Many cryptocurrencies are entering the space, and it is becoming difficult to keep track of the different tokens. As a result, if you are new, it would take time for you to enter the industry so that you don’t lose your money to scams. As the cryptocurrency world grows, you can even see its influence in many industries. Even if you follow sports news, you’ll see mention of cryptocurrencies and NFTs.
So, if you want to enter the industry, you need to ensure that you know what it takes and the top-performing coins you can buy. Also, you don’t want to pay too much money to buy your first crypto. Therefore, you need to go for those still in the early investment stage. In that case, here are five top-performing cryptocurrencies you should buy in 2022.
NFT lovers would know about the APE ecosystem, one of the biggest in the NFT space. And it is powered by a utility and ERC-20 governance token, Apecoin or $APE. The coin has a fixed supply of one billion tokens. Even though the supply is fixed, the contract lacks a token burning capability. Therefore, the supply won’t decrease.
In addition to that, there is no minting capability exposed using the contract interface; therefore, the supply won’t decrease. Also, a part of the tokens taken out for contributors will first be locked, and the tokens locked will be open after 48 months from March 17th. The coin price is currently fluctuating around $20, meaning it’s pretty affordable to enter.
Green Metaverse Token ($GMT)
The Green Metaverse Token or $GMT is a decentralized financial payment network helping rebuild the standard payment stack on the blockchain. The coin uses a series of fiat-based stable coins algorithmically stabilized by the reserve currency, facilitating programmable transactions, including open financial development.
The coin has been around for a while, and in 2020, the network recorded an estimated $299bn transaction for more than two million users. There are six billion coins available, and it has token burning capabilities, meaning the total supply would reduce. The coin is moved through Governance participation and Move&Earn. The current price is about $3.
We all know about the Ethereum blockchain and how many decentralized apps are being built on the system and different NFTs. An alternative to the Ethereum blockchain is Cardano, and it is currently growing as an ecosystem. It is currently one of the fastest-growing chains in the industry, and the ADA token powers the system.
Cardano, unlike ETH, uses a Proof of Stake consensus mechanism and a 2-layer architecture. Although it is relatively new, the technology is growing, and since the late, it has been on a steady rise from $0.03, and at one point, it hit $1.20. But based on the current market price, $ADA is rotating around the $1 markup price.
Solana is one of the fastest-growing blockchain ecosystems globally. It’s the number one rival to the Ethereum blockchain, and it currently powers tons of projects in the DeFi world. We have many NFT projects, DApps, Web3 platforms, and others built on the Solana platform, and the good thing is that it offers a better system than ETH.
It is even pegged as the Ethereum killer, given how easy and more affordable it is to use the system. On the Solana system, the token used is $SOL, and since a growing platform backs it, it is on the rise to being one of the best-performing coins in the industry. You can get 1 SOL at about $95, which is fair and affordable for a newbie.
Binance Coin ($BNB)
You’ve probably heard of Binance. One of the biggest names in the crypto world. The exchange platform has taken things to another level, and the ecosystem is growing. As a result, its base token, $BNB, is ranked as one of the best performers in the world. The coin has token burn capabilities to create scarcity. Therefore is not much in circulation.
The current price is flouting around $400, making it the most expensive on our list. However, if you have some money to splurge, this is a perfect investment, especially if you want to focus on the Binance exchange platform.
The first step to having a proper crypto journey is to ensure that you can spot the right coins to buy. If you are confused as to which one to go for, you should look at this list, pick one, and go all in. If you don’t want to do that, you can pick two or more and spread your capital. Either way, you’ll be investing on top cryptocurrencies.