The digital currency market is growing rapidly in this world. Many businesses worldwide accept cryptocurrencies as a form of payment and are significantly investing in them, which has made an ever-increasing demand for these digital currencies. The level to which the bitcoin industry has gained respect over time is beyond words.

It has achieved a lot of attraction in recent years, attracting several young investors. Institutional investors are mainly interested in investing in cryptocurrency for both long-term and short-term gains. It is continuously growing substantially, making it one of the best options for people who wish to increase wealth and diversify their investment portfolio. In addition to real estate and stocks, it’s a good idea to have cryptocurrencies as their value increases every day.

  1. Bitcoin

    It is evident that this list would start with Bitcoin. Launched in 2009, this digital gold has changed the money game forever. It is based on blockchain technology and is a decentralized currency that is no country issues it. BTC is the second-fastest-growing digital currency and the most famous.

    Transactions in this cryptocurrency are economical and fast, especially when compared to other options. For example, new blocks exist every 10 minutes, and the maximum throughput is about seven transactions per second.

    Bitcoin also has the benefit of making the first move on the market. Investors also need to consider the high liquidity of BTC and its lack of connectivity to the global financial system. All of this makes this cryptocurrency suitable for macro investment purposes. Individuals can easily buy and sell on multiple exchanges without the need for stock-like brokers. Since its inception, Bitcoin has surpassed the stock market in its rate of return
    , making it most suitable for the 2022 investment option.

  2. Ethereum

    Ethereum also works on blockchain technology and is rapidly growing cryptocurrencies and the most competing with Bitcoin. With a market cap of approximately $ 469 billion, Ethereum is the second-largest cryptocurrency by market capitalization.

    Ethereum is growing in its ability to act as decentralized finance (DeFi) platform where bitcoin lacks. For example, Bitcoin needs Lightning Network and other solutions to execute smart contracts. This limitation makes Ethereum a better option for this aspect of the business.

    All apps, security tokens, smart contracts, and other offers require ETH to run on the blockchain. The fact that Ethereum has skyrocketed by more than 800% over the past year has stumbled upon everyone.

  3. Polkadot

    Polkadot has to lead a new era of scalability by connecting blockchains and enabling “para chain.” As a result, it enjoys the excitement of significantly growing users and has become one of the most anticipated projects in the industry.

    It enables cross-blockchain transfers of data or assets, not just tokens, and builds a network bridge between it and bitcoin. These also have a monetary value on exchanges, making it worth a look. Furthermore, it is decentralized and shines in the area of security and speed. These two reasons speak a lot about the credibility of this digital currency and why it’s worth the investment. Polkadot plastic chains ease regular congestion, thereby making the currency highly valued and sustainable for investment purposes.

    Undoubtedly, this digital currency has opened up its niche in the cryptocurrency market and is a rival to Ethereum.

  4. Binance coin

    Binance Coin is the best cryptocurrency for paying fees on the Binance exchange and buying significant cryptocurrencies such as Bitcoin and Ethereum. When you buy Binance Coin, you invest in Binance, the largest cryptocurrency exchange in the world.

    Binance Smart Chain uses Binance Coin to pay transaction fees and everyday goods and services. Its market capitalization can exceed $ 51 billion. There are also various types of secure applications that make BinanceCoin the best investment choice. This is one digital currency that has skyrocketed in value over the past year.

  5. Solana

    Considered as “a potential long-term rival of Ethereum” and highlighted by the World Economic Forum, Solana has increased in value by 18,000% since its inception in 2020. Thus, for many investors, Solana will be a meaningful cryptocurrency in 2022.

    His collection of degenerated apes has shaped Solana’s unique move to NFT. Each ape has its characteristics and varying degrees of rarity. It creates a wormhole bridge between networks like Binance to the Terra network.

    Solana can process over 50,000 transactions per second, with each transaction costing less than a cent.
    Like Ethereum, the Solana protocol is designed to make it easier to create DApps, but the network is even faster than Ethereum, much cheaper, and easier to scale than its competitors.

Top Exchanges to buy Altcoins

  • Wazirx

    Wazirx is one of the oldest exchanges globally for cryptocurrency buyers and sellers and is trusted by over 4 million users. It is a world-class exchange that appeals to all types of investors with an easy-to-use interface, ideal for beginners and experienced investors. Users can sell coins immediately and withdraw fiat money to VISA, Mastercard, or a bank account.

  • Coinbase

    It is one of the best platforms for cryptocurrency trading and provides the latest market and economic news. It has high privacy standards and faster order execution and charges a 0% fee commission. Trading is easy to start on this platform, even for beginners, with four simple steps.

  • Binance

    Binance is among the most popular exchanges for cryptocurrency worldwide. This platform is easy to buy, sell and trade over 200 digital cryptocurrencies. As a result, Binance has skyrocketed to become the world’s most popular crypto exchange, with the highest daily trading volume.

  • Coinmarketcap

    It allows you to quickly and securely convert one asset to another with fiat currency purchases and instant crypto swaps. You can buy or trade over 122 digital currencies such as Ethereum and other lesser-known Altcoin. Purchased assets are sent directly to the wallet, significantly reducing the risk of hackers stealing coins held in wallets on traditional exchanges.

  • Gate.io

    It is an all-in-one platform for buying, selling, trading, spending, storing, earning, lending cash, and even paying invoices in cryptocurrencies. In addition, gate.io customer support helps users 24 hours a day, seven days a week through live chats.

Conclusion

The cryptocurrencies mentioned above are great options to invest in 2022. These provide excellent benefits at reasonable prices. Although investing in the cryptocurrency market comes with a variety of risks and problems. Before purchasing any cryptocurrency, the best suggestion is to educate yourself on the technology. This will help you keep calm throughout the market’s abrupt instability, prepare you to absorb a lot of volatility, and make it easy to invest in the future.