Cryptocurrency Beginner Pack: The most suitable cryptocurrency for beginners in 2022

In recent years, cryptocurrency has been a hot topic on various digital platforms such as Twitter and international news sites. Although the cryptocurrency market is highly volatile, it has proven to be a good long-term investment option for investors with strong interests.

The end of the year is approaching, and it is an impor 

tant moment for cryptocurrency enthusiasts to study which cryptocurrencies are suitable for investment in 2022. It is important to understand which cryptocurrencies are more likely to achieve good results in 2022 so that you can remain unbeaten and get greater returns. At Bitcasino, we introduce you detailed information about the most suitable cryptocurrencies for investment in 2022:

Looking back at the cryptocurrency market from 2019 to 2021

In the past few years, the cryptocurrency market has experienced a series of ups and downs. No one can deny that it has successfully attracted the attention of the world. Here, we review the various achievements and challenges faced by this industry from 2019 to 2021:

Achievement

The cryptocurrency market continues to grow every day and opens the door of financial technology to the world. Some of the most notable achievements in the cryptocurrency field so far are as follows:

• The outstanding representatives of cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), both reached their peak in 2021: Bitcoin's price reached $65,000 in April 2021, and Ether also reached an all-time high of 4,000 in May 2021. Dollar.

• Cryptocurrencies with a speed exceeding Bitcoin's 7 transactions per second (TPS) record were born successively. For example, Ether is 25 TPS, Tron (XRP) is 1500 TPS, and Sol coin (SOL) is as high as 5,000 TPS.

• Business giants such as Tesla and Square have participated in the investment and trading of cryptocurrencies.

• Cryptocurrency has penetrated many fields outside the financial industry, such as video games and entertainment industries.

challenge

In addition to the above achievements, the cryptocurrency industry also faces the following challenges:

• Cryptocurrencies have experienced a series of price plunges: in the past three years, many cryptocurrencies have encountered peaks and troughs.

• Large financial institutions around the world, such as the central banks of certain countries, have mixed reviews on cryptocurrencies. Cryptocurrencies are also banned in countries such as China and Russia.
  
  
  

The most suitable cryptocurrency to invest in 2022

Below, we introduce to you the most worth investing cryptocurrency in 2022:

Bitcoin (BTC)

Bitcoin is the most famous cryptocurrency, with a market value of more than $1 trillion, ranking first. It was created in 2009 by a mysterious character whose alias is Satoshi Nakamoto. Bitcoin is the first digital coin to use the underlying blockchain technology, which allows transactions on computer networks to remain secure and irreversible.

Why Bitcoin is worth investing in

• Bitcoin is the driving force behind the cryptocurrency market

As the driving force of the cryptocurrency market, Bitcoin can be used as a good long-term investment object because it has the highest market value and is also the most eye-catching among all cryptocurrencies. Most investors started trading Bitcoin before trying other cryptocurrencies. As a result, it has become more and more popular, and its market value has continued to increase. As a result, you are more likely to get rich returns when you invest in Bitcoin.

• Bitcoin has become mainstream

Nowadays, Bitcoin is slowly being accepted by countries all over the world, changing the situation that was previously suspected. For example, El Salvador was the first country to use Bitcoin as an official currency, further demonstrating the legitimacy of cryptocurrency to the public. In addition, some countries such as the United States and Australia have also legalized bitcoin transactions for trading purposes.

• Bitcoin still has room for appreciation

Although Bitcoin has experienced a series of ups and downs, many investors still believe that the price of Bitcoin will continue to rise in the future. Well-known billionaire venture capitalist and Bitcoin investor Tim Draper said that by early 2023, Bitcoin is more likely to reach a market price of $250,000. At the same time, the popular news website Bloomberg published a report in April 2021, predicting that by the end of 2021, the price of Bitcoin will reach $400,000. Therefore, it is very important to learn how to protect your Bitcoin from market fluctuations.

 

 

Ether (ETH)

Ether is the second-largest cryptocurrency after Bitcoin, with a market value of up to 425 billion U.S. dollars. It was created in 2015 by Russian-Canadian programmer Vitalik Buterin (Vitalik Buterin). Contrary to Bitcoin, Ethereum uses smart contracts to draft terms and regulations for transactions between two parties in the form of code. This makes transactions more efficient and safe and does not require an intermediary.

Why Ether is worth investing

• Ether uses the largest blockchain network

Ethernet is the largest blockchain network, suitable for decentralized applications (dApps) whose functions are not controlled by a single entity. In addition, its system allows the creation and use of the Ethereum Request for Comments Protocol (ERC-20), which paves the way for the improvement of various cryptocurrencies and enables seamless interaction between them.

Therefore, Ether has become the first choice for those who dare to try to develop a new type of cryptocurrency. It is a good investment for those seeking short-term and long-term gains.

