London, UK — A coin, crypto, crypto-currency, or cryptocurrency is designed digitally to use as a mode of exchange through a computer network. It is not dependent on any government or bank for maintenance. The existence of cryptocurrency is not physical, it exists digitally and virtually, and it only uses cryptography to secure the transaction. It has a huge network from peer to peer that monitor and manages this network is called blockchain, and it also secures and organizes the ledger of buying and selling. Crypto is just a medium of exchange and transaction, such as US dollars but in digital form. For online buying and investing, people use crypto as digital assets. They buy crypto tokens or coins in exchange for real currency and wait for their price momentum to boost. Cryptocurrencies are taxable by law, just like other transactions. Analysts from all over the world predict that the crypto market will be more than triple by 2030. It can hit new heights as prices of commodities rise and there is inflation all over the globe. In such circumstances, Bitcoin is seen as an inflation hedge. Bitcoin is also known as digital gold. The most important thing is that the supply of Bitcoin will never exceed 21 million, which makes it an attractive store of value and resistant to inflation. According to Benjamin Dukes, an analyst at FinancialCentre, cryptocurrencies are very popular these days and its almost grabbing attention from all over the globe in every industry. More than 11,000 cryptocurrencies are in existence now, and they are increasing day by day. It grabbed the attention of various celebrities, such as Elon Musk, Bill Gates, etc., who are investing in cryptos. It will be more popular among brands, businesses, and investors shortly. Crypto will change the world, and biotechnology will help to change the scientific roadblocks we face by providing access to everyone to real-time data and eliminating the major corporations and foundations sitting on important information. There are a huge number of crypto coins available in the market, but here we are going to discuss the five most popular cryptocurrencies that you can buy in 2022.
1 – Ethereum (ETH)
More than 11000 crypto coins are there in the community, and there are a lot of options out to choose from at the time of investment. The number one choice to invest in 2022 is Ethereum. It is an open-source blockchain with smart contracts functionally and decentralized. A programmer, Vitalik Buterin, conceived Ethereum in 2013. It is pretty hard to choose a crypto coin when you are thinking about investment, but once you decide on Ethereum as your first choice, then invest in it for the best end goals. Despite the potential risks, Ethereum has proved to be the best investment. In the long run, this will be very beneficial. From 2016 to early 2022 ETH experienced a hike in its prices. It went over $3,550 from about $10 and accelerated by more than 32000%. All the analysts over the globe agreed that it has plenty of growth and potential ahead. In the long run, it is the best decision to invest in Ethereum, and it is best to invest in Ethereum and hold it while the digital currency is undervalued.
2 – ApeCoin
The second best choice to invest in the crypto coin is ApeCoin in 2022. The team behind Bored Ape Yacht Club launched a gaming coin in 2022. The platform of ApeCoin is made up of 10,000 NFTs. It is all with governance and various utility features developed as ERC-20 cryptocurrencies. At the time of its launch in 2022, the top crypto price was around $6.40. However, its price boosted and accelerated to approximately $42 per coin within minutes. The project ApeCoin was developed as a Metaverse crypto project. It can be easily used for online buying via Shopping.io, and users are allowed to buy products from Walmart, eBay, Home Depot, Amazon, and a lot more. ApeCoin users get a 2% discount on every purchase and paid in ApeCoin tokens, making the buying more interesting. It is the best choice to invest in this second most popular crypto, and it will give you a handsome profit in the long run.
3 – Bitcoin (BTC)
Bitcoin (BTC) is a digital currency that can be transferred to a peer Bitcoin network. All transactions are recorded in the ledger and verified by network nodes through cryptography. In 2008 an anonymous group of people or an unknown person named Satoshi Nakamoto invented the bitcoin. Its block time is 10 minutes, and its circulating supply is 18,925,000 bitcoins. Its total supply limit is 21,000,000 Bitcoins. Its exchange rate is always floating, and its total market capitalization is the US $775 Billion.
Various analysts believe that Bitcoin is expected to surpass $74,000 by the end of 2022. The leading crypto BTC is fractionable, and one can even buy just a small fraction of one Bitcoin unit. This is a very good catch for those who want to invest minimum and fear losing more.
4 – Binance Coin (BNB)
One of the best cryptos to add to your portfolio is another leading crypto named Binance Coin (BNB). In terms of the average daily trading volume of crypto, it is the largest exchange in the world. It is registered in the Cayman Islands. A developer who created the high-frequency trading software named Chanpeng Zhao founded it in the year 2017. BNB users are allowed to benefit from paying less commission while they exchange. It is a digital coin to support the Binance Smart Chain.
5 – Uniswap
Uniswap is primarily home to decentralized exchange. Uniswap users are allowed to buy and sell their currencies without centralizing the third party. In early 2022 its market capitalization surpassed $5.70 Billion. The business of Uniswap has been extended by developing an online marketplace in conjunction with the Metaverse and NFTs. Virtual and digital currencies are highly volatile assets, and their investment is always expose to risk, but it is expected the UNI token price will reach $18 per coin later in 2022.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find in this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.