In the current digital era, cryptocurrency trading is a popular investment alternative. However, it is very volatile, which makes it very dangerous. However, due to the massive growth expected, many other cryptocurrencies are also gaining investor interest. Below is a list of the most profitable cryptocurrencies with higher returns in 2022.
1. Bitcoin (BTC)
This should come as no surprise to even the most crypto-novice. Bitcoin is the great father of all cryptocurrencies. Surprisingly enough, Bitcoin is designed as a digital payment system to enable anonymous and fast payments using its eponymous cryptocurrency, Bitcoin. Today, despite presenting itself as the most volatile currency, Bitcoin remains one of the most popular cryptocurrencies, and it’s not hard to see why.
Throughout its history, Bitcoin has experienced some giant rises in value that you can imagine. For example, bitcoin holders had a joyful heyday in 2013, when the coin soared from $15 in January to $1,100 at the beginning of December.
The current value of Bitcoin is $55,020.80 per coin.
Ether is one of the popular cryptocurrencies launched in 2015. It has a market capitalization of $316 billion. Smart contracts using the Ethereum blockchain technology are used in decentralized mechanisms. Expensive, open source Ether, and the platform’s native cryptocurrency (ETH). It is the second largest cryptocurrency after Bitcoin and is widely used by Defi businesses. It’s a huge success.
Ripple was designed by its creator, Ripple Labs, as a digital payment network that would enable faster and more efficient global payments. The blockchain supports the cryptocurrency XRP, which reached an all-time high of over $3.84 about four years ago. Despite the rumors that it will end, it has become one of the most popular cryptocurrencies today. Ripple, like Ethereum, also allows other developers to develop additional applications for XRP.
XRP is currently valued at $0.95, with analysts predicting a sharp rally in January 2022.
Cardano stands out as the most popular cryptocurrency due to its flexible network and fast transactions. It was created by Charles Hoskinson who also co-founded Ethereum). The main selling characteristics are scalability, interoperability and sustainability. The ability to develop smart contracts on the Cardano network is finally included in the latest release. Cardano is also known to achieve her goals in a slow and steady manner.
This price hike is due to smart contracts. In this way, it helped the developers start working on applications, many new cryptocurrencies, and the DeFi space. This coin also features minimal transaction costs and a strong development team trying to decentralize the entire project. Smart contracts have enabled developers to exchange ideas and work on new applications, currencies, and even the DeFi sector. Cardano (ADA) stands at the current price of $1.57 per token.
Stellar is an open network that allows users to send, receive and trade any form of currency, be it dollars, bitcoins or other currencies like rubles and peso. The cryptocurrency associated with Stellar is called Lumens. Although it is not an expensive coin, it holds a lot of hope. As mentioned, Stellar allows you to trade any currency you want, but you will need some Lumen to make transactions. The current price of Lumen is $0.326 per coin.
There are always some steps you should take before investing in a volatile market like cryptocurrency, such as paying off high-interest loans and securing a small but reliable emergency fund. Not only that, but you should also pay attention to using a safe and reliable trading platform, such as Official Website . In this way, you can conduct more smooth business transactions, in the right, hassle-free way.