5 best crypto currencies to invest in 2022
5 BEST CURRENCIES TO INVEST IN 2022
- Market cap: Over $846 billion
Created in 2009 by someone under the pseudonym Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy a Bitcoin for about $500. As of March 1, 2022, a single Bitcoin’s price was over $44,000. That’s a growth of about 7,800%.
2. Ethereum (ETH)
- Market cap: Over $361 billion
Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).
Ethereum has also experienced tremendous growth. From April 2016 to the beginning of March 2022, its price went from about $11 to over $3,000, increasing more than 27,000%.
3. Litecoin (LTC)
- Market Cap: Over $9 billion
Litecoin (LTC), an open-source blockchain project launched in 2011, was created by former crypto exchange Coinbase software engineer Charlie Lee. It was one of the initial cryptocurrencies whose code is imitated from Bitcoin. Despite the fact that it has similarities with Bitcoin, it is developed to have a faster transaction confirmation time. It can be used as an avenue for paying people around the world without a mediator. LTC is frequently considered “silver to Bitcoin’s gold.”
Litecoin has a total round-off supply of 84 million tokens. In May 2021, it recorded its lifetime high of $413.47 but it dropped by over 50%. There are a growing number of merchants that undertake Litecoin. It has a per token value of around $106, the 21st-largest cryptocurrency in the world.
Market cap: over $8 billion
Originally created as a joke after the run-up in Bitcoin, Dogecoin takes its name from an internet meme featuring a Shiba Inu dog. Unlike many digital currencies limiting the number of coins in existence, Dogecoin has unlimited issuance. It can be used for payments or for sending money.
5. Shiba Inu ( SHIB )
market cap: over $6 billion
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