With the blessing of technology, more people are entering the virtual world of cryptocurrencies. Investment in the crypto market is more evident in the market than ever before. Everyone wants to be a part of the crypto market that has become revolutionary.
In the recent event, Binance which is the largest crypto exchange globally has made a $200 million strategic investment following many individuals. And if you are one of them who are looking to invest in cryptocurrency then you have landed in the right place.
Here in this article, we will mention the 10 best crypto tokens where you can invest for this potential and market value.
Keynote About Cryptocurrency
- A cryptocurrency is a form of digital token or also known as “coins” that operates on a distributed and decentralized ledger which is called a blockchain.
- After Bitcoin was introduced in the digital world, cryptocurrencies have expanded dramatically and the hype is quite visible.
- Bitcoin is still at the top compared to other cryptocurrencies in terms of market capitalization, user base, and popularity.
- Ethereum is such a virtual currency that is helping to create decentralized financial (DeFi) systems.
What Does Cryptocurrency Mean?
A cryptocurrency is virtual or digital money that has no physical existence and they are commonly referred to as “coins. Even though some of the cryptocurrencies have entered the physical world through credit cards or other projects, the major part of them remains completely intangible.
The word “crypto” refers to complicated cryptography allowing the creation and processing of digital currencies and their transactions following the decentralized system. These are mainly designed so that the users can be free from government manipulation and control. This concept has gained more popularity among the masses and the number of users is increasing day by day.
The cryptocurrencies that have modeled after Bitcoins using its open-sources blockchain framework are known as altcoin and in some other cases shitcoins. These cryptocurrencies often try to present themselves as modified and improved versions of Bitcoin. Some of these Altcoins have better security levels compared to Bitcoin. Know more about Cryto World from here – Broker complaint Alert.
1. Ethereum (ETH)
Ethereum is one of the best tokens to invest in 2022. It is a decentralized software platform that provides smart contracts and decentralized applications(dApps). This is built and run without facing any downtime, fraud control, or even any interference from a third party.
The application on Ethereum is basically run on ether which is a platform-specific cryptographic token. There has been an increase of investors who are looking forward to purchasing other digital currencies using ether.
The market capital is over half of bitcoin and the trading is around $3,150 per ETH as per the report of February 2022.
2. Litecoin (LTC)
It was launched in 2011 and it was one of the first cryptocurrencies which followed the footstep of Bitcoin.
Its global payment network is open-source which is decentralized and uses scrypt as PoW. Decoding is possible through consumer-grade central processing units(CPUs)
The market capital of Litecoin is around $9.3 billion as per token of around $135. This is the 21st largest cryptocurrency in the world and also one of the best to invest in for getting good returns.
3. Cardana (ADA)
Candana follows the system of “Ouroboros proof-of-stake” which was created with the intent of a research-based approach by mathematicians, engineers, and cryptography experts.
It has been dubbed as the “Ethereum killer” and the reason behind is its blockchain has proved to be capable of more. Even though it has beaten Ethereum to the PoS consensus model, it has yet to go a long way to go in terms of DeFi applications.
Cardana is one of the best cryptocurrencies to invest in since it has the sixth-largest market capitalization at $38.5 billion and the token trading is for around $1.20.
4. Polkadot (DOT)
It is a unique type of PoS cryptocurrency that focuses on delivering interoperability among other blockchains. The protocol follows the design to connect permission and permissionless blockchain as well as oracles for allowing systems to work accordingly under one roof.
In Polkadot, developers can create their own blockchain using the security that Polkadot already provides which makes it secure and many investors are looking forward to investing in this token since it is one of the best.
The market capitalization is roughly around $24.4 Billion and for trading one DOT it values $22.60.
5. Bitcoin Cash (BCH)
Through the history of altcoins, Bitcoin Cash is one of the earliest and most successful hard forks of the original Bitcoin. A fork takes place through the result of debates and arguments between minors and developers.
Sometimes when the digital currency is split, the original chain remains true to the original code and the new chain emerges life as a new version of the prior coin. It completes by the changes to its code. Thus Bitcoin cash came to the market making it one of the best tokens to invest right now.
Bitcoin Cash has a market capitalization of around $6.5 billion and the value per token is $340.
6. Stellar (XLM)
The main purpose of this cryptocurrency is to provide enterprise solutions through connecting financial institutions for large transactions. It is an open blockchain network-designed framework.
Since huge transactions between banks and investments take as long as several days cost a charge and are regulated with a central authority,
Stellar solves this problem by providing nearly instantaneously with no intermediaries and costs almost nothing for those making the transaction. Many investors are looking forward to its potential and currently, it is one of the best cryptos you can invest in 2022.
The market capitalization of Stella Lumens is under $6 billion and the value per token is around 25 cents.
7. Dogecoin (DOGE)
This coin got introduced following the hype which was made as a “meme coin” but in 2021 the price of this coin skyrocketed. The coin has the image of the Shiba Inu as the avatar. Various companies like Dallas Mavericks, Kronos, and perhaps most notably—SpaceX, accept Dogecoin as payment.
The creators of Dogecoin are two software engineers who are Billy Markus and Jackson Palmer.
The market capitalization of Dogecoin is around $21.7 billion and token per one DOGE is valued at 16 cents. This makes it the 11th largest cryptocurrency and one of the best tokens to invest in 2022
8. Binance Coin (BNB)
Binance coin is a type of utility cryptocurrency. It mainly operates as a payment method for the fees associated with trading on the Binance Exchange platform. Initially, the Binance coin was an ERC-20 token that operated following the Ethereum blockchain but later got its own mainnet launch.
