Best Altcoins To Invest In 2022 - The development of cryptocurrency has been one of the most interesting and talked about events in modern finance. Love it or hate it, you can't deny that crypto has brought a new conversation to the financial world.
Some coins, like Bitcoin, seem to increase in value at a steady rate every year. However, some coins, such as DogeCoin, seem to dominate the conversation for a month or more before fading from popularity.
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Because of this, it can be difficult to predict which could be the best cryptocurrency to invest in in 2022. But do it right and you can reap BIG rewards.
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After that, the largest cryptocurrency (Bitcoin) was created in 2009 and has already risen over 19,000% in value. This puts her ahead of almost all of history's greatest hits.
This makes Bitcoin more valuable than all but a few of the world's largest corporations. Because of this, it can be easy to feel like you've missed the boat when it comes to investing in cryptocurrencies. However, this could not be further from the truth.
The first cryptocurrency was created 13 years ago and cryptocurrencies are still far from widely accepted. So far, only one of the world's governments has announced that they have accepted Bitcoin as legal tender.
If anything, the current crypto scene feels like the early stages of the Internet. Just as many investors wanted to get into Internet companies in the early to mid 2000s, many investors want to get into cryptocurrency.
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Disclaimer: As with any investment, this is our opinion and not financial advice! Always do your own research (DYOR) before making any investment decision.
Cryptocurrencies are a new type of decentralized digital currency. By decentralized, I mean that no bank or government controls cryptocurrencies. Instead, the tasks that go along with maintenance are distributed among users.
There are a few other characteristics of cryptocurrency that we will discuss when we talk about the first coin to invest.
However, before diving into the best cryptocurrencies to invest in (2022), there are two important things you should note:
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Bitcoin is the most popular cryptocurrency in the world and is currently the currency with the largest market capitalization. Market capitalization is a method of valuing cash flows and is calculated by multiplying total cash flows by the value of each cash flow. In the last 5 years, the price of Bitcoin has risen 8,700%. Until 2021, the price of Bitcoin is in 115%.
First, the creator of Bitcoin is completely unknown. Although he/she sometimes uses the name satoshi Nakamoto, this person (or people) is not known.
Although this may be a bit sketchy or dubious, it is actually a good thing for Bitcoin. Naturally, cryptocurrencies should be classified.
The fact that the creator of Bitcoin does not take an active role in its adoption is a
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Another reason why Bitcoin is popular among investors is that the total supply of Bitcoin is 21 million.
This means that the value of existing Bitcoins will never be reduced by the creation of new Bitcoins. This process often occurs with traditional currencies and is known as inflation. Yes, I'm sure you've heard of this money drain. When an investor buys some Bitcoin, they can trust that more of this asset will never be created.
Finally, Bitcoin is the most widely accepted cryptocurrency. Although its price is still strong, this makes it a strong contender for the best cryptocurrency to invest in 2022.
After Bitcoin, the opponent of the best cryptocurrency to invest in 2022 is Ethereum (ETH). We have to admit, Ethereum has always been our favorite. In the last five years, the price of Ethereum is more than 36,000%.
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In 2021, the price of Ethereum is in 422%. Also, Ethereum has the second largest market after Bitcoin. This number is changing rapidly but is currently around $450 billion! Current prices and updates can be found in the Ethereum Just Explained article.
The biggest complaint about most cryptocurrencies is that they require a lot of electricity and power to operate. Even Elon Musk has spoken - he loves cryptocurrency, but questions its long-term validity because of this problem. Perhaps a bit hypocritical from a man who owns several private jets…
However, Cardano is one of the new coins that are working to solve this problem. When it comes to the amount of energy that different coins need to operate, this is how Cardano stacks up to its competition:
In addition, Cardano can process up to 257 transactions per second. Bitcoin can only process 7 transactions per second. For this reason, investors see Cardano as a more suitable option for digital transactions.
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Despite these advantages, Cardano does not receive the same level of media attention that other cryptocurrencies do. For example, his social media attention is spoiled by the next coin on this list...
If you are interested in finding a cryptocurrency that has a strong use case and is off the radar of most investors, Cardano is a great choice for you.
The creators really wanted to make fun of cryptocurrencies by creating a coin that has a famous dog Meme for a logo. However, what started as a game quickly grew into a cult following. Reddit entrepreneurs rallied behind the coin and it quickly went viral, sending its price skyrocketing - to the moon!
In the last year, the price of Dogecoin is more than 9,000%. It peaked at 69 cents per coin and is currently at around 24 cents per coin.
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Dogecoin has become so popular that Dallas Maverick owner Mark Cuban announced that Maverick fans will be able to use Dogecoin to purchase tickets.
Dogecoin has been out of the media lately. However, could the viral nature of the coin make it the best cryptocurrency to invest in in 2022? If you have a talent for predicting price movements then there is a possibility of making a lot of money in a short period of time.
Additionally, Dogecoin has already gained traction with the Dallas Mavericks. If other businesses start accepting Dogecoin then something that started "as a joke" could quickly become commonplace.
In 2017, Bitcoin went through a fork that resulted in the creation of a different type of currency. Bitcoin Cash is a different form of Bitcoin that uses large blocks. These larger blocks allow more transactions to be processed and increase the overall value of the currency.
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Bitcoin was originally created to be used as a digital currency. However, as we have seen before, the Bitcoin network can handle many transactions at the same time. This limits the power that can be used as money.
However, investors have always come to Bitcoin as a store of value (which has led to its price increase). Bitcoin Cash was created in 2017 with the intention of being useful for use as money. However, despite its solid performance, the price of BCH has not risen as high as BTC.
If you believe that cryptocurrencies are meant to be used as a long-term digital currency (as opposed to an asset), then Bitcoin Cash is a great choice for you.
The price of Bitcoin Cash peaked almost 5 years ago in 2018 at $3,000 per coin. Since then, it has fallen by about 80%. The price of Bitcoin Cash is currently around $600 per coin. Can Bitcoin Cash make a comeback in 2022?
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Before ending this review, we know that a week in the crypto market can feel like a year IRL, so we want to leave you with 3 more altcoins to consider investing.
Avalanche is a layer 1 blockchain, which means it was once called the "Ethereum Killer". While there is a possibility that the future will be a multi-chain presence, what Avalanche does well is Defi (Financial Intensity). Transactions are much cheaper than Ethereum and offer a higher number of transactions per second, which keeps it that way.
AVAX, as it is referred to, has a growing ecosystem that includes dapps creating a market like Trader Joes, and allows it to compete in the gaming world.
With the support of VCs and large investors, those coins that were bought in the first round of fundraising are now open, and although this may contribute to the selling pressure, there are no new surprises.
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By 2022, the absolute market capitalization will reach $45 billion with a coin price of $117 per Avalanche crypto token. This is 1/10th of the market capitalization of Eth, and although it does not have the network effect of a big name, it has the highest value locked in Defi smart contracts and is likely to be around for a while . .
Polkadot is the project of Gavin Wood, the former founder of Ethereum. Polkadot and the Kusama network, are focused on the goal of cooperation in the web 3. This means, it is not an Ethereum killer, it is an Ethereum integrator. Using Polkadot, applications on one blockchain can easily connect to another.
It's still early days, and work on Kusama's "canary chain" has indeed been seen until December 2021, but it's longer,
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