Unlike traditional forms of cash, which are governed by a single entity, cryptocurrency is decentralized. Blockchain technology is employed instead, with Bitcoin being the most popular. As Wall Street’s reliance on digital currency expands, additional opportunities open up. At the time of writing, there are around 8,900 cryptocurrencies available on the market.
Most people see Bitcoin as a long-term investment, even though it may be used to buy goods and services. However, due to cryptocurrency’s high degree of volatility, careful consideration should be given to every investment. In 2022, these are the best cryptocurrencies champions to buy.
What are cryptocurrencies?
Using encryption to protect transactions, cryptocurrency is a digital or virtual currency. Rather than depending on a central authority to issue or regulate a currency, a decentralized system monitors transactions and produces new currency units.
Is it worth investing in cryptocurrencies?
Investing in crypto assets might be risky, but it can also be gratifying. Cryptocurrency is a fantastic investment choice for those seeking direct exposure to the market for digital currency. In contrast, companies with cryptocurrency exposure equities are safer but probably less profitable.
What is Bitcoin (BTC)?
Of all cryptocurrencies, Bitcoin has been around the longest. So, to put it another way, it’s easy to see why it’s the most popular crypto investment option.
Investment in Bitcoin is a good idea since many businesses accept it. Visa, for instance, accepts Bitcoin. The company took it as payment for its automobiles for a while. It may do so again if mining becomes more environmentally friendly since Tesla said in February 2021 that it had invested $1.5 billion in it. Bitcoin transactions are also being included in the services of big banks.
BTC price history
BTC coin reached its all-time high of $69,044.77 on November 10, 2021, and its all-time low of $67.81 on July 6, 2013. It showed -27.9% growth in the past year.
Where to buy it?
BTC is available to buy on multiple exchanges platforms like Binance, Uphold, FTX, Kraken, Coinbase, etc.
What are the perspectives of the project?
Bitcoin was created to facilitate the electronic transmission of funds. An alternative payment mechanism that could be utilized in the same manner as traditional currencies were the purpose of digital money.
What is Ether (ETH)?
There’s Bitcoin and Ethereum in the crypto realm, and then there’s everyone else. Because of their long-term track records, well-known brand names, and committed investors, Bitcoin (BTC) and Ether (ETH) are the only two cryptos worth owning.
Smart contracts and decentralized finance are some of the most disruptive technologies of the twenty-first century. The Ethereum network was built to accommodate this new reality. Financial intermediaries such as banks, brokers, and exchanges may be removed with DeFi, possibly enabling “trustless” financial transactions.
Despite being the most popular blockchain network globally, the Ethereum network has a significant drawback: high transaction fees. It’s a well-known issue, but Ethereum 2.0, cheaper and more energy-efficient, is expected to be finished in the next year or two. As of this writing, the Ukrainian military has received $3 million in Ethereum via a new decentralized autonomous organization, or DAO.
ETH price history
ETH coin reached its all-time high of $4878.26 on November 10, 2021, and its all-time low of $0.4329 on 0ctober 20, 2015. It showed 39.4% growth in the past year.
Where to buy it?
ETH is available to buy on multiple exchanges platforms like Binance, Uphold, FTX, Kraken, Coinbase, etc.
What are the perspectives of the project?
Ether (ETH) is a cryptocurrency that serves as Ethereum’s primary asset. Because of Ethereum’s distributed ledger technology, anybody may create and maintain digital ledgers that are safe and publicly accessible.
What is Solana (SOL)?
Even though the debate between Bitcoin and Ethereum is exciting, it has a flavor of apples and oranges. Decentralized applications can be created on top of Ethereum’s network because of its larger goals as a network, making it more than just money. Bitcoin has more ambitious network goals and supports decentralized applications. BTC is more infrastructure than money; it is an older peer-to-peer payment system. It’s more logical to argue over which network will emerge as the leader in decentralized finance, and that’s where Solana enters the debate.
Despite Ethereum’s market worth exceeding $360 billion, Solana, which has a market capitalization of $32 billion, is a top-10 cryptocurrency in its own right. The longer Ethereum 2.0 takes to debut, the more time SOL has to catch up in-network expenses, which are already much lower than Ethereum.
SOL price history
SOL coin reached its all-time high of $259.96 on November 6, 2021, and its all-time low of $0.500801 on May 11, 2020. In addition, it showed 455.33% growth in the past year.
Where to buy it?
SOL is available to buy on multiple exchanges platforms like Binance, Uphold, FTX, Kraken, Coinbase, etc.
What are the perspectives of the project?
The fundamental goal of the Solana initiative is to demonstrate that a workable set of software algorithms may be utilized to construct a blockchain.
What is Binance Coin (BNB)?
Since its inception on January 1, 2021, Binance Coin (BNB) has seen rapid growth, increasing from a low point around $38 on January 1 to a high point around $683 in May, following a period of generally constant prices. It has already dropped to $382.91 as of March 8.
Due to its popularity, the Binance coin has shown to be a reliable investment. According to CoinMarketCap, Binance is the world’s most popular cryptocurrency exchange; however, Binance coin remains a risky investment despite this.
BNB price history
BNB coin reached its all-time high of $686.31 on May 10, 2021, and its all-time low of $0.0398 on October 19, 2017. In addition, it showed 25.7% growth in the past year.
Where to buy it?
BNB is available to buy on multiple exchanges platforms like Binance, Uphold, FTX, Kraken, Coinbase, etc.
What are the perspectives of the project?
It is the primary objective of BNB to keep the Binance exchange running smoothly by providing liquidity for cryptocurrency exchanges.
What is Polygon (MATIC)?
Ethereum blockchain developers came together to form Polygon and substantially contribute to the technology. Polygon, according to CoinMarketCap, is a platform for Ethereum scaling and infrastructure improvement. In addition, it allows for quicker transaction and verification speeds as a “layer two” option for Ethereum.
Polygon has received financial support from cryptocurrency exchanges Binance and Coinbase. MATIC is the company’s token for payment services, transaction fees, and settlement.
MATIC price history
MATIC coin reached its all-time high of $2.92 on December 27, 2021, and its all-time low of $0.003143 on May 10, 2019. In addition, it showed 382.6% growth in the past year.
Where to buy it?
MATIC is available to buy on multiple exchanges platforms like Binance, Uphold, FTX, Kraken, Coinbase, etc.
What are the perspectives of the project?
The Polygon network’s native cryptocurrency, MATIC, is utilized for staking and transaction fees and promotes growth.
Pros and cons
Let’s look at the pros and cons of investing in cryptocurrencies.
| Worth to buy | Worth to getaway |
| There is no swindling or fraud with cryptocurrencies. | It’s possible to engage in illegal activity. |
| We do not have to worry about the disclosure of personal information. | The likelihood of losing money is high. |
| Ownership may be transferred instantly and securely. | The cryptocurrency market is extremely fluctuating. |
Final thoughts
The technology behind each of these cryptocurrencies is what makes them unique. Yet, despite this, each of them had shown a considerable return on investment, whether it was during the official ICO period when the project was still in its infancy or only a year ago.