Did you know that there are more than 34 million crypto owners in the United States of America? Buying crypto is a big way for investors to try to make a profit while also diversifying their holdings but you need to know the most popular cryptocurrency if you plan on using crypto to make purchases.
Prospectors might want to look for up-and-coming cryptocurrencies before diving into how to buy crypto. Others wish to invest in an established and popular cryptocurrency that still has some room to grow. There is no wrong answer when it comes to should I buy crypto as it is all up to you.
The good news is that you’re in the right place to learn more about the most popular cryptocurrencies on the market in 2022. Keep reading to learn about buying crypto and which cryptocurrencies to get today!
No one should get surprised that Bitcoin is the most popular cryptocurrency on the market. Its name is synonymous with cryptocurrency for most people. It was the first cryptocurrency to make it into mainstream culture and its value has grown dramatically over that period of time.
It took some time for cryptocurrency to make it into the consciousness of most people, but it offers a secure way to make transactions. Bitcoin first got developed and debuted in 2009 but it took until 2017 for the value to start skyrocketing. One thing to keep in mind with Bitcoin is that there is a market cap of $364 billion dollars for it.
If you’re looking into how to buy crypto and you have the available cash, you can’t go wrong with choosing Bitcoin. It is easily one of the most popular cryptocurrencies in use.
Another popular option on the market if you’re looking at buying crypto is Ethereum. The actual currency gets referred to as ether but the platform that you trade it on gets called Ethereum. Besides Bitcoin, Ethereum is the most well-known name in the world of cryptocurrencies.
The platform provides a number of useful and convenient ways for you to use your ether. It’s much more affordable than Bitcoin and it still offers some great upside if you’re looking at cryptocurrency as an investment opportunity.
The market cap for Ethereum is estimated at around $128 billion at the time of writing and you can get a coin of ether for a bit under $1,100. It’s a great option if you want to add a few different coins to your digital wallet.
Tether is different from Ethereum and Bitcoin due to the fact that it is an anchor coin. Most popular cryptocurrencies aren’t tied to the value of any assets. Tether is different because it is set at $1.00 per Tether coin and the value of the coins is tied to the value of the United States Dollar.
A big reason for the popularity of Tether is the ability to use it as a medium for traders that are looking for an easy way of converting one form of crypto into a different one. It’s a much easier process than moving a cryptocurrency back to dollars. There are rumors surrounding Tether that it isn’t backed by the U.S. dollar so consider buying crypto like this at your own risk.
USD Coin is quite similar to Tether since they’re both anchor coins. The value of one USD Coin is tied to the value of one U.S. dollar which means that there won’t be any wild or crazy swings in value. It’s a valuable medium if you’re looking to trade one form of crypto for another without risking a loss in value.
One of the largest trading platforms in the world for cryptocurrency, Binance offers its own coin which is one of the most popular options in the world. Binance got its start as a token that you could use as a way to get discounted trades when you were trading or exchanging crypto.
Over the years, Binance has allowed users to utilize Binance coins in order to make purchases for different goods and services. It’s another great option if you’re looking for a mid-level form of crypto to invest in. You can search here to find an ATM that works with Bitcoin and other popular cryptocurrencies like Binance Coin.
Binance USD is a coin that is available through the Binance platform but that gets tied in value to the U.S. dollar. It’s one of the best options out there if you’re looking for a stable coin due to the size of Binance is a crypto exchange platform.
You’ll get great peace of mind if you choose to start buying crypto like Binance USD because its value gets backed up by the New York Department of Financial Services. It’s also quite compatible with the Ethereum blockchain.
XRP is another option if you’re looking for the most popular cryptocurrency to buy in 2022. This popular cryptocurrency started with the name Ripple and it first got developed in 2012. The big thing that sets XRP apart from other cryptocurrency options is the fact that it offers you a number of different ways to pay for goods or services in real-world currencies.
It’s a great option if you make a lot of purchases in other countries. Digital nomads and travelers should definitely look into getting XRP if they’re looking at buying crypto since it is possible to use it for purchases in other countries.
Cardano is a bit new to the world of cryptocurrency but it is starting to grow in value. The trading platform is called Cardano but the currency itself that you’ll use with Cardano is referred to as ada. One of the co-founders of Ethereum created Cardano.
There are a number of upgrades and bonuses that you’ll gain from getting Cardano that you won’t get with other forms of crypto. The security is greater thanks to the use of smart contracts. Identity management is much easier when you’re using this form of the popular cryptocurrency.
Solana first came to prominence in March of 2020 making it one of the newest cryptocurrencies listed in this article. Solana developers claim that the main thing that sets it apart from other popular cryptocurrencies is the speed at which it handles transactions. It’s said to be rather robust as a platform.
There is a set cap on the number of SOL coins available for circulation, which is around 480 million coins. There is also a market cap of $11 billion for SOL coins as of 2022.
If you’re looking for the most popular cryptocurrency on the “fun” scale then there is no doubt that Dogecoin is the clear winner. Dogecoin was started as a joke, which only adds to the lore surrounding this popular cryptocurrency option. The name comes from the meme surrounding a Shiba Inu dog on the internet.
One big thing that sets Dogecoin apart from other successful cryptocurrencies like Bitcoin and Ethereum is the lack of a cap on the number of coins that are issued. Dogecoin is also great because you can use it to make payments or as a way of sending money to friends or family members.
The current market cap for Dogecoin is $9 billion, and you can get your hands on a Dogecoin for the paltry fee of six cents. It’s a great option if you’re new to buying crypto.
Dai is a stablecoin that you can purchase and use through the Ethereum platform. This coin is great for exchanges since its value gets tied to the value of the dollar in the United States. The thing that makes Dai popular is the ability to use it as crypto-collateral when it comes to lending purposes.
This great stablecoin option is available on a bunch of different exchange platforms that are centralized and decentralized. The market cap is set at $7 billion for the Dai coin and you can get one coin for one U.S. dollar.
Polkadot might be a bit more expensive than other fun options like Dogecoin, but it’s one of the more popular cryptocurrencies on the market in 2022. It first launched back in May of 2020 and it allows the technologies from blockchain to connect with a number of different currency options.
It’s definitely one of the best and brightest of the new cryptocurrencies that have launched over the past few years. Some crypto experts believe that it will surpass Ethereum in popularity in the coming years. It is definitely a great option if buying crypto is on your to-do list.
Start Buying the Most Popular Cryptocurrency for Your Digital Wallet
There are a number of answers that you might get if you asked crypto experts about their most popular cryptocurrency. Bitcoin is the first cryptocurrency that comes to mind when people think about buying crypto but there are some popular cryptocurrencies like Polkadot and Dogecoin to look into. You also can’t go wrong with investing in a stablecoin like Dai or Tether.
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