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Cryptocurrency Predictions 2022: Which Are the Best to Invest in?

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Cryptocurrencies are an investment area that is attracting more attention, even amongst Nigerians, despite the ban. In fact, in addition to the potential earnings prospects, buying these assets is now extremely simple thanks to the numerous platforms available online. However, deciding which digital currencies to buy is not easy, especially if you are the typical Nigerian investor that wants to purchase that can increase in value over time. So let’s try to understand what some of the cryptocurrencies that could grow in 2022 could be and how to buy them.

Where and How to Buy Cryptocurrencies


The platforms where to buy cryptocurrencies are many. Among the most used are eToro, a leading online broker in the sector for over a decade, and  Binance, which is one of the largest digital asset exchanges in the world.

Buying cryptocurrencies on both platforms is very simple. First of all, you need to register on the platform by entering your email, password, and some personal information. Second, you need to verify your account. This operation usually requires the insertion of a copy of some documents, such as an identity card. Additionally, you may be prompted to verify your phone number via SMS and/or email.

Once you have completed these steps, you will finally have an active account. At this point, simply access your page and, from this, select Buy Crypto in the case of Binance or click directly on the search bar if you are using eToro. Once this is done, you can purchase the cryptocurrency you want through various payment methods, such as credit or debit cards, bank transfers, and more.

The Best Cryptocurrencies for 2022: The Predictions

Many cryptocurrencies could see their value increase in 2022. Of course, it is impossible to predict exactly what they will be and, as in any form of investment, betting on one over another still carries a certain amount of risk. In any case, let’s now see some cryptocurrencies that must at least be kept under control in the coming months.

1. EOS

EOS is a cryptocurrency launched in 2018 which, although it has seen more or less stable prices in recent months, could hold big surprises this year. Behind this digital asset, there is a very competent development team and a support community that grows day by day.

Furthermore, the project behind this cryptocurrency, called EOSIO, is very ambitious and promising. EOS aims to change the world of blockchains, through the use of technology different from the others. EOSIO is a platform that allows the stipulation of so-called smart contracts, which guarantee flexibility and adaptability to transactions on the blockchain.

 

2. IOTA (MIOTA)

IOTA is a cryptocurrency that has been on the market for several years now. In fact, it was launched in 2016 and has seen numerous updates to date. It is an asset to keep an eye on, first of all for the solidity of the project behind it. The IOTA Foundation, in fact, is made up of professionals in the sector and collaborates with important companies such as Microsoft, Ubuntu, and more.

Furthermore, IOTA is a different cryptocurrency from the others. The concept behind it, in fact, is to create a digital currency that is truly decentralized, eliminating the figure of the miner as it is traditionally understood. Also, for this reason, IOTA has a highly innovative character, which makes it an asset with great growth potential in the next year.

 

3. Binance Coin

The Binance Coin cryptocurrency, released by the Binance platform, doesn’t need much introduction. As mentioned previously, in fact, the platform is one of the most important in the sector, with an average daily trading volume that exceeds two billion dollars. It is clear, therefore, that an asset released by such an organization benefits not only from the latter’s great experience in the field of cryptocurrencies but also from immense visibility.

For this and other reasons, Binance Coin is a digital currency that is rapidly gaining positions in the market, with growth that could continue for a long time. By this, it is certainly an asset to consider if you are looking for a valid cryptocurrency to buy in 2022.

4. Cardano (ADA)

The ADA cryptocurrency, associated with the Cardano project, is a token that has been on the market for a long time. Over the years, it has experienced many ups and downs, but it has always stood at satisfactory levels. This is due to some factors.

The main of these is that this project was born with the ambition, supported by solid foundations, to revolutionize the world of blockchains. Behind Cardano, in fact, is Charles Hoskinson, a co-founder of Ethereum. It is precisely this cryptocurrency, for years at the top of the market together with Bitcoin, that Cardano has always proposed to challenge. Although Ethereum’s position has not yet been scratched, Cardano’s project proved promising right from the start and could hold further surprises in 2022.

 

5. Polkadot (DOT)

Polkadot, whose cryptocurrency is called DOT, is also a project that aims to revolutionize the sector and the entire world of the Web. The idea behind it is to combine several specialized blockchains, called para chain, through a blockchain main, called a relay chain. In this way, it is possible to create a responsive and at the same time extremely adaptable system, which can guarantee interoperability between different networks.

Furthermore, the project is in the middle of the development phase and 2022 news and steps forward are expected in the process of developing the technology. Given this, it is clear that DOT is a cryptocurrency to watch over the next year.

 

6. Bitcoin Cash

One last cryptocurrency we can point to is Bitcoin Cash. As the name suggests, it is a fork of Bitcoin, or a fork of its blockchain, born in 2017. What differs from the more famous cryptocurrency from which it derives is the scalability, much higher in the case of Bitcoin Chain, and the times reduced transaction processing.

Having said that, it is not surprising that, thanks to its innovative nature, this asset has been able to carve out an important role in the digital currency market and today it is among the most traded assets. This trend could also continue in 2022 and, therefore, Bitcoin Cash could be a cryptocurrency to monitor in the coming months.

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