Cryptocurrencies To Invest In December 2022: Before investing in Crypto one needs to know the right coin to invest in, as this can reap big rewards.
Entering the crypto space can be very overwhelming at times as the coins keep on going up and down. With the development of technology and different applications, it can seem to be more challenging. There is a wide variety of choices in the market, which makes a person indecisive, and making the wrong decision can be very risky.
Here is the list of the top 7 cryptocurrencies to consider before investing this December.
1. Uniswap (UNI)
Uniswap is in that phase when it’s making continuous improvements. It will be launching Optimism, now in the Alpha stage, which means it’s still getting tested and will take some time before getting available for everyone. Optimism will come with lots of benefits like quick and cheap transactions, scaling, and being able to pay gas fees in any token. Thus, making it a perfect time to invest in the coin. Investors can expect good returns in the near future when Optimism merges with Uniswap.
However, there have been controversies surrounding Uniswap regarding its governance and the process of voting.
2. Ethereum (ETH)
Launched in 2015, Ethereum is a decentralized platform, which means it’s not governed by a single individual or entity. It is also one of the most popular cryptocurrencies after Bitcoin. Ethereum has always been performing well since the time it was created, making it a good platform for investing.
3. Bitcoin (BTC)
Created in 2009, Bitcoin is the first token to work on a decentralized platform. It has been performing extremely well till date and has a market cap of approximately $318 billion. Bitcoin is one of the most popular cryptocurrency. It is always a right platform to invest in.
4. Compound (COMP)
Compound is a crypto lending platform that is booming in the De-Fi market. It has been showing commendable growth recently and its idea of getting institutional investors can boom it. Recently launched Cim[pound Treasury offers a 4% fixed interest rate per year to people investing in US dollars. This policy will grab the massive interest of institutions, taking it up in the crypto-lending market.
AAVE is giving tough competition to COMP despite differences in offer policy.
5. Polygon (MATIC)
Polygon is a layer 2 blockchain technology that runs on Ethereum. With its recent acquisition of crypto company Hermez, the transactions are going to be faster. The merger of two blockchains is expected to give quality results. It has been performing really well in the past two years and has made its mark in the Crypto verse.
The point to keep in mind is any kind of impact on Ethereum will directly affect Polygon.
6. Ripple (XRP)
If Ripple wins the lawsuit against SEC, which is likely, the price of ripple is going to jump. Ripple is a global money transfer platform that mostly works with large financial institutions to help them work together more efficiently without the need for banks. It was ranked as the third-largest cryptocurrency for a very long time.
Ripple is trading at a high value, making it worth investing in.
7. Cardano (ADA)
Cardano is a proof-of-stake blockchain platform: the first to be based on peer-reviewed research and developed using evidence-based methods. It combines pioneering technologies that deliver unparalleled security and sustainability to decentralized applications, systems and companies.
Traders have been buying ADA tokens out of anticipation, which will lead to rise of Cardano. Thus, 2022 can turn out to be a great year for the token.
Make your wealth this December by investing in these coins.
The post 7 Best Cryptocurrencies To Invest In December 2022 – Here’s Trending List appeared first on CoinGape.
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