Top 10 Trending Cryptocurrencies in 2022
Cryptocurrencies are digital assets that use cryptography to secure transactions and control new units. They are also known as virtual currencies, digital currency, or electronic money.
Bitcoin was the first decentralized cryptocurrency in 2009, and its popularity has grown ever since. Bitcoin is a digital asset and a payment system with no central authority or government backing. It is an open-source project with no one person or group in charge.
It’s not just Bitcoin that’s growing in popularity; other cryptocurrencies such as Ethereum, Litecoin, Ripple, Dash, Monero and Zcash are gaining traction. The cryptocurrency market can be difficult to understand for beginners, but it is worth investing time into understanding it if you want to make money from your investments in the future. This article will discuss the top 10 trending Cryptocurrencies to buy in 2022.
Our Top 10 Picks for Trending Cryptocurrencies in 2022
1) Bitcoin (BTC)
• Current Value: $40,326
• Market Cap: $755 billion
Bitcoin has been the number one trending cryptocurrency for a while now. It is the first decentralized digital currency and the most popular cryptocurrency in terms of market capitalization.
The success of Bitcoin can be attributed to its independence from any governing body or central bank and its verification by network nodes and recording of transactions on a public distributed ledger called a Blockchain. Bitcoin is already accepted by many businesses, making it a safe asset. Tesla stated in February 2021 that it had spent $1.5 billion on it, and the company accepted it as payment for its vehicles for a period. It may do so again if extracting it becomes more ecologically friendly.
Lastly, it is safe to say that Bitcoin will continue to be the number 1 trending cryptocurrency for the foreseeable future.
• Current Value: $2678
• Market Cap: $310 billion
Ethereum has the potential to be the best cryptocurrency to invest in in 2022. Ethereum is an open-source, public, blockchain-based distributed computing platform that features smart contract functionality.
Although it was released years after some other altcoins, it has significantly outpaced its market position due to its unique features. It has now become the cryptocurrency to invest in it. In 2017, Ethereum had exponential growth of over 10,000%. 2022 will be a pivotal year for Ethereum, with the ever-growing tech community and the new ETH2 launch.
• Current Value: $83.4
• Market Cap: $26.6 billion
Solana is the best cryptocurrency to invest in in 2022 because it has been specifically designed to address the challenges of scalability and latency. Solana is a decentralized network of computers that uses a blockchain digital record to function. This is a system that keeps records of and controls the currency and every operation that takes place with it.
It can process up to 50,000 transactions per second and has a confirmation time of just 1.5 seconds. This makes it one of the fastest blockchains in the world. It also has a unique consensus mechanism called Proof-of-History, which makes it more secure than other blockchains.
4) Binance Coin (BNB)
• Current Value: $369
• Market Cap: $61 billion
Binance coin (BNB) is the native cryptocurrency of the Binance exchange. It has a low market cap and high liquidity. This means that you can buy or sell large amounts of it without affecting its price. Binance coin exploded in popularity at the start of 2021, rising from around $38 on January 1 to an all-time high of $683 in May.
Binance Coin, which was initially designed to pay for subsidized transactions, may now be used to make payments and purchase many products and services.
It is one of the most profitable coins to invest in in 2022 because it has a limited supply of tokens. Moreover, it has a low transaction cost, making it easier for users to trade with this coin.
5) Tether (USDT)
• Current Value: $1
• Market Cap: $80 billion
Tether is a cryptocurrency that is pegged to the value of USD. It has been around for years, and it has been able to maintain its price against the US Dollar, making it a stable coin.
When traders switch from one cryptocurrency to another, Tether is frequently used as a bridge. They use Tether instead of returning to usd. Some individuals are apprehensive, though, since Tether isn’t guaranteed by dollars held in reserve and instead relies on existing loans. It is possible that in 2022, Tether will be the most valuable cryptocurrency because of its stability and market cap.
6) Cardano (ADA)
• Current Value: $0.81
• Market Cap: $27 billion
Cardano (ADA) is one of the most promising cryptocurrencies globally. It has been designed by leading experts in programming languages, cryptography, and distributed systems. This cryptocurrency has all the potential to become one of the top cryptocurrencies in 2022.
Cardano offers a platform with more advanced features than any other cryptocurrency that can be used for various purposes such as data storage, smart contracts, and payments. Last year, Cardano released a “hard fork,” a system update that adds new features, such as the ability to create smart contracts. Cardano also aims to be more versatile and safe than other cryptocurrencies. To remain ahead of cybercriminals, it constantly enhances its growth.
• Current Value: $1.38
• Market Cap: $10.5 billion
Polygon is a decentralized, open-source cryptocurrency. It is the most recent cryptocurrency to be developed, and it has been designed to be scalable, fast, and secure. Polygon also has a unique consensus algorithm called Proof of Importance (POI). This algorithm ensures that the more active people in the network are rewarded for their contributions.
The Polygon team has been working on this project for over two years now, and they have managed to make it one of the fastest cryptocurrencies in the market. Polygon is a significant investment, according to GoBankingRates, because it’s a blockchain network architecture that works with the Ethereum virtual machine.
• Current Value: $0.7
• Market Cap: $35 billion
Ripple is a payment and remittance network built on distributed ledger technology. Ripple’s goal is to improve the global financial system by enabling “secure, instant and nearly free global financial transactions of any size with no chargebacks.”
Ripple has a current market cap of over $35 billion, as well as over 40 banks that are currently partnered with Ripple. Ripple transactions are well-known for their lower energy usage and faster verification time when compared to Bitcoin transactions.
• Current Value: $69.74
• Market Cap: $19 Billion
Avalanche is a new “layer one” blockchain, described by Binance as “a blockchain that upgrades the fundamental protocol to make the service more accessible.” It was created as an Ethereum competitor by Ava Labs and Cornell University computer scientists.
AVAX began trading in 2020. Since last year, it has ranged from $9.34 to $146.22. Lastly, Avalanche is scalable and capable of processing massive transactions at speeds of up to 6,500 per second.
• Current Value: $0.0017
• Market Cap: $28 Billion
The Shiba token is a utility token used to purchase goods and services on the Shiba platform.
The idea behind the Shiba token is to make it easy for people to buy and sell different cryptocurrencies without using other exchanges.
Shiba has grown in popularity swiftly, breaking into the top ten list of coins by market capitalization earlier this year in December 2021. Shiba is a fork of Dogecoin, a cryptocurrency that began as a joke in 2013 and has now evolved into a versatile coin that can be used to pay for meals, banking, and other products.
Investors are advised to invest in this cryptocurrency because it has the potential for growth in the future.
In this article, we have talked about the top 10 trending cryptocurrencies in 2022. In addition, we have discussed why these cryptocurrencies are considered the best. We have also talked about their market cap and how these cryptocurrencies will be used in the future. It is difficult to predict what will happen with these currencies, but we can say that there is a good chance that they will keep growing as more people adopt them.