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If you want to start buying cryptocurrencies, you might be wondering which one will yield the highest potential returns. While Bitcoin may be the obvious choice, it’s not necessarily the best choice in 2022. Your chances of higher returns may be higher if you choose a smaller coin that hasn’t been pumped up by institutional investors like Bitcoin. Here are the coins in this review of high-cap cryptocurrencies.
Efirium (ETH)
Ethereum, commonly known as Ether, is the second largest cryptocurrency in the world after Bitcoin and recently surpassed even Bitcoin in price growth, according to cryptocurrency exchange changelly.com . Ethereum has undergone a major upgrade over the past year, which has also reduced its supply of ether, currently at 120.33 billion coins. The update has also activated the Ethereum network:
- Process more transactions per second;
- Improve platform scalability;
- Low transaction fees.
Compared to Bitcoin, Ethereum lacks scarcity – bitcoin supply is limited to 21 million coins – and widespread adoption by businesses and governments. Unlike Bitcoin, however, Ethereum is more than just a means of savings. It is also an infrastructure on which applications can be created. Other cryptocurrencies are based on Ethereum and serve as the basis for decentralised finance.
Binance Coin (BNB)
Binance is the most successful cryptocurrency exchange in terms of trading volume. As with bitcoins, Binance Coin has a strict limit on the number of tokens in circulation – in this case 165,116,760 tokens. This has helped the price of tokens grow exponentially over the past year. In addition, Binance uses about a fifth of its profits to permanently dispose of BNB tokens each quarter, increasing the value of the remaining tokens.
The payment platform supports more than 50 cryptocurrencies. Binance has two blockchain systems, which reduces the number of bottlenecks that Ethereum faces. Binance’s fast and scalable platform is currently working to create a more regulatory-friendly platform, which could be crucial for its longevity and widespread adoption. According to CoinMarketCap , Binance is launching Bifinity, a payment platform with fiat cryptocurrencies that will help merchants accept digital assets as payments.
Teter (USDT)
Tether is a type of ‘stabelcoin’ that aims to provide a less volatile alternative to bitcoin because it is tied to another asset. In the case of Tether, that asset is the US dollar. In terms of valuation, Tether is 1:1 to the dollar, meaning that it is less speculative than cryptocurrencies such as bitcoin and ether. With a market value of $82.57 billion, it is the largest stable coin and the third largest coin overall.
The big advantage of Tether is that you can trade traditional currencies rather than digging into complex digital currencies. You can also borrow it on cryptocurrency exchange platforms at double-digit interest rates. This way, you don’t have to worry about volatility eating into your winnings.
Decentraland (MANA)
Decentraland is a virtual reality game on the Ethereum blockchain that uses the MANA token as the game currency. Users can buy goods and services, acquire land, visit other players, and create and sell their own content. MANA is the largest cryptocurrency in the game by market capitalisation.
While it competes with cryptocurrencies such as The Sandbox and ApeCoin, and in-game assets are quite expensive, it has some advantages that could propel the token forward. Property prices listed by blockchain range from a few thousand dollars to more than $22 million. German users, for example, retain ownership of the digital assets they create in Decentraland and can convert them into cryptocurrencies other than MANA.
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