If you’re looking to invest in cryptocurrencies, then you’re not alone. Many people are interested in this new form of investment, and for a good reason: cryptocurrencies can make a lot of money. However, it cannot be easy to know which cryptocurrencies to invest in.
There are so many different options available. Bitcoin Code is the best trading platform. This blog post will discuss the top 5 cryptocurrencies that we believe will be worth investing in for 2022.
Let’s take a look at these cryptocurrencies.
1. Bitcoin
Bitcoin is currently the top cryptocurrency on the market, with over $116 billion. It’s been around since 2009 and is still the most popular cryptocurrency today. Bitcoin is considered a safe investment, as its value has only increased over time.
On the other hand, it can become difficult for new investors to break into the market. Also, price patterns show that Bitcoin is currently in a downward trend. With all of this being said, there is no reason why Bitcoin should not be on your list of cryptocurrencies to invest in for 2022.
2. Ethereum
Ethereum comes in second with a market cap of over $41 billion. This cryptocurrency has proven itself worthy and currently sits at an all-time high value. It’s been around since 2015 and is becoming more stable every day thanks to its smart contract technology and decentralization.
Yet again, Ethereum shows signs of entering another downward trend that fell from the first place back in January 2018. However, one good thing about Ethereum is that it has a huge potential for scalability and offers an efficient infrastructure to build on.
3. Bitcoin Cash
Bitcoin Cash (BCH) is an altcoin created due to splitting from the original bitcoin in August 2017. It supports on-chain scalability and smart contracts via the scripting language, which means it would support more complex DApps than Ethereum can. There are multiple reasons for this prediction: first, the BCH development team has an ambitious plan to build a strong network effect by expanding the block size limit to 32MB and removing SegWit.
Second, BCH community members have been holding onto their coins instead of selling them off during market downtrends; some had even increased their positions when BCH’s price dropped rapidly after getting listed on the Coinbase exchange platform.
4. Litecoin
Litecoin has the seventh-largest market capitalization, approximately three billion dollars, and is traded on most cryptocurrency exchanges. Litecoin has very low transaction fees of about one cent per transaction and fast transaction speeds. It takes around two minutes to generate a block that confirms transactions.
The coin limit of Litecoin is slightly higher than Bitcoin’s at eighty-four million compared to Bitcoin’s twenty-one million. It also exhibits a faster block generation rate at 2.5 minutes while Bitcoin generates a block every ten minutes on average.
The Bottom Line
Several factors are at play when determining whether or not an asset is worth investing in. The main thing to consider for cryptocurrencies is how they will be used for transactions throughout the world. The more practical uses of a currency, the better chances investors have of reaping long-term benefits from having purchased it at its lower price.
Once these currencies gain more widespread use, they can sustain stronger levels of value, which helps further increase their popularity with users and investors alike, helping them grow even further in market capitalization over time.
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