WHAT IS THE BEST CRYPTOCURRENCY TO INVEST IN?

What is crypto currency?

According to the English dictionary, Cryptocurrency is a digital currency in which

means of business transactions or the exchange and interaction between people are
verified and records are maintained by a decentralized system using
cryptography."Crypto"refers to the various coded algorithms and cryptographic
techniques that safeguard these entries, such as elliptical curve encryption, public-
private key pairs, and hashing functions.A Cryptocurrency portrays a unit of
currency. It is being monitored and organized by a peer-to-peer network called a
Blockchain, which is a shared, transparent ledger that ensures the smooth going of
the process of recording transactions and tracking assets in a business network.
They enable secure online payments without the use of third-party middlemen.

Types of Cryptocurrencies

Most cryptocurrencies share a blockchain-based infrastructure, but there are some

noticeable differences between each and every one of them. Cryptocurrencies can
be grouped into two major categories, which are coins and altcoins and tokens.

Coins

This is a digital coin having its own blockchain and can be used seen as money
being used traditionally. This type of crypto currency can be used as a measure of
value, can be stored and also can be used as a means of exchange from one party to
another. An example of this coin is Bitcoin and Ether which uses their own
independent blockchain.

Altcoins
The term altcoin is made up of two words. Alt – meaning alternative and coin
meaning cryptocurrency. Together, they imply a category of cryptocurrency, which
is an alternative to the digital Bitcoin currency. An example of an altcoin is a
Dogecoin. Users of altcoin have solved difficult problems in cracking and
providing a secure and less-expensive way of carrying out transactions on the web.
Some altcoins use a different consensus mechanism to produce blocks or validate
transactions or they distinguish themselves from Bitcoin by providing new or
additional capabilities, such as providing smart and preferable contracts with low
amount of funds.

Categories of Altcoins

Mining-Based Altcoins

Mining-based altcoins are mined into form.Such coins are not produced through
an algorithm but are distributed before they are listed in cryptocurrency markets.
An example is LiteCoin.

Stablecoin

Stablecoins aim to reduce this unpredictability by pegging their value to a basket

of goods, such as fiat currencies, precious metals, or other cryptocurrencies. The
basket is meant to act as a reserve to redeem holders if the cryptocurrency fails or
encounters certain issues along the way.Some notable stablecoins include Tether's
USDT, MakerDAO's DAI, etc.

Security tokens

Security tokens look more like traditional stocks, and they often give out equity in
the form of ownership or a dividend payout to holders.
Meme coins

Meme coins are inspired by a joke that could be created concerning other well-
known cryptocurrencies. They typically gain popularity in a short period of time,
and they are often hyped online bysome prominent crypto influencers and retail
investors attempting to establish short-term gains. An example of such coin is
Dogecoin (DOGEUSD).

Utility tokens

Utility tokens are used to provide services within a network. For example, they
might be used to purchase services, pay network fees,redeem rewards, etc. An
example is Filecoin.

Tokens

Crypto tokens are a type of cryptocurrency that represents an asset or specific use
and reside on their own blockchain.They can be used for investment purposes, to
store value, or to make purchases.These tokens represent tradable assets or
utilities that reside on their own blockchains. They are often used to fundraise for
crowd sales, but they can also serve as a substitute for other things and are usually
created, distributed, sold, and circulated through the standard initial coin offering
(ICO) process. Crypto tokens, like coins, are also digital assets that can be bought
and sold and they use another blockchain’s infrastructure. An example could
include Tether, which is hosted on the Ethereum blockchain, and others.

What is the best cryptocurrency to invest in?

Before deciding which of the cryptocurrencies are worthy enough to trade or invest
in, one has to take a look at the advantages and disadvantages each coin and how it
would profit them. After looking at the statistics and the possible outcomes in the
crypto space, it was observed that the top four best cryptocurrencies to invest in
2022 are:

BITCOIN
Its current price is US$42,275.85
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen
directly between equal, independent network participants, without the need for any
intermediary to permit or facilitate them. Bitcoin offers you several advantages
over other investments in terms of liquidity, meaning you can trade bitcoin easily
for assets and cash with low fees. It also has a lower inflation risk. It creates new
opportunities in the sense that as new coins enter the crypto space, it gives rise to
opportunities for massive gains due to the unpredictable swings in price. Also you
can simply buy or sell bitcoin from exchanges and keep them in your wallet.

