The Top 5 Cryptocurrencies to Watch in 2022 and Why

Unless you've been living on a desert island for the last decade, you'll have seen the meteoric price rise of many cryptocurrencies. Perhaps you've even invested in some more well-established names such as Bitcoin or Ethereum.

The explosive price growth has attracted more significant numbers of new coins aiming for similar rises. There are dozens of cryptocurrencies released every week, and there are now around 9,800 coins to choose from.

Six Cryptocurrencies to Watch

Like any volatile asset class such as FANG stocks, droves of day-traders have quit their 9-5 jobs hoping to reap short-term profits. Still, for the most part, investors tend to view cryptocurrencies as long-term investments.

Bitcoin (BTC)

Bitcoin, the king of cryptocurrency, is not only the first but also the most traded and valuable crypto in the world today. This crypto also benefits from the largest market cap of above $860 billion, ensuring investors' liquidity.

Solana (SOL)

Solana is one of the top competitors of Ethereum. In 2021, it started at as low as $1, and now, it is trading at $100. Solana is also the fourth most prominent and promising cryptocurrency having a market cap of $54 billion.

Polygon (MATIC)

A development team created Polygon to contribute to the Ethereum blockchain platform. It is helping decentralized application developers avoid high gas fees.

Cardano (ADA)

In comparison to Bitcoin, its small footprint attracts a lot of investors as less energy is needed to complete a transaction in Cardano, meaning it is fast and cheap.

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