What is the next big Cryptocurrency?
Cryptocurrency trading is becoming easier as several stable coins, such as Uniswap, help to increase liquidity during times of volatility. Small investors are adding cryptocurrencies to their portfolios and leading investors like Elon Musk are actively promoting cryptocurrencies like Dogecoin (DOGE).
What are the prospects for cryptocurrencies next year? What are the best cryptocurrencies to watch and what could be the next big thing for 2022?
In this post, we've put together a list of the top 15 cryptocurrencies to buy in 2022.
Many of them are in the top ten of cryptocurrencies by market cap, and others are coming and coming with a lot of growth potential beyond the next year.
1. ETHEREUM (ETH)
Founded by Vitalik Buterin, Ethereum is a decentralized open-source blockchain. ETH serves as a platform for other decentralized cryptocurrencies and smart contracts. Ethereum's initial ICO was $ 0.311 and sold 60 million tokens.
The Ethereum blockchain can host other cryptocurrencies, known as tokens using the ERC-20 compatibility standard. So far, the blockchain has launched over 280,000 ERC-20 compliant tokens, including forty among the top 100 cryptocurrencies by market capitalization.
One of the main problems with the Ethereum network was the high transaction fees, typically over $ 70 for gas. But in August 2021, as part of Ethereum 2.0's transition to Proof of Stake (PoS), the London Hard Fork update included EIP-1559. This mechanism improves gas fees by implementing an automated bidding system with the base fee burned as part of each transaction fee.
Ethereum held the No. 2 for Bitcoin for a long time. Some cryptocurrency experts predict that ETH could be number 1 in the future and reach $ 20,000 by 2025, but suggest that ETH could reach $ 10,000 by the end of 2022.
2. CARDANO (ADA)
Founded in 2015 by former Ethereum co-founder Charles Hoskinson, Cardano is a decentralized and open-source public blockchain platform that facilitates peer-to-peer transactions.
Cardano was the first to launch a Proof of Stake (PoS) consensus, which eliminates the need for miners, reduces transaction fees, and creates network security on the part of ADA users.
Cardano's mission is that "change facilitators, innovators, and visionaries" create global change by redistributing power "from irresponsible structures on the fringes to individuals".
Cardano wants to help create a just, safer, and more transparent society.
ADA token owners have the right to vote on any proposed software changes, and many cryptocurrency enthusiasts believe Cardano could, one day, terminate Ethereum and move to position # 1. 2 by market capitalization.
Following the announcement of Alonzo's hard fork in August 2021, ADA's price rose, gaining 116% in the following month. On September 12th, Alonzo Hard Fork brought smart contract functionality to the Cardano platform.
3. BINANCE COIN (BNB)
Binance has a unique ecosystem of blockchain-based decentralized networks, with user functionality, including the following networks:
Binance Chain
Binance Smart Chain
Binance Academy
Trust Wallet
Research projects
Binance is the integral key to enabling other Binance sub-projects to function successfully. BNB coin price rose as it gained investor interest, which helped push BNB to position # 1. 3 for listed cryptocurrencies by market capitalization.
Binance has a strong development drive. Its mission is “to become the infrastructure service provider for the entire blockchain ecosystem”. And with corporate investor interest, it could be an exciting year for Binance (BNB), with cryptocurrency experts forecasting a $ 1,000 price tag by the end of 2022 and analysts estimating Binance Coin to be the best cryptocurrency to consider for. 2022.
4. SOLANA (SOL)
Listed: # 7
Price: $ 191
Founded by Anatoly Yakovenko in Geneva, Switzerland, Solana provides Defi (decentralized finance) solutions, facilitating DApp (decentralized app) to improve scalability. Yakovenko has developed the unique and innovative hybrid proof-of-history (PoH) consensus combined with the blockchain's proof-of-stake (PoS) consensus.
Solana is currently in trend. Its popularity may be due to the super-fast processing times available from the hybrid protocol, which also cuts down on validation times and smart contract execution. Solana has excellent scalability potential and is attracting a lot of institutional interest.
Solana has had an impressive bull run since July 2021, gaining 700% after the launch of the Degenerate Ape NFT collection. The new high reached $ 60 and continued due to increased institutional interest, increased developer activity (on the Solana ecosystem), a growing Defi ecosystem, and the popularity of NFT in line with the gaming vertical about Solana.
Cryptocurrency industry experts suggest a steady price hike for SOL over the next year, closing 2022 at around $ 1,000. Solana could be the next big thing for cryptocurrencies in 2022.
5. POLKADOT (DOT)
A polka dot is a very unique open-source multichain sharding protocol, which means it can process multiple transactions in parallel.
