Cryptocurrency has been a worldwide trending topic these past few years, and this 2022 the trends regarding cryptocurrency and its activities and projects like investing, trading, NFT’s, payment method and other trends continue to gain more attention and participation. True enough, we are already living in the digital era, since now anyone has the capability and device to access the internet, which is used for a lot of things like the news, social media, communicating and even trading cryptocurrency.
Many individuals have shown interest and are actively participating in crypto trading and crypto projects. That is why this year, the cryptocurrency industry is expected to reach another milestone; nevertheless, its volatility is still something to consider. Especially that stricter regulations from different jurisdictions are expected for this year as well. Since there are already tens of thousands of types of cryptocurrency existing in the market right now, investors should analyse the best option for their investment. Being aware of the market as a whole will be helpful as well; that is why most investors opt to be connected with brokers from crypto trading platforms like Bitcoin Loophole, which is a popular crypto trading platform in the Philippines due to its good reputation.
Best cryptos to invest in this 2022
Bitcoin
The very first cryptocurrency to be launched was developed by the pseudonymous Satoshi Nakamoto way back in 2009. Since it was the first one on the market, it also made the house name for all the cryptocurrencies in the market. In its first few years, it only had a value of less than or equal to one dollar, but now it has a value of around $41,000 and a market capacity of almost $665 billion. As of now, it holds almost half of the market capacity of the crypto industry as a whole; that is why for some, the main goal in their crypto portfolio is to have Bitcoin in it.
Ethereum
This is both a cryptocurrency and a blockchain system, meaning Ethereum has its own blockchain network, in which Ethereum is imposing a smart contract on their transactions. That is why Ethereum is considered as the developers choice, and now Ethereum’s blockchain system can handle different crypto projects such as NFT’s and other digital assets. The tremendous growth is not surprising; it used to have a value of $11, it now has a value of $4,700 for a single Ethereum. This kind of asset is great for trading since it has a smart contract in its network, just like Bitcoin Loophole and most of the crypto trading platforms as well.
Tether
Tether is a type of stable coin cryptocurrency, meaning volatility cannot greatly affect Tether. This is because Tether is backed by fiat currencies like U.S. dollars, Yen or Euros, and its value is basically always equal to one of any of those denominations. Investors and crypto experts tend to invest in Tether to save their digital assets when extreme volatility hits.
Dogecoin
This crypto was considered as a meme coin at first since it was developed with no real purpose and to mock the current payment system. It was named after a Japanese dog together with its logo. Nevertheless, it still has an amazing blockchain technology resembling Bitcoin’s blockchain technology. Dogecoins are best known for its algorithm, which uses a scrypt, and its low prices with an unlimited supply. Its value was pumped when Elon Musk, the CEO of a multi-company, including electric cars, Tesla, tweeted about his support for the coin. Which now has a value approximately of $0.1554 and a market capacity of around $20 billion.
Is investing in cryptocurrency still worth it?
The cryptocurrency industry still has a lot of possibilities, especially this year a handful of crypto projects and digital assets had been springing out of nowhere. Nevertheless, if one is investing in cryptocurrency, they still have to consider the volatility and stricter regulations. Investors can still avoid loss with the right techniques and strategies. As the crypto industry has achieved milestones from last year, it is highly expected to happen again this year; that is why crypto experts advise individuals to invest as soon as possible for maximum profitability.