Digital currencies have revolutionized the conventional economic and financial markets. Additionally, the mainstream markets have adopted virtual currencies as well. Thus, this particular investment class has become quite lucrative these days. Centralized banks and institutional buyers are also contemplating embracing digital assets for maximizing their profits whenever their prices shoot up. They are also looking for avenues to provide safe digital currency means to their customers.
Although it could be quite tough to assess, which digital currencies to invest in, some serious contenders have emerged in the market and are showing a great deal of promise. Let us check out some of them in this article.
Ether is certainly one of those cryptocurrencies that shows a strong potential to get ahead of Bitcoin in the future. After Terra received a shocking blow, key digital currencies, such as Ether and BTC became stagnant. Also, they are yet to regain their values. However, the ETH 2.0 upgrade may serve as a strong trigger in shooting up the market value of Ethereum quite soon.
It is another digital currency, which should be on the watchlist of crypto enthusiasts this year. Binance is the largest digital currency exchange in the world based on user numbers and trading volumes. People can use BNB, the native coin from this exchange to process their payments, book travel arrangements, and invest.
Cardano has been grabbing headlines as it is tipped to be the next major player in the cryptocurrency space. Also, the ADA network has come up as one of the fastest-growing and most popular blockchains. The blockchain follows sustainable and secure use cases for the real world. If you are planning to invest in crypto in the later part of 2022, Cardano could be an excellent investment choice.