List of top cryptocurrencies that have a better future than Bitcoin in 2022

While cryptocurrency has a volatile nature, investments in the market are still stronger than before. At its core, Cryptocurrencies are gaining popularity due to their ability to provide seamless transaction payments in a very short period of time. Investors are actively looking for wider options, and not just Bitcoin so as to earn more profits.

What are the top cryptocurrencies for the future?

1) Ethereum: Market Cap – $236 billion

Ethereum has become one of the favorites thanks to its smart contracts that seamlessly execute when conditions are met. The second reason is NFT, as the majority of NFTs operate on the Ethereum blockchain at the biggest NFT marketplaces such as OpenSea. 

2) Cardano: Market Cap – $16 billion

Cardano continues to remain one of the top cryptocurrencies mainly because of its flexible network and fast transactions. The cryptocurrency can justify higher pricing over time, similar to stock dividends, by accumulating real-world applications ranging from agriculture supply networks to preventing retail plagiarism. Overall, Cardano’s main selling factors include scalability, sustainability, and interoperability.

3) Solana: Market Cap – $15 billion

Solana was created to power decentralized finance (DeFi), decentralized apps (DApps), and smart contracts. It uses a hybrid proof-of-stake and proof-of-history mechanism to process transactions quickly and securely. The platform is powered by SOL, Solana’s native cryptocurrency.

SOL began trading at $0.77 in 2020. Its value has risen more than 6,200 per cent by mid-May 2022, to roughly $48.70.

4) Binance USD: Market cap – $17 billion

In today’s crypto exchange industry, Binance is the most well-known cryptocurrency exchange. The Binance smart chain, however, makes BNB much more appealing.

Particularly, BUSD, like other stablecoins, allows traders and crypto consumers to conduct transactions with other crypto assets while reducing volatility risk.

5) Tether: Market cap – $82 billion

Tether is a stablecoin, which means it is backed by fiat currencies such as the US dollar and the Euro and has a value that is theoretically equal to one of those denominations. Furthermore, the cryptocurrency’s value is considered to be more consistent than other cryptocurrencies, which is why it’s preferred by investors who are frightened of other coins’ excessive volatility. Tether Tokens exist as digital tokens built on multiple blockchains.

6) Dogecoin (DOGE) Market cap – $10.5 billion

Thanks to Elon Musk’s support, the DOGE coin has become one of the prominent choices among investors. There is no limit to the number of Dogecoins that may be created, unlike many other cryptos, making the currency vulnerable to devaluation as supply grows.

The value of Dogecoin was $0.0002 in 2017. Significantly, its value has risen about 40,000 per cent by mid-May 2022, to $0.08.

7) Litecoin: Market Cap – $5 billion 

Litecoin is based on an open-source global payment network that is not centralized and employs scrypt as a PoW that can be decoded by consumer-grade central processing units (CPUs).

One of the minor differences between Litecoin and Bitcoin is the speed with which transactions are processed. If a Bitcoin block is made every ten minutes, Litecoin blocks are created every 2.5 minutes. As a result, Litecoin has a higher transaction capacity than Bitcoin.