The Best Crypto Assets: Our Top 3 Digital Currencies

With the surge in popularity of digital currencies, many people have decided to enter the market. The truth is that after Bitcoin, the first-ever cryptocurrency that has been around for over ten years, the market has grown and attracted a large number of investors since. 

If you are new to cryptocurrencies and intend to invest in them, you might be wondering which one to pick. We understand! After all, there are thousands of tokens and projects out there. 

Well, you don’t have to worry! In this article, we’ll present you with the top digital assets to invest in for 2022.

What Are Cryptos?

Before anything else, you must understand what cryptocurrencies actually are. In essence, cryptocurrencies are decentralised digital money that does not rely on any central server to authority. Government and financial institutions, such as central banks, do not have the capabilities to own, distribute, control, or govern cryptos in any way. 

It was in 2008 when Satoshi Nakamoto, a mysterious cryptography prodigy, created the first digital currency, Bitcoin. Interestingly, the first cryptocurrency trade occurred a year after its official release, back in 2010, when a guy from Florida spent 10,000 bitcoins on buying two boxes of pizza from Papa John. Since then, the significance of cryptocurrencies as a digital payment system has been acknowledged globally.

We should note that crypto mining is the method through which some cryptocurrencies are created. Crypto mining involves the use of powerful computers or devices, such as Application-Specific Integrated Circuits (ASICs), which help resolve complex math equations or algorithms. 

Nowadays, online crypto trading via websites like Bitcoin Loophole is highly popular. Almost anyone can start investing as long as they have a reliable risk management strategy.

The Top Crypto Assets Of 2022

1. Bitcoin

Bitcoin is the first cryptocurrency to enter the financial market. Since then, it has become one of the most powerful digital currencies. It has grown in recent years and continues to play an important role among investors today. Note that it reached an all-time high of almost $70,000 last year. However, it’s impossible to predict whether Bitcoin’s price will rise or fall; it is highly volatile and driven by various factors, including market sentiment, demand and supply, market news, and technology advancements. 

2. Ethereum

Despite the fact that Ethereum was created a few years after Bitcoin, it managed to become the second most popular crypto in the market today. Its native token, Ether, is not the only thing that investors acknowledge. The introduction of smart contracts has revolutionised the sector. Not only that Ethereum is a popular option among professional traders and investors, but it provides a great infrastructure for the creation of ERC-20 tokens and projects.

3. Cardano

Cardano is also one of the leaders in the global digital market. Interestingly, Cardano was created by Charles Hoskinson, one of Ethereum’s co-founders. Cardano has seen modest growth but yet, it is one of the major players. It is considered third-generation crypto and is based on the unique Ouroboros protocol that provides enhanced security.

4. Tether

Tether is a type of cryptocurrency called a stablecoin, which means its value is pegged by an asset (in this case – to the US dollar). Despite some controversial claims that stablecoins are not that stable, Tether remains a popular choice among investors who want to protect their portfolios from the market’s fluctuations. 

5. Solana

Last but not least, Solana is one of the world’s largest virtual currencies. The asset saw a significant increase in value in 2021. Solana has continued to expand its reach in the crypto market, offering exceptional transaction speeds, dApps and DeFi projects.

Final Thoughts

While the coins described above could be suitable for you, remember that the digital currencies market is so large that it does not revolve just around a few projects.

Always explore different options and learn how to diversify your investment portfolio in order to reduce risks. Only by doing your research, might you make your breakthrough in 2022.