Introduction
Selecting specific digital coins to buy due to hold is always a hard decision to take. Because inside of the cryptocurrency world, the matter is complicated for some reasons. The main reason is that cryptocurrencies easily go down. The reason can lead you to lose some of the money. Therefore, always study a coin very well before investing your money in it.
In this article, I really want everyone to get ready for investing an amount of money, without leaving any risks behind, especially at the beginning of this year ( January and February ).
From Bitcoin and Ethereum to Solana and Cardano, there are thousands of different cryptocurrencies, which can make it overwhelming when you first get started in the crypto world.
Last year (2021), 10 cryptocurrencies climbed more than 100%.
Bitcoin
BTC was hitting $68k with a market cap of more than $1 trillion.
Bitcoin started 2021 with a price of USD 28,994 and broke a record in November with a value of USD 68,789. This January, Bitcoin's price went down and started its trading year with a Dollar value price of $46,311.
Bitcoin, as the first electronic coin and the 1st ranked, undeniably remains the biggest cryptocurrency representing 40% of its capitalization of the market. Therefore, it is considered one of the best cryptocurrencies to buy for 2022 knowing that its price is possible to jump again and break a new record.
Ethereum
ETH Started 2021 with a price of $737 with a market cap of more than $80 billion and could jump to $4,891 with more than $500 billion of the market cap.
But most importantly, ETH 2.0 Launch may change everything. Also, it remains the preferred network for many crypto projects and plus to the Defi and NFT. For instance, more than 90% of NFT transactions take place on the ETH.
Buying Ethereum is considered one of the best choices. According to Forbes, ETH likely will jump to $7,500 by the end of this year.
Binance Coin
BNB or Binance coin was launched in July 2017. BNB is considered one of the biggest cryptocurrency exchanges globally based on daily trading volume. Binance platform itself is considered the top trading platform, and its community aims to bring cryptocurrency exchanges to the forefront of financial activities global.
Last year on 1st January, BNB was equal to $38 with a market cap of more than $5 billion, and could quickly jump to $690 as a high record on 10th May. Today Binance coin market cap holds more than USD 82 billion.
BNB may be an excellent choice to invest in a major cryptocurrency other than Bitcoin or Ethereum, and also is ranked in 3rd place.
Shiba Inu
Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed SHIB to be an alternative to Dogecoin (DOGE) on the Ethereum blockchain.
The YTD of Shiba Inu was 1450%. It was climbing from 9-zeros making its price hit $0.000079.
This January, SHIB's price is around $0.000031 with a market cap of USD 17 billion. As a result, many traders trust Shiba Inu and possibly will invest more money to buy and hold it. According to many researchers, Shiba Inu likely will be climbing to $0.0001 this year.
Avalanche
Avalanche or AVAX is like Ethereum but is the fastest smart contracts platform in the blockchain industry. It is a newcomer to the cryptocurrency world that was launched on September 21, 2020. Since then, it has experienced one of the biggest explorations after its YTD gained 2745% last year.
Avalanche's price today is $93 USD per coin with a market cap around of $25 billion.
AVAX price will be possibly equaled around $250 USD by the end of 2022, knowing that the YTD will be increased by +175%.
Dogecoin
Dogecoin or DOGE is an open-source digital coin that was launched in 2013. It has a system mining every day that really differs from Bitcoin ( about 10,000 Dogecoin ), making this coin a great value and bigger than many cryptocurrencies.
A YTD of Dogecoin had gained 2819% last year and could climb from $0.0074 to $0.689 USD.
DOGE's price today is around $0.19 USD with a market cap of more than $24 billion. Therefore, this digital currency is very likely to jump again this year.
Cardano
Cardano or ADA is also a public blockchain platform, open-source decentralized, with consensus achieved using proof to stake. Although a year to date of Cardano gained 588% last year, it had dropped by more than half.
But, since ADA is similar to the ETH and with a market cap of more than $45 billion, its price will be increasing again, knowing that it is equaled today around $1,36 USD.
Solana
Solana or SOL is similar to ADA Cardano and it is a public blockchain platform that was listed on the market in April 2020. But, its YTD is similar to AVAX which gained 9160% in 2021.
According to the Coin Market Cap, Solana comes directly after BNB in 5th place ranked. Today's price in the market equals $149 with a market cap of around $47 billion USD.
SOL's price will possibly be double today's price by the end of this year.
Polygon
Polygon is previously Matic network is the first well-structured, easy-to-use platform for Ethereum. It was the best top cryptocurrency performance after its YTD gained 11,026% last year. MATIC today's price is $2,33 with a market cap of around $17 billion.
By the end of this year, Polygon's price will be possibly hit $5 per coin.
Polkadot
DOT or Polkadot is a newcomer to the world of cryptocurrency. As it was created in 2020, even though it has shown a big performance over a short duration, it's becoming the 10th largest cryptocurrency with a market cap of $26 billion.
According to Polkadot price prediction experts, the DOT coin price will likely reach 44 USD this year.
Conclusion
To sum everything up and give a wise ending about the coin that you should buy today and hold by the end of this year or when the price is boom, study a coin very much before buying it. I already mentioned the greatest cryptocurrency that ranked top by coin market cap. Personally, all those digital coins I have invested my money in. Therefore, you also can divide the money that you will invest and buy various coins, and do not focus and buy only a single coin. For example, if your investment budget is 1000 USD, put $100 on each cryptocurrency. Because we do not really know which coins are really going higher faster.
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