Good to report: although we wrote this article in consultation with specialists, you will not find financial advice in this article. We write as a hobby because we enjoy it and invest a lot of our time here.
What do you pay attention to when buying cryptocurrency?
There are a number of aspects that you can always keep in mind. By paying attention to this, you increase the chance of success. We explain all these aspects below. Do you still have questions after reading this article? Let us know and we will try to assist you as soon as possible.
Which crypto currency is the best right now?
What is the best place to invest right now? What are the best crypto coins of 2022? We presented it to the panel of specialists. For the best cryptos of the moment, we have the following 2 recommendations;
Cardano is already one of the better known cryptocurrency on the market. It was founded by Charles Hoskinson, among others. Hoskinson was also one of the founders of Ethereum. However, he left the project a number of years ago because he did not agree with the path that was being taken. He foresaw issues surrounding Ethereum’s scalability. Cardano wanted to set up a blockchain that is much more scalable. The corresponding currency is called ADA.
Cardano is completely set up from a mathematical vision. This means that it cannot break. Everything that is developed on the Cardano blockchain works according to mathematical and scientific calculations. Now that the platform also supports Smart Contracts, more and more users will use ADA in the coming years.
Interesting to know: many of the issues Ethereum is currently facing were predicted by Charles Hoskinson, founder of Cardano.
Unlike Cardano, Polygon has not developed its own blockchain. Polygon is an addition to the current Ethereum network (ETH). As we mentioned above, Ethereum has a number of issues. One of these is that the platform has to deal with high transaction fees. This makes Ethereum (at the moment) not suitable for micro payments. The transaction costs would then be higher than the amount to be paid itself.
Polygon, with its own crypto currency MATIC, has built an addition on Ethereum. Polygon only focuses on making smaller payments. These payments are made quickly and there are no significant transaction costs to be paid. Why this is one of the best cryptocurrencies of the moment? Ethereum is already very successful and will not just disappear. With the solution that Polygon has built through MATIC, there is a good chance that they will piggyback on the already existing success of ETH.
Best short-term cryptocurrencies
Do you want to try to make as much profit as possible with crypto in a short time? Below you will find the best crypto coins for the short term.
Solana is not only an interesting crypto for the short term, this digital currency and blockchain has not been around for very long either. It is a coin that focuses on the market of decentralized finance. For many more known by the English term Decentralized Finance (DeFi). The DeFi market is growing very fast. Many different DeFi coins have made an advance in recent months. However, Solana is a special crypto among all the others out there.
Solana is the first crypto in the world to use a combination of Proof of History and Proof of Stake. Without boring you with the technical details, this means that Solana is infinitely scalable and can process extremely many transactions per second. Below you can see the price of SOL over 1 day, a week or 30 days.
Have you ever heard of the crypto VeChain? VeChain is actually interesting at any time, both short and long term. This crypto has a great use case. It focuses on providing insight into logistics routes, processes and the origin of products. It is therefore not for nothing that VeChain already has collaborations with international top companies such as Renault, LVMH (Louis Vuitton) and BMW. In the short term, due to increasing globalization and world trade, we foresee an increasing demand for solutions such as those of VeChain. The currency on VeChain’s own blockchain is abbreviated as VET.
Best crypto for the long term
Okay, let’s face it, investing in crypto comes with risks. There are hundreds of examples of cryptos that were previously named the best cryptocurrencies of 2022 but are now worth nothing. If you want to play it safe a little more, it’s good to keep the long term in mind. These are the best cryptocurrencies for the long term, according to the panel.
Um, Bitcoin? Everyone already knows that one, right? And it’s already worth a lot. How do you know that it will continue to rise over a longer period of time?
Well, first of all, we don’t know. But Bitcoin is the largest and most well-known crypto in the world for a reason. And it will remain that way for the time being. Bitcoin dominates the market. Will BTC take a hit? Then almost the entire market drops. The biggest argument, however, lies in the fact that the number of Bitcoin that can ever be in circulation is limited. Bitcoin will therefore become increasingly scarce in the coming years. It is therefore very logical to state that the probability is extremely likely that Bitcoin will be worth much more in 5 years than it is now. In our view, BTC is one of the best cryptos of the future.
Admittedly, we indicated earlier in this piece that this crypto suffers from quite a few problems. That does not alter the fact that we strongly believe in its future. Ethereum actually has EVERYTHING you can of a cryptocurrency. expect. Payments, smart contracts and much more. It’s a very large ecosystem. And precisely because it is so big, it is almost ‘too big to fail’.
Even if we look at the roadmap, we see that all problems are solved step by step. Ethereum is therefore the answer to the question of which crypto coins should not be missing in a diverse portfolio.
Other interesting crypto coins
Unfortunately, there was not room for many more coins in this article about “Which Crypto Currency is The Best ? (Update 2022)”. To give this currency an honorable place, we name a few here;
Binance Coin (BNB), Ripple (XRP) Polkadot (DOT), Algorand (ALGO) and Uniswap (UNI), Chainlink (LINK). You can buy these coins at most crypto brokers in the Netherlands. We recommend choosing Bitvavo as you pay the least trading costs here.