London, UK, Binary News Network, Cryptocurrency has been in the news for a long time now, and it has just recently picked up pace over the last few years.
Cryptocurrency is all about decentralization, which means there is no central authority governing this form of currency. This also translates to there being no set rules and regulations by the governments and central banks. No taxes either!
This has made many people wonder if cryptocurrency is the future. Some are afraid that it’s just a fad and will soon disappear into thin air.
There are also those who believe in cryptocurrencies, like Bitcoins, as well as altcoins. Despite the lack of clear support from governing bodies for this form of currency, more and more companies are accepting cryptos as a form of payment.
Some countries have also legalized cryptocurrencies, which gives them more credibility and stability. There are now plenty of places where you can spend your cryptocurrency, and this includes online stores and even real-life retail stores and establishments.
Still, there is no consensus on whether investing in cryptocurrencies would be profitable later. Cryptocurrency has skyrocketed in the past few months.
But Victoria-Coins broker, Tony Nikolaou, has researched the following cryptocurrencies that anybody can invest in with confidence in 2022. The following are the top cryptocurrencies to invest in by 2022.
Before making any investment decision, always keep these things in mind: do your research; find out if you need a broker or not; don’t invest money into something you don’t fully understand. And lastly, never invest what you cannot afford to lose.
You can decide for yourself which cryptos to invest in. But if you’re not sure where to start, the following are the top cryptocurrencies for 2022 (in no order).
Ethereum is now one of the most preferred currencies among investors. This currency has gained an immense amount of popularity over the last several months. It is no wonder why, with companies like Microsoft and IBM choosing Ethereum to be part of their projects.
The price at the time this article was written was USD 362.47. In 2022 it is expected to increase by 354% to reach USD 1360.33.
This cryptocurrency tends to rise when Bitcoin falls, and it’s expected to be the second most valuable cryptocurrency by 2022.
This is another of the top cryptocurrencies worth investing in. It has shown huge potential throughout 2017 and has made significant price gains. The price of Skycoin at the time this article was written was USD 6.14. In 2022, it is expected to rise by 1040% to reach USD 66.47.
This is one of the most promising coins in the market today. This cryptocurrency can give investors significant gains.
Of course, Bitcoin would be included on this list of cryptocurrencies to invest in. The current price, as at the time this article was written, is USD 2445.2. By 2022, it is expected to rise by 955% to reach a price of USD 24499.
This currency got a lot of attention recently when a hard fork occurred. This split resulted in the creation of Bitcoin Cash. Currently, this currency (Bitcoin Cash) ranks number four among other cryptocurrencies in terms of market capitalization.
Ripple is another cryptocurrency that gained a lot of attention in 2017. Its current price, as at the time this article was written, is USD 0.6. In 2022, it is expected to reach a price of USD 5.91, which means it will increase by 1428%.
This currency has a unique feature – its scalable approach to payments. This cryptocurrency is designed to be part of the Internet of Value. Its blockchain technology focuses on cross-border payments.
Another top cryptocurrency worth investing in is Litecoin. The current price at the time this article was written was USD 130.47. In 2022, it is expected to increase by 736% and reach USD 981.76.
Litecoin was one of the first cryptocurrencies to be created, and it is often called the silver to Bitcoin’s gold. It has gained a lot of popularity in recent months, and this has made its price increase significantly.
Another cryptocurrency worth investing in is Dash. The current price as at the time this article was written is USD 757.82, and it is expected to rise by 883% to reach USD 6066.3.
Dash has gained a lot of popularity recently, especially after developers announced that it would be accepted as cash for some online retailers. It also has a promising future with its own version of the Tor network called Darksend.
Dash (originally known as DarkCoin) is a privacy-centric digital currency with flexible and instant transactions. It was rebranded in March 2015 while retaining its original name.
Dash was created by Evan Duffield and can be mined using a CPU or GPU. The first version of Dash appeared on 18 January 2014, and the first stable release on 14 February 2015.
The release of the Dash cryptocurrency primarily involved “a hard fork of Litecoin.” The fork occurred on 25 December 2013 and included various changes to the original Litecoin code:
Evan Duffield made various changes which he described as follows: “Dash was originally a copy of Litecoin’s codebase, but we’ve made over 1300 commits to just the core client alone in just the last year. In addition to Dash’s own code changes, we’ve completely reworked the network from scratch as well with a new hashing algorithm, DGW, and a completely new decentralized organizational structure without a premise.”
Dash uses a single-tier network where miners are only responsible for securing the blockchain, whilst masternodes provide the feature of InstantSend and PrivateSend. In terms of privacy, it uses a CoinJoin based protocol involving three parties where tokens are made available from several different users to form a new transaction.
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 on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
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