Letting us know which cryptocurrency to invest in could be difficult with nearly 16,000 digital assets. Finally, a growing number of cryptocurrency investors are hoping to grab the next big thing to make huge profits.
In this guide, we look at the five best latest cryptocurrencies to buy in 2022, as well as a brief review of how to find your own digital assets to invest in. So, let’s start.
Shiba Inu was incorporated in August 2020, and its meteoric rise in such a brief period is nothing short of incredible. This digital currency was valued at $0.000000000078 just at the turn of the year 2021, as stated by Coinmarketcap.
In November 2021, the same digital currency reached a high of $0.0000312. This means that Shiba Inu made nearly 40 million percent gains in less than a year of trading.
Even though the gains of this magnitude are doubtful, this token still has much upside potential. Shiba Inu is mentioned on all major exchanges, and the continual hype that this crypto asset expects to receive from the broader market.
Stablecoins are a special variant of cryptocurrency that is gaining fame. As they are linked to an asset such as the US dollar, as Tether is, they is a much less volatile alternative to Bitcoin. You can transact in traditional currencies while avoiding the intricacies of digital currencies with cryptocurrency.
Tether is a cryptocurrency that bridges fiat currencies and cryptos, allowing customers to transmit other cryptocurrencies to dollars less complicated and faster. For valuation, Tether has a one-to-one ratio with the US dollar.
As a result, the altcoin is less speculative than popular cryptocurrencies such as Ethereum and Bitcoin.
Following the release that El Salvador would use Algorand to build blockchain infrastructure, Algorand investors have seen astronomical returns.
Silvio Micali, an Italian computer scientist, is behind the platform. ALGO-USD has placed itself as an Ethereum competitor. The proof-of-stake protecting algorithm, which uses less energy to run, is one of its biggest advantages.
One of the most common denunciations leveled at Bitcoin is that it consumes a considerable amount of energy. ALGO-USD recognizes itself from the rest of the altcoins by employing a proof-of-stake mechanism.
Bitcoin is the initial cryptocurrency, produced in 2009 by a group known as Satoshi Nakamoto. It is the king among all cryptocurrencies, presiding over the entire crypto market.
Bitcoin, like most cryptocurrencies, is based on a blockchain, which would be a decentralized network of multiple computers that confirms transactions instantaneously without the use of intermediaries. It is the cryptocurrency of choice for all crypto investors, making it one of the longest investments in 2022.
When considering the new crypto betting in 2022, a lot of projects that offer a hedge against bearish markets should be considered.
Even so, when Bitcoin falls, it tends to drag down the border marketplace with it. Besides that, several digital assets, including Terra and its intrinsic LUNA token, have a history of outperforming bearish markets.