Aside from tokens, it facilitates the cross-chain transfer of any type of data or asset. Therefore Polkadot makes more blockchains interoperable with each other. The idea behind the functionality is to simplify the creation of new apps, services, and institutions, and to establish a private and decentralized platform where users have ultimate control.
The Polkadot Token (DOT) provides network operations and governance, creating parachains (parallel chains) via bonding. The protocol connects oracles and future technologies, unauthorized networks, and public and private chains.
How Polkadot chain guards work
Relay Chain: the creation of consensus, interoperability and shared security
Parachain - independent chains that can have unique tokens for specific use cases
Parathread: like chain guards but with flexible connectivity
Bridges: a way for para chain and parathread to communicate with other blockchains such as Ethereum.
The Polkadot Network is a unique and highly sophisticated user-driven system that helps secure the network. Based on their requirements and conditions, communities can customize the governance of the blockchain.
Cryptocurrency industry experts predict DOT's price could reach $ 75 by the end of 2022. They believe Polkadot (DOT) could be a great investment for 2022.
6. DOGECOIN (DOGE)
Founded in 2013 by Billy Markus and Jackson Palmer, Dogecoin is a decentralized, open-source digital currency that provides low-cost peer-to-peer transactions that started out as a joke on the internet. Dogecoin rewards content creators, such as musicians, for sharing content.
Dogecoin's founders wanted DOGE to be as " ridiculous as possible". So they used a silly image of a Japanese dog, a Shibu Inu. Slowly, at first, Dogecoin gained followers, then suddenly discovered that he had a large and loyal community. A prominent investor is Elon Musk, CEO of Tesla, who now sits on the board of directors of the Doge Foundation, along with Vitalik Buterin, founder of the Ethereum network.
In mid-2021, DOGE's price increased by 40%, to as high as $ 0.73 and everything seemed to be going well. So Jackson Palmer released a random public statement scolding ALL cryptocurrencies and suggested that he sold his cryptocurrency holdings because he believed it was all a scam.
Strange behavior for a cryptocurrency co-founder?
Despite the co-founder sway, Dogecoin continues to be popular and has a large and highly supportive community. As part of your portfolio for 2022, cryptocurrency experts suggest that DOGE has excellent potential as the best cryptocurrency to buy because it could be over $ 1 by the end of 2022.
7. USD COIN (USDC)
Listed: n. 10
Price: $ 0.999
With a value of just under $ 1, USD Coin is a stable coin, launched in September 2018 by co-founders Jeremy Allaire and Sean Neville.
The USD (USDC) currency is pegged to the US dollar on a 1: 1 basis. Hence, every USD coin in circulation is backed by the $ 1 held in reserve (a mix of short-term US Treasuries and cash). According to the Center Consortium, the USDC is "issued by regulated financial institutions".
The mantra of the currency is "digital money for the digital age". We face a future where cashless transactions will become the norm and USD Coin aligns itself to serve the purpose.
For example, USDC can act as a
A safe haven for cryptocurrency traders during times of volatility
A way for companies to accept payments in digital assets
A revolution for sectors such as gaming and decentralized finance
Many stable coins have come to the cryptocurrency market in recent years, so what makes the USDC different? For one thing, transparency assures users that for every USDC, they will, without a doubt, get $ 1 in return.
In 2020, Circle and Coinbase announced a significant update to the USDC protocol and smart contracts. The mission was to make it easier for you to use USD Coin for trading, daily payments, and peer-to-peer transactions. As both Circle and Coinbase have achieved regulatory compliance, it helps give USD coins more stability.
The USD coin wants to create an ecosystem where multiple online wallets, exchanges before, and DApp service providers accept USDC as payment. Achieving this target would increase the growth potential for USD coins next year, and cryptocurrency experts agree that USDC could go as high as $ 1.60 by December 2022, but will have an annual average of $ 1. 28.
Adding USD Coin (USDC) to your cryptocurrency wallet could be a great decision for 2022.
8. EARTH (MOON)
Terra is a blockchain protocol that uses fiat pegged stable coins that provide super fast and affordable transactions to stabilize prices on global payment systems.
Daniel Shin and Do Kwon founded Terra in January 2018, but the Terra main net was not launched until April 2019. Stablecoins (LUNAs) became available from September 2020, pegged to the US dollar, Mongolian Tugrik, al South Korean Won and the International Monetary Fund and Earth Special Drawing Rights Currency Basket says other currencies will follow.
The co-founders wanted to blend the daily price stability of fiat currencies with the decentralized benefits of cryptocurrencies. They do this with an algorithm that adjusts prices based on supply and demand.
Terra encourages LUNA holders, with incentives, to trade their LUNA tokens at profitable exchange rates, which further helps stable corn prices adapt to supply and demand. LUNA token holders can submit and vote on important proposals for the Terra network.
The Terra Alliance supports the Terra Network, with over 45 million users in ten countries, various e-commerce platforms, and a gross merchandise value of $ 25 million.
