As the crypto world is growing, we are here to tell you which crypto is the best to invest in in 2022. There are now more cryptos to invest in than before, and often traders don’t know enough information on all currencies. In this article, you will discover the best crypto to invest in, in the UK in 2022.
Even if you’re a newbie in trading, there’s no doubt that you’ve heard about Bitcoin. The most popular cryptocurrency. It was bitcoin that helped the market grow because it was the original and first coin introduced.
Since breaking above the $50,000 price mark, several analysts have predicted that the coin would soon hit $100,000, making Bitcoin one of the top cryptocurrencies to invest in the UK in 2022.
Solana is often referred to as the Ethereum killer. It is a public blockchain platform that supports thousands of transactions per second. Compared to Ethereum, Solana’s number of transactions exceeds a lot.
While Solana was only introduced in 2020, it has surged by 12,000% in only a year. The Solana coin is the fifth-largest cryptocurrency and is only improving from here on out. If Ethereum is not for you, we see Solana as the next best crypto to invest in.
Future growth is with Binance Coin from the Binance exchange. Binance exchange is the largest crypto exchange out there. It allows its users to purchase and sell thousands of cryptos while also gaining access to platforms for crypto staking, loans, Defi apps, and other services. As the platform continues to grow, Binance Coin can only continue to grow.
Litecoin, the fifteenth largest crypto globally, is similar to bitcoin. There are, nevertheless, some differences. Litecoin, for example, has been built to be far faster than Bitcoin, with transactions occurring quicker. Litecoin is far less expensive than Bitcoin, with the current Litecoin price hovering at $226.00. Many cryptocurrency fans regard Bitcoin as gold and Litecoin as silver. If Bitcoin doesn’t seem right for you, then maybe Litecoin is the best crypto to invest in in 2022.
Chainlink is a coin that was built on the Ethereum network. It’s not a regular coin but acts as a bridge between blockchain and an off-chain source. Chainlink coins are often used in Defi applications because they transport data from off-chain sources to smart contracts. Chainlink is set to thrive as the world of decentralized finance is only growing, and it is already in great demand from investors. The coin is now the world’s 20th largest cryptocurrency and the 5th largest Defi coin.
The cryptocurrency for NFTs. Decentraland is a decentralized 3D virtual environment. Users of Decentraland can create, trade, and buy goods in the digital marketplace. The coin used in this marketplace is MANA. It has gone up in value by 700% since October 2021. Decentraland is only growing in popularity as we see the demand for digital real estate and NFTs.
Terra is a public blockchain that is the best cryptocurrency for Defi smart contracts. One coin used on the network is Terra, which is considered a stablecoin. They are known to be less volatile than the average cryptocurrency. LUNA is ranked as the second-largest Defi cryptocurrency.
Aave is another common Defi coin. It was once the number one Defi coin; however, for months, it has been on the lower end. Therefore, a breakout could be close, but you never know. Borrowers may receive funds instantly due to the design of the AAVE coin, while lenders can earn competitive rates of interest on their capital.
Another popular Defi currency is Uniswap. Uniswap enables borrowers to obtain funds quickly and without a credit check, allowing lenders to earn interest on capital lent out.
With Uniswap, you can trade various currencies built on the Ethereum network. As more institutions implement Defi technology and apps, the UNI currency is expected to thrive in the long run.
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