In cryptocurrency, there are many different coins with a few becoming worth more than others. Bitcoin is the one of the first and most popular cryptocurrencies that was introduced in 2009. Since then, thousands of other cryptocurrencies have been introduced. Many of them have a place in the market, but whether it is worth investing in any of them depends on the person’s risk awareness and financial planning.
Cryptocurrencies are not money; because these currencies are created by a computer network, they are just digital tokens that only exist online. Investors should be aware of the risks associated with cryptocurrencies like hacking, theft, loss and volatility. They should also be aware of tax laws, as it may not be worth the income gained by investing in these currencies.
Ripple [XRP]
Ripple is one of the first cryptocurrencies that was ever introduced and it is known as one of the leading cryptocurrencies. Ripple has been able to become a successful digital payment network and its currency, XRP, is the most successful cryptocurrency that operates on this platform. There are many reasons why people should consider investing in this coin, but there are also several reasons why investors should not buy it.
The currency has been highly volatile, fluctuating from XRP prices are expected to be $0.41 in 2022. The highest predicted price for XRP is $0.46, with an expected average trading price of around $0.43. XRP Price Forecast for 2020. Ripple uses blockchain technology to assist banks with moving money worldwide and it is used as a competitor for payment networks like PayPal and Visa.
Ethereum [ETH]
Ethereum was introduced in 2015 by Vitalik Buterin and it can be used as a platform on which other cryptocurrencies are built; Ethereum coins are commonly known as ‘Ethers’. However, there are other cryptocurrencies that utilize the Ethereum blockchain.
Many traders in the crypto industry consider Ethereum to be the best blockchain for smart contracts and for creating decentralized applications (Dapps). Today, many websites are built with Dapps which are run using Ethereum. Many of these Dapps, including decentralized exchanges (DEX). Coinpedia predicted that Ethereum would be between $6,500 and $7,500 in 2022 if the same bullish upswing of mid-2021 were to continue. Ethereum’s price fell in the second half of 2022. It became clear that this phenomenon was not going to change.
#Croatia Osiguranje’s #LAQO Launches Ripple (XRP) Payment Options for Its Car Insurance Services
At the moment,company supports 13 #cryptocurrencies, including #Bitcoin (BTC), #Ethereum (ETH), #Ripple (XRP), #dogecoin (DOGE), #tether (USDT), usd coin (USD), etc. #Crypto pic.twitter.com/TtdHopOowy
— PassiveX (@passivexfinance) August 31, 2022
Dogecoin [DOGE]
Dogecoin has been around since 2013 and it is a digital currency, which can be used to purchase goods and services. It is also a popular tipping system. The price of Dogecoin has continuously increased throughout the past few years, and the coin has become one of the most valuable digital currencies in the market today. Despite this, Dogecoin does not have a long-term future because it is not backed by any assets or commodities like gold or silver. Instead, it relies on a decentralized public blockchain that makes it easy to send and receive money without needing third parties to handle transactions.
Aforementioned, by the end of 2022, The estimated value of Dogecoin might rise to $0.085. DOGE is expected to have an average of $0.078 and a minimum of $0.076 by the end of 2022. The 2020 and 2019 are predicted to rise by 39.42% and 28.50%, respectively.
As of today, many cryptocurrencies have a direct impact on the world’s economy. Bitcoin was the first cryptocurrency and it is still leading the way in this market segment, but there are many other cryptocurrencies that have an impact on the global economy. The volatility of these coins means that it is difficult to predict their future success; however, these three coins are expected to do well in 2022.
