Top 7 Cryptocurrencies to Trade in 2022. 1. Bitcoin. 2. Ethereum. 3. Ripple. 4. Binance Coin. 5. EOS. 6. Litecoin. 7. USD Dollar coin.
Cryptocurrency contributes billions of dollars annually to the global market. It’s the most volatile currency globally and never goes out of trend.
We’ve done our research and carefully selected long-term investment decisions.
The top seven cryptocurrencies are:
7– USA Dollar Coin
Bitcoin is the most popular cryptocurrency globally, thanks to an anonymous individual, Satoshi Nakomoto. This digital coin had no financial value at inception (someone exchanged 10,000 bitcoins for two pizzas on May 22, 2010.)
Bitcoin was $0 in 2009 and $1 in 2011. Today (April 16, 2022) bitcoin is valued at $40,422.
The price is a drop from October 2021’s $58,051. Many investors are currently buying and holding the coin with the firm hopes that it will increase value from their purchase cost.
Here are a few reasons bitcoin is popular:
The security of blockchain technology.
Speed and ease of transaction.
A large number of bitcoin vendors.
Sufficient resources about bitcoin investment/ trading.
There are only about 21 million bitcoins, with approximately 19,009,843 coins in circulation.
While bitcoin mining is tough, only the earliest miners currently have access to the remaining unmined coins.
1. Bitcoin Price Predictions
Some experts believe that by 2027, bitcoin will hit $200,000. Others believe that by 2030 the value will be $100,000.
Bitcoin is highly volatile, so we do not advise you to rely on these predictions.
What Happens After Mining all the Bitcoins?
Once miners exhaust the remaining bitcoin, circulation will depend on the willingness of holders to transact. This unwillingness will significantly affect bitcoin’s price. Miners’ fees will also disappear.
- Ethereum Cryptocurrency
Next to Bitcoin is Ethereum. As of April 16, the price was about $3,040. A fall from October, $4,298. If you have NFT in mind, Ethereum uses blockchain technology for a safer and seamless transaction.
You’ll need an Ethereum wallet to mine, buy or trade.
NFT’s increase in demand is one reason Ethereum is popular. In 2015, the cryptocurrency sold for $1 only.
The highest price point was $4,800 in November 2021. You can trade NFTs with your Ethereum wallet.
- Ripple Cryptocurrency
Ripple is another great cryptocurrency idea you might want to consider. It increased from $0.2374 on January 11, 2021, to $0.7384 on January 11, 2022.
A significant profit for those who invested massively in January.
Interestingly most global banks are beginning to adopt the Ripple network for their financial transactions.
Benefits of Investing in Ripple Coin
Ripple network can process other currencies
Ripple Cryptocurrency Prediction
By December 2022, bitcoin will rise to $0.87, $2.56 in 2023, and $8.07 in 2025. In 2027, the value will increase to $16.48 and $29.47 in 2030.
- Binance Coin (BNB) Cryptocurrency
Binance coin utilizes a burnout policy to maintain its stability and growth.
BNB coins have a promising future. Experts predict that by December 2022, the price will hit $670. By 2025, it will reach $5,934.
Binance is yet another great choice ruling both the tech and finance market.
As of April 16, 2021, the price was about $413, and in October, it was $526.
Why Choose Binance Coins?
Discounts on transaction fees
Low fees and fast transaction
Excellent utility token
- EOS Cryptocurrency
EOS is just as volatile as the other cryptocurrencies on our list. As of April 16, 2022, EOS was $2.54. The highest price was $22.71 in April 2018.
Several experts have given different predictions about this cryptocurrency. Experts in Trading Beast experts predict that there’ll be a steady decline in EOS value throughout the year.
These experts are optimistic that December 2022 will be the highest price point for this cryptocurrency.
- Litecoin Cryptocurrency
Litecoin is a peer-to-peer virtual currency. It emerged in 2011 and was bitcoin’s direct competitor.
A Bitcoin transaction takes about 10 minutes, while a Litecoin deal will take only about 2.5 minutes.
The price as of April 16, 2022, was approximately $110.88. Experts predict that the price might increase to $236 by the end of the year.
Compared to bitcoin, Litecoin offers faster transactions.
Why Buy Litecoin Over Bitcoin?
Litecoin is commonly called silver to bitcoin gold. It started as a fun side project by founder, Charlie Lee.
The constant comparison is because both emerged in the same period—Bitcoin in 2009 and Litecoin in 2011.
Besides, Litecoin copied and modified bitcoin’s code for quicker transactions.
On average, bitcoin’s transaction fee is $26.89. The hike in bitcoin transaction fees is due to its mining limitations.
Litecoin has more issued coins (74 million coins in total) compared to Bitcoin’s 21 million.
Bitcoin is expensive compared to Litecoin. It’s the reason most people prefer trading with Litecoin.
Unlike Litecoin, Bitcoin is divisible. A satoshi is the smallest bitcoin denomination. It means you can trade smaller units with bitcoins. One satoshi is worth 0.00000001 BTC.
While bitcoin’s algorithm is ‘SHA-256’, Litecoin’s is called ‘Scrypt.’
Here are other reasons you need Litecoin:
Litecoin is four times faster than bitcoin.
It has more issued coins (66,752,415 in circulation).
Lower transaction fees ($0.04 only).
- USD Dollar CryptoCurrency
If you seek coin stability, the USD dollar coin is for you. Centre Consortium developed this cryptocurrency on May 15, 2018.
Supported by Ethereum, the value of this cryptocurrency is 1 USD dollar coin to 1 USD.
Additionally, financial institutions across the United States fully support it. Only shifts in demand and supply can affect its price.
The USD coin exists to make available the cryptocurrency version of the United States Dollar.
So if you’ll need a stable currency for a long-term business deal, choose this virtual coin.
USD Coin Price Predictions
By the end of May 2022, the USD coin will hit $1.278. Experts predict that the price will be $1.259 and $1.007 on average by December 2023.
Overall, expect a considerably stable cryptocurrency within five years.
On the flip side, price stability is an advantage and disadvantage to holders. No price appreciation means no profit.
But it also means there’ll be no losses.
Contrary to the beliefs of naysayers, cryptocurrency in its various forms has come to stay.
The top seven cryptocurrencies to trade in 2022 are bitcoin, ethereum, ripple, binance coin, EOS, USD Dollar Coin and USD Dollar coin. Bitcoin is the most popular cryptocurrency.