• Ether is constantly updated

Due to the ETH2.0 upgrade, the potential of Ethernet has continued to grow over the years, making it the best choice for encryption investment. Compared with the proof-of-work protocol (PoW) used in Bitcoin, the proof-of-stake mechanism (PoS) of Ethereum is known for its efficient and fast transactions and uses less energy.

• Ether is more friendly to business use

One advantage of investing in Ether is that it is often used in commercial transactions. This is because its smart contract feature allows various industries to improve their processes and increase transparency. In addition, there are many places where Ether can be used. The industry believes that Ether will continue to thrive and have the potential to surpass Bitcoin.

A detailed explanation of the steps to use the little fox cryptocurrency wallet

For a faster and more convenient way to invest in Ether, you can try the Little Fox cryptocurrency wallet (MetaMask). It exists in the form of a browser extension, allowing users to store ether and other tokens that comply with the ERC-20 protocol. It's free and easy to use, you only need to complete the following three steps:

1. Install Little Fox Wallet on your browser

There are extensions for Little Fox Wallet in the app stores of most browsers, such as Google Chrome, Mozilla Firefox, and Opera. The first thing you need to do is to search in your browser, and the little fox wallet will appear at the top of the search results.

After that, click Install and make sure to press the "Add to Chrome" and "Add Extension" buttons so that they will immediately appear in the upper right corner of your screen.

2. Register an account

After installing the extension of Little Fox Wallet, click on it to open the application. If you want to use the latest version, click the "Try" button and the "Continue" button.

After entering it, click the "Create" button. Of course, you also need to accept the user terms before proceeding to the next step.

At this time, you need to click the "Click here to display the secret phrase" button, and you will get a mnemonic phrase consisting of 12 words. For the sake of safety, please write it on a piece of paper, and do not enter it on any digital platform. You also need to verify the mnemonic phrase by selecting the previously generated word, and then click "Confirm". Now, you have a little fox account and a brand new Ethereum wallet.

3. Deposit to the account

To deposit some funds, you should first click "View Account" to check all the details of the newly created account. Here, you can view your public address and share it with others when making transactions.

Polka Coin (DOT)

Gavin Wood released Polkadot (DOT) in 2016. As we all know, it is similar to Ethereum, allowing users to build decentralized applications and use smart contracts. It is part of the Parachain blockchain network, which connects different blockchains and allows users to transact across various blockchain platforms. In addition, its market value is as high as 33 billion U.S. dollars, and the market is performing well.

Why Polkacoin is worth investing

Polkacoin has a good foundation among programmers

According to Capital2Markets President Keith Bliss (Keith Bliss), in the comparison with Ethereum, most programmers think Polkacoin is more secure. This allows them to make their blockchain, thereby expanding the team of Polkacoin developers.

• Polkacoin solves the scalability problem

Scalability is a common problem in blockchain, especially the impact on transaction speed is particularly serious. For example, the transaction speed of Bitcoin is 7 TPS, but if the number of transactions per second exceeds 7, the remaining transactions will be queued, resulting in a long processing time. Polkacoin solves this problem through its para chain to reduce the possibility of congestion and makes transactions faster and more efficient.

• Polkacoin has obvious room for appreciation

As of October 2021, the market price of Polkacoin is $33.50, which is much lower than most cryptocurrencies, but many experts believe it has a bright future. According to Coin Price Forecast, Polkacoin is most likely to reach $50 in the first six months of 2022, making it an excellent investment target next year. In addition, they stated that the price of Polkacoin may reach $75 by the end of 2023.

Binance Coin (BNB)

Binance Coin is currently the fourth-ranked crypto asset with a market capitalization of US$72 billion. It is the cryptocurrency used by the Binance exchange for trading and payment of fees. It was released in 2017 and allows exchange users to trade at a lower price. At the same time, Binance strictly limits the number of tokens in circulation to less than 200 million.

Why Binance Coin is worth investing in

• Binance Coin has many uses

Initially, Binance Coin was used for trading purposes on the Binance Exchange. However, it is now used to pay for goods, services, and transaction fees on the Balance Smart Chain (BSC). This subsequently became a major investment in Binance, making it the world's largest cryptocurrency trading website.

• The market price of Binance Coin is predicted to rise to $500

Judging from the data predicted by the Coin Price Forecast, the price of Binance Coin is expected to reach $500 by the end of 2021. Then, it is very likely to reach $1,000 in mid-2025, thus becoming a valuable investment in the future.

• Many projects of Binance can promote its development

After the smart chain, Binance is carrying out more projects to further improve performance. The increase in price and demand will put Binance Coin at the top of the food chain.

