Cryptocurrencies are the most trending topic discussed all over the world.
Cryptocurrencies are gaining a lot of importance these days. Cryptocurrency is a kind of payment used to exchange products and services via the Internet. Cryptocurrencies are the most trending topic discussed all over the world these days. These currencies have always aimed to resist government exploitation and control, although this fundamental feature of the industry has been criticized as it has grown in popularity. Many major technology companies such as Apple, Google, Samsung, Facebook, PayPal and Deutsche Bank have recently included cryptocurrencies in their long-term strategic plans. THE cryptocurrency market prosperous with thousands of cryptocurrencies like Bitcoin, Ethereum and more. This article presents the top 10 cryptocurrencies to buy in January 2022.
The first-ever digital currency continues to top the crypto charts, although its dominance is waning slightly. A year ago, the market capitalization of Bitcoin was around $550 billion, which represented more than 60% of the total cryptocurrency market. Today, with a market capitalization of almost $1 trillion, Bitcoin only represents about 40% of the total market. It is one of the best cryptocurrencies to buy in January 2022.
As the second largest cryptocurrency, Ethereum has recently gained popularity. 2021 was a pivotal year for the network as it showed how useful its smart contract capabilities are in the real world with things like non-fungible tokens.
Solana is a public blockchain platform that achieves consensus using the proof-of-stake mechanism. Its internal cryptocurrency is SOL. Anyone who wanted to create decentralized applications (dApps) created them on the Ethereum network. It is one of the best cryptocurrencies to buy in January 2022.
Polkadot is one of the most popular cryptocurrencies on the market. One of the main differences between Polkadot and other coins is the low fees and higher speeds that the Polkadot network offers compared to other cryptocurrencies.
Tether is a second-layer cryptocurrency token built on top of the Bitcoin blockchain through the use of the Omni platform. It was later renamed USTether, and then, finally, USDT. It is one of the best cryptocurrencies to buy in January 2022.
After a while in the cryptocurrency market Cardano emerged, which has now become notable for adopting proof-of-stake validation. This transaction time method reduces energy consumption as well as environmental impacts thanks to the ease of problem solving of platforms such as Bitcoin. Cardano is also useful, like Ethereum, for enabling smart contracts and decentralized applications powered by ADA.
Binance Coin is a form of cryptocurrency used to trade and pay fees on Binance, one of the largest cryptocurrency exchanges in the world. The coin was launched in 2017 and used for commerce, payment processing or even travel booking. One can trade and exchange Binance Coin for other major cryptocurrencies. It is one of the best cryptocurrencies to buy in January 2022.
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer. They decided to create a payment system as a joke, making fun of wild speculation cryptocurrencies at the time. Despite its satirical nature, some consider it a legitimate investment prospect.
USD Coin is another stablecoin pegged to the US dollar. USDC has attempted to position itself as a more transparent project than Tether, but still faces questions such as how is the coin supported? It is one of the best cryptocurrencies to buy in January 2022.
Terra is a global digital payment system based on so-called algorithmic stablecoins. These are pegged to various fiat (traditional) currencies, such as the US Dollar or Euro, and the LUNA token is part of the mechanism that keeps prices stable.