The greatest cryptocurrencies are quite hard to find. In light of the staggering 9,000 cryptocurrencies that are now in use, it will never be easy to select the most popular projects.
The situation is made much more complicated by the market’s impending entry into a serious bear market in 2022. You must go deeper into the fundamentals of each cryptocurrency because it is practically hard to choose the best cryptocurrency based solely on positive price activity.
The good news is that the two “blue chip” blockchain networks, Bitcoin and Ethereum, continue to lead the pack of the very finest cryptocurrencies.
It is simple to get caught up in the perceived worth of more recent and undervalued networks, but there is a good reason why Bitcoin is still by far the most established, reliable, and popular cryptocurrency.
In a similar vein, Ethereum, the second-largest cryptocurrency by market capitalization, shouldn’t be overlooked. It is still a very well-liked network for many cryptocurrency projects, not the least of which being the NFT market.
The top cryptocurrencies in 2022 are as follows:
The leading cryptocurrencies are still Bitcoin and Ethereum.
There’s no denying that Bitcoin and Ethereum continue to be two of the most alluring cryptocurrencies, even though it might not make for the most shocking headline.
While their prices may have significantly decreased during the bad market of 2022, their fundamentals are still very safe. The oldest cryptocurrency projects have withstood the storm as several more recent and more glamorous cryptocurrency networks have either gone to zero or split apart from the inside due to the outflow of retail investors.
Bitcoin still stands out due to its market dominance, complete decentralisation, and lack of censorship. It is the only cryptocurrency that meets all of these criteria.
In addition, it continues to be the quickest method of sending huge sums of money throughout the globe thanks to recent developments like the Lightning Network.
Another safe bet is Ethereum. Although one may argue that the network’s basics are weak, there is no disputing its current appeal. Its impending merger has further heightened interest in the network. The network is home to hundreds, if not thousands, of successful enterprises, which sharply raises the price of Ethereum in US dollars.
Following in order are Cardano and Polkadot
The following two cryptocurrencies to take into account are also not really newcomers.
Both Cardano and Polkadot have been around for a while, and the founders of each project previously worked on Ethereum when it was just getting started.
These initiatives are still in position to succeed Ethereum as the second-most successful cryptocurrency behind Bitcoin, despite not being the newest fad. This is because, while both companies’ founders supported ETH, they also believed that the network’s underlying issues could be resolved.
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Due to this, a lot of people think of Cardano and Polkadot as updated versions of Ethereum. You can expect that these two networks will be present to saturate their market share if the latter does experience issues.
Think beyond the box while making your crypto decisions.
In light of the fact that 2022 is shaping up to be an especially painful bear market, it is important to keep in mind that caution is preferable to opportunism at the moment. When all costs are low and promising ventures are frequently abandoned, it can be challenging to find a gem.
Having said that, it is worthwhile to go outside the box if you do want to find the next major crypto trend.
Look at the larger trends in the business, such as metaverse, gaming, NFTs, and sports, and then look for the most intriguing project there.