Are you interested in discovering which cryptocurrencies will reign supreme in the UK in
2022? You are in the proper location at this time. In this post, we are going to discuss the top
cryptocurrencies that you should think about investing in right now.
In the past, these have not only performed exceptionally well, but they have also
demonstrated their resiliency by avoiding being hacked and surviving market crashes.
We have also investigated the long-term viability of their blockchain networks, and based on
our findings, we are extremely confident that their value will not only survive the test of time
but also continue to increase over time.
The Best Crypto in the UK at the Moment
Let’s go over some of the top cryptos in the UK by taking a look at what differentiates them from other cryptocurrencies, how they’ve conducted in the past, how their prices are moving right now, and what crypto specialists and analysis predict for their future performance. You can also look further into how to buy and the best crypto assets to get a hold of here, relying on trustworthy sources.
Bitcoin
Bitcoin was the first cryptocurrency ever created. It’s also the most widely used among the most valuable online assets. Its current value is £29,500, which results in a market capitalization of £575 Billion.
It not only has performed extremely well in the past, but it also has a bright future, which is why it has earned a spot on our list of the best cryptocurrencies to buy in the UK. It emerged from obscurity ten years ago to reach an all-time steep price of £54,700, and some industry experts have predicted that the leading cryptocurrency will be worth even more by the time the next decade begins.
Bitcoin is included on our list of the best digital currencies in the United Kingdom due to the fact that it is both resilient and sustainable. In spite of the fact that it has been through three massively turbulent price crashes in 2013, 2018, and 2021, it has consistently managed to find a way to get back on its feet.
It has even prevailed in the face of opposition from governments as powerful as China’s. And the fact that it has been accepted as a form of legal tender in countries such as El Salvador and the Central African Republic is evidence that Bitcoin is a sustainable network.
This is further supported by the fact that it has been adopted as an exchange medium by a wide variety of retail establishments and online marketplaces all over the world.
Ethereum
Ethereum is the most widely used platform for executing smart contracts in the world. It is the blockchain equivalent of the internet and hosts the biggest collection of decentralised applications and smart contract software.
The first version of the blockchain was released in 2015, and since then, it has grown to be among the most well-known and widely used blockchain technologies. Throughout this period, it also increased in price by even more than 98500%, and it is currently being sold for £2225, which is more than 43% lower than its peak value of £3890 in November 2021.
Because of this, it has risen to become the second most widely used and valuable cryptocurrency, with a current market cap that is greater than £268 billion. However, the fact that Ethereum has a sustainable network and has experienced stellar price action in the past is not the only reason it is included on our list of the best cryptocurrencies in the UK.
The likelihood that this value increase will continue, as well as the growth of the ecosystem, are two others. Some cryptocurrency investors and analysts are even optimistic that Ethereum possesses everything it needs to overtake Bitcoin to become the most valued cryptocurrency within the next decade.
They base this optimism on the fact that Ethereum’s development has been more rapid than Bitcoin’s. But is something like this even conceivable? Perhaps, but only after taking into account the fact that it has received the Ethereum 2.0 upgrade.
It would make it more rapid and efficient, make its token supply price deflation, and endear it to investors due to its energy consciousness. Moreover, it would make its token supply deflationary.
Shiba Inu
In spite of the fact that it lost 75 percent of its peak value, Shiba Inu already has a return on investment (ROI) of 1.3 million percent since it was introduced in October 2021. As a result, it is the meme coin with the most rapid growth.
As a result of such an unprecedented increase in value, it has risen to the position of the 15th most useful cryptocurrency and currently has a market cap of £9.52 billion. However, what are the chances that Shiba Inu will repeat this level of success in the years to come? In the opinion of the typical investor, the likelihood of success is extremely low.
To understand why we have not yet seen the last of the meme coin, you need to look a little deeper than what meets the eye and investigate the recent developments that have taken place within and around the Shiba Inu ecosystem.
Categories
Tags
Author
Gaston is a Belgian writer born in 1975. He writes on various subjects, Health, Fashion, Technology, CBD and Art for various publications including Spirou. He is based in Brussels.
