Top 5 Cryptocurrency Coins you should invest in 2022.
Do you know that currently there are 1583 cryptocurrency listed on coinmarketcap.com?
From TamaDoge and Crypto Snack to Bitcoin and Ethereum. There are thousands different coins you can choose to invest in.
For some people, those numbers make them feel overwhelm and confuse to select which one the best cryptocurrency in this years.
But, fret not, In this article, we have compiled top 5 cryptocurrency you can purchase in 2022.
The first cryptocurrency is Bitcoin. Launched in 2009 by someone under an alias, Satoshi Nakamoto, we can say that Bitcoin is the original of cryptocurrency.
According to coinmarketcap.com market cap for Bitcoin is over $428 billion. Back in May 2016, you can purchase a Bitcoin for $500, but as of September 13, 2022 one Bitcoin is sold for $22,398.
This coin has been popular lately, thanks to the Ethereum Merge event, an upgrade to the Ethereum platform transitioning from proof-of-work to proof-of-stake.
Created by Vitalik Buterin in 2013, Ethereum has also experience a rapid growth. Ethereum price went up from around $11 in April 2016 to over $1,720 in September 13, 2022 with market cap more than $210 billion, according to coinmarketcap.com.
Differ from the others that runs on the blockchain technology, Tether is a stablecoin meaning It’s backed by fiat currencies like dollars and euros, so it keeps a fixed value that’s equal to one of them.
Therefore, investors who are wary of other cryptocurrencies’ extreme volatility are attracted to Tether because its value is expected to be more consistent than other cryptocurrencies.
Released in 2017, Binance coin is a cryptocurrency you can trade and pay fees on the biggest crypto exchanges in the world, Binance.
Currently, this coin can be used to book travel arrangements, payment processing and trading.
When it initially launched, BNP price was only $0.10 then it went up to $292.85 for a single coin in September 13, 2022.
The last coin you can invest in 2022 is XRP. Ripple is behind this coin, it is a company focuses on digital technology and payment processing.
On that network, XRP can be used to facilitate exchanges of different types of currencies, including fiat currencies and other cryptocurrency.
In 2017, a single XRP was sold for $0.006 but today on September 13, 2022 the price is $0.3562 with market cap more than $17 billion.