Cryptocurrencies are the latest financial fad, with Bitcoin (BTC) and Ethereum (ETH) dominating the space and alternative coins like Dogecoin (DOGE) nailing the punchlines.
With the market’s growing number of cryptocurrencies, investors now have more options than ever before for exchanging their hard-earned cash for decentralized digital money. However, how can you trade your preferred cryptocurrency?
Crypto investors prefer the greatest cryptocurrency for the crypto trading day. The cryptocurrency market is growing, with thousands of unique coins vying for the attention of digital wallet users.
However, there are numerous cryptocurrencies available for crypto trading on any given day, which can overwhelm any crypto trader in the global cryptocurrency market. Crypto trading day ensures profitable trades for investors employing a variety of tactics.
Crypto investors are drawn to this cryptocurrency trading day due to the market’s immaturity, high volatility, and huge volume with instability. The short-term price movement assists in efficiently driving profit in digital wallets.
Listed below are the top 10 Cryptocurrencies best for the crypto trading day in 2022
1. Tron (TRX)
Crypto investors favor Tron for cryptocurrency trading days due to its fastest-growing blockchain, high trading volume, and potential for short-term price prediction.
It is an ideal coin for revenue generation via the best tactics. With a market value of US$8,860.29 million, it provides high throughput, scalability, and availability.
2. Cardano (ADA)
There are numerous aspects of the Cardano blockchain platform. However, one of its most distinguishing features is its construction. Cardano has outlined a five-stage roadmap that would ultimately create a completely self-sufficient decentralized system.
This year, the platform introduced smart contracts. And now, attention is being paid to the final two stages of development. A component of the approach is to rely on peer evaluation before launching any upgrades.
This holistic strategy ensures that we can expect excellence from Cardano – which gives confidence in the project’s long-term viability.
3. Algorand (ALGO)
Algorand is a transaction speed king. The blockchain has already proved that it can process over 1,000 transactions per second – and complete them in less than five seconds.
The platform will eventually be capable of processing 3,000 transactions per second. And the next target is over 45,000. By comparison, Visa claims to process 24,000 transactions per second.
Algorand’s efficiency is a result of its protocol structure. On a basic layer, smart contracts and other processes take to happen.
On a second layer, more complex smart contracts and decentralized application development occur. This efficiency may help Algorand attract an increasing number of users and investors.
4. Polkadot (DOT)
This cryptocurrency enables data exchange across many blockchains. One of the major issues with cryptocurrencies has been their inability to share information or transfer currency between themselves.
Polkadot comprises a central network — the relay chain — and associated parachains. These parachains are connected to other blockchains via bridges, such as Ethereum. And, while we’re on the subject of Ethereum, one of its co-founders went on to found Polkadot.
Polkadot’s leadership position and ability to connect blockchains may help it maintain a leadership position as the cryptocurrency industry matures.
5. Ethereum (ETH)
Ethereum is a well-known player in the cryptocurrency world. After all, it is the world’s second-largest cryptocurrency in terms of market capitalization. And it has existed since 2015. However, Ethereum has a long road ahead of it.
The blockchain is about to undergo a significant upgrade. Ethereum 2 will address the primary issue plaguing Ethereum at the moment. Ethereum now executes approximately 30 transactions per second. However, following the upgrade, it may process up to 100,000.
This is due to two enhancements. First, we’ll switch to the proof-of-stake validation approach, which eliminates the time-consuming validation process requiring sophisticated computations. Rather than that, it confers validation authority on validators based on the number of coins possessed.
Second, Ethereum is introducing shard chains to alleviate network congestion. This crypto behemoth may grow much larger if the upgrade is successfully implemented.
6. Terra (LUNA)
Terra was formed in 2018 and launched its cryptocurrency in the spring of 2019. Since then, it has significantly impacted the cryptocurrency sector, with a current market cap of over $52 billion and a 24-hour trading volume of about $23.5 billion.
At one time, LUNA’s value skyrocketed, rising from $38 to $61 in less than a week. Of course, there is no way to predict Terra’s price in a few months, and Terra has already had a few unpleasant losses in 2020 and 2021, but its historical and current direction looks quite promising.
LUNA was also recently adopted by cryptocurrency exchange Injective and is currently supported for liquid staking by Stader Labs. LUNA’s continuing growth and diversification position it as a viable cryptocurrency for the coming years.
7. Chiliz (CHZ)
Chiliz has been in existence for almost a year and has done rather well for itself since its inception, with a current market capitalization of over $2.6 billion and a 24-hour trading volume of approximately $317 million.
Chiliz has experienced its share of ups and downs, just like every other coin. While now ranked comfortably at number 67 in the cryptocurrency rankings, it is expected to advance in the rankings for the remainder of 2022.
The Chiliz exchange, in addition to being a tokenized sports exchange, is also notable for being the world’s first. So if you’re interested in trading tokens that are directly related to genuine sports teams, you should check out their exchange platform. It’s a fascinating concept with a bright future ahead of us.
8. Solana (SOL)
When it comes to the cryptocurrency world, Solana is a household brand, currently placing fifth in the crypto league, behind industry giants such as Bitcoin and Ethereum.
It has a market capitalization of over $6.8 billion and an astounding 24-hour trading volume of more than $3 billion. To put it mildly, it is a major player, and things appear to be getting better and better for this potential cryptocurrency coin as time goes on.
Solana set an all-time low of around $185 in late November 2021 but has since experienced a major price increase of approximately 50%.
Because of its long-standing presence in the cryptocurrency market, it’s safe to assume that we’ll continue to hear about this well-known coin well into the year 2022.
9. Binance Coin (BNB)
It is a type of cryptocurrency that can be used to trade and pay fees on Binance, one of the largest cryptocurrency exchanges on the planet. Since its introduction in 2017, Binance Coin has grown to serve a purpose more than simply conducting trades on Binance’s cryptocurrency exchange platform.
It may now be utilized for various tasks such as trading, payment processing, and even organizing trip plans. It can also be traded or swapped for other cryptocurrencies, such as Ethereum or Bitcoin, depending on the market conditions.
Its price in 2017 was only $0.10; by November 30, 2021, it had climbed to moreover $628, representing a gain of about 627,000 percent.
10. Dogecoin (DOGE)
Dogecoin has been a popular topic recently, mainly to the involvement of celebrities and billionaires like Elon Musk.
Dogecoin, which was first launched as a joke in 2013, quickly rose to prominence as a popular cryptocurrency choice, thanks to a loyal community and innovative memes.
In contrast to many other cryptocurrencies, such as Bitcoin, there is no limit on the number of Dogecoins that may be issued, making the currency vulnerable to depreciation as the supply of the currency expands.
The crypto coin sector is unpredictably volatile is one of its most distinguishing traits. However, this is not necessarily a negative development.
The continual ups and downs of the cryptocurrency market make it very exciting, and its ability to turn ordinary people into billionaires overnight adds to its attractiveness even further.
Even though it’s impossible to predict where any coin will go next, it’s always worthwhile to watch a few potential coins as we move into 2022.