12 cryptocurrencies worth investing in in 2022

Bitcoin (BTC)

Bitcoin is a decentralized digital currency. Originally described in a 2008 white paper by an individual or group of people under the pseudonym Satoshi Nakamoto, it was released shortly thereafter in January 2009. Bitcoin is a peer-to-peer online currency, meaning all transactions take place directly. between equal and independent network participants, without the need for any intermediaries to authorize or facilitate them. Bitcoin was created according to Nakamoto's words so that "online payments are sent directly from One party to another without going through a financial institution.” Some concepts for a similar decentralized electronic currency preceded BTC, but Bitcoin is distinctly the first digital currency to be implemented.

Ethereum (ETH)

If you are curious about the future of Ethereum and are asking yourself if you should buy Ethereum, Ethereum is a blockchain that secures a digital ledger to be built and maintained publicly. It's a community-driven technology. Ether (ETH) cryptocurrency and decentralized applications If you are interested in buying Ethereum, check the Ethereum 2022 price prediction before investing. The so-called blockchain, which manages and tracks currency. It allows developers to create smart contracts and decentralized applications (Dapps) through which users can access different types of transactions. without intermediaries

Tether (USDT)

Tether (USDT) is a popular stablecoin that crypto enthusiasts have been using for years to enhance their cryptocurrency trading. is set to the US dollar and in theory It should not be affected by market volatility, which can greatly affect the valuation of other cryptocurrencies such as Bitcoin, Tether to StablecoinTether. Aims to provide "secure" digital assets that maintain constant value. That is what makes USDC a stablecoin whose value is pegged to the price of USD. The goal is that Tether should always maintain its value as a peg“The idea is that 1 Tether can always be traded for $1 regardless of market conditions,” Steve. Many Worlds Token's chief operating officer, Bumbera, said Tether's stablecoin competitors include USD Coin (USDC), Dai (DAI) and Pax Dollar (USDP), among others. Crypto traders use Tether to provide stable and reliable liquidity to enter and exit. from trading other cryptocurrencies without experiencing unpredictable losses (or profits) from fluctuating price changes. It has a 24-hour trading volume of $89 billion at the time of writing this article, making Tether the most liquid cryptocurrency. Surpasses even the strongest crypto markets Bitcoin (BTC) and Ethereum (ETH).

Binance Coin (BNB)

Binance founder and CEO Changpeng Zhao previously worked as the head of development of Tradebook Futures after 2013. He is actively involved in blockchain and cryptocurrency technology and officially launched Binance in 2013. In addition to Changpeng Zhao, Binance was founded by He-Yi, she is currently chief marketing officer. In 2014, she also co-founded OKCoin, a cryptocurrency exchange. fiat-to-crypto the largest in China at that time Before working with Zhao What is the purpose of Binance Coin? Binance Coin, used to trade and pay fees on Binance's cryptocurrency exchange, aims to bring the digital currency to the forefront of global financial activities. It is also an important part of the successful work of many Binance sub-projects.

USD Coin (USDC)

USD Coin (also known as USDC) is a 1:1 stablecoin tied to the US dollar. All units of this digital currency in circulation are backed by $1, which is backed up in cash and US government bonds. In short, the Center group behind this asset says that USDC is issued by a regulated financial institution. Stablecoin was originally launched on a limited basis in September 2018. Simply put, USD Coin's mantra is “cryptocurrency for the digital era” and stablecoin is designed. Coming for a world where cashless transactions are becoming more commonplace, several use cases for USD Coin have been revealed in addition to providing a safe haven for crypto traders during times of volatility. The makers behind the stablecoin say it could also allow businesses to accept payments in digital assets. and shaking various sectors This includes money and decentralized gaming as a whole. The goal is to create an ecosystem where USDC is accepted by the wallet. As many exchanges, providers and dApps as possible.

Ripple (XRP)

Ripple is a blockchain-based digital payment network and protocol, where XRP is the native cryptocurrency token. Ripple transactions are known for their lower power consumption compared to Bitcoin and faster confirmation times. Ripple works by using a group of bank-owned servers to verify transactions.

