Top 5 Cryptocurrencies To Invest In For Huge Profit (2022)

Before we go through the list, let's have an overlook of what cryptocurrencies are all about.

A cryptocurrency is a form of digital or virtual asset based on a particular network distributed across many computers. Cryptocurrencies are nearly impossible to fake or double-spend online, as they are secured by cryptography.

Cryptocurrency/crypto was mainly developed to perform fast and secure transactions online. It was designed to make payments for goods and services online without a third party (which is often the bank). A cryptocurrency is issued through virtual 'tokens' by companies that developed it.

A cryptocurrency doesn't exist in physical form (like gold, coins, and paper money) and isn't issued by a central bank. To be able to access a cryptocurrency, you will need real money to exchange for it.

Cryptocurrencies work using a decentralized technology called 'Blockchain'. A blockchain is a digital version of a transaction ledger available to the public. It records information in such a way that potential hackers and unable to alter or access the technology.

According to CoinGecko (the world's largest independent cryptocurrency data aggregator that tracks price, volume, on-chain metrics, and market capitalization), there are over 12,000 publicly traded cryptocurrencies in the world.

Here are the Top 5 Cryptocurrencies To Invest In 2022

(1). Bitcoin — BTC

Bitcoin is the first decentralized cryptocurrency that was created in 2008 in a whitepaper (a special form of the document explaining the concept of why a blockchain was created, including statistics, diagrams, and facts to back it up) by an unidentified (till date) person or group of people using the pseudonym "Satoshi Nakamoto".

Bitcoin was created with the idea of carrying out online transactions directly through a peer-to-peer online currency, without the need of a third party such as the governments, banks, or any form of financial institution.

Bitcoin is the first cryptocurrency to appear on the market, and it's the most popular in the world. Since its birth (when it was launched two months after it was published on a whitepaper) on January 3, 2009, Bitcoin has created a global community of enthusiasts who regularly trade, invest in, and use Bitcoin as their everyday form of payment and investment.

Thanks to its futuristic and innovative nature, Bitcoin is currently the largest and most traded cryptocurrency on the market. There are currently 18,835,600 BTC in circulation.

Bitcoin price as of October 5 – $51,406.50
Market capitalization – $940.53 billion
Market dominance – 43.23%
Market rank – #1

(2). Ethereum — ETH

Another blockchain system that features its own cryptocurrency, Ether (ETH).  It was developed by eight co-founders (a rare large number for a crypto project) in Switzerland.

Ethereum has revolutionized the basics of a blockchain smart contract platform. Ethereum is the second cryptocurrency with the largest market capitalization. It was built 6 years ago (2015). Ethereum is used as a digital currency in financial transactions, as an investment, or as a store of value.

Like all other cryptocurrencies, Ethereum was designed on the basics of decentralized finance, and it's completely available to anyone with access to the internet. There are currently 117,804,867 ETH coins in circulation.

Ethereum price as of October 5 – $3,510.23
Market capitalization – $403.75 billion
Market dominance – 18.56%
Market rank – #2

(3). Binance Coin — BNB

Launched in 2017 by the biggest cryptocurrency exchange in the world based on daily trading volume, Binance. Binance coin is a  unique ecosystem of decentralized blockchain. It is available for swaps/exchange for other cryptocurrencies such as Litecoin, Bitcoin, or Ethereum.

It's a form of crypto used to trade on Binance and has inflated pass merely facilitating trades on their platform, hence the need to open it to the public for trading, a form of payment, and even travel bookings and arrangements. Binance coin has a total of 168,137,036 BNB in circulating supply.

Binance Coin price as of October 5 – $442.14
Market capitalization – $73.29 billion
Market dominance – 3.33%
Market rank – #3

(4). Cardano — ADA

Cardano is a publicly traded proof-of-stake blockchain platform launched in 2017. According to the founders, its main goal is to become a more environmentally sustainable and scalable blockchain network, in part by relying less on energy-consuming crypto miners.

Cardano is a third-generation blockchain (after Bitcoin '1st' and Ethereum '2nd') that aims to directly compete with ETH, BTC, and other decentralized cryptocurrency platforms as a more scalable, efficient, and highly-secured alternative.

Cardano is the only extensively peer-reviewed platform in the blockchain industry that routinely publishes academic research papers on its website. Many undervalue Cardano (ADA) but trust me, it's quietly scaling up. Some even regard it as the Ethereum-killer. The Cardano foundation recently announced several strategic partnerships that will drive further adoption and utilization of the Cardano blockchain following its highly anticipated launch of smart contracts in September.

Since the beginning of 2021, Cardano has attracted tons of investors due to its massive market gains and energy-efficient process, which is undoubtedly more eco-friendly than the likes of Bitcoin. It has a circulating supply of 32,038,100,544 ADA right now. Invest in it now, and thank me by December.

Cardano price as of Oct. 5 – $2.19
Market capitalization – $73.29 billion
Market dominance – 3.22%
Market rank – #4

(5). Tether – USDT

Tether is a stable coin with tokens issued by a Hongkong-based company Tether Limited but is controlled by the owners of Bitfinex. Its main idea is to create a blockchain-based technology backed by an equivalent amount of a traditional fiat currency like the dollar or euro.

Tether tokens (traded under the USDT symbol) are a unique form of cryptocurrency used by investors to avoid the wide swings and volatility of other popular cryptocurrencies such as Bitcoin or Ethereum. It has a current circulating supply of 68,024,069,675 USDT.

Tether developers designed the blockchain to build a bridge between fiat currencies (like pounds or dollars) and cryptocurrencies to offer uniquely stabilized, transparent, and minimal transaction charges to its users, which in turn means if other cryptocurrencies rise or fall by 10-20% in a day (due to the high market volatility), USDT  won't be affected by the fluctuations and remains stable all the way.

Tether price as of October 5 – $1.00
Market capitalization – $68.08 billion
Market dominance – 3.05%
Market rank – #5

Investing in any of these remarkable cryptocurrencies now (October) won't make you a fortune by December but would give you lots and lots of profits.

Note: For those who speculate cryptocurrencies as the currency of the future, it should be noted that a currency needs stability and cryptocurrencies, on the other hand, lack stabilization. They are highly volatile and risky.

Alade Habeeb

I am a writer with a sense of creativity to write on multiple topics. I create engaging, thrilling and entertaining contents and I always take the time to edit my work well before publishing. I follow all the latest trends and read about recent happenings in the entertainment industry to always update my readers.

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