Cryptocurrencies are a kind of digital currency, virtual currency or
alternative currency. They were invented online, and not all were created
equal. Essentially, any cryptocurrency is only as valuable as the
desirability assigned it by a mass audience. Like other types of assets,
stocks, or property, for example, the price of digital currency rises and
falls rapidly, making them volatile investments, but ones that could pay
off handsomely.
10 Most Popular Cryptocurrencies to Buy in 2022
1. Bitcoin
Bitcoin is the cryptocurrency that started it all and was created and
released by the mysterious Satoshi Nakamoto back in 2009. It has the
largest market cap currently, at around US$10 billion, and overshadows each
of the other cryptocurrencies on the Top 10 list combined. There have been
many questions raised about the future of this cryptocurrency and several
controversies surrounding it, but for now, it is going strong.
2. Litecoin
Litecoin was first released in October of 2011 by Charles Lee, a former
Google employee. Litecoin can be mined, and used as a form of currency to
acquire goods and services online. Its market cap currently stands at
US$180 million.
3. Monero
People often mistakenly assume that Bitcoin is anonymous – it isn’t.
Monero, on the other hand is absolutely focused on privacy. By making use
of the ring signature tech now available, Monero offers secure, private,
untraceable cryptocurrency services. With a market cap of US$138 million,
Monero is for those who rate privacy highly.
4. Ripple
Ripple is, in effect, a real-time system of gross settlement, remittance
network, and currency exchange. It was released in 2012, and its current
market cap stands at US$243 million. It has been integrated into a number
of payment networks and banks in order to decrease costs.
5. Ether
Ether was created by Vitalik Buterin, and it was launched in the middle of
2015 after it enjoyed a successful crowdsale. It has a market cap of US$1.1
billion, and it is known for peer-to-peer smart contracts, which allows
people to accomplish coding and contracts without the need for third
parties.
6. Dogecoin
Dogecoin started off as a joke, but somehow managed to gain an actual
following! Modelled after the dogs in the doge memes, Dogecoin got released
by Billy Markus, a programmer, in December of 2013, and is now often used
to tip users in forums. It is valued at about US$25 million.
7. Dash
Short for digital cash, Dash is a cryptocurrency that places its focus on
privacy and speedy transactions. It got rebranded from Darkcoin because of
the dark web associations the previous moniker carried, and has a cap of
US$77 million.
8. MaidSafeCoin
Also known as Safecoin, MaidSafeCoin is the cryptocurrency that the Secure
Access for Everyone, or SAFE, network makes use of. Billed as a
crowd-sourced Internet, you are able to offer space on your computer in
return for coins. Its cap stands at US$39 million.
9. Storjcoin X
Storjcoin X was released by Storj in July of 2014. It is essentially an
open-sourced, encrypted, decentralised cloud data storage system, which
makes use of Storjcoin tokens to grant access and allow usage in the Storj
network. Its market cap is around US$8 million.
10. Lisk
Lisk is an unique, crowdfunded cryptocurrency, branding itself as the
first modular cryptocurrency that uses sidechains. Lisk enjoys the benefit
of having a practical application value, and dapps like social media
platforms, e-commerce stores, and many more can be created. Its current
cap is roughly US$25 million.