Nowadays, there are plenty of cryptocurrencies, e.g., market flagships - bitcoin and ether as well as relatively new assets - XPR and Dogecoin. This is why newbies may have difficulty choosing between them. After studying their market capitalization, price dynamic, and upgrades, we have prepared an article about the best crypto investment options in 2022.

Bitcoin (BTC)

Market cap: over $846 billion

Bitcoin (BTC) was created by a crypto enthusiast under the pseudonym - Satoshi Nakamoto in 2009. BTC was the first decentralized cryptocurrency to run on Blockchain technology, a digitally distributed public ledger that exists across a network of thousands of computers. As the new block transactions in the public ledger must be verified by a proof-of-work algorithm, bitcoin is reliably protected from hackers.

Since 2009, the bitcoin price has been growing rapidly. During that period, it gained luster with investors worldwide. In May 2016, BTC was worth about $500. As of October 1, 2022, its price was hovering around the $20,000 level. Thus, the cryptocurrency has soared by approximately 3,900% over the years.

Bitcoin still remains the most popular asset among crypto traders. This is also the most reliable investment option, especially for those who have just started to make progress in crypto trading.

Ethereum (ETH)

Market cap: over $361 billion

Ethereum is a cryptocurrency as well as a blockchain platform. Software developers prefer this platform because of its decentralized applications - smart contracts and non-fungible tokens (NFT). They are automatically executed if all requirements are met.

Like bitcoin, ether has experienced a meteoric rise. From April 2016 to early October 2022, its price surged to $1,300 from $11. Its growth amounted to a staggering 12,000%.

In mid-September, developers undertook Ethereum's biggest-ever upgrade. Industry experts called it a game changer for the entire crypto sector. It means that this cryptocurrency is being constantly developed and has bright prospects.

XRP (Ripple)

Market cap: over $37 billion

Ripple is a blockchain-based digital payment network as well as a protocol with its own cryptocurrency called XRP. The purpose of XRP is to serve as an intermediate mechanism of exchange of various types of currencies, including fiat ones. Ripple is widely popular

among large financial institutions as they value high speed and low cost of transactions as well as network security. In early 2017, the XRP price totaled $0.006. As of March 2022, it reached $0.80, notching an increase of more than 12,600%.