There are already over 10,000 cryptocurrencies accessible for investment or trading. It makes it challenging to choose the best crypto alternatives, especially if you are a novice.
Based on all types, here are five of the best cryptocurrencies to buy in 2022, so you don’t have to worry about missing out on the price rise. Hopefully, you’ll discover the next significant crypto as a consequence.
What is Bitcoin (BTC)?
As seen by the market’s success over the last month, most cryptocurrency investors plan to keep at least some of their capital in Bitcoin. Unfortunately, there are no haven investments in digital assets. Still, Bitcoin is the closest thing to a blue-chip cryptocurrency available, as shown by its continued performance in the face of adverse circumstances.
While more speculative and unproven currencies have lost their luster, Bitcoin’s market share has risen from 42 percent to 43.1 percent in the previous month. In addition, Bitcoin is now trading over $44,000, after spending most of the year trading below $40,000.
BTC price history
On November 10, 2021, Bitcoin reached an all-time high of $69,044.77 and a record low of $67.81. If we see i’s overall growth of the past year, it is -14.7%.
Where to buy BTC?
It has been listed on several major cryptocurrency exchanges, including Binance, eToro, Webull, Coinbase, and Uphold.
What are the perspectives of the project?
As a mechanism of sending money via the internet, Bitcoin was created in 2009. An alternative payment system that could be utilized in the same manner as current currencies were the purpose of digital money.
What is Ether (ETH)?
There are just two major players in the crypto world: Bitcoin and Ethereum. Because of their long-term track records, well-known brand names, and committed investors, BTC and ETH are the only two cryptos worth owning.
In contrast to the Bitcoin network, it’s worth noting that the Ethereum network was built to accommodate the exciting new world of smart contracts and decentralized finance, also known as DeFi.
As the most extensively utilized blockchain network, Ethereum has a significant drawback: high transaction costs. 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. Financial intermediaries such as banks, brokers, and exchanges may be removed with DeFi, possibly enabling “trustless” financial transactions. A newly formed decentralized autonomous organization, or DAO, donated $3 million in Ethereum to the Ukrainian army.
ETH price history
On November 10, 2021, Ethereum reached an all-time high of $4,878.26 and a record low of $0.432979. It has grown by a total of 100.1 percent in the last year.
Where to buy ETH?
The ETH token has been listed on several major cryptocurrency exchanges, including Binance, eToro, Webull, Coinbase, and Uphold.
What are the perspectives of the project?
Smart contracts and decentralized programs (dApps) may be built and run on Ethereum without the worry of failure, fraud, or third-party interference.
What is Solana (SOL)?
Although the debate between Bitcoin and Ethereum is intriguing, it has an apples-and-oranges flavor. Using Ethereum as a network, decentralized applications may be developed on top of it, making it more like infrastructure rather than cash.
If you look at Bitcoin as an infrastructure rather than a cryptocurrency, you’ll see that it has a lot of decentralized applications built on top of it, which makes it more like a network than cash. Which network will emerge as the decentralized financial leader is a more legitimate debate, and here is where Solana comes in.
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
At its all-time peak on November 6, 2021, Solana had a value of $259.96. The coin’s price might fluctuate by up to 15% in either direction in a single day.
Where to buy SOL?
The SOL token has been listed on several major cryptocurrency exchanges, including Binance, eToro, Webull, Coinbase, and Uphold.
What are the perspectives of the project?
The goal of the Solana architecture is to demonstrate that a group of software algorithms, when coupled to produce a blockchain, can remove software as a performance barrier, allowing transaction throughput to grow proportionally with network capacity.
What is Avalanche (AVAX)?
Many winners may emerge from a large market. For example, Solana and Avalanche are two rival blockchains in the smart contract and decentralized financial arena, while Ethereum is the dominant network.
AVAX, with a market worth of about $22 billion, is one of the top ten most valuable cryptocurrencies. Avalanche and Solana have scored a victory with each passing day that Ethereum 2.0 remains a mystery. In addition, there has been a dramatic growth in Avalanche’s market share, from 0.1 percent to 1.1%.
AVAX price history
On November 10, 2021, AVAX reached an all-time high of $144.96 and a record low of $2.80 on December 21, 2020. It has grown by a total of 229.4 percent in the last year.
Where to buy AVAX?
The AVAX token has been listed on several major cryptocurrency exchanges, including Binance, eToro, Webull, Coinbase, and Uphold.
What are the perspectives of the project?
Scalability, security, and decentralization are all addressed in Avalanche, a blockchain platform built on a new proof of stake method. Decentralized applications may be deployed on Avalanche’s network through smart contracts, much as they can on Ethereum.
What is Binance Coin (BNB)?
Another bet on a solid ecosystem that is helping to draw people into crypto is Binance Coin. It is the native cryptocurrency of Binance, the world’s largest cryptocurrency exchange. Recent trade records show that in February, Binance’s daily trading volume was more than twice as high as that of Mandala Exchange, the second-largest exchange in terms of volume.
During the same period, Coinbase Global Inc. had a volume of $4.9 billion. Coinbase’s current market value is $50 billion. It’s safe to say that Binance, along with Bitcoin and Ethereum, will one day be considered a blue-chip digital asset because of its many successful decentralized efforts.
BNB price history
The coin hit an all-time high price of $686.31 on May 10, 2021. For a year, the price varies between $300 and $650.
Where to buy BNB?
The BNB token has been listed on several major cryptocurrency exchanges, including Binance, eToro, Webull, Coinbase, and Uphold.
What are the perspectives of the project?
Binance began as a utility token to reduce trading costs. Still, today it is utilized for a wide range of purposes, including transaction fees, travel bookings, entertainment, online services, and financial services.
Pros and cons
| Worth to buy | Worth to getaway |
| Cryptocurrencies are designed with security and privacy in mind from the beginning. Therefore, transactions may be expected to remain private and secure even though non-identifying transaction data is publicly available. | Criminals may have an easier time evading the law if transactions are kept secret and secure. Trusting third-party Bitcoin services providers, such as wallets and exchanges, is not always safe. |
| Using cryptocurrency as a means of payment is acceptable, but it also opens up a whole new market for businesses. | Only a small number of companies are willing to take cryptocurrencies as payment. Due to this and fluctuating prices, the savings in transaction costs may be negligible. |
| Cryptocurrency transaction costs are lower than other digital payment systems, such as PayPal. | Every cryptocurrency lacks the adaptability of centralized money due to its non-inflationary nature. |
Final thoughts
Each of these cryptocurrencies has unique technology that makes it stand out from the crowd. Yet, despite this, they 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.