ETHEREUM
Its current price is US$3,178.40
Ethereum is a decentralized open-source project that features its own
cryptocurrency, Ether. Here, developers can execute smart contracts and do things
that are impossible on the Bitcoin network like building databases for decentralized
finance, non-fungible tokens, NFTs and gaming, etc. Transactions in Ethereum
tend to be processed faster than Bitcoin’s. Also, the crypto space is in anticipation
of the coming of the Ethereum 2.0 which will allow the network to support more
transactions per second to enable the network to be more effective.

TETHER
Its current price is US$1.00
USDT is a stablecoin that actually portrays the price of the U.S. dollar, issued by a
Hong Kong-based company Tether. Tether is useful for crypto investors because it
creates an offer to completely avoid the extreme unpredictability of other
cryptocurrencies. This brings about easy exchange of assets in exchange platforms
for investors. It also creates a no-cost exit strategy for investors and provides a
great amount of flexibility and stability. It is one of the best long-
term cryptocurrencies to buy and hold in 2022.

BNB
Its current price is US$415.36
Unarguably, Binance is the biggest cryptocurrency exchange globally based on
daily trading volume. The idea behind Binance’s name is to gotten from the term
‘Binary Finance’, or Binance.
BNB or Binance Coin is the digital currency of Binance exchange. The Binance
platform enables crypto traders and investors to pay fees and trade by using the
coin, BNB. Initially, this coin used to operate on the ERC-20 standard on
the Ethereum blockchain, but now it's known as the Binance platform's native coin.
According to the recent stats issued in January 2022, the platform is responsible for
more than 1.4 million transactions every second. BNB has showed incredible
performance and commendable operations in the crypto space and is one of the
best long-term cryptocurrencies to buy and hold in 2022.

AVALANCHE
Its current price: US$79.71
Avalanche is the fastest smart contracts platform in the blockchain industry, as
measured by time-to-finality. Its services are really fast, it has low cost, and is
entirely eco-friendly. A developer with a mart contract-enabled application can
easily outrun its competitor just by using Avalanche. This was launched on
mainnet, on September 21, 2020. This platform has been able to secure a lot of
individual projects around the globe and has been termed as a very secure platform
for conducting transactions due to its undeniable reputation.
 What Is The Best Cryptocurrency To Invest In?
What is Cryptocurrency?
According to the English dictionary, Cryptocurrency is a digital currency in which
means of business transactions or the exchange and interaction between people are
verified. Records are maintained by a decentralized system using cryptography."
Crypto" refers to the various coded algorithms and cryptographic techniques that
safeguard these entries, such as elliptical curve encryption, public-private key
pairs, and hashing functions. A Cryptocurrency portrays a unit of currency. It is
being monitored and organized by a peer-to-peer network called a Blockchain.
This shared, transparent ledger ensures the smooth going of recording transactions
and tracking assets in a business network. They enable secure online payments
without the use of third-party middlemen.

Types of Cryptocurrencies
Most cryptocurrencies share a blockchain-based infrastructure, but there are some
noticeable differences between them. Cryptocurrencies can be grouped into two
major categories: coins and altcoins, and tokens.
Coins
This is a digital coin with its blockchain and can be used as money traditionally
used. This type of Cryptocurrency can be used as a measure of value, can be
stored, and can be used as a means of exchange from one party to another. An
example of this coin is Bitcoin and Ether, which use their independent blockchain.
Altcoins
The term altcoin is made up of two words. Alt – meaning alternative and coin
meaning cryptocurrency. Together, they imply a category of Cryptocurrency,
which is an alternative to the digital Bitcoin currency. An example of an altcoin is
a Dogecoin. Altcoin users have solved difficult problems in cracking and providing
a secure and less-expensive way of carrying out transactions on the web. Some
altcoins use a different consensus mechanism to produce blocks or validate
transactions. They distinguish themselves from Bitcoin by providing new or
additional capabilities, such as providing smart and preferable contracts with low
funds.
Categories of Altcoins
Mining-Based Altcoins: Mining-based altcoins are mined into form. Such coins
are not produced through an algorithm but are distributed before they are listed in
cryptocurrency markets. An example is LiteCoin.
Stablecoin
Stablecoins aim to reduce this unpredictability by pegging their value to a basket of
goods, such as fiat currencies, precious metals, or other cryptocurrencies. The
basket is meant to act as a reserve to redeem holders if the Cryptocurrency fails or
encounters certain issues. Some notable stablecoins include Tether's USDT,
MakerDAO's DAI, etc.
Security Tokens
Security tokens look more like traditional stocks, and they often give out equity in
the form of ownership or a dividend payout to holders.
Meme coins
Meme coins are inspired by a joke that could be created concerning other well-
known cryptocurrencies. They typically gain popularity in a short period, and they
are often hyped online by some prominent crypto influencers and retail investors
attempting to establish short-term gains. An example of such a coin is Dogecoin
(DOGEUSD).
Utility tokens
Utility tokens are used to provide services within a network. For example, they
might be used to purchase services, pay network fees, redeem rewards, etc. An
example is Filecoin.
Tokens
Crypto tokens are a type of cryptocurrency representing an asset or specific use
and reside on their blockchain. They can be used for investment purposes, store
value, or make purchases. These tokens represent tradable assets or utilities that
reside on their blockchains. They are often used for fundraising for crowd sales.
Still, they can also substitute for other things and are usually created, distributed,
sold, and circulated through the standard initial coin offering (ICO) process.
Crypto tokens, like coins, are also digital assets that can be bought and sold, and
they use another blockchain's infrastructure. An example could include Tether,
which is hosted on the Ethereum blockchain, and others.

