If you have seriously considered this question and have done enough research on what virtual currency is and how it works, the answer is yes!
It’s important to keep in mind that cryptocurrencies remain an asset with higher risks for investors. However, with solid investment experience, it is possible to earn or invest for future prospects.
Invest in that electronic currency, which meets your needs, requirements and on the basis of what you plan to get from it. Of course, it must be a cryptocurrency, the prospects of which you do not doubt.
First of all, cryptocurrencies must be simple enough and understandable, and exchange and withdrawal mechanisms should not be resource-intensive, that is, it should not take much time. And this means that the project should not only be promising, but also with the implementation of unique technologies and innovative solutions. A project that gives or will give in the near future good opportunities to earn money.
The most promising tokens in 2022: Uniswap (UNI) (Ethereum platform), Chainlink (LINK) (Ethereum platform), FTX Token (FTT), Aave (AAVE), The Graph (GRT), DAO Maker (DAO), SHIBA INU (SHIB), Thorchain.
Here are the most popular cryptocurrencies to watch out for for investors in 2022.
The year 2021 was quite successful for bitcoin. The coin, which turned 13 years old on January 3, has a total market capitalization of about $900 billion. It accounts for about 40% of the value of the cryptocurrency market. The digital currency has increased by almost 70% since the beginning of 2021. Bitcoin has had stunning ups and downs throughout the year: it was worth about $30,000 at the end of January, $63,000 in mid-April, then rebounded to $30,000 again in July and broke a record of $67,500 in November.
According to Kraken CEO Jesse Powell, people should think of bitcoin as a five-year investment. “It goes up and down day to day, week to week. You don’t want to trade it short,” he said. Goldman Sachs predicts bitcoin’s price will reach just over $100,000 when its market share increases to 50%.
The price of Ethereum rose sharply along with bitcoin last year, hitting a high of $4,000 during the crypto boom in May and then rising to a new record of nearly $5,000 in late October and early November. Ethereum is currently worth $3,156k. Although Ethereum ranks second behind Bitcoin in market capitalization, it accounts for about 20% of the overall market and could surpass bitcoin. Particularly because ethereum should potentially become much more energy efficient than bitcoin, thanks to the switch from proof-of-work to proof-of-stake protocol. In this way, the energy-intensive need to verify transactions on the blockchain through complex computational efforts will be eliminated.
Solana cryptocurrency has solved one of the biggest problems associated with ether – reducing transaction fees. Like ether, Solana was created as a first-class platform for decentralized finance – DeFi, eliminating financial intermediaries such as banks, brokers and centralized exchanges. Launched in 2020, Solana has a small market share, but it’s growing steadily. The value of the coin has risen from $1.51 in early 2021 to more than $160. In addition, Solana provides fast transactions – 50,000 per second. This is possible through the use of a bid confirmation mechanism and consensus history.
Right behind SOL with a market capitalization of $55 billion is Cardano. The cryptocurrency has shown dramatic growth in 2021. The token began trading below $0.20 and by early September, the value had risen to $3, becoming the world’s third-largest cryptocurrency. Founded in 2017 by Ethereum co-creator Charles Hoskinson, Cardano is one of the largest blockchains successfully launching a more energy-efficient proof-of-participation protocol. Cardano aims to create a developer-friendly ecosystem for decentralized applications. Unlike Ethereum, this cryptocurrency is limited to 45 billion coins. Fortunately for investors, 33.5 billion, or about 74% of that supply is already in circulation.
Contrary to its name, Avalanche has been hot this year. The cryptocurrency was trading below $3 at the beginning of 2021; by the end of November, it hit an all-time high of over $146. It is now worth $85 and has a market capitalization of more than $26 billion. As part of the partnership, consulting giant Deloitte will deploy Avalanche to support its work with the U.S. Federal Emergency Management Agency (FEMA). As the agreement with Deloitte boosts Avalanche’s credibility, the token could reach new heights in 2022.