Top 5 cryptos in 2022
we are going to demonstrate the top five Top 5 cryptos in 2022. in the year 2022, which cryptocurrency may have a brighter future & can give you high returns 2022,
So let’s discuss them all here so you can make a better perspective about each of these cryptocurrency/crypto assets.
The crypto market is very vast and we can’t just justify each currency of the crypto market but here we’ll try to help you with these.
Bitcoin
In the first place no doubt, Bitcoin should be in the Top 5 cryptos in 2022
The king of all cryptocurrencies, Bitcoin, became 1st and the most well-known cryptocurrency available on the market. It also blessings from the largest market cap and is one of the most highly traded cryptocurrencies. Bitcoin’s place as the most valuable cryptocurrency has never been in doubt.
In overdue 2009, $1 was the equivalent of over 1,300 Bitcoins. From being valued at a fraction of the dollar, one Bitcoin crossed the $10,000 valuation price point within 8 years. it is the first successful blockchain-based currency to hit the marketplace in 2009.
by late 2017, Bitcoin became a household name as it flirted with the $20,000 price level. the price of Bitcoin is dictated by the laws of supply and demand. Bitcoin has always been compared to gold in this regard, in that there is a finite quantity of coins that will ever be available. there will only ever be 21 million bitcoin in existence (with approximately 15% of this quantity being lost), so as long as Bitcoin’s user base continues to grow, so will the price of the asset.
Ethereum
The list of Top 5 cryptos in 2022 can not be complete without mentioning Ethereum
introduced to the world in 2013 by Vitalik Buterin and went live in July 2015. Developers were looking for a way to differentiate from the Bitcoin currency, and make a product and accompanying digital currency that would stand alone and work on fixing the imperfections in Bitcoin.
Ethereum has seen massive gains since its introduction in 2015. Currently only behind Bitcoin in regard to market capitalization. the market capitalization of Bitcoin was about $600 billion, while that of Ethereum was around $250 billion (less than half that of Bitcoin). Ethereum has been a solid number two for many years. Most apps (decentralized applications) run on the Ethereum blockchain platform, but the last few months have seen its potential soar even further.
Defi is already a multi-billion industry, and most projects are hosted on the Ethereum network. While Defi is gathering pace, NFTs have literally exploded. NFTs are tokens that digitize all manner of assets on the blockchain. There is already an NFT that has been sold for $69 million, and the industry is just getting started.
most non-fungible tokens (NFTs) are built using Ethereum’s network. So, an influx of NFT buyers could increase the price of Ether. NFTs are bought and sold using Ethereum; the more investors that want to purchase NFTs, the more demand there may be for ETH. Ether’s value is tied primarily to the Ethereum blockchain. As one of the biggest names in the market, Ether is always on the news.
Dogecoin
one of the most beneficial cryptocurrencies which might be a gift in the crypto marketplace. It was founded in 2013 by Billy Marker and Jackson Palmer. according to coin market cap, its present-day market cap is standing at US$23.37 billion and is the 11th largest cryptocurrency in the market.
among the thousands of crypto coins and tokens, DOGE seems less intimidating and more accessible. one of the number one reasons for its rising network support is that its investors use it as an absolute value. Dogecoin stocks several similarities with BTC, which means it provides certain advantages that are much like Bitcoin. The crypto’s coding is also quite similar to Bitcoin, which makes it secure and less difficult to transact.
Luna/ Terra
Luna/ Terra It can communicate with several other blockchains and has shown incredible growth potential,
the Crypto investors can consider buying Terra only if they are willing to risk their money and not just follow the hype.
Terra has several risk factors and therefore is one of the most promising cryptocurrencies to buy in 2022.
According to its white paper, Terra operates on a proof of stake model, where validators verify transactions according to how many coins they hold. Proof of stake supporters says it is significantly less energy-intensive than other models and has less of an environmental impact.
Luna’s holders are granted governance rights and voting power for the protocol since Luna is Terra’s native token. Due to its stablecoins, Terra is “gearing up to be a serious Ethereum competitor. Ethereum is the largest Defi protocol with over $162 billion in total value locked, according to Defi Llama. The Terra ecosystem has 13 Defi protocols built on it, while Ethereum has 373. but It’s still “early” for Terra
Solana
Solana is an open-source project currently run by Solana Foundation based in Geneva,
while the blockchain was built by San Francisco-based Solana Labs.1 Solana is much faster in terms of the number of transactions
it can process and has significantly lower transaction fees compared to rival blockchains like Ethereum. Solana can process many more transactions per second and charges much lower transaction fees than rival blockchains like Ethereum.
Solana’s native cryptocurrency, which has the ticker SOL, with a capitalization of over $66 billion. making it the fifth-largest cryptocurrency. Solana’s blockchain operates on both a Proof of History (PoH) and proof-of-stake (PoS) model.
PoS permits validators (those who validate transactions added to the blockchain ledger) to verify transactions based on
how many coins or tokens do they hold PoH allows those transactions to be timestamped and verified very quickly.
Shiba Inu
According to the trend of meme coins, Shiba holds the top spot and that’s what make it one of the Top 5 cryptos in 2022
Above we discussed the top five cryptocurrencies in 2022. here is a bonus recommendation for your future reference.
Shiba Inu is widely believed by a large group of crypto investors to be an alternative to Dogecoin,
In fact, proponents of Shiba Inu tout it as “the Dogecoin killer. The SHIB price rose a staggering 1055% during October 2021.
Shiba Inu (SHIBUSD) is an Ethereum-based altcoin (a cryptocurrency other than Bitcoin) that features,
its name after a Japanese breed of hunting dog—as its mascot. Shiba Inu was created in August 2020 by an anonymous individual or group called Ryoshi. Shiba Inu’s price peaked more than tenfold on Oct. 2021, giving it a market capitalization of $41 billion. Even with a steep drop in market cap to today’s $16 billion (as of March 2022),
Shiba Inu still ranks in the top ten among all meme cryptocurrencies by this measure.
