Best Cryptocurrencies to invest in 2022
As we have mentioned in our previous articles, investing in cryptocurrencies is risky.
Last year showed us that those who choose to trade crypto can make phenomenal profits, some tens or even hundreds of percent in one year, which any other type of investment can not match.
On the other hand, We have heard stories of people who have lost all their savings by risking and going into the hands of lesser-known coins.
That is why our advice is as if you want to enter this market, to opt for those known cryptocurrencies and keep them, in the long run, to wait to make a profit with them, especially if you are a beginner.
So here is a list of the best cryptocurrencies to invest in 2022 and sell them sometime in the future when their price rises:
As we showed a little above, Bitcoin is the king of digital currencies, dominating the crypto market.
It is considered by most experts in the field to be the safest crypto, and, already active since 2009, no one thinks that it can disappear overnight, as could happen with some newer currencies.
As such, it can be considered the safest cryptocurrency in which to invest in the long run.
Ethereum is the name of the blockchain company that created the cryptocurrency Ether.
The blockchain is a public open-source type and integrates the so-called smart contracts, through which you want to avoid wasting code inside the chain.
Both Ether and Ethereum are used when presenting these virtual currencies with huge potential in terms of investment with storage.
Litecoin is probably the closest altcoin to Bitcoin, being very similar to the latter.
It is an open-source and peer-to-peer virtual currency and one of the best cryptocurrencies you can invest in.
Ripple is a little different from everything We’ve presented so far. The currency was created as a blockchain-based payment solution focused on major global financial institutions, such as banks.
Nowadays, classic international transfers can take several days to complete and are quite expensive.
Well, the people at Ripple are trying to solve these problems, and we believe they will succeed since several banking institutions have chosen to use their services, the largest being Bank of America, Santander, and American Express.
That’s why we think it’s worth considering them when considering which cryptocurrencies to invest in 2022.
Cardano is presented as an environmentally friendly virtual currency. This is because their goal is to avoid the parts of the mining process that require a lot of energy to solve the mathematical equations that underlie the blockchain.
And they started implementing those smart contracts, which can make them extremely attractive for the current year.