If you’re interested in making an initial cryptocurrency investment, you may be asking which coin has the most growth potential and highest return on investment. In 2022, bitcoin could be the obvious pick, but it’s not always the best one. You may have greater luck with a lesser-known coin that hasn’t been artificially inflated by large investors as bitcoin has.
However, many cryptocurrency investors persist in hoping to capitalize on the market’s next upswing with the usage of the-bitcode-prime-app.com. Read on to find out which 3 of the best crypto to invest in that have the most potential for rapid growth.
1. Ethereum (ETH)
Ethereum, or “ether,” is the second most crucial cryptocurrency and best crypto to invest in, and It briefly outsold bitcoin in terms of value. As of October 6th, 2018, the total number of ether in circulation has been reduced from 122.68 million thanks to an update implemented last year. The improvement boosts Ethereum’s scalability, transaction speed, and transaction fees.
Unlike bitcoin, which is limited to 21 million coins, Ethereum is widely accepted by businesses and governments. However, Ethereum is not just a currency., unlike bitcoin. It also provides the backbone for an app ecosystem. Ethereum is the backbone of the decentralized financial system and the platform on which other cryptocurrencies are issued.
Axie Infinity, Star Atlas, and The Sandbox employ Ethereum, as do most NFTs. In September, Ethereum switched to Web3-ready proof-of-stake, reducing energy consumption by 99.95% and improving security and scalability. In the opinion of some market watchers, the current low price represents a favorable buying chance for investors who have been patiently waiting for the proper time to dip their toes into the cryptocurrency market. Even if you bought the coin at a high price, you could still profit from dollar-cost averaging by holding onto it.
2. Binance Coin (BNB)
Trading volume-wise, Binance is the most significant cryptocurrency exchange and the best crypto to invest in. The entire number of Binance tokens is set at 200,000,000, the same as Bitcoin’s, and there are currently 161,337,261. This contributed greatly to 2021’s exponential token price growth. The company claims to have burnt across over 38.5 million BNB coins and plans to use approximately half of the total supply in the future.
Since Binance uses two separate blockchains, it is less likely to experience the kinds of congestion that Ethereum does. Seeking Alpha reports that Binance is working on making the network more regulator-friendly, which could be essential to the platform’s long-term success and wider acceptance.
The platform is quick and scalable, and it already has a good reputation among cryptocurrency traders. Meanwhile, as reported by CoinMarketCap, Binance has just released Bifinity, a paper currency payment network that will assist businesses in becoming ready to accept crypto certificates as payments. There are over fifty different cryptocurrencies and significant payment systems (Visa, Mastercard, etc.) that are all supported by the payment processing platform.
BNB’s performance last year was better than that of bitcoin and Ethereum, and it looks like it will repeat that feat this year. With Binance setting up shop in Paris, Europe, the timing may be right for Binance coin to take off
3. Tether (USDT)
Tether is a “stablecoin,” a cryptocurrency pegged to an asset like gold or silver that aims to reduce bitcoin’s volatility. U.S. dollars are used as the underlying asset for tether. Tether is less unpredictable than other cryptocurrencies because its value is always pegged to the dollar (the important word here being “usually”).
Tether hit a 2018 low of $0.9455 in May before recovering to its normal pricing range of around 99 cents. Investors, fearing that tether might fall like another stablecoin, terra, rushed to buy into bitcoin and other currencies now selling at what some view to be substantial discounts after the price dip, even though analysts vary on whether the decrease constituted a true “de-pegging” from the dollar.
Tether has the third-largest market cap among all coins, at $68.22 billion. It’s also the most liquid stablecoin, meaning investors in cryptocurrencies use it to store or deal with funds that aren’t as volatile as bitcoin, ether, or other non-stable coins. Additionally, you may lend it out to crypto platforms in exchange for interest rates in the double-digit percentage range per year, without having to fret about your returns being wiped out by market volatility.
As A Result
Before picking the next major cryptocurrency or best crypto to invest in, it is beneficial to comprehend why so many traders are interested in it. Market capitalization and pricing are two indicators of the next big cryptocurrency. Market cap and the-bitcode-prime-app.com shows network investment. An asset with a larger market cap is safer, but it also has less room for future growth. Keep an eye on the price to learn about the mood of investors.