Nikit Shingari Explains Best Cryptocurrency to Invest in 2022

BEST CRYPTOCURRENCY TO INVEST IN 2022

According to Nikit Shingari, the cryptocurrency world is fast growing and over the past years, the cryptocurrency market has seen tremendous growth.

Bitcoin In case you are wondering why Bitcoin takes the first position in the list. It might be simply because it is the oldest cryptocurrency and by market capitalization the largest of all existing cryptocurrencies. It is presently the only digital currency with United States exchange-traded funds and occupies about 40% of the cryptocurrency market total value.

Ethereum By market capitalization Ethereum is said to be the second-largest cryptocurrency, amounting to about 20% of total market value.

According to Nikit Shingari, Ethereum is not just a digital asset but also provide one of the most used blockchains worldwide.

Polkadot

Polkadot cryptocurrency was launched in the year 2020 and is different in such a way that it can connect different blockchains. As a result, all the blockchains connected can work together, creating seamless operation with other blockchains.

Cardano

CARDANO OPERATES ON A PROOF-OF-STAKE PROTOCOL WHICH IS MORE ENERGYEFFICIENT MAKING IT TO BE ONE OF THE BIGGEST BLOCKCHAINS TO SUCCESSFULLY OPERATE ON SUCH. THEY AIM TO CREATE A DEVELOPERS ECOSYSTEM FOR DECENTRALIZED APPLICATIONS.

DOGECOIN

Dogecoin is an open-source cryptocurrency that was launched in 2013 and since then till now it has grown to become one of the prominent leading cryptocurrencies in the market. Dogecoin is considered to be the very first meme coin as well as the first dog coin ever created.

CONCLUSION

There are different types of cryptocurrencies in the market which can make it difficult for investors to decide which one to invest in. This is why Nikit Shingari believes the list in this post can help you narrow down your search as you consider various cryptocurrencies.

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