Top 10 Cryptocurrencies to buy In 2022: In the world of cryptocurrencies, bitcoin and Ethereum tend to dominate the headlines when it comes to investing. There are around 7000+ cryptocurrencies in circulation, with more added all the time.
If you are looking for the top 10 Cryptocurrencies to buy in 2022 then keep in mind that each cryptocurrency has a slightly different make-up and function from the people’s favorite, bitcoin, to the meme-focused altcoins.
From Bitcoin and Ethereum to Solana and Cardano, there are thousands of different cryptocurrencies, which can make it overwhelming when you’re new in the world of crypto.
To help you get your bearings, these are the top 10 cryptocurrencies based on their market capitalization or the total value of all of the coins currently in circulation.
Most popular top 10 Cryptocurrencies to buy In 2022:
1. Bitcoin (BTC)
Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the most popular cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers.
Five years ago, you could buy a Bitcoin for about $500 but in recent months Bitcoin’s price is on the moon. As of November 2021, a single Bitcoin’s price was over $68,789.63. That’s the growth of almost about 10,000%. Still, BTC is the first choice of crypto investors.
2. Ethereum (ETH)
Ethereum is the next generation of blockchain technology which has grabbed eyeballs for being the second-largest cryptocurrency after Bitcoin. ETH is a top contender for the best cryptocurrencies to buy list.
The fact that it is designed to support decentralized apps and their development makes it stand apart from other coins. ETH is the first blockchain platform that enabled smart contracts and this innovation has spurned a series of ground-breaking solutions.
The ETH will continue to shine bright and break the market in 2022 again. Ethereum has also experienced tremendous growth. In just five years, its price went from about $11 to almost $3,000, increasingly more than 27,000%.
3. Tether (USDT)
The Tether is one of the top cryptocurrencies as well as a popular stable coin in the digital wallets of investors. Tether is a stable coin. The Tether coin has the backing of fiat currencies like U.S. dollars and the Euro. Because of these reasons, Tether’s value is equal to one of those denominations.
In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies. and it’s favored by investors who are wary of the extreme volatility of other coins.
4. Cardano (ADA)
Somewhat later to the crypto scene, Cardano is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification present in platforms like Bitcoin.
Cardano also works like Ethereum to enable smart contracts and decentralized applications, which are powered by ADA, its native coin. Cardano’s ADA token has had relatively modest growth compared to other major crypto coins.
5. Binance Coin (BNB)
The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world. Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform.
Now, the Binance coin (BNB) is available for trading, payment processing, or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin. BNB is one of the most popular coins to buy in 2022.
6. Shiba Inu (SHIB) – Top 10 Cryptocurrencies to buy In 2022
SHIB has gained success in the cryptocurrency market as a so-called ‘Dogecoin Killer’. It is expected that this cryptocurrency will increase its price and become more mature in 2022.
In 2021, the whopping increase of 21,000% in just one week makes it one of the best tokens to buy for the long term. As the SHIB community is growing, the coin is developing a vibrant ecosystem where several crypto-related activities.
It recently launched its decentralized exchange (DEX) platform which enables its users to provide liquidity and earn staking rewards. The recent spike in SHIB makes it one of the best coins in the top 10 cryptocurrencies to buy in 2022.
7. Solana (SOL)
Developed to help power decentralized finance (DeFi) uses decentralized apps (DApps), and smart contracts. Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. SOL, Solana’s native token, powers the platform.
Launched in 2020, SOL’s price started at $0.77. By August 2021, its price was almost $140, a gain of about 18,000%, which makes it one of the best choices in the top 10 cryptocurrencies to buy in 2022.
8. Internet computer (ICP) – Top 10 Cryptocurrencies to buy In 2022
Internet Computer is an innovation upon normal blockchain technology. While other cryptocurrencies like Ethereum are focused on Proof-of-Stake technology, ICP uses neither Proof of Work or Proof of Stake.
Instead, it uses queries and calls. ICP is listed among one of the most trustable and stable coins that make it one of the most favorite coins in the top 10 cryptocurrencies to buy in 2022.
This revolutionary technology aims at being able to combine the high-speed data processing power of the internet with the security and trustlessness of blockchain technology.
9. Polkadot (DOT)
Polkadot is one of the top 10 cryptocurrencies in the crypto market that can help to earn handsome profit in a digital wallet. It is expected that the DOT price will rise in the upcoming months with a strong market capitalization.
It makes DOT stick to the uptrend with some offerings at a good entry level. Polkadot is trying its best to get back above the green ascending trend line in October. Currently, Polkadot is showing high growth that makes it one of the hot crypto in the market.
10. Dogecoin (DOGE) – Top 10 Cryptocurrencies to buy In 2022
Dogecoin has been a hot topic thanks to celebrities and billionaires like Elon Musk. Famously started as a joke in 2013, Dogecoin rapidly became a prominent cryptocurrency option, thanks to a dedicated community and creative memes.
Dogecoin is a profitable cryptocurrency with growth potential for investors. The volatility of the price depends on the tweets from Elon Musk— may hit an all-time height or incur a massive drop within a few seconds. However, the DogeCoin looks promising because of community support.
We have created the list of the top 10 Cryptocurrencies to buy in 2022 with our technical analysis and the past performances of these coins. However, we suggest crypto investors conduct maximum research before making any investment. As cryptos are extremely volatile and no one can predict their future accurately.
