Top 5 Cryptocurrencies Performance in 2022 by Myles Watkins Currently, there are almost 16,000 cryptocurrencies available for investment, so choosing which one to use is complicated. As a result, more and more cryptocurrency experts like Myles Watkins are searching for the next big thing with the hope of generating huge returns. A brief overview of how you can find your digital assets to invest in is also included below, as we cover the five best new cryptocurrencies to buy in 2022.
As with most cryptocurrencies, BTC runs on a blockchain, which is a ledger of transactions that is distributed across a network of computers. Bitcoin is held secure and safe from fraudsters because additions to the broadcasted ledgers must be confirmed by decoding cryptographic puzzles, called proof of work. Due to its success as a household name, Bitcoin's price has skyrocketed. In May 2016, Bitcoin sold for about $500. As of Jan. 11, 2022, a single Bitcoin was worth over $41,000.