Top 5 Cryptocurrencies With The Potential To Sustain Inflation In 2022

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Last Updated July 20th 2022
6 Min Read

The crypto market has been experiencing significant downturns for the past several months. The market capitalizations of some of the major cryptocurrencies have plunged, and digital assets continue to lose more value. 

Experts believe that fear and panic around an incoming recession and fierce headwinds due to inflation have caused some of the best cryptocurrencies in the market to plunge. However, investors are looking for the top cryptos to buy and ride out this inflation period. Therefore, we have listed the top 5 cryptocurrencies with the potential to sustain inflation in 2022.

 

Avalanche 

Avalanche (AVAX) is a smart contract-capable blockchain platform focused on transaction speed, low costs, and eco-friendliness. This emerging crypto protocol delivers a highly scalable blockchain without compromising decentralization or security. Launched in 2020 by the Ava Labs team, it quickly ascended the cryptocurrency rankings and made headlines in the crypto community. 

Avalanche aims to achieve the quickest time to finality for blockchain transactions. Time to finality is how long it takes for a crypto transaction to process and be considered permanent and irreversible. Once a transaction has achieved finality, it cannot be rolled back or altered. 

Finality is a significant blockchain feature (especially for financial applications), but time to finality is not equal across different blockchains. Ethereum, for instance, achieves finality in about one minute. On the other hand, Avalanche achieves finality in one second, which is near-instant in real-world usage.  

With many financial analysts predicting a “crypto winter” due to inflation, it is wise to assume that only the best projects, including Avalanche, will survive.  

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Algorand 

Algorand is a Pure Proof-of-Stake blockchain platform that uses algorithmic randomness to solve blockchain’s trilemma. Unlike most blockchain projects, it requires minimal computation as it realizes the unique combination of the Proof-of-Stake algorithm rather than Proof-of-Work. As it is a public blockchain platform, developers can use it to build decentralized applications on top of it.

It aims to solve the inefficiencies of ledgers, such as scalability, waste of energy, and high cost of transactions. Algorand uses the advantages of both centralized and decentralized blockchain projects. It is efficient and effective, like a centralized platform and governance model of decentralized projects to ensure accountability. Various such advanced features make ALGO one of the top 5 cryptocurrencies with the potential to sustain inflation in 2022.

Algorand is also a good investment because of its growing ecosystem across the board. It has been adopted by developers building applications in all industries, including Automated Market Makers (AMM), analytics, decentralized autonomous organizations (DAO), DEX, governance, oracles, and NFTs, among others.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ripple 

Ripple is one of the most popular cryptocurrencies, thanks to its partnership with various established financial institutions and banks. Also, hundreds of financial institutions across 55 countries are already using XRP to facilitate transactions. 

The price of XRP has seen a colossal rise over the past few years. This is because it helps banks and financial institutions carry out global money transactions instantly without even considering exchange rates. Moreover, XRP has a faster transaction time as compared to other cryptocurrencies. 

The team is also handling the SEC lawsuit well, causing many to believe in a Ripple-positive outcome. Notably, XRP is listed on various global exchanges and has been embraced by some financial institutions. The company also insists it has a “growing pipeline” of businesses interested in using XRP in their payment flows. Thanks to its solid relationships with banks and governments, XRP is one of the top 5 cryptocurrencies with the potential to sustain inflation in 2022.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Bitcoin Cash 

Bitcoin Cash is a peer-to-peer (P2P) electronic cash system that resulted from a Bitcoin hard fork. It is by far the most successful hard fork of the Bitcoin network and is notably faster than Bitcoin. The protocol is currently working to resolve scalability issues faced on the Bitcoin blockchain. BCH is also easier to mine when compared to BTC because of the integration of new protocols. 

While Bitcoin can process about 7 transactions per second (TPS), Bitcoin Cash can support more than 100 TPS. The faster processing speed and the low fees contribute significantly to BCH’s investment value.  

Bitcoin Cash’s supply is capped at 21 million coins. It also reduces the rate of mining by almost 50% every four years, indicating that its circulating supply keeps decreasing. Due to coin burns, its market value has witnessed a price hike. This mining mechanism makes it one of the top 5 cryptocurrencies with the potential to sustain inflation in 2022.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Binance Coin (BNB)

Binance Coin is the native cryptocurrency of the Binance exchange, with a maximum limit of 200 million tokens. Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy (called burning) Binance Coins held in its treasury. 

The Binance exchange is one of the largest cryptocurrency exchanges, supporting over 1.4 million transactions per second (TPS). In 2017, it created BNB as a utility token for discounted trading fees. However, its uses have extended to numerous applications, including travel bookings, payments for transaction fees (on the Binance Chain), online service payments, entertainment, and financial service payments. The numerous use cases offered by BNB make it an enticing investment option. 

Given its positive outlook and advantages over other digital assets, BNB is one of the top 5 cryptos with the potential to sustain inflation in 2022.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Read More:

The 5 Best Ways To Buy Avalanche (AVAX)

How To Buy Algorand (ALGO)

The Best Places To Buy Ripple (XRP) 

How To Buy Bitcoin Cash (BCH)

The 5 Best Ways To Buy Binance Coin (BNB)

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