With over 1,500 cryptocurrencies currently on the market, it’s tough to predict which ones will succeed and receive more investment. However, by taking a closer look at how investors are reacting to these digital assets, the following projects have the potential for significant growth as 2023 draws closer.
The cryptocurrency market is proliferating, and more individuals are taking notice of its potential added value. With a plethora of projects emerging, the chances to accrue earnings are also rising. We’ve selected the best cryptocurrencies to purchase before 2022 ends so you can benefit from their respective price appreciation.
Bitcoin
Bitcoin is a widely known currency and it finds its way to every year’s list of cryptocurrencies. Despite its major drop a while back, experts say that Bitcoin is stable and here to stay. BTC runs on a blockchain—a ledger logging transactions that are distributed across a network of thousands of computers. In order to add more information to the ledgers, it must be verified through proof of work—a process where cryptographic puzzles must be solved. This keeps Bitcoin secure from fraudsters.
The price of Bitcoin has increased a lot since it became a common household name. In May 2016, you could purchase a Bitcoin for about $450. However, as of 1 December 2022, the price of a single Bitcoin was raised to approximately $17,029. Despite its value, investors keep purchasing fractions of Bitcoin, just to add some value and diversity to their portfolios.
Cardano
Even though it made its debut a bit later than the rest, Cardano managed to find a place among the first on the list of top crypto coins for 2022. Cardano is a cryptocurrency that uses proof-of-stake validation, which speeds up transaction time and reduces environmental impact. Cardano enables smart contracts and decentralized applications as well.
Relative to other major crypto coins, Cardano’s ADA token has had modest but steady growth. At the time of writing this article, the ADA price reached $0.32, and back in 2017, the price was only $0.015.
Ethereum
Yet another crypto that became a widely known household name relatively quickly. Ethereum is an open-source, decentralized software platform built on blockchain technology.
It provides developers with a secure environment to build applications and digital assets that can be securely stored, shared, and transferred. Ethereum enables users to write code that controls their digital assets and interact directly with other Ethereum users without the need for third-party intermediaries. This decentralized system allows for the peer-to-peer exchange of Ethereum tokens and other digital assets, with no central authority or government regulation.
Ethereum also provides users with access to a global network of distributed computers, allowing them to securely conduct transactions and manage their own data. The Ethereum platform is powered by its own cryptocurrency, called Ether (ETH).
Dogecoin
Dogecoin was infamously started as a joke in 2013. However, it rapidly became one of the most popular cryptocurrencies due to its dedicated community and creative memes. Different from many other cryptos, there is no limit on how many Dogecoins can be created. As a result, this leaves the currency vulnerable to devaluation as supply rises. In 2017, Dogecoin’s price was $0.0002, but by November 2022, its value had increased up to $0.10.
IMPT
People have long thought of ways to reduce their carbon footprint, but only recently have we seen substantial steps being taken. One such example is a crypto project called IMPT that seeks to tackle the issue of pollution. This platform connects blockchain technology with businesses and individuals who share the same goal of reducing greenhouse gas emissions. Carbon credits can be used on the platform to help preserve our planet.
The IMPT platform is based on blockchain technology, meaning that all transactions are transparent. This gives investors protection from fraud. In addition, the team has been verified by Coinsniper and Hacken for security purposes. If you’re interested in investing, now is your chance. The presale for the native token (IMPT) is already in stage 2.
Bottom Line
The cryptocurrency market is constantly changing. Although there have been some drops in prices, there are still many projects with great potential that could provide substantial gains by the end of this year. The cryptos we have listed below have enormous growth potential in the coming months, so investing now would be very wise. You have the opportunity to invest before the prices rise even more, so make sure you take advantage of it.
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