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5 Best Cryptocurrencies for Long-term Investment in 2022

5 Best Cryptocurrencies for Long-term Investment in 2022

5 Best Cryptocurrencies for Long-term Investment in 2022

5 Cryptocurrencies to Invest in Long-Term in 2022

Because there are so many different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, it’s difficult to get started in the crypto realm. These are the top five cryptocurrencies by market capitalization, or the total worth of all coins currently in circulation, to help you gain your bearings.

1. Bitcoin (BTC)

Market cap: Over $846 billion

Satoshi Nakamoto, often known as Satoshi Nakamoto, created the first cryptocurrency, Bitcoin (BTC), in 2009. BTC, like most cryptocurrencies, is based on the blockchain, a distributed database that records transactions across thousands of computers. Bitcoin is maintained safe and protected from fraudsters because changes to the distributed ledgers must be confirmed by solving a cryptographic problem, a process known as proof of work.
Bitcoin’s value has risen in lockstep with its popularity. A Bitcoin could be purchased for about $500 in May 2016.On March 1, 2022, the price of a single Bitcoin surpassed $44,000. This translates to a 7,800% rise.

 

2. Ethereum (ETH)

Market cap: Over $361 billion

Ethereum is a favourite of programmers because of its potential uses, such as smart contracts that run automatically when conditions are satisfied and non-fungible tokens. Ethereum is both a currency and a blockchain platform (NFTs).
Ethereum has also exploded in popularity. From April 2016 to the beginning of March 2022, its price climbed by over 27,000 percent, from roughly $11 to over $3,000.

 

3. Tether (USDT)

Market cap: Over $79 billion

Tether is a stablecoin, which implies it is backed by fiat currencies such as the US dollar and the Euro and has a theoretical value that is equivalent to one of them. Tether’s value is intended to be more stable than that of other cryptocurrencies, which makes it appealing to investors who are wary of other coins’ severe volatility.

 

4. Binance Coin (BNB)

Market cap: Over $68 billion

Binance Coin is a cryptocurrency that may be used to trade and pay fees on one of the world’s most popular cryptocurrency exchanges, Binance.
Binance Coin has progressed beyond just executing transactions on Binance’s trading platform since its introduction in 2017. It may now be used for trade, payment processing, and even trip planning. It’s also possible to trade it for other cryptocurrencies like Ethereum and Bitcoin.
The cost of BNB in 2017 was only $0.10. By the beginning of March 2022, its price had risen to almost $413, a gain of over 410,000 percent.

 

5. U.S. Dollar Coin (USDC)

Market cap: Over $53 billion

USD Coin (USDC), like Tether, is a stablecoin, meaning it is backed by US dollars and aims to have a 1:1 USDC ratio. USDC is an Ethereum-based cryptocurrency that may be used for cross-border transactions.

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