Cryptocurrency prices rose for a second day today, with Bitcoin trading above the $23,000 mark

Cryptocurrency prices rose for a second day today, with bitcoin trading above $23,000 and ether-related tokens leading gains, as optimism grows over a long-awaited software update to the Ethereum blockchain network.

The world’s largest and most popular cryptocurrency Bitcoin rose more than 5% to $23,868. The global cryptocurrency market capitalization crossed the $1 trillion mark today as it rose more than 4% to $1.14 trillion in the past 24 hours, according to CoinGecko.

On the other hand, Ether, a coin linked to the ethereum blockchain and the second largest cryptocurrency, gained nearly 7% to $1,714. Meanwhile, Dogecoin was trading more than 5% higher at $0.06 today, while Shiba Inu was also up more than 5% at $0.000015.

Ethereum’s transition from the current system of using miners to a more energy efficient system using staked coins is imminent. The transition to this so-called proof-of-stake system is expected in September.

This week, Ethereum developers signaled continued progress in testing the new system and are holding a series of events for potential stakers and other community members in the coming weeks. Ethereum Classic is up more than 21%.

Other cryptocurrencies also performed better today as XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Apecoin, Avalanche, Polkadot, Tether, Polygon, Tron, Uniswap all traded with gains in the last 24 hours.

Meanwhile, the broader crypto market continued to benefit as traders dialed back bets on a Federal Reserve hike after a grim economic reading fueled fears of a US recession.

US banking regulators have ordered crypto firm Voyager Digital to cease and desist from “false and misleading” claims that its customers’ funds were protected by the government, Reuters reported. Voyager was one of several crypto firms that struggled with the extensive turbulence in the crypto market.

Several crypto companies have filed for bankruptcy or been forced to seek emergency capital infusions. Rising interest rates and high-profile crashes like crypto hedge fund Three Arrows Capital have hit digital tokens this year. Cryptocurrencies such as Bitcoin rose sharply in 2020 and 2021, but have fallen sharply this year.

Cryptocurrencies have proven to be great investments over the years despite many ups and downs in the market. It’s also true that saturated tokens can wipe out your savings overnight. How do you find cryptocurrencies that are really worth investing in?

This article examines the top eight cryptocurrencies that are poised to explode in 2022. Some of them are new to the market, while some are currently in a downtrend. Emerging or established, they are all undervalued right now. It’s time to collect them!

Battle Infinity (IBAT) — The best cryptocurrency to invest in 2022

Lucky Block (LBlock) — The best cryptocurrency with earning potential

Decentraland (MANA) — The best metaversion token

Polygon (MATIC) — The most popular Ethereum scaling solution

Chainlink (LINK) — Connecting the blockchain and the real world

Earthling (ETLG) — Top cryptocurrency with a social mission

Ethereum (ETH) — The most undervalued cryptocurrency

Bitcoin (BTC) — The ultimate digital store of value

Battle Infinity tops our list of the best cryptocurrencies to buy in 2022. As the world’s first NFT-based fantasy sports game integrated with the metaverse, Battle Infinity presents some excellent value propositions. It allows you to build your own battle team and earn while showing off your gaming skills in the metaverse.

Battle Infinity is launching six products. The first is Battle Swap, a DEX that acts as a bank in the Battle Infinity ecosystem. With Battle Swap, you can buy IBAT tokens directly and exchange your rewards for another specified currency. As the DEX is integrated with the game marketplace, game store and arena, transactions on the platform are fast and smooth. Game assets in Battle Infinity are graded by rarity. You can trade them on the Battle Market, an NFT marketplace that lists assets like characters and weapons tokenized using BEP721 smart contracts.