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Even though the cryptocurrency market has been extremely volatile, many people still want to explore the decentralized financial system. It is risky, and you may lose all or see your value drop by 90% in a matter of hours. There are also overnight millionaires. In a nutshell cryptocurrencies can be interesting.

top cryptocurrency adds more speculation to the financial market than the ordinary dollars, rupees and pounds. The stock market and other national currencies have been threatened since Bitcoin’s 2009 debut. Digital tokens can be used daily as a trading platform and a way to double or triple your investment. In the next few days, other factors such as institutional adoption and set regulations will likely push cryptocurrencies’ prices up to new heights.

For now, the top cryptocurrencies such as Bitcoin have been hit hard. However, this doesn’t stop many investors from taking their initiative. Many investors still depend on the most promising cryptocurrency to increase their investment. Analytics Insight has highlighted the 10 most promising cryptocurrencies investors should purchase and keep in 2022 to reap amazing benefits.

The Top 10 Most Promising Blockchain Currencies for 2022

Bitcoin

Bitcoin was the first blockchain-based currency to be launched on the market in 2009. This digital currency is the most popular and has held its position for over a decade. Although there have been many altcoins that have appeared in recent years, BTC remains the dominant digital token. Bitcoin is also the best choice for institutional investors looking to get into cryptocurrencies. In November 2021, it reached a record of US$69,000

Ethereum

Ethereum is the silver, while Bitcoin is the ‘Golden’ cryptocurrency market. ETH is the second-largest cryptocurrency token in terms of market capitalization. It has seen an exponential growth rate in recent years. Ethereum is not the first altcoin to emerge from the cryptocurrency circle. However, it often follows the same pattern as Bitcoin in its growth. It was only last November that it broke out of BTC’s cocoon. Ethereum grew at a record pace and hit a record high in 2016 of US$4,8000. The Ethereum platform is a great investment option because it houses decentralized applications, NFTs and smart contracts.

Solana

Solana, a top cryptocurrency, has the potential to grow over the next months of 2022. Its underlying blockchain network, similar to Ethereum, allows developers to create and host DApps. Solana plans to choose the Proof of Stake mechanism, which will make the platform more energy efficient and allow for faster transaction speeds.

Cardano

Cardano was founded by engineers, mathematicians and cryptography specialists. Charles Hoskinson was one of the original five founding members of Ethereum. He left the network following a dispute. Cardano, which aims to be the world’s financial operating systems, is using services to facilitate chain interoperability and voter fraud as well as legal contract tracing. The cryptocurrency ADA, which is also performing well, is another example of Cardano’s success.

Dogecoin

Dogecoin’s launch was in 2013. However, its price skyrocketed in 2021. DOGE, the first memecoin with a Shiba Inu image on it, was launched in 2013. Dogecoin was inspired by the Shiba Inu meme, which went viral on the internet at that time. Famous people such as Elon Musk and Mark Cuban have become huge Doge fans over the years.

Polkadot

Polkadot, a blockchain network, is also working on interoperability protocol. It allows parallel transactions and connects multiple chains in one network. Its top cryptocurrency, the DOT, is used to connect with parachains and for governance.

Ripple

Ripple Company’s motto is to enable digital scaling across the globe and lower transaction costs for cross-border funds transfer. RippleNet launched XRP, their digital currency, in the cryptocurrency sphere to fulfill this mission. Experts believe that XRP and its tactic could rise to new heights in the future. However, currency and the XRP token are embroiled in a legal case with SEC.

Tether

Tether, a stablecoin that is pegged to US dollars, is called. Tether combines the advantages of cryptocurrency and the stability of a government-issued currency. Tether is still the most trusted source of investment, despite the existence of many stablecoins. Tether is the preferred choice for investors looking for stability in the cryptocurrency market.

Binance Coin

Binance Coin, despite its incontinence among mainstream investors is the third largest cryptocurrency on the market. Binance Smart Chain’s native currency is BNB. Binance Smartchain is a well-known blockchain that also serves as the largest Bitcoin and altcoin cryptocurrency trading platforms.

Shiba Inu

Shiba Inu has seen a lot of popularity since 2021. It is also seeing growth in 2022. Recent speculations about Robinhood enlistment spurred the memecoin’s rise to 30%. It briefly overtook Dogecoin last year and was also in the top 10 list. SHIB is currently waiting for a price rally.