Cryptocurrency That You Need To Buy Before 2022
Cryptocurrency has grown in popularity and credibility over the years. It became so popular that the global crypto ownership rate is at 3.9%, which is over 300 million crypto users worldwide. That’s a lot of people. So today I decided to list down 7 cryptocurrency that you need to buy before 2022.
What is cryptocurrency?
Before we start let me give you a quick definition of cryptocurrency (Also some info so I could rank on google). In simple words, cryptocurrency is a virtual currency that is impossible to counterfeit. Many cryptocurrencies are based on a blockchain. Cryptocurrency is theoretically immune to manipulation and government interface.
7 cryptocurrencies that you need to buy before 2022
1. Bitcoin
You’ve probably heard of it, Bitcoin is a decentralized digital currency, bitcoin doesn’t rely on any central bank or administrator instead it relies on peer-to-peer software. This crypto was created by Satoshi Nakamoto and he is also known as the first person to implement the first blockchain.
Bitcoin is currently the most popular cryptocurrency today in the crypto market. Since bitcoin was created as a way for people to send money around the internet, some companies started using bitcoin as a payment method. Since it’s the biggest and most popular cryptocurrency bitcoin has the best growth potential in 2022.
2. Ethereum
Ethereum is the second crypto on my list to buy before 2022. It’s a decentralized open-source blockchain and was conceived by a programmer named Vitalik Buterin. This cryptocurrency is used in a variety of applications like gaming, web browsing, finance, etc.
Ethereum is the second-largest cryptocurrency by volume and investors are expecting it to take over bitcoin in the future. Its smart contract blockchain provides a reliable decentralized ambiance. This crypto will soon be releasing the second version called Ethereum 2.0. This will result in a more efficient service for people who invest in crypto.
3. Solana
Solana is a public blockchain that is known for its high performance and it uses a proof of stake mechanism to verify transactions, manage and generate new coins. With block explorer, stake distribution, and network performance helps in creating seamless apps. Solana is a rising star in the global crypto market.
4. Dogecoin
Thanks to Elon Musk mentioning dogecoin it became the world’s seventh-largest cryptocurrency! Dogecoin is a cryptocurrency that was created by Billy Markus and Jackson Palmer. It was originally created to make fun of cryptocurrency way back in the day when cryptocurrency was a new thing.
Dogecoin has a massive following and they predict that dogecoin will overtake bitcoin in the future.
5. Shiba Inu
Shiba Inu is a decentralized crypto that was created in August 2020. It was created by a group named “Ryoshi”. it has gained 23% in 24 hours in the last week of November. Once again thanks to Elon Musk and his tweets Shiba Inu passed 1 million users with 1 million digital wallets. It is expected to reach US$0.000219 in 2022.
6. Cardano
Cardano is a public blockchain platform and one of the cryptocurrencies that most investors believe will have great potential in 2022. At the time of this writing, Cardano costs $1.30 and has a market cap of $42 billion.
7. Binance Coin
Binance Coin is a cryptocurrency made by Binance, a platform where you can trade different cryptocurrencies. And it’s the world’s biggest cryptocurrency exchange platform. Binance coin is used as a utility token for the Binance exchange and it allows users to pay fees but at a lower rate.
With more than 1,400.000 transactions per second and with a daily volume of 2.0 billion, Binance coin is said to have great potential in 2022.
This article was published in Technoooze.com
