The crypto coin market was intense during 2021 and made many savvy investors tons of money. Unfortunately, those who got into the top-performing coins late got hammered at the end of the year, when crypto markets plunged, alongside the regular stock markets.
Now in early 2022, the market has already rebounded somewhat, and specific coins are exploding in value with news of expected upgrades being implemented to blockchains, and profound growth, through being listed on the major exchanges like Coinbase, Crypto.com, Gemini, https://www.cryptocoinnerds.com/, and others.
Layer one decentralized blockchains are growing fast, especially those that can handle high transactions, Per, second (TPS). Plus, blockchains that are highly compatible with other chains and Defi apps, currently running on Ethereum, which has the lion's share of Defi running off its chain.
Let’s take a closer look at which cryptocurrencies should be winners in 2022, and why?
What is Cryptocurrency?
Think about cryptocurrency like digital goods and services, which they are. Crypto coins refer to decentralized digital assets and generally refer to decentralized blockchains, decentralized apps, Non-Fungible Tokens, NFT’s, and more. The world of crypto is growing fast, and many mainstream companies are creating and deploying, their own crypto decentralized chains, for their own business use. Large, well-known companies like Visa, Google, Barbie, are already offering some type of service via decentralized apps, or NFT.
These decentralized goods and services are represented by crypto cons anyone can purchase for investments or use on their decentralized platforms as payments and purchasing power.
Solana is a decentralized blockchain that offers some of the highest TPS of any chain today. There are over 800 Decentralized Apps (DAPPS) currently running off the Solana blockchain. Even better than Solana’s speed is the cost per transaction, which is also lowest in class, and far lower than the expensive gas fees paid on the Ethereum blockchain. These factors have attracted new companies to begin their blockchains on top of Solana and so far, everything looks great for future adoption.
If you haven’t heard about the Metaverse yet, then welcome to the future. CEO of Facebook, Mark Zuckerberg has rebranded his company into Meta and has already invested in Metaverse heavily. Mana is the digital currency associated with Decentraland, a digital universe where you can live, work, and play while owning digital goods like clothes, cars, and more. Moreover, you can buy digital property in Decentraland, using MANA, and then rent it, or find some other way to monetize it, through this digital world.
The Avalanche decentralized blockchain was created to be the most accessible chain to Defi apps and even other chains. At the same time, Avalanche is one of the fastest chains out there, competing with the likes of Solana for TPS dominance. Moreover, AVAX has seen steep gains in 2021, with a slight cooling-off period, at the end of the year. Now, at the start of 2022, AXAX is poised for huge returns as the Defi universe begins to party exist and grow in numbers, on Avalanche’s blockchain. Although Avalanche doesn’t have the market exposure of larger more established chains like Ethereum, they are growing exponentially, and someday could be larger, with more market cap.
Shiba Inu (SHIB)
One of the superstar crypto coins of 2021 as Shiba Inu, a meme coin that skyrocketed after perfectly executed social media posts that went viral. Plus, star power from the likes of Elon Musk and others promoting the coin online. Still, investors who bout SHIB early made gigantic returns. In 2022, Shiba Inu could be listed on Robinhood, which could fuel another parabolic run for this popular meme coin this year. Invest with caution, since there isn’t any real value in Shiba Inu or other coins like it. The value from Musk and social media might now last, and people who invest late could be left holding the bag.
Many people have turned to cryptocurrency as an alternative to debasing currencies like the US dollar. Others find new opportunities in decentralized apps, the Metaverse, Decentraland, and a vast amount of other crypto projects being deployed every day.
Soon, the entire world could become more comfortable with decentralized technologies that don’t allow a centralized entity, or powers, to have control over the monetary system that we all rely on. Instead, Bitcoin, Ethereum, Solana, and all other crypto coins, are regulated by decentralized means, through the community of owners, validators, and minors, who make up this ecosystem.
Always consult with a financial advisor before investing in crypto coins, or any other stocks, bonds, or businesses. Only then, can you really know the best route to take for your personal financial requirements…