Cardano (ADA)

What is Cardano? Cardano is a blockchain platform. Proof-of-Stake (PoS) founded on peer-reviewed research. and developed using evidence-based methods. Cardano's work Cardano is not finished. Instead, the network selects an authenticator based on the number of ADA tokens they have if they are chosen to validate block transactions. They bet how confident they are in verifying transactions when the blockchain verifies the validator block. They win their bets and receive ADA tokens as a reward.

Terra (LUNA)

Terra (LUNA) is a public blockchain protocol born out of Terra Classic. Terra Classic is the home of the Stablecoin algorithm. TerraClassicUSD (UST) is now renamed UST-collateralized LUNC token, disrupting bank operations. In May 2022, this reduced LUNA to near-zero and resulted in the release of a new chain, resulting in Terra Classic and Terra. Read the full details of Terra's crash here, Terra Classic development launched in January. 2018 and the blockchain launched in April 2019 seeks to combine price stability and wide acceptance of fiat currencies with the anti-censorship of Bitcoin (BTC) and offers fast and affordable payments via UST stablecoin . Terra Classic Offers stablecoins tied to US dollar, South Korean won, Mongolian tugrik. The new Terra blockchain continues the legacy of Terra Classic without UST stable. It will continue to build with the help of the LUNA community known as “LUNAtics” and develop a world-class UX and UI. That puts Terra Classic in second place in Total Value Lock (TVL). At its peak, many DApps agreed to migrate to Terra for further use.

Binance USD (BUSD)

Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (together with Paxos), approved and regulated by the New York State Department of Financial Services (NYDFS). Monthly BUSD exam can be obtained from the official website. Launched on September 5, 2019, BUSD aims to fuse the stability of the dollar with blockchain technology. It is a cryptocurrency issued by ERC-20 and supports BEP-2.

Solana (SOL)

Solana is a decentralized blockchain developed to enable scalable and easy to use applications, it can process large amounts of transactions per second. It has lower fees compared to other blockchains and uses a more consistent approach. Proof-of-Stake (PoS) and Proof-of-History (PoH). By working with Solana, Solana operates on a decentralized computer network using a blockchain-based digital ledger. This is a database that manages and tracks currencies and records every transaction made in it.

Dogecoin (DOGE)

Dogecoin is a fork of the Litecoin blockchain created in December 2013, featuring Shiba Inu's doge internet meme as a logo and created with fun and light intentions to appeal to a wider audience than the main digital asset audience in As a fork of Litecoin, the Doge network has inherited many similar features, such as the proof of working of a mining mechanism called Scrypt, meaning it can be mined in conjunction with Litecoin. Mined blocks will have a new DOGE coming into circulation for perpetuity, although Dogecoin is used as a But Dogecoin quickly developed its own online community.

Avalanche (AVAX)

Avalanche is a first-class blockchain that serves as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum's competitors, aiming to divest Ethereum as the most popular blockchain for smart contracts. It aims to do so with higher transaction results of up to 6,500 transactions per second. without affecting the ability to scale

This is made possible thanks to Avalanche's unique architecture. The Avalanche network consists of three blockchains: X-Chain, C-Chain, and P-Chain, each serving a different purpose. This is completely different from the approach used by Bitcoin and Ethereum.

Summarize

Investment involves risks, investors should understand and study investments. Due to the high volatility of the cryptocurrency market Therefore, we would like to recommend investment and good preparation as follows.

Have a trading plan, a good trading plan should cover your overall investment objectives. Cryptocurrencies you want to trade and market conditions for trading such currencies.

Managing risk is an important tip that every investor should accept. Even if you are confident in the position you open.

Diversification is a prominent method of controlling market risk.

Think long term, many new crypto traders want to make it big quickly. Many people create unrealistic expectations. Hoping to be lucky enough to make millions in a few months. It is impossible not to make quick money from the market. And having a long-term plan can help you stay positive.

Don't buy just because the price is low.

Do your research, the importance of research cannot be overemphasized. Proper research will provide you with a clear direction in executing your trading plan.