Another year has soon passed, and it is time to have a look at what cryptos have performed the best this year. It can be an indicator of what to invest in or help you set the plans for your next crypto year. Let’s have a look at the coins that overall had a great year in 2022.
It is without any surprise that Bitcoin is at the top of this list. It is the world’s most popular cryptocurrency and is also the most valuable one. Created in 2009 by Satoshi Nakamoto, it was also the first and original cryptocurrency that introduced the world to this amazing phenomenon and the use of Blockchain. The market cap of Bitcoin is over $846 billion. In March of 2022, we could see that Bitcoin had a growth of about 7,800% from May 2016, as a single Bitcoin was worth over $44,000 earlier this year.
Another crypto that is starting to become a household name is Ethereum. Its market cap is over $361 billion, and it has developed to be a favorite of program developers. This is due to its potential applications like smart contracts and the introduction of non-fungible tokens (NFTs). You can also decide to stake Ethereum, to contribute to the security of blockchain technology. If you are sat with the question “should I stake Ethereum?”, then it is a good idea to research what it is and how it is done first. Ethereum has seen incredible growth, increasing more than 27,000% in value from April 2016 to the beginning of March this year.
Next on the list is Tether. It is a more unknown coin, but crypto-interested people should definitely know about it. With a market cap of over $79 billion, it is definitely one to look out for. Tether is a stablecoin, meaning it is backed by fiat currencies. This hypothetically keeps the value equal to those. The stability of Tether is something that attracts many and distinguishes it from other, extremely volatile coins. It could therefore be a good alternative if you wish to start trading crypto.
With a market cap of over $68 billion, Binance Coin is in 4th place among top cryptocurrencies in 2022. It is a form of cryptocurrency that you can use to trade and pay fees on Binance, which is one of the largest crypto exchanges in the world. It first launched in 2017 and has evolved from strictly being a coin to paying fees. Now you can both pay with and trade Binance Coin. The latter could be a good option, considering the cryptocurrency has seen an increase of 410,000% from 2017 to March of this year.
There are several cryptocurrencies that could make great investment opportunities in the year to come. By having a look at former performances, you are able to make better calculations and informed guesses on what might be your next strategic purchase in the world of cryptocurrencies.
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