To make the most money in the coming year, you must invest in the right cryptocurrency, such as Bitcoin or Etherium but they are already too much expensive..right??
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| Top 5 cryptocurrencies to watch out in 2022 |
In recent years, crypto investors have begun to profit handsomely from their investments in the cryptocurrency market. Cryptocurrencies have experienced such rapid growth that the cryptocurrency market is now running parallel to the global tech stock market. Thousands of cryptocurrencies are expected to enter the market in 2022, attracting the attention of crypto investors. As a result, crypto investors, particularly beginners, are overwhelmed when it comes to selecting the best cryptocurrencies for big gains. This article will outlines the top top cryptocurrencies to purchase this weekend in order to reap the benefits in 2022.
There are thousands of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making it difficult to get started in the world of crypto. These are the top 5 cryptocurrencies by market capitalization, or the total value of all coins currently in circulation, to help you get your bearings.
1. BITCOIN (BTC)
Bitcoin's value has soared as it has grown in popularity. Five years ago, a Bitcoin could be purchased for around $500. The price of a single Bitcoin was over $57,000 on November 30, 2021. That's an increase of about 11,400%.
Bitcoin's market value is soaring in recent months and it is expected to reach new heights in the coing year with rise in popularity of cryptocurrency. Those who invested hundreds of dollars in Bitcoin in it's start are now millionaires. So you need to think twice before entering the crypto world and try to understand the market.
Here is how you can buy Bitcoin according to Forbes.
2. ETHEREUM (ETH)
With over $557 billion in market capitalization, Ethereum is a favourite crypto coin of programmers because of its potential applications, such as smart contracts that execute automatically when conditions are met and non-fungible tokens. Ethereum is both a cryptocurrency and a blockchain platform (NFTs).
Ethereum has also exploded in popularity. Its value increased by over 42,000 percent in just over five years, from around $11 to over $4,700.
Here is how to buy Ethereum according to Forbes.
3. BINANCE COIN (BNB)
Binance coin has more than $104 billion market capital in Crypto world and Binance Coin is a cryptocurrency that can be used to trade and pay fees on Binance, one of the world's largest cryptocurrency exchanges.
Binance Coin has grown beyond simply facilitating trades on Binance's exchange platform since its launch in 2017. It can now be used for trading, payment processing, and even making travel reservations. It can also be exchanged or traded for other cryptocurrencies like Ethereum or Bitcoin.
It was only $0.10 in 2017; by November 30, 2021, it had risen to over $628, a gain of over 627,000 percent.
Here is how to buy Binance coin according to Forbes.
4. TETHER (USDT)
Tether (USDT) has a market capitalization of over $79 billion dollars.It is a stablecoin, which means it is backed by fiat currencies like the US dollar and the Euro and has a theoretical value equal to one of those denominations. Tether's value is said to be more stable than other cryptocurrencies, which is why investors who are wary of other coins' extreme volatility prefer it.
Here is how to buy Tether according to Forbes.
5. SOLANA (SOL)
Solana has over $64 billion in market capitalization.
Solana is a cryptocurrency that was created to power decentralised finance (DeFi), decentralised apps (DApps), and smart contracts. It uses a hybrid proof-of-stake and proof-of-history mechanism to process transactions quickly and securely. The platform is powered by SOL, Solana's native token.
SOL's price was $0.77 when it first launched in 2020. Its value had risen to nearly $213.42 by November 30, 2021, a gain of more than 26,500 percent.
Here is how to buy Solana according to Forbes.
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