Best Cryptocurrencies to invest in 2022: Rising Very Quickly

Do you want to diversify your portfolio by making investments other than a typical basket of stocks, bonds, and shares? Investing in cryptocurrency is considered to be a smart move as the industry is growing very quickly over the past few years. Despite valuing goes ups and downs in the market; many people prefer to invest in digital assets as it is a long and stable form of currency.

According to Chris Kline, COO, and co-founder at Bitcoin IRA, there is a high rise in investing in digital coins specifically in retirement portfolios. Investing in digital assets is likely to be expected to grow in the forthcoming and long-term future.

If you are a first-time investor or want to invest in cryptocurrency this article will help you or give you a rough idea about the digital tokens.

Top 5 Cryptocurrencies that you can consider for investment

Bitcoin

Bitcoin is one of the best cryptocurrencies to invest in 2022 as it has been a volatile and stable digital coin for the past few years. It is recommended that you must go through the performance of the digital assets over the past few years as it helps you in taking the right decisions.

The dipping and the rising rates will give you a clear picture of the massive cryptocurrency market. It is indeed a fact that digital assets can not be influenced by monetary policies thus investors consider investing in bitcoin to diversify their portfolios.

Reasons to Invest in Bitcoin

Appreciating Value

The value of bitcoin is growing over the past few years. According to Statista the below mentioned figure is clearly showing that from 2013 to Nov 2021 the value of Bitcoin has increased at a steady rate.

Continuous To Grow

Investors are purchasing Bitcoins and it is believed that digital assets will likely grow in the forthcoming future as it is considered one of the best coins to invest in n 2022.

No Tracking

Have you invested in bitcoins and have your own wallet? The best part of bitcoin is that no one can track your details such as the number of bitcoins, transaction time etc.

Ethereum

Ethereum is a decentralized and open-source blockchain which is said to be the second-largest cryptocurrency in the world. Additionally, because it can be programmed, it offers a broad array of applications, gaming, and financial services that are built on a sensor-free internet.

Reasons to invest in Ethereum

Ethereum has a tremendous price potential

The price of Ethereum right now is roughly $1,660.94. Although this might sound excessive, there is still a substantial amount of room for Ethereum's price to rise. Ethereum could achieve $10,000 or more if the rising use of Ethereum for launching tokens is any indication.

Ethereum is secure

Due to its lengthy UTXO, Ethereum ranks among the most secure blockchains available. To attempt to satisfactorily compromise it would be economically futile. One of the main elements that makes Ethereum a desirable investment, both today and in the future, is its security.

Shiba Inu

Shiba Inu is a meme coin and one of the best cryptocurrencies to buy in 2022 as it has gained lots of popularity since its launch in 2020.It is fact that Shiba Inu has performed well in the last 2 years and listed among the top 20 cryptocurrency in the market cap. People who have invested just $2 in SHIB in January 2021 became a millionaire by November as they have rallied by over 48,000,000%.

The best part is that Shiba Inu builds a strong community that is packed up with advanced features and security.

Reasons to Invest in Shiba Inu

Support From Known Personalities

Shiba Inu is receiving a lot of support from celebrities on social media and this is the major reasons that many people are investing in Shiba Inu. This meme coin doesn't require any type of technological upgrade in comparison to other digital assets.

Market Capitalization

Market capitalization is a great way to determine how a particular digital coin is performing in a market. An asset that has a large market cap showing stability and this is the reason behind that the investor prefers trading in digital assets

Binance

One of the greatest cryptocurrencies currently available is Binance Coin. In only a few years, it has developed into the third largest cryptocurrencies in the world. It surpassed the $100 billion market valuation in May 2021. There has been no sign of a slowdown since then.

Reasons to Invest in Binance

Coins are easy to store

The Binance exchange, one of the safest in the cryptocurrency industry, is where you may store the coin. Additionally, Binance coins may be kept in the Trust Wallet created by Binance. This wallet gives you total control over your private keys and is very secure.

A generous Discount

The Binance tokens have minimal trading fees along with an option to make payments at a discount. Tokens also provide discounts when making purchases on the financial markets. Here, the commission for each trader is 0.1 percent, which is a tiny percentage.

Cardano

Cardano is a decentralized blockchain that operates by using proof-of-stake (POS) consensus thus making it one of the best cryptocurrencies to invest in 2022. Cardano is a digital asset that holds good position in the market in a short span of time. What's more interesting about Cardano that the digital token has reduced the time and energy consumption by implementing electronic fund transactions.

Growing Since its Establishment

Volatility is one of the major factors of digital currencies as it helps you in taking decisions whether to invest or not. However, Cardano has a high volatile rate because it is growing slowly but steadily since its inception.

High Market Capitilization

One of the best reasons to invest in Cardano is has a high market capitalization stands at $17,275 billion as on 5th August 2022. The high market capitiliazation is a indication that the coin is liquid enough.

Conclusion

When deciding which cryptocurrency is the best investment for you, you can take your decision on few fundamental factors such as transaction fee, market capitalization etc.. For instance, how quickly transactions are completed, the associated fees, if you can make regular bank transfers via your cryptocurrency, etc. These factors will help you in identifying the best cryptocurrency for you.