Cryptocurrencies are fast gaining traction in the world of finance. In today's digital world, people are increasingly buying into the concept of cryptocurrency as a new mode for monetary transactions as well as for investments.
Regardless of what cryptocurrencies stand for to you on a personal level, it pays to be in the know of this thing they call digital money. KriptoSlots commits to bringing the latest news on this hot topic. Be sure to check this space regularly.
Dec 12, 2021
Top 10 Cryptocurrencies to invest in for 2022 examined
As 2022 is knocking on the door, there are some things you must know if you are thinking of investing in cryptocurrency next year. Digital assets are the most promising growth opportunities in 2022 as it is also one of the riskiest areas to invest capital. Do you want to invest in Crypto in 2022 but don’t know where to start the journey from? Discussed here are the top cryptocurrencies to buy in 2022.
Bitcoin (BTC) accounts for about 40% of the total market capitalization, even after the current pullback. November was an action-packed month for the digital asset as it hit an all-time high of $69,000 and consequently entered bear market territory later in the month following the emergence of the omicron variant.
The first country across the globe to make Bitcoin a national currency is El Salvador, buying the most recent dip in Bitcoin (BTC). As of December 4, the country has in its kitty150 coins at an average price of $48,670. Bitcoin (BTC) is still very much on the increase for long-term investors.
The Polygon (MATIC) platform was funded by both Coinbase and Binance and was built on Ethereum. The goal is to create a more scalable and versatile crypto ecosystem that will make mainstream adoption of crypto possible. By market cap, Polygon is currently one of the top 15 cryptos. MATIC value has appreciated from less than 2 cents to begin the year to around $2 in early December.
Ethereum (ETH) is one of the top cryptographic forms of money to purchase in 2022. With its dominance clocking more than 21%, it remains one top crypto to invest in the year 2022.
The sudden emergence of Solana (SOL) is one of the more remarkable news of the year. This crypto went from accounting for only 0.01% of the market to above 2.6% in early December. The low fees of Solana, promising future, and maturing ecosystem qualify it as one of the top cryptocurrencies to buy in 2022.
Binance Coin (BNB)
By market cap, Binance Coin (BNB is currently the third-largest token. BNB accounts for only 4.1% of the crypto market, leaving enough room for it to gulp up the market share over time. This is exactly what Binance Coin (BNB) has done in 2021. The market dominance of BNB increased from 0.7% at the beginning of the year to 4.1% by early December. When it comes to the top crypto to invest in, BNB is the best choice.