Our 5 Best Cryptocurrencies to Invest in 2022
Since it’s creation in 2008, bitcoin has inspired thousands of cryptocurrencies, totalling up to around 5,000 coins as this article is written.
Here are the 5 best cryptocurrencies available at the moment:
Eth is the cryptocurrency named Ethereum, the global platform that runs smart contracts, games and financial transactions through it’s technology. It was launched in 2015 and as of June 2022, is worth £1,021.22, it’s all time high was £3,815.79 in August 21.
Our rating of the Eth cryptocurrency is 5/5. Our investment rating is 5/5.
Launching in 2011, Litecoin was one of the earliest and strongest competitors for bitcoin. Litecoin is a proof of work based crypto, meaning that it is mined to bring more into the system. As of June 2022, Litecoin is worth £43.29, with it’s all time high being in May 21 at £326.41.
Our rating of the LITE cryptocurrency is 4/5. Our investment rating is 4/5.
Dogecoin was created as a memecoin but was quickly established as a solid crypto asset. Being created in late 2013, it is well known for it’s humorous creation and unlimited supply. Recently thanks to Elon Musk, Dogecoin saw it’s all time high of 58p, but as of June 22 has fallen around 5p.
Our rating of the DOGE cryptocurrency is 3/5. Our investment rating is 4/5 due to the lack of dip.
Launching in 2017, Tether is a stablecoin (one of around 200). A stablecoin is tied to fiat currencies, which in the case of Tether is the USD. Tether should retain the value of around 1 dollar at all times, meaning Tehter is a good option to transfer values between exchanges.
Our rating of the USDT cryptocurrency is 3/5. Our investment rating is 1/5 due to the nature of stablecoins.
Cardano was created by Eth’s co-founder in 2017. It uses a Proof of Stake as opposed to Proof of work platform, so it is not mined, only paid out as investments as you can stake it to gain interest. In June 22 Cardano was worth 41p, with the all time high being £2.45 in Sep 21.
Our rating of the ADA cryptocurrency is 3/5. Our investment rating is 3/5.
Solana as built and launched in 2020, a new coin but was created with a lower transaction fee than others, and is cheaper than all of it’s competitors. SOL will be one of the frontrunners in the market in the coming years once crypto makes it’s recovery towards the end of the year and has steady gains since it’s creation due to the lower costs. As of June 22 SOL is worth £30.85.
Our rating of the SOL cryptocurrency is 4/5. Our investment rating is 5/5.
In conclusion, we believe that the Ethereum cryptocurrency is the strongest contender bar BTC, closely followed by Litecoin. Dogecoin is the strongest memecoin available, Tether is the most stable stablecoin and Cardano is touted to become one of the strongest coins on the market in the future with a potential value of 10 USD which would be a 24x return at the time of writing. SOL has the potential in the long term future to match Ethereum some believe, so at time of writing this may also be a good investment for you.
Disclaimer: Although we have written our ratings as beliefs, the currencies may not perform as we expect so please proceed with cryptocurrency investments with caution.