best cryptocurrency

by Marlon Emmanuel Mcleod

The bear market for cryptocurrencies has been severe since its peak in November 2021. In less than a year, the value of this once-hot asset class has dropped by approximately two-thirds, from nearly $3 trillion in November of last year to less than $1 trillion in late August. The downturn coincided with stock market selling sparked by increasing inflation and interest rates,

pushing stocks into a bear market. However, the world of cryptocurrencies is substantially riskier than the stock market because of less regulation, fewer well-known companies, and the enigmatic technology that underpins it. These elements may cause “rug pull” frauds or the sudden collapse of a purported stablecoin.

best cryptocurrency

In conclusion, those who are risk averse should avoid the cryptocurrency market. But what is the best Cryptocurrency to purchase for those who can endure high volatility? Below is a list of the top seven cryptocurrencies to buy.

1. Bitcoin-The best Cryptocurrency

Of course, the original and most well-known Cryptocurrency is still the best to buy in 2022. While the bitcoin price has dropped sharply this year, it is still substantially up from where it was a few years ago.

With a $450 billion market valuation, Bitcoin is the world’s first and most valuable Cryptocurrency. Important financial organizations are interested in this peer-to-peer online coin and do bitcoin transactions using a bitcoin wallet.

Bitcoin should be at the top of every list of the best cryptocurrencies to buy because it is essentially a must-have investment for anyone wishing to dangle their toes in this asset class. The first Cryptocurrency and the one with the greatest market capitalization, Bitcoin, was created in 2009; as of mid-September, BTC alone accounted for nearly 40% of the market. Bitcoin, sometimes referred to as “digital gold,” derives value from its rarity and long history of serving as a store of value. Only 21 million Bitcoins will ever be created, and 19.2 million of those, or 91%, are now in use.

A recent stock market sell-off caused many investors to lose money as Bitcoin fell below the $20,000 threshold again. While some detractors claim that Bitcoin’s golden age is over, new trusts and exchange-traded funds that track the asset are emerging. It’s doubtful that Bitcoin will ever disappear until the entire asset class burns to the ground. The market cap depends on the bitcoin foundation, and without the bitcoin core in crypto markets, there is no cryptocurrency future, so bitcoin is here to stay. You can buy bitcoin using platforms by connecting your bank account, or mining bitcoin is always an option.

best cryptocurrency

2. Ethereum (ETH)

The Ether token is the most valuable Cryptocurrency in the world, built on top of the Ethereum blockchain and becoming a standard in the market. Said, if Bitcoin is gold today, then Ether is silver. With its “smart contracts,” which are a platform for other applications, Ethereum revolutionized blockchain security and usage.

Program developers love Ethereum for its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens.

Since April 2016, its price has gone from about $11 to over $3,000 – increasing more than 27,000%.

3. Binance Coin (BNB)

Binance Coin is a type of Cryptocurrency that allows you to trade and pay fees on Binance, one of the biggest crypto exchanges in the world.

Binance Coin was launched in 2017 and has expanded past only being used for trades on Binance’s exchange platform. Nowadays, it can be employed for trading, payment processing or even booking travel plans. It can also be traded or exchanged for other digital currencies, such as Ethereum or Bitcoin.

The price of BNB in 2017 was $0.10, and by early March 2022, the token had soared to around $413. This is an increase of approximately 410,000%.

4. Solana (SOL)

Solana (SOL) is one of the most popular cryptocurrencies on the market. The Solana network focuses on fast transactions and high throughput. Solana’s unique transaction mechanism helps it process over 50,000 transactions per second, making it a competitor to Ethereum. In addition, Solana offers smart contracts to crypto wallets, making it a popular choice among users.

