With nearly 14,000 different cryptocurrencies on the market (and this number continues to increase every day) as I write this guide and a market at more than $3 trillion (which is almost as much as the valuation of the CAC40 for all companies combined), I can understand that it is difficult, if not impossible, to know which cryptocurrencies to invest in 2022 while giving you the best chances not to make a mistake.
REMINDER: first of all, we must remind you (even if we hope you have been aware of it since the time we say it…) that investing in digital assets, also called cryptocurrencies or digital currencies, carries a risk of capital loss of up to 100%. That’s it, as it was done.
If you want to start cryptocurrency trading and become a crypto trader, you will find a lot of useful information here.
1. Bitcoin: the king of crypto!
Yes, I know I’m breaking an open door. Obviously, you don’t learn anything and you suspected it, but I told you, I have to be objective, so if we talk about cryptocurrencies and digital asset wallets, we can’t help but talk about bitcoin and as a result, we can’t fail to have Bitcoin in your wallet. 50K, 60K, 100K, 150K or 20K no matter. Bitcoin is the most incredible digital value reserve in the world.
2. ETH: before ETH 2.0
If you are lucky enough to be able to buy ETH before the release of ETH 2.0, then do not hesitate.
ETH 2.0 is the biggest and the most expected progress awaited by the entire cryptocurrency network. Ethereum’s teams, led by Vitalik Buterin, the founder, have been working to improve their blockchain for several years.
Today, the ERC20 blockchain (ether, therefore) is widely used, but it is still expensive in terms of fees, energy-consuming and limited in number of transactions (0.04 eth to USD).
3. ADA, DOT, SOL: the alternative trio
Perhaps I must remember that there is a real, operational and radically disruptive technology behind the dreams and fantasies that fuel the world of cryptocurrencies. Ether is its first ambassador.
But Eth has serious competitors who, too, want their share of the huge cake of the new value that is being created on the Internet 3.0. Among a large number of opponents, there are three leading ones:
- Cardano, with its cryptocurrency ADA
- Polkadot: with its crypto DOT
- Solana: SOL
Another cryptocurrency as monitored as it is strategic in the challenges of the decentralization of global finance, the Ripple, symbolized by the XRP sign. The XRP is so “fear” of central bank-type central bodies that the SEC has launched a real witch hunt to kill the Ripple symbolically.
Why? simply because Ripple technology is 100 times more efficient and cheaper than the tools and technologies currently used by banking sectors worldwide.
So obviously, this recommendation makes sense if you are part of the traders who use the Binance platform to exchange cryptocurrencies because if this is the case, you are very likely already know or even already have BNB. The BNB is the Binance Coin, the token of the Binance platform.
However, even if you do not use Binance to buy, sell or hold your cryptocurrencies, it is wise to hold them in your wallet. Indeed, the BNB is simply the third largest cryptocurrency in the world in terms of capitalization, just behind Eth and BTC (0.003 ETH to USD).
It’s simple: his course has increased from €24 to more than €400 in one year!! And I think it’s not over.