What are the top 6 cryptocurrencies to invest in 2022?

NEW DELHI: The year 2021 has seen many ups and downs for major cryptocurrencies like Bitcoin and Ethereum, which reached their all-time highs of over $65,000 and $4,460 in October and November 2021, respectively.
There were many other virtual currencies and stablecoins that set new records and expanded their market capital.
We bring you the top 5 cryptocurrencies ranked by market capitalization, and could be a solid choice in 2022 to invest.
1) Bitcoin (BTC)
* Bitcoin continues to dominate all digital assets, currently with a market capitalization of $8.111 billion as of January 17, according to coinmarketcap.com.
* This pioneering cryptocurrency has been through some volatile times, reaching as low as $40,000 in September and as high as $65,000 in October 2021.
* Nonetheless, the belief of cryptopreneurs and investors has remained unwavering in this cryptocurrency and it has even been hailed as a digital gold and inflation hedge by major banking entities like Deutsche Bank and JPMorgan, respectively.
2) Ethereum (ETH)
* This cryptocurrency was also able to maintain its 2nd position over a period of 1 year.
* It has a market capitalization of around $390 billion as of January 17, according to coinmarketcap.com.
* Ethereum would transition to Proof of Stake (PoS) from Proof of Work (PoW) to improve its scalability and make it environmentally sustainable in 2022.
* Ethereum is clearly known to be used as a base to run several blockchain-based applications like NFTs.
– It was also called digital money by a Deutsche Bank analyst for this reason.
3) Tether (USDT)
* Tether is the largest stablecoin with a market capitalization of $78 billion on January 17, according to coinmarketcap.com.
* The stablecoin reduces volatility by being pegged to the US Dollar and Euro, and is one of the most popular choices for those looking to invest in cryptocurrencies but are reluctant to deal with volatility.
* It is pegged to the US dollar.
4) Binance Coin (BNB)
* This cryptocurrency is the native cryptocurrency of the Binance crypto exchange, the world’s largest exchange by volume.
* Binance was only launched in 2017, but has grown very quickly by facilitating trading on its platform. The crypto has come a long way from its price in 2017 of just $0.10, which shot up around 52,000% on January 3, 2022 to $520.
* Binance (BNB) is ranked fourth with a market capitalization of around $80 billion, according to coinmarketcap.com on January 17.
5) Solana (GROUND)
* It is known for its highest transaction speed at 65,000 tps, Dapps and smart contracts.
* It belongs to the ethereum killer group and uses a hybrid consensus model of PoS and proof of history (PoH).
* The promising cryptocurrency has a market cap of over $54.82 billion.
* In the space of 2 years, Solana has gained almost 22,000% when launched with a value of $0.77 to $171 on January 3, 2022.
6) Gimbal (ADA)
* Cardano is ranked 6th, with a market capitalization of $51 billion as of January 17 according to coinmarketcap.com.
* This cryptocurrency can be a good choice for crypto investment.
* The cryptocurrency operates on the PoS model which increases its transaction time and decreases the environmental impact through the staking method.
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