The cryptocurrency market has grown exponentially in recent years and it looks set to continue growing right now. With so many people investing in cryptocurrency, the field is becoming more competitive by the day. As a result, investors need to think outside the box in order to stand out from the crowd. The best cryptocurrency to invest in in 2022 will be the one with the best service and community behind it, not necessarily the most valuable (although that certainly doesn’t hurt). There are hundreds of cryptocurrencies out there right now, but some of them are still flying under the radar. In this article, I’ll give you my top five picks for which coins to buy in 2022 if you want to see huge returns on your investment. You may not believe me now, but trust me when I say that these coins will be worth their weight in gold by 2022!
Bitcoin
Many crypto traders, investors, and experts believe bitcoin’s current price will increase in value by 2022. If you’re looking for a new investment opportunity in your retirement portfolio, it may be wise to consider an investment in bitcoin. The current average rate of bitcoin is around 31 387.00 USD. If you want information on how to invest in cryptocurrency, investing in bitcoin is probably your best bet for maximum returns over the next five years. When people refer to bitcoin, they usually mean one of two things: 1) The Bitcoin network itself or 2) A unit of currency called a bitcoin. The Bitcoin network refers to a decentralized global network of computers that run special software. These computers verify transactions made with bitcoins and record them in a public ledger known as a blockchain.
Ethereum
People have talked about how bitcoin is a bubble, but they are also a big part of the market value. However, they are unlikely to be scalable enough for everyday transactions. Even though that may be the case, cryptocurrencies continue to prove themselves to people and will most likely be here to stay. Considering current values and how long they’ve been in the market, it seems likely Ethereum will continue to be a force in 2022. We chose Ethereum because other big cryptos have more specific uses and so seem less like pure investment plays. Ethereum has also experienced tremendous growth as the average rate is around 1 909.37 USD.
Tether
I’ve always been a big fan of Tether (USDT), a cryptocurrency token backed by USD. It currently has a market cap of about $7.2 billion, which is small compared with that of other cryptocurrencies. However, it is a stablecoin—a cryptocurrency whose value doesn’t fluctuate much—and it can be a good choice for investors who want to avoid volatility and invest in crypto while still keeping their funds safe. For example, if you have an investment portfolio worth $1 million and you want to put 5% into crypto investments but don’t want your portfolio value to fluctuate too much because of fluctuations in crypto prices, the tether could be a good option for you with a current average rate 0.999 USD
U.S. Dollar Coin (USDC)
The US Dollar Coin is a digital currency that offers instant, free, peer-to-peer transactions. The value of USDC will be kept stable through a special type of investment vehicle commonly referred to as a stable coin. Currently, the average rate of USDC is approx 1.002 USD. One USDC can buy you one dollar worth of goods and services. You can exchange it for other cryptocurrencies or cash out at any time. Because it’s backed by a combination of fiat currencies, it’s safe from dramatic price swings and fluctuations like those seen with other cryptocurrencies. In short, if you want a cryptocurrency that can offer a stable investment over time but isn’t limited to just a few online exchanges like Bitcoin and Ethereum, then U.S. Dollar Coin (USDC) is your best bet for 2022 and beyond!
Binance Coin (BNB)
Binance Coin is a cryptocurrency developed by Binance, one of China’s biggest cryptocurrency exchanges. It was first listed as an ERC-20 token on Ethereum and later moved over to its own blockchain and network. Like other cryptocurrencies, BNB can be used as a medium of exchange and also has applications in different industries. Its initial coin offering (ICO) helped it raise $15 million, which put it among some of 2017’s most successful offerings. However, that wasn’t really surprising since its parent company is a leader among global cryptocurrency trading platforms and hence had built up quite a reputation even before BNB hit exchanges. By early June 2022, BNB’s price had risen to around $300.
