Phoebe Chebet

5 Best Cryptocurrency To Invest In 2022 According to EarthWeb, 300 million people use cryptocurrency as the market grows. While there are many different currencies to choose from, not all are created equal in currencies, pricing, and withdrawal. This blog post will look at some of the best cryptocurrencies out there and explain why they might be worth investing in. Bitcoin The market cap of Bitcoin is over $882 billion. That's over 435 billion more than the second most valuable coin, Ethereum. And that's before we even get to Ripple and the other altcoins. Bitcoin is familiar to many people. According to Bitcoin Market Journal, 600k- 1 million, users transact with bitcoin daily - it was the first cryptocurrency created in 2009 by Satoshi Nakamoto. The name itself has become synonymous with cryptocurrencies because of its popularity and longevity. Bitcoin uses blockchain technology to record its transactions on a public ledger. Everyone has access to the public ledger on which Bitcoin transactions are recorded, but it is very difficult to determine who someone is because their identity would be anonymized. Which means it's safe and secure. The price of Bitcoin has skyrocketed since 2016, about $500, and as of Jan 11, 2022, the price was at $47,000. Ethereum The market cap of Ethereum is over $372 billion, and the coin is worth about $3126 as of Jan 11, 2022. It makes the second biggest cryptocurrency in the world by market cap. Ethereum has gone from strength to strength over 2018, starting at less than $10 per coin, and as of Jan 11, 2022, it's trading at $35000. The growth of Ethereum has been astonishing; however, it isn't surprising given the technology behind it and its real-world uses. Ethereum is a decentralized platform that runs smart contracts: applications that run as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom-built blockchain, an enormously powerful shared global infrastructure that can move value around and represent property ownership. Binance Coin(BNC) The market cap of Binance is over $86 billion. It is mostly used for their future ICO tokens. Binance Coin is the first-ever cryptocurrency exchange; over 400 coins are offered. Binance has decentralized its exchanges and does not hold customers' funds; instead, the funds are held in the personal wallets of traders. It has also expanded since its inception in 2017, and it has expanded its use from facilitating trading to booking travel and payment processing. Its price in 2017 was $0.10; as of Jan 11, 2022, it's $520. Solana(SOL) The market cap of Solana is over $52 billion; Solana is a high-throughput blockchain project. It can process more than 710,000 transactions per second (TPS). It is the world's first high-performance ICO platform. The team members have a lot of experience designing and implementing large-scale distributed systems in mobile product teams at Qualcomm and Google. Since its inception, it was $0.77; by Jan 11, 2022, it was $171. Tether(USTD) Tether's market cap is 78 billion dollars and its trading volume in 24 hours is around 1.5 billion dollars, making it the 4th currency by market cap in the world. Tether(USTD) is pegged to the US dollar, but unlike other cryptocurrencies, tether doesn't use blockchain technology for transactions. Instead, USTD uses centralized servers that track all transactions and total supply. It has a huge advantage in speed because every transaction in the Tether network is executed immediately without miners involved. The transaction time is around 1 second compared to 10 minutes for Bitcoin. How Many Cryptocurrencies are there? According to the website Crypto Market Cap, there are 5000 cryptocurrencies in existence so far. It's important to remember that some cryptocurrencies are forks of others, so while there are so many currencies, there might only be a few thousand different pieces of software represented here. My Take While bitcoin is certainly one of the most popular and recognized forms of cryptocurrency, that doesn't mean you should only invest in it. If you're looking for higher potential earnings with lower risks involved, there are plenty of other opportunities - take Ethereum or Binance coin as two examples. Don't get left behind by your competition; stay ahead of trends by investing where others don't dare venture