Buying the Dip: Top 10 Cryptocurrencies to take a position in 2022
Cryptocurrency is a digital currency. It allows the transfer of virtual money without middlemen over the web. Since there’s no intermediary, the transfer of cryptos within the network is free. Fees charged are lesser than bank and financial intermediaries or payment systems fees, and these fees are used as rewards to network participants who make the network functional.
The first cryptocurrency is Bitcoin (BTC), and every cryptocurrency created after Bitcoins are called Altcoins. Presently, there are quite 9,000 active altcoins. Ethereum (ETH) is the biggest and not just a cryptocurrency but a digital environment for establishing decentralized apps.
Kucoin is a major cryptocurrency exchange platform where you buy, hold and flip cryptocurrencies with ease and rest of mind. Analysis of the underlisted cryptocurrencies was carried out on the 20th of September, 2022. Let’s dive into the top 10 cryptocurrencies to take a position in 2022:
1. BITCOIN (BTC)
As the first cryptocurrency to look on the market, Bitcoin has determined a world community and provided rise to a new industry of lots of people that establish, invest in, trade, and use cryptocurrencies in their day-to-day lives. The emergence of BTC also inspired the event of thousands of cryptos. Because of its pioneering nature, it remains at its highest.
Bitcoin, a decentralized cryptocurrency, was originally named as a whitepaper in 2008 by a person or group of individuals who used the alias Satoshi Nakamoto. Soon after, in January 2009, it was launched. To this moment, the identity of the individual or organization named Satoshi is unknown. According to Nakamoto, Bitcoin was established to permit “online payments to be sent directly from one party to a different party without probing an establishment.”
Within the last 24 hours, Bitcoin is up 2.94%. Its current CoinMarketCap ranking is #1, having a live market cap of USD 368.64B. It also contains a circulating supply of 19,155,868 BTC coins and a maximum supply of 21,000,000 BTC coins.
2. ETHEREUM (ETH):
Ethereum may be a blockchain system that features its cryptocurrency, Ether. It works as a platform for other cryptocurrencies and allows the execution of smart contracts using the blockchain. Vitalik Buterin first described Ethereum in the 2013 whitepaper. In 2014, Buterin, along with his other 7 co-founders, secured funding for the project in an internet public crowd sale.
They were able to raise $ 18.3 million in Bitcoin. Ethereum’s price was $ 0.311, and they had over 60 million ETH sold. The Ethereum Foundation officially launched the blockchain on the 30th of July, 2015.
The live ETH price today is USD 1,359.00.52 and also has a 24-hour trading volume of USD 15,269,653,698. ETH to USD price is updated in real-time.
Ethereum is +4.02% within the last 24 hours. the present CoinMarketCap ranking is #2, having a market cap of $ 165,491,533,686 USD. It also encompasses a circulating supply of 122.45M ETH coins however, the max supply isn’t available.
3. BINANCE CHAIN NATIVE TOKEN (BNB)
Binance, the founders of the Binance chain native token is a cryptocurrency exchange platform founded by Changpeng Zhao, who in 2001 joined Bloomberg and, after spending four years with the corporation, joined Fusion Systems. He was actively involved in cryptocurrencies and technologies in 2015 until he officially launched Binance along with his co-founder, He Yi, in July 2017.
Binance’s name, Binary Finance, is coined from its ability to point out a new paradigm in global finance. BNB live price today is USD 268.33, and its 24-hour trading volume is USD 916,820,501. BNB price to USD price is updated in real-time.
Binance Chain native token Price is +1.40% within the last 24 hours. Its current CoinMarketCap ranking is #5 and it’s a current market cap of $ 43,291,815,706 USD. Its circulating supply is 161,337,261 BNB coins and with a max supply of 200,000,000 BNB coins.
4. XRP (XRP)
David Schwartz, Jed McCaleb, and Arthur Britto launched the XRP Ledger in 2012 with its currency XRP which is faster and more energy-efficient. Alongside Chris Larsen, in September that year, they founded the corporation referred to as Ripple. XRP was launched in 2021. It uses various applications like micropayments, Defi, and NFTs.
XRP’s live price today is USD 0.413176, and its 24-hour trading volume of USD 3,799,630,586. XRP to USD prices are updated in real-time. XRP is up 14.97% within the last 24 hours. this CoinMarketCap ranking is #6. Its live market cap is USD 20.6B. Its circulating supply is 49,848,747,475 XRP coins with a max. supply of 100,000,000,000 XRP coins.
