It’s been a wild ride for cryptocurrency investors in 2021. So, what’s in store for the coming year? Here are four cryptos to keep an eye on in 2022.
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Bitcoin is the OG cryptocurrency. Created in 2009 by Satoshi Nakamoto, Bitcoin is the first and most well known cryptocurrency. It is also the largest cryptocoin by market capitalization, with a total market cap of over $1 trillion as of March 2021.
Bitcoin is a decentralized cryptocurrency, meaning it is not subject to government or financial institution control. Bitcoin is also scarce, with a limited supply of 21 million coins that will ever be created. Bitcoin’s price is volatile, but has seen steady growth over the years, with a peak price of over $58,000 per coin in 2021.
Investing in Bitcoin can be done through buying and holding the coin, trading futures or options contracts on exchanges, or participating in a mining pool.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
These apps run on a custom built blockchain, an immensely powerful shared global infrastructure that can move value around and represent the ownership of property.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Litecoin is a digital currency that enables instant, peer-to-peer payments anywhere in the world. Litecoin is fully decentralized, with no central bank or single administrator. Litecoin was created in October 2011 by Charlie Lee, a former Google employee.
Bitcoin Cash, also called Bcash, is a cryptocurrency that forked from the Bitcoin blockchain in August 2017. Unlike Bitcoin, Bitcoin Cash supports larger blocks of 8 MB. The original vision for Bitcoin Cash was to become a “peer-to-peer electronic cash” system that would be friendly for everyday use. However, it has become more popular as an investment vehicle and store of value, like Bitcoin.
When it comes to investing in cryptocurrency, there are a lot of different options out there. But if you’re looking for a coin that is privacy-focused and has a strong team behind it, then Monero (XMR) is a good choice.
-Monero is focused on privacy, which is something that is becoming increasingly important in the cryptocurrency space.
-The team behind Monero is strong and has a lot of experience in the field.
-Monero has been around for several years and has a proven track record.
If you’re looking for a coin to invest in for 2022, Monero is a solid option.
Zcash is a digital currency that offers privacy and selective transparency of transactions. Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core’s battle-tested codebase. Our goal is to create a cryptocurrency that is secure, private, and fungible.
Dash (DASH) is a digital currency similar to Bitcoin. However, it is more private and faster than Bitcoin. Dash has grown in popularity in recent years, and it is one of the top 10 cryptocurrencies by market capitalization. Dash is a good choice for investors who are looking for a digital currency that offers privacy and speed.
Ethereum Classic is an open-source, decentralized, blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called “classic ether”, which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed. The classic ether token is traded on cryptocurrency exchanges under the ticker symbol ETC.
Ethereum Classic is a fork of the Ethereum blockchain. The fork occurred after a hacker exploited a flaw in a smart contract known as the DAO, resulting in the loss of over 3.6 million ETH. The Ethereum Foundation decided to hard fork the Ethereum blockchain to refund the stolen ETH to investors, while a portion of the community believed that this violated the immutability of the blockchain. This resulted in the creation of Ethereum Classic, with its own value token (ETC) and blockchain.
NEO is a blockchain platform and cryptocurrency which enables the development of digital assets and smart contracts. NEO was founded in 2014 and open-sourced on GitHub in June 2015. Its mainnet was launched in October 2016, and the NEO token was created to fuel the NEO ecosystem.
NEO’s mission is to create an open-source distributed network for the “Smart Economy”. The NEO platform supports a wide range of programming languages, including C#, Java, and Go. The use of different programming languages provides developers with more flexibility when creating smart contracts.
NEO has several unique features which set it apart from other blockchain projects. These include:
-Digital Assets: NEO allows users to create and trade digital assets on its blockchain. These assets can be used to represent real-world assets, such as equity shares, commodities, or even fiat currencies.
-Delegated Byzantine Fault Tolerance (DBFT): NEO’s consensus mechanism is designed to be more energy efficient than Proof-of-Work (PoW) or Proof-of-Stake (PoS) mechanisms. It also eliminates the need for powerful mining hardware, making it more accessible to a wider range of users.
-Cross-chain Interoperability: NEO is working on a number of initiatives to promote cross-chain interoperability, including the NeoX protocol and the Atomic Swap technology. These initiatives will allow different blockchains to interact with each other, expanding the reach of the entire crypto industry.
Cardano is a smart contract platform with a strong focus on security through formal verification. It is the first blockchain platform to be built on peer-reviewed research, and features a unique proof-of-stake algorithm known as Ouroboros. Cardano is intended to be used as a global financial operating system, and its native ADA token is used to power transactions on the network. Cardano is currently ranked in the top 10 of all cryptocurrencies by market capitalization, and its price has seen significant growth in 2021.