Top 10 Cryptocurrency with a Brighter Future than Bitcoin

Investing small sums in cryptocurrencies can yield large returns if you get in at the right time and make the right choice, but this is not an easy task due to the risks involved.

This necessitates that crypto investors consider all of their options before making a crypto-investment decision. Having said that, what is the best cryptocurrency to buy and invest in 2022? In this guide, we explore the 10 best cryptocurrency options to consider investing in 2022.

10 Best Cryptocurrencies to Buy in 2022

More people are looking for the best cryptocurrencies to invest in as speculators and part-time investors seek alternative ways to store wealth and profit.

But where do you begin?

After all, for first-timers, entering the crypto space can be a daunting experience. Even experienced investors may find it difficult to keep up with these rapidly evolving technologies and applications.

Too much choice can cause cognitive overload, also known as 'over choice,' which prevents us from making decisions.

However, as we'll see below, there are numerous reasons to invest in cryptocurrencies in 2022. And cryptocurrency investing is an excellent way to diversify your portfolio, reduce risks (particularly during a pandemic), and act as a store of wealth. As corny as it may sound, knowledge truly is power when it comes to investing. Knowledge can keep you ahead of the curve, allowing you to predict the next big thing before it happens.

In search of the best cryptocurrency to invest in 2022? So, here are the top ten choices for this year!

Bitcoin and Ethereum are no longer the top two cryptocurrencies. Bitcoin SV and Ripple have taken their places, with Bitcoin SV emerging as a new entrant. Ripple has also moved up from second to third in the chart, with Terra grabbing the final spot. The price crash has also changed the rankings of these two currencies, and the rise of Litecoin and Ripple has led to a shift in the top ten.

Litecoin

While Bitcoin may have been the first crypto asset to ever see mass adoption, other cryptocurrencies have followed suit. Bitcoin is one of the most popular cryptocurrencies in the world, and Litecoin is one of the oldest. Like Bitcoin, it is a decentralized digital currency that has many similarities to the original asset. It is currently the 13th largest cryptocurrency by market capitalization, but its future is bright.

While many crypto coins have their merits and drawbacks, Litecoin has a few advantages. The first is its speed. Litecoin transactions can be processed at a rate of 54 per second, and new blocks are generated on the Litecoin blockchain every 2.5 minutes. Most exchanges require six confirmations before a transaction can be processed, but peer-to-peer crypto payment networks can settle transactions almost immediately. The second reason Litecoin is fast is that it is more secure than other cryptocurrencies.

Investing in Litecoin is easy. With a few clicks on your computer, you can invest in the currency in a matter of minutes. Some cryptocurrency trading platforms require the purchase of BTC to open a position. Other platforms offer CFDs on Litecoin that let you trade with 0.001 BTC. The minimum investment varies according to personal preference, but it is less than $50.

With its low transaction fees, Litecoin is highly usable. The network processes over one hundred thousand transactions every day, and 200,000-300,000 addresses are active. While Litecoin is not as popular as Bitcoin, its usability is undeniable. It is one of the top ten cryptocurrencies today. Its use is rapidly increasing. It has been listed on almost all major cryptocurrency exchanges.

Ripple

Ripple is one of the top ten cryptocurrencies, but what makes it so special? Its founders bring decades of experience in technology, financial services, and crypto, as well as a passion for an inclusive future. They also have the backing of several strategic and venture capital firms. This means that Ripple is well-positioned to handle any regulatory challenges that come its way. Listed below are some of the reasons Ripple is a top pick for cryptocurrency investments.

The recent court battle between Ripple and the SEC is likely to help boost its price. The outcome of the case will determine the future of the crypto market. If Ripple wins the case, it will be the first decentralized medium to prevail against a government wing. In the meantime, Ripple is expected to rise to record highs. A recent Santiment analytics feed shows that Ripple has entered its second-largest accumulation phase. This means that it has already grabbed 900 million coins from addresses holding ten million XRP.

