Top 9 best cryptocurrencies in 2022

Despite the fact that the wild returns of many thousands of percent sound like a lottery win, the investor needs to be careful when investing in cryptocurrencies.

The price of cryptocurrencies is very much based on speculation, which is why their exchange rate is really volatile. Hundreds of percent returns can melt in days. So it is worthwhile for the investor to look carefully at what they are investing in and to invest in more special crypts only amounts that are willing to lose.

Investing in cryptocurrencies is, by the way, quite a gamble, as there is no guarantee that bitcoin and other cryptocurrencies will increase in value or even remain in the value.

It is recommended to transfer at least some of the cryptocurrencies to a separate Bitcoin wallet for smoother payments.

Bitcoin

Bitcoin is probably the best-known cryptocurrency and still accounts for about 60% of the total digital currency market today. Many believe that Bitcoin is the best cryptocurrency for a novice investor, as there are already guarantees of its functionality and security.

Bitcoin is known to be the first and most valuable cryptocurrency and is constantly evolving. In 2021, it will be quite interesting to see how the reform that improves the speed of bitcoin, known as the lightning network, is progressing. The lightning network is a payment network built on bitcoin, which enables significantly faster and cheaper bitcoin transfers.

Bitcoin has consolidated its position and is overwhelmingly valuable compared to all other cryptocurrencies. Although its security has been tested quite differently from other systems, it has survived all attacks and bans and will look stronger in 2021 than ever before.

Litecoin

Litecoin is not a cryptocurrency that entered the market yesterday. Founded as early as 2011, Litecoin is well placed at the forefront of digital currencies. Litecoin is based on the Bitcoin code, so it has a lot to do with the known bitcoin. One of the benefits of Litecoin is that it is also easy for a beginner to buy and store Litecoins.

Litecoin will most certainly remain a major cryptocurrency to invest in now and in the future. And as long as it gets implemented with the much-anticipated private features, it will become an even more attractive destination in terms of investment.

Ethereum

Ethereum is now the second-largest cryptocurrency on the market. Just like Bitcoin, Ethereum is more valuable than all of its competitors combined. Ethereum can be purchased from almost any well-known stock exchange.

It’s worth noting that Ethereum’s problem is outdated technology. There will be excitement this year about whether to launch Ethereum 2.0 and if that happens, this cryptocurrency could rise in value unpredictably.

This launch could already take place between 2020 and 2022, but if the launch of the version is delayed, it is possible that Ethereum will lose its position in the market. This system upgrade is expected to significantly improve network scalability and reduce transmission costs.

From an investor’s perspective, Ethereum looks like a very interesting cryptocurrency in early 2021. In particular, that approach to the upgrade could raise expectations and its success could have a really positive impact on investor confidence.

Many still strongly believe that there will be no viable challenger for Ethereum until now. In terms of cryptocurrency, reputation is more important than mere technical characteristics, and therefore Ethereum is likely to remain at the top of the market for a long time to come.

Cardano

It is a third-generation intelligent contract platform, the development of which has taken into account the shortcomings of Ethereum and its other predecessors. Cardano is the

first blockchain in cryptographic history to build its operations around peer-reviewed and academic research.

Cardano aims to provide a new, more secure, transparent, and sustainable way of doing business internationally. In addition to this, its developers have launched projects in various parts of Africa, with the goal of facilitating the exchange of money by 1.7 billion people without bank accounts in the world.

In March of this year, Cardano has unveiled its second tier, Hydra, which allows the smart contract platform to reach up to one million transactions per second. The new scalability would indeed allow for the large-scale use of cryptocurrency, and therefore interest in Cardano has only grown further.

In terms of technical features, Cardano is quite promising and has already managed to attract a considerable number of supporters around it.

Binance Coin

Binance Coin is a token created by the cryptocurrency exchange Binance. The task of tokens is to act as value transferors, for example, and they do not have their own blockchain. Originally, Binance Coin operated on the Ethereum platform, but today it already has its own blockchain and Binance Coin is a compliant cryptocurrency.

Ripple

XRP is used primarily for remittances between large institutions, not for private trade. Sure, it is also used among individuals, but this is far less than with institutions and has never been Ripple’s main purpose.

Investing in XRP is an investment in the Ripple network and in ensuring that institutions continue to use Ripple in the future. Thus, unlike bitcoin, no more XRP is ever generated. The amount of currency, on the other hand, decreases with each payment.

The ripple payment system and the XRP virtual currency are thus very different entities from cryptocurrencies in general. Ripple doesn’t fish on the same fringes as Bitcoin, which is specifically a currency, or Etheremum, which is meant to be a distributed supercomputer.

Dogecoin

Dogecoin is a so-called meme currency, ie a cryptocurrency created just on the basis of a joke. The developers of Dogecoin created a satirical cryptocurrency that mocked the goals of Bitcoin and the altcoins based on it to conquer the market. The cryptocurrency was named after a dog popular on the Internet.

TRON

Tron is a platform of its own, just like its cryptocurrency Tronix, or TRX. You can buy Tron TRX, for example, by exchanging other cryptocurrencies for it. Tron TRX can also be purchased on cryptocurrencies.

Tron is a blockchain-based project where its applications and operating system services are distributed across multiple computers. This is called a distributed operating system. In the case of Tron, its operating system is based specifically on its own cryptocurrency, Tronix, or TRX.

Zcash

Zcash is an encryption currency designed to use encryption to provide better privacy to its users compared to other cryptocurrencies. Zcash is based on Bitcoin's codebase and has many similarities to Bitcoin, such as e.g. fixed total of 21 million pieces.

However, this is not a hard fork, meaning that Zcash's blockchain has never branched out from Bitcoin like Bitcoin Cash or any other forks. Zcash's idea is a bit similar to that of Litecoin, meaning that the current code for Bitcoin software was used as the basis for the development work.