A lot more people are interested in buying cryptocurrency and Analytics Insight has selected the 10 most purchased cryptocurrencies in 2022.
The king of all cryptocurrencies is all about growth these days. Coasting through the highs and lows, Bitcoin is now nearing its all-time high of US$60,000.
The second-largest cryptocurrency in the market, Ethereum is known for its decentralized software platform that first introduced smart contracts. With a market cap of US$445 billion.
Cardano is an underrated cryptocurrency. It's the biggest competitor to Ethereum as Cardano uses a proof-of-stake algorithm, something that Ethereum will soon incorporate.
For investors who are looking for low-risk options, stable coins like Tether are a good choice as there is almost no volatility effect.
As of 2021, it has a market cap of US$81 billion, making it the fourth-largest crypto in the world.
Ethereum Classic is a result of a split in Ethereum's network. It is an open-source, decentralized crypto platform that also runs smart contracts.
XRP has seen massive growth over the years and now trades at US$1.2 making this one of the most affordable cryptos to invest in that is trusted by several banks.
Solana Launched in March 2020, within a short span it has managed to become the 14th largest cryptocurrency with a market capitalization of US$37 billion.
USD Coin is also a stable coin with its value pegged to the US dollar. For every USD Coin bought, the investor will be assured the value of US$1.
Bitcoin Cash has a historic factor behind its success. It is one of the earliest and most successful hard forks of the original Bitcoin.