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The current phase of digital assets is popularly denoted as the great crypto market meltdown, and this phenomenon is not just restricted to a particular geographical area. As global economies continue to suffer at the hands of inflation, the market value of the broader crypto market is also going downhill besides facing financial losses and risks due to the declining values of cryptocurrencies. Considering just how many cryptocurrencies are now in circulation, choosing the best cryptocurrencies for your portfolio is no easy feat. In this article, we have listed the top 10 cryptocurrencies to buy when DXY reaches new highs.
Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called Ether, or ETH, or simply Ethereum. ETH has been at the forefront of a blockchain smart contract platform. It is one of the top 10 cryptocurrencies with millionaire-maker potential in 2022.
Tether is a popular cryptocurrency in the world. Among stablecoins, Tether takes the top spot. All stablecoins tie their value to another asset. For Tether, that asset is the U.S. dollar. In theory, Tether is like a "crypto-dollar" that should similarly maintain its value as physical U.S. dollars do.
Polygon introduced its version of the Ethereum Hardfork, which makes its pricing more predictable, eventually making MATIC deflationary by burning coins. Its purpose is to avoid over-flooding the market with token circulation, eventually improving the overall value of the token.
Ripple XRP is part of the rapidly-growing cryptocurrency universe that has enjoyed remarkable growth in fortunes over the past year – and continues to make headlines. Because of its consensus protocol, XRP can process transactions in seconds at a low cost and with minimal energy. This makes it one of the more environmentally friendly cryptocurrencies. Bitcoin transactions, on the other hand, aren't efficient. It is one of the top 10 cryptocurrencies to explode in 2023.
Binance Coin is another alternative investment to Bitcoin and Ethereum that Redditors love. The coin is the native currency of the Binance cryptocurrency exchange, one of the largest crypto exchanges in the world in terms of volume of transactions. It is the third-largest coin by market capitalization even though the transaction fees of the Binance exchange are some of the lowest in the world. It is one of the top 10 cryptocurrencies with millionaire-maker potential in 2022.
Cardano is the third-generation cryptocurrency that integrates the hallmark features of the first-generation, Bitcoin, and the second generation, Ethereum. Its platform provides an efficient alternative to the standard Proof of Work (PoW) network used by Ethereum and similar tokens. It is one of the best cryptocurrencies to buy before 2022 begins.
Shiba Inu is a meme-based cryptocurrency that has overtaken its long-stood rival dogecoin in the past month with an 800% price gain. Although market experts are not sure about its fluctuations as SHIB was launched in 2020, its currency performance in the market has outperformed many top cryptocurrencies.
Dogecoin is the first meme cryptocurrency that started with a joke that trended on the internet a long time back. After keeping a position of safety for some since its commencement in 2013, Dogecoin showed potential in 2020 when it was acknowledged as a payment model among sports teams and entered the AMC theatres. It is one of the top 10 cryptocurrencies with millionaire-maker potential in 2022.
The Polkadot protocol connects public and private chains, permissionless networks, oracles, and future technologies, allowing these independent blockchains to restlessly share information and transactions through the Polkadot relay chain. It is one of the top 10 cryptocurrencies with millionaire-maker potential in 2022.
Solana is a highly functional open-source project that banks on blockchain technology's permissionless nature to provide decentralized finance (DeFi) solutions. The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
