Cryptocurrency is becoming increasingly popular. Investors are showing great interest in this digital currency. Several countries have already recognized cryptocurrency as a legal digital currency. Again, some countries have declared crypto illegal.
Countries like China, Bangladesh, Russia, Egypt, Morocco, Nigeria, Qatar, Turkey have already banned cryptocurrency. However, India has not yet banned crypto but has not given legal recognition. However, the market capitalization of crypto has already increased from billions to trillions of US dollars.
There are different types of cryptocurrencies on the market. Again there are different categories of cryptocurrencies. Based on performance and market cap, Polygon, Ethereum, Classic, Dogecoin have responded to the crypto world. Bitcoin has also given great returns in the fiscal year 2020-21. Here are some of the best cryptocurrencies to invest in in 2022.
Bitcoin
This is the first cryptocurrency that started the crypto movement around the world. Bitcoin is several times more popular than other cryptocurrencies due to its low processing fees, worldwide transactions and very fast peer-to-peer transactions. According to statistics, the price of Bitcoin has risen by 52% in the last one year. Which is a record in the crypto world. At the end of 2020, a bitcoin was traded at 20,000. At the beginning of 2021, it will reach 32 thousand dollars. And at the end of the year it stands at 60 thousand dollars. However, the world of crypto is full of ups and downs. So it is foolish to go ahead and evaluate the future value or profit loss of Bitcoin.
Etherium
Etherium is a smart, decentralized, open source crypto. As a result, Ethereum trades faster than Bitcoin. The coin was created by Russian programmer Vitalik Buterin. It was first released in 2015. Ethereum is the second most popular and used cryptocurrency after Bitcoin. Its current market value is around হাজার 3,600. Experts predict that the potential for etherium will increase in the coming days. Not only that, but according to many, Bitcoin can be left behind by Ethereum.
Binance
Binance Coin Binance Coin is considered to be the most traded cryptocurrency in daily business. Many trading platforms accept Binans coins. It is used as a token to pay fees. From 2016 to 2021, the market price of Binance Coin has changed drastically. Its price has been going up since it came in the market. Experts predict that this trend will continue in the coming years.
Tether
Tether is slightly different from other cryptocurrencies. It is stable. Unlike other cryptocurrencies, its price does not fluctuate. Currently, this crypto is famous as the third most expensive cryptocurrency in the world.
Solana
Solana is also called Ethereum Killer. It creates a decentralized app for digital transactions. In 2021, its price has increased by 10,118 percent. At the moment its price in India is 15 thousand 530 rupees.
Cardano’s
Cardano’s popularity is on the rise due to its flexible network and fast transactions. The transaction fee for this decentralized coin is much lower. Cardano has received a good response in the blockchain market thanks to the smart contract project. This cryptocurrency is famous for its low energy level usage. Its current price is around ৪ 1.4. Needless to say, the value of this cryptocurrency will increase further in the future!
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