Which Cryptos to Buy
- November 10, 2022
- Will Turner
I would not advise anybody to invest in cryptocurrencies without investing in Bitcoin. Buying top cryptos is not sufficient for being a successful crypto investor. You have to think along the lines of how to buy tether as well. The best argument to invest in top cryptos right now is because they are heavily discounted. Simply put, bitcoin is still the best cryptocurrency to buy today, if not the best.
Even with thousands of other cryptocurrencies in the market, Bitcoin still represents 40% of the market capitalization for cryptocurrency. Bitcoin continues to lead the cryptocurrency pack when it comes to market cap, user base, and popularity. Bitcoins (BTC) market cap leadership over cryptos has been on a decline for years. In fact, Bitcoin (BTC-USD) accounts for $370bn out of $920bn in total capital invested in cryptocurrencies worldwide.
It is the most dominant cryptocurrency right now, accounting for the largest proportion of all the capital invested in cryptocurrency. While bitcoin (BTC-USD) was not the first cryptocurrency, it was the first one that became popular with a substantial portion of the general public. Binance Coin is also tradeable or redeemable in other forms of cryptocurrency, such as Ethereum or Bitcoin. The Binance Coin is a form of cryptocurrency you can use to trade on and pay fees to Binance, one of the largest crypto exchanges in the world.
Next up in our top cryptocurrencies to buy is Ethereum (ETH). As of January 2021, Ethereum (ETH) has a market cap of $138.3 billion, with per-token values of $1,218.59. As of January last year, the market capitalization of cryptographic tokens that are platform-specific was about 19% that of bitcoin. Ether, launched in 2015, is now the second-largest digital currency by market capitalization behind Bitcoin, though it is trailing behind Bitcoin by a considerable margin.
Although Ethereum came to market years after some of the other cryptocurrencies, it has vastly surpassed its position on the market due to its unique technology. Ethereum is currently a leader among smart contracts platforms, and is still one of the most exciting cryptocurrencies to buy in 2022 for the innovations it brings to the world, as well as the potential applications around the globe. Ethereum is also standing out as both the most stable cryptocurrency and as one of the best to invest in 2022. With a second release on the horizon for Ethereum, some market analysts believe that the cryptocurrency is among the greenest cryptos in the 2022 market.
This dominance means that bitcoin has a huge amount of momentum, making it the best crypto to invest in 2022 if you are new or just not trading much. Most transactions around crypto involve Bitcoin, in some or other way, such as typical super bnb token transactions. Bitcoin needs little introduction, since according to CoinMarketCap, it remains the largest cryptocurrency worldwide as measured by market capitalization. As of January last year, Litecoin had a market cap of $10.1 billion, with per-token values of $153.88, making Litecoin the world’s sixth-largest cryptocurrency. You can currently buy Bitcoin, Ethereum, and Litecoin, and more than 30 other coins and tokens, at Coinbase.