Cryptocurrencies are trending around the world. Investing in crypto seemed like a long time ago when only a few investors were interested, and almost no one today has not thought about investing in cryptocurrency. The cryptocurrency market has garnered attention from every corner of the globe due to its unique utility, adoption, and promise. Digital currencies have attracted so much attention and popularity that they have made investors determine which cryptocurrency to invest in. On that note, here are the top 10 cryptocurrencies with the highest growth potential in January 2022.
Bitcoin
Market cap: Over US$882 billion
Bitcoin is continually maintaining its position as the first cryptocurrency with the best growth potential in January 2022 as the oldest cryptocurrency. Through cryptocurrency wallets, financial institutions as well as other industries, have begun accepting Bitcoin payments.
Ethereum
Market cap: Over US$447 billion
With the launch of Ethereum 2.0, Ethereum is expected to become the fastest-growing cryptocurrency in the volatile cryptocurrency market. Ethereum 2.0 seeks to solve Ethereum’s remaining problems and concerns to help win against multiple competitors and attract crypto investors to crypto wallets.
Terra
Market cap: Over US$33 billion
Terra is a blockchain protocol that uses fiat-pegged stable coins to enable global payments to be price-stabilized. In Terra’s white paper, the company combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Polkadot
Market cap: Over US$29 billion
Polkadot is an open-source multichain protocol that connects and secures specialized blockchain networks. In that it facilitates the cross-chain transfer of any data or asset types, not just tokens, it serves as a network for multiple Blockchains and makes them interoperable. Polkadot was designed to provide the foundation for a decentralized internet of blockchains, also known as Web3.
Bitgert
Market cap: Over US$1 billion
The Bitgert platform is proving more powerful than other blockchain-based exchanges on the cryptocurrency market with its Defi-based project than the other blockchain exchanges. The company has considered offering the first-ever gasless blockchain in the financial sector to solve concerns over expensive gas.
XRP
Market Cap: Over US$39 billion
XRP sits at the top of the altcoin pyramid and has increased by 377% since the beginning of the year. Even though it is one of the few tokens that has seen massive growth rates, investors have high hopes for this crypto’s future.
Cardano
Market cap: Over US$44 billion
The Cardano cryptocurrency was created with a research-based approach by mathematicians, engineers, and cryptography experts to take advantage of the ‘Ouroboros’ proof-of-stake algorithm. Defi aims to be the world’s financial operating system by creating Defi products similar to ETH as well as providing solutions for chain interoperability, legal contract tracing, and voter fraud.
Solana
Market cap: Over US$52 billion
The Solana coin is one of the cryptocurrencies with the best growth prospects in January 2022. Known as one of Ethereum’s competitors, Solana is capable of processing over 50,000 transactions per second. The company also provides crypto wallets with smart contracts.
Tether
Market cap: Over US$78 billion
Unlike some other forms of cryptocurrency, Tether is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.
Binance Coin
Market cap: Over US$86 billion
A large part of the reason why Binance Coin is one of the fastest-growing cryptocurrencies in crypto wallets can be attributed to its world-famous Binance Exchange platform. As of 2019, it has helped establish a competitive peer-to-peer cryptocurrency trading business. Due to its zero trading fees, multiple payment methods, and escrow service protection, it is becoming increasingly popular.