Oge began writing blog post in 2017 after finishing his Secondary Education at Saint Patrick's Secondary School Enugu. He attended Zhejiang University of science and technology at the department of Digital Media Technology also currently schooling at Enugu State University of science and technology (ESUT) In the department of Geology and Minning. Oge Ebube has many works in Music and he is currently writting a short novel 'Je suis Prisoner: I'm a Prisoner'.
Email: ogeebube@validnewstoday.com
Cryptocurrencies that you should invest in
These days, it is really important to invest in something that could serve as an asset to you later in life. With such an idea, you could invest either in stocks or in properties. However, since everything has been advancing in a digital direction, people are more inclined towards making online investments as well that could help them out later. Some of these investments include cryptocurrencies, which are digital currencies that you may either use to buy other things or you may sell them off. However, in order to invest in cryptocurrency, you need a good internet package or a plan. You can check out the recommended ## to make sure you have one of the best internets and your cryptocurrency investments are flawless. Deciding which cryptocurrency to buy is the most difficult part because you need to research which one of them is performing the best in the market. So here is a list of the best performing cryptocurrencies that you could consider investing in for the year 2022.
Bitcoin (BTC)
The original form of cryptocurrency, from where cryptocurrency originated. It was created in 2009 by someone working on it under the pseudonym of Satoshi Nakamoto. The foundation of Bitcoin is on a blockchain and bitcoin is one of the safest types of cryptocurrencies. It requires a system of multiple computers through ledger logging transactions. Back in May 2016, you could buy one Bitcoin priced at almost $500 but right now, a single coin’s price is about $46,300. Still, Bitcoin remains to be the best cryptocurrency to invest in.
Ethereum (ETH)
The second most popular cryptocurrency would be Ethereum, after Bitcoin. Ethereum is used for very specific purposes such as dealing with NFTs. NFTs are Non-fungible tokens that can be seen as forms of digital art that are sold over the internet and the currency that they use are cryptocurrency. Ethereum has seen a lot of steady growth over the years and people have become very inclined to invest in Ethereum alongside Bitcoin. In April 2016, the price of Ethereum was around $11 and today the price of Ethereum is around $3,450. Ethereum also remains to be one of the best cryptocurrencies to invest in.
Tether
While other cryptocurrencies are different, Tether remains to be different as it is a form of stablecoin. That is because this cryptocurrency is backed by some of the major physical currencies of the world such as the Dollar and the Euro. Due to this, it is expected that Tether would have more stability in comparison to other cryptocurrencies and this is exactly why people have started trusting Tether more than other cryptocurrencies because all other cryptocurrencies are volatile while Tether is more stable. It is also expected that due to this trust, people will begin investing more in Tether.
Binance Coin (BNB)
The Binance Coin was made as a form of currency that could be used to make transactions and payments on Binance, which is a system of the largest crypto exchanges in the world. Binance has grown a lot more than that ever since its creation back in 2017. Now the Binance Coin can be made for making different sorts of payments for a variety of things. You also can trade in the Binance Coin for any other form of cryptocurrency such as Bitcoin, Ethereum, and so on. The Binance Coin’s price back in 2017 was just $0.10 and now it is priced at $445.
U.S Dollar Coin (USDC)
Just like the Tether coin, USDC is a stablecoin as well as it is backed up by the US Dollar. The ratio that is kept in mind is that 1 USD is equal to 1 USDC. The US Dollar Coin also has some support from Ethereum and the best part about this cryptocurrency is that you can use this to make transactions and payments all over the world without any problems.
XRP (XRP)
The XRP was first created under the name of Ripple, which was honestly a cool name. Ripple was a digital company that dealt with payment processing. It was used to encourage the exchange of different types of currencies which included both physical and cryptocurrencies. Back in 2017, the price of XRP was $0.006 and today it is $0.83. This shows that the XRP is going through a steady increase and is developing slowly.
Cardano (ADA)
One of the things that make Cardano stand out from the rest is the fact that it has focused a lot on the environment, something that the other cryptocurrencies have not done. They came out with the idea of proof-of-stake validation which overlooks the transaction time and also reduces the overall energy usage, which overall results in a decreased environmental impact, unlike Bitcoin and all the other cryptocurrencies. Cardano has not seen rapid growth but has rather seen steady growth, back in 2017 it was priced at $0.02 and now it is priced at $1.17.
Investing in cryptocurrency is one of the best financial decisions you could take for yourself. You need to research the market yourself to see which coin is performing the best and you should invest in it. Although there is no guarantee about the growth and the duration that it takes but you can make your future safer by investing in cryptocurrency because the future is digital and all of these coins are bound to grow and further go up in prices.
Written by Frank Xavier 2022.
