TOP 7 CRYPTOCURRENCIES OF 2022
Good morning dear readers of Tecnogalaxy, today we will talk about the top 7 cryptocurrencies to keep an eye on in 2022.
The cryptocurrency market includes hundreds of cryptocurrencies. If you have never invested in them, you should be very careful being very complicated. This is because choosing one of the many coins requires a lot of attention and study. In recent months, some cryptocurrencies have remained in motion. As a result, there was enthusiasm around them.
However, in November, the market lost about three hundred billion. This is due to the new covid variant that instilled fear in markets around the world. New reports show that the total market value of cryptocurrencies has decreased from 2.68 trillion to 2.39 trillion. This sudden drop occurred among users who feared that the variant in South Africa could result in new restrictions. And thus stopping the world economic recovery, the closure of businesses and the quarantine. The price reduction means a long-awaited withdrawal from investors.
Therefore, if you need an undervalued cryptocurrency, we recommend 7 below:
Bitcoin is still by far the most popular cryptocurrency and its price movement has a strong impact on the rest of the cryptocurrency market. It is considered the original cryptocurrency and its launch in 2009 is what started the entire movement of cryptocurrencies. The popularity of Bitcoin has prompted cryptocurrency investors to realize that Bitcoin is one of the major cryptocurrencies that could reach new highs in 2022.
Ethereum (ETH) is a decentralized software platform that allows you to create and execute smart contracts and decentralized applications (dapp) without downtime, fraud, control or interference from third parties. The goal of Ethereum is to create a decentralized suite of financial products that anyone in the world can access freely, regardless of nationality, ethnicity or faith. Cryptocurrency investors expect Ethereum to take over Bitcoin in the cryptocurrency market in the future.
Binance Coin is the cryptocurrency issued by the Binance exchange and is exchanged for the BNB symbol. The Binance coin initially worked on the Ethereum blockchain with the ERC 20 standard, but to date it has become the native currency of the Binance chain. Binance is compatible with any smart device and allows cryptocurrency investors to start trading safely. It is one of the best cryptocurrencies that should reach new highs in 2022.
Polkadot (DOT) is a unique pos cryptocurrency aimed at providing interoperability between other blockchains. Its protocol is designed to connect blockchain, which allows systems to work together under one roof.
Solana is one of the major cryptocurrencies that could hit new highs in 2022 in the digital portfolios of cryptocurrency investors. This cryptocurrency is known for blockchain effective, fast and censorship-resistant for global adoption. The cryptocurrency price is expected to rise in the long term in 2022 with a promising future. Solana was one of the best in 2021, climbing the charts of the altcoins to become the fifth most valuable cryptocurrency in the world.
Cardano (ADA) is a cryptocurrency “Ouroboros proof-of-stake” created with a research-based approach by engineers, mathematicians and cryptographers. The project was co-founded by Charles Hoskinson, one of the five original founding members of Ethereum. After having some disagreements with the direction that Ethereum was taking, he left and later helped create Cardano.
Tether is a cryptocurrency hosted on the Ethereum blockchain with tokens issued by Tether Limited, itself controlled by the owners of Bitfinex. Tether is known to be a stablecoin without providing that high volatility as the usual cryptocurrency market. Therefore, cryptocurrency investors can buy this cryptocurrency today to make profits without worrying about incurring huge losses.
This is all about cryptos and I remind you that these are just advice and we do not take the blame for any loss, to a forthcoming article.
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