5 safest cryptocurrencies to invest wisely

Do you want to invest in cryptocurrencies but don’t know much about it? No problem ! Through this article you will find some of the safest digital currencies on the market.

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Cryptocurrency is digital currency that is not controlled by a traditional banking system, such as a government. Instead, it is based on blockchain. It is a technology for storing and transmitting information without central authority. Technically, it is a database whose user-sent information and internal links to the database are checked and grouped into blocks at regular intervals, forming a chain. As digital currencies gain popularity on Wall Street, more options are becoming available. There are currently over 19,000 cryptocurrencies on the market.

While you can use cryptocurrencies to make purchases, most people consider them a long-term investment and therefore a financial gamble that will allow you to make quick money, provided you know where to invest. Indeed, the volatility makes investing in cryptocurrencies risky, as evidenced by the recent free fall of cryptocurrencies, including the so-called stablecoins pegged to the US dollar. In this sense, it is therefore particularly important to know what you are getting yourself into before buying. That said, here are five top-notch cryptocurrencies that may be worth investing in in 2022.

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5 cryptocurrencies to invest in in 2022:

1. Binance Coin (BNB)

Binance Coin is the third largest cryptocurrency by market capitalization with approximately EUR 42 billion. BNB offers investors a great way to bet on Binance’s thriving ecosystem, which includes the world’s largest cryptocurrency exchange. Binance is known to have a big lead in buying and selling digital assets.

2. Solana (SOL)

Known as the main competitor of Ethereum, Solana was launched by a promising young company that managed to establish itself in the cryptocurrency world and claim a significant market share. The following year of its inception, Solana took the world by storm, rising from around $1.40 to over $158 by the end of 2021. And its evolution should continue to attract investors.

3. Shiba Inu (SHIB)

Shiba Inu was one of the digital currencies with the biggest increase in 2021, rising more than 48,000,000%. Although the hype has abated a bit since then, it still has a lot of potential as a top cryptocurrency that could explode even further in 2022 and beyond. The Shiba Inu has developed its own character and is increasing in value.

4. Ether (ETH)

Ether is one of the best cryptocurrencies to buy right now. Firstly because of the great development of its network, but also thanks to the event “The Merge”, which will bring together the current Mainnet chain with the Beacon chain, taking the network from the expensive, slow and energy-intensive to a much more efficient proof of stake system. This should hypothetically help speed up the Ethereum ecosystem again and support Ether.

5. Bitcoin (BTC)

Like the rest of the market, Bitcoin is going through a rough time. But a news published by Fidelity Investments in late April could change the game: The largest US retirement plan provider has announced that it will allow investors to buy bitcoins directly into their accounts. About 23,000 companies use Fidelity Investments to manage their retirement plans, a market that spans more than 20 million people and $2.5 trillion in assets.

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