Cardano (ADA)

CCCC

Cardano came out in 2017 and is known as the third-generation cryptocurrency. It was created by Charles Hoskinson, who is also the co-founder of Ethernet. The characteristics of Cardano are more environmentally friendly, faster transaction speed, and more secure system.

Why Cardano is worth investing

• Cardano can solve energy usage problems

Unlike most cryptocurrencies, Cardano is one of the few cryptocurrencies that can solve the problem of energy use. It only uses 6 gigawatt-hours in mining, while Bitcoin uses 130 terawatt-hours, and Ether needs to use 50 terawatt-hours before the ETH2.0 version is launched.

• Cardano has a transaction speed of 257 TPS

With a transaction speed of up to 257 TPS, Cardano is impressive. Because this speed has exceeded most cryptocurrencies, such as Bitcoin's transaction speed is only 7 TPS.

• Cardano has penetrated into multiple industries

Cardano is a good investment object because it is used in various industries such as finance, medical treatment and agriculture, which proves its vitality and vitality. According to data from digitcoinprice.com, the price of Cardano will rise to $4.97 in 2022.

Cryptocurrency will continue to explode in 2022

As more and more people are interested in investing, the cryptocurrency market will continue to flourish. If you are interested in trying it out, we will introduce you the following two cryptocurrencies that will be promising in 2022:

Sol Coin (SOL)

Although Solcoin is still a newcomer in the cryptocurrency market, it has attracted attention since its birth in 2020. Today, its market value is as high as 46.83 billion U.S. dollars, ranking seventh. Solcoin is also involved in smart contracts and is in competition with large cryptocurrencies such as Ethereum and Cardano.

However, Solcoin’s success is mainly due to the rise of non-fungible tokens (NFTs) that can be bought and sold on the platform. On the other hand, Solcoin has a transaction speed of 50,000 TPS and a fee rate of $0.01 per transaction. The Coin Price Forecast predicts that by the end of 2021, the market price of Solcoin will reach US$500; and in 2022, it will double to US$1,000.

Uniswap (UNI)

Although it only came out in 2020, the market value of UNI currency has reached 25 billion U.S. dollars. According to Coin Gecko's data, this is currently the 12th largest cryptocurrency in the market. The UNI coin was first discovered and put into use in the Uniswap exchange of the same name in 2018. Uniswap, established in 2018, is the fourth-largest exchange in the world.

According to estimates by many cryptocurrency experts such as Economic Observation, the price of UNI currency will reach US$31 by the end of October 2021. They also believe that by December 2021, the price of the UNI coin may reach the historical high of $42, and the peak of the UNI coin will be realized by the beginning of 2022.

Different predictions for the cryptocurrency market in 2022

Here are the predictions of different experts on the cryptocurrency market:

• Investors will stick to the "gold standard" of investing in Bitcoin, thereby enhancing the value and credibility of the cryptocurrency market.

• As one of the places where you can buy cryptocurrency, the service level of cryptocurrency exchanges will be further improved because the industry will become more popular in 2022.

• The use of cryptocurrency to engage in illegal activities will be subject to strict supervision and restrictions by governments of various countries.

• Some universities will start accepting payments in cryptocurrencies.

• Ether is likely to surpass Bitcoin and increase its market influence.

• Cryptocurrency will be used for commercial transactions, such as purchasing goods on Amazon.

The new atmosphere of the cryptocurrency market.

The new climate in the cryptocurrency industry is having an impact on human society, which is exciting:

• Pay attention to environmental protection issues

In the cryptocurrency community, many people have been considering that the mining process of cryptocurrency is harmful to the environment. In fact, Tesla CEO Elon Musk pointed out that the use of fossil fuels to mine bitcoin has a harmful effect on the environment, which is why his company no longer accepts bitcoin for payments. However, the cryptocurrency market is currently studying ways to solve these problems, and through innovation to find ways to reduce the carbon footprint. This includes the creation of sustainable cryptocurrencies such as Cardano and the use of a new process called Chia, which consumes less energy than traditional mining.

• The advent of central bank digital currency.
  
  CCCCC

In order to adapt to the changes of the times, central banks in various countries are creating their own digital currencies based on blockchain technology, called Central Bank Digital Currency (CBDC). This is a legal tender made and supported by the central bank. You can find projects related to these central bank digital currencies around the world, including the Bahamas, India, and Saint Lucia. The emergence of central bank digital currency proves that banks are gradually leaning towards digital business platforms instead of staying on traditional financial means.

Choosing the right cryptocurrency, the first shot in 2022

Investing in cryptocurrency is a wise choice because the market has been improving over the years and its potential has been fully recognized. Start by learning how to invest in cryptocurrency, choose the cryptocurrency that will explode in 2022, and greatly increase your investment ability. A journey of a thousand miles begins with a single step. Let's start a glorious journey right away.