The success of cryptocurrencies has looked bright over the past year. Many investors put their money into these digital coins, which have experienced ups and downs in the previous months. Regardless if the market is bullish or bearish, risk-takers gamble bucks in hopes of gaining high profit out of them.
This time, we will tackle the top five cryptocurrencies that Redditors want to keep an eye on for 2022 and beyond. To get started, here's the list that you need to check right now.
What Cryptos Do Redditors Prefer to Buy in 2022
Thinking of investing in cryptocurrencies in 2022? Here's a list of digital coins that Redditors prefer to buy this year and beyond.
Solana
According to a report from Insider Monkey, Solana is the first cryptocurrency that you need to watch out for this year. This digital currency is often seen to be a competitor to the popular Ethereum.
In the Solana blockchain, the Solana coin is the official coin for transactions. Apart from that, it features low-cost and high-transfer speeds compared to its counterparts.
On top of that, this cryptocurrency is expanding its projects for cryptos and digital spaces such as Web3, NFTs, and DeFi (decentralized finance).
For Redditors, Solana has been growing as a staple investment that everyone should see once in a while. With the growth of NFTs and DeFi apps, it's no wonder that its value will just continue to increase after a short time.
Related Article: Top Crypto Drops Dangerously Low to 15 on Fear and Greed Index | Market in a State of Extreme Fear at $42,868
Ripple
Ripple network features cheap payment options for users, especially through its trusted blockchain network. Launched in 2012, Ripple has been making waves in the crypto world along with Bitcoin and Ethereum.
At the moment, it now holds a market capitalization that exceeds $40 billion in valuation. Even amid the COVID-19 pandemic, Ripple exhibits good progress on its accelerating value.
Redditors love Ripple because it is capable of handling multiple transactions at a faster rate. In just seconds, it could manage huge payments and it only charges a fee as low as 0.00001 Ripple.
Binance Coin
Another crypto that Redditors often explore is the Binance Coin, a lowkey substitute investment for ETH and BTC. Blockchain fans know that the world's largest crypto exchange has something to offer. This is where its official coin enters the market.
Last year, Binance Coin managed to pull out a 1,300% increase in its performance. At that period, it even surpassed both Ethereum and Bitcoin, which held 408% and 65% growth, respectively.
This 2022, this cryptocurrency will only keep up with its pace with other coins despite the recent market crash.
Ethereum
Analysts have predicted that ETH could actually outperform Bitcoin in terms of price over the past months. Since it has faster transaction speeds and less power consumption, Ethereum remains to be a hot pick among investors, including the Redditors.
We could see that the Ethereum network will be dominant in 2022. It will only take a matter of time until it returns to the zenith of the cryptocurrency world.
Bitcoin
The list will not be complete if there's no Bitcoin on it. The world's largest cryptocurrency is still sitting on the number one among Redditor investors. Amid issues regarding its mining mechanisms, it is still a popular investment among many people.
Buying Bitcoin ahead of 2023 will be a huge advantage for users who want to reap high crypto interests. In general, this crypto boasts a lot of advantages compared to the other coins.
Some believed that this could salvage inflation and has a bigger value than gold.
Meanwhile, Forbes included the following in the top 10 cryptocurrencies for January 2022.
- Tether
- Cardano
- US Dollar Coin
- Terra
- Polkadot
Last year, Tech Times toured us to five leading health-based cryptocurrencies. The article wrote their updated value and how they work.
Elsewhere, you can check the best tech stocks that you can purchase amid the Omicron variant surge.
Read Also: 'Shark Tank' Investor Kevin O'Leary Believes NFT Will Surpass Largest Cryptocurrency in the Long Run
This article is owned by Tech Times
Written by Joseph Henry
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