The first Cryptocurrency, Bitcoin, was built by a group of developers. Bitcoin was launched by Satoshi Nakamoto in 2009 and it is a peer-to-peer digital currency. Though people took a step backward when asked to join the Bitcoin family, it is now one of many most popular investing platforms. It does not deal with any third-party agreement. Hence the transactions are direct. One of the primary reasons for investing in Bitcoin is that there is no exchange rate. You can invest your money in Bitcoin from any corner of the world, provided cryptocurrency is not banned by your government.
Moreover, when you invest your money in Bitcoin, you know for sure that your money is safe and secure. You can make purchases and even transact money instantly through your wallet. Therefore, we can rightly say that on official website of the bitcoin code app, all digital transactions will happen in the cloud, and they are safe and secured.
With the advent of Bitcoin, the use of Cryptocurrency has boomed to fame. Though Bitcoin remains the first choice of many, other cryptocurrencies have evolved recently. People are now more interested in Cryptocurrency because it has a high investment return. As a result, Cryptocurrency is rapidly growing among the big and small investors, and it is not far when it will control the market. Following are some of the predictions of Cryptocurrency for the year 2022.
Ethereum Will Take Over The Crown
Though Ethereum is not as popular as Bitcoin, it is predicted that soon it will become a rage. It is in the second position in the crypto market after Bitcoin, but its popularity is increasing because of its high gain percentage. Therefore, it is suggested that soon in 2022, Ethereum will emerge as a winner by overtaking its competitor Bitcoin.
There are a few things that affect ETH price and make it one of the most wanted crypto assets in the world. The first is its use as a platform for decentralized applications. This gives it a unique advantage over other cryptocurrencies which are mostly used as a means of payment or investment. Secondly, ETH has a very active and supportive community which contributes to its growth and development. Worth to mention, that only during the last year more than 10 Ethereum crypto trading bots appeared on the market. Lastly, the Ethereum network is constantly being upgraded and improved. Here we can also include the most wanted ETH 2.0 update.
A Safe Payment Method
A word was going around that cryptocurrency would not be accepted as a legal transaction and would become worthless, thus bringing back the old traditional banking system. However, just the opposite happened in the year 2021. It had a sudden surge in popularity, and it is predicted that the growth will continue in 2022. The investment rate of return is relatively high than the traditional ones. Major investors are showing their interest in cryptocurrencies.
Moreover, when you invest your money in Bitcoin or any cryptocurrencies, your money is safe. However, you will only be allowed to use your currency if you have the private key to access your wallet. You cannot make or claim a refund once you done an online transaction with Bitcoin. So if you lose your private key then your account can be hacked.
Top Cryptocurrencies In 2022
There are many cryptocurrencies in the market, each trying to make a mark. Following are some of the coins that can hold firm ground in 2022.
Arcane
Arcane is a face in the crypto family, but it has gained a huge success in a short time period. Though the figures it has attained from the time it has entered the market may seem small, the fact remains it is increasing at a rate higher than the others. As soon as ARCANE entered the crypto world, it witnessed a hike in the market. It is holding a solid place in the market at the present deadline and is a forerunner for 2022.
- Chiliz
It has been almost a year since the Chiliz coin (CHZ) was first introduced in the market. Currently rated at number 67 in the cryptocurrency rankings, Chiliz can have a promising future throughout 2022. It is the world’s first tokenized sports exchange as it directly deals with sports teams.
- Solana
Solana is currently at number four in the crypto ranking and it is expected to give a boost in 2022. It is gradually becoming popular among the business class by giving tough competition to its giant counterparts, Bitcoin and Ethereum. Solana had seen a fall in late November 2021, but it has witnessed a sudden surge in the market.
Conclusion
Though the market is flooded with cryptocurrencies, it is still unpredictable who will emerge as the winner. The world of crypto is constantly rising, with more and more people relying on digital currency than traditional banks. It is just a matter of time when cryptocurrencies will become legal in most countries.