Before starting down the digital currency investing path, it makes sense to learn about the best cryptocurrency to invest in. In all honesty, there are so many cryptocurrencies to choose from that it gets really confusing for brand-new investors. And avid crypto investors also wonder about the safest and most stable cryptocurrencies to sink their money into.
First of all, before going any further I like to remind my readers that the best way to invest in cryptocurrencies is in a Bitcoin IRA. Investing this way allows investors to comfortably weather the ups and downs of cryptocurrencies without becoming scared short-term traders. This investing style is conducive to making much more money on your investments over the long term.
So, I highly recommend funding a cryptocurrency IRA before you begin investing in the latest cryptocurrencies. And once you’re ready, use this handy guide to choose the perfect investments for your self-directed IRA. You’ll make quick and fruitful returns quite effectively for the long term.
Quick Recap: Best Cryptocurrencies to Invest in 2022
You may want to consider investing in other cryptocurrencies as well. Bitcoin Cash is a safe and stable option to choose. But these are my absolute personal favorites and they are definitely the cryptocurrencies I recommend for the long term.
Get started right away on your cryptocurrency investing journey. Open a cryptocurrency IRA, fund it, and begin adding Bitcoin, Ethereum, Litecoin, and ripple your portfolio right away.
Bitcoin: The Biggest and Most Trusted Cryptocurrency of Them All
I like recommending investing in Bitcoin (BTC) for a number of different reasons. But I have two reasons that I like in particular.
First off, Bitcoin is the original cryptocurrency. It is the first of its kind, which definitely gives it a major advantage. What kind of advantage? Bitcoin has what is affectionately known as first-mover advantage.
As far as raw technical power is concerned, Bitcoin definitely hasn’t kept up with the competition, which is unfortunate. It doesn’t have the ability to host dApps also known as decentralized applications. And when compared to Solana, another cryptocurrency, only completing seven transactions per second is incredibly slow. Solana is so powerful that I can actually complete 50,000 transactions per second, which is insane!
So why stick with Bitcoin? Based on everything I’ve shared so far, it definitely feels like the inferior choice, right? This may be true and Bitcoin may have its challenges when compared to other newer cryptocurrencies.
But as I said at the beginning, Bitcoin is the big dog in this industry. It is the first of its kind, so it definitely maintains a first-mover advantage. It’s the first block chain network to allow the ability to complete cryptocurrencies transactions on a large scale for consumers. And even though this market has its ups and downs, having brand recognition is a huge bonus for Bitcoin.
Why Bitcoin is the Best Cryptocurrency to Invest in 2022
Think about this for a second…
As of this writing, more than 15,000 merchants across the globe accept Bitcoin payments. Companies like Starbucks, PayPal, Microsoft, and others are all purveyors of this cryptocurrency.
Compare this to the second largest digital currency Ethereum. It’s a wonderful cryptocurrency and one that I highly recommend. But at the time of this writing, only 4000 merchants globally accept ether. That’s a huge difference my friends. And it’s the reason why Bitcoin is so far ahead of the pack and will maintain its first-mover advantage forever.
Let’s not forget about the built-in scarcity that Bitcoin maintains. Unlike other currencies that continue to add more and more to their circulation, Bitcoin never will. It’s capped at 21 million Bitcoins and that is never going to change. This means that the market is never going to get flooded with Bitcoin to dilute its value. The creator realized capping it at 21 million would increase its value instead of potentially diluting it along the way.
Ethereum: The Second Biggest Big Dog Cryptocurrency
Even though the world tends to focus on Bitcoin, it isn’t the only game in town. In fact, Ethereum is the second largest cryptocurrency with a market cap of $313 billion. This is certainly nothing to ignore my friends.
Investors love it because it’s gaining more popularity. Plus, it’s revolutionizing blockchain in a specific way. I particularly like recommending it right now because it’s on sale, which is always a good time to invest.
The currency is down off of its recent highs due to the tumultuous things happening throughout the world. But the value of this digital currency isn’t going to stay this low forever. So, it makes sense to get in right now while this discount is still available.
