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Cryptocurrencies are a hot topic when it comes to trading, there always seems to be something negative surrounding these digital coins. Whether it be a large downturn in the market or a huge pump and dump. Whatever the scenario, one thing is for sure, crypto is the future. We have found the 3 Best Cryptocurrencies to Buy in 2022.
With the falling prices of cryptocurrencies, it is always an opportunity to buy and make money on the next bullish cycle – it may come around sooner than you think!
Warning: Cryptocurrencies are highly volatile, and your capital is at risk. All ideas in this article do not constitute financial advice and you should perform your research when looking to invest.
Binance Coin (BNB)
Binance coin is a very promising cryptocurrency that currently has the 5th biggest market cap out of all coins in the market. The price action of this coin is mainly down to the popularity of the crypto exchange Binance.
Inside the Binance ecosystem, the BNB coin is used by Binance users to pay transaction and trading fees on their platform. Being the largest exchange in the world, you can imagine the volume of BNB needed! Users are also able to stake their BNB coins on the Binance blockchain and can claim rewards. Like most cryptocurrencies, users can also trade their BNB coins for other cryptocurrencies on the Binance exchange and profit from its price movements.
BNB coin is down more than 40% since the start of 2022. Despite this, the future looks bright for BNB. The price predictions are well over its all-time high of $690 for the coming years. And with an influx of investment into cryptocurrencies, it’s hard not to see the potential that the BNB coin has.
Find out what investors think about BNB coin here!
Curve DAO Token (CRV)
The curve token is the native token for a decentralized exchange for stablecoins called Curve. It uses an automated market maker (AMM) to manage liquidity and it is one of several decentralized finance (DeFi) protocols. The curve software has one of the most efficient algorithms with the lowest fees of any decentralized exchange on Ethereum and has seen significant growth in recent years. Curve is an exceedingly popular platform in DeFi that promotes stability and avoids volatility on its platform.
The DAO token is designed to make it easy to swap between ERC-20 tokens, such as stablecoins and Ethereum-based Bitcoin tokens. Holding this coin also comes with other benefits. It gives holders the right to vote on changes to the network and it also allows holders of CRV to earn rewards.
There is huge future potential in this coin as more and more people seek to trade in an environment that is decentralized and one that ‘belongs to its users.
Find out what investors think about CRV Token here!
Ethereum (ETH)
If there’s one cryptocurrency you already know about it is most likely Bitcoin or Ethereum. Ethereum is one of the best know cryptocurrencies in the world and, with the 2nd largest market capitalization, it must make it on this list.
Ethereum is a decentralized platform launched in 2015 and led by co-founder Vitalik Buterin. It is hugely popular and is seen as one of the most important developments in cryptocurrency, with Bloomberg calling it “the hottest platform in the world of cryptocurrencies and blockchains”.
Ethereum was the first blockchain to use smart contracts which allows the creation of projects such as the creating and selling of Non-Fungible Tokens (NFTs). With numerous new developments in the crypto space, ETH will be the backbone of these projects and it will continue to improve.
With projects like Ethereum layer 2 scaling (which increases ETH transaction speeds, allows more transactions, and lowers fees), it is clear that ETH is evolving for the future and getting ready for its next leap in becoming the number one cryptocurrency.
Find out what investors think about ETH here!
Conclusion
Cryptocurrencies are continuously evolving in the year 2022 and will continue to do so for decades to come. There are always opportunities to invest in the right coin and make A LOT of money.
We are seeing an increase in the number of cryptocurrency projects that rely on the Ethereum network which will continue to push up the price of ETH and present many investing opportunities. The increasing interest surrounding NFTs, and other projects (such as NFT gaming) will lead to some big moves in the markets this year.
Whilst we never know for certain what the market will do, we believe that these are the 3 best cryptocurrencies to buy in 2022 that can make you rich in years to come. The developments of Curve, Ethereum and Binance Coin will pave the way for the future of cryptocurrencies
