TOP FIVE CRYPTO CURRENCIES

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This article will introduce the top five cryptocurrencies to watch in 2022. Cryptocurrency is a term used for virtual or digital money in the form of tokens or coins. Additionally, the field of cryptocurrencies is always expanding because the next great digital currencies are introduced every next day. Despite this, many other cryptocurrencies have managed to possess the top ranks.

Bitcoin

Bitcoin is the very first cryptocurrency introduced in the digital currency market. Bitcoin, from the first day, holds the leading position among other known digital currencies. The price per bitcoin is $7,305. According to available reports, there are roughly 17.1 million bitcoins in circulation.

Bitcoin has been around since 2009 and was created by an anonymous person or group of people known as Satoshi Nakamoto. Bitcoin is a cryptocurrency that means money that only exists digitally, so no one controls it and everyone can use it. The money is stored on your phone or computer in something called a “wallet” which can be accessed with a password.

Bitcoins are stored in wallets and they’re not physical coins, but you can buy them from traders all over the world using traditional money. You then send money to someone’s wallet anonymously without going through a bank because banks take days to transfer money to Nepal or anywhere across borders whereas bitcoin transactions happen almost instantly for very little cost.

Ethereum

The second position is of Ethereum that is like a digital token. Ethereum is comparatively smaller than bitcoin. The current market capitalization is $50 million. The total circulation is 100.7 million.

Ripple

unlike the above cryptocurrencies, the price per token is just 50 cents. The total circulation of Ripple according to the reports is 39 billion tokens.

Bitcoin cash

Among the five top cryptocurrencies, the total market cap of bitcoin cash is about $14.5 billion. The market price per coin is $843 and has a total circulation of just over 17.2 million BCH.

EOS

the market cap of EOS is $7.83 billion and the circulation is more than $896 million tokens.

Conclusion

If you’re looking for a different type of investment opportunity, cryptocurrencies might be the answer. The money is stored on your phone or computer in something called a “wallet” which can be accessed with a password. With this money, you can buy other coins from traders all over the world and send money to someone’s wallet anonymously without going through banks because they take days to transfer money across borders whereas bitcoin transactions happen almost instantly at little cost. For those who are interested in investing in cryptocurrency but want an easier way to manage their investments, we’ve created CryptoTrader – our best-selling trade automation software that trades cryptos based on predefined strategies 24/7!