10 Most Invested Cryptocurrencies in 2022
The technology has changed the whole life of a human. It has affected every aspect of human life. Technology has also changed the way of traditional money transactions. Now a day people don’t want to carry cash with themselves. They are heading towards digital money, where they need not have cash or cheques. In this way of online or digital money transactions, cryptocurrencies are new medium of digital money transactions.
If we talk about cryptocurrency, we can say that it’s a digital platform of money where coins ownerships are recorded in a computerized ledger system. This system keeps the data recorded with high security and it does not let anyone interfere or tamper the data. It, being cashless money we can not have it in physical form. We can have it only as a data and we can transfer it’s ownership to pay for anything. This currency can’t be centralized as another money. There is no central entity to authenticate this money. Cryptocurrency is a decentralized money platform wherein anyone can authenticate his money. This currency form is organized by blockchain system which ensure its security and integrity. Cryptocurrency is defined as crypto just because of its encryption techniques.
This time there are numerous cryptocurrencies are existing in the digital payment world. Let’s discuss some of them;
Most Important Cryptocurrencies in the World in 2022
Bitcoin
This is the most famous cryptocurrency that was invented by Satoshi Nakamoto in year 2009. It’s a decentralized cryptocurrency that runs on Blockchain system. This currency work on peer-to-peer network where a user can transfer his money to another person without any intermediation. If you bought a bitcoin of $500, you can now sell this in more than $32000. This is most valued cryptocurrency with the capitalization value of over $600 billion.
Ethereum
After bitcoin this is the second largest cryptocurrency with the valuation over $300 billion. It is not only a cryptocurrency but also a network platform that performs as a blockchain, where you can do your transaction with other persons without any fear of being tampered or any fraud. This is also a decentralized forum without any central agency.
Ethereum is proposed in 2013 by a software programmer, Vitalik Buterin. If you have purchased this currency before 5 years you can change $10 to $2500 now a days.
Tether (USDT)
One who is worried about the volatility in the price of currency that person can invest in this currency. This one is considered most stable currency in the world. Because this currency is backed by some fiat currencies like USD, Euro. If we talk about its market capitalization value, it is estimated over $60 billion. This currency was launched in 2014.
Binance Coin (BNB)
Binance was founded in 2017, where from this currency grew incredibly. In 2017, the value of $0.10 rose to $350 in 2022. This is a cryptocurrency exchange platform, where you can trade various cryptocurrencies. Binance is founded by Changpeng Zhao in 2017. This currency’s market capital is estimated of $56 billion.
Cardano (ADA)
Cardano is known for its speedy transactions with less energy. That attracts the investors for its fast and secure transactions. This is far better than bitcoin in these conditions. Cardano is also a network that works like a blockchain. Ada is Cardano’s internal cryptocurrency. The market capital value of this currency is over $50 billion.
Dogcoin
You have must heard of dogcoin now a day in news because of Elon Musk and other billionaires. This currency was founded in 2013 as a joke by programmers Billy Marcus and Jackson Palmer. It got the popularity when Elon Musk announced this currency to fund the moon journey. As Bitcoin, Dogcoins can be created in infinite numbers, that is why there are lot of chances of devaluation of this currency. The capitalization value of this currency in today time is of $ 40 billion.
XRP
XRP token is founded by Ripple, a digital payment network. This currency is famous among international investors, because it takes less time than banks. It has the market value of over $ 40 billion.
Polkadot
This cryptocurrency was introduced to remove the deficiency of single lane. This is founded by the Ethereum leaders. This currency aims to integrate the various networks together. This integration will change the managing way and can make incredible growth. Its market value of capital is of $20 billion.
Uniswap (UNI)
Uniswap is also Ethereum based cryptocurrency. It is a decentralized platform that works for trading, that means there is no need of any bank or broker to deal anything. This cryptocurrency was launched in 2020 and the current market value of this currency is over $13 billion.
Litcoin
Litcoin was launched in 2011 by Charlie Lee, Google employee. At the start, this currency was similar famous to Bitcoin but it could not grow the same way. This currency mainly differs in two ways from bitcoin. First, it takes less time than bitcoins takes and the second is, Litcoin is far costlier than bitcoins. Lit coin’s market capital is about $9 billion.
