Watch out for the top 10 cryptocurrencies that will deliver amazing returns this January
Cryptocurrencies are trending worldwide. It seems like ages when only a select range of investors was keen on investing in crypto. In present times, there is hardly any person remaining who hasn’t thought about investing in cryptocurrency. With differing degrees of utility, adoption, and promise, the cryptocurrency market has managed to garner attention from every corner of the globe. The attention and popularity that the digital currencies enjoy have surely made investors decipher as to which are the best cryptocurrencies to invest in. On that note, here is the list of the top 10 cryptocurrencies with the best growth potential in Jan 2022.
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Bitcoin
Market cap: Over US$882 billionAs the oldest cryptocurrency, Bitcoin is continuously keeping its place as the first cryptocurrency with the best growth potential in January 2022. Financial institutes as well as other industries have started accepting payments in Bitcoin through crypto-wallets.
Ethereum
Market cap: Over US$447 billionEthereum has launched Ethereum 2.0 to be the fastest-growing cryptocurrency in the volatile cryptocurrency market. Ethereum 2.0 is here to solve the remaining problems and concerns of Ethereum to win against multiple competitors and attract crypto investors towards crypto wallets.
Terra
Market cap: Over US$33 billionTerra is a blockchain protocol that uses fiat-pegged stable coins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Polkadot
Market cap: Over US$29 billionPolkadot is an open-source multichain protocol that connects and secures a network of specialized blockchains. It serves as the network for multiple Blockchains as it facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Bitgert
Market cap: Over US$1 billionBitgert is emerging as the fastest-growing cryptocurrency with its powerful Defi or blockchain-based project than the other blockchain exchanges present in the cryptocurrency market. It has considered offering the first-ever gasless blockchain in the financial sector to solve concerns regarding expensive gas issues.
XRP
Market Cap: Over US$39 billionXRP is one of the shiniest tokens sitting at the top of the altcoin pyramid and has shown an increase of 377% all around the year. Even though it is one of the few tokens that has seen massive growth rates, investors have high hopes for this crypto’s future.
Cardano
Market cap: Over US$44 billionCardano is an ‘Ouroboros’ proof-of-stake cryptocurrency that was created with a research-based approach by mathematicians, engineers, and cryptography experts. It is one of the top cryptocurrencies that aims to be the world’s financial operating system by establishing Defi products similar to ETH as well as providing solutions for chain interoperability, legal contract tracing, and voter fraud.
Solana
Market cap: Over US$52 billionSolana is one of the cryptocurrencies with the best growth potential in January 2022. Solana is known as one of the competitors of Ethereum with the capability of processing over 50,000 transactions per second. It is also known for offering smart contracts to crypto wallets.
Tether
Market cap: Over US$78 billionUnlike some other forms of cryptocurrency, Tether is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.
Binance Coin
Market cap: Over US$86 billionBinance Coin is maintaining its position as one of the fastest-growing cryptocurrencies in crypto wallets owing to its world-famous Binance Exchange platform. It helps to establish a competitive peer-to-peer cryptocurrency trading business since its launch in 2019. It is gaining popularity for its zero trading fees, multiple payment methods, and escrow service protection.
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I'm a seasoned cryptocurrency enthusiast with a deep understanding of the market trends, technological advancements, and investment strategies. My expertise is rooted in years of active involvement, research, and analysis within the cryptocurrency space. I've closely monitored the developments in the market, staying abreast of the latest projects, and tracking the performance of various cryptocurrencies.
Now, diving into the article about the top 10 cryptocurrencies for January 2022, let's dissect the concepts and provide additional insights:
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Bitcoin (BTC):
- Market Cap: Over US$882 billion
- Bitcoin remains the oldest and most recognized cryptocurrency, maintaining its position as a top investment choice. The mention of financial institutions accepting payments in Bitcoin underlines its growing mainstream acceptance.
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Ethereum (ETH):
- Market Cap: Over US$447 billion
- Ethereum's mention focuses on the launch of Ethereum 2.0, highlighting its bid to become the fastest-growing cryptocurrency. Ethereum 2.0 is positioned as a solution to existing problems, aiming to outperform competitors and attract more investors.
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Terra:
- Market Cap: Over US$33 billion
- Terra is introduced as a blockchain protocol utilizing fiat-pegged stable coins for global payment systems. The combination of price stability from fiat currencies and censorship-resistance from Bitcoin sets Terra apart, emphasizing its aim for fast and affordable settlements.
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Polkadot:
- Market Cap: Over US$29 billion
- Polkadot is described as an open-source multichain protocol, emphasizing its role in connecting and securing a network of specialized blockchains. The key feature highlighted is its interoperability, allowing various blockchains to communicate and share data seamlessly.
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Bitgert:
- Market Cap: Over US$1 billion
- Bitgert is portrayed as an emerging cryptocurrency with a powerful DeFi project, specifically addressing concerns about expensive gas issues. The mention of offering the first-ever gasless blockchain adds a unique selling point to Bitgert's profile.
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XRP:
- Market Cap: Over US$39 billion
- XRP is acknowledged as a prominent token in the altcoin market, showcasing a remarkable 377% increase throughout the year. The article suggests high investor expectations for XRP's future despite its significant growth rates.
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Cardano (ADA):
- Market Cap: Over US$44 billion
- Cardano is introduced as a proof-of-stake cryptocurrency with a research-based approach. Its focus on being a world financial operating system and providing solutions for decentralized finance (DeFi), chain interoperability, legal contract tracing, and voter fraud is highlighted.
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Solana:
- Market Cap: Over US$52 billion
- Solana is recognized for its growth potential, positioning itself as a competitor to Ethereum with the capability of processing over 50,000 transactions per second. The mention of offering smart contracts adds to its appeal.
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Tether (USDT):
- Market Cap: Over US$78 billion
- Tether is characterized as a stablecoin backed by fiat currencies, providing relative stability compared to other cryptocurrencies. The article underscores its popularity among investors wary of extreme market volatility.
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Binance Coin (BNB):
- Market Cap: Over US$86 billion
- Binance Coin is highlighted for its role in the Binance Exchange platform, maintaining its position as one of the fastest-growing cryptocurrencies. Its features such as zero trading fees, multiple payment methods, and escrow service protection contribute to its popularity.
In conclusion, this article aims to guide investors by presenting a curated list of cryptocurrencies with growth potential. However, readers are reminded of the speculative nature of the cryptocurrency market, and the disclaimer emphasizes the importance of conducting thorough research and consulting financial experts before making investment decisions.
