The third week of December is fast approaching, and everyone is in need of funds for Christmas. As a cryptocurrency trader, you may want to know the best cryptocurrencies to buy in the third week of December 2022.
These cryptocurrencies allow you to earn a lot before the Christmas period. There is no need to be bothered about not being able to trade enough for December 2022 because this write-up has you covered.
12 Cryptocurrencies to Buy in the Third Week of December 2022
There are a whole lot of cryptocurrencies to buy in the third week of December 2022. These cryptocurrencies are very easy and affordable to purchase. In this section of my write-up, 12 cryptocurrencies to buy in the third week of December 2022 are given and explained.
1. Binance USD (BUSD)
This is a stablecoin founded by Paxos and Binance to create a cryptocurrency backed up by the U.S. dollar. For the maintenance of its value, Paxos is in possession of an amount of U.S. dollars that is equal to the total supply of BUSD.
Just like other stablecoins, BUSD gives crypto users and traders the ability to take part in transactions with other crypto assets while reducing the risk of volatility. However, the market cap for this cryptocurrency is $22.11 billion.
2. U.S. Dollar Coin (USDC)
USD Coin (USDC) is a stablecoin just like tether; it is backed by U.S. dollars and targets a 1 USD to 1 USDC ratio. USDC can be used to complete global transactions, and it is also powered by Ethereum.
3. Dogecoin (DOGE)
In 2013, this cryptocurrency was popularly started as a joke but soon advanced into a distinguished cryptocurrency. Dogecoin grew as a result of dedicated creatives and community memes. Unlike other cryptos, there are no limits to the number of Dogecoins that can be created.
This leaves the currency defenseless against devaluation as supply improves. In 2017, the price of Dogecoin was $0.0022, and in December 2022, the price was $0.10 (an increase of 50,000%).
4. Bitcoin (BTC)
Satoshi Nakamoto created Bitcoin in 2009; Bitcoin (BTC) is said to be the original cryptocurrency. Like other cryptocurrencies, BTC operates on a blockchain, which is also a ledger logging transactions that spread across a network of many computers.
Because, in addition to the spreading ledgers, which must be verified by solving a cryptographic puzzle (the process called “proof of work”), BTC is also kept secure and safe from fraudsters.
Bitcoin’s price has increased very quickly as it’s become a household name. Anyone who bought Bitcoin for around $500 in early May 2016 would have made a lot of money. As of Dec. 6, 2022, a single Bitcoin’s price was around $17,020. That’s a 3,304 percent increase.
5. Binance Coin (BNB)
Binance Coin (BNB) is one of the largest crypto exchanges in the world. BNB is a form of cryptocurrency that you can use to trade and pay fees on Binance. Binance was founded in 2017, and Binance Coin has expanded beyond simply facilitating trades on Binance’s exchange platform.
In 2017, BNB’s price was just $0.10. Its price had risen to $289 by late December 2022, a gain of around 288,900%.
6. XRP (XRP)
If you are familiar with Ripple, some of its founders created XRP. This cryptocurrency can be used on networks like Ripple to facilitate exchanges of different currency types, which include fiat currencies and many other major cryptocurrencies.
At the start of the year 2017, the price of XRP was $0.006. As of December 6, 2022, its price had changed to $0.39.
7. Tether (USDT)
Tether, unlike other cryptocurrencies, is a stablecoin. Tether’s value is supposed to be highly consistent compared to other cryptocurrencies, and it’s favored by investors who are wary of the greatest fluctuations of other coins. It’s backed by fiat currencies such as US dollars and the Euro and theoretically maintains a value equal to one of those moments.
8. Cardano (ADA)
Later in the crypto scene, Cardano (ADA) was noticed for its early embrace of proof-of-stake validation. By removing the competitive problem-solving aspect of transaction verification in different platforms such as Bitcoin, this step reduces transaction time, energy consumption, and environmental impact.
This cryptocurrency and Ethereum work alike, and they both enable smart contracts and decentralized applications. However, Cardano’s ADA symbol has had relatively modest growth compared to other major crypto coins. ADA’s price in 2017 was $0.02. But as of December 6, 2022, it had increased to $0.32. It was increased by 1,500%.
9. Ethereum (ETH)
ETH contains both cryptocurrency and a blockchain platform. Ethereum is being favored by the program developers because of its future petitions, smart contracts that automatically carry out when conditions are met, and non-fungible tokens (NFTs).
From April 2016 to the end of December 2022, Ethereum has also experienced tremendous growth, the price went from $11 to somewhere around $1,258, increasing by around 11,336%.
10. Dash 2 Trade (D2T)
This is a very good cryptocurrency to buy this December. This is because it is enjoying an extremely successful presale. This cryptocurrency employs a data range and an analysis range to assist investors and traders in making informed decisions and maximizing profits.
11. Polygon (MATIC)
Polygon is formerly known as MATIC network, and it was called “Ethereum’s internet of blocks.” MATIC was founded in 2017, and Polygon has also increased tremendously since its first launch.
MATIC supports more than 7,000 decentralized applications (DAPPS). The starting price of polygon was around $0.00263. Today, Polygon trades at $0.91, a profit of around 34,500%.
12. Lucky Block (LBOCK)
The mission of crypto is nothing less than restoring and increasing the offerings from the main industry. Lucky Block is a new cryptocurrency that has launched. It has finished its V2 token upgrade and given access to ERC-20 tokens to be listed on other crypto exchanges.