The Best Cryptocurrencies to Invest this 2022
Guess by now you have already done your homework about the basics of cryptocurrency. However, you’re still not certain as to which of these cryptocurrencies to invest in. So, the next thing for you to find out is which among them are good to invest in. Therefore, you have to know the liquidity, volatility, as well as the reason that makes a specific cryptocurrency a good investment.
Bitcoin
If you’re a beginner in the world of cryptocurrency investing, choose Bitcoin. It has the highest liquidity among all types of cryptocurrencies. You will certainly have no problem selling or buying Bitcoin. You can be assured that there will always be something or someone who can match your order.
Besides, Bitcoin is also the only cryptocurrency that you won’t have to worry much about in terms of volatility. It remains the most stable cryptocurrency, which means someone looking to manipulate the price of Bitcoin would need a significantly huge amount of capital for him to be able to do that.
What makes Bitcoin a good investment is the fact that when it comes to market cap, it accounts for more than 60 per cent of it. And such a level of dominance also gives Bitcoin a big momentum. So, whether you’re a novice in this cryptocurrency world or someone who is into trading via the Bitcoin Era platform, Bitcoin is the way to go.
Litecoin
Litecoin has always been very liquid ever since it was released into the cryptocurrency market. It is among the very few cryptocurrencies that have high levels of liquidity in addition to its large market cap. When it comes to the reliability of a hold, Litecoin is better compared to other cryptocurrencies that only possess a smaller market cap within a smaller community. Litecoin is another good cryptocurrency to look at for someone who is planning to take a dive into investing or trading it via bitcoinera.io. In fact, Litecoin is considered by many experts to be the silver to gold, which in this case the Bitcoin.
Litecoin has a large market cap considering that it is among the original altcoins to ever exist in the cryptocurrency market. It is cheaper than Bitcoin and works faster, with better utility as well. The utility and longevity of Litecoin make it deserving of its spot as among the best cryptocurrencies these days.
Binance
Another cryptocurrency that has a high level of liquidity nowadays is Binance Coin. This comes as no surprise, knowing that Binance Coin always gets a good ranking in Coinmarketcap these days. This occurs as its growing trade volume and stability ensure it stays among the top-ranking cryptocurrencies.
This consistent growth that Binance coin has been receiving developed an impression among crypto experts that it is also a cryptocurrency with impressive stability, among others. From the year 2019, its value has multiplied by as much as three times its original price. Therefore, Binance Coin should be among the top-ranking cryptocurrencies today.
What makes Binance Coin a good investment is its ability to be utilised in many use cases, specifically for BNB tokens. Not to mention that new use cases are being added to them on a regular basis. And such increases the possibility that the demand for this token will continue to rise along with its price.
Ethereum
This list would not be complete without Ethereum, which is a cryptocurrency that is also considered to be highly liquid. Therefore, anyone who decides to invest in Ethereum will not have difficulty selling or buying it. This cryptocurrency also has a loyal team and a large community of patronisers which help ensure that its value not only remains stable but will also have greater chances of increasing in the near future.
Another reason why Ethereum is worth investing in is its capability to perform smart contracts. Ethereum is also considered the hottest cryptocurrency today because of the many contributions it has made to the world of digital currencies.
Investing in cryptocurrency may entail a lot of risks. For those who are not well-equipped with knowledge about this, cryptocurrency investing can be quite tricky. The secret is to arm yourself with information and eventually work your way towards becoming a knowledgeable investor.
