Top Cryptocurrencies To Invest In: An In-depth Research Review
Over the past 10 years, just one year, 2014, the total market capitalization of cryptocurrencies has been decreasing. The past is not always the prologue, and it is true that during the era of the pandemic, there was some irresponsible speculation in the crypto space, and digital asset fraud peaked in 2021. Billions of dollars were lost due to cheating and drawing the carpet as a symbolic game of the octopus. sell tokens and walk away with their own winnings. However, cryptocurrencies spread rapidly and while regulation can pose risks in this area, it is also one of the biggest cases as digital assets are legitimized by the hard and fast rule of the world’s governments. Here are the five best cryptocurrencies to buy in October 2022. These five(5) crypto-currencies listed below are all in Binance.
1. Bitcoin (BTC)
Bitcoin, a must for any cryptocurrency investor, is by far the largest cryptocurrency by market cap and is proving to be a means of storing value just as it is in the asset class. The coin, which turns 13 on January 3, has a total market cap of nearly $900 billion.
It represents nearly 40% of the total cryptocurrency market value and is the only digital asset traded fund in the United States since its creation. As the longest-lived cryptocurrency and companies like Tesla Inc. and MicroStrategy Inc. are on their balance sheet, BTC is the most mature coin in its class and a necessary investment for those interested in crypto. This makes it the number one best cryptocurrency to invest in, in 2021, 2022, and beyond.
2. Ethereum (ETH)
Even though Ethereum only ranks second in terms of market cap after Bitcoin, which accounts for about 20% of the total market, Bitcoin could be close to outperforming Bitcoin. This is because, apart from having real functionality, it is a store of value, and its Ethereum network easily claims to be the most widely used blockchain in the world. Smart contracts, irreplaceable tokens, and even other cryptocurrencies are traded apart from Ethereum, making its native currency, Ether (ETH), one of the best cryptocurrencies. ETH is also designed to be much more energy-efficient than Bitcoin when going from a performance log to a betting log, eliminating the much more energy-intensive need to validate blockchain transactions through complex computational overhead. Apparently, as you have already known, Ethereum, makes second on the list, so it’s the second-best cryptocurrency to invest in 2022 and beyond.
3. Solana (SOL)
While Ethereum will soon address some of the energy issues plaguing Bitcoin, Solana has addressed one of Ethereum’s biggest problems: transaction fees. These “gas fees” make simple transactions on Ethereum financially impractical, but Solana’s fees are a fraction of the cost of ETH. Like Ethereum, Solana was created as a major decentralized finance or Defi platform that excludes financial intermediaries and gatekeepers of traditional finance and institutions such as banks, brokers, and centralized exchanges. Solana launched in 2020 and has a small but growing market share, with the coin’s value rising from $1.51 in early 2021 to over $160. So popular and has been existing for quite a long time now. Solana was built on the polygon blockchain. This makes it the third-best cryptocurrency to invest in 2022 and beyond.
4. Cardano (ADA)
Cardano was founded in 2017 by Ethereum co-founder Charles Hoskinson and is one of the largest blockchains to successfully manage a more energy-efficient and secure protocol for betting. Cardano aims to promote a developer-friendly ecosystem for decentralized applications or dApps. Unlike Ethereum, Cardano has a strict limit on the number of coins ever, going up to 45 billion. Fortunately for investors, $33.5 billion, or about 74% of the offering, is already in circulation, meaning the remaining dilution is known and relatively limited. Cardano, one of the best cryptocurrencies to buy right now, rose from 22 cents to around $1.30 last year.
5. Dogecoin (DOGE)
Yes, Dogecoin is famous for taking inspiration from cryptocurrency memes that started as a joke. But most importantly, being a token meme in the cryptocurrency world, where Dogecoin and Shiba Inu enjoy the top 15 calculations in terms of market cap, is not a mistake. However, the reason Dogecoin is one of the best cryptocurrencies to invest in right now is serious: Elon Musk is a true believer, not just a suspect ironic fan against the backdrop of Dogecoin’s epic 2021 rally that was originally said to be January on a podcast with Lex. Friedman. Given the power of Musk’s word in crypto, it’s surprising that there hasn’t been a price reaction. If the mass media immediately revives Musk’s interest in the currency – or if the unlikely billionaire once again makes his admiration for Dogecoin public – then Dogecoin could make short-term gains. Personally for me, even though at the time of writing this article, Dogecoin is down big time, there is a strong hope for Dogecoin. This is because Elon Musk has taken this meme coin personally and ‘adopt’ it as the coin to be used to purchase some of his ‘Tesla’ products and the tweets he made specifically on Dogecoin are outstanding compared to any other coin. Even though he has also been seen tweeting on his Twitter page about Baby Dogecoin. This gives a lot of hope to the meme con Dogecoin and also its baby, Baby Dogecoin.
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