Cryptocurrencies are digital money that has no paper form but are used the same way as traditional currencies. You can pay for services with crypto, you can trade it, invest in it, etc. The most important news in the cryptocurrency industry lately was the massive crash in the value of all crypto exchange coins. That happened amid a real economic crisis. However, that does not mean that cryptocurrency is dead, as many articles on the Internet claim. We all know that markets go through their cycles and that a “down” trend turns into an “up” trend.
As the cryptocurrency market is trending downward, many people still want to buy cryptocurrencies. It is a smart decision to buy crypto now, when prices are low, to sell them when prices rise, which will definitely happen, for the market is cyclic.
Investing in cryptocurrencies requires knowledge of the market and the ability to trade without extra emotions. Following advice from the Internet is not a good plan for investors. They should know the market, study the projects and see their dynamics and development potential. To find out whether the project is worth investing in, the following questions need to be answered:
- What is the nature of the project, and what benefits will it bring to the market?
- Who is behind the project, and do the founders have a good reputation?
- Does the project have an engaged community?
- Is information regularly posted on the project’s social media?
- Who are the project’s investors and partners?
We have selected the most promising cryptocurrency investment assets in 2022: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Sandbox (SAND).
Where to Buy Cryptocurrency in 2022?
The crypto assets listed above are traded on major cryptocurrency exchanges. It is recommended to register on a trusted crypto exchange, for example, WhiteBIT. It has all the tools for trading, from ordinary exchange functions to complex trading tools for advanced users. To buy cryptocurrency online on WhiteBIT, you should register an account and verify it, add your bank card, and pick the needed digital asset from the list.
On the WhiteBIT blog, you will find many helpful articles about the best crypto assets to invest in 2022.