Cryptocurrency

What Crypto currency Should I Invest In? 8 Coins To Keep An Eye On.

Crypto currencies are all the rage right now. If you’re like me, you’re probably wondering if you should invest in them. The answer is: it depends.

Crypto currencies are a high-risk investment, so only invest money you can afford to lose. With that being said, here are 8 coins to keep an eye on: At a Glance, Bitcoin, Ethereum, Binance Coin, Cardano, Polygon, Solana,  Avalanche, and Chainlink.


8 Top Cryptocurrencies To Invest In for 2022

Crypto currency is electronic money that is not controlled by a central authority such as the government. Rather, it is based on blockchain technology, with bitcoin being the most widely used. More options are becoming available as digital money gains traction on Wall Street. On the market right now, there are nearly 8,900 crypto currencies. Here is the list of of the top 

Cryptocurrencies To Invest In for 2022

Bitcoin (BTC)

Bitcoin has the longest history of any cryptocurrency. With a price and market size far larger than any other crypto investment option, it’s clear to see why it’s the leader.

Bitcoin is already accepted by a large number of businesses, making it a wise investment. Bitcoin is accepted by Visa, for example. Furthermore, Tesla stated in February 2021 that it had spent $1.5 billion in it, and the business accepted it as payment for its cars for a period — and it may do so again if mining becomes more ecologically friendly. In addition, major banks are starting to include bitcoin transactions in their services.

Investing in Bitcoin Comes With Risks

Bitcoin’s price is notoriously volatile. During any given month, the price could fluctuate by tens of thousands of dollars. If you’re worried about wild price swings like these, you should stay away from bitcoin. Otherwise, these fluctuations shouldn’t be too concerning as long as you keep in mind that cryptocurrency could be a good long-term investment.

The price of bitcoin is another reason to think twice about investing. Most people can’t afford to buy whole bitcoins because a single bitcoin costs nearly $40,000. This is a disadvantage for investors who do not want to purchase a fraction of a bitcoin.


Ethereum (ETH)

Ethereum differs from bitcoin in that it isn’t just a digital currency. It’s also a network that allows developers to use the network to create their own cryptocurrency. While ethereum is far behind bitcoin in terms of value, it is also far ahead of its rivals.

Despite the fact that it was released years after some other cryptocurrencies, it has far outpaced its market position due to its unique technology, and it is now the second-largest cryptocurrency behind bitcoin.

Binance Coin (BNB)

Binance coin took off at the start of 2021, surging from around $38 on January 1 to an all-time high of $683 in May, after years of relatively stable prices, at least by cryptocurrency standards. It has since dropped to $382.91 as of March 8.

Binance coin has proven to be one of the more stable investment options due to its performance. According to CoinMarketCap, Binance is the world’s largest cryptocurrency exchange, but despite its extensive functionality and success in Binance sub-projects, Binance coin remains a highly volatile investment.

Investing in Binance Coin Comes With Risks

The fact that Binance Coin was created by a company rather than a group of tech developers sets it apart from its competitors. Despite the fact that Binance Coin’s commitment to maintaining a strong blockchain has won over many sceptics, some investors are still wary of the cryptocurrency’s potential security issues.

Cardano (ADA)

For several reasons, the Cardano network has a smaller footprint, which appeals to investors. On Cardano, completing a transaction takes less energy than on a larger network like Bitcoin. As a result, transactions are both faster and less expensive. Last year, Cardano released a “hard fork,” a software upgrade that adds new features, such as the ability to deploy smart contracts.

Cardano also claims to be more adaptable and secure than other cryptocurrencies. To stay ahead of hackers, it constantly improves its development.

Risks of Investing In Cardano

Cardano may not be able to compete with larger cryptocurrencies even with a better network. Fewer developers means fewer adopters. Most investors want to see a high adoption rate, so this isn’t appealing to them. The platform has big ambitions, but there are concerns about whether it will be able to realise them.

Polygon (MATIC)

Polygon was created by a group of developers who contributed significantly to the Ethereum blockchain platform. According to CoinMarketCap, Polygon is intended for Ethereum scaling and infrastructure development. It expands Ethereum into a multi-chain system as a “layer two” solution, allowing for faster transaction and verification speeds.

Binance and Coinbase, two cryptocurrency exchanges, have backed Polygon. MATIC, the company’s token, is used for payment services, transaction fees, and settlement.

Investing in Polygon Comes With Risks

Polygon revealed late last year that it had patched a vulnerability that put about $20 million worth of its coins at risk, according to CoinDesk. A hacker discovered the flaw and alerted Polygon, which implemented a fix within two days. Black-hat hackers, on the other hand, had already stolen over 800,000 tokens.


Solana (SOL)

Solana has taken the crypto world by storm, rising from 0.01 percent of the market in 2021 to a top 10 cryptocurrency by market cap by September 2021, giving ethereum a run for its money. According to CoinMarketCap, solana is ranked ninth in terms of market cap as of March 2022, with a value of $26.4 billion. According to Decrypt, its appeal stems from the network’s speed and scalability, as well as the ease with which it can be used to create decentralised apps that run on a blockchain.

Risks of Investing In Solana

Solana has seen a nearly 4,000 percent increase in value in the last year, and prices could fall as quickly as they rose. Because Solana suffered a nearly day-long outage due to “resource exhaustion,” according to Bloomberg, as reported by CNBC, reliability could be an issue.

Avalanche (AVAX)

According to CoinMarketCap, Avalanche is a new “layer one” blockchain — a blockchain that improves the base protocol to make the system more scalable — founded as an Ethereum competitor by Ava Labs and computer scientists at Cornell University, one of whom, professor Emin Gun Sirer, is a cryptographic research veteran. Unlike Ethereum, where all nodes must approve each transaction, Avalanche’s three blockchains can approve transactions independently. This improves Avalanche’s scalability and ability to handle high transaction volumes — up to 6,500 per second. As a result, according to U.S. News, it’s becoming more popular among Ethereum projects.

AVAX began trading in a 24-hour initial coin offering (ICO) in 2020. Its price has ranged from $9.34 to $146.22 in the last year. The price of the coin is currently $74.20.


Investing in Avalanche Risks

In 2018, Sirer published a white paper introducing the cryptocurrency. It was launched in the year 2020. Because avalanche has such a short history, it lacks a track record to compare it to, making it a riskier investment for potential buyers.


Chainlink (LINK)

According to CoinMarketCap, Chainlink uses a decentralised oracle network to enable secure interactions between blockchains and external data feeds, events, and payment methods, with the developers hoping that smart contracts will become the dominant form of digital payment.

According to Benzinga, one thing working in Chainlink’s favour is a strategic partnership with Google, which uses Chainlink’s protocol to connect users to its cloud services. According to Securities.io, the project’s advisors include former Alphabet Chairman Eric Schmidt, DocuSign co-founder Tom Gonser, and former LinkedIn CEO Jeff Weiner.


Risks of Investing In Chainlink

Despite its demonstrated utility and widespread support, chainlink has been subjected to the same level of volatility as other cryptocurrencies. Its value has fallen from around $52 in May 2021 to just over $13 in March.


Final Take

Cryptocurrencies are here to stay, there’s no doubt about that. The question then becomes, where is the best place in the market to invest your money?
Here are some other things to consider as you decide which cryptocurrency is the best investment for you:

  • The time it takes for a transaction to be completed.
  • Transaction fees are the costs associated with completing a transaction.
  • The ability to make regular purchases and bank transfers with your cryptocurrency

If you’re only interested in investing and not transacting on the network, keep in mind that cryptocurrency isn’t a get-rich-quick scheme. Instead, think of it as a long-term investment.

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