If you aren’t convinced that Ethereum is the best option, consider investing in this digital currency for the following reasons:
- It has the ability to run smart contracts
- It has the ability to run uncensored apps
- Ethereum will give the world Tokenization
- It is the perfect host for innovative ideas
- It is a great option for portfolio diversification
Right now, this digital currency is currently trading for $2616. It’s most recent high over the past year was $4891. To some, it may seem scary to get involved in this digital currency.
Remember the cryptocurrency bubble in 2017? Well, Ethereum bounced back from its devastating lows in elite fashion. And it went on to reach higher highs in 2021. But it pulled back because of political turmoil, which means right now is the best time to buy.
Warren Buffett said to be fearful when others are greedy and be greedy when others are fearful. Fear is at an all-time high right now. It’s time to get greedy, my friends, and add Ethereum to your portfolio.
While you’re at it, take a minute to read my review of the top cryptocurrency IRA companies in 2022. This invaluable information will help you get started the right way on your cryptocurrency investing journey.
Litecoin: An Early Popular Cryptocurrency More Than 10 Years in the Making
This digital currency was originally launched by Charlie Lee, an early Coinbase pioneer. Even though his digital currency isn’t the most popular, it’s well respected and currently trading at a big discount.
In the past year, Litecoin reached a high of $412 per cryptocurrency. It’s currently trading at $103 per cryptocurrency. Many people will be scared by a 75% loss of value. But you should look at this as an opportunity because the digital currency market is tumultuous. Yet many of these cryptocurrencies eventually turn around and their value increases even more.
I am a huge supporter of Litecoin for the following reasons:
- Developed by Charlie Lee of Coinbase and Google fame
- It has the ability to create new blocks every 2.5 minutes, which is much faster than Bitcoin but slower than many newer currencies
- Litecoin has a maximum cutoff number of 84 million cryptocurrencies. It will never surpass this number, which creates a built-in scarcity and higher prices
- It creates a great user experience
- It’s cheaper to process transactions using Litecoin as opposed to credit cards and other financial alternatives
Get started investing in Litecoin as soon as possible. Find out more about the best cryptocurrency IRA companies in business right now. Read my detailed and dedicated review to learn more.
Ripple: Top 10 Cryptocurrency Dynamo
At the time of this writing, Ripple (XRP) is currently the sixth biggest cryptocurrency in existence by market cap. It currently maintains a market cap of nearly $35 billion, which is certainly nothing to ignore.
In the past year, XRP had reached a high of $1.96 per cryptocurrency. It is currently trading for $.72 per cryptocurrency, which is definitely a lot less. Smart investors recognize this as an opportunity to buy in at a much more affordable price. I hope you feel the same because this powerful digital currency isn’t going anywhere anytime soon.
One of my favorite reasons why XRP is a must buy include:
- This digital currency cannot be mined
- They will never create more than 100 billion XRPs
- It uses Hash Tree technology
- It’s a popular choice amongst financial institutions including PNC Bank, Moneygram, HSBC, and J.P. Morgan Chase Bank and others
- You can easily exchange it for many other cryptocurrencies
At this stage of the game, it’s important to recognize cryptocurrency value investing. It’s rare to find opportunities to get by popular cryptocurrencies at such bargain-basement prices. Yet, this is the exact situation you find yourself in, so begin investing in XRP and my other recommendations immediately.
To recap, there are more than 17,000 cryptocurrencies available to trade right now. Figuring out the best ones to invest in can become very confusing to say the least. But it doesn’t have to be if you follow my guidance and use my recommendations.
The best and brightest cryptocurrencies include Bitcoin, Ethereum, Litecoin, and Ripple. You can’t go wrong investing in any of these digital currencies for the long term. Prices may fluctuate, but if you hold on long enough you will succeed in the end.
Invest in a cryptocurrency IRA right away. Read more about the top Bitcoin IRA companies by checking out my detailed review.