5. CARDANO (ADA)
Cardano could be a blockchain platform that ultimately allows “changemakers, innovators, and visionaries” to evoke positive global change. Charles Hoskinson, one of the co-founders of the Ethereum network, founded Cardano in 2017. Cardano was named after Gerolamo Cardano, the 16th-century Italian polymath.
ADA token gets its name from the 19th-century mathematician Ada Lovelace, the world’s first computer user. Today’s Cardano live price is USD 0.443602, with a 24-hour trading volume of USD 555,358,764.
ADA price to USD price are updated in real-time. Cardano price is +0.31% within the last 24 hours. the present CoinMarketCap ranking is #8 and its current market cap is $ 15,163,214,464 USD. Its circulating supply is 34,182,044,153 ADA coins, and a max. supply of 45,000,000,000 ADA coins.
6. SOLANA (SOL)
SOLANA utilizes blockchain technology to provide decentralized finance (DeFi) solutions. In March 2020, Solana was launched by the Solana Foundation, which has its headquarters in Geneva, Switzerland. With the help of his colleague Greg Fitzgerald at Qualcomm, who he teamed up with, Anatoly Yakovenko is behind the creation of Solana.
The current CoinMarketCap ranking is #9, having a current market cap of USD 11.4B. It has a circulating supply of 353,927,722 SOL coins. However, the max. supply is not available.
7. DOGECOIN (DOGE)
Billy Markus, who is from Portland, Oregon and Jackson Palmer from Sydney, Australia created Dogecoin in 2013. Elon Musk’s passion for it in 2021 made it have a greater appeal to users. Despite Musk’s promise to moon the price, it crashed, seeming that he lost interest in it.
DOGE is up 1.74% in the last 24 hours. The current Coin Market Cap ranking is #10. It has a live market cap of $ 7.8B USD and a circulating supply of 132,670,764,300 DOGE coins. The max. supply is unavailable.
8. POLKADOT (DOT)
Polkadot’s founders are Dr. Gavin Wood, Robert Habermeier and Peter Czaban. Thanks to Wood, Web3 Foundation’s president contribution to Ethereum, his presence was well felt in the establishment of Polkadot.
With a 24-hour trading volume of $ 303.1M USD, the Polkadot live price today is $ 6.28 USD. DOT price to USD prices are updated in real-time. Polkadot price is -0.34% in the last 24 hours. The current Coin Market cap ranking is #11, and its current market cap is $ 7,102,955,148 USD. It has a circulating supply of 1,131,063,583 DOT coins, and the max. supply is unavailable.
9. POLYGON ( MATIC)
Polygon (formerly Matic Network) is the first well-structured and an easy to use platform for Ethereum infrastructure development. Polygon was co-founded by Jaynti Kanani and Sandeep Nailwal, who were two experienced blockchain developers and also a business consultant Anurag Arjun in October 2017.
MATIC supports only the Ethereum base chain. Based on community suggestions, it also wants to extend support for other base chains.
The live price of Polygon today is $ 0.743926 ( MATIC/USD), with a 24-hour trading volume of USD 333.7M. MATIC price to USD price is updated in real-time. Polygon is -0.66% in the last 24 hours. The current CoinMarketCap ranking is #13, and its current market cap of USD 6.5B. Its circulating supply is 8,734,317,475 MATIC coins, and a max. supply of 10,000,000,000 MATIC coins.
10. DECENTRALAND (MANA)
Decentraland is a platform powered by Ethereum and allows users to experience, create as well as monetize content and applications. MANA and LAND are the two tokens that govern operations in Decentraland. They also allow users to interact with the platform. However, MANA is the official currency in Decentraland. This token can be used to purchase LAND or pay for in-game items and services.
Decentraland live price today is USD 0.717626 and has a 24-hour trading volume of USD 128,478,936. MANA price to USD price is updated in real-time. However, Decentraland’s price is up 0.96% in the last 24 hours. The current CoinMarketCap ranking is #39 and has a current market cap of USD 1.3B. It also has a circulating supply of 1,855,084,192 MANA coins and the max. supply is unavailable.
Investment decisions depend on one’s preference however, in order to invest in the best cryptos, we suggest the above-listed top ten cryptocurrencies because they survived the recent crypto market crash. You should however, note that this is not investment advice as you are advised to do your own research.
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Buying the Dip: Top 10 Cryptocurrencies to take a position in 2022 was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.