The topic of investing in cryptocurrencies is not new. Some people are skeptical about that. But is the fact that, cryptocurrency is becoming more and more popular, and paper writers are writing more articles about it. If you set a goal to invest in cryptocurrency, it can be a great way to make extra money.
Strong swings characterize the cryptocurrency market. Since the creation of Bitcoin in 2009, many digital currencies have emerged. Some cryptocurrencies have managed to stand out and remain in the “top ten” of the best cryptocurrencies by market capitalization. Others, on the contrary, have fallen into oblivion.
As will be seen below, each of these digital assets has its characteristics and personality. The market passes judgment, and the projects that have gained the most attention get a place among the top ten cryptocurrencies in 2022.
What are the best cryptocurrencies in 2022 by largest market capitalization?
Table of Contents
Bitcoin (BTC)
Bitcoin is the oldest cryptocurrency and the first in the ranking by market capitalization and far ahead of its followers (over $189 billion).
It is considered the queen of digital currencies, setting trends in the market. With it, the universe of cryptocurrencies and blockchain was born.
From the oldest known price, the approximate return on an investment in Bitcoin is 7,486.34%.
One of the main characteristics that make it a valuable asset is the limitation of its monetary supply. As soon as 21 million Bitcoins are reached, it will not be possible to mine anymore. Currently, there are a total of 18,831,218 Bitcoins in circulation.
Its scarcity causes demand to act firmly and present violent movements, dragging other cryptocurrencies along with it. It is only necessary to pay attention to its historical prices. In July 2013, it had an exchange rate of $65.13. Some five years later, in December 2017, it set a high of $20,089.00. And in. 2021, it set a new ATH of $64,110.00.
Ethereum (ETH)
In the second position of the top of the best cryptocurrencies in 2022 is Ethereum, another of the oldest and most significant.
Ethereum is the name of the network or platform. The digital currency circulating on this platform is called Ether (ETH).
Ethereum was launched in 2015 (six years later than Bitcoin). Its goal was to create an open-source network different from Bitcoin. Its particularity is that it allows the creation of “smart contracts.” In other words, software that releases transactions in this cryptocurrency only and automatically if a series of conditions are met.
Smart contracts provide security to commercial transactions, avoiding the interference of a third party that accredits the fulfillment of the conditions agreed to liberalize the payment.
Ethereum reaches a market capitalization of about 355 billion dollars at subscribing to these lines. There are 117,745,606 Ethers in circulation.
Tether (USDT)
With the symbol USDT, Tether was created to adopt the same value as the United States dollar (USD). It eliminates the risk posed by the volatility inherent in cryptocurrency markets. It is a stable cryptocurrency or “stable coin.”
Tether is one of the most liquid cryptocurrencies (it usually has a higher daily trading volume than Bitcoin). While its market capitalization amounts to just over 68 billion and places it third in the ranking.
Because its value is always adjusted to the US dollar, its exchange price remains around $1 (in fact, its all-time high was set on May 27, 2017, at an exchange rate of $1.21).
Cardano (ADA)
Cardano is a Proof-of-stake blockchain platform, and it aims to enable innovators, visionaries, and change-seekers to generate positive global change.
The project was funded in 2017 and, since its inception, co-wrote a lot of traction and has always been well known. Their community is one of the largest in the Crypto world, and their founder and CEO, Charles Hoskinson, is one of the most respected people. They have recently launched intelligent contracts and have seen a boom in their share price.
Binance Coin (BNB)
Binance Coin is the utility token of the world’s largest exchange, Binance. This exchange launched the coin in June 2017. This coin has created behind its own a decentralized network with meager fees to take market share away from Ethereum.
It currently ranks in the TOP 5 cryptocurrencies globally and treasures with a market capitalization of $64 billion.
XRP (XRP)
XRP is the cryptocurrency created by Ripple. We must distinguish Ripple as a platform, and the cryptocurrency exchanged on it: XRP. The confusion comes because previously, this currency was also called Ripple.
In short, XRP is a cryptocurrency designed to make up for certain shortcomings of Bitcoin. Precisely the speed in transactions. Bitcoin has a verification system that takes up to an hour to complete transfer operations. Meanwhile, XRP transactions are practically instantaneous (it usually takes about 5 seconds).
Many banks and institutions use the solutions of Ripple Labs (the company that developed the Ripple protocol) to create their payment system. Through RippleNet, it is possible to use any currency with this network.
An important note is that the 100 billion XRP that makes up the total money supply is already available. XRP cannot be mined. There are just over 46 billion of these cryptocurrencies in circulation. Their market capitalization amounts to about $44 billion.Its market capitalization amounts to about $35 billion.
Solana (SOL)
Solana, one of the revelations of 2021, talked about even in the news. It is a highly functional open source project functional based on the nature of the blockchain to provide decentralized financial solutions (DEFI).
Its launch was in 2020 as an ICO on CoinList between 0.04$ and 4$ depending on when you bought… Words are superfluous to talk about the profitability obtained by investors (Solana reached over 200$).
The current capitalization is 35 billion. Crazy for the short time it has been on the market.
USD Coin (USDC)
USDC is the official stablecoin of Coinbase. This coin is pegged to the US dollar at a 1:1 ratio. This stablecoin is one of the most valuable currencies. They give profitability for it, and you can make payments through Coinbase’s own created payment platform.It currently has a capitalization of $31 billion.
Polkadot (DOT)
We move on to value a multi-chain cryptocurrency : Polkadot. This technology allows the interaction of different blockchains. For what purpose? To improve security and performance.
Some institutions create their blockchains. Each blockchain works with its data and transfers its cryptocurrencies. However, Polkadot allows transactions between them.
If we previously mentioned the importance of scalability, Polkadot eliminates saturation by allowing transactions on several chains in parallel.It occupies one of the top positions in the ranking of top cryptocurrencies in 2022, with a capitalization of about $19 billion.
Dogecoin (DOGE)
The famous meme coin was vitalized mainly by the famous and media-rich Elon Musk. Dogecoin is based on the popular internet meme “doge” and features a Shiba Inu in its logo. The open-source digital currency was created by Billy Markus of Portland, Oregon, and Jackson Palmer of Sydney, Australia, and forked from Litecoin in December 2013. Its capitalization stands at $19 billion.
How to invest in these cryptocurrencies?
To invest in Bitcoin, the featured cryptocurrency in this ranking of the best cryptocurrencies of the year, there are different ways: from cryptocurrency exchanges, investment funds, or CFDs.
What are the best cryptocurrencies to invest in 2022?Among the cryptos that stand out, you can find Cardano, Polygon, Polkadot, and Ethereum, which are some of the cryptocurrencies with the most significant potential in 2022. In addition to cryptocurrencies associated with the Metaverse.
Ether is one of the most exciting cryptocurrencies to invest in 2022. Being a safer, sustainable, and more scalable asset makes it one of the “cryptocurrencies to invest in 2022”.
Among the cryptocurrencies with the largest market capitalization, Bitcoin, Ethereum, and l2, Solana, Polkadot, and Polygon stand out, and some others have “a significant adoption ratio to grow in 2022. Said cryptos within the bearish scenario in the cryptocurrency market, said set are the ones that can offer the most resistance in the face of the bearish price. Among them: are Solana, Terra luna, Polygon (Matic), Polkadot, Cardano, Bitcoin, and Ether.
