10 Most Profitable Cryptocurrency in 2022

by madhav joshi digital markting expert

Today, there are over 800 cryptocurrencies in existence, ranging from Bitcoin to Dogecoin, making it difficult to choose the one that promises high returns. When talking about crypto, some people think of Bitcoins only. In reality, the cryptocurrency market is flooded with alternatives that are quite valuable than bitcoins.

The popularity of these cryptocurrencies has increased further after market-maker companies such as Apple, Google, Tesla, Samsung, Facebook, PayPal, and Deutsche Bank have lately included this digital asset in their long-term strategic plans.

Cryptocurrency has evolved from a digital asset to one that is being widely used for several reasons by people. If you're still confused about which Cryptocurrency will be a profitable bet in 2022. Don't worry; we have listed out the top 10 most profitable cryptocurrency in 2022.

Top 10 Most Profitable Cryptocurrency in 2022:

Before choosing the best Cryptocurrency for trading, conduct your research and look at various factors such as market size, the top crypto exchanges or brokerages (and their commission costs), prior performance, market value, volatility, and even taxes.

Bitcoin (BTC):

Bitcoin (BTC) is one of the first Cryptocurrency created in 2009 by an unknown group of people under the name Satoshi Nakamoto. BTC, like most cryptocurrencies, works on a blockchain, a distributed ledger that logs transactions over a network of thousands of computers.

Bitcoin is way more secure and safe because updates to the distributed ledgers must be confirmed by solving a cryptographic puzzle.

Bitcoin's value has increased with its widespread popularity. For example, in May 2016, a Bitcoin could be purchased for around $500. Now, the price of a single Bitcoin reached above $38,000 on February 1, 2022. This equates to a 7,600% increase.

Tether (USDT):

Tether is a stablecoin as its value is anchored at $1. Stablecoins are coins, linked to the value of a particular asset, such as the US dollar. When traders switch from Cryptocurrency to another, Tether is frequently used as a bridge. They utilise Tether instead of returning to dollars. It is quite favorable for investors who hesitate to invest much. The market capitalization of Tether is about $78 billion.

Cardano (ADA):

Cardano is popular for being one of the first crypto projects that use proof-of-stake validation. By eliminating the competitive, problem-solving part of transaction verification seen in systems like Bitcoin, Cardano has reduced transaction time, energy consumption, and environmental effect. As a result, we have included Cardano in our list of Most Profitable Cryptocurrency in 2022.

Cardano functions similarly to Ethereum as it uses ADA, its native token, to allow smart contracts and decentralized apps. However, Cardano's ADA token has grown slowly compared to other prominent cryptocurrencies. For example, the price of ADA in 2017 was $0.02. Now, it is valued at $1.05. This is a 5,150 percent increase.

Solana (SOL):

Solana is a cryptocurrency, created to help decentralized finance (DeFi), decentralized applications (DApps), and smart contracts. It employs a hybrid proof-of-stake and proof-of-history mechanism to conduct transactions rapidly and securely. SOL, Solana's native Cryptocurrency, powers the platform.

The price of SOL was $0.77 when it was first launched in 2020. Its price has risen about 13,000 percent by February 1, 2022, to around $100. It is one of the top 10 most profitable Cryptocurrency in 2022.

XRP:

XRP is a digital technology and payment processing company founded by the same founders of Ripple. It can be used on that network to ease the exchange of many currency types, including fiat currencies and other major cryptocurrencies.

The price of XRP was $0.006 at the start of 2017. Its price has risen more than 10,000 percent to $0.62 as of February 1, 2022.

Polkadot (DOT):

Polkadot intends to unify the multiple blockchains by building a cryptocurrency network that connects various blockchains so they can function together. Since Polkadot's inception in 2020, this integration has sparked significant growth. As a result, its price increased by 565 percent from $2.93 to $19.49 between September 2020 and February 1, 2022.

Binance Coin (BNB):

Binance Coin is a cryptocurrency used to buy and sell and pay fees on Binance platform.

Binance Coin has grown beyond just conducting deals on Binance's exchange platform. It can now be utilised for trade, payment processing, and even making trip reservations. It was just $0.10 in 2017; on February 1, 2022, it climbed to nearly $377, growing around 377,000 percent.

Ethereum (ETH):

The second-most popular Cryptocurrency after Bitcoin is Ethereum, which is the name for the cryptocurrency platform. The system lets you utilise Ether (currency) for a variety of tasks, but Ethereum's smart contract feature contributes to its popularity. As a result, it holds a place in our list of the best cryptocurrencies to Invest in 2022.

Terra (LUNA):

Terra is a platform which helps backstop a variety of stablecoins based on actual currencies like the dollar or euro, using its currency Luna. Terra uses a variety of technological methods to help steady the price of stablecoins, and it also enables smart contracts. It has a market capitalization of $26 billion.

Dogecoin (DOGE):

Dogecoin gets its name from an online meme featuring a Shiba Inu dog. Unlike many other digital currencies, Dogecoin has no restriction on the number of coins it can issue. It may be used to transmit money or make payments. It is one of the Best Cryptocurrencies to Invest in 2022.

Which is the Best Broker for Trading Cryptocurrency?

If you're searching for Best Broker for trading Cryptocurrency, InvestBy is the top recommendation in this case. The broker offers a specialized trading platform that lets you trade CFDs on 30+ cryptocurrencies.

In addition, the broker has a low fee structure with zero commission on a few trading instruments. InvestBy also offers a contemporary education hub to help strengthen your knowledge about the market.

Conclusion:

As the cryptocurrency market has wide potential for new and professional traders, people interested in investing in these digital assets should not risk more than they can afford to lose. In addition, the volatility of crypto assets can be extreme, with prices moving dramatically even within a single day. So, learning the basics of the market is crucial before investing in cryptocurrency trading.