Cryptocurrencies are now mainstream. They are as accessible as possible, and with a few clicks on your phone, you can start learning about them. But where should one start?
In this video, we’ll be looking at five cryptocurrencies that look exciting in 2022.
Bitcoin is the pioneer of cryptocurrency. Without it, the cryptocurrency world would not be what it is today. Bitcoin is the first successful blockchain-based currency to have been launched. Throughout the year, people have tried to replicate its success, recognizability, and technology, but they could never beat the dominance of BTC.
Because it is the oldest cryptocurrency, it is also one of the most stable cryptocurrencies. Although it’s far from being stable enough to function as a currency like a dollar or a euro, it’s still definitely one of the better choices according to the experts.
Ethereum is the first major project that introduced smart contracts, allowing developers to launch mobile and desktop decentralized apps on top of the blockchain. Because of this technology, the ETH has become one of the top cryptocurrency options out there. Coming second to Bitcoin is its closest competitor.
It’s the second-highest in terms of market capitalization, with BTC being the first, but there’s definitely still more room for growth because it’s only been around since 2014. Ethereum’s blockchain is also currently home to most blockchain-based applications for things like NFTs.
Polygon will be one of the best performing cryptocurrencies from 2021. Gaining 11,026% in value in just a year, they’ve gone from each coin valued at less than 2 cents to over 2$.
Polygon was founded in 2017 as an altcoin, and even with its recent success, there seems to be no way but up. Polygon has a structurally different process while being built on Ethereum. It has a layer two scaling solution, which means that it increases throughput without tampering with any of the original security characteristics on the Ethereum blockchain.
You’ve already heard of Binance because it’s the largest cryptocurrency exchange platform in the world. The BNB coin or Binance coin—their cryptocurrency—was a project initially built on Ethereum but has transitioned to the Binance Smart Chain, their blockchain.
The BNB Coin boasts a combination of Proof-of-Authority and Delegated Proof-of-Stake technology, a model that supports shorter block time and lower costs. With the number of people becoming increasingly aware of the carbon footprint cryptocurrencies eat up, some people prefer the BNB coin because of its environmentally friendly nature.
The Shiba Inu coin managed to overtake Dogecoin, the top meme coin, last year. Although meme coins cryptocurrencies are one of the most volatile among the lot, this is also what makes them a good place to start your cryptocurrency journey.
There are no guarantees with meme coins because they’re still at a very nascent stage compared to other more stable coins like Bitcoin, but this also means you can gain a lot of money in a very short amount of time.
These videos are for educational and entertainment purposes only – THIS IS NOT FINANCIAL ADVICE!