Investing in Cryptocurrencies is becoming more lucrative with multiple options of cryptocurrencies. Yes, apart from Bitcoin there are many virtual cryptocurrencies now traded with huge volume by investors.
I know you are still not aware of the other cryptocurrencies that can give you lucrative returns in the long run. So, we brought here the cryptocurrency by market cap in which you can start investing in 2022 with the information of each cryptocurrency.
Also Read: How to Start Investing in Cryptocurrency: 5 Easy Steps
#1 Bitcoin – US$ 565 Billion (Approx.)
One of the well-known as well with the highest market capitalization in the crypto market, Bitcoin is trading at Rs US$ 21,219. It is also one of the highly volatile and high-volume trading cryptocurrencies in the world in which you can invest from all the leading crypto exchanges.
Bitcoin is one of the most preferred cryptocurrencies traded with high volume and accepted in various countries as digital payments. Even now a country has declared it a legal tender to accept as official currency to make payments.
#2 Ethereum – US$ 219 Billion (Approx.)
Just after Bitcoin, if any other cryptocurrency is most valued Ethereum trading at US$ $1,097 is the second largest cryptocurrency by market cap in the world. Compare to Bitcoin and other cryptocurrencies, Ethereum has given the highest return to investors making it the second most preferred crypto asset to invest in.
Ethereum is also popular due to the Blockchain-like platform and a favorite of web developers because of its potential applications, like smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).
#3 Tether – US$ 62.58 Billion (Approx.)
Trading at US$ 1.00, the Tether cryptocurrency has been introduced in 2014 and has become one of the third most valued cryptocurrencies that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether.
As of September 2020, there are over 14.4 billion USDT tokens in circulation, which are backed by $14.6 billion in assets, according to Tether. And over the past years, Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.
#4 USD Coin – US$ 54 Billion (Approx.)
USD Coin with the current price US$1.00 a stable coin the price of the same is directly attached to US dollar. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds.
Digital dollars are used like other digital elements, they move fast, are highly circulative, and spread at the speed of the internet. And now USD coins can be traded like how we share content and are less expensive and safer than the existing payment systems.
#5 Binance Coin – US$ 211 Billion (Approx.)
Binance is one of the biggest cryptocurrency exchanges globally. And Binance Coin is an integral part of the successful functioning of many of the Binance sub-projects. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.
The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance. Trading at US$ $211, since Binance Coin has been launched, the exchange has also benefited from increased investor interest in the token.
#6 Ripple (XRP) – US$ 38.74 Billion (Approx.)
Ripple or with the symbol XRP trading at US$0.3098 is the seventh largest cryptocurrency in terms of market cap with a track record of most profitable cryptocurrency in the last years. XRP is the currency that runs on a digital payment platform called RippleNet, which is run by a company called Ripple.
The XRP Ledger is open-source and is not based on Blockchain, but rather on the previously mentioned distributed ledger database that is maintained by the global XRP Community.
#7 Cordano – US$ 47 Billion (Approx.)
Cordano is an open-source project that also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent, and fair.
Presently trading at US$ $0.47, Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy intensive than the proof-of-work algorithm relied upon by Bitcoin. And Cardano’s ADA token has had relatively modest growth compared to other major crypto coins.
#8 Binance USD – US$ 18 Billion (Approx.)
Binance USD (BUSD) also known as BUSD, is a stablecoin that Paxos and Binance founded to create a cryptocurrency backed by the U.S. dollar. To maintain this value, Paxos holds an amount of U.S. dollars equal to the total supply of BUSD.
Traders use stablecoins to keep their holdings at a steady value and on the Blockchain without withdrawing crypto for fiat currencies. They are some of the largest and most traded crypto assets, and BUSD is one of the most popular.
#9 Solana – US$ 14 Billion (Approx.)
Solana is developed to help power decentralized finance (DeFi) uses decentralized apps (DApps) and smart contracts. It runs on a unique hybrid proof-of-stake and proof-of-history mechanisms to process transactions quickly and securely. SOL, Solana’s native token, powers the platform.
In the year 2020 when SOL launched its price started at $0.77, but in just two years its price surged many folds and by early June 2022, its price was around $29.54.
#10 Dogecoin – US$ 11 Billion (Approx.)
Dogecoin is based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. It is created as a joke by software programmers Billy Markus and Jackson Palmer, who wanted to joke about the widespread cryptocurrency growth.
Trading at US$0.054, Dogecoin is not very popular among cryptocurrency investors but is also of the cheapest cryptocurrencies to invest in. It is very much different from Bitcoin, especially in terms of proof-of-work and there is no limit to the number of Dogecoin that can be mined.
These are the top 10 best cryptocurrencies by the market cap you can invest in. Though, due to high volatility in the crypto world the price of the different cryptocurrencies keeps fluctuating and unstable. And sometimes few bottom cryptocurrencies keep changing their position in the list.
So, before investing also make sure to buy the cryptocurrency having the prestigious market cap and the least volatility in the market. It will help you build a worthwhile portfolio while investing in cryptocurrency and enjoy the best ROI in the industry.
And if you are looking for the right cryptocurrency investment sites you can choose Pro Crypto Invest which will give you the best options with short-term to medium and long-term investment plans. Here you can also open an offshore trading account for cryptocurrency trading.
Moreover, PCI has also created one of the most dynamic and vibrant trading bots to trade in cryptocurrency without any risk with the highest returns. Here you can also avail the facility of a loan against cryptocurrency to enjoy the power of monetizing your digital assets even without selling them in the market.