There are thousands of different cryptocurrencies available today. From the classic Bitcoin to the giant Ethereum. Besides Solana and Avalanche, it may be challenging to choose and make your first investment in this wild market. So, how you can know the top cryptocurrency performers 2022?
In order to help you make a smart, well-informed decision, you can not only be looking at numbers, ups and downs from the charts. It is necessary to understand the fundamentals of the crypto market. So you can choose one – or several – of the top cryptocurrency performers today. And then, finally, earn some money.
What is crypto?
First things first: before starting any kind of investment it is necessary to properly understand, once and for all, what crypto is and how it works.
A cryptocurrency is a virtual asset completely secured by cryptography, so it is very hard, nearly impossible, to hack and counterfeit it. Most cryptocurrencies function on a decentralized network based on blockchain technology – a ledger forced by a large number of computers.
One important detail to be mentioned is that cryptocurrencies are not issued by a central authority, like a bank or an institution. And it makes them safe from any government intrusion or manipulation.
That, however, does mean it is not affected by tensions happening around the globe. The ongoing Coronavirus pandemic and the Russian invasion of Ukraine, for instance, have caused a deep impact on the digitized financial world.
That is why there are some top cryptocurrency performers 2022 that you need to know before diving into the trading seas.
Top Cryptocurrency performers 2022
Just like regular currencies, cryptos also have their most valuable versions – and within the virtual currency world that is, without a doubt, Bitcoin.
Bitcoin, also referred to as BTC, was the first major crypto to ever hit the world, back in 2009, and it has not left the top of the digital currency market since. As most cryptocurrencies do, BTC runs on a blockchain distributed across thousands of computers across the globe.
In order to be a part of this ledger, logging it is necessary to solve a cryptographic puzzle called “proof of work”– that is what keeps Bitcoin safe from frauds, making it a more secure option to begin investments.
Bitcoin is so big in the virtual financial world that it has become a household name. It is impossible to talk about cryptocurrencies without talking about Bitcoin – in fact, anything that is not a Bitcoin is called ‘altcoin’, an alternative coin.
The BTC price has risen more over the past few years than any other currency available. Back in 2016, a Bitcoin could be bought for about $500. As of 2022, a single Bitcoin costs more than $44.000 – which represents a growth of about 7.800%.
Best Crypto to Buy Now
As mentioned before, Bitcoin is on of the top cryptocurrency performers 2022 to buy at any given time – and it should continue to be like that for a while. But that does not mean you should not be looking at other investment possibilities – you just have to analyze the market closely.
Ethereum (ETH), for example, is not only a cryptocurrency but also a blockchain platform. It is also one of the responsible for enabling decentralized finances, also known as DeFi, to happen in a smart, practical way, allowing financial transactions to be done in an almost “trustless” way.
ETH has also experienced immense escalation throughout the past few years: back in 2016, a single ether cost $11. Today, it is being sold for over $3.000, representing a growth of more than 27.000%.
Aside from that, other altcoins have been trying to emerge as new leaders in the decentralized finance field. Solana (SOL) is one of them: with a market capitalization of $32 billion, it has very low network fees, making it harder for other coins to compete with.
FTX Token (FTT), on the other hand, is one of the world’s largest cryptocurrency exchanges nowadays. Its platform is focused on institutional trading and cryptocurrency derivatives. Since 2020, their token has risen more than 2.000%, from $2.14 to $47.
Other cryptocurrencies you should keep an eye out for are:
- Avalanche (AVAX)
- Binance Coin (BNB)
- Uniswap (UNI)
- Thether (USDT)
- Terra (LUNA)
But only looking at numbers and charts will not show you how to make an actual good, rentable choice of crypto to invest your money in. For that, you need some professional, hot signals to light your way.
Hot Signals for the Top Cryptocurrency Performers 2022
Even though cryptocurrencies are the top choice of investments today, it is important to remember that they are still very volatile and unpredictable, which makes bad decisions more likely to happen. That is why it is important to have hot signals pointing you in the direction to follow.
By joining the FatPig community you will not only receive the best signals available but also daily market analysis, tips on what to buy, sell, or trade, performance feedback. And even an exclusive, direct channel to talk, and ask questions to some of the best professionals in the market today.
By learning from the top cryptocurrency performers 2022, you become one of them.
The post Top Cryptocurrency Performers 2022 You Need to Know appeared first on Fat Pig Signals.
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