrencies to pick from in 2022.
Ethereum is a decentralized platform that allows for smart contracts, which are algorithms that execute precisely as intended with no chance of interruption, censorship, fraud, or outside meddling.
Ethereum was invented by Vitalik Buterin in 2014. He described it as "a system for creating decentralized applications." As such, Ethereum can be seen as a blockchain-based general-purpose computing platform with programmability built in via its language (Solidity).
Chainlink is a decentralized oracle network. It's a blockchain-based middleware that enables smart contracts on various networks to connect with critical resources off-chain. The Chainlink network consists of two components:
- The Chainlink Node, which receives requests from users and mediates between them and their corresponding smart contract.
- Oracles, which provide information about specific events to fulfill requests.
Ripple is a payment network for banks. It's the third largest cryptocurrency by market cap, with XRP being its native currency.
Ripple has been around since 2012 and has grown into an international enterprise with more than 100 customers in its network. This includes major financial institutions like Santander, UBS, and Bank of America Merrill Lynch.
Bitcoin is a decentralized, peer-to-peer digital currency created in 2009 by an unknown person or group of people going by Satoshi Nakamoto. It is the most popular cryptocurrency, with a market capitalization of over USD 100 billion and employing thousands of developers worldwide to develop new features.
5. Stellar Lumens
Stellar Lumen is a cryptocurrency that is based on the Stellar blockchain. It was created by Jed McCaleb and Joyce Kim, who also made Ripple (XRP). This cryptocurrency has a market cap of USD 8 billion and ranks 8th by market capitalization.
Stellar Lumens aim to be an improved version of Bitcoin, with faster transaction speeds and lower fees than its predecessor. Stellar Lumens uses an ambitious consensus algorithm called Proof-of-Stake consensus, which means that holders of tokens can use them to control nodes within its network rather than miners because they hold enough coins at stake to make this happen.
6. Binance Coin
Binance coins can be used to pay fees on the Binance exchange and traded for other cryptocurrencies on the platform.
The price of BNB has fluctuated wildly over time, but it's currently trading at around $11 per coin—which means you'll need about 1 million cash to buy one bitcoin at today's price level.
Polkadot is a blockchain that connects many blockchains. It was designed to solve the scalability problem of Ethereum, which is why it's such an exciting project right now.
Polkadot has been around since 2017 and moved from beta testing to leading net status in 2019. The team behind Polkadot claims that their platform can support thousands of transactions per second (TPS), which makes it faster than any other blockchain in existence at present.
Cardano is a platform aiming to solve many problems plaguing the cryptocurrency industry. Cardano has a unique blockchain built on scientific philosophy and peer-reviewed academic research.
Cardano uses a proof-of-stake algorithm called Ouroboros, making it one of the most secure cryptocurrencies today.
EOS has been around since 2017 and is based on the Delegated Proof of Stake (DPoS) consensus mechanism. According to the official website, EOS aims to create an operating system for decentralized applications (dApps).
TRON [TRX] is a cryptocurrency that can be used to make transactions on the TRON network or any other platform that uses it. It'sSeveral companies have also adopted it as an alternate way of paying for services or products online (such as BitTorrent).
The future of cryptocurrency is bright. With a lot of innovation in the space, we may be on the cusp of seeing even more new projects. The best thing about this list is that it gives us an idea of what cryptocurrencies we will see in 2022, giving a clear picture of where, when, and in which currency to invest. To know more about it, one can also visit the bitcoin trading platform from which one can get more knowledge about cryptocurrency.