Cryptocurrency industry experts suggest it might be worth HODLing Terra (LUNA) because the price could reach $ 60 by the end of 2022. As a result, Terra (LUNA) could be the best cryptocurrency for 2022.
9. UNISWAP (UNI)
Ethereum developer Hayden Adams launched Uniswap in November 2018.
Over the past year, Uniswap has become a popular decentralized trading protocol that has facilitated automated Defi (decentralized finance) token trading. Uniswap is an automated market maker (AMM) that aims to improve trading efficiency with automated token trading providing liquidity. Adams intended to introduce AMM on Ethereum, bringing it to a wider audience.
In trading, lack of liquidity can create problems and Uniswap exists to provide liquidity where needed, bringing value and growth to the trading community. The automated market-making process increases business as it reduces risks and costs. It also means that any trader can create a liquidity pool for a crypto token pair without the typical identity requirements.
In May 2021, Uniswap V3 was launched on the main network. It has better capital efficiency for liquidity providers, improved infrastructure, and superior execution for traders. Before launch, Uniswap (UNI) hit a high of $ 44.97 and interest in matching the UNI to AUD and EUR price pairs has increased since then, greatly increasing the versatility for Uniswap (UNI).
Interest in all forms of trading is growing exponentially, as are trading and investing in cryptocurrencies. Increased liquidity means further growth in these areas, so for this reason it is worth watching Uniswap for the foreseeable future as cryptocurrency experts are predicting price increases of up to $ 60 in the next year.
An AMM cryptocurrency has excellent potential because cryptocurrency trading is on the rise. Therefore, Uniswap (UNI) could be the next big thing in 2022.
10. LITECOIN (LTC)
Litecoin (LTC) is a cryptocurrency founded by Charlie Lee (former Google employee and Bitcoin miner) in 2011 that leverages blockchain technology to provide fast, secure, and low-cost payments. Although initially based on the Bitcoin protocol, Litecoin uses a different hashing algorithm, shorter block transaction times (2.5 minutes), and exceptionally low fees. These differences make it ideal for point-of-sale payments and microtransactions.
Today, LTC is widely adopted, with 2000 stores and merchants accepting LTC around the world. It is ideal for developing countries that cannot afford Bitcoin fees.
In late 2020, Litecoin released MimbleWimble (MW), which tests MW-based confidential transactions on the Litecoin network. Once available on the mainnet, Litecoin users will have greater fungibility and privacy.
Litecoin is highly secure, with cryptographic defenses that make hacking virtually impossible. The network prevents a wide range of attacks such as double spending while having 100% uptime.
Litecoin could continue to meet the growing needs of consumers by unlocking the power of the blockchain. Many cryptocurrency experts suggest further price hikes for Litecoin (LTC).
Coin Price Forecast said: Litecoin price started in 2021 at $ 124.09. Litecoin's expected price at the end of 2021 is $ 304 and year-to-year variation + 63%. In the first half of 2022, Litecoin's price will rise to $ 419. the price would close the year at $ 537, which is + 188% from the current price. "
Such a positive forecast means that Litecoin (LTC) could take off in 2022 and be a great cryptocurrency to add to your wallet.
11. BITCOIN CASH (BCH)
Bitcoin Cash is a decentralized, permissionless peer-to-peer cryptocurrency and e-money system. It aims to provide fast global cash payments with high transaction capacity, micro fees, fast payouts, and privacy.
But unlike traditional physical money, there are no intermediaries to censor transactions such as banks and payment processors. The Bitcoin Cash network is independent of the control of financial third parties.
Bitcoin Cash has a limited supply of 21 million coins, combining scarcity with the ease and freedom to spend physical money.
Other uses for Bitcoin Cash (BCH).
Reduce fees and settlement times for cross-border trading and remittances
Simplified smart contracts
Private payments via platforms such as CashFusion and CashShuffle
Cryptocurrency experts predict bullish price activity for Bitcoin Cash (BCH) from January 2022 and suggest the price could reach $ 2,400 by the end of the year. We believe Bitcoin Cash (BCH) is one of the best cryptocurrencies to invest in 2022.
12. POLYGON (MATIC)
Coinbase and Binance are supporting Polygon. It is a user-friendly platform that transforms Ethereum into a multi-chain system.
The project seeks to solve the typical scalability problems of other cryptocurrencies. It can process 65,000 tps (transactions per second) on a single side chain and takes two lightning-fast seconds for block confirmation. Polygon's Plasma framework can host an unlimited number of decentralized applications on its infrastructure.
Polygon is a Layer-2 scaling solution, so there is no need to upgrade the current blockchain. Sidechains support a wide range of Defi protocols in the Ethereum ecosystem. In the future, Polygon may extend support for more base chains, which would make it interoperable.
