What are the Best and Trusted Cryptocurrencies to Invest in 2022?
Stepping into the crypto world is a scary thought especially if you are new to it. Massive volatility and fluctuation in the crypto industry are not for the faint of heart. You have to be mentally prepared to face drastic ups and downs. There are a large number of cryptocurrencies available to trade now. Deciding which one to choose can be difficult if you have no prior knowledge about it.
Investments in cryptocurrency, particularly Bitcoin and Ethereum, have increased significantly in recent years. To those investors who are interested in following the developments in the cryptocurrency industry. Here is a list of the best cryptocurrencies to start investing in the last quarter of 2022:
Bitcoin is one of the top ten cryptocurrencies currently trending in the cryptocurrency market.
is based on a blockchain, which is a ledger that records transactions and is spread across a network of thousands of computers. It is a decentralized digital currency that is sent directly to users on the peer-to-peer bitcoin network without the involvement of a middleman. Bitcoin does not have a central bank or a single administrator. As Bitcoin has become a household brand, its price has risen.
Ethereum, as a cryptocurrency and blockchain platform, is a favorite among programmers due to its wide range of potential uses. It is a decentralized software platform that allows Smart Contracts and non-fungible tokens (NFTs), which are automatically implemented using established parameters. Ethereum has grown tremendously as well.
In the cryptocurrency realm, Bitcoin is equivalent to gold, whereas Litecoin is equivalent to silver. Litecoin is a well-known alternative coin that was among the first. The market cap of Litecoin is $2.59B, which is significant, and the coin has a faster transaction speed than Bitcoin.
Binance Coin (BNB)
Binance Coin is a cryptocurrency that can be used to exchange goods and payments and is one of the top crypto exchanges in the world. Since the debut of Binance Coin in 2017, it has evolved to facilitate more than simply Binance trades. It allows you to buy, sell, and handle payments as well as plan travel. You can also trade and exchange the cryptocurrency for other cryptocurrencies like Bitcoin or Ethereum.
BFIC, a high utility-based coin, was created to fill a void in the market. The main reason for the creation of BFIC is to upscale the utility of cryptocurrency and encourage widespread use. BFIC comes with an ecosystem that contains multiple projects from NFT trading, E-Store, Decentralized Exchange, Smart Contracts, Real Stake-Mining, and much more.
BFIC has already started trading and is expected to increase in value greatly over time currently trading at 25$ . It has already established itself as a promising cryptocurrency by displaying great strength through its whitepaper and roadmap. Successful IEO was conducted recently where thousands of people participated wholeheartedly.
XRP or Ripple
Ripple was founded in 2012 as a digital technology and payment processing startup. Ripple Labs is the company that invented and designed XRP as a payment token. On that network, XRP can be used to facilitate exchanges of various currency types, including fiat currencies and other major cryptocurrencies.
For Cardano, proof-of-stake quickly became the industry norm. Unlike platforms such as Bitcoin, where transaction verification is a competitive, problem-solving activity, this solution eliminates this component to lower transaction time and energy usage, and emissions. Cardano’s native coin, ADA, can also be used to build decentralized applications and smart contracts.
Solana, which was created to support decentralized financial (DeFi) applications, decentralized apps (DApps), and smart contracts, is based on a unique hybrid proof-of-stake and proof-of-history method that allows it to process transactions rapidly and safely. The platform is powered by SOL, Solana’s native cryptocurrency. In November 2021, it was one of the top cryptocurrencies to invest in.
Originally published at https://blogsact.com on November 15, 2021.