2021 was an eventful year for cryptocurrencies and the crypto market was glorified throughout, but 2022 has brought more challenges to the sphere. At present, competitive cryptocurrencies are gaining the attention of crypto investors as they are continuously leaning towards the highly volatile venture to gain profit in crypto wallets with extensive research. Despite the market’s volatility, the overall sentiment about cryptocurrencies is still positive. With so many ups-and-downs few cryptocurrencies are ruling the market. This article features the top 10 cryptocurrencies that are worth buying in February 2022.
Launched in 2017 by the Binance exchange, BNB has firmly solidified itself as a top-5 digital asset in terms of market capitalization. BNB is the primary currency used to fuel transactions on the Binance Smart Chain – which is now a network utilized by thousands of projects. Along with its use of making transactions on Binance exchange, you can invest in this coin to earn profit.
When large financial institutions transact on an international basis, they typically do so via SWIFT. This age-old network is not only slow and expensive but fraught with red tape. XRP can function as a bridge currency in transactions involving different currencies such as US dollars, Japanese yen, Euros, Francs, and others in use on the XRP network. This is why Ripple created its innovative blockchain network – which has since partnered with over 200 banks.
Bitcoin is still a worthy addition to any portfolio. Bitcoin consistently rises again to levels much higher than its previous peaks, including reaching a record high of US$69,000 in November. Although Bitcoin comes with a higher price point that dents profitability in the short-term, experts still consider the oldest cryptocurrency an intelligent bet for long-term holding. The king of all cryptocurrencies is surely one of the best that is worth buying in Feb 2022.
As we know, unlike some of the major cryptocurrencies, Tether is a stable coin, meaning it is backed by fiat currencies like the US dollar and Euro and hypothetically keeps a value equal to one of those denominations. This demonstrates that Tether’s value will remain consistent than other cryptocurrencies, attracting loads of investors who are looking for stable options.
Cardano is one of the best sustainable cryptocurrencies It builds on the technology popularized by Bitcoin and Ethereum to produce cryptocurrency with less energy and faster transactions. Cardano uses a measured approach that means it has evolved more slowly than its competitors. According to crypto investors, Cardano has great potential, and it is one of the best cryptocurrencies that is worth buying in Feb 2022.
Solana is also a top cryptocurrency with the potential to grow in the coming months of 2022. Similar to Ethereum, its underlying blockchain network acts as a medium for developers to build and host DApps. Solana is currently planning to opt for the ‘Proof of Stake’ mechanism, which will help the platform become energy efficient and leverage faster transaction speeds.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. Terra is one of the best cryptocurrencies that are worth buying in Feb 2022.
Polkadot is one of the most popular cryptocurrencies on the crypto market. The low fees and higher speeds that the Polkadot network offer, when compared to other cryptocurrencies, make it a number one choice for crypto investors. Polkadot is perhaps the best of the rest when it comes to scalability. It is one of the best that is worth buying in Feb 2022.
Ethereum has the second-largest market capitalization after Bitcoin at about US$500 billion, making it a crucial rival to the well-known coin. Because of its position in second place and widespread use with decentralized apps, Ethereum is the only competitor that could surpass Bitcoin in price in the future. Ethereum is one of the best cryptocurrencies that are worth buying in Feb 2022.
Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by US dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.