Which is the best cryptocurrency to buy in 2022?
Cryptocurrencies are in all the news these days and they’re quickly gaining
traction in the mainstream world as well. This means that you’ll probably want
to find out which of them are worth investing in right now, and which ones will
be worth investing in down the road when they’ve become an even bigger part
of society than they already are. I’m going to break down which cryptocurrencies
are likely to be best in the future so you can start thinking about how you’re going
to invest and make some money on cryptocurrencies without risking your hard
The most promising coin of tomorrow will likely be one that hasn’t even been
created yet. If you’re looking for a safe bet, it might not be Bitcoin or any of its
current competitors; it could be a new technology entirely. Some experts, like
MXR developer Riccardo Spagni, predicts future growth based on several factors
like blockchain technology (which makes cryptocurrencies possible), regulation, and
more. In his words: I think that as more people realize what [blockchain] technology
can do for us—not just currencies—there will continue to be developments and
innovation there. For example, let’s take cryptocurrencies’ natural digital privacy—and
try to put a dollar amount on how much the world values that privacy.
The IOTA Tangle is quantum-resistant, meaning it should be safe from brute force
attacks. It’s also a feeless currency, which means that transactions cost nothing.
As an example of how it works, imagine a stockbroker who has lots of clients and
doesn’t charge them any fees. If you have 100 clients, each giving you $1 each day
with no chargebacks or cancellations—that’s $100 worth of free money! That’s what
makes IOTA such an attractive investment opportunity. Of course, keep in mind that
technology evolves quickly and what’s hot today may be out of date tomorrow.
Launched in 2015, Ethereum is a decentralized platform that enables Smart
Contracts and Distributed Applications (ĐApps) to be built and run without
any downtime, fraud, control, or interference from a third party. Ethereum
blockchain technology has been hailed for its innovative design and ability to
support a wide range of complex applications with its intelligent contract scripting
language. It offers advanced features like smart contracts, which are self-executing
contractual states stored on the blockchain that cannot be modified once they are
initiated. These applications have fueled widespread interest in Ethereum and
generated more than $1 billion dollars of investment interest among leading venture
capital firms as well as corporations like Microsoft, IBM, and Intel — all looking for ways
to use public blockchains on private networks.
After rallying by more than 1,400% last year, DASH will be a tempting investment for
many investors looking for high returns. It seems far-fetched that DASH could repeat
its performance from 2017; however, considering it undervalued at just
$169 per coin, we believe there’s plenty of upside potential moving forward. One thing
working in DASH’s favor is its partnership with Wirex. The integration of Dash into Wirex
will make it even easier to purchase and spend Dash compared to before.
Zcash was launched in late 2016 and aims to provide additional privacy on top of a
blockchain. Zcash uses zero-knowledge proofs, which allow two users to transact
without revealing any information about either party. For example, if you want to
prove that you paid someone some money, but don’t want them (or anyone else)
knowing how much money you sent or what address you sent it from, you can use
zk-SNARKs on Zcash. And because zk-SNARKs are totally anonymous, no one can be
tracked spending their coins. This can also apply beyond payments—for example,
protecting medical records with a transaction hash would hide anything stored within
that data from view.
In our opinion, Litecoin has superior technology that makes it much easier for users
to transact. It’s faster and cheaper than Bitcoin, which means it’s a better option as
a way of sending money digitally, especially for smaller transactions. It also has a larger
maximum coin supply than Bitcoin – 84 million compared to 21 million – which could
make it more stable over time. With Lightning Network technology set to be implemented
later in 2018, there’s no doubt that Litecoin will continue getting attention from investors.
Investing in cryptocurrencies can be scary, especially if you don’t know what you’re
doing. There are plenty of stories about people who invested early and watched their
investments grow into fortunes, but there are also plenty of horror stories about
people who lost everything due to scams or risky ventures. Cryptocurrencies are volatile
by nature—the value of a single Bitcoin can change from $4,000 at one point during any
to $3,900 within an hour. If you have an idea for a project that could revolutionize one
industry or just get easier within another market segment and want your investment(s)
to take off as much as possible, Ripple (XRP) may be your way forward.
Bitcoin Cash (BCH)
With Bitcoin now accounting for almost half of all cryptocurrencies by market
cap, it may seem like a stretch to say that a competing currency could be worth
your time. And yet, here we are. Unlike its predecessor, Bitcoin Cash offers transaction
speeds well within acceptable limits for everyday commerce, boasting eight-minute
processing times as opposed to Bitcoin’s average of 30 minutes per block. Though
there have been issues with slowdowns due to congestion on some exchanges
(notably Coinbase), Bitcoin Cash boasts transaction costs far lower than its famous
ancestor: about $0.05 per transaction vs. $1 or more for Bitcoin. These are appealing
features for users who want their blockchain-based currencies’ daily usage reflected
in their value—and price spikes don’t hurt either!