Having a good understanding of the cryptocurrency market can be vital to your financial future. With so many different cryptocurrencies to choose from, it can be hard to decide which ones will thrive and which ones will flop; even experienced investors have difficulty with this decision! To help you out, we’ve compiled our top five picks for the best cryptocurrencies to buy in 2022, based on their current stats and potential future use cases. Keep reading to find out more!
1) Bitcoin (BTC)
The original cryptocurrency, Bitcoin is currently a solid option for users looking to get into cryptocurrency without having to worry about learning too much. Unlike some other popular options, Bitcoin is easy to buy and hold onto. But that doesn’t mean it’s not worth investing in; experts expect its value will rise as more people get involved with cryptocurrencies. Just be aware of some of Bitcoin’s drawbacks: slow transaction times and high processing fees can lead to frustrations when you try to use it as a form of payment.
2) Ethereum (ETH)
ETH is one of, if not THE most popular cryptocurrency on earth. It has a large developer community that’s constantly innovating and testing new applications on top of its platform. While many believe that ETH isn’t ready for mass adoption or enterprise use just yet, it’s certainly at the forefront of blockchain innovation right now. There’s no question about it: Ethereum is the future. The price may be volatile today (just like any cryptocurrency), but I don’t see anything other than continued growth in its value over time. That could mean strong returns for investors, both short-term and long-term; consider buying some today if you have extra cash!
3) Litecoin (LTC)
Litecoin is a cryptocurrency that enables instant payments to anyone in the world and that can be efficiently mined with consumer-grade hardware. Litecoin is an open-source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin now ranks fourth in market cap.
4) Ripple (XRP)
With a price tag of $0.26 as of January 31, 2017, Ripple is still one of 2017’s best-performing cryptocurrencies. The digital currency has already gone up about 3500% since January 1st, and it doesn’t seem likely that growth will slow down anytime soon. In fact, many experts predict that Ripple will easily be a top-three cryptocurrency by 2022. Even though there are plenty of questions surrounding how banks and other large financial institutions will integrate blockchain technology into their infrastructure—Ripple positions itself as a payment platform for banks—the team at Ripple has made significant progress towards reaching its goal so far.
5) Cardano (ADA)
Cardano is a young project that’s part of an ambitious effort to create a more user-friendly and scalable blockchain. The platform has it's own unique (and very cool) proof-of-stake algorithm called Ouroboros, which should enable faster transaction times. Cardano also boasts a strong developer community and a nice set of features, which make it easy for businesses to build apps on top of it. It’s one of those crypto projects that doesn’t necessarily cater toward speculators and day traders—but if you’re interested in supporting cryptocurrencies that have more immediate use cases, then Cardano could be an interesting choice.
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