8 Best Cryptocurrencies To Buy in August 2022

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Cryptocurrency is digital money that isn’t managed by a central system, like a government. Instead, it’s based on blockchain technology, with Bitcoin being the most popular one. As digital money continues to gain traction on Wall Street, more and more options become available. There are currently over 20,000 cryptocurrencies on the market.

While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, volatility makes investing in cryptocurrency risky, as demonstrated by the recent freefall among cryptocurrencies, including stablecoins pegged to the U.S. dollar. It’s important to know what you’re getting into before you buy in.

That said, these are eight top cryptocurrencies that could prove to be worthy of investment in 2022.

Top 8 Cryptocurrency Investments in 2022

Cryptocurrency Price Market Cap
Bitcoin

$22,953.73

$437.63 billion
Ethereum $1,627.56 $197.41 billion
Binance coin $279.68 $44.94 billion
Cardano $0.5035 $16.99 billion
Polygon $0.8891 $7.14 billion
Terra 2.0 $2.13 $272.55 million
Avalanche $23.09 $6.57 billion
Chainlink

$7.45

$3.49 billion
Data is accurate as of Aug. 1, 2022.

1. Bitcoin (BTC)

Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it’s the leader, with a price and market cap that’s much higher than any other crypto investment options.

Many businesses already accept bitcoin as payment, which makes this cryptocurrency a smart investment. Visa, for example, transacts with bitcoin. And after a four-year cryptocurrency hiatus, Stripe will also let customers accept bitcoin payments. The larger banks have begun to incorporate bitcoin transactions into their offerings as well.

While Tesla accepted bitcoin only briefly, it might again if mining…

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