14 Important Crypto Currency to buy in 2022!

What is a Crypto Currency?

Cryptocurrency is a digital coin that is controlled by computer networks other than any government bank to maintain it. The tasks are distributed among a cryptocurrency's users through the internet.

One can use crypto to buy regular goods and services, many people invest in crypto as they would in other aspects, like the stock market or minerals. Purchasing crypto can be risky, first, you must understand how crypto currency's system works.

How to pick a Crypto Currency to invest in?

You should not rush and buy a crypto coin. You need to know that buying a crypto coin is not like buying a stock.

Things that make a crypto coin increase or decrease in its price are supply and demand. If there is increased demand and a limited supply increases, then the price goes up and If supply becomes denied, then the price goes down, and so on.

How Should I invest in Crypto?

You can purchase crypto on crypto exchanges, such as Coinbases and Bitfnex. Some of these exchanges can charge what can be prohibitively high costs on small crypto purchases. Coinbase almost charges a fee of 0.5% of your purchase and a flat of o.99$ to 2.99$ depending on the size of your transaction.

Pros and Cons of Crypto Currency

 Pros

• Transactions are simple
• Incredible safety
• Exponential growth of the industry 
• Non-standard returns 
• Short payment term and cost reduction 
• More transactions are private
• Transaction freedom 
• Security and privacy 
• A quick way to transfer money
• Market 24/7

Cons 

• It has the potential to be utilized in unlawful transactions.
• Some coins are not available in other fiat currencies
• No refunds or cancellations are permitted.
• Cybersafety issues 
• Price volatility and lack of intrinsic value 
• The value of cryptocurrencies like Bitcoin can vary significantly 
• Cryptocurrencies are not accepted everywhere and have limited value elsewhere.

14 Important Crypto Currency to buy in 2022

1.Bitcoin(BTC)

The first-ever cryptocurrency that has been founded is Bitcoin(BTC). When people are talking about Crypto they never forget about Bitcoin(BTC). It is very popular and highly valued. Bitcoin was created to be used as a digital payment system. 

Price: 42,692.78 USD

Market Cap: $807.47B

Founded by: Satoshi Nakamoto

2. Tether(USDT)

Tether is called a stable coin. Becuase Stable coins are tied to the value of a specific purchase, in the case of Tether, the U.S. Dollar. Tether usually acts as a platform where traders move from one cryptocurrency to another. Instead of going back to dollars, they used Tether. However, some people are concerned that Tether is not securely supported by dollars stored in a fixed location but instead uses a short-term type of unsecured debt.

Price: 1$

Market Cap:$ 77B

Founded by: Brock Pierce, Craig Sellars, and Reeve Collins

3. Ethereum(ETC)

This is a decentralized software platform that enables smart contracts and decentralized applications to be built and run without any fraud, control, or downtime. The goal of Ethereum(ETC) is to create a decentralized suite of financial products that anyone in the world can access freely, regardless of ethnicity, faith, or nationality.

Price: 3078 $

Market Cap: $ 360B

Founded by: Buterin and Joe Lubin

4. Bitcoin Cash(BCH)

Bitcoin Cash was founded by Satoshi Nakamoto, the one who founded Bitcoin. Bitcoin Cash was founded and created in August 2017. It holds an important place in the history of digital coins Because Bitcoin Cash is one of the earliest and the most successful folks of the original Bitcoin. 

Price: 335$

Market Cap: $ 5b

Founded by: Satoshi Nakamoto

5. Dogecoin(DOGE)

Dogecoin is a cryptocurrency made by two software engineers, Billy Markus and Jackson Palmer. 

It was created on December 6, 2013, They decided to develop the payment system as a joke by making fun of the meditate on cryptocurrency, and Dogecoin was considered the first meme coin or, precisely, the first dog coin. 

It grew and developed quickly, and it reached the capitalization of $85 billion in the market on May 5, 2021. 

The software engineers, Billy Markus and Jackson Palmer, started the Dogecoin as a joke, but it was very successful. Bitcoin moreover takes 10 minutes to confirm, but Dogecoin only takes one minute to confirm

Price: 0.16 $

Market Cap: $ 54b

Founded by: Billy Markus and Jackson Palmer

6. Binance Coin(BNB)

Binance Coin is a digital utility coin that operates as a payment method for the fees associated with trading on the Binance Exchange. Binance Coin is one of the third-largest digital coins by market capitalization. 

One can use the coin to trade at a discount as a means of payment.

Price: 437 $

Market Cap: $ 72b

Founded by: Changpeng Zhao

7. Litecoin(LTC)

Litecoin is one of the digital coins to follow up after bitcoin. Litecoin is based on an open-source global payment network that is not controlled by any other central authorities and it uses scrypt as a POW, which can be decoded by the help of consumer-grade central processing units. 

Litecoin is almost like bitcoin becuase, it has a faster block generation rate and it offers a faster transaction confirmation time.

Price: 140 $

Market Cap: $ 9b

Founded by: Charlie Lie

8. Polkadot(DOT)

Polkadot is designed to connect permissioned blockchains as well as oracles to allow systems to work together under one circumstances. 

It's core component is it's relay chain, which allows the interoperability of varying networks. 

Polkadot also allows for parachains, or parallel blockchains with their own native tokens for specific use cases.

Price: 25 $

Market Cap: $ 22b

Founded by: Gavin James Wood

9. Monero(XMR)

Monero is a  visual crypto currency. It was created and developed by Nicolas van Saber hagen in 2013. Monero(XMR) is regarded as a more anonymous or privacy-oriented digital cash than Bitcoin.

Price: 183 $

Market Cap: $ 3b

Founded by: Nicloas van Saber Hagen

10. Steller(XLM)

Steller is an open blockchain network that is designed to provide enterprise solutions by connecting financial institutions for the purpose of large transactions. 

Steller has positioned itself an enterprise blockchain for institutional transactions, it is an open blockchain that anyone can use. 

It allows for cross-border transactions among any currency. Note that this network requires users to hold Lumens to be able to transact on the network.

Price: 

Market Cap: $ 5b

Founded by: Jed McCaleb

11. Cardano(ADA)

Cardano is a digital coin that is created with research - based approach. The team that made Cardano created its blockchain through extensive experimentation and peer-reviewed research.

Cardano's main goal is to be the world's financial operating system by establishing Defi products like Ethereum's as well as providing solutions for chain interoperablity, voter fraud, legal contract tracing, among other things.

Price: 1.23 $

Market Cap: $ 41b

Founded by: Charles Hoskinson

12. USD Coin(USDC)

This is a stable coin. It can be generated only by sending USD to the token issuer's bank account and interacting with the smart contract on the blockchains you want to use.

Price: 1$

Market Cap: $ 51B

Founded by: Circle Company

13. Solana(SOL)

Solana(SOL) is a blockchain that is designed to host decentralized, scalabale applications. It is very fast in terms of the number of transactions that can be processed and has lower transactions fee compared to it's competitors like Etheruem.

Price: 114$    

Market Cap: $ 36b

Founded by: Anatoly Yakovenko

14. Terra(UST)

Terra(UST) is a stable coin made by the Terra Network. It is an open-source blockchain payment platform for stable coins. Terra enables users to spend, trade, save or exchange Terra instantly on it.

Price: 57$

Market Cap: $ 23b

Founded by: Do Kwon

Conclusion

In this article we have discussed about "14 Important Crypto Currency to buy in 2022".