The thoughts articulated here highlight some developing areas of the crypto world that have not yet been discovered by the masses. Will they really prosper into market leading cryptos, further eroding Bitcoin’s market dominance? Here are some clues about Cryptocurrency to Invest in 2022.
Even though bitcoin was prominent in the year 2020, 2021 saw Alt coin come to the fore front.
Bitcoin did well, but its smaller share of the market; altcoins – other cryptocurrencies that aren’t Bitcoin performed significantly better.
Talking about cryptocurrency to invest in 2022, to invest in 2022, one such crypto is Ethereum, the world’s second-largest cryptocurrency by market cap.
The coin started 2021 under $740 and ended above $3,710 – almost doing 5x in just a year! And that year-end figure represents a pullback from its November all-time highs around $4,891, when the cryptocurrency’s market cap eclipsed half a trillion dollars.
Crypto’s third biggest market Binance coin started below $40 and in no time it went up to 1,280%. Now it is valued at $530 which is great for a market capitalization of $90.
Solana, also an upcoming coin, closed the year with a whooping 9,600%. Both of these coins now account for about 6% of the entire cryptocurrency market.
Investors in the cryptocurrency market expect big things for Alt Coins in 2022.
The Ideal Altcoins to Buy for a Prosperous 2022
NFTs
NFT’s also known as non-fungible tokens are assets that exists as part of the Ethereum blockchain. Other blockchains have started to support their version of this asset.
NFT’s represent anything that exists in the digital world. From music to meme to sport cards.
A lot of the buzz surrounding NFT’s comes from their use as digital art.
NFTs have grown in a huge way. Statistics from NFT markets show that it might swell even higher to $20 million.
DAOs, Social Tokens (MakerDAO, AAVE, Curve DAO)
2022 is the year of, social tokens, innovation in NFTs and DAO’s.
A DAO (Decentralized Autonomous Organization) is an online community that jointly controls a cryptocurrency wallet, typically with a token based in the Ethereum ecosystem. It works toward a common mission like running a business or making investments.
Decentralized Autonomous Organization AKA DAO is an online community that controls cryptocurrency wallets jointly. It works towards common missions like investments and business management.
To become a member of the community, all you need to do is buy a DAO token. Just like other cryptos, they have prices that are measured by capitalizations in the market.
DAOs allow participants in an organization to have skin in the game and really participate in decision-making so 2022 will continue to see DAO-based projects thrive because they disrupt the way organizations operate.
Cryptocurrency to Invest in 2022
If current trends remain intact, big names like Bitcoin and Ethereum could indeed dither while smaller players steal away market share.
There has been an flow of altcoins into the crypto market that offers more than the regular blue chips does.
The faults and shortcomings of the major coins in the market have been the inspiration for many smaller coins that are coming up. They do more about driving awareness in this cryptocurrency space.
But for these smaller alt coins to succeed in this sphere, Ethereum or Bitcoin doesn’t have to fail.
If you’re seeking longer term investments then Blue chip coins like Ethereum and Bitcoin would be your best bet. Given that they have a huge built in newtwork of applications.
In terms of name catchet and market capitalization bitcoin is the biggest value store in the cryptocurrency world.
Payment processors like PayPal allow their users to transact in the digital currency, while Fortune 500 companies accept it as a valid form of payment.
Bitcoin’s trailblazing has opened the doors for many coins to follow.
These smaller coins have roles to play; together, this asset class is poised to continue shining well into 2022 and beyond.
Founder Dinis Guarda
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