Which Crypto is Here to Stay? Best Coins to Invest in for 2022
Virtual coins have taken center stage in the last couple of years, but are they worth the hype? Investors wonder whether crypto is here to stay or just a fad. Here is complete details about Ethereum prices.
With so many cryptocurrencies on the market currently, 5,000 more precisely, and many more to be launched, it is normal to be confused about what you will invest in and, more importantly, what will happen with cryptocurrencies in the future. People have witnessed dozens of coins vanishing from the market only in 2022, so obviously, you cannot invest in whatever social media or others say. Before taking the leap, several factors must be considered, including crypto volatility, the potential for adoption, liquidity, and possible uses. At the moment, Bitcoin is the largest existing cryptocurrency, whose recent growth made it superior to many other coins.
Undoubtedly, Bitcoin is the most popular digital currency, which many consider a long-term investment (and we will discuss it in the following), but there are so many options out there.
Find below the most influential and worthy cryptocurrencies in the second half of 2022:
Bitcoin has been here from the very beginning, so it is the oldest cryptocurrency at the moment. Developed in 2009 by Satoshi Nakamoto, BTC is based on blockchain technology; like many other coins, often called altcoins (alternative cryptocurrencies). But is BTC worth the risk? According to the crypto white paper, yes, it is. Bitcoin has managed to be one of the most stable cryptocurrencies and the safest to invest in. Plus, it started to be widely adopted, as numerous companies embraced it as a payment form for their products or services. You can buy everything from insurance and event tickets to video games and watches. Even global giants like Tesla accepted Bitcoin, although Elon Musk now prefers Dogecoin (DOGE). In other words, Bitcoin remains one of the safest long-term investments; resulting in profits of thousands or even millions of dollars.
Although it came out years after Bitcoin, Ethereum is now the world’s largest existing cryptocurrency. But is there any wonder? Ethereum has experienced marvelous development lately, being the first choice among developers who are thrilled to discover its potential. The platform allows creators to build the so-called dApps and deploy smart contracts. Ether (ETH) is the network’s native cryptocurrency, so if you are planning to benefit from Ethereum’s potential; ensure you buy some ethers, as these coins represent the form of payment for the nicknamed “gas fees”.
Moreover, the Merge or the release of Ethereum 2.0 will likely attract more investors. The platform updates from the PoW protocol to a PoS-based consensus, meaning it will consume less energy. This aspect is a plus for many investors and whales; who are believed to buy large amounts of Ether in the following period. Hence, the ETH price is expected to move up.
If you are willing to invest in this crypto, we can only encourage you; but ensure you conduct thorough research before jumping to buy it and check the Ethereum price regularly on the Binance platform to have access to live information. Like other cryptocurrencies, Ether is volatile, so its price is likely to fluctuate up and down; but this should be seen as an advantage.
Even though Tether started in 2016 as realcoin, its distribution happened only in 2015 on the Bitcoin platform. Today, it is one of the most established and successful coins traded and invested in vast amounts. Tether is an investor’s one of the most favored coins because it highly relies on the U.S. dollar and Euro; meaning that its price will likely go in the direction of these currencies. Hence, it is expected to be more consistent since its volatility is not that extreme.
Binance Coin (BNB)
As its name also suggests, BNB is the native coin on Binance, the largest crypto exchange globally. Some of the BNB uses imply trading and paying fees on Binance; but it is expected to be more adopted in the future, especially since it experienced significant growth in 2021. Plus, it can used to process booking travel arrangements; so it is clear that people have started to see its true potential. BNB can also be exchanged for other virtual coins; such as Bitcoin and Ethereum, or traded; so if you have a robust trading strategy in place, you should give it a try.
Binance described this relatively recent crypto as a blockchain that enhances the Base Protocol (an Ethereum-based synthetic asset) to make the system more flexible. Some of the people contributing to its development are the veteran in cryptographic research; Emin Gün Sirer, a computer scientist at Cornell University. Created as Ethereum’s competitor, Avalanche can confirm transactions independently with its three individual blockchains; unlike Ethereum, whose all nodes must confirm a transaction. Thus, Avalanche considered better to carry out large transaction volumes, thousands per second. As for the AVAX coin, the platform’s native cryptocurrency; its forecast to beat out cryptos that have long been on the top. What is next? It remains to be seen.
Founded in 2017, Polygon often nicknamed “Ethereum’s internet of blockchains”; as it created as a solution to some of the burdensome features of Ethereum. Like its competitor, Polygon allows users to develop dApps that function without intermediaries. Moreover, Polygon can process approximately 7,000 transactions per second (TPS), whereas Ethereum can validate about 14 TPS. Polygon also supports Tether stablecoins; which is a lot if we are to mention the popularity of Tether in the present. As for MATIC, Polygon’s native cryptocurrency has a limited supply, which could make it more valuable than you think.
Terra 2.0 (LUNA)
You had probably heard about the famous crash of Terra in early May when the coins burned. Meanwhile, Terra rebranded the original platform as Terra Classic (LUNC) and released Terra 2.0, which is here to stay. Luna 2.0’s primary purpose is to stabilize the Terra ecosystem; and help those who suffered a significant loss in spring regain some of their investment.
These are the best cryptocurrencies to invest in in the second half of this year, according to their market cap.