Top 5 Cryptocurrencies to Invest in 2022

by Preeta Jaiswal Paisadunia – Financial Services Consultant

Because of the underlying characteristics, an increasing number of investors are resorting to cryptocurrencies, which had functioned as a diamond mine during a period when the world economy was suffering as a result of the outbreak. In India, cryptocurrency has emerged as a rewarding choice for many aspiring investors trying to diversify their portfolios. If you're looking for a solid cryptocurrency to invest in India, here are a few of the most popular choices:

Cardano

Cardano is a decentralised application development platform based on a proof-of-stake blockchain network. It has a multi-asset database and provable smart contracts, making it one of the most excellent cryptocurrencies to buy right now. It is a technology platform that enables operating financial apps in addition to being the trendiest cryptocurrency on the marketplace.

· Ethereum

Ethereum is a public blockchain with the indigenous token Ether (ETH) and is also alluded to as a cryptocurrency. If you've started hearing of NFTs being sold virtually, you've probably heard of the Ethereum blockchain being used. It is one of the most reliable networks, continually striving to improve and remain ahead of the curve; its most recent endeavour intends to reduce reliance on non - renewable significantly.

Ripple

Ripple is another cryptocurrency that has the capacity to develop a competitive advantage. At the time of writing, it is only worth $0.72, but that might change soon if Ripple becomes the banking network solution. According to certain speculations, Visa and Western Union may eventually use Ripple as their under-the-hood platform, which is a significant development for this cryptocurrency.

Know in detail about “highest return mutual fund SIP”

Zcash

Zcash is a cryptocurrency that was created using the Bitcoin code foundation. It was created on a decentralised blockchain by researchers from MIT, Johns Hopkins, and other prestigious technical and research organisations. The focus on confidentiality is a significant component and differentiator of Zcash. Individuals can send or receive Zcash without having to reveal the source, recipient, or transaction amount.

Solana

Solana is distinguished by its 'proof-of-history' consensus protocol, which operates in tandem with a proof-of-stake mechanism. Solana is said to be extremely fast, making it excellent for smart contracts, dApps, and Defi applications.

Surprisingly, much more of Solana's rise to prominence occurred after the bull market concluded in June. In September, Solana surpassed that milestone manyfold, surpassing $200, and it appears that it is maintaining most of that growth. This significant price increase can primarily be attributed to Solana's newly generated NFT market, which is thriving.

Also read about Is it safe to invest in Cryptocurrency