What Is the Best Crypto To Invest In? A Beginner’s Guide

If you’ve been shaken by the recent stock market volatility, you may be wondering if you should put your money into the crypto market instead. The answer depends on how averse you are to risk. Analysts believe the crypto winter has only just started, with coin prices set to slide deeper from their all-time highs. But that’s exactly why now may be the best time to buy.

So, is cryptocurrency a good investment? And if so, what is the best crypto to invest in? Before you jump into the world of digital currencies, give our beginner’s guide a read: We’ll walk you through what you need to know about investing in cryptocurrency and help you make an informed decision.

What Is Cryptocurrency?

Cryptocurrency is a digital or virtual asset secured by cryptography, which protects transactions and controls the creation of new units. These digital assets are decentralized and, as such, not subject to government control. The first and most well-known cryptocurrency is Bitcoin, but there are many others, including Ether, Litecoin, and Ripple.

What Are the Benefits of Investing in Cryptocurrency?

Now might be the best time to invest in crypto assets as they offer the potential for high returns. The Great White North has always been at the forefront of technological innovation, and the Canadian government has taken a welcoming stance toward cryptocurrency. This provides a level of clarity and certainty for investors, which is essential for any new asset class.

In addition, Canada has a highly developed financial system and stable political environment, both positive factors for cryptocurrency adoption and growth. That’s why numerous Canadian investors are profiting from the digital currency boom. They choose it for:

1. Potentially High Returns

Cryptocurrency prices have been declining in recent months and years, reflecting inflation-driven losses in stock prices worldwide. However, investing in the assets now might yield high returns in the long run. Finding the best crypto to invest in in the long term can be tricky, but if you do your research and buy a coin with good potential, the rewards can be significant.

2. Decentralization

One of the appealing aspects of cryptocurrency is that it is not subject to financial institution control. Decentralization gives investors more control over their assets and allows them to avoid costly intermediaries.

3. Anonymity

Another advantage of cryptocurrency is that it offers a degree of anonymity to users. This can appeal to those who value privacy or wish to avoid government scrutiny.

The List of the Best Cryptocurrencies To Invest in for 2022

We’ve compiled a list of the top five cryptocurrencies to invest in for 2022, based on factors like market capitalization, price, and potential. Here’s our take on the best crypto to invest in for the coming year:

1. Bitcoin (BTC)

  • Price: $26,825
  • Market Cap: $513.4 billion

Bitcoin is the original cryptocurrency and remains the most well-known and popular coin on the Canadian market. Bitcoin is often seen as a store of value, like gold, and it has seen significant price appreciation in recent years, before the latest tumble. While there is always the risk of a price crash, investors who get in early can stand to make substantial profits.

With a price of $26,825 and a market capitalization of $513.4 billion at the time of writing, Bitcoin might be the best crypto to invest in right now. Keep in mind that there are only 21 million Bitcoins in circulation, with a limited supply of new coins being mined each year.

This could help to drive up prices in the future as demand increases. If you know how to buy Bitcoin on the Canadian market, you can take advantage of this digital currency’s potential and earn some serious profits.

2. Ether (ETH)

  • Price: $2,117
  • Market Cap: $259.1 billion

Ether is the second-largest cryptocurrency by market capitalization ($259.1 billion at the time of writing), and it has a lot of potential for growth. Unlike Bitcoin, which is designed to be a store of value, Ethereum is a blockchain network that allows developers to build and run decentralized applications (dApps), such as smart contracts.

This makes Ether the best crypto to invest in Canada for those looking to profit from the rise of dApps and blockchain technology. You can buy ETH for $2,117, and with a current circulating supply of over 122 million ETH, there is plenty of room for price increases in the future.

3. Tether (USDT)

  • Price: $1.32
  • Market Cap: $89.5 billion

Tether is a popular stablecoin that is pegged to the US dollar. This makes it a good choice for investors looking to avoid other cryptocurrencies’ volatility. Tether is also one of the most liquid coins on the market, with a market cap of $89.5 billion at the time of writing, making it the best crypto to invest in for those looking for a safe and reliable investment.

At the moment, you can buy USDT for $1.32, and each coin is backed by 1 US dollar. This means you can always redeem your coins for cash, making Tether a safe and stable investment option.

4. Cardano (ADA)

  • Price: $0.63
  • Market Cap: $21.6 billion

If you visit some of the top-rated Canadian crypto exchanges, you’ll likely see Cardano (ADA) listed as one of the available coins. Cardano is a popular cryptocurrency designed to offer a more scalable and efficient blockchain than other coins on the market. The token earned popularity for its proof-of-stake validation method, which is more energy-efficient than the proof-of-work method used by Bitcoin.

At the time of writing, it had a market cap of $21.6 billion. You can buy it for as little as $0.63, making it the best low-cost crypto to invest in for those looking to get started in cryptocurrency trading.

5. Binance Coin (BNB)

  • Price: $368.6
  • Market Cap: $59.5 billion

If you’re looking for a good crypto investment solution, Binance Coin (BNB) is a great choice. Binance Coin is the native token of the Binance cryptocurrency exchange, one of the world’s largest and most popular exchanges. Binance Coin can be used to pay for fees on the Binance exchange, and it also offers a variety of other benefits.

For example, holders of BNB tokens can receive discounts when they trade on the Binance exchange or use it to book travel arrangements. Binance Coin was selling for $368.6 at the time of writing, with some 161.3 million coins circulating on the market, so this might be the best crypto to invest in today.

Final Thoughts

Cryptocurrency is a risky investment, but it can also be a lucrative one. If you’re considering investing in crypto, be sure to do your research and only invest what you can afford to lose. The coins listed above are just a few of the best crypto assets to invest in Canada, so check them out before making your final decision.

If you decide to include them in your portfolio, you might be well on your way to earning a profit. Whatever your choice is, you can never go wrong with investing in cryptocurrency, as it is the future of money.


FAQ

What is the best crypto to invest in for 2022?

The best investment strategy depends on your investment goals and risk tolerance. Are you looking for a safe and reliable investment, or are you more interested in a coin with a high potential for price appreciation? If you’re looking for a safe and reliable investment, Tether is a good choice, as its price is pegged to the US dollar.

If you’re more interested in a coin with a high potential for price appreciation, Bitcoin, Ether, and Binance Coin could be better options. Finally, for those who are into low-cost tokens, the best crypto to invest in now might be Cardano and Polkadot. These are just a few examples, so be sure to do your own research before making your final decision.

Is Shiba a good investment?

Shiba Inu is a high-risk, high-reward investment. Is it a good investment? It really depends on the investor. The SHIB price has surged in recent months, so those who invested early have made a killing.

For those looking to take a risk on a new coin, Shiba Inu could be a good choice. However, it’s important to remember that investing in this coin is risky, and you could lose all of your money if the SHIB price crashes.

What is the next crypto to explode?

There’s no way to predict which crypto will explode next. However, those looking for the best crypto to invest in might want to keep an eye on Ether, Binance Coin, and Tether. According to experts, these are all coins with a high potential for price appreciation. So, if you’re looking to make a profit from your investment, these could be good choices.

Milica Milenkovic
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