Top 4 Cryptocurrencies In 2022

Last Year, the crypto space experienced its annual value triple with various other positions in the blockchain industry enjoying the spotlight. Nike, Adidas, and tech Mahindra follow Facebook as It decided to shift into the new age of the internet and become Meta. After this many cryptocurrencies like Bitcoin, Ethereum, Cardano, and Ripple experience an all-time high in 2021.

Top 4 Cryptocurrencies to watch out for in 2022.

1. Bitcoin (BTC)

2. Ethereum (ETH)

3. Cardano (ADA

4. Ripple (XRP)

1. Bitcoin (BTC)

Bitcoin is the very first and most noteworthy cryptocurrency in the world when it comes to market share as well as trading volume. However, Altcoins is directly affected by the dominance of BTC, when displaying the market’s trading volume in BTC. These aspects are quite significant, considering that all cryptocurrencies traded against Bitcoin and Bitcoin’s supremacy can actually serve as an important indicator when trading.

2. Ethereum (ETH)

Ethereum is the second-largest cryptocurrency by market capitalization and it can not be ignored after its huge success in 2021. Ethereum is condemned for the congestion in the network that results in low transfer rates and high gas fees, Ethereum still has a long way to go. Several blockchains preferred Ethereum such as Defi and NFT platforms. Ethereum is used as a platform for more than 90% of transactions in NFT.

3. Cardano (ADA)

Cardano intends to help changemakers and visionaries to bring a positive change to the world. Cardano’s team focuses on a scalable, secure, and efficient decentralized network with a systematic approach to blockchain development and research. Undergoing several upgrades, Cardano uses a unique architecture that deploys a dual-layer system that is different from usual blockchain platforms.

4. Ripple (XRP)

Ripple is automation that acts as both a cryptocurrency and a computerized payment network for financial transactions. It was first released in 2012. The token used for the cryptocurrency is utilized the ticker symbol XRP. Ripple is a blockchain-based computerized payment network and protocol with its own cryptocurrency, XRP. The XRP ranks among the most important blockchain-based tokens by market capitalization. After an outstanding round of ups and downs in 2021,  the investors and traders are looking forward to 2022 in terms of crypto earn and better returns. Bitdenex is one of the simplest places to buy and sell Cryptocurrency, We want to make simple and easily investing and trading accessible to everyone.