While many investors are focused on Bitcoin and Ethereum, there are a number of other cryptocurrencies that could explode in value in the coming years. Here’s a look at a few of the most promising altcoins that could see big gains in 2022.
Checkout this video:
Bitcoin
Bitcoin has been the leading cryptocurrency since it was created in 2009, and it has continued to grow in popularity. More businesses are beginning to accept Bitcoin as a form of payment, and more people are investing in it. As the demand for Bitcoin increases, so does its price.
What makes Bitcoin such a desirable investment is its limited supply. There will only ever be 21 million Bitcoin in existence, and as more people want to buy Bitcoin, the price will continue to rise.
Investors are also drawn to Bitcoin because it is not subject to inflation like traditional fiat currencies. Fiat currencies lose value over time as governments print more money, but Bitcoin’s supply is capped at 21 million, so its value is not subject to inflation.
Bitcoin’s price has been volatile in recent years, but it has still shown steady growth. From January 2020 to January 2021, the price of Bitcoin increased from $7,000 to $40,000. And many experts believe that Bitcoin still has a lot of room to grow.
Investing in Bitcoin is a risky bet, but if you believe that the cryptocurrency will continue to grow in popularity and value, then it could be a wise investment.
Ethereum
Ethereum is expected to explode in value in 2022, due to a variety of factors. First, the Ethereum network is scheduled to undergo a major upgrade, called Ethereum 2.0. This upgrade is expected to boost the network’s scalability and efficiency, making it more attractive to businesses and users. Second, the DeFi (decentralized finance) boom is expected to continue in 2022, with more people and businesses using Ethereum-based protocols and applications. Finally, the growing interest in NFTs (non-fungible tokens) is also expected to drive up Ethereum’s price.
Litecoin
Litecoin is one of the oldest and most established cryptocurrencies. It was created in 2011 by Charlie Lee, a former Google employee. Litecoin is often referred to as “the silver to Bitcoin’s gold.” Like Bitcoin, Litecoin is a decentralized cryptocurrency that can be used to buy and sell goods and services. However, there are several key differences between the two cryptocurrencies. For one, Litecoin has a much faster block time. This means that transactions are confirmed more quickly on the Litecoin network. Secondly, Litecoin has a larger total supply than Bitcoin. There will eventually be 84 million Litecoins in circulation, compared to 21 million Bitcoins. Lastly, Litecoin uses a different mining algorithm than Bitcoin. This makes it easier for regular people to mine Litecoins with their personal computers.
Bitcoin Cash
Bitcoin Cash (BCH) is a direct fork of Bitcoin (BTC), meaning it is a cryptocurrency with the same history and transaction record up until its launch date. But what sets BCH apart is its increased block size limit of 8MB. This allows for more transactions to be processed per block, theoretically making BCH faster and more scalable than BTC. BCH also has very low transaction fees, making it a popular choice for cryptocurrency users.
Cardano
Cardano is a fascinating project that has the potential to explode in 2022. Cardano is a smart contract platform that rivals Ethereum. However, Cardano has some major advantages over Ethereum. For one, Cardano is far more scalable than Ethereum. Additionally, Cardano is built on a proof-of-stake consensus algorithm, which is much more energy-efficient than Ethereum’s proof-of-work algorithm.
There are many reasons to believe that Cardano will explode in popularity in 2022. For one, the long-awaited Shelley upgrade is finally set to launch on Cardano’s mainnet in July of 2021. This upgrade will bring numerous improvements to the Cardano network, including improved scalability and reduced transaction fees. Additionally, with the Shelley upgrade, staking on Cardano will become much more accessible to the average user. This could lead to a surge in adoption of the platform as more people realize the benefits of staking their ADA tokens.
Another reason why Cardano could explode in popularity next year is due to increasing interest from institutional investors. In 2020, we saw a number of large institutions start to invest in cryptocurrency. This trend is likely to continue in 2021 and beyond, and it seems highly likely that some of these institutions will start investing in Cardano given its strong fundamentals. If even a small percentage of institutional investors put money into Cardano, it could lead to a massive price increase for the token.
