There are thousands of cryptocurrencies out there, and when you enter the crypto world, it becomes an overwhelming task to decide which one you should choose.
Here we are going to share the top 10 crypto to watch in 2022. No doubt the crypto does not remain the same, and it keeps changing continuously. Therefore it is most important to keep yourself updated and research the market because this will provide you with more opportunities for crypto trading.
More than 12,000 cryptocurrencies are circulating throughout the world, and they are becoming more popular with time.
Let’s continue to dig in to know the top 10 cryptos to watch in 2022.
What Is Crypto?
A digital currency in which a decentralized system verifies and maintains the record using cryptography and centralized authority doesn’t have any role is known as cryptocurrency.
Top 10 Crypto To Watch In 2022:
The following are the ten cryptocurrencies to watch in 2022.
Bitcoin
Bitcoin is a fundamental cryptocurrency that Satoshi Nakamoto created in 2009. It runs on a ledger logging transactions or Blockchain that is widely scattered throughout thousands of computer networks.
Bitcoin is protected from scammers by the proof of work process in which ledgers are verified by resolving a cryptographic puzzle.
You can observe a bitcoin price hike from the fact that in 2016 the price of one Bitcoin was $500, whereas, in 2021, the price skyrocketed to $60.000 per Bitcoin.
Binance USD (BUSD)
Binance USD is a US-backed cryptocurrency that is considered a stablecoin. Like other stablecoins, BUSD allows crypto users and traders to join in transactions with various other crypto benefits while simultaneously reducing the instability risks.
Ethereum (ETH)
After Bitcoin, Ethereum is the second biggest cryptocurrency by market cap. Ethereum can run many applications, such as the universe of decentralized finance (or Defi) apps and services, as it is a dispersed computing platform.
It is not only cryptocurrency; it is also a platform of Blockchain. Therefore, it is ideal for program developers.
Ethereum is also growing continuously, as witnessed by its price hike from 2016 to 2022 by 13,965%. In 2016 it was only $11, and in 2022 it is up to $1,547 showing positive results.
Binance Coin (BNB)
Among the top ten cryptos in 2022 is Binance coin, which is widely used for trading fees and transactions on the world’s biggest cryptocurrency exchange, Binance.
Binance coin was created in 2017, and at that time, it only facilitated trades on the Binance exchange platforms. You can interchange or trade the Binance currency for various other kinds of cryptocurrencies, such as bitcoin and Ethereum.
But now, it is used for multiple purposes, such as booking travel, payment clarification, and trading.
You can see the Binance coin growth as well from 2017 to 2022. The BNB in 217 was $0.10; now, in 2022, its price has risen to $382. This shows a 382,065% growth in BNB.
Tether (USDT)
Like many other cryptocurrencies, Tether is a stablecoin; therefore, it is financed by the euro and u.s dollars, which are the fiat currencies. And thus keeps benefits equal to any one of the denominations.
The most stable currency is Tether; therefore, it is highly favored by many investors because they understand the high variability.
Tether Limited Inc. launched Tether in 2014, which also possesses Bitfinex cryptocurrency exchange.
U.S. Dollar Coin (USDC)
Behind the U.S. dollar coin is the center consortium. This is also a stablecoin, created in 2018 on a limited basis based on the Coinbase and circle. Also, it is backed by U.S. dollars, USDC keeps an amount of official currency equal to the USD coin amount in circulation.
Ethereum fuels this stablecoin; thus, USDC can be accustomed to complete global international transactions. In September 2022, it was ranked fourth in market cap.
XRP
Among the top 10 cryptos in 2022 is XRP, launched by a few Ripple founders, a payment processing company.
Thus, you can use XRP, the cryptocurrency on that network, to simplify the exchange of various cryptocurrencies, such as fiat currencies and other well-known cryptocurrencies.
It was created for people to send money internationally efficiently and affordably. You can send XRP from one wallet to another only in a few cents and hardly in a few seconds.
Cardano (ADA)
Cardano is the decentralized general Blockchain and a project of cryptocurrency which is of an entirely open origin. Cardano functions similarly to Ethereum to stabilize the decentralized applications and smart contracts powered by its native coin, ADA.
The growth of Cardano from 2017 to 2022 is the most unassuming compared to other cryptocurrencies. The ADA cost in 2017 was $0.02, and in 2022 it raised to $0.41, which shows a growth of 1952%.
Solana (SOL)
Solana has a native cryptocurrency, SOL, and is a public blockchain platform with intelligent agreement performance. It runs on a proof of history and explanation of stake to operate transactions securely and instantly.
It is developed to assist in powering decentralized apps, decentralized finance uses, and smart contracts. Solana was initiated in 2020, and at that time, its price was $0.77, and in November 2022, the cost of Solana reached $30.56, which shows a rise of 3,869%.
Dogecoin (DOGE)
Initially, dogecoin was initiated in 2013 as a joke, but fortunately, it got a prominent position in cryptocurrency. The price of dogecoin in 2017 was $0.0002; in 2022, the price increased and reached $0.11, thus increasing 54,051%.
The Final Thoughts:
In this article, we shared the top 10 cryptos to watch in 2022 that you can look at. But before finalizing any crypto to invest in, conduct in-depth research because the crypto world is highly unpredictable.
