Cryptocurrencies are the new trend and has a potential future. Investing in crypto can never be a bad option, though it is risky but also extremely profitable in the long run. Crypto is a form of digital asset based on a network that is distributed to a large number of networks, like a peer-to-peer system. This decentralized structure allows them to stay outside the control of govt and central authorities. Another reason why cryptocurrencies are so popular, it is due to their thorough transparency, owing to open source and publicly verified technology. It works in a peer-to-peer network where many computers are connected and working together through blockchain, making it a secure network. Let us have a look in the cryptocurrencies that will boom in the year 2022
Note: This all report is based on internet research. The cryptocurrency market is subject to market risk. so always invest at on your risk.
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1. BITCOIN
Bitcoin was created by Satoshi Nakamoto back in the year 2009. Bitcoin, the most popular form of cryptocurrency has risen over four times in a year. In the last 10 days, the price of Bitcoin has risen by nearly $10,000 in the global market. According to experts, BTC is one of the top cryptocurrencies to be booming in 2022.
2. ETHEREUM
Ethereum was founded by Vitalik Buterin and was initially released in the year 2015. Ethereum has real-world application value, i.e, one can use this currency for contracts. ETH has experienced tremendous growth of about 42000% this year and has good growth potential in 2022 as well.
3. BINANCE COIN
Binance coin is developed and marketed by Binance company. Originally it is based on ETH but now it has its own Binance chain. BNB is used as a utility token to pay for trading fees and transactions at a lower price and can be traded for other forms of cryptocurrencies. One can invest in this in the upcoming year.
4. XRP
Released in 2012, it was created by the U.S based technology company Ripple Labs Inc. and was validated by independent severs. XRP can be used to facilitate the exchange of different currencies such as BTC, ETH, and many more. XRP witnessed a spike in November 2022 and is one of the top currencies to enjoy a boom in 2022. It will be one of the best currencies to buy in 2022.
5. TETHER
Tether was founded by Brock Pierce, Craig Sellars, and Reeve Collins in July 2014. It is known as a stablecoin that aims to keep a fixed exchange ratio with the US dollar. Since it is a stablecoin and is backed by fiat currencies, it does not have any fluctuations in the highly volatile market. Crypto investors have a lot of faith in this cryptocurrency.
6. CARDANO
Cardano was founded by Charles Hoskinson. It is well known for its early embrace of proof-of-stake validation. ADA has grown over 7,850% this year and is also expected to grow next year.
7. POLKADOT
Polkadot was founded by Dr. Gavin Wood in the year 2020 only. It allows diverse blockchains to transfer messages including value. It has grown about 1,300% until November. And is one of the top cryptocurrencies to buy in 2022.
8. DOGECOIN
Though Dogecoin was created as a joke initially, it has gained a lot of attention these days. It was created by Jackson Palmar and was initially released in the year 2013. It has become a prominent cryptocurrency option. It has witnessed a spike of about 110,000% increases in 2021. Elon Musk hails Dogecoin as “people’s crypto”.
9. SOLANA
Solana is the fastest blockchain in the world and the fastest-growing ecosystem in Crypto, with over 400 projects. Solana ensures composability between ecosystem projects by maintaining a single global state as the network scales.
10. U.S. DOLLAR COIN`
Like Tether, USD is a stable coin that is backed up by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by ETH and can use USD Coins to complete global transactions. USD Coin is making a big name in the crypto market and is one of the top cryptocurrencies to buy in 2022.
Crypto FAQs
Which is better bitcoin or Ethereum?
Ethereum is believed to be better than bitcoin because of its real world application value.
Does Elon Mask own Bitcoin?
Yes! Elon Musk owns bitcoin himself.
Who founded dogecoin?
Dogecoin was founded by Jackson Palmer.
Will Dodgecoin hit $1?
The cryptocurrency market is highly fluctuating . To reach a valuation of $1 per coin, can be possible when some big announcement comes from big companies in favor of dogecoin.
Conclusion:
So guys we have shared with you the cryptocurrencies that will enjoy a great boom in 2022. Hope you find this read helpful.
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