Why should you invest in cryptocurrencies during 2022?
Having a hard time finding the right cryptocurrency to invest in? You are not the only one. Many people who have an interest in the cryptocurrency market do not know where their money should go. After extensive research, Traders Union's team of cryptocurrency specialists brings you an overview of 10 cryptocurrencies that are definitely worth investing in during 2022.
What makes a cryptocurrency the best?
Although there are currently a large number of cryptocurrencies on the market, many of them do not have the potential to be considered as investment digital assets. We have taken into account the criteria that are part of our methodology, which has allowed us to narrow down the list of the best cryptocurrencies to those that are appropriate for trading and investment.
BinanceCoin (BNB)
The coin is currently valued at just over 310 USD. It has a Final Oscillator Value of 56.19 and a Relative Strength Index of 62.34. During the last 12 months, the value of BNB has increased significantly, from less than 20 to more than 300 USD. The coin is also backed by one of the largest specialized altcoin exchanges.
Gimbal (ADA)
Cardano is a cryptocurrency that represents a blockchain platform. The development of the platform started in 2015, but the token was not officially launched until the year 2017. Charles Hoskinson is behind the development of Cardano, who is also a co-founder of the Ethereum project. Just at the beginning of 2022, the interest in Cardano started to increase significantly. By January 4, 2022, the coin was valued at just $0.29. Currently, it has a value of 1 USD per token and continues to increase.
Ripple (XRP)
The system was developed and launched in the year 2012. Jed McCaleb and Chris Larsen are the minds behind the coin. The open source protocol used in the Ripple blockchain offers instant payment processing, along with advanced security features. In the last year, Crypto Token Migration the price of the coin varied between 0.17 and 1.96 USD.
Dogecoin (DOGE)
According to a recent estimate, Dogecoin has a market value of approximately $10 billion. The Internet meme-inspired coin has caught the interest of individuals and corporations alike. such list, Strange Donuts, Dallas Mavericks, air Baltic, and many other companies already use Dogecoin as an internal payment option for customers. So far this year, the value of Dogecoin has increased by more than 7,000%.
Polkadot (DOT)
Although Polkadot is a new player in the world of blockchains and cryptocurrencies, it is said that it already surpasses Bitcoin in some areas. Large institutions have realized the potential of Polkadot, and it has even been called “the killer of Ethereum”. Although its value has decreased in recent months, experts believe that it is one of the cryptocurrencies with the most future.
Litecoin (LTC)
Litecoin is very similar to Bitcoin in terms of popularity. When people talk about altcoins, Litecoin is often one of the first things that comes to mind. This particular coin ranks sixth on the list of top cryptocurrencies. It was launched in October 2011, just after Bitcoin started to gain notoriety. The Litecoin blockchain uses an encryption algorithm, which offers advanced security for both digital assets and transactions that are initiated on the network.
Stellar (XLM)
Stellar is another blockchain system that is focused on developing a next generation payment method. The coin has a circulating supply of 23 billion, with a supply cap of 50 billion. Stellar is the term used to refer to the network, while the tokens are called Lumens. There are several companies that already use Stellar. Vumi is just one of many.
Uniswap (UNI)
Uniswap was developed to help people bypass centralized financial systems. The main objective of Uniswap is to speed up the process of exchanging cryptocurrencies. A decentralized protocol is used in the network. The coin is currently worth just over $21 and considering the trend, it is likely to continue growing.
Tron (TRX)
Tron is a cryptocurrency written in Java. The system is completely decentralized. The network was developed by the Tron Foundation, which is a non-profit organization based in Singapore. Samsung has already adopted the Tron blockchain, which was added to the Samsung Keystore service in early 2020.
IOTA (MIOTA)
IOTA was first started in 2016. The entire blockchain is based on open source code. The idea behind this coin is to represent the Internet of Things, also known as IoT. It has three main goals: to protect transmitted data, to enable faster financial exchanges, and to give people access to transactions free of charge.
