Are you looking to start your crypto journey? With so many forms of cryptocurrency on the market, it’s difficult to know where to start.
To help you figure out where to begin, our team at Valles Accountants have outlined the top 20 cryptocurrencies to buy in 2022. Read on to find out where you should be putting your money.
Bitcoin is the most common cryptocurrency. It is the oldest digital currency, and the one most people know about. As the number one coin globally, there are many reasons to be investing in Bitcoin.
Invented in 2009, Bitcoin’s market cap is nearly USD 1.1 Trillion – meaning many people have had success investing in this cryptocurrency. Bitcoin continues to be a top cryptocurrency in 2022 as its relevancy hasn’t seemed to diminish over time.
Ethereum is a close second to Bitcoin when discussing popular cryptocurrencies. With a market cap of around USD 500 Billion, Ethereum continues to skyrocket as it can be used for various applications, including creating NFTs. Hence, due to its real-world utility, Ethereum may be something to look out for in 2022.
Binance is the biggest cryptocurrency exchange globally – which is why Binance Coin has become so popular in the digital coin market. Binance Coin currently has a value of over USD 96 Billion. This platform is beneficial as investors who pay fees with Binance Coin receive discounts.
Solana’s market cap stands at USD 65 Billion and is constantly rising. Many investors using Ethereum are now changing to Solana, as it offers faster processing speeds and lower transaction fees.
Avalanche is on a mission to replace Ethereum as the most widely used blockchain platform. Avalanche boasts a faster transaction processing speed than Ethereum, at 4,500 transactions per second.
Stellar is a top cryptocurrency that offers investors low-cost, cross-border transactions. With Stellar, you can create, trade and send digital representations of all forms of currency. This includes currencies such as dollars, bitcoin, and anything else you can think of.
Cardano is a third-generation digital currency. Its market cap is at USD 45 Billion and is constantly on the rise. It facilitates peer-to-peer transactions for easier access and usage.
Created as a meme digital currency, Dogecoin was designed to poke fun at other cryptocurrencies gaining traction in 2013. However, Dogecoin has since become the most popular meme cryptocurrency, with a market cap of around USD 22 Billion.
Celsius has a market cap of just under USD 1 Billion and is relatively new to the cryptocurrency market. You may want to investigate Celsius as it offers high yields on deposits.
Nano has been designed to allow for secure and instant payments. With a market cap of USD 484 Million, Nano seems to just be getting started.
While we’ve discussed the 10 most popular cryptocurrencies on the market today, there are other virtual currencies to be on the lookout for in 2022.