Crypto

The next big cryptocurrency: seven altcoins that will explode in 2022 | Cryptocurrency

Few have predicted the events of the last 2 years. In 2021, Bitcoin saw a sharp rise. Its price reached an all-time high (ATH) of $ 68,521 in November. The cryptocurrency market capitalization is now $ 2.91 trillion. Meanwhile, the DeFi market in particular has gained popularity among investors. It has grown by almost $ 100 billion since the beginning of 2021 and has reached a market capitalization of $ 112 billion.

These and other factors indicate that we can expect to see more than Bitcoin and Ethereum rise next year. There are many altcoins that have a promising chance of gaining momentum. As a PR manager at a large cryptocurrency trading and trading platform, I can share my thoughts on what is happening in the cryptocurrency industry. In this article, I’ll review seven promising projects and explain why investors are more likely to be interested in them in 2022. Don’t take my personal opinion as financial advice.

Solana (SOL)

In my opinion, one of the strongest altcoins in 2021 that can be expected to grow steadily in 2022 is Solana. Previously, I mentioned Solana among the winners and I remain confident that she is a promising asset.

It is based on a proof of history (PoH) consensus mechanism that enables the network to be more efficient. While the standard blockchain relies on the production of sequential blocks that requires confirmation across the network, PoH allows validators to calculate the state of the network from the ledger itself. Therefore, the Solana protocol can depend on its own internal clock and support a throughput of more than 50,000 transactions per second.

It is not exactly a new coin, but it has seen an astronomical increase in recent months. This is partly due to the fact that there are several leading dApps running on the Solana network in the areas of DeFi, e-commerce, non-fungible tokens (NFTs), and gaming.

Solana has a market capitalization of $ 65 billion with average volumes of more than $ 1 billion per 24 hours. It is in the top 10 currencies based on daily volume. It hit an all-time high of $ 260.06 in early November and is now trading at $ 215.54.

Waves (WAVES)

Waves is a platform that can be used to create dApps, smart contracts, and new tokens. It uses the WavesNG Proof of Stake (PoS) consensus and the native token of the WAVES network. The token is used as a reward and incentive for mining, payments, and voting. Since it is an ERC-20 token, WAVES also makes Waves interoperable with the Ethereum network.

With a market capitalization of more than $ 2.3 billion, the WAVES token is strongly ranked among the top 100 cryptocurrencies. Major projects are being built on the platform, including a Gravity cross-chain network, the DeFi Neutrino platform, and the Waves DEX crypto exchange.

The price of the token hit an all-time high of $ 41.33 in May 2021. Today it is trading at around $ 21, which could mean that the price could return to this year’s highest levels later in 2022. For therefore, I think it is worth keeping. an eye for.

Earth (MOON)

Another notable crypto is LUNA, the native currency of the Terra protocol. This base layer protocol uses stablecoins pegged at popular fiat rates, for example TerraUSD. LUNA acts as a reserved asset and helps keep the price of these coins stable.

In October, Terra underwent a Columbus-5 update that enabled the Inter-Blockchain Communication (IBC) standard to allow users to easily transfer LUNA, TerraUSD, and other Terra assets, making it interoperable with other Terra networks.

Immediately after this update, the LUNA token price hit an all-time high of $ 49.43. The following month, it followed a current all-time high of $ 54.77. Right now, the token is trading at $ 43.15 and I expect it to see positive growth for the next year or so.

yearn.finance (YFI)

Yearn Finance is a group of protocols on the Ethereum network. The yearn.finance platform offers services such as displaying APY interest rates, identifying the highest loan rates, compiling DeFi investment strategies, and aggregating “labor and cost savings” trades.

The platform’s native token is yearn.finance (YFI), also known as yEarn. It is used as yUSDC, yUSDT and yDAI to execute user transactions. With the help of YFI tokens, users can also charge fees for loans and operations.

YFI hit a record high of $ 93,435 in May and is now trading at $ 32,312. If there are no unexpected shocks to the cryptocurrency markets, I think YFI will be able to assert its strong position among the investment community for the next year or so.

Feeding Every Gorilla (FEG)

The FEG token is part of the DeFi market that reached new levels of investor interest in 2021. This token is hyperdelationary with a 2% transaction tax that is divided between token holders and a wallet. This reduces the supply of money in circulation, making it rarer and more valuable.

Just released in 2021, it is still a cheap coin with the current price of $ 0.0000000006. It only appears on DEX exchanges with centralized exchange listings in the closest plan, which could help the price and community grow.

Decentralized (MANA)

There are a few posts where I talked about MANA’s recent strong growth and why it’s worth paying attention to. Decentraland is a 3D virtual reality platform built on the Ethereum network. It enables the creation of dynamic 3D scenes, games and applications, as well as the ability for creators to monetize their content and applications.

The platform uses MANA and LAND tokens. MANA is an ERC-20 token that is used to acquire non-fungible ERC-721 LAND tokens. LAND tokens are basically free NFT slots that can be used to build a game in various sectors of the Metaverse. In addition to acquiring LAND, MANA tokens can also be used to purchase avatars, clothing, and other digital goods on the Decentraland exchange.

The MANA token hit a record high of $ 4.69 in October. Right now it is trading at around $ 3 and looks set for a new rally as the Decentraland Metaverse gets bigger.

SuperFarm (SUPER)

SuperFarm is a DeFi protocol that supports the launch of new NFTs on the SuperFarm platform without the need for programming knowledge. SuperFarm is an NFT marketplace that allows users to create their own NFTs, accumulate coins for NFTs, create ERC-20 tokens, and link NFTs to video game items.

SUPER is the SuperFarm utility token. It is used for NFT governance, fees, bets, and draws. Launched in early 2021, the token already has a market capitalization of more than $ 700 million.

In May, the SUPER token hit a record high of $ 4.73 and is now trading at $ 2.06. Future growth will depend on several factors: announcements, new technology solutions from SuperFarm projects, and the crypto environment in general.

What You Should Know Before Buying Altcoins

As the entries we have selected show, the DeFi and NFT markets are in the spotlight this year. There are several noteworthy projects in these areas that are expected to gain traction in 2022, so they are worth pursuing. We can also expect several new projects to emerge. The main priority factors for investors at the moment are the application of cryptocurrencies in the real or virtual world, as well as the flexibility and security of blockchain protocols.

Most of the tokens we have discussed can be purchased on popular crypto exchanges like Binance and Coinbase and on DEX like Uniswap and Sushiswap. If you want to buy or trade them without having to worry about registering and verifying your account, ChangeNOW is a great way to buy any of these coins quickly and without big fees.

It is always essential to do your own research before making an investment decision. While these rising coins offer significant return potential, crypto investments can be unpredictable and carry high risk.

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