Which are the Top Ten Cryptocurrencies to Invest in April 2022?
Cryptocurrencies to invest in April 2022 includes Bitcoin, Ethereum, Tether, Binance Coin, USDC, XRP, Cardano, Terra, and Avalanche.
Many different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, can be confusing when you’re just getting started in crypto.
To assist you in getting started, here are the top ten cryptocurrencies in terms of market share or the actual amount of all coins currently on the market.
Bitcoin BTC
Market Cap: $867,941,834,686
Bitcoin (BTC) is the initial cryptocurrency, formed in 2009 by anyone using the pseudonym Satoshi Nakamoto.
As with most cryptocurrencies, BTC is centred on a blockchain, which is a ledger that keeps records across a network of thousands of computers.
Moreover, Bitcoin is kept secure and safe from fraudsters because additions to distributed ledgers must be verified by tackling mathematical puzzles, a method known as proof of work.
As Bitcoin has become a household name, its price has skyrocketed.
In May 2016, a Bitcoin could be purchased for around $500. A single Bitcoin was worth more than $46,300 on April 1, 2022.
That’s a more than 9,000% increase.
Ethereum (ETH)
Market Cap: $393,036,136,347
Ethereum, a cryptocurrency and a blockchain platform, is a favourite among programmers.
It is because of the potential applications, such as smart contracts that execute automatically when certain conditions are met and non-fungible tokens (NFTs).
Ethereum has grown tremendously as well. From April 2016 to the beginning of April 2022, its price increased by more than 31,000 per cent, rising from around $11 to over $3,450.
Tether (USDT)
Market Cap: $82,510,407,759
Unlike some different forms of cryptocurrency, Tether is a stable coin. It means fiat currencies back it like U.S. dollars and the Euro.
Tether hypothetically keeps a value equal to one of those denominations. It indicates Tether’s value is supposed to be more constant than other cryptocurrencies.
Moreover, it’s favoured by investors who are wary of the extreme volatility of other coins.
Binance Coin (BNB)
Market Cap: $71,888,854,037
The cryptocurrency Binance Coin can trade and pay fees on Binance, one of the world’s largest cryptocurrency exchanges.
Binance Coin has expanded beyond merely promoting trades on Binance’s exchange platform since its beginning in 2017.
It is now feasible to use it for trading, payment processing, and booking travel arrangements. In addition, it can also be exchanged for other cryptocurrencies like Ethereum or Bitcoin.
In 2017, the price of BNB was just $0.10. Its price had increased to around $445 by April 2022, a gain of approximately 445,000 per cent.
Solana (SOL)
Market Cap: $39,517,929,964
It was created to power decentralized finance (DeFi) applications, decentralized apps (DApps), and smart contracts.
Solana is based on a unique hybrid proof-of-stake and the proof-of-history mechanism.
Moreover, it allows processing transactions quickly and securely. SOL, Solana’s native token, powers the platform.
SOL’s price when it first launched in 2020 was $0.77. By April 1, 2022, its value had risen to around $136, a gain of more than 17,500%.
U.S. Dollar Coin (USDC)
Market Cap: $51,047,035,099
In the list of Cryptocurrencies to Invest in April 2022, USDC comes on number 6th. USD Coin (USDC), such as Tether, is a stable coin, which means it is backed by US dollars and aims for a 1 USD to 1 USDC ratio.
Ethereum energises USDC, and you can utilise USD Coin to start making international payments.
XRP (XRP)
Market cap: $37,915,967,869
Some of the same founders created it as Ripple. It is a digital technology and payment processing company.
Moreover, XRP can be used on that network to facilitate exchanges of different currency types. It includes fiat currencies and other major cryptocurrencies.
At the start of 2017, the price of XRP was $0.006. As of April 2022, its price reached $0.83, equal to more than 13,700%.
Cardano (ADA)
Market cap: $36,826,142,983
Cardano, which later came on the crypto scene, is renowned for its earlier embrace of proof-of-stake confirmation.
Removing the competitive, problem-solving factor of transaction validation found in platforms such as Bitcoin decreases transaction time, energy usage, and environmental effect.
Moreover, like Ethereum, Cardano uses ADA, its native coin, to enable smart contracts and decentralized applications.
In addition, Cardano’s ADA token has grown slowly compared to other major crypto coins.
In 2017, the price of ADA was $0.02. Its current value was $1.17 as of April 1, 2022.
It represents a 5,750% increase.
Terra (LUNA)
Market cap: $37,024,040,262
Terra is a blockchain payment platform that depends on balancing two types of cryptocurrencies.
Stable coins backed by Terra, such as TerraUSD, are linked to the value of physical currencies. Luna, their offset, powers the Terra platform and is used to create more Terra stable coins.
Terra stable coins and Luna work in pairs based on supply and demand.
When the price of a stable coin increases above the value of its tied currency, users are incentivized to burn their Luna to create more Terra stable coins.
Similarly, users are prompted to burn their Terra stable coins to mint more Luna when its value falls about its base currency.
As the Terra platforms achieve popularity, the value of Luna rises.
From Jan. 3, 2021, when it was $0.64, to the start of April 2022, the price of Luna has increased by more than 16,400% to $106.
Avalanche (AVAX)
Market cap: $23,704,122,849
Avalanche, such as Ethereum and Cardano, offers blockchain software for creating and executing smart contracts powered by a native token (in this case, AVAX).
Avalanche has grown rapidly since its inception in 2020, thanks largely to its low gas fees and fast transaction processing speeds.
AVAX’s price increased more than 2,000% from July 12, 2020, to April 1, 2022, rising from $4.63 to $97.58.
Invest in Top Cryptocurrencies Except Bitcoin to Guarantee High ROI This Financial Year
Many investors want to know about top cryptocurrencies except bitcoin to invest in because of the uncertain rate of Bitcoin.