What is the best Cryptocurrency to invest in?

Before deciding which of the cryptocurrencies are worthy enough to trade or invest
in, one has to look at the advantages and disadvantages of each coin and how it
would profit them. After looking at the statistics and the possible outcomes in the
crypto space, it was observed that the top four best cryptocurrencies to invest in
2022 are:
BITCOIN
Its current price is US$42,275.85
Bitcoin is a peer-to-peer online currency, meaning that all transactions happen
directly between equal, independent network participants, without the need for any
intermediary to permit or facilitate them. Bitcoin offers you several advantages
over other investments in terms of liquidity, meaning you can trade bitcoin easily
for assets and cash with low fees. It also has a lower inflation risk. It creates new
opportunities because as new coins enter the crypto space, it gives rise to
opportunities for massive gains due to the unpredictable swings in price. Also, you
can simply buy or sell bitcoin from exchanges and keep them in your wallet.

ETHEREUM
Its current price is US$3,178.40
Ethereum is a decentralized open-source project that features its own
Cryptocurrency, Ether. Here, developers can execute smart contracts and do
impossible things on the Bitcoin network, like building databases for decentralized
finance, non-fungible tokens, NFTs and gaming, etc. Transactions in Ethereum
tend to be processed faster than in Bitcoin. Also, the crypto space is in anticipation
of the coming of the Ethereum 2.0, which will allow the network to support more
transactions per second to enable the network to be more effective.

TETHER
Its current price is US$1.00
USDT is a stablecoin that portrays the price of the U.S. dollar, issued by a Hong
Kong-based company, Tether. Tether is useful for crypto investors because it
creates an offer to completely avoid the extreme unpredictability of other
cryptocurrencies. This brings about an easy exchange of assets in exchange
platforms for investors. It also creates a no-cost exit strategy for investors and
provides great flexibility and stability. It is one of the best long-term
cryptocurrencies to buy and hold in 2022.

BNB
Its current price is US$415.36
Binance is the biggest cryptocurrency exchange globally based on daily trading
volume. The idea behind Binance's name is to get from the term 'Binary Finance',
or Binance.
BNB or Binance Coin is the digital currency of the Binance exchange. The
Binance platform enables crypto traders and investors to pay fees and trade using
the coin BNB. Initially, this coin operated on the ERC-20 standard on the
Ethereum blockchain, but now it's known as the Binance platform's native coin.
According to the recent stats issued in January 2022, the platform is responsible for
more than 1.4 million transactions every second. BNB has shown incredible
performance and commendable operations in the crypto space and is one of the
best long-term cryptocurrencies to buy and hold in 2022.

AVALANCHE
Its current price: is US$79.71
Avalanche is the fastest smart contracts platform in the blockchain industry,
measured by time-to-finality. Its services are fast, low cost, and entirely eco-
friendly. A developer with a mart contract-enabled application can easily outrun its
competitor just by using Avalanche. This was launched on the main net on
September 21, 2020. This platform has been able to secure many individual
projects around the globe. It has been termed a very secure platform for conducting
transactions due to its undeniable reputation.