INTRODUCTION:

Around the world, there are roughly 4,450 digital currencies, the most famous of which is bitcoin, which has become a source of trust for one of the world's richest men, Elon Musk, who has invested about $1.5 billion in it. The top digital currencies for investment grew by twice as much in 2021 as they had since their existence, and some date back to 2006, when traders of these currencies made big profits, prompting policymakers to denounce them. 


According to official data, the global market value of digital currencies has surpassed the 1.5 trillion US dollar mark, with the withdrawal of funds from the exchange and other investments denominated in US dollars or gold accounting for a portion of the increase.


But the real question here is: What is the best cryptocurrency to trade with or to make money with?


First, let us agree that there is nothing called the best cryptocurrency, cryptocurrencies are super unstable, they can ultimately change from a night to morning, HOWEVER, there are some currencies that are better to trade with, they are more predictable and more logical,


Let me introduce you to the best currencies to trade and make money with!


5-CARDANO

Cardano (ADA) cryptocurrency (Cardano) has a market capitalization of approximately $55 billion, and its price has risen dramatically since 2021. The trading price of this currency did not exceed $0.20 at the start of the year, but by early September, it had risen to $3, making Cardano the world's third-largest digital currency.


The idea of introducing the Cardano coin dates back to Charles Hoskinson, a co-founder of Ethereum (Ethereum), who withdrew from it due to his opposition to Vitalik Buterin's plans to use the coin for non-profit purposes. With the coin's price fluctuating, 2022 could be a watershed year in the coin's history.


4-SHIB

In 2021, the SHIB coin (SHIBA INU) rose to prominence in the cryptocurrency industry, capitalizing on Dogecoin's qualitative leap.


After reaching an all-time high of $40 billion in market capitalization at the end of October, it has become one of the greatest digital currencies for investing.


Investors in the "Sheba Army," a popular meme, demanded that Robin Hood include the Sheba coin on its trading platform based on this information.


In recent weeks, the SHIB currency has lost half of its market value (about $20 billion). Indeed, recent currency market movements raise a variety of questions, including: Does the SHIB fall represent the Chiba Army's final buying opportunity? And, given the turbulence in the cryptocurrency industry, will its price plummet again in 2022?


3-ETHEREUM

Ethereum is the second most popular cryptocurrency in history, however, it is not the same as Bitcoin. Ether is the name of the cryptocurrency, while Ethereum is the name of the blockchain platform. Ethereum is a blockchain platform that allows for the creation of smart contracts.'


They can alternatively be thought of as pre-defined 'rules' that can be used to develop a variety of applications, or Dapps (decentralized applications). Games to Initial Coin Offerings (ICOs), which are the cryptocurrency world's version of crowdfunding or IPOs, are examples of Ethereum Dapps.


While numerous smart contract platforms have emerged since Ethereum, each claiming to provide more advanced blockchain technology, the original blockchain remains the most widely used.


While Bitcoin is designed to be a substitute for existing fiat currencies, Ether's primary purpose (apart from being exchanged as an asset) is to be used to pay for the Ethereum platform. A 'utility' cryptocurrency is what it's called.


2-LITECOIN LTC

Founded at the beginning of 2011, it joined the market at the same time as "Bitcoin," but it did not take off as quickly, despite boasting of being able to complete transactions four times faster than "Bitcoin."


It was the first cryptocurrency to be transacted on the Lightning Network in 2017, and the transaction took less than a second to complete.


The value of Litecoin LTC might skyrocket if the corporation expands its usage of this network for speedier transactions.




1-BITCOIN

Of course, we can't forget BITCOIN!

Bitcoin is the original cryptocurrency, and its birth in 2009 was the catalyst for the entire cryptocurrency movement. An individual or group of individuals operating under the pseudonym Satoshi Nakamoto devised Bitcoin and the blockchain technology on which it is based. Bitcoin was proposed as a possible replacement for the fiat monetary system. Satoshi Nakamoto's genuine identity has never been discovered.


Nakamoto stated in the Bitcoin whitepaper that a fiat monetary system dominated by central banks and a small number of financial institutions resulted in a concentration of wealth and power, making social and financial mobility difficult. Inflation undermined ordinary people's savings, owing in large part to central banks' money printing.


Bitcoin solves this problem by limiting the number of units ever released, avoiding money printing-induced inflation. Because Bitcoin uses peer-to-peer blockchain technology, it does not require banking institutions to facilitate transactions or verify ownership.


By far the most popular cryptocurrency, Bitcoin, and its price fluctuation have a significant impact on the rest of the cryptocurrency market.



THAT WAS THE END

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