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Trending Cryptocurrencies in 2022

Admin
January 12, 2023
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Following Bitcoin’s inception over a decade ago, the field of cryptocurrencies has grown rapidly, and the next big digital token could be issued overnight. Much of the fascination with cryptocurrencies stems from the desire to trade for profit, with speculators driving prices high at times. Here are three of the most popular cryptocurrencies you could invest in this year, according to most traders.

  • Bitcoin (BTC)

Bitcoin continues to dominate all digital assets, with a market cap of $8111 billion as of January 17. This pioneering cryptocurrency saw ups and downs, reaching lows of $40,000 in September and highs of $65,000 in October 2021. Despite this, crypto enthusiasts and investors continued to believe in this cryptocurrency, which was even lauded as digital gold and an inflation hedge by big banking institutions.

  • Ethereum (ETH)

On the list of the most popular cryptocurrencies, Ethereum is a close second to Bitcoin. Its market capitalization is roughly $500 billion. However, other people believe it will be the next Bitcoin. Ethereum’s main advantage is its real-world application. Its blockchain allows for the creation of smart contracts, which can be employed in a wide range of applications. Ethereum is particularly well-suited to the creation of non-fungible tokens (NFTs). 

  • Cardano (ADA)

Cardano aspires to be the worldwide economic operating system by producing DeFi products akin to Ethereum’s and delivering remedies for chain interoperability, voter fraud, and legal contract tracing, among other things. Cardano has a market capitalization of $37 billion as of January 2022, and one ADA currently trades for roughly $1.15. The cryptocurrency is based on the Proof-of-Stake (PoS) concept, which reduces transaction times while also reducing environmental effects through the staking process.

Risk Warning

 This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. Trust Capital does not take into account your personal investment objectives or financial situation. Trust Capital makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of Trust Capital, a third party or otherwise.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. __PERC__ of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trust Capital does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Iran, North Korea, UK, Czech Republic and Belgium. Please consider our “Risk Disclosure“.

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trust Capital does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Iran, North Korea, UK, Czech Republic and Belgium.

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