Top 5 cryptocurrencies likely to experience highest market capitalization in 2022
Shiba Inu is a popular memecoin whose exchange price notably surged in October 2021. Besides, its value increased 240% over the week.
Cryptocurrency has been suddenly raised to fame in the last decade. However, in 2021, some of the cryptocurrencies such as Bitcoin showed some promising all-high records in the trading world. Apart from the world’s largest and oldest cryptocurrency, there are now thousands of cryptocurrencies and many among them show a promising future in the market.
Cryptocurrencies in 2022 have a greater opportunity to thrive more than in 2021. Crypto investors have shown interest in the existing cryptocurrencies as well as the newly emerging ones to invest in their digital wallets. Here is the list of the top 5 cryptocurrencies that might seem to grow in 2022:
Bitcoin – Market Cap: Over $1.08 trillion
Created by Satoshi Nakamoto in the year 2009, Bitcoin has emerged as the largest cryptocurrency in the world. Bitcoin runs on a blockchain or a ledger logging transaction distributed throughout a network of thousands of computers. This digital coin serves lower fees than traditional payment methods. Besides, it is operated by decentralised system.
Ethereum – Market Cap: Over $557 billion
This digital coin stands in the second position in the cryptocurrency market. Ethereum has the potential to overcome Bitcoin’s dominance in the coming years. In recent times it has resulted in the dominance of all financial transactions and payments in all sectors. Expectedly, it is one of the top cryptos to invest in 2022.
Cardano – Market Cap: Over $52 billion
Cardano is a public blockchain platform. It is an open-source and decentralised system. Considering all other major crypto coins, Cardano’s ADA token experienced moderate growth. Investors believe that Cardano has the potential to become the next Bitcoin owing to its deal with smart contracts.
Shiba Inu – Market Cap: Over $20 billion
Shiba Inu is a popular memecoin whose exchange price notably surged in October 2021. Besides, its value increased 240% over the week. Popularly, known to be the rival of Dogecoin, SHIB was founded in August 2020.
Dogecoin – Market Cap: Over $23 billion
Another memecoin, whose 2021 exchange was quite a fuss. However, recently in an interview Tesla Motors and SpaceX CEO, Elon Musk who is a long-time supporter of this memecoin stated that Dogecoins “have a much higher transaction volume capability than bitcoin.”