Bitcoin Vs. Altcoins: Will the original crypto stay on top in 2022?

One of the most daunting questions in the crypto market is whether Bitcoin will recover or even reach new all-time highs this year and if it is better to invest in altcoins. Learn more about where you should place your money in crypto.

Is Bitcoin Still Profitable in 2022?

Before answering whether or not Bitcoin is more profitable than altcoins in 2022, it is important to first answer whether or not Bitcoin itself will be profitable. Unlike other cryptocurrencies, Bitcoin is considered the largest and the top cryptocurrency in the space.

Bitcoin hosts a massive market cap, making it hard for prices to rise or fall. In order for the price of BTC to either go up or go down, there has to be a substantial volume of Bitcoins being sold or bought.

While some people remain bullish on Bitcoin, the fact remains that it would require a large volume to impact its price. Although some experts believe that Bitcoin could reach new heights this year, others believe it might take longer for BTC to go on another bullish momentum.

Will Altcoins be More Profitable in 2022?

The good thing about Altcoins is due to their smaller market cap, the chances of it increasing in price are also greater. If a $1,000,000 investment is made in Bitcoin, this will not impact the price that much, but if the same amount is invested in smaller-cap altcoins, they can be expected to change drastically.

There is, however, no sure indicator that these large investments will enter smaller capped altcoins. One thing that helps show whether or not an altcoin will be profitable in 2022 is its chart. By following an altcoin’s moving average, you’ll be able to see whether the asset is on an upward or a downward trend. There are also other indicators that can be used in order to assess whether or not an altcoin is indeed bullish or bearish.

There are also other indicators that can be used in order to give you a better idea regarding whether or not the altcoin will go up in price. The tricky part regarding altcoins is finding the right coin to invest in. Certain brokers vet the different altcoins making sure each one of them is a potential reliable investment.

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Which Cryptocurrencies Will Stay on Top?

When it comes to the crypto market, Bitcoin will most likely always remain on top due to it having the largest market cap compared to other assets. Although Ethereum has a huge market cap as well, it is still not near Bitcoin and would require a substantial investment in order for it to catch up.

The big question is which cryptocurrencies will remain in the top 5 in 2022. With an ever-changing list, one investor technique is to look for projects that would bring the most relevant when it comes to the current market trend.

There’s no telling which specific cryptocurrencies will remain or potentially join the top 5 cryptocurrencies of 2022, but when looking for one to invest in, it would be more advisable to look for cryptocurrencies vetted by a reputable platform. Services like the Immediate Edge do the vetting process for you by connecting you directly with a reputable broker.

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Conclusion

Before investing a significant amount into cryptocurrency, it is important to first understand the risks involved in the market. Since the top 5 cryptocurrencies have changed over the years, with Bitcoin and Ethereum as a constant, even investing in the top 5 cryptos is still considered extremely risky. 

It is recommended that you consult a financial advisor before placing any money into the market. Due to the volatility, there is still a huge risk that either you’ll lose money or that you won’t be able to make a profit at your desired time. Due to this, it is important to only invest what you can afford to lose.