Cryptocurrencies have become an alternative to fiat currencies in the 20th century. From Ethereum, and Bitcoin, to tokens, there are thousands of cryptocurrencies you can have in your wallet and do business with easily.
These cryptocurrencies allow easy and more transparent transactions which will be beneficial to all. If you are in a dilemma about which cryptocurrency to have in your wallet, here are the best cryptocurrencies to choose from.
About Cryptocurrency
Cryptocurrencies are digital assets that don’t have a centralized authority such as other financial institutions. These cryptocurrencies were created to serve as a viable alternative to traditional currencies and help bridge the gaps. As of today, there are about 20.00p cryptocurrencies worth about $970 billion.
The best cryptocurrencies in 2022
Here are the top cryptocurrencies to have in your wallet today:
Bitcoin
Bitcoin (BTC) has a market cap of about $380 billion and was created by Nakamoto. This is a cryptocurrency that runs on a ledger or blockchain and processes transactions across multiple computers.
Because of its stability, people are advised to buy btc from reliable sources to make profit in the future. Bitcoins have a high price and as of October 11, 2022, a single bitcoin sells for $19,532.
Ethereum
Ethereum (ETH) is another popular crypto that has a market cap of $167 billion. This is loved among tech people and developers because it has great features. You will find smart contracts which can help executives when the right conditions are met. Also, you can use these crypto coins to purchase non-fungible tokens (NFTs) easily.
Moreover, in recent times, Ethereum has grown exponentially and sells for around $1,300 today.
Tether
Tether (USDT) is another form of cryptocurrency you can have in your wallet because it’s very stable. This crypto coin is backed by US dollars and euros. While many expect the tether to be stable because of the currency exchange which backs it, it doesn’t work like that. Many foreign investors love this crypto, however, it’s prone to volatility.
Binance
Binance (BNB) is a cryptocurrency that you can use to pay for transactions and other fees online. This is one of the largest crypto coins in the world. Binance was launched in 2018 and has expanded greatly. You can use the BNB to trade and also exchange it for either BTC or ETH. When it was mined, it started at $0:10 and by October 2022, it is now around $278 in value.
XRP
The XRP crypto coin was launched by the founders of Ripples, a tech firm. This coin can be used to promote exchanges of several currencies which includes traditional money. Presently, it has a market cap of $25 billion and is sold at a rate of $0:48.
Dogecoin
Dogecoin (DOGE) with a market cap of $9 billion started as a joke. However, with serious campaigns and support, it has grown to be one of the best cryptocurrencies you can use to trade. Unlike other coins, DOGE doesn’t have a cap on the number of coins that can be mined. This has left this currency prone to devaluation. It started at $0.0002 but is now valued at $0:07.
When considering the best cryptocurrencies you can have in your wallet, the above-mentioned coins are top of the bunch. They are stable and have many investors backing them.
