The 7 best cryptocurrencies to invest in December 2022

Cryptocurrencies to invest in December 2022: Before investing in Crypto, one needs to know the right coin to invest in as it can bring great rewards.

Entering the crypto space can be very overwhelming at times as the coins keep going up and down. With the development of technology and different applications, it may seem more difficult. There are a multitude of choices on the market which leaves a person indecisive and making a wrong decision can be very risky.

Here is the list of top 7 cryptocurrencies to consider before investing this December.

1. Uniswap (UNI)

Uniswap is in this phase where it is making continuous improvements. It will launch Optimism, now in alpha, which means it’s still being tested and will take some time before it’s available to everyone. Optimism comes with many benefits, such as fast and cheap transactions, scaling, and the ability to pay gas fees in every token. Thus, it is a perfect time to invest in the coin. Investors can expect good returns in the near future when Optimism merges with Uniswap.

However, there has been controversy surrounding Uniswap regarding its governance and voting process.

Source: Coinmarketcap

2. Ethereum (ETH)

Launched in 2015, Ethereum is a decentralized platform, meaning it is not governed by a single person or entity. It is also one of the most popular cryptocurrencies after Bitcoin. Ethereum has always performed well since its inception, making it a good platform for investing.

Source: Coinmarketcap

Also read: Cryptocurrency price today, November 25: Bitcoin, Ethereum price drop, XRP and Huboi token up 4%

3. Bitcoin (BTC)

Developed in 2009, Bitcoin is the first token to function on a decentralized platform. It has performed very well to date and has a market cap of around $318 billion. Bitcoin is one of the most popular cryptocurrencies. It is always a right platform to invest in.

Source: Coinmarketcap

4. Connection (COMP)

Compound is a crypto lending platform booming in the De-Fi market. It has shown commendable growth as of late and its idea of ​​attracting institutional investors can make it boom. The recently introduced Cim[pound Treasury]offers investors investing in US dollars a fixed interest rate of 4% per annum. This policy will attract massive interest from institutions and grab them in the crypto lending market.[poundTreasuryoffersa4%fixedinterestrateperyeartopeopleinvestinginUSdollarsThispolicywillgrabthemassiveinterestofinstitutionstakingitupinthecrypto-lendingmarket[poundTreasuryoffersa4%fixedinterestrateperyeartopeopleinvestinginUSdollarsThispolicywillgrabthemassiveinterestofinstitutionstakingitupinthecrypto-lendingmarket

AAVE makes COMP a tough competition despite different supply policies.

Source: Coinmarketcap

5. Polygon (MATIC)

Polygon is a layer 2 blockchain technology running on Ethereum. With the recent acquisition of crypto company Hermez, transactions will be faster. The merger of two blockchains is expected to produce high-quality results. It has done really well over the past two years and made its mark in the crypto-verse.

The point to note is that any kind of impact on Ethereum will directly impact Polygon.

Source: Coinmarketcap

6. Ripple (XRP)

If Ripple wins the lawsuit against the SEC, which is likely, Ripple’s price will skyrocket. Ripple is a global money transfer platform that primarily works with large financial institutions to help them work together more efficiently without the need for banks. It has long been ranked as the third largest cryptocurrency.

Ripple is trading at a high value, making it worth investing in.

7. Cardano (ADA)

Cardano is a proof-of-stake blockchain platform: the first to be based on peer-reviewed research and built using evidence-based methods. It combines pioneering technologies that offer unparalleled security and sustainability to decentralized applications, systems and companies.

Traders have been buying ADA tokens in anticipation of what will lead to the rise of Cardano. So 2022 can turn out to be a great year for the token.

Make your fortune this December by investing in these coins.

Shourya is a crypto fanatic who has developed an interest in business journalism in recent years. Shourya currently works as a writer at Coingape and is also an avid reader. Aside from writing, she attends poetry shows, explores cafes and watches cricket. As she says, “Dogs are my home,” her first rescue of a dog was at the age of 7! She has been a constant advocate for mental health and rainbow pride.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication assumes no responsibility for your personal financial loss.

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