Most profitable cryptocurrencies IN 2022

As the stock market saying goes, "past returns do not guarantee future returns." And we have realized with the huge drop that we have had at the beginning of this year, from which, it seems, the market is recovering. In this Finect Live we reviewed with great experts these falls and what is expected in the future.

The evolution of a virtual currency is a good indication of its potential, but that does not mean that it is the best cryptocurrency to invest in 2022 . The price of virtual currencies , with falls of more than 50% on many occasions, is a good example. Is this an indication that we must flee in a hurry from the sector? Not much less, just that the price was too inflated.

Which cryptocurrencies are doing the best in 2022? As usual, it is still too early to talk about the most profitable cryptocurrencies of this year, especially with the fall that we have had during these first weeks of the year. Some of the most profitable last year were:

1. ETHER

Ethereum has outperformed the other big crypto, Bitcoin, during the year 2021. While Bitcoin grew by 67%, Ether (ETH) marked a rise of 502% , ranking as the megacoin that grew the most.

Behind the Ethereum network is the Smart Contracts project that has received several nods for its usability in different applications of companies that are already starting to work in decentralized finance and in the world of the metaverse.

2. CARDANO

Located among the first positions, Cardano (ADA) went from being worth a few cents to being worth over 1 euro. This represents a growth of 670%. Based on Smart Contracts, but betting on greater scalability, the ADA token is a strong competition to Ethereum and its ecosystem.

3. TERRA

It was a complete unknown at the beginning of the year and has ended up being a true protagonist by marking more than 10,000% growth last year . Terra (LUNA) focuses its project on the creation of decentralized finance applications on a very high-speed blockchain to generate a high correlation between stablecoins from the crypto world with fiat currencies from around the world.

4. SOLANA

It is another Smart Contracts project that competes closely with Ethereum by raising the possibility of handling up to 50,000 transactions per second. This would increase the speed with which transactions could be made in the world of decentralized finance. With a brutal growth of 10,942% Solana (SOL) achieved a record year and aims to be a cryptocurrency development company to watch due to the great projection of its projects.

5. DOGECOIN

The “puppy” has done it! Dodgecoin (DOGE) achieved a growth of 3,000% driven, among others, by Elon Musk. The "Meme Coins" or "Meme Coins" do not have great projects behind them, in many cases they do not have any, but they are very attractive to small investors looking to speculate in the cryptocurrency market due to their low value. So beware of this type of cryptos in 2022.

How to buy cryptocurrencies

There are mainly two ways to invest in cryptocurrencies: buy cryptocurrencies or mine them. The first option is the most common and also the most accessible.

Buying a digital currency is not that different from investing in commodities, for example. What changes is the platform through which it is done. And it is that to invest in cryptocurrency development services in 2022 there are specialized platforms, called exchanges . On these platforms you can buy cryptos in a super simple way, and even save them. But, hey! Because this is not the same as having a cryptocurrency wallet.

There are several types of cryptocurrency wallets, depending on their performance and security:

Hot wallet: 100% online wallets, which can be applications or can even be installed as browser extensions.

Cold wallet: physical wallets (hardware) whose common premise is that they work without an internet connection and are physical devices, which makes them the safest option.

Where to invest in cryptocurrencies

Which exchange to choose? On which platforms can I buy cryptocurrencies? It will depend first of all on the digital currency you want to buy, since not all exchange platforms accept all cryptocurrencies on the market. Taking that into account, this is a list of the most popular exchanges.

List of best cryptocurrency exchanges

Coinbase

bitpanda

Binance

Bit2Me

Crypto.com

Mine cryptocurrencies

Investing in cryptocurrencies using exchanges and wallets is a way to earn money with cryptocurrencies. The second way is cryptocurrency mining. How to mine cryptocurrencies? Basically, mining cryptocurrencies consists of solving complex mathematical problems, in exchange for receiving a reward. And this is essential for the Blockchain and the crypto ecosystem to work.