The performance of cryptocurrencies inuble finding the best cryptocurrency to invest in in 2022. We’ve all been through it, so don’t worry! I understand how confusing you are when you first start looking for a new cryptocurrency investment. That’s why I’m here to help. So, are you also looking for the next cryptocurrency to invest in in 2022? Do you find yourself wondering “Should I invest in Bitcoin?” or “Should I invest in Ethereum?“
Well, that’s not surprising! I’m here to answer all your questions. By the end of this guide, you will know how to find cryptocurrencies to invest in in 2022. Also, if you wish to trade, you should choose the top three cryptocurrency exchanges: Coinbase rent mercedes in dubai, Binance, and Coinmama. But first, let’s talk about the recent growth of cryptocurrencies. The cryptocurrency market so far The first born cryptocurrency, Bitcoin, was invented back in 2009 and this was just the beginning, although, no one really knew about Bitcoin until 2013. Also, no one even thinks it has the potential to be the best cryptocurrency to invest in. However, since 2013, the cryptocurrency market has seen tremendous growth – growth that is hard to ignore. There are now over 1500 different cryptocurrencies, all of which were created in less than 5 years.It is clear that 2017 was the year when crypto really exploded. The market cap of cryptocurrencies has grown by 4000%! In March 2017, the market capitalization of all cryptocurrencies was around $21 billion, and it is now over $454 billion. That is huge!
The Bitcoin market is no longer just the Bitcoin market. Other cryptocurrencies have also entered this space, such as Ethereum, Litecoin and Ripple. All of these have performed extremely well over the past year and can be called “the best cryptocurrencies to invest in”. The following chart from CoinMarketCap shows how the cryptocurrency has grown over the years.
Much has been said about the future of cryptocurrencies. Some people believe that the cryptocurrency phase will not last long, while others believe that they will be here forever. It’s hard to predict the future of cryptocurrencies, but what I do know is that the popularity of cryptocurrencies will only increase. One of the reasons cryptocurrencies are becoming more popular is because of blockchain technology, the main technology behind all cryptocurrencies.
Blockchain technology is the next big thing – it’s a security technology that Bitcoin first used.
However, you cannot learn how to invest in blockchain. Instead, you can learn how to invest in cryptocurrencies that use blockchain (all of them!)
Are you ready to learn about the next cryptocurrency to invest in in 2022?
Well, let’s get started.
What is the best cryptocurrency to invest in in 2022? Below,
you’ll find a selection of some of the best cryptocurrencies to invest in in 2022 and beyond (well, at least for the foreseeable future).
Table of Contents
Bitcoin (BTC):
If you’ve only heard of one cryptocurrency, it’s probably Bitcoin. It is the largest cryptocurrency – it currently holds a 40% share of the total cryptocurrency market cap! Also the oldest cryptocurrency, it still dominates the market. So if Bitcoin continues to grow like it did in 2017, it might be a good idea to invest in Bitcoin in 2022. The price of Bitcoin changes a lot on a daily basis and has experienced many highs and lows over the past few years. Take a look at the chart below and you’ll see how much the price has moved.
In December 2017, the price of 1 Bitcoin rose from around $76 (07.09.13) to $20,000. But then, after Bitcoin peaked in December, the price of Bitcoin fell to around $6,000 in February 2018 and has been fluctuating ever since. It’s crazy! With so much price change in such a short period of time, how do you decide the best time to invest in Bitcoin? Well, we can try to find out by looking at some important past events – when prices rose or fell sharply. A major event was the split of Bitcoin into two cryptocurrencies – Bitcoin and Bitcoin Cash. This happened on August 1st. Investors who knew this put their money in before the spinoff, made huge profits, and nearly doubled their investment! The price of Bitcoin fell to around $10,000 in January 2018, almost half of its value of $20,000 in December 2017. Many investors became concerned at this point and started selling their bitcoins. This caused the price to drop to around $6,000 in February 2018. If you are interested in getting Bitcoin, you can easily do it with Coinbase or Binance. Both are highly secure and reliable.
bitcoin investment:
If you want to invest in Bitcoin, then you need to know the latest news and trends about Bitcoin. You may want to consider buying Bitcoin when news about improvements to the new technology comes out. If the price of the underlying cryptocurrency drops significantly, it could also be a good time to buy Bitcoin as you can buy it at a low price.
Ethereum (ETH):
At the end of last year, the price of ethereum was just over $720, with a total market capitalization of about $70 billion. In early 2018, Ethereum climbed all the way, reaching its highest price of $1,423 on January 4. At this point, the total market capitalization of Ethereum is $138 billion!
Ethereum grew by around 3,000% in 2017, making it the second-largest cryptocurrency after Bitcoin.
Are you asking yourself, “Should I invest in Ethereum?”, “Has Ethereum’s price peaked?”, or “Is Ethereum the best cryptocurrency in 2022?”. Well, the truth is, no one knows! However, the following information should help you decide if investing in Ethereum is right for you.
Ripple (XRP)
Ripple, also known as XRP, is the main contender for the best cryptocurrency of 2017, with a growth rate of around 36,000%! Yes, you’re not mistaken. It grew from nearly $0 in early 2017 to $2.4 in December 2017 –
Like all other cryptocurrencies, Ripple’s price has also declined in 2018 – it is currently around $0.20.
Investors who understand what Ripple offers make a lot of money. After a fantastic 2017, Ripple could be the best cryptocurrency in 2022.
Note: Now might be a good time to invest in Ripple as it is 70% below its all-time high of $3.4 set in January 2017.
Litecoin (LTC)
Our list of the best cryptocurrencies for 2022 would not be complete without Litecoin. Just like Ripple, Litecoin had a great 2017, growing by nearly 8,000%.
The price of Litecoin rose from around $4 in early 2017 to a high of $358 in December 2017. However, like most cryptocurrencies, Litecoin followed the price trend and fell to $110 in February 2018.
Take a look at the Litecoin price chart below – you can see that the Litecoin price has risen rapidly in early 2018. The prices of both Litecoin and Bitcoin have followed a similar trend over the last year.
Tron (TRX):
Many who are looking for the best cryptocurrency to invest in (or simply – the best cryptocurrency, in general) are also trying to find a blockchain-based project that they are interested in supporting. Well, if that’s the case for you too, then Tron might just interest you – it’s a content sharing platform designed to keep your personal information in the hands of the person it belongs to – you. You can think of Tron as an alternative to YouTube, Instagram, or even Facebook Luxury cars rental dubai. All of these social media and content sharing sites collect your personal information and then share it with advertisers so they can target you with ads. For decentralized platforms, though, you don’t need to worry. However, like any other “best cryptocurrency”, Tron is not without controversy. Most of the perceived “issues” surrounding the project are actually related to its creator – although these are often dismissed as pure smear campaigns or rumors, it still affects the project!
