The cryptocurrency market (crypto market) has evolved rapidly over the past few years. On the one hand, we have seen the emergence of new crypto coins luring in new investors and traders; on the other hand, we have seen a few old accepting cryptos wallets landing in dire straits struggling to keep their loyal investors sticking with them. Fluctuations at various levels in the market have raised serious questions in investors’ minds this year. One of these questions seems to be whether it is still relevant to invest in cryptocurrencies over the traditional bear and bull market in 2022. The answer to this crucial question is Yes! Cryptocurrencies are still one of the most sought-after assets in the market.
In this blog, we have evaluated five top-performing cryptocurrencies in 2022. This assessment analyzes the trendy and favored cryptocurrencies that the trading veterans usually opt for while playing safe in the shaking market.
Here are the top 5 picks for crypto market in 2022:
 Bitcoin is the oldest and most widely accepted cryptocurrency in the market. Despite the fluctuations early this year, it is expected to touch the benchmark of $74,000/BTC by the end of 2022. Its current value has been swaying between $27,000-$34,000, making it perfect for beginners and seasoned traders to buy and hold until its value starts growing again. Bitcoin is one of the most predominant and readily available cryptocurrencies, which can be purchased as a whole or in portions depending on the investment size.
 Ethereum has been rated as one of the top-selling cryptocurrencies in 2022. Most upcoming coins have been based on Ethereum’s blockchain, making it the largest capitalizing currency this year. This coin is also considered part of many metaverse projects being developed this year. It has been steadily growing since its inception in 2016, and with the ease of being used on various exchange platforms, Ethereum ranks second in overall evaluation for 2022.Â
Tether, when compared to Bitcoin and Ethereum, yields to be a stable cryptocurrency. It derives its value from the US dollar and Euro; therefore, owning Tether is more economical for beginners. The value of Tether is similar to USD 1.00 USDT and has been at a negligible decline of 0.01% in July 2022. However, most investors realize that with current socio-economic conditions, it is expected to gain value in the upcoming years gradually. It’s a smart buy for people looking to invest small with patience to watch it grow over the years.   Â
The USD coin is derived from the US Dollar with a 1:1 value ratio. It’s a stablecoin that enables individuals to trade and exchange various digital assets. It’s considered to grow since it allows users to explore the value of US currency for remittance in the foreign market. Coins like these have been considered stabilizing factors for volatility in the crypto market, making them susceptible to growth. Despite being in the market for a short time compared to bitcoin and Ethereum, USD coins rank fourth in our overall assessment for 2022.
BNB coin is an excellent alternative for individuals looking to invest apart from Bitcoin and Ethereum. It has been developed by the Binance exchange and has proved to be one of the most stable options in the crypto space. Its value has gained (0.01%) this year despite drastic changes in the market. BNB supports trading and investment in other digital assets with lesser fees than other cryptocurrencies. It can also be used out of crypto to process digital transactions and payments. Though it has taken a dip compared to its all-time high value, the growing network and attractive discounts for users make it a desirable investment option in 2022.
Conclusion:
Investing in cryptocurrencies has never been as easy as it is today. With the development of multiple broking platforms/wallets/online vendors, individuals can invest in their desired crypto coins from the comfort of their homes. The bitcoin trading platform is the safest and simplest online platform to buy/sell cryptocurrencies across the globe. The platform also features historical data and performance graphs of all the available cryptocurrencies assisting users in making informed decisions while investing. This potentially lowers the risk of investment as compared to other platforms.Â
