During 2022, the cryptocurrency market continues to grow, reaching record values. Discover how you can invest in the best cryptocurrencies with us in a transparent and efficient way. Let’s start reading Top 10 Cryptocurrency To Invest.~ Advertisement ~
Top 10 cryptocurrencies to invest
Currently, there are around 10,000 virtual currencies, the difference between these cryptos lies in the technology they use, the type of encryption, as well as the prospects for their value in the markets.
1. Ethereum (Ether)
Ethereum is the second largest cryptocurrency by market capitalization and up until now, it has been operating on a “proof of work” model since its inception. However, the “proof of stake” system (proof of participation) has always been the ultimate goal and for this, it recently made a change in its model, in a movement called “The Merge” (“The Fusion”).
One month after “La Fusión” the adverse conditions of the financial markets do not allow the main digital tokens to free themselves from the pressure of the bears. Ethereum has not capitalized on its protocol switch to the proof-of-stake model from mid-September and its prices have entered a consolidation trend with a downward bias3.
However, despite having lost value, Ethereum can be considered today as one of the most valuable cryptos. In terms of its environmental impact, electricity consumption has been reduced by 99%. Joseph Raczynski of Thomson Reuters expects Ether to reach $1,700 by the end of this year and believes that the fruits of “The Fusion” have yet to be counted.~ Advertisement ~ ~ Advertisement ~