Solana, much like Ethereum and Bitcoin, maintains its blockchain. Also similar to Ethereum, Solana was tailor-made for DeFi—an area of finance involving smart contracts rapidly growing. With the potential to do away with many transactions that currently require intermediaries such as agents, brokers, centralized exchanges and other inefficient middlemen, DeFi is a large enough field that there can be multiple winners.

best cryptocurrency

The switch to PoS for Ethereum will make Solana’s biggest competitor, SOL, even more, appealing by lowering fees and increasing transaction speeds. With a strong ecosystem of its own, or dApps, as well as a growing presence in gaming, SOL has become a top-10 cryptocurrency with staying power and an impressive ecosystem of decentralized applications. NFTs, as well as a rise in gaming activity, have helped increase SOL’s market share from 0.01 percent in January 2021 to 1.1% today

5. Avalanche (AVAX)

The next Cryptocurrency on the list to invest in is Avalanche, another competitor in the promising domain of DeFi and smart contracts. The native currency of the AVAX blockchain is known as AVX. Avalanche aims to be a crypto equivalent of AWS, with ambitious goals for its platform. Amazon Web Services (AWS) is a popular cloud computing arm of Inc., commonly used by Fortune 500 companies and major financial institutions to power their websites and digital offerings. 

Avalanche’s new subnets feature allows enterprises to launch their blockchains, gradually becoming more popular. Since its public market debut in 2020, the company’s stock (AVAX) has increased by roughly 400%, selling for around $20 per share.

6. Terra (LUNA)

Terra is a blockchain payment platform for stablecoins that balances two forms of cryptocurrencies. Terra-backed stablecoins, such as TerraUSD, are linked to the value of actual money. Luna’s counterweight runs the Terra platform and creates more Terra stablecoins.

The value of Luna is determined by supply and demand: When a stablecoin’s price surpasses its linked currency’s value, users are incentivized to destroy their Luna to make more of that Terra stablecoin. Similarly, when its value compared to the base currency decreases, users are urged to burn their Terra stablecoins to create more Luna. As the Terra platforms’ usage increases, so will the value of Luna. From Jan. 3, 2021, when its price was $0.64, to the beginning of March 2022, Luna has risen over 14,200% to $92.

7. Cardano (ADA)

Cardano has become one of the most well-liked blockchains among developers, and its platform has produced over 800,000 NFTs. Cardano offers rapid transactions and long-term scalability, which contributes to its appeal. Popular decentralized blockchain platform Cardano uses proof-of-stake (PoS) consensus to run its operations. The platform has deployed smart contracts to enable the development of multiple DApps (Decentralized Applications) and DeFi protocols on its network.

Cardano is a platform that can operate the financial apps that people, businesses, and governments from all over the world use daily. Additionally, Cardano is the ideal substitute for bitcoin because of its eco-friendliness and transparency. Additionally, Cardano has demonstrated its potential as one of the top cryptocurrencies for buyers in 2022.

best cryptocurrency

8. Dogecoin

Dogecoin (DOGE) was created as a joke in 2013 but has become one of the most popular cryptocurrencies. Dogecoin is based on the Shiba Inu dog meme and was started as a way to satirize Bitcoin. Dogecoin shares many characteristics with other major cryptocurrencies, such as Litecoin, but there are also some key differences. For example, Dogecoin has a much faster block time of only one minute, and there is no limit to the supply of Dogecoins that can be mined.

Dogecoin has been embraced by the online community and has become a popular tipping currency on social media platforms such as Reddit and Twitter. The Dogecoin community has also actively organized fundraising efforts for various causes. In 2014, the Dogecoin community raised over $50,000 to sponsor the Jamaican Bobsled Team to compete in the Winter Olympics.

When Dogecoin entered the AMC cinemas and was accepted as a payment method by sports teams in 2020, it began to show promise. Elon Musk and Mark Cuban, two well-known figures, choose Dogecoin over other cryptocurrencies. They could send just one tweet that would send the DOGE price into a tailspin.

9. Polkadot (DOT)

The 2016-founded Polkadot (DOT) blockchain interoperability protocol was created to link various chains. Additionally, it enables secure data exchange and transaction processing for parachains or parallel blockchains. Developers can use Polkadot security to build their blockchains.

Gavin Wood, the principal architect of Ethereum, developed Polkadot. The intriguing aspect of DOT is that there is no strict cap on the total supply. Instead, a fresh token is always being distributed. The network is designed to be operated by validators who stake DOT tokens.

