London, UK, Binary News Network, Since the crypto market has been growing fast, most cryptocurrencies show a growth rate. The cryptocurrency is becoming a mainstream investment in 2022. Since people are still asking this question, “What is the next best cryptocurrency to invest in 2022?” Victoria-Coins broker, Phillip Houston, came up with what you need to know about the future of digital currencies.
Since the market is growing exponentially, investors with a small budget can also invest in cryptocurrencies and make a good amount of money. If you wonder what the next best cryptocurrency to invest in 2022 is, stay tuned as we discuss which cryptocurrency will rise.
Let’s start with The Best Cryptocurrency to Invest In 2022
Dash is an open-source, peer-to-peer (P2P) cryptocurrency that Evan Duffield created in 2014, which has seen massive growth since its launch. The currency was launched on the 18th of January 2014 with zero premine coins, and its transaction fee of around $0.10 makes it one of the most affordable digital currencies to invest in.
Unlike most cryptocurrencies, Dash has a self-funding and self-governing model which its investors influence, and they have even earmarked 1% of the total coin supply for budget proposals. Dash is also known for its instant transfers with its Instant Send feature and can confirm transactions within seconds, making it one of the fastest cryptocurrencies to invest in. Dash has also implemented a lock reward system which lowers the inflation rate by 1% every year.
At the time of writing, Dash is currently $41.71 with a market cap of $53.53B and is one of the best cryptocurrencies to invest in 2022. The lowest transaction fee makes it one of the best cryptocurrencies to invest in. Its two-tier network, which adds additional security, anonymity & governance, makes it stand out from other cryptocurrencies.
– IOTA (MIOTA)
IOTA is another cryptocurrency launched on 7th June 2017, and it has seen massive growth since then. The currency aims to establish itself as the fuel for efficient machine-to-machine (M2M) transactions and is becoming more popular on the Internet of Things market. Unlike most cryptocurrencies, IOTA does not utilize blockchain technology but rather tackles scalability and transaction fees issues with its very own Tangle Network.
IOTA is free from any transaction fees, and they even claim that it is 100% decentralized with no miners involved, making it a secure cryptocurrency to invest in. IOTA has gone through various significant milestones, from being traded at below $0.1 until it hit an all-time high of $5 in December 2017. When writing, MIOTA stands at $1.43 and is the best cryptocurrency to invest in 2022.
EOS is a blockchain-based, decentralized operating system that provides accounts, authentication, databases, and the scheduling of applications across multiple CPU cores and/or clusters to create a Blockchain architecture for vertical and horizontal scaling of decentralized apps. This makes it one of the best cryptocurrencies to invest in in 2022.
EOS has the fastest transaction speed compared to other coins and is capable of handling millions of transactions per second, making it a great cryptocurrency for developers. It also provides flexibility as it allows users to freeze or fix broken applications & supports multiple currencies at the same time preventing its value from dropping. At the time of writing, EOS is currently trading at $3.24 with a market cap of $10.73 Billion and is one of the best cryptocurrencies to invest in 2022.
IoT chain is another blockchain-based technology designed to solve issues related to security, authentication & data sharing within the Internet of Things market as it operates on a decentralized system.
– IoT Chain (ITC)
IoT Chain (ITC) comprises two parts, the main chain & the master node, which increases its efficiency & reliability by directly communicating with IoT sensors and other nodes on its network to confirm transactions. The ITC cryptocurrency has certain advantages over other blockchain-based technologies, including scalability powers and faster speeds than other cryptocurrencies, and its value depends solely on the amount of use. ITC is currently trading at $0.03713 with a market cap of $84 Million and is one of the best cryptocurrencies to invest in in 2022.
– Ethereum (ETH)
Ethereum has two parts, and one is the blockchain-based platform where developers can build Dapps & DAOs, and the other is Ether which is a cryptocurrency by itself.
Ethereum was designed to provide both the platform & the currency as it introduces innovative technologies such as smart contracts, DAOs, etc. Ethereum is currently trading at $3,919.24 with a market cap of $465.839B, and it is one of the most popular cryptocurrencies made for investing now.
Even though it is among the youngest cryptocurrencies, Stratis has seen tremendous growth since its release in 2016. Unlike other cryptos, Stratis doesn’t use the same blockchain technology but rather has a unique blockchain of their own written in C# programming language instead of using Ethereum’s platform, making it an important cryptocurrency to invest in. Strategy is currently trading at $1.56 with a market cap of $41.226M and is one of the best cryptocurrencies to invest in in 2022.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.