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Four cryptocurrencies to buy for better gains in 2022

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21 December 2021   |   9:42 pm
A few years ago, if you had told someone they could make money by buying and selling cryptocurrencies, they would have called you crazy. But with the rise in popularity of Bitcoin and other digital currencies, this has become a reality for many people.  While risk is always involved when investing in any asset, purchasing…

A few years ago, if you had told someone they could make money by buying and selling cryptocurrencies, they would have called you crazy. But with the rise in popularity of Bitcoin and other digital currencies, this has become a reality for many people. 

While risk is always involved when investing in any asset, purchasing cryptocurrencies could lead to better gains than simply holding traditional investments like stocks or bonds. If you’re thinking of diving into the world of digital currencies, here are a few that you may want to consider buying today for massive gains in 2022.

Bitcoin
Bitcoin is the most popular cryptocurrency, and the list of the top cryptocurrencies to buy is incomplete without Bitcoin. It was created in 2009 by Satoshi Nakamoto, a pseudonym for an anonymous person or group of people who designed it as open-source software. Bitcoin has no central authority and relies on proof of work to create new coins and validate transactions via mining. 

The first Bitcoin specification and proof of concept were published in 2008 through the Cryptography Mailing list, but there were no Bitcoin users until the Bitcoin founder Satoshi Nakamoto mined the first 50 Bitcoins using an early version of the Bitcoin miner program. 

Cardano
Next on the list of the top cryptocurrencies to buy is Cardano. Cardano is a decentralized and public blockchain cryptocurrency project that was created by Charles Hoskinson. Cardano aims to be the first blockchain platform to evolve out of scientific philosophy and uses Haskell, a programming language with safety features so programmers can write more secure code.

Cardano’s goal is to create a complex system that allows for regulation for it to become an integrated part of society. Cardano wants its ecosystem to provide services such as banking, payments, and asset trading on top of decentralizing information from companies or governments with data integrity issues and is looking to skyrocket in the coming years in terms of value.

Ethereum
Ethereum was originally conceived in 2013 by a young programmer named Vitalik Buterin, but it wasn’t until 2016 that the coin began to make its ascent. Ethereum is one of the most popular digital currencies on today’s market and has an impressive list of investors that includes some well-known names like JPMorgan Chase, Microsoft, and Intel. The cryptocurrency employs a blockchain technology that allows for smart contracts with no downtime or interference from third parties- meaning you could get paid without having to go through any intermediary companies.

When you invest in Ethereum, your money goes into four different types of assets: Ether tokens (ETH), tokens sold during ICOs (ERC20), ERC721 collectibles such as CryptoKitties™, and ETH shares.

XRP
It is no secret that the world of cryptocurrency is booming. With Bitcoin and Ethereum consistently hitting new highs, it seems like only a matter of time until other currencies experience similar success. Among the many options for potential investment, Ripple’s XRP token is one to watch. 

Here are just a few reasons why XRP might be the ideal investment opportunity for you as we step into 2022: 

  1. XRP has a low inflation rate, with a fixed maximum amount of 100 billion tokens. This means that its value is likely to continue to increase as demand outpaces supply.
  2. XRP transactions are incredibly fast and cheap, allowing for quick and easy transfers between parties. 

Final Word
The cryptocurrency trading industry has exploded over the past few years, with many people seeing massive gains. That said, it’s important to do your research and find a coin that you feel confident in before investing any money into it. If you want to trade cryptocurrencies, join 1k daily profit today for free training on making smart trades based on charts and indicators.