Top 10 Most Profitable Cryptocurrencies to Invest in Now

Top 10 Most Profitable Cryptocurrencies to Invest in Now

Most profitable Cryptocurrencies. Cryptocurrency trading is the most popular way to generate money, but it is extremely risky because of the tremendous volatility. However, due to the market’s massive growth potential, there are other viable ways to profit from cryptocurrencies. Here is the list of the most profitable cryptocurrencies that would bring higher returns in 2022.

Top 10 Most Profitable Cryptocurrencies to Invest in

1. Bitcoin (BTC)

Top 10 Most Profitable Cryptocurrencies to Invest in Now
Most Profitable Cryptocurrencies
  • Market cap: US$320.98 billion

Bitcoin (BTC) is the first cryptocurrency, having been created in 2009 under the pseudonym Satoshi Nakamoto. BTC, like most cryptocurrencies, is based on a blockchain, which is a distributed ledger that logs transactions across a network of thousands of computers.

Because updates to distributed ledgers must be confirmed by solving a cryptographic problem, a process known as proof of work, Bitcoin is kept secure and safe from fraudsters. Bitcoin’s value has increased as it has grown in popularity. When it was first released five years ago, Bitcoin cost around $500. The price of a single Bitcoin is currently over US$57,000. This equates to a 9122% increase. 

2. Ethereum (ETH)

Top 10 Most Profitable Cryptocurrencies to Invest in Now

  • Market cap: US$158.60 billion

Ethereum is a favorite of programmers because of its potential applications, such as smart contracts that run automatically when conditions are satisfied and non-fungible tokens. It is both a cryptocurrency and a blockchain platform (NFT). Ethereum has also exploded in popularity. In just five years, its price increased by more than 27,000 percent, from around US$11 to around US$3,000. 

3. Polkadot (DOT)

Top 10 Most Profitable Cryptocurrencies to Invest in Now
Most Profitable Cryptocurrencies
  • Market cap: US$6.36 billion

Polkadot (and its namesake crypto) intends to unify them by building a cryptocurrency network that connects the multiple blockchains so they may work together.

Since Polkadot’s launch in 2020, this integration has sparked significant growth and may transform how cryptocurrencies are maintained. Between September 2020 and September 30th, 2021, its price increased by 872%, from $2.93 to $25.61. 

4. Tether (USDT)

Top 10 Most Profitable Cryptocurrencies to Invest in Now

  • Market cap: US$68.29 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.

Tether’s value is intended to be more consistent than other cryptocurrencies, which is why it’s appreciated by investors who are frightened of other coins’ excessive volatility.

5. Dogecoin (DOGE)

  • Market cap: Over US$11.88 billion

Celebrities and billionaires like Elon Musk have made Dogecoin a popular issue. Dogecoin was famously established as a joke in 2013, but because of a committed community and inventive memes, it quickly became a popular cryptocurrency choice.

Unlike many other cryptos, such as Bitcoin, there is no limit to how many Dogecoins may be issued, making the currency vulnerable to depreciation as supply grows. In 2017, the price of Dogecoin was US$0.02. By September 30, 2021, its price had risen to US$0.20, a 101,800% increase.

6. Binance Coin (BNB)

  • Market cap: US$52.03 billion

Binance Coin is a cryptocurrency that may be used to trade and pay fees on Binance, one of the world’s largest cryptocurrency exchanges. Since its introduction in 2017, Binance Coin has grown beyond simply conducting deals on Binance’s exchange platform.

It can now be used for trading, payment processing, and even travel bookings. It can also be exchanged or traded for other cryptocurrencies like Ethereum or Bitcoin. Binance coin was only US$0.10 in 2017; by September 30, 2021, it had risen to nearly US $382, a 382,000 percent increase.

7. Cardano (ADA)

  • Market cap: US$11.90 billion

Cardano is renowned for being one of the first crypto projects that used proof-of-stake validation. By removing the competitive, problem-solving part of transaction verification found in platforms like Bitcoin, this solution reduces transaction time, energy consumption, and environmental impact.

Cardano functions similarly to Ethereum in that it uses ADA, its native coin, to enable smart contracts and decentralized applications. In comparison to other prominent crypto coins, Cardano’s ADA token has grown slowly. The price of ADA in 2017 was US$0.02. Its price was US$2.10 as of September 30, 2021. This represents a growth of more than 10,500%. 

8. Solana (SOL)

  • Market cap: US$6.691 billion

Solana is a cryptocurrency that 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 conduct transactions rapidly and securely.

The platform is powered by SOL, Solana’s native cryptocurrency. SOL’s price began at US$0.77 when it was launched in 2020. By August 2021, its value had risen to around US$140, a gain of nearly 18,000 percent. 

9. XRP (XRP)

  • Market cap: US$18.78 billion

XRP, a digital technology and payment processing company founded by some of the same people as Ripple, can be used on that network to ease the exchange of many kinds of currency, including fiat currencies and other major cryptocurrencies.

The price of XRP was US$0.06 at the start of 2017. Its value had risen to US$0.94 as of September 30, 2021, representing a gain of approximately 15,700%. 

10. USD Coin (USDC)

  • Market cap: US$43.88 billion

USD Coin (USDC), like Tether, is a stablecoin, which means it’s backed by US dollars and aspires to a 1 USD to 1 USDC ratio. USDC is based on Ethereum, and it may be used to make international transactions. 

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