It’s been two years since Bitcoin reached its all-time high of $20,000. A lot has changed in the world of cryptocurrency since then. You’ve heard a lot about others such as Ethereum and Litecoin, but you don’t know which one to buy. This article will discuss what cryptocurrency you should buy in 2022. We will also provide a brief overview of the most popular cryptocurrencies on the market today found at https://www.okx.com/markets/prices.
1) Bitcoin (BTC)
Since Tesla CEO Elon Musk has become involved in the crypto world, Bitcoin has seen a resurgence in popularity. The King of Crypto is still the most popular and well-known cryptocurrency. It’s been around since 2009 and is currently trading at around $35,000. Despite its volatility, Bitcoin is still a good investment for those looking to get into the cryptocurrency market.
2) Ethereum (ETH)
Ethereum is the second most known cryptocurrency after Bitcoin. It was created in 2015 and is currently trading at around $2,446. Ethereum differs from Bitcoin since it allows smart contracts to be executed on its network. This makes it a preferred currency for businesses using blockchain technology. It is a suitable investment because of its potential to increase value in the future.
Solana is a new cryptocurrency that was created in 2019. It is a proof-of-stake cryptocurrency that uses state sharding to achieve scalability. This means that it can process up to 7,000 transactions per second, making it one of the fastest cryptocurrencies on the market today. Solana is a good investment for those looking for a high-performing cryptocurrency. SOL token demand is expected to grow as the network becomes more popular, especially with game developers.
4) Avalanche (AVAX)
Avalanche is another new cryptocurrency launched in 2020. It is a proof-of-work cryptocurrency that uses the Avalanche protocol to achieve scalability. This means that it can process up to 50,000 transactions per second, making it one of the fastest cryptocurrencies on the market today. Avalanche is a good choice for beginners because it is easy to mine and has a low entry barrier in terms of fees.
5) Yearn.finance (YFI)
Yearn.finance is a new cryptocurrency that was created in 2020. It is a decentralized financial platform that allows users to borrow and lend money. It is a good investment for those looking for a stable cryptocurrency that can grow in the future. Considering its fixed supply, Yearn.finance is a good investment for those looking to hold onto a cryptocurrency for the long term.
6) Polygon (POY)
Polygon is a new cryptocurrency using a decentralized social media platform that allows users to share and store data. It is a good investment for those looking for a social media platform that is censorship-resistant. Polygon is also a good investment for those looking for a new cryptocurrency with high growth potential. Polygon is currently trading at around $1.36. It can reach a value of $10 in the future. The technology behind Polygon is sound, and the team is dedicated to making it a success.