Cryptocurrency (or “crypto”) is a digital asset generated using cryptographic algorithms that allow users to purchase, sell, or exchange them safely. Do you want to know what the top crypto in December is? We are delighted to inform you that you have arrived at the proper place. Today we will talk about the best crypto to buy in December 2022.
Top Cryptocurrencies to Buy in December 2022
- Bitcoin (BTC)
It’s clear why Bitcoin is the best crypto in December 2022, with a far heftier price and market cap than any other crypto investment choice. Many businesses now accept Bitcoin as payment, making it an excellent investment, Bitcoin price forecasts for 2022 range from $10,000 to $28,000. Bitcoin’s price is exceedingly difficult to forecast and is considerably more vulnerable to market forces than more established asset classes.
However, by the end of 2022, the market had changed significantly, with Bitcoin values hitting over 17186.5 on December 1, 2022, when another crypto exchange, FTX, declared bankruptcy.
- Ethereum (ETH)
Ethereum is a cryptocurrency as well as a blockchain platform that is popular among programmers due to its potential uses. These include smart contracts, which execute automatically when certain circumstances are satisfied and non-fungible tokens, or NFTs. NFTs are digital assets representing physical items, such as one-of-a-kind works of art. Ethereum is another cryptocurrency that has seen rapid growth. For example, its price has climbed from £8 to about £1,055 since April 2016.
As a result, it is the top Crypto in December.
- Tether (USDT)
Tether, launched in 2014, is a blockchain-enabled platform to make it easier to utilize fiat currency digitally. It is the best Crypto to buy in December 2022. While tether is not a long-term investment that will increase your money on its own tied to the US dollar, there are lending companies, exchanges, and wallets that will provide you substantial interest for keeping USDT on their platform.
Tether USDT’s current price on December 4, 2022 (06:30 AM IST) is INR 81.43, a change of 0.00% in the previous 24 hours. The Tether USDT price expects to be between INR 75 and INR 85 on December 5, 2022.
- Binance Coin (BNB)
Binance currency, or BNB coin, started as an ERC-20 standard token based on the Ethereum platform. It is a Binance ecosystem native coin that supports the BNB Chain ecosystem. BNB in 2017 was an initial coin offering (ICO) asset enabling new exchange customers to pay lower trading costs. Based on BNB price swings in early 2022, crypto experts predict an average BNB rate of $306.32 in December 2022, which is the top Crypto in December.
It’s lowest and highest pricing projects are $277.14 and $315.07, respectively. Investing in Binance currency in 2022 is unquestionably worthwhile. Remember that BNB is a top utility token with several benefits over other digital currencies. At the same time, keep in mind that BNB is an asset with a high risk-to-reward investment ratio. Pay for goods and services with BNB, settle transaction fees on Binance Smart Chain, participate in exclusive token sales, and more.
Find out more about BNB and start saving money on trading fees. BNB uses Auto-Burn technology to limit its total supply to 100,000,000 BNB.
- US Dollar Coin (USDC)
USD Coin (USDC) is a fiat-collateralized stablecoin, which means that USDC tokens for fiat money, such as US dollars. Stablecoins collateralized by a cryptocurrency, an algorithm, or a hybrid method are further examples. As one of the top cryptocurrencies to buy in December, USD Coin (USDC) is typically a risky investment. While stablecoins such as USDC have lower price fluctuation than other cryptocurrencies, regulatory authorities such as the US Securities and Exchange Commission may be more scrutinizing of stablecoins.
Before acquiring USDC, investors should be aware of the hazards. The essential advantage of the USD Coin is that it allows consumers to purchase and sell other cryptocurrencies without transferring fiat cash in and out of exchanges. USDC may transfer 24 hours a day, seven days a week, and settlements are in seconds.
Ripple is the corporation’s name and the network, and XRP is the top crypto in December. The goal of XRP is to act as a transitory settlement layer denomination, as an intermediary mechanism of trade between two currencies or networks. Though several sorts of investors trust Ripple and its long-term growth, it is nearly impossible to forecast if investing in Ripple will be successful. Cryptocurrency specialists are set to share their XRP price predictions.
Given the uncertainties surrounding Ripple and its future pricing, investing in Ripple, like investing in any other asset, may be dangerous. XRP’s worth is derived from various variables, the most important of which are Ripple’s capacity to collaborate with institutions and its ability to be exchanged for any currency or asset in a timely and cost-effective manner. The Ripple system outperforms the Bitcoin network due to faster processing speeds and lower transaction fees.
The maximum XRP price of $7.20 will define the year 2029. However, the rate may fall to approximately $6.05. As a result, the average trading price is predicted to be $6.23.
- Cardano (ADA)
Cardano is a blockchain platform that is open to the public. Wallet Investor is optimistic about Cardano and anticipates a good trend for the ADA coin’s future price. Because it is now trading at a significant discount, it is the top crypto in December. The site anticipates that the Cardano cryptocurrency will double in value in less than a year and reach $5 by 2027.
Yes, you may invest in Cardano since it is one of the most fundamentally sound cryptocurrencies on the market today.
- Solana (SOL)
Solana is a public, open-source blockchain that enables smart contracts, such as NFTs, and a range of so-called decentralized apps, or ‘dApps.’ Digital apps (dApps) are programs or applications that operate on a blockchain network of computers rather than a single computer. dApps are built for various reasons, including gaming, banking, and social media because they are not subject to the jurisdiction and control of a single government. It is the top crypto in December.
Solana uses a novel combination of proof-of-stake and proof-of-history technologies to process transactions rapidly and securely. The platform is powered by its native coin, SOL. SOL was valued at roughly 57p when it was launched in 2020 and is now worth slightly more than £11.
- Polkadot (DOT)
Polkadot is a cryptocurrency project launched in 2020 to integrate various blockchain networks to work together. Polkadot’s price has risen from £2.15 to £4.44 between its launch and October 2022.
- Dogecoin (DOGE)
Several believe Dogecoin will be successful in 2023. It is recommended to invest in Dogecoin in December 2022. In 2023, the minimum Dogecoin price is expected to be $0.15, with a high cost of $0.18. Typically, the transaction price will be around $0.15, a 40% return on investment at current prices (ROI).
The information in this article is strictly the author’s opinion and does not constitute investment advice; it is offered exclusively for educational purposes. By using this, you accept that the content does not constitute investment or financial advice. Before making investment decisions research and consult with financial professionals.