Cryptocurrency is digital money that isn’t managed by a central system, like a government. Instead, it’s based on blockchain technology, with Bitcoin being the most popular one. As digital money continues to gain traction on Wall Street, more and more options become available. There are currently over 20,000 cryptocurrencies on the market.
While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, volatility makes investing in cryptocurrency risky, as demonstrated by the recent freefall among cryptocurrencies, including stablecoins pegged to the U.S. dollar. It’s important to know what you’re getting into before you buy in.
That said, these are eight top cryptocurrencies that could prove to be worthy of investment in 2022.
Top 5 Cryptocurrency Investments in 2022
| CRYPTOCURRENCY | PRICE | MARKET CAP |
|---|---|---|
| Bitcoin | $22,953.73 | $437.63 billion |
| Ethereum | $1,627.56 | $197.41 billion |
| Binance coin | $279.68 | $44.94 billion |
| Cardano | $0.5035 | $16.99 billion |
| Polygon | $0.8891 | $7.14 billion |