The Polkadot protocol’s primary goal is to offer a solution that can solve Ethereum’s current problems, such as high fees, slow transaction times, and scalability issues. Additionally, it aims to provide a platform to host multiple blockchains and connect them.

The price of Polkadot peaked in May 2020 at $6.30 and reached an all-time high of $55.11 in May 2021.

best cryptocurrency

10. Litecoin (LTC)

Charlie Lee, a former software developer for cryptocurrency exchange Coinbase, invented the open-source blockchain project Litecoin (LTC), one of the best crypto assets to invest in, introduced in 2011. It was among the first digital currencies whose code was a copy of Bitcoin’s. Despite similarities to Bitcoin, it is designed to have a quicker confirmation time for transactions. It can be used as a direct payment method anywhere in the world. The term “silver to Bitcoin’s gold” is widely used to describe LTC.

The overall round-off supply of Litecoin is 84 million coins. It reached an all-time high of $413.47 in May 2021 but fell by more than 50%. The number of businesses accepting Litecoin is rising. It ranks as the 21st largest Cryptocurrency in the world, with a per-token value of roughly $106.

Frequently asked question

Does bitcoin mining affect bitcoin transactions?

The answer is no. Bitcoin mining is used to confirm and secure transactions on the bitcoin network—the decentralized ledger that underlies Cryptocurrency. It does not affect whatsoever the number of bitcoin transactions. However, if there are not enough miners to confirm all the transactions on the network, some will have to wait longer for their transactions to be confirmed. This is one reason why transaction fees have risen over time, as miners have been motivated to prioritize transactions with higher fees.

What is the difference between a blockchain and a cryptocurrency?

A blockchain is a digital ledger of all cryptocurrency transactions. It constantly grows as “completed” blocks are added with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the blockchain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Cryptocurrency refers to digital assets that use cryptography to secure their transactions and control the creation of new units. Cryptocurrencies are decentralized and not subject to government or financial institution control. Bitcoin, the first and most well-known Cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.

best cryptocurrency

Which investment is better, Real estate or investment in crypto assets?

This is a difficult question to answer. Both real estate and crypto assets can be good investments, but they each come with their own set of risks and rewards. Real estate is a more traditional investment, and it can provide a steady income stream through rental payments. However, the value of a real estate can fluctuate wildly, and it cannot be easy to sell quickly if you need to. Crypto assets are much newer, and their prices can also fluctuate rapidly. However, crypto has the potential to offer higher returns than real estate, making them more attractive to some investors. Ultimately, it is up to each investor to decide which type of investment is right for them.

Does the rise and fall of the bitcoin price affect other Cryptocurrency’s prices?

The short answer is yes. The prices of all cryptocurrencies are closely linked, and when the price of one goes up or down, the prices of others usually follow suit. This is because most cryptocurrencies are traded against Bitcoin, and changes in BTC’s price have a ripple effect throughout the market. However, there are some exceptions. For example, Ethereum has been relatively insulated from Bitcoin’s price fluctuations due to its use as a platform for decentralized applications (dApps). This underscores the importance of doing your research before investing in any cryptocurrency.

Is buying Cryptocurrency safe?

Cryptocurrency is a digital asset; its value can go up or down like any other asset. This means there is always the potential for loss when investing in Cryptocurrency. However, if you’re careful about which coins you buy and when you buy them, you can minimize your risk and maximize your chances of success. As with any investment, it’s important to do your research before buying Cryptocurrency. Be sure to read up on the team behind a coin, their vision for the project, and the community surrounding it. These factors will all play a role in determining whether a coin is a good investment.

best cryptocurrency


So, there you have it – the top 10 cryptocurrencies will likely be worth a lot in 2022. These digital coins offer something unique and valuable, whether it’s faster transactions, more anonymity, or even the chance to make money. While this list may change in the coming years, we believe these currencies have great potential and will only continue to grow in value. Have you started buying any of these cryptos? If not, now might be the time to start! others post

by Marlon Emmanuel Mcleod


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