All in all, there are many reasons to believe that Cardano could explode in popularity next year. The Shelley upgrade will bring significant improvements to the network and make it more attractive to users and investors alike. If even a small percentage of institutional investors put money into the project, it could lead to massive price growth for ADA tokens. 2022 could be a very big year for Cardano!
Polkadot
When it comes toPredictions for what crypto will explode in 2022, one name that frequently crops up is Polkadot. Polkadot is a project that aims to create an ecosystem of connected blockchains, allowing for the interoperability of disparate systems. This would allow for the transfer of data and value between different blockchain platforms without the need for a centralised party. Polkadot is seen as a potential solution to the problem of blockchain fragmentation, and its proponents believe that it has the potential to become the web 3.0 platform.
Polkadot was founded by Gavin Wood, one of the co-founders of Ethereum, and is backed by a number of high-profile investors including Andreessen Horowitz and Parity Technologies. The project raised $145 million in its initial coin offering (ICO) in October 2017, making it one of the largest ICOs at that time. The native token of Polkadot is DOT, which is used to governance purposes on the network as well as staking. DOT tokens are currently trading at around $35, giving Polkadot a market capitalization of $30 billion.
Predictions for what crypto will explode in 2022 vary widely, with some analysts believing that DOT has the potential to reach $100 or even $200, while others are more cautious about its prospects. However, there seems to be general agreement that Polkadot is a project to watch out for in the coming years.
Binance Coin
Binance coin is a digital currency that was created by the Binance exchange. Binance is a cryptocurrency exchange that allows users to trade cryptocurrencies. Binance coin can be used to trade on the Binance exchange and can also be used to pay fees on the Binance platform. The Binance coin is an ERC20 token and runs on the Ethereum network. The total supply of Binance coin is 200 million and the circulating supply is 140 million.
Stellar
The top cryptocurrencyripple has fallen sharply from its January highs, but other digital assets have been on the rise. Here’s a look at five of the best-performing cryptocurrencies of the first quarter.
1. Stellar (XLM)
The Stellar network is a decentralized protocol that enables digital asset transfers. The nativecurrency XLM can be used to purchase other assets on the network or exchanged for fiat currencies.
2. Ethereum Classic (ETC)
Ethereum Classic is a fork of the Ethereum blockchain that launched in 2016. ETC runs on a proof-of-work algorithm and offerscomputational resources that can be used to build decentralized applications.
3. Bitcoin Cash (BCH)
Bitcoin Cash is a fork of the Bitcoin blockchain that launched in 2017. BCH has larger block sizes than Bitcoin, which enables faster transaction times and lower fees.
4. Litecoin (LTC)
Litecoin is a fork of the Bitcoin blockchain that launched in 2011. LITE offers faster transaction times and lower fees than Bitcoin. It also has a higher total supply of coins than Bitcoin.
From an investing perspective, these are some of the most promising cryptocurrencies for the year ahead.
Chainlink
Chainlink is a decentralized oracle network that connects blockchain smart contracts to real-world data sources. Oracles are trusted parties that provide information to smart contracts. By using Chainlink, developers can create contracts that are triggered by events happening in the real world. For example, a contract could be set up to send a payment when the weather forecast predicts rain.
Chainlink was one of the best-performing cryptocurrencies in 2020, and it is widely considered to be one of the most promising projects in the crypto space. The project has the backing of major organizations like Google, Oracle, and SWIFT. And with its recent partnerships with Polkadot and Avalanche, Chainlink is well positioned to continue its growth in 2021 and beyond.
Filecoin
Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (called “FIL”), and it allows anyone to buy or sell storage space with anyone else.
The Filecoin network achieves dramatic efficiency by replication, erasure coding, and trading excess storage capacity for FIL tokens. These mechanisms enable the network to pack data densely while still maintaining low redundancy, making Filecoin much more efficient than traditional cloud storage providers. As a result, the Filecoin network can offer unbeatable prices while supporting a global community of miners and users.
