Cryptocurrencies are trending and on top of the averse risk-takers list in 2022. Cryptocurrency enjoyed massive growth in 2021 and it is set to continue in 2022.
The cryptocurrency market is thriving with thousands of tokens (over 16,000 listed by CoinMarketCap) available to invest in. This has been a plus for crypto investors who want to invest time and money to gain profit in the long run.
If you’ve decided to invest in cryptocurrency in 2022, here are 5 cryptocurrencies for you to buy effectively. They can be purchased on several crypto exchanges and platforms.
Top 5 Cryptocurrencies To Effectively Buy In 2022
Here are 5 of the top cryptocurrencies you can buy in 2022 to gain profit in the long run. These crypto coins are available for purchase widely. They are listed below;
1. Bitcoin (BTC)
Bitcoin remains the number one digital currency since it was debuted in 2009. BTC was put forward as an alternative to the fiat monetary system. It has gained new ground as a legal tender as it is used for payment of goods and services. BTC is widely on exchanges such as Binance, Coinbase, etc. You can also buy Bitcoin effectively from merchants such as Prestmit if you are in Nigeria or Ghana.
2. Ethereum (ETH)
Ethereum follows Bitcoin closely as the largest cryptocurrency. It is the second-best cryptocurrency in the crypto investor community. Ethereum token known as ‘Ether’ is used to pay for the processing power of the EVM (Ethereum Virtual Machine) to run smart contracts efficiently. ETH is available for you to buy and sell effectively on exchanges.
3. Tether (USDT)
Tether is on the list of many crypto investors for the purpose it serves- as solution to the volatility in price of cryptocurrencies. As a stablecoin, it has a stable value as it is pegged with the US dollar. USDT is one of the best cryptocurrencies to buy and begin year 2022 effectively.
4. Dogecoin (DOGE)
Dogecoin was created out of joke by software engineers but isn’t a token to joke with in the crypto market today. This meme coin was accepted as a form of payment by some major companies which include Dallas Mavericks, Kranos, SpaceX, and so on. You can become one of the numerous holders of the Shiba Inu dog mascot token in 2022. The coin is available in many crypto platforms worldwide.
5. Binance Coin (BNB)
The Binance Coin (BNB) is a form of crypto that can be used for multiple purpose. It can be used to trade as well as pay fees on Binance, one of the largest cryptocurrency exchanges in the world. BNB has come a long way as it also be used for payment processing or even booking travel arrangements. BNB can be traded and exchanged for other top cryptos such as BTC & ETH.
If you’re investing in cryptocurrency, you’ve to know more about the crypto asset you are dealing with before putting your money into it. Out of the thousands of crypto coins available, some have had huge success which can be a template for you to deal with them.
It is however advisable for you not to put all your eggs into one basket if you’re dealing with crypto assets. You don’t have to put all your earnings into it while you can also diversify your portfolio.
If you’re interested in buying and selling cryptocurrencies such as Bitcoin, USDT, Dogecoin, etc, Prestmit is available for you.
Also Read: Is Shiba Inu Coin Really A Dogecoin Killer?