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Another thing the present bearish market guarantees is that you may purchase reliable digital currencies at a significant discount. Even large-cap cryptocurrencies like Bitcoin and Ethereum have since fallen more than 75% from their highs, making them more appealing as entry points.

This beginner's guide's objective is to assess and evaluate the top cryptocurrencies to buy right now for future growth.

1. ETHEREUM

Ever pondered whether Ethereum might be a wise choice for a wintertime investment？ Ethereum is also among the greatest cryptocurrencies to buy in for 2022, as well as being the most resilient. The leading smart contract blockchain is the second-largest cryptocurrency project on the planet by market valuation. The fact that thousands of ERC-20 tokens have been constructed on top of Ethereum proves its validity.

Furthermore, and possibly most significantly, trading fees for sending and receiving ERC-20 tokens must be payable in ETH. Because ETH is practical in the real world, there is still a high level of demand from other marketplaces. Some industry observers think that ETH, which will soon release its second generation, will be among the greenest cryptocurrencies available in 2022.

When dealing in Ethereum, it's also important to keep in mind that it's the de facto blockchain of preference for metaverse initiatives. Prominent metaverse worlds like Enjin, Decentraland, and the Sandbox all are built on top of Ethereum.

2. BITCOIN

With the most market value and visibility, Bitcoin is the most popular crypto currency. In 2021, Bitcoin began a protracted bull run that came to an end in November when the virtual money topped $69,000.

When you remember that when Bitcoin originally debuted in 2009, you can purchase it for just a few cents, this is extraordinary. In other words, Bitcoin saw increases in the millions of percentage points during the course of slightly over 12 decades of trading.

But now that Bitcoin has reached a bear market, it has felled most of the industry with it. On the other hand, there is currently a large discount available for individuals wishing to establish a Bitcoin investment.

Just under $20,000 remains Bitcoin's all-time high, which it reached in late 2017. Consequently, this represents a markdown of more than 75% for investors relative to its most previous highs of $69,000. Some researchers believe that by 2025, the price of BTC might rise once more to the $60k level.

The fact that several companies now provide yield services on the digital asset is yet another point to keep in mind regarding Bitcoin. This suggests that investors can earn a passive income from their Bitcoin investments as they wait through the downturn trade.

3. LITECOIN

A fork in the Bitcoin blockchain led to the creation of the currency Litecoin (LTC) in 2011. It was originally developed to allay the developer's worries that Bitcoin was becoming increasingly centralized and to make it more challenging for large-scale mining companies to dominate the mining process.

One of the primary intentions of Litecoin was to prevent large-scale miners from taking over the mining algorithm by employing a different data encryption. But miners continued to increase their mining capability and soon modified their special tools.

Like Bitcoin, Litecoin can be mined using ASIC miners. In a blockchain, transaction data is stored in blocks. The block is made available to any system user (referred to as a miner) who demands to see it after being verified by mining software. After a miner confirms it, the chain's next block is produced and Litecoin is awarded.

4. BITCOIN CASH

A cryptocurrency called Bitcoin Cash (BCH) was developed and released in an effort to restore decentralization to cryptocurrencies. It is the outcome of a 2017 “hard fork” in the Bitcoin protocol, which happens when a single blockchain breaks into two. Compared to Bitcoin, Bitcoin Cash permits more transactions per block, which should result in reduced fees and fast processing times.

Discover more about Bitcoin Cash, including its differences from Bitcoin, information, and project results.

Much like how Bitcoin originally intended to be used initially, Bitcoin Cash is intended to be used as a cheap payment method. Faster transaction times are substantially shorter than those of Bitcoin, usually taking only a few seconds, and transaction costs are typically less than $0.01.

A vibrant developer community developed and is responsible for maintaining Bitcoin Cash. These programmers continue to consider Bitcoin Cash as a vital complement to Bitcoin because, in their eyes, the former is now more of an investment option than a means of exchange. In order to eliminate regulatory agencies and other third - party from monetary operations, it was created as a peer-to-peer payment service.

5. DOGECOIN

Dogecoin is the next cryptocurrency on our list of the finest ones to buy right now. Dogecoin was introduced back in 2013, but it wasn't until 2021 that it truly came to life, at a minimum in terms of its price behavior. Is it still possible to purchase Dogecoin today？

The initiative was started as a prank to demonstrate how simple it was to sell digital currencies to the public at large, but it is still one of the best memes coins available. This ironic label persisted until the beginning of 2021, when Tesla CEO Elon Musk became interested in Dogecoin.

Basically, Musk reaffirmed his support for Dogecoin in numerous Tweets and public remarks. In addition, Tesla now supports Dogecoin as a form of payment for a number of its goods and services.

As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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