In 2022, the cryptocurrency market has seen numerous ups and downs. There has been a decline in the value of many digital currencies, including Bitcoin (BTC), the world’s largest cryptocurrency.
Which cryptocurrencies should I buy in 2022? you might be asking.
Since its introduction to the financial industry in 2009, cryptocurrency has advanced significantly. Over the last few years, the value of several digital currencies has skyrocketed, and the number of cryptocurrency investors is also rising.
The cryptocurrency market has experienced similar drops in the past, but it always recovered strongly. This has happened as a result of the robust blockchain protocols and the decentralized nature of cryptocurrencies.
Let’s examine the top 5 cryptocurrencies that you can purchase in 2022.
Bitcoin (BTC)
Bitcoin is the first cryptocurrency on our list that may be purchased.
When BTC was first introduced, a lot of people didn’t know what it was. But as time has passed, Bitcoin has advanced significantly, and many individuals now want to own BTC.
Bitcoin has received interest from significant financial organizations thanks to its market valuation of over $450 billion. Over the past few years, the value of this peer-to-peer internet cryptocurrency has greatly increased.
For instance, in November 2021, Bitcoin’s value rose to an all-time high of $70,000.
Global crypto pioneer Carl Runefelt, often known as The Moon, is promoting the widespread use of Bitcoin.
When the dollar and other fiat currencies eventually collapse, he predicts, “We will witness a tremendous cataclysmic monetary calamity because I think that’s going to happen due to inflation.” Bitcoin will then emerge as the answer at that point. Purchasing Bitcoin today is the only place that seems secure, in a way similar to Noah’s ark. When the flood hits, it’s like buying seats for Noah’s ark; you’ll be safe while everyone else is sort of wiped out thanks to the impending printing of trillions, quadrillions, and quintillions of dollars.
As long as BTC is still reasonably priced, you can start investing in it now. In the past, this cryptocurrency has usually appreciated the most following a market downturn.
Battle Infinity
Battle Infinity is the second cryptocurrency on our list of the best ones to buy in 2022.
With the help of the decentralized initiative Battle Infinity, you can use blockchain technology to take part in a variety of play-to-earn (P2E) games. This cryptocurrency’s main offering is a metaverse platform where you may play games and win in-game prizes.
Battle Infinity’s blockchain-based sports fantasy league is the IBAT Premier League, which is a world first. By creating your avatars and traits using smart contract protocols, you can take part in the game.
XRP
The third cryptocurrency on our list to buy in 2022 is XRP, one of the cryptocurrencies with the strongest current growth rates.
The Ripple platform, which strives to offer solutions for companies using blockchain technology, uses XRP as its native token. When processing on a worldwide scale, Ripple offers financial institutions faster, more affordable, and transparent solutions.
Additionally, Ripple can help with transactions involving fiat money, other commodities, and even cryptocurrency. XRP is currently a cost-effective cryptocurrency that is simple to purchase on the cryptocurrency market.
Ethereum (ETH)
The second-largest cryptocurrency in the world by market capitalization, Ethereum, is the fourth one we advise you to purchase in 2022.
ETH was introduced in 2015, and since then, its value has multiplied and withstood the test of time. You should begin amassing ETH as soon as it is inexpensive, which is right now (as of October 2022) when it is accessible for about $1,242.
“I had gained some great profits from my Ethereum holdings for a long time,” Carl writes on his YouTube channel, The Moon. I have held Ethereum for a number of years.
Ethereum has the potential to be a fantastic addition to your cryptocurrency portfolio if the future is predicted to be bright.
Cardano (ADA)
Cardano is the final cryptocurrency we advise you to purchase in 2022. (ADA).
One of the well-known proof-of-stake (PoS) consensus decentralized blockchain platforms is Cardano. To develop multiple decentralized applications and Defi protocols, it uses smart contracts.
Since its debut in 2017, ADA’s returns have increased by more than 2,300%.
As of October 2022, ADA is priced at roughly $0.36 per token and has a market valuation of over $18 billion.
Conclusion
The potential for cryptocurrency to alter global financial markets has been demonstrated.
For daily use instead of fiat or traditional currencies, many people are switching to digital currencies. The cryptocurrencies described above can bring you big earnings in the future, therefore you should purchase them now while they are still accessible.