MATIC is an ERC-20 token that runs on the Ethereum blockchain used for payment services on Polygon
Cryptocurrency industry experts predict Polygon (MATIC) will increase by 50% by the end of 2022, to around $ 3.22, making Polygon (MATIC) an ideal cryptocurrency for investing next year.
13. STELLAR (XLM)
Jed McCaleb founded Stellar in July 2014. It was a hard fork of Ripple. Stellar is an open network that allows you to store and move money, helping financial companies to connect via blockchain technology.
Stellar's Native Token (XLM) acts as a bridge, helping to reduce the costs of cross-border trading activities. Typically, this service is expensive when using traditional payment service providers.
The founder set out to provide an easy way for people to move fiat currency into cryptocurrency and alleviate the typical transaction challenges.
Transaction costs for Stellar are 0.00001 XLM, making it an attractive option for transferring money. Bitcoin and Ethereum transaction fees can be expensive, and traditional money transfer payments can also come with high costs.
A few years ago, Stellar teamed up with IBM to launch a project called World Wire. This project allowed large financial institutions to use the Stellar network to send transactions using bridging assets such as stable coins.
Most other blockchains have community funds that can be allocated to projects to improve the ecosystem. But Stellar works differently in that users can vote for the initiatives they want to support.
Cryptocurrency experts predict that growth for Stella (XLM) will be stable in 2022 but could close at around $ 0.70 at the end of the year. As experts predict Stella's (XLR) price will nearly double, we believe it is one of the best cryptocurrencies to invest in for 2022 and is an affordable cryptocurrency for small investors.
14. VECHAIN (VET)
Sunny Lu launched VeChain in 2016 to use IoT (Internet of Things) technology and distributed governance as an ecosystem to solve supply chain management problems by improving transparency, efficiency and traceability, reducing costs, and giving people have greater control over the supply chain.
Supply chains can be problematic due to poor communication and friction at various stages of the chain. Over the years, there has been no change in the way a supply chain operates, but VeChain disrupts traditional supply chain models.
VeChain uses transparent technology to eliminate single pain points in a supply chain. It provides greater efficiency and safety and makes it much easier to track products in the supply chain, and an added benefit is cost savings.
Supply chains can be expensive and challenging, so VeChain caters to companies looking to reduce friction and provide greater transparency to customers.
VeChain has two tokens, VET and VTHO. Token holders can stake and provide liquidity in exchange for token rewards.
VeChain has potential for future growth, and cryptocurrency experts suggest the price could double to $ 0.26 before the end of 2022.
We believe VeChain may be the best crypto asset to buy in 2022.
15. TRON (TRX)
Founded by Justin Sun, TRON is a decentralized blockchain-based operating system that enables peer-to-peer content sharing. It has a high transaction speed of 2,000 tps, which is super fast compared to Bitcoin at 6 tps.
Content creators can launch unique and personal tokens to share directly with their audience for rewards. It is also a popular platform for developers to build DApps and for file sharing.
Content creators, like musicians, often pay a premium fee to traditional platforms for streaming their music. By eliminating middlemen, TRON content creators earn more and consumers pay lower prices for content.
The potential for Tron's future growth could be significant. The reason is that, during the Covid 19 pandemic, the entertainment industry went online to digitize its work. These changes can only be positive for TRON, along with TRON's transparent roadmap for its future development.
Cryptocurrency industry experts suggest a steady price hike for TRON, ending in 2022 at $ 0.17.
SUMMARY OF THE 15 BEST CRYPTOCURRENCIES TO BUY IN 2022
In this post, we have delved into the top 15 cryptocurrencies to buy in 2022. From TRON at a low price of $ 0.10 and Ethereum at over $ 4,000, there is a cryptocurrency for every budget.
Just because cryptocurrencies are priced high doesn't mean they're the best cryptocurrencies to buy. Likewise, just because cryptocurrencies are cheap also doesn't mean it's the best investment.
Think long-term and hold your cryptocurrency during bearish times. What goes up must indeed come down, but it works just the same the other way.
More and more institutions are involved in cryptocurrencies, which will lead to greater adoption.
That said, cryptocurrency investments are not without risk. There are no guarantees to invest in any financial instrument, but cryptocurrencies are particularly volatile. After the high in June of this year, most cryptocurrency prices fell below 50% and consolidated for several months before making small gains.
But, if you've completed enough research and believe in the crypto project, your investment could reap the rewards in time.
Please note that the above information does not provide advice on taxes, investments, or financial services. We provide the above information without considering the risk tolerance and financial circumstances of a specific investor.
It involves risk and the possibility of a capital loss. There are no guarantees to profit from cryptocurrencies, and it is advisable to only risk what you can comfortably afford to lose.
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