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The best cryptocurrencies in 2022

By Dr.Dang May 26, 2022, 3:47 p.m.
The best cryptocurrencies in 2022

Cryptocurrency is without doubt the future of finance. As of now, there are already hundreds of crypto in operation. So we've decided to look at some different cryptocurrencies which include Bitcoin, Ethereum, Dogecoin, Tether etc which would be discussed in this article. Without much ado, here are the best cryptocurrencies you need to know based on their market capitalization.

The Best Crypto in 2022

Bitcoin (BTC)
Market capi : $548 billion

In 2009, Satoshi Nakamoto established Bitcoin. It's the world's first decentralized cryptocurrency. BTC runs on a block chain or  ledger logging transactions distributed across  network of many computers. This distributed ledgers must be verified by solving  cryptoghraphic puzzle. Bitcoin is arguably the best because it's relatively kept safe from fraudsters. BTC has the highest market capitilization as we speak.

Ethereum (ETH).
Market cap : $ 236 billion

Ethereum is mostly favorite for program developers. This is due to its potential applications like smart contract functionality. Ethereum is both a cryptocurrency and a blockchain platform. Its price increased from about $11 to over $2000. It's the second in market capitilization

Tether (USDT)
Market cap : $82 billion
Tether is  stablecoin which means it's backed by fiat currencies like US dollar and  Euro. It's assumed to keep a value equal to one of world's denominations. Tether's value is favoured by investors who are cautious of the extreme changeability of other coins.

U.S Dollar Coin ( USDC)
Market cap : $49 billion
USDC coin is a stablecoin which means that it's backed by US dollars. The ratio of 1 USD to 1USDC is 1:1.  USD coin can be used in completion of global transactions.

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Binance Coin ( BNB)
Market cap : $44billion
Binance coin can be used to trade and pay fees on Binance, one of the largest crypto exchanges in the world. BNB expanded hence promoting trades on Binance's exchange platform. It is also used in booking travel arrangements. BNB increased in price from $0.10 to $279

XRP
Market cap : 18 billion
XRP can be used on a digital Technology and payment processing company to promote exchanges of different currency types that include fiat currencies and other major cryptocurrencies. XRP increased in price from $0.006 to $0.39

Binance USD ( BUSD)
Market cap : 17 billion
BUSD is a stablecoin which was founded by Packs and Binance. It is backed up by US dollar. BUSD gives traders and crypto users ability to engage in transactions with other crypto assets.

Cardano ( ADA)
Market cap : $16 billion
Cardano is noticeable for its early embrace of proof-of-stake validation. This method speeds up transaction time,decreases energy usage and environmental impact by eliminating competitive, problem- solving aspect of transaction verification present in platforms like Bitcoin. It also enable smart contracts and decentralized Applications.

Solana ( SOL)
Market cap : $15 billion
SOL was developed to aid  power decentralized finance uses, decentralized Apps and smart contracts. Solana runs on a unique hybrid proof-of-stake and proof-of- history mechanisms. It helps process transactions securely and quickly. Solana price increased from $0.77 to $48.70

Dogecoin ( DOGE)
Market cap : 10.5 billion
In 2013,Dogecoin was established and it rapidly evolved into a noticeable cryptocurrency. There is no limit on the number of Dogecoin that can be created and this helped in supply increase.




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