While bitcoin and ether do not leave the top lines of the ratings, many altcoins show an avalanche of growth and fight for the title of the most promising cryptocurrencies in 2022. In this review, we will see which coins have attracted investors and have growth potential for the near future.
Top 5 by Market Capitalization
The most promising cryptocurrencies for investment in the long term are still the leaders in the market capitalization rating.
Bitcoin (BTC) and Ethereum (ETH) have not lost their positions for more than a year. Recall that bitcoin reached its maximum rate in 2021; experts are sure this is not the limit. If you do not want to take risks, you can invest in the good old bitcoin. You can buy it in just a few minutes in the Mine.
Ethereum has also demonstrated its resilience and ability to compete with other projects more than once.
Along with the pair already familiar to us, the top 3 include the token of the largest cryptocurrency exchange on the planet Binance Coin (BNB). Below is the dollar-pegged Tether (USDT), which is not very volatile. But on the fifth line at the beginning of 2022 is the relatively young currency, Solana. Over the past year, its rate has grown 100 times. The project aims to increase blockchain scalability by combining proof of stake (POS or Proof-Of-Stake) and evidence of history. This and several other technological solutions of the Californian startup should increase the speed of transactions. Solana is considered a currency that can compete with traditional payment systems in this indicator. Now it processes 50 transactions per second, and the creators plan to “overclock” the network to 710 thousand transactions per second. For comparison, for VISA, this figure is about 65 thousand.
Ether “killers”: what are they, and is it worth buying them?
The goals of the already mentioned Solana coincide with the goals of Ethereum: the blockchain is intended to become the basis for smart contracts, decentralized finance (Defi), applications (DeApps), and non-fungible tokens (NFT). At the same time, the air cannot boast of Solana’s ease, scalability, and speed. Therefore, the media often call this coin the “killer” of ether. However, in reality, Solana is focused on finance; with its speed and scalability in the future, it is more likely to compete with stock exchanges. In this regard, many experts are sure that Ethereum and Solana complement each other rather than compete. These currencies continue to grow and develop in parallel with each other and are one of the most promising cryptocurrencies today.
A sidechain with the Polygon cryptocurrency has also appeared on the Ethereum network. It works faster and with lower fees. Polygon blew up the market in 2021 — its rate increased by more than 13,000%. Analysts are confident that Polygon’s growth potential has not been exhausted, and growth will continue in 2022.
Also based on Ethereum technologies are Elrond and Spark, which attracted the attention of investors in 2021. It makes sense to follow them today.
Memcoins – the most promising cryptocurrencies of the future or another bubble?
One of the trends of 2021 is the so-called memcoins — cryptocurrencies inspired by network memes. The first fire was the Dogecoin token with a Shiba Inu dog from a famous picture. It was a kind of parody of bitcoin, created back in 2013. After Elon Musk tweeted “One word: Doge” in December 2020, users rushed to buy dogecoin tokens, and the coin price skyrocketed. To this day, Dogecoin is in the top twenty by market capitalization.
Following him, other me coins appeared; one of the most popular is Shiba Inu. Meanwhile, investors are not advised to invest significant amounts in memcoins. They are very volatile and can fall as fast as they have risen. Musk noted on Twitter that he bought Ethereum and Dogecoin out of curiosity but did not buy Shiba Inu at all, bringing down the latter’s rate by 15%.
Memcoins can be suitable for making quick money on price fluctuations. However, they definitely cannot be called the most promising cryptocurrencies for investment in 2022.
Metaverses: what is it, and is it worth buying their tokens?
Metaverses are virtual spaces where users can communicate, collaborate, play, learn, and more. They have virtual homes, businesses, clothing, and art.
Today, the creators of games and social networks are declaring their plans to create metaverses. In this regard, one of the high-profile events of 2021 was the rebranding of Facebook and Mark Zuckerberg’s statement that the metaverses are the future of the Internet.
In the metaverse, tokens are required to prove ownership of virtual items and transfer them from one user to another. There are so-called non-fungible tokens (NFT) – unique digital objects (it can be a picture, a musical composition, and other thing) recorded in the blockchain. Unlike a regular cryptocurrency NFT token, it cannot be replaced by another without changing its value. There are also ordinary cryptocurrencies in the metaverses, which are used for operations with virtual objects and support the existence and development of projects.
The most popular metaverses of 2021 are Decentraland (MANA cryptocurrency), Star Atlas (ATLAS coin), and Sandbox (SAND token). At the end of last year, the Pavia metaverse also appeared (PAVIA currency, and Cardano also actively supports the project). Most of them are game projects. Metaverses are gaining popularity, and their tokens are often among the cheapest promising cryptocurrencies. The most significant metaverse projects to date deserve the attention of investors.
Other promising crypto projects
Avalanche is an open-source project for building decentralized applications. In 2021, the coin grew by 4,865%, and experts are confident its growth will continue. Therefore, it makes sense to consider including the token in your portfolio.
Cosmos is a project that is called blockchain 3.0. This is a kind of ecosystem within which blockchains can interact with each other and communicate with external networks (for example, Bitcoin or Ethereum). More than 250 applications have already been launched on the Cosmos network; large crypto projects use its infrastructure. The project is believed to have no analogs yet, so Cosmos is often included in the list of the most promising cryptocurrencies in 2022.
Binance Coin is the token of the largest cryptocurrency exchange on the planet. BNB is developing in many directions, providing its holders with various earning opportunities: non-stacking, decentralized applications, and exchange trading. Experts are confident in the Binance Coin’s stability and the coin’s growth prospects in 2022.
Chainlink is another Ethereum network token that allows smart contracts to connect to external information sources and payment systems. Many experts consider LINK undervalued, with its price up 15% in early 2022. For a long time, Chainlink was the leader in terms of return on investment, demonstrating its high potential for long-term investments.
Ripple is a project focused on the financial flows of large corporations.
Summary
When choosing a promising cryptocurrency for investment in 2022, you should focus on the top 20 coins by market capitalization. Already familiar with Bitcoin and Ethereum, they do not give up their positions and have not exhausted their growth potential. You can stop at these coins if you are set up for long-term investments.
Other promising tokens on the Ethereum network have shown good growth in 2021. Among them for example, Chainlink and Polygon. In parallel with this, projects that compete with Ethereum in terms of transaction processing speed appear. One of the most sensational projects of this kind is Solana.
One of the trends of the past year is memcoins: Dogecoin, Shiba Inu, and Floki. They are very volatile; the rate reacts to media and social network publications. Meanwhile, the most popular memcoins are confidently holding the top in terms of capitalization and are very promising. But for long-term investments, such assets are too risky.
Many experts call the metaverses the driver for the development of cryptocurrencies shortly. The most significant projects of this plan to date are Decentraland, Pavia, Star Atlas, Sandbox, and others. These are virtual spaces whose users need tokens. The development potential of the metaverses is enormous, and it makes sense to consider them in terms of investment.