Balance Coin’s blockchain platform follows the footsteps of how Binance’s decentralized exchange operates. Since it is the third-largest cryptocurrency by market capitalization, it is also one of the best tokens for investing.
The market capitalization of Binance Coin is $73.3 billion and the token for one BNB is valued at $436.
9. Tether (USDT)
Among the group of so-called stablecoins, Tether was one of the first and most popular. Stable coins are cryptocurrency that aims to peg their market value to a specific currency or external reference point for reducing volatility.
This cryptocurrency allows individuals to utilize blockchain networks by relating technologies to transact in traditional ways while making sure to minimize the volatility and complexity of digital currencies.
Acquiring the market capitalization of around $78.1 billion, Tether is the fourth largest cryptocurrency and the per token value is $1.
10. Monero ( XMR)
Monero is an open-source cryptocurrency that is secure, private, and untraceable. The development is maintained through donation-based and community.
It mainly focuses on decentralization and scalability which enables complete privacy using a special technique which is called “ ring signatures”.
But since it has an exceptional security mechanism, Monero has developed a bad reputation as it has been linked to many criminal operations in the world
Looking at the report of February 2022, the market capitalization of Monero is around $3.2 billion, and the value per token is $178.
NFT Related Other Article:
- Best Token To Invest in 2022
- Where To Buy NFT Tokens 2022
- How To Make And Sell NFT Art
- How To Mint An NFT In 2022
- Top NFTs in 2022
- Snoop Dogg & Other NFT Collectors Moving To Tezos And Solana
- Four Tips To Building Your Name In The NFT Community
Some Other Honorable Mentions
In the above, we have only mentioned 10 altcoins where you can look forward to investing. But besides that, many other cryptocurrencies are worth looking into to invest in 2022. The list is given below:
|Altcoin||Ticker||Current $ Price||Market Capital($B)||Features|
|Solana||SOL||$121||$38.5||1. Decentralized blockchain built for scalable |
2. User-Friendly app
|Avalanche||AVAX||$85||$21||1. Fastest smart contracts platform. |
2. Has the most validators.
3. Secured through the proof-of-stake protocol.
|USD Coin||USDC||$1.00||$51.3||It is a digital stable coin that is issued by a circle.|
|Chainlink||LINK||$19.15||$9.0||1. decentralized oracle networks which provide tamper-proof input and outputs. |
2. Support advanced smart contracts on any type of blockchain.
|Algorand||ALGO||$1.08||$7.1||1. Removes technical barriers which potentially can undermine mainstream blockchain. |
|Polygon||MATIC||$2.00||$14.5||1. Framework operates for building and connecting Ethereum-compatible blockchain networks. |
2. Supports multi-chain Ethereum ecosystem
|VeChian||VET||$0.065||$4.4||1. Public blockchain that derives its value through activities created by members. |
2. The ecosystem within solves real-world economic problems.
|Tron||TRX||$0.068||$7.0||1. It is a basic unit of accounts on the Tron Blockchain. |
2. It is a natural medium currency for all TRC-based tokens.
3. It connects the entire Tron Ecosystem with abundant application scenarios.
|ZCash||ZEC||$127||$1.5||1. Privacy is maintained. |
2. It is a security-focused digital currency.
|EOS||EOS||$2.25||$2.6||1. It is a highly performant open-source blockchain platform. |
2. It is built to support and operate safe, predictable digital infrastructure and compliant.
|Tezos||XTZ||$4.00||$3.5||1. Flexible |
2. Smart contracts platform focuses on security.
|Neo||NEO||$23.60||$1.7||1. Open-source community-driven blockchain platform. |
2. Used for building dApps.
|Dash||DASH||$113.5||$1.2||1. Based on privacy for being a digital currency. |
2. Has fast confirmation speed.
|Stacks||STX||$1.75||$1.8||1. Enables Defi, NFTs. |
2. Has apps and smart contracts for Bitcoin.
|NEM||NEM||$0.115||$1.1||Help to manage assets and data easily and inexpensively.|
|Decred||DCR||$71.10||$0.97||1. Employs a proof-of-work stake system. |
2. Layers security and careful align incentives
|Storj||STORJ||$1.38||$0.20||1. decentralized cloud storage. |
2. files are encrypted and split into pieces for distribution on a global cloud market.
|0x||ZRX||$0.67||$0.57||1. decentralized crypto asset. |
2. Token exchange.
|DigiByte||DGB||$0.025||$0.40||1. Faster than digital currency. |
2. Used for digital assets, smart contracts, decentralized application along with secure authentication
Why Are Cryptocurrencies So Important To Invest In?
It is one of the growing economies in the current market which has a lot of potential. The platform they have is decentralized and follows the blockchain framework system. It allows individuals to engage in peer-to-peer financial transactions or even enter into contracts. The total capitalization of all cryptocurrencies results in $1.75 trillion.
Why Are There So Many Cryptocurrencies To Invest In?
The majority of the cryptocurrencies that we see in the crypto market have been derived in some form or another from Bitcoin because they use an open-source code and a censorship-resistant architecture. This allows anybody to copy and tweak the code and create a new coin of their own. Anybody has permission to join its network.
Why Is Bitcoin Still One Of The Best Crypto To Invest In?
Even though bitcoin has thousands of competitors, it is still the number one crypto token with the highest market capitalization. Each Bitcoin is worth roughly $44,000 which is far greater than any other cryptocurrencies in the market.
From the beginning of its journeys, it has remained at the top and many investors find it a stable coin to invest in although it is volatile like other cryptocurrencies.