While Bitcoin is one of the top cryptocurrencies, Ripple is an alternative that offers several advantages over traditional payment systems. It has a number of use cases, including providing an alternative to SWIFT payments and enabling hassle-free money transfers across borders. Its network of over 300 financial institutions helps make money transfers faster and cheaper. Ripple has also made Bitcoin's global use possible. The RippleNet network can be used by more than 300 financial institutions and banks to facilitate money transfers.

For investors, Ripple offers diversification through its global payment network. In fact, it is the sixth largest cryptocurrency by market cap by May 2022, which is still a few years away. Ripple's XRP is a great option for diversifying your digital currency portfolio. Its transaction time is low, and the transaction cost is low. With a market cap of $83 billion as of March 2022, Ripple is set to reach the top ten position in the cryptocurrency space.

XRP

XRP is a digital asset that has a real-world application for payment. Unlike ETH, which is mainly used in the financial services industry, XRP is not used for nonfungible tokens, gaming, or the metaverse. As a result, it does not have as many applications as ETH. Nevertheless, it has some unique advantages. Read on to find out why XRP is one of the top ten cryptocurrencies in 2019.

In early 2018, XRP attracted the attention of crypto enthusiasts. The price of a single token rose to $3.84, and then declined sharply. However, by the end of the year, it stabilized at $0.30 and never rose above that mark. With a growing number of cryptocurrency enthusiasts and institutional investors, XRP is expected to reach $1.14 in 2028. However, if XRP doesn't reach that high by the end of this year, it is unlikely to make it to that height.

Although XRP is not available on many centralized cryptocurrency exchanges in the U.S., it is still available on decentralized exchanges. If you're located in the U.S. and want to buy cryptocurrency, you can find it at CoinMarketCap. However, if you're not in the U.S., you'll need to purchase it on a different exchange or use a noncustodial wallet.

Despite its negative press, XRP has been able to hold its 200-MA support level and a vital level at $10. It won't fall further. This allows it to play consistently at this level. Investors can expect many partnership deals and integrations around 2024. If it can get there, XRP will be in a great position to reach $15. And if it does, it could reach a market cap of $70.0 billion.

Terra

Recently, the Terra (LUNA) network has been under pressure as the price soared above $100. The crypto exchange Binance has temporarily suspended withdrawals, citing network congestion and high volumes of pending withdrawal transactions. This crash coincides with a broader crypto market downturn, which has compounded its problems. Additionally, there have been problems with the UST, Terra's dollar-pegged stablecoin.

The price of Terra varies significantly between days. Since it is a stablecoin, it can be volatile. Unlike the more popular Ethereum, Terra is less "decentralized" than its rival. Ethereum is powered by thousands of interconnected computing nodes around the world. This may turn off some blockchain purists. As a result, it is important to consider the possibility of large price swings before investing in this coin.

The growth of Terra has been driven by incentive schemes, with its flagship product, UST, promising a 20 percent yield every year. Its platform, also known as the "Anchor," enticed investors to park their Terra coins with it. On Wednesday, the Terra community voted for the fork. The new blockchain is set to launch on May 27. As with many other cryptocurrencies, Terra has had a rocky start.

The UST of Terra works as a balancing mechanism for its stablecoins. Traders can buy Terra cheap and exchange it for Luna and make a profit quickly. This works because the ecosystem of Terra depends on traders believing that Luna is worth their money. There is no clear way to predict how Terra's stablecoins will perform in the future. As such, investors should monitor any regulatory issues within a protocol before investing in a cryptocurrency.

Dogecoin

While most cryptocurrencies have limited real-world utility, Dogecoin is an exception. This currency is designed to be a cheap method of transferring value between two individuals. The coin's lack of utility is one of its biggest attractions. However, many investors are hesitant to invest in it, because the currency has low utility. Its popularity is largely due to its celebrity endorsement and strong support among its Internet tribe. Additionally, the supply of Dogecoin is unlimited, so its price is not based on scarcity, but rather relying on buyers buying new coins to keep up with demand.

