The next big cryptocurrency: Seven altcoins set to explode in 2022

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Few people predicted the events of the past two years. In 2021, bitcoin experienced a massive boom. Its price hit an all-time high (ATH) of $68,521 in November. The capitalization of the cryptocurrency market now stands at $2.91 trillion. At the same time, the DeFi market in particular has grown in popularity among investors. It has grown by almost $100 billion since the start of 2021 and has reached a market capitalization of $112 billion.

These and other factors indicate that we can expect Bitcoin and Ethereum to not be the only bulls in the next year. There are plenty of altcoins that have promising chances of gaining momentum. As the PR manager of a major cryptocurrency processing and exchange platform, I can share my perspective on what is happening in the cryptocurrency industry. In this article, I’ll review seven promising projects and explain why investors might be more likely to take an interest in them in 2022. Please do not consider 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. This may interest you: Buy Bitcoin: BTC takes a break and could hold at $50,000-$52,000. Previously, I mentioned Solana among the winners, and I remain convinced that it is a promising asset.

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

It’s not exactly a new crypto, but it has seen an astronomical rise over the past few months. This has happened in part thanks to several leading dApps operating on the Solana network in the areas of DeFi, e-commerce, non-fungible tokens (NFTs), and games.

Solana has a market capitalization of $65 billion with average volumes of over $1 billion per 24 hours. It is in the top 10 currencies by daily volume. It hit an all-time high of $260.06 earlier in November and is currently trading at $215.54.

Waves (WAVES)

Waves is a platform that can be used to build dApps, smart contracts and new tokens. It uses WavesNG proof-of-stake (PoS) consensus and the native token of the WAVES network. On the same subject : Buy Cardano: Cardano founder talks about what lies ahead in the 2025 roadmap. The token is used as a reward and incentive for mining, payouts, and votes. As it is an ERC-20 token, WAVES also makes Waves interoperable with the Ethereum network.

With a market capitalization of over $2.3 billion, the WAVES token is strongly placed in the top-100 cryptocurrencies. Prominent projects are built on the platform, including the cross-chain network Gravity, the DeFi platform Neutrino and the stock Exchange of Waves DEX cryptocurrencies.

The price of the token reached 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 high levels later in 2022. Therefore, I think it’s worth keeping an eye on.

Earth (MOON)

Another notable crypto is LUNE, the native currency of the Terra protocol. This base layer protocol uses stablecoins pegged to popular fiat rates, for example, TerraUSD. On the same subject : Gold Price: XAU/USD is approaching the $1,750 level!. LUNA acts as a reserved asset and helps maintain the price of these stablecoins

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

Immediately after this update, the price of the LUNA token hit an all-time high of $49.43. The following month, an all-time high was reached at $54.77. Currently, the token is trading at $43.15 and I expect it to see positive growth over the next year. (YFI)

Yearn Finance is a group of protocols on the Ethereum network. The platform offers services such as displaying APY interest rates, identifying top rates for loans, collecting investment strategies in DeFi, and aggregating transactions that allows for save cost and labor

The native token of the platform is (YFI) also known as yEarn. It is used like yUSDC, yUSDT and yDAI to execute user transactions. With the help of YFI tokens, users can also earn lending and trading commissions.

YFI hit an all-time high of $93,435 in May and is currently trading at $32,312. If there are no unexpected bumps in the cryptocurrency markets, I believe that YFI will be able to assert its strong position among the investment community over the next year.

Feed Every Gorilla (FEG)

The FEG token is part of the DeFi market that has reached new levels of interest from investors in 2021. This token is hyper-deflationary with a 2% transaction tax that is distributed among token holders and an inaccessible burnt wallet. This reduces the circulating supply of the currency, making it rarer and more valuable.

Just launched in 2021, it is still a cheap coin with the current price of $0.000000006. It is only listed on DEX exchanges with centralized listings in the closest plan, which could help the price and the community grow.

Decentraland (MANA)

A few posts ago, I talked about MANA’s recent solid 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 applications, games and scenes, and offers creators the ability to monetize their content and applications.

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

The MANA token hit an all-time high of $4.69 in October. Currently, it is trading around $3 and seems positioned for further upside as Decentraland’s Metaverse gains momentum.

Super Farm (SUPER)

SuperFarm is a DeFi protocol that supports launching new NFTs on the SuperFarm platform without requiring programming skills. SuperFarm is an NFT marketplace that allows users to create their own NFTs, harvest crypto for NFTs, create ERC-20 tokens, and link NFTs to video game items.

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

In May, the SUPER token hit an all-time high of $4.73 and is trading today at $2.06. Future growth will depend on different factors: announcements, new technology solutions from SuperFarm projects, and the crypto environment in general.

What you need to know before buying altcoins

As can be seen from the entries we have selected, DeFi and NFT markets are in the spotlight this year. Several worthwhile projects in these areas are expected to gain momentum in 2022, so it’s worth keeping an eye on them. We can also expect several new projects to appear on the scene. 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 cryptocurrency exchanges like Binance and Coinbase and on DEXs 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 cryptos quickly and without big commissions

It is always crucial to do your own research before making an investment decision. Although these up-and-coming cryptos have the potential to fetch big returns, cryptocurrency investments can be unpredictable and involve high risks.

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