Which will be the world’s 5 biggest cryptocurrencies by 2022?
Many a times, we all have come across the question that which cryptocurrency is the best to invest? Before we deep dive to find the answer, let us suggest that any digital currency that manages to give you satisfactory returns is the best for you.
In the recent years, crypto has not just emerged as the frontier of alternate financial order but also the perfect solution for those who tend to diversify their money. The rise of crypto has been going hands in hands with blockchain technology, powered by identity management, smart contracts and supply chain.
Witnessing a boom way back in 2017, the crypto market now runs across over 5,000 brands of virtual currencies with varying features. The security of blockchain has played a pivotal role in making an ideal choice for smart investment.
Now that even business across the globe have started accepting cryptocurrency as an authentic form of payment, the time is ripe for you to start investing in the alternate financial order. Hence, we have come up with a guide for you to pick and choose from five cryptocurrencies which are likely to turn out as the most promising ones by 2022.
Created in 2015, Ether is the second largest cryptocurrency with a market capitalisation of over $300 billion. The Ethereum blockchain works on smart contracts that enable decentralized applications like the popular decentralized finance services (DeFi). After Bitcoin, it is the second-largest cryptocurrency in terms of market capitalization. The most widely used blockchain is Ethereum.
Binance Coin (BNB)
Binance Coin was launched in 2017 and in less than four years’ time, it has become the third largest cryptocurrency having a market capitalisation of over $90 billion. Touted as the largest crypto company in the world, it aims at becoming the primary infrastructure service provider for the entire blockchain ecosystem.
Cardano has emerged as one of the most popular cryptocurrencies owing to its flexible network and speedy transactions. The recent spike in the coin’s value follows a recent update that brought the ability to create smart contracts allowing developers to start working on dApps, several crypto platforms, and the DeFi sector.
Based on the popular ‘Doge’ internet meme, Dogecoin turned out to be cheapest cryptocurrency in 2021 and its steadfast popularity is likely to make it one of the biggest in the coming year. Following the GameStop incident and Elon Musk’s tweets, Dogecoin has been on a ride over the past four months, returning more than 8,000 percent so far. The controversial cryptocurrency has surpassed the Rs 50 mark, bringing its market capitalization to an all-time high of $80-billion.
Solana is one of the fastest growing DeFi ecosystems and now has a native cryptocurrency coin that saw its value peak last month. Launched in March 2020, within a short span it has managed to become the 14th largest cryptocurrency with a market capitalization of $11.19 billion.