While Bitcoin has been the most successful and widely accepted cryptocurrency, Dogecoin is the most controversial. Before Dogecoin was developed, it was not widely accepted in stores. As a result, the average person only thought of it as magical internet money. But it has had a dramatic impact on cryptocurrency adoption, and it was Dogecoin that made many millionaires aware of blockchain technology.

While the value of Dogecoin continues to rise, its use cases are limited. Although it is increasingly accepted in merchants and services, it is unlikely to replace Bitcoin in mass use. As a payment method, Doge can be used at more than 2,000 merchants worldwide, including CoinPayments, HostMeNow, and many others. This means that Dogecoin isn't as secure as Bitcoin or Litecoin, but it's still a great option for those who don't want to use their real-world credit card.

Cardano (ADA)

Cardano is a third-generation cryptocurrency that aims to improve on Bitcoin's scaling issues and Ethereum's smart contract deployment principles.

After the Cardano network was updated in September 2021, the number of smart contracts based on Cardano increased dramatically, potentially allowing Cardano to compete with Ethereum.

As traders have been buying up ADA in anticipation, 2022 could be the year we've been waiting for. Cardano, in addition to smart contracts, has introduced new features such as token creation.

Furthermore, Cardano had some of its best performance ever in 2021, gaining over 720 percent at the start of the year and briefly taking the third largest cryptocurrency by market cap.

Uniswap (UNI)

Uniswap is a top cryptocurrency to consider right now. Uniswap is the DeFi king; it is a decentralized exchange (DEX) built on Ethereum that connects buyers and sellers for a variety of digital assets.

One of the best times to invest in a cryptocurrency is when it is improving its usability and speeding up adoption.

Uniswap's most recent significant change is the release of Optimism, which has been in development for two years. Some of the advantages include the ability to pay gas fees in any token, scaling, and near-instant and inexpensive transactions.

Compound (COMP)

Compound is another cryptocurrency to consider purchasing. The compound is currently one of the top crypto-lending platforms, thriving in the emerging Defi market.

Compound has been busy raising the bar in the crypto-lending industry by launching their new 'Compound Treasury,' a service exclusively for financial institutions that allows them to earn 4% fixed interest per year by investing US dollars.

This will provide Compound with a massive amount of liquidity and fuel its crypto-lending services. With interest in Defi expected to skyrocket in 2021, the Compound Treasury appears to be a top investment for institutions.

With all this extra liquidity at their disposal, Compound could essentially become the bank of the crypto world.

ApeCoin

ApeCoin is yet another sensible cryptocurrency to buy and invest in in 2022.

ApeCoin is one of the most popular and inexpensive crypto coins available today. New cryptocurrencies that generate a lot of buzz tend to outperform the market. ApeCoin is the governance token for the Ape DAO, which operates the popular Bored Ape Yacht Club NFT line. ApeCoin is one of the best performing crypto coins to buy right now, and it appears to be gaining traction. The hype is now being driven by rumors that the Bored Ape Yacht Club will launch a Metaverse, with ApeCoin serving as the transaction currency.

APE is an ERC-20 token used by developers to empower and incentivize decentralized community building at the cutting edge of the Web.

Shiba Inu

Meme coins, according to experts and crypto analysts, may not be a viable long-term investment option. However, meme coins have demonstrated their potential in 2021, so it may make sense to invest in top meme coins such as Shiba Inu. SHIB's market value will have increased by 481,000 percent by 2021. This is, after all, a start for a contentious coin like SHIB. Other than Bitcoin, it is one of the best cryptocurrencies with a promising future.

What Is The Next Cryptocurrency To Explode In 2022?

ApeCoin is the next crypto to explode in 2022 because it has the greatest potential to increase in value due to its recent NFTs launch in April. While it may not reach the same heights as Shiba Inu, it will almost certainly be a significant improvement.

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LEARN THE BEST WAY TO BUY CRYPTOTOP 10 CRYPTOCURRENCY WITH A BRIGHTER FUTURE THAN BITCOIN