The crypto market comprises hundreds of unique digital currencies with an aggregate value of nearly $2.50 trillion. But where to invest in crypto? If it is your first time investing in digital assets, choosing the best Cryptocurrencies can be tricky and needs much care.
The raging bull crypto market we witnessed in 2021 won’t necessarily prevail as we step into the new year. Yet, despite intensely volatile periods, there is still a chance for investors to make money. Here are the top cryptocurrencies that have the potential to earn you a profitable income in February 2022.
Top Cryptocurrencies to Invest in
1. Ethereum (ETH)
Ethereum is among the best cryptocurrencies and a blockchain platform, and it is already ranked as the second-largest cryptocurrency globally, based on market cap. It is the most widely used blockchain and the favorite of all blockchain developers because of its potential applications. Also, more than 45 of the top cryptocurrencies are based on Ethereum’s platform.
Ethereum has undergone tremendous growth since its launch in 2015. Its price went from about $11 to over $4,800, increasing over 42,000%, whereas native ETH tokens soared more than 450% in 2021 alone.
The year 2022 could be more promising for Ethereum, as phase 2 of the Ethereum 2.0 upgrade is planned to happen this year. It will help extend the proof-of-stake protocol to the entire Ethereum network and make it faster, more scalable, less energy-intensive, and lower transaction costs.
This crypto is a free and open programmable smart contract platform that delivers extraordinary compatibility and speed and is a prevalent alternative to Ethereum. It is a good and eco-friendly innovative contract-driven blockchain network that builds a fast, inexpensive, and robust-compatible Dapp. It instantly sees transactions and launches Ethereum decentralized applications (Dapp), which process thousands of transactions per second, making it a logical choice to develop Dapps.
Avalanche scales to millions of validators with minimal hardware input and has a realistic chance of tripling its value this year. The security bars are agreeably exceeding 51%, and it is the most pleasing reviewable platform for schools, organizations, and governments.
With support to nearly 160 projects, if Dapp developers choose Avalanche, they can avoid Ethereum’s high fees, congestion, and lag in processing.
Solana was among the top cryptocurrencies in 2021, delivering a massive return of close to 13,650%. With a market cap of US$65 billion, Solana stands as the fifth-largest cryptocurrency globally. Solana was designed to support power decentralized finance use cases, dapps, and smart contracts with its ability to process up to 75,000 transactions per second and super-low transaction fees of around $0.00025.
It is considered to have the fastest-growing ecosystem in the crypto market. It has access to more than 400 projects, including NFT (non-fungible token) marketplaces and Defi (Decentralized finance) apps.
Solana enables fast and secure processing of transactions as it operates on proof-of-stake and proof-of-history models, and its native token is powered by an SQL database.
After some time in the crypto ecosystem appeared Cardano, which is now the sixth-biggest cryptocurrency by market cap in 2021. Its native coin, ADA, has gained more than 1000% capital so far and has become one of the best cryptocurrencies by assets in the crypto-sphere. Cardano facilitates smart contracts and Dapps powered by ADA.
It has become notable for embracing proof-of-stake validation, which decreases energy usage and environmental impacts by easy problem-solving aspects of the platform, such as Bitcoin. Hence, the technical enhancements and the growing popularity of Defi and smart contracts will continue to fuel the performance of Cardano in 2022.
5. Binance Coin (BNB)
The Binance Coin is one of the top cryptocurrencies used for trading and making payments on Binance, one of the most extensive crypto exchanges globally. It was launched in 2017, and it has expanded past merely boosting trades on Binance’s exchange platform.
BNB can be traded and exchanged for additional top cryptocurrencies like ETH and BTC. When it was launched, the price of one BNB was $0.10. Now it has a gain of approximately 630,000%, where the highest price of 1 BNB coin is $690 in 2021.
If you are a blockchain entrepreneur thinking of where to invest in crypto, our list of top cryptocurrencies is a good option for starting in February 2022. Furthermore, investors are advised to keep up-to-date on the latest crypto news and know their individual risk capacities. If you are a novice in this field, 4 Crypto Trading Strategies Everyone Should Know About can help.