In 2009, Satoshi Nakamoto, a software developer developed a substitute for the currency we use in the physical world. He created a virtual currency that would work like a normal currency for transactions but one cannot feel or touch the currency as it does not exist in the physical world but in the web world or cyber world or virtual world. And it is the reason behind calling that currency “Virtual currency.” Mainly such a kind of currency is called Cryptocurrency. The first currency developed by that developer is known as Bitcoin. Bitcoin was developed by Satoshi Nakamoto to substitute the traditional way of using the currency for transaction purposes. It also targeted the way of eliminating central organizations controlling the transactional paths. And due to this property of cryptocurrency, it is also known as a Decentralized form of currency because it does not involve any central governed body for the operation. You can start your trading career at bit alpha ai app.
In recent years, the influence of cryptocurrency is increasing on the financial markets. This is evident from the increase in the value of bitcoin last year. The value of bitcoin in the initial days was $0.09 which was recorded in July 2010 and now the value of bitcoin in July 2022 was recorded as 24,582.10 USD. It is because many companies and organizations are considering cryptocurrencies as a method of transaction and payment which is resulting in a large amount of investment in the crypto market.
Which cryptocurrency will give higher returns and emerge as the biggest cryptocurrency in 2022?
If one is asked which cryptocurrency, we should invest there are a lot of different choices for that. Some would say bitcoin is best while some share of people would say that Ethereum or another kind of cryptocurrency is best. But the question is which cryptocurrency will be best for investment in the year 2022. There are some of the best cryptocurrencies described below which can give you the best returns.
After bitcoin the second largest and most invested cryptocurrency is Ethereum. Ethereum was developed after the success of bitcoin. It is also known as Ether and some experts say that it is better than bitcoin. The value of Ether at the time of article writing is 1,981.57 USD. It is one of the most stable crypto in terms of fluctuation in the crypto market. Many projects like star atlas, Axie infinity, and many more use Ethereum Blockchain for transaction purposes. In today’s time, the value of cryptocurrencies is decreasing and many experts are saying that it is a very good time for those who want to buy or invest in Ethereum.
One of the best stablecoins present in today’s world is Tether which is providing a less volatile nature in comparison to bitcoin or Ethereum. It is because it is linked to US dollars. The all-time low value of the Tether is recorded as $0.9455 and now today the value of the Tether is 1.00 US dollars. It is currently the largest stablecoin present in the world and is one of the most used stablecoins by investors because of its property of not being vulnerable to non-stability like bitcoins and Ethereum.
Binance Coin (BNB)
The largest cryptocurrency being used for the exchange in the trading volumes is Binance Coin. It has similar features to bitcoin up to some extent. For example: like the no. of bitcoins is fixed that is 21 million the no. of binance is also fixed and the amount is fixed to 200 million which helps in the increase in the price of the token exponentially.