Looking to invest in cryptocurrencies for the long haul? Here are our top picks for which coins to keep an eye on in 2022.
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Bitcoin
Bitcoin is the king of digital currencies, at least for the time being. It has been around for almost a decade now, and its popularity only seems to grow with each passing year. Despite some early setbacks, Bitcoin has proven to be incredibly resilient, and it has cemented its place as the most well-known and valuable cryptocurrency in the world. If you’re thinking about investing in cryptocurrencies, then Bitcoin should definitely be at the top of your list.
Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ether, the native cryptocurrency of Ethereum, is the second-largest digital currency by market capitalization, after Bitcoin.
Investing in Ethereum is a good idea for several reasons:
-The price of Ether has grown rapidly in recent years
-Ethereum is more than just a cryptocurrency, it’s a platform with many uses
-Ethereum is well established and has a large community
-Ethereum’s technology is superior to other cryptocurrencies
Litecoin
One of the major issues that has been holding Bitcoin back is slow transaction speeds. This is due to the fact that the Bitcoin network is overloaded. Litecoin was created in 2011 to address this issue. It is very similar to Bitcoin but with faster transaction speeds. It also has a larger supply of coins which should help to keep prices stable. Ethereum is another popular cryptocurrency that is similar to Litecoin but with even faster transaction speeds.
Bitcoin Cash
Bitcoin Cash (BCH) is a fork of Bitcoin that was created in August 2017. Since its inception, Bitcoin Cash has been one of the top performing cryptocurrencies. In 2020, BCH price surged by more than 400% and reached an all-time high of $4,355.5 in December.
Bitcoin Cash has a lot of potentials in the long term. First, it has a larger block size than Bitcoin, which means that it can process more transactions per second. Second, it has low fees, which makes it suitable for small payments. Third, it is backed by major exchanges and wallets such as Coinbase, Binance, and Trezor.
Fourth, Bitcoin Cash is gaining traction as a payment system. For example, BitPay, the largest Bitcoin payment processor, added support for BCH in 2018. In 2020, BitPay processed over $1 billion in BCH payments. Fifth, major corporations are starting to use Bitcoin Cash as a payment system. For example, Microsoft allows users to buy Xbox games and apps with BCH.
Investing in Bitcoin Cash is a good long-term investment because its price is expected to continue to grow as more businesses and individuals start using it as a payment system
Ripple
Ripple is a digital payment network for financial institutions that allows for fast, secure, and low-cost transactions. It is one of the most popular cryptocurrencies and is predicted to continue to grow in popularity.
Polkadot
Polkadot (DOT) is a decentralized cryptocurrency that is used to trade or invest in other cryptocurrencies. Polkadot was created by Gavin Wood, who also co-founded the Ethereum blockchain. DOT tokens are used to trade or invest in other cryptocurrencies on the Polkadot network. The Polkadot network is made up of many different parachains, which are like mini blockchains that can be used to trade or invest in different cryptocurrencies. DOT tokens can be used to trade or invest in any of the parachains on the Polkadot network.
Cardano
Cardano looks to be a very solid project and has a very ambitious roadmap. The team seems to be very competent and is constantly delivering on their promises. The project is very well thought out and is addressing many of the problems that other projects are facing. They are also one of the few projects that is backed by a major corporation (Input-Output Global). I believe that Cardano has a very good chance of becoming one of the top 5 cryptocurrencies by market cap within the next two years.
Binance Coin
Binance Coin (BNB) is the native cryptocurrency of the Binance Chain blockchain platform. Binance Coin was originally issued as an ERC-20 token on the Ethereum blockchain with a total supply of 200 million. The token was later migrated to Binance Chain. as a BEP2 token. There are now 176 million BNB in existence.
Binance Coin can be used to pay for transaction fees and other charges on the Binance platform. Holders of BNB also receive discounts on trading fees when using the token to pay for them. In addition, Binance uses 20% of its quarterly profits to buyback and destroy BNB tokens in order to reduce the total supply.
Binance Coin had a strong year in 2020, more than doubling in price from $15 to over $30 by December. The cryptocurrency is currently trading at around $40, giving it a market capitalization of over $6 billion.
So far in 2021, Binance Coin has continued to outperform the wider cryptocurrency market, rising around 50% while Bitcoin is up around 30%. Analysts believe that BNB’s strong performance is due to growing interest in decentralized finance (DeFi) and staking platforms, as well as continued confidence in the Binance exchange and its associated ecosystem.
Looking ahead, 2022 could be another strong year for Binance Coin given the positive fundamentals underpinning the project. With this in mind, BNB could be a good cryptocurrency to invest in for 2022.”
Stellar
There are many different factors that you need to consider when deciding which cryptocurrencies to invest in for the long term. Some of the most important factors include the project’s roadmap, the team behind the project, the use case of the token, and the token’s liquidity.
One of the most promising projects in the cryptocurrency space is Stellar (XLM). Stellar is a decentralized protocol that allows for fast and inexpensive cross-border payments. The team behind Stellar has a strong track record, and the project has an impressive roadmap. Additionally, the XLM token has a strong use case and is highlyliquid. For these reasons, we believe that Stellar is a good long-term investment.
Chainlink
Chainlink is a decentralized oracle network that connects blockchain-based smart contracts to real-world data providers. It’s one of the most popular projects in the blockchain space and has been backed by big names like Google, Oracle, and SWIFT.
Despite the bearish market in 2018, Chainlink managed to remain one of the top-performing cryptocurrencies, delivering over 3500% returns to investors. And it looks like the good times are set to continue in 2019 as the project is gaining more mainstream adoption.
With its price currently sitting at around $2.50, there’s still plenty of upside potential for Chainlink, making it one of the best cryptos to invest in for 2019 and beyond.
