It really has been the year of cryptocurrencies. Despite the losses recorded over the past few months, the total market cap of the cryptocurrency market remains above $2 trillion. The market is getting wider day by day and so is the value of cryptocurrencies.
Bitcoin and Ethereum, the two top cryptocurrencies reached their all-time highs this year at $66,930.39 and $4,366.09 respectively. So which will be the best cryptocurrency for 2022 ? The question is hard to answer, especially when it is about a highly volatile market, but it is not impossible to find the answer.
In this article, we are providing a list of cryptocurrencies to look forward to in 2022. For preparing this article, we have analyzed various crypto Predictions for 2022 made by industry experts and reputed online sources. So, go through the list wisely to make the best investment decisions.
1. Cardano (ADA)
If we believe in all the predictions on cryptocurrency made for 2022, then Cardano (ADA) is a cryptocurrency that tops almost every prediction list focused on growth. Cardano is a blockchain platform with its own cryptocurrency, ADA. There are many things to love about Cardano, but the most amazing thing is the way it’s being built. Cardano has laid out a roadmap of five phases that will help it achieve the ultimate goal: to evolve into a truly self-sustaining decentralized system. The platform launched smart contracts this year and is now focused on the final two stages of development. This whole approach means that we can expect quality from Cardano - and this gives many experts confidence in Cardano's ability to stand out over the long term.
2. Algorand (ALGO)
Algorand is known for its unmatched transaction speed. The project has already been shown that it can process over a thousand transactions per second and complete those transactions in less than five seconds. The project will be soon able to process 3,000 transactions per second. And the next target is over 45,000, which will be more than Visa's limit of 24,000 transactions per second. Everyone has high hope for Algorand since it is providing the most efficient way of making transactions. Experts believe that the ALGO will reach a new height in 2022.
3. Polkadot (DOT)
Communication is the USP of Polkadot. It allows the exchange of data across different blockchains. When we want to invest in a project or company, we should look for experienced managers. Polkadot's leadership and its ability to connect blockchains could help it stay at the fore of the pack as the crypto industry grows. Expectations are high for the Polkadot and that’s why everyone expects it to grow rapidly in the near future.
4. Ethereum (ETH)
Launched in 2015, Ethereum is the world's second-largest crypto by market cap. People believe that a lot is yet to come for Ethereum, and 2022 is probably its biggest year for it. There are many reasons behind this belief. The first one is that the blockchain is set to fully release an important upgrade. Ethereum 2 will solve the biggest problem of the current Ethereum —transaction speed.
5. Aave (AAVE)
Aave is a decentralized lending platform built on Ethereum. Anyone can use Aave to lend and generate income through lending and borrowing, you can also buy and hold Aave as an investment. If you are borrowing or lending, there are around 30 different cryptocurrencies to choose from. If you lend, you can take advantage of an annual percentage yield of over 3% as of today's rates. Ethereum is getting huge upgrades and Defi is gaining popularity, Aave will definitely benefit in the upcoming years.
Rumors abound that Bitcoin could reach $100,000 in 2022, which seems not impossible but even after that, the above five will be the hottest cryptocurrencies in 2022 to invest in right now. For more updates about opportunities, bookmark www.coingabbar.com and keep visiting on the regular basis. Coin Gabbar is India’s first cryptocurrency marketplace and it will help you in staying up-to-date with all the latest happenings in the Crypto-verse. You will get live updates of over 11,500 cryptocurrencies, quality informative blogs, and much more.