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Cryptocurrency

Cryptocurrency Insights- Best Cryptocurrencies to Buy in 2022

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Cryptocurrencies are gaining a great deal of popularity these days. Cryptocurrencies are a kind of payment that can be used to buy and sell goods online. The best thing about cryptocurrencies is that they don’t have any middlemen or banks involved, hence the transactions are fast and secure. You only need cryptocurrency insights to invest in the best currency possible.  

Crypto markets have slowed down after a strong year in 2020. However, there is still a lot of excitement and anticipation about what’s coming in 2022. What will happen with Bitcoin? Will it continue its upward trend? And which other coins will see their value increase? Let’s take a look at some of the top cryptocurrencies to buy in 2022.

1. Ethereum (ETH)

Ethereum has been on an incredible run over the past few months. It was one of the first altcoins to hit $100, and now it’s sitting at around $200. It recently broke through $250 for the first time. ETH is growing so quickly that even though it was up by more than 100% in 2021, it could potentially double again in the next couple of years.

2. Ripple (XRP)

Ripple is another cryptocurrency that has seen tremendous growth lately. XRP is trading at just under $3 per coin. That’s almost 50% higher than where it started the year.

This is partly because many different companies are adopting Ripple to pay their bills. XRP is also a favorite among investors because of its relatively high market cap. There are currently only 21 million XRPs out there, but Ripple says it holds 80 billion XRPs in reserve.

3. Stellar Lumens (XLM)

Stellar lumens are probably one of the most underrated cryptocurrencies out there. They’re similar to Ripple, except XLM uses blockchain technology instead of smart contracts.

Like Ripple, XLM is also being used by lots of different businesses. It’s especially popular in South America, Africa, and Asia. One of the coolest things about XLM is that it offers free transfers!

4. Cardano (ADA)

Cardano is another cryptocurrency that has experienced massive gains over the last few months. ADA has been up to over 1000% since January. Cardano is the future of crypto.

 It’s much faster than other blockchains like BTC and ETH. Cardano is also completely open-source. So, if you want to get into crypto, you’ll probably end up learning something from Cardano.

5. Zcash (ZEC)

Zcash is often compared to Monero. Both use ring signatures to hide users’ identities while sending funds. But unlike Monero, Zcash doesn’t store any transaction data on its blockchain. Instead, it connects directly to the bitcoin blockchain, allowing users to send money to each other without trusting third parties.

6. Dash (DASH)

Dash is becoming increasingly popular against centralized fiat currencies. Unlike other cryptocurrencies, Dash isn’t decentralized.

Instead, it has a self-funding treasury model, meaning new coins are generated through various means. For example, every four years, 10% of all blocks produced go toward paying out Dash dividends to those who hold Dash.

Conclusion

Be cautious about investing in cryptos. With tighter market conditions forecast and lower liquidity as the Fed tapers, you’ll need to be careful about your investments. This article isn’t investment or financial advice. Do your research before putting your hard-earned money down. Good luck!