Best Cryptocurrencies To Invest In December 2021
The rapid growth and development of cryptocurrencies make it possible to get a profit from investment not only for usual users but for big corporations too. Which cryptocurrency to invest in when more and more new digital coins appear on the market? Surely, there should not be overlooked the largest assets in terms of capitalization, Bitcoin and Ether. But there are also a huge number of other cryptos you should eye for a while. The Cryptorobotics team prepared a list of the most promising cryptocurrencies in which you should invest in December 2021, and that can increase your returns in 2022.
Bitcoin (BTC)
Bitcoin is still considered the main and unique cryptocurrency to purchase today for getting a huge income. The market cap of BTC stands at $1,075,651,424,763. Moreover, this digital coin has become accepted in the different financial sectors, and many companies accept payments through Bitcoin. Due to Bitcoin using Proof-of-Work, users can feel secure from scammers. Crypto traders and investors get enormous returns thanks to the recent rapid rise in the $60K margin of this cryptocurrency. Several years ago, people could purchase Bitcoin for about $500. Nowadays, BTC costs $56,934. It has increased by about 9122%. Despite the price of the BTC going up and down for a while, it is still the best digital coin in which to invest in December 2021 and that could bring huge profits in 2022.
Ethereum
Ethereum is in second place after Bitcoin in the cryptocurrency market at the moment. Ethereum is one of the few coins that has great potential. Like Bitcoin, Ethereum’s value has been on the rise since the beginning of the 2021 year. The market cap of this digital coin stands at $511,178,017,621. According to the opinion of a huge number of financial experts, Ethereum could outgrow BTC in 2022 and take the first place related to all financial transactions and payments in different areas. Crypto traders and investors pay special attention to this cryptocurrency and purchase it today to get a profit. In addition, Ethereum is considered the favorite of developers owing to its potential applications, such as smart contracts, which automatically execute if all conditions are fulfilled. Ethereum has also experienced immense growth. In just five years, its cost has risen from $11 to almost $4,309.39; that is, it is over 27,000%.
Binance Coin
Binance Coin is utilized all around the world and is designed for reducing trading fees and providing its users with seamless transactions. It is supposed that people who buy this digital coin get huge returns as the cost of the coin can reach $1000 in 2022. Binance is the global cryptocurrency platform where Binance Coin is intended to pay fees for the exchange’s services. The market cap of this coin is $102,533,843,252. Its price was just $0.10 in 2017. On November 29, 2021, it rose to $613.09, a gain of more than 382,000%.
Solana (SOL)
It was created to maintain the work of decentralized finance, decentralized apps as well as smart contracts. Solana operates on a unique hybrid proof-of-stake and proof-of-history mechanisms that make the process of transactions fast and safe. SOL is intended to function on Solana’s platform. The market cap of this digital coin is $62,163,479,509. Starting in 2020, SOL’s cost was $0.77. Nowadays, its price is $203.88, a gain of about more than 18,000%.
Cardano (ADA)
Cardano is ranked sixth in the cryptocurrency market, in accordance with CoinMarketCap. Some crypto investors consider that Cardano works as Bitcoin while dealing with smart contracts. It is safe in terms of storing confidential information as well as helping to follow the origins of several products.
Cardano is famous for its capability to process 250 transactions per second efficiently. The market capitalization of ADA is $52,192,954,147. If we compare ADA token with other major cryptocurrencies, it has relatively modest growth. In 2017, ADA’s price was $0.02. As of November 28, 2021, it costs $1.58 per coin. So, its growth is over 10,500%.
For this reason, it is one of the promising cryptos to buy today for getting profit in 2022.
Ripple (XRP)
The XRP was developed by the same founders as Ripple. The XRP token is intended for use on that network to make the process of transactions easier with the various cryptocurrency types, including fiat currencies. The market capitalization of the XRP token is currently $45,930,680,634. Early in 2017, the value of XRP was $0.006. Today, its cost amounts to $0.974 per coin, equal to a growth of more than 15,700%.
USD Coin (USDC)
Along with Tether, USD Coin (USDC) is also a stablecoin. It means it’s backed by USD and has a ratio of 1 US dollar to 1 USDC.
USDC is based on Ethereum, and users can utilize USD Coin to complete global transactions. The market cap of USDC stands at $38,398,554,397.
Polkadot (DOT)
Polkadot is becoming one of the leading cryptocurrencies to purchase in December 2021 to get a huge income in 2022. It is gaining popularity owing to providing various solutions to crypto investors by using several blockchains from one single network efficiently. According to estimates, crypto investors can get a higher yield from Polkadot as it supposes that its price will rise massively in the near future in the cryptocurrency market. Nowadays, its market capitalization is over $28 billion. Between September 2020 and November 2021, its cost rose more than 872% (it grew from $2.93 to $35.77).
Dogecoin (DOGE)
Dogecoin has attracted attention owing to celebrities and billionaires like Elon Musk. It was launched as a joke in 2013 and gained popularity among other cryptocurrencies, due to a dedicated community and original memes. In contrast to many other cryptos, such as Bitcoin, there is no restriction on the amount of issuing Dogecoins, which makes this digital coin in exposure to devaluation because of increasing the supply. The market cap of this coin is $28,991,229,094. Dogecoin’s cost was $0.0002 in 2017. Nowadays, the price stands at $0.2191 (the growth of over 101,800%).
