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Cryptocurrencies continue to surge as individual and institutional investors view them as a valuable part of their investment portfolio. Nowadays, there are various cryptocurrencies in the cryptocurrency market that can make novices and beginners feel a little too overwhelmed.
This article will help you identify the top cryptocurrencies by their value and market capitalization. Investors are encouraged to buy and hold them throughout 2022 to gain maximum profits. These cryptocurrencies are surging to new heights and will continue to do so in the coming years.
Bitcoin (BTC):
The pioneer of cryptocurrencies, Bitcoin, remains on the top of the cryptocurrency market almost all the time. It is the most valuable cryptocurrency in the world. Also, It is also called ‘The Original Cryptocurrency’ because it was the first of this kind.
It runs on a distributed network of thousands of nodes known as blockchain that authenticates the speed, security, transparency, and decentralization of the coin. Bitcoin has been the most popular tech trend worldwide in the last few years. You could buy a whole Bitcoin for $500 in 2016; however, the price of a single Bitcoin now has reached above $46,000, indicating a 9,200% increase. Hence, Bitcoin is a great buy-and-hold currency for investors in the coming years.
Ripple (XRP):
The cryptocurrency of the Ripple network, Ripple (XRP), is already among the top cryptocurrencies by their market cap, which is over $40 billion. Ripple network is a blockchain system that is already being operated by hundreds of banking systems all over the world.
Ripple is famous for its secure, fast and cheap global transactions. The coin was launched in 2012, and since then, it has seen many ups and downs, but it makes it strong against the top currencies. XRP will continue to be in leading positions because of its ability to facilitate exchanges of different currency types, including fiat currencies and other cryptocurrencies. Investors buy XRP and enjoy the given use cases that the best cryptocurrency offers.
Ripple has effective control on top positions and it is a good buy for investors.
Solana (SOL):
Last year was an excellent year for Solana. It was up by 10,000% and enjoyed a great deal of a bullish run. Solana’s major advantage over the other crypto coins is its solid speed and transaction capacity that attracts dApp projects that need a durable and robust blockchain platform.
Solana’s platform might bring about a new wave of powerful blockchain-based applications with legitimate and real-world use cases, having a transaction capacity of 50,000 per second. It supports a wide range of projects like Defi, NFTs, Web3, and others which have attracted a lot of blockchain enthusiasts and professional investors. It surely would be a valuable asset in your investment portfolio.
PolkaDot (DOT):
With a market capitalization of over $29 Billion, Polkadot is the next on the list. Since Polkadot’s inception in 2020, this integration of blockchain and its crypto has gathered immense mainstream acceptance and could forever change the way cryptocurrencies are maintained.
Polkadot offers low fees and higher transaction speed making it one of the favorite cryptocurrencies of investors. It is much more scalable than any other cryptocurrency available in the market. Also, it is expected to increase over the coming few months as the use of cryptocurrency is surely going to increase.
Litecoin (LTC):
Litecoin was launched in 2011; it was among the first few cryptocurrencies that were created after Bitcoin. It is also known as silver to Bitcoin’s gold. It has a market cap of $9 Billion, making it the 22nd largest cryptocurrency around the world.
Litecoin and its integration system resemble Bitcoin but offer a faster block generation rate and a quicker transaction time. As a growing number of merchants, investors and online retailers are accepting Litecoin, there will be a strong surge in its value and market cap.
Binance Coin (BNB):
Binance Coin is the native cryptocurrency of the world’s largest cryptocurrency exchange, Binance. Also, Binance coin offers extremely low transaction fees despite being the third-largest cryptocurrency in the world. If you are using Binance Coin as a means of payment for exchange, you can even avail of various discounts.
Binance coin increased up to 1,300% in 2021 and overtook Bitcoin and Ethereum. As the market saw a dramatic crash of Bitcoin and Ethereum, there was a significant increase in the value of Binance Coin. In addition to this, Binance coin has a solid connection to GameFi and MetaVerse. Since many of the experts have hinted towards MetaVerse being the next big thing, there will be more movement in the market, and eventually, the trading price of Binance coin will see an immense growth throughout the year.
