There are more than 10,000 cryptocurrencies in the market. Here are 5 top currencies to buy in Feb 2022.
There are more than 10,000 cryptocurrencies in the $2 trillion market. This coming 2022 is bound to see more growth in the crypto market, though where there are winning tokens there are often losing tokens too. This makes picking the next crypto gainer difficult, especially for first-time crypto investors.
Here we’ll go over five of the most exciting crypto projects to buy up this February 2022: Bitcoin, Ethereum, Solana, Polygon, and EverGrow Coin. While Bitcoin dominates over 40% of the cryptocurrency industry, the other so-called altcoins in this list have shown incredible over 2021. The baby in this list, EverGrow Coin, is one of the newest crypto gainers in the space but with many analysts naming it one of the best investments for 2022.
What are cryptocurrencies?
Cryptocurrencies are digital assets secured in a decentralised network. This structure allows cryptocurrencies to remain outside the control of central authorities and is distributed on a global scale.
Bitcoin was the first cryptocurrency to launch back in 2009. Since then it’s seen many competitors, known as altcoins. One of the easiest ways to analyse a digital coin’s performance is to look at its market cap, and how this compares to Bitcoin.
But as Bitcoin is already valued at an $833 billion market cap there’s still a lot of room for smaller projects to bring significant rewards to investors.
Bitcoin has remained #1 in the cryptocurrency market. It has no central bank or administrator behind it, and can be bought and sold through a peer-to-peer network. Bitcoin is indisputable and transparent, meaning payments are fully secured and protected. Bitcoin is currently up 25% over the last seven days and is seeing strong growth in February 2022, following a slump at the beginning of the year.
If you had invested $1000 USD in Bitcoin (BTC) at the beginning of 2021, you’d have owned $1,415 at the beginning of 2022.
Ethereum is a blockchain that secures digital ledgers to be publicly created and maintained. It’s a community-run technology linked the crypto coin Ether (ETH), and also allows other developers to create smart contracts and decentralised applications. Ethereum is up 26% over the last seven days and is also gaining strong after slumps in recent months.
If you had invested $1000 in Ether (ETH) at the beginning of 2021, by the start of 2022 you would have $4,260.
Solana is a decentralised blockchain that can process many transactions per second (about 50,000). In comparison, Ethereum can process 15 transactions per second while Bitcoin can manage just 7. Solana also has lower fees compared to other blockchains and uses the proof-of-stake (PoS) and proof-of-history (PoH) consensus method. Solana is also used for non-fungible tokens (NFTs). Solana is up 13% over the last seven days and has a strong period of growth is expected from February 2022.
If you invested $1000 in SOL at the start of 2021, by 2022 you’d have $74,163.
EverGrow Coin (EGC)
The baby of this list, EverGrow Coin was only launched in 2021. However, many times it’s the newcomers that become top crypto gainers so long as the core utility and fundamentals are strong. EverGrow showed this since launching in September 2021, quickly gaining a $30 million market cap and 130,000 investors. The unique project built on the Binance Smart Chain (BSC) pays out passive income in BUSD rewards to token holders, while also buying up EverGrow Coin (EGC) with all profits made to drive up the price and increase scarcity.
EverGrow Coin has seen rises of 38% in the last seven days. While there’s no data yet on $1000 investments over a year period, many analysts are predicting EverGrow Coin will be one to watch for from February 2022.
Polygon (formerly known as the Matic Network) is a blockchain scalability platform that connects and builds Ethereum-compatible blockchains. This helps lower gas fees compared to Ethereum, and boost speeds (Polygon can process 10,000 transactions per second). This makes Polygon one of the fastest networks around. Polygon has become a feature of several decentralised finance (DeFi) protocols and a popular platform for new digital tokens. Polygon is up 28% over the last seven days.
If you invested $1000 dollars in MATIC at the beginning of 2021, you’d have $124,649 by the start of 2022.
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