1. Bitcoin (BTC):
This is the first cryptocurrency that started the crypto movement around the world. Everyone wants to add Bitcoin to their portfolio. It does not work with banks or central authorities. Anyone can own bitcoin and nobody owns to control the bitcoin. Bitcoin, the peer-to-peer operating technology with a network, is open source. Bitcoin is unique, there may be a lot of cryptos, but no crypto payments are like bitcoin payments and transactions. Its low processing fees, worldwide payments, and very fast peer-to-peer transactions set it apart from Cryptos. Bitcoin is a medium of exchange, store of value, and an alternative to traditional currencies.
Bitcoin hit its new highs from 2013 to 2021. According to research, there is a 72% price increase in a 52-week record. By the end of 2020, Bitcoin was trading for $ 20,000 per coin. It began trading for $ 32,000 in 2021, hitting its new highs of more than $ 60,000. Since cryptos are inherently volatile, there are ups and downs in trading prices. Bitcoin performance will increase in February 2021, March 2021, April 2021 and November 2021. Bitcoin is trading at $ 48,000 today. However, you can never estimate your profit or loss from future prices and Bitcoin performance. If you look at performance from 2009 to 2021, Bitcoin suffered a notable correction in April. It is evident that Bitcoin will trade in a better position and at better prices. One can always consider Bitcoin for investments among all the other cryptos. (Price $ 47K dated 12/29/2021 may be variable)
2. Ethereum (ETH):
Ethereum, the intelligent, decentralized open source crypto, whose transactions are considered to be much faster than with Bitcoins. There are many similarities between Ethereum and Bitcoins, but the operations, uses, and goals of these cryptos are very different from each other. They serve different purposes and pursue different purposes overall. Ethereum offers security and fraud prevention, so it is considered safe and secure. Its applications are in NFTs (Non Fungible Tokens), DeFi (Decentralized Finance) and in smart contracts.
Ethereum is more than a payment, it’s a marketplace for various financial applications. From 2015 to 2021, the Ethereum price was increased. Just like Bitcoin, Ethereum gained its value in 2021. Due to its applications in expensive NFTs, Ethereum had captured its position in the crypto world.
There are various trades of Ethereum. In 2018, the price of Ethereum was $ 1,000 (US dollars), in December it hit $ 4,000, so it’s clear that its value is increasing. Due to its uniqueness in DeFi (Decentralized Finance), you can always opt for Ethereum. It is a blockchain application that uses ether as a cryptocurrency for various trading activities. There are several reasons to consider Ethereum in 2022. (Price $ 3,800 as of 12/29/2021)
3. Binance Coin (BNB):
Binance Coin (BNB) is considered the most traded cryptocurrency in daily trading and is also one of the largest cryptocurrencies. There are different types of trading such as Classic, Advanced, Margin, P2P, Strategy, Fan Token, Swap Framing that are involved in Binance.
From 2017 to 2021 there will be many changes in the pricing of Binance Coin (BNB). April 2021 ($ 599) and December 2021 ($ 623). Binance Coin (BNB) has reached its highest value in the price list.
Average daily volume is 2.0 billion, 1 million and more transactions per second, with 24/7 support. The Binanace ecosystem is famous for its services, transactions, token sales, new token farming facilities, Binance Visa Card, and Binance Loans. Binance Coin (BNB) may be an option to invest in 2022. (Price $ 500 from 12/29/2021 may be variable)
4. Tether (USDT):
Tether is a transparent blockchain technology with stable currency, backed by widespread integration and tokens backed by actual assets. There are so many industry supporters for Tether for its features and services. The main advantage of Tether is that it protects against the volatility of cryptocurrencies. Transactions in seconds, his wallet are additional benefits in this token.
From 2014 to 2021 there are huge differences in the price of Tether. In May 2017, Tether reached its peak. Prices will remain the same in December 2021. One can also consider tether tokens and add them once to a business or individual portfolio. (Price $ 1.00 from 12/29/2021)
5. Solana (SOL):
A fastest public blockchain, ecosystem with DeFi, Nft’s, Web3 with SOL internal cryptocurrency. Solano changed its value from 2020 to 2021 and reached its highest value in December 2021. More than 48 million transactions are carried out within Solana.
One can also consider the Solana for its smart contracts operations and proof of history. Solana has no transaction fees and is therefore considered to be faster than Ethereum. (Price $ 176 from 12/29/2021)
6. Kardano: (ADA):
Proof of Stake (POS), a public blockchain platform “Cardano” uses ADA as currency. From 2017 to 2021, like Ethereum, cardano positioned itself in the crypto world. In order to overcome some of the limitations of Ethereum, Cardano was developed. Cardano’s developers are so confident that it will be a new change in the crypto world.
You should also know that Cardano is known as the “Ethereum Killer” because of its Proof of Stakes (POS). The transactions per second carried out by cardano are much higher than with Bitcoins and Ethereum. It is also believed that Cardano could process 1 million transactions per second in the future. When it comes to security, Ethereum is always a great choice.
Charles Hoskinson is the common point between Ethereum and Cardano when he developed the first virtual Ethereum to overcome its limitations, he developed Cardono. Investors are now drawn to Cardano for its POS, transactions, energy efficient process and planning.
The Cardano price will be increased from February 2020 to December 2021. In August, December 2021 the price for Cardano was increased. It is a prediction that Cradano will take off in the crypto markets. So you can also consider Cardano in the crypto investment plan. (Price $ 1.4 from 12/29/2021)
- After these 6 you can also opt for USD coins, XRP, Terra, Polkadot, Avalanche, Dogecoin, Shiba Inu and Polygon cryptocurrencies.
The different types of cryptocurrencies?
Cryptocurrency is a digital asset with a digital payment system, a medium of exchange and is extremely volatile. Many experts believe that Crypto offers better returns than the traditional way of investing. Cryptocurrency is not regulated by the government.
This article is for informational purposes only. If you are planning to invest in cryptocurrency, or if you are investing in crypto-asset for the first time, it is recommended that you do not invest a large part of your savings in cryptocurrencies.
There are risks associated with this type of virtual investment. This investment may not be illegal in some countries or parts of the world, but there are also no legal action taken in the event of fraud or loss.