In 2021, the cryptocurrency market revenue size reached 1.5429 billion worldwide. Market researchers predict this market will grow at a compound annual rate of 6.9% to reach 2.302 billion by 2028.
You must consider various factors when looking for the best cryptos to buy. For instance, you must research extensively about the crypto market.
Also, you’ll need to decide the amount of money you want to invest in cryptocurrencies. Your crypto market study will guide you on the best time to buy crypto.
So, what are the best cryptos to buy for 2022? Read on to learn the best cryptos you can buy this year.
Among all the cryptocurrencies, Bitcoin has existed in the market the longest. The price and market cap of Bitcoin exceeds all other crypto investment options.
Today, many businesses worldwide accept payments by Bitcoin, making this crypto an intelligent investment. Bitcoin is highly volatile, so its value fluctuates a lot.
Sometimes, the wild fluctuations will make you nervous that you may want to avoid buying crypto. Always remember that you buy crypto as a smart long-term investment.
So, the market fluctuations shouldn’t worry you too much. Further, the prevailing low price could present the cheapest and best way to buy crypto.
Even though the Cardano network has a small footprint in the market, it’s appealing to crypto investors for different reasons. For instance, it’s less cumbersome to complete a Cardano transaction than other larger networks like Bitcoin.
That way, you enjoy much faster and cheaper crypto transactions. Recently, Cardano launched an upgrade that improved functionality.
The upgrade also enabled smart contract deployment, which has seen the Cardano network increase activity. Researchers predict this would have a positive impact on the Cardano coin price.
Binance Coin (BNB)
Binance coins marinated relatively level prices, according to cryptocurrency standards, for years. However, this coin took off at the start of 2021, reaching an all-time high value in May.
The Binance coin is one of the more stable investment options due to its performance in the crypto market over time. Unlike other competitors, the Binance coin got created by a company and not a group of tech developers.
Also, this cryptocurrency has the reputation of being the native coin on the world’s largest exchange.
This is a blockchain-based payment system. Terra also has its stable coin -Terra USD (UST). Besides, the LUNA token powers this cryptocurrency.
When a new stable coin, UST, gets minted, a small amount of LUNA tokens get burned. This implies that the stable coin, UST, gains more popularity, so the value of LUNA goes up.
It’s best to sign up for a demo account on your crypto platforms to learn how to buy quant and other cryptocurrencies.
Best Cryptos to Buy
You should keep learning about the ever-changing crypto market. A new crypto network could climb the ladder to emerge top above other crypto platforms.
A smart investor should always stay ahead of the market trends. You can get the best cryptos to buy this year with the above examples.
Explore this blog for more articles about cryptocurrency and personal finance.
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