Seven altcoins set to explode in 2022

Not many expected the events of the past two years. In 2021, bitcoin experienced a massive rally. Its price reached an all-time high (ATH) of $68,521 in November. The market capitalization of cryptocurrencies is now $2.91 trillion. Meanwhile, the DeFi market in particular is gaining popularity among investors. It has grown by about $100 billion since the beginning of 2021 and has reached $112 billion in market capitalization.

These and other factors suggest that we can expect to see more than just Bitcoin and Ethereum rally next year. There are plenty of digital currencies that have promising opportunities to gain momentum. As the head of PR for a large cryptocurrency processing and exchange platform, I can share my view on what is happening in the crypto industry. In this article, I will review seven promising projects and explain why investors are likely to be interested in them in 2022. Please don’t take my personal opinion as any kind of financial advice.

Solana (SOL)

In my view, Solana is one of the strongest cryptocurrencies in 2021 that is expected to show steady growth in 2022. Previously, I mentioned Solana among the gainers, and I remain confident that it is a promising asset.

It is built on the Proof of History (PoH) consensus mechanism which allows the network to be more efficient. While the standard blockchain relies on the serial production of blocks that require confirmation across the network, PoH allows validators to calculate the state of the network from the ledger itself. So Solana protocol can rely on its own internal clock and maintain throughput of over 50,000 transactions per second.

It is not a completely new currency but it has seen an astronomical rise in the past few months. This is partly caused by several notable dApps running on Solana’s network in the areas of DeFi, e-commerce, non-fungible tokens (NFTs), and gaming.

Solana has a market capitalization of $65 billion with average volumes of over $1 billion per 24 hours. It is among the top 10 coins according to daily volume. It reached an all-time high of $260.06 earlier in November and is now trading at $215.54.

waves (waves)

Waves is a platform that can be used to build new dApps, smart contracts, and tokens. It uses WavesNG consensus, Proof of Stake (PoS), and the native token of the WAVES network. The token is used as a reward and incentive for mining, payments and voting. As an ERC-20 token, WAVES makes Waves interoperable with the Ethereum network.

With a market capitalization of over $2.3 billion, the WAVES token is firmly positioned in the top 100 cryptocurrencies. Notable projects have been built on the platform including the Gravity Cross-Chain Network, the DeFi Neutrino platform, and the Waves DEX crypto exchange.

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 rise again to this year’s highs later in 2022. So, I guess it is. worth watching .

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Another notable cryptocurrency is LUNA, the original coin of the Terra protocol. This base layer protocol uses stablecoins pegged to the rates of popular currencies, for example, TerraUSD. LUNA acts as a custodial asset and helps maintain the price of these stablecoins.

In October, Terra underwent a Columbus-5 upgrade that enabled the Inter-Blockchain Communication (IBC) standard to allow users to easily transfer LUNA, TerraUSD and other assets from Terra, making them interoperable with other networks.

Immediately after this update, the price of the LUNA token reached a record high of $49.43. The following month, the current all-time high of $54.77 followed. At the moment, the token is trading at $43.15 and I expect it to have positive growth over the next year.

fiscal year (YFI)

Yearn Finance is a set of protocols on the Ethereum network. The yearn.finance platform offers services such as showing APY rates, determining the highest lending rates, collecting DeFi investment strategies, and trade packages that save costs and labor.

The platform’s native token is yearn.finance (YFI) also known as yEarn. It is used as yUSDC, yUSDT, and yDAI to carry out user transactions. With the help of YFI tokens, users can also earn lending and trading fees.

YFI reached an all-time high of $93,435 in May and is now trading at $32,312. If there are no unexpected obstacles in the crypto markets, I believe that YFI will be able to confirm its strong position among the investor community over the next year.

Feed Every Gorilla (FEG)

The FEG token is part of the DeFi market that has reached new levels of investor interest in 2021. This token is highly deflationary with a 2% transaction tax distributed among token holders and an inaccessible burning wallet. This reduces the circulating supply of the coin making it more scarce and valuable.

Just launched in 2021, it’s still a cheap coin at $0.0000000006 currently. It is only listed on DEX exchanges with central exchange listings in the nearest plan, which may help price and community growth.

Decentraland (MANA)

A few articles ago, I talked about MANA’s recent strong growth and why it’s worth paying attention to. Decentraland is a 3D virtual reality platform built on the Ethereum network. It allows creation of dynamic 3D applications, games and scenes as well as enabling creators to monetize their own content and applications.

The platform uses MANA and LAND tokens. MANA is an ERC-20 token used for non-fungible ERC-721 LAND tokens. LAND tokens are free NFT slots that can be used to build a portion of different regions in the Metaverse. In addition to acquiring LAND, MANA tokens can also be used to purchase tokens, wearables, and other digital products on the Decentraland exchange.

The MANA token reached an all-time high of $4.69 in October. At the moment it is trading at around $3 and appears to be in a position to go further as the Decentraland Metaverse increases in size.

Super Pharm (Super)

SuperFarm is a DeFi protocol that supports launching new NFTs on the SuperFarm platform without the need for programming skills. SuperFarm is an NFT marketplace that allows users to create their own NFTs, farm coins for NFTs, generate ERC-20 tokens, and associate NFTs with video game items.

SUPER is the SuperFarm utility code. It is used for governance, fees, warehousing, and NFT giveaways. The token was launched at the beginning of 2021 and already has a market cap of over $700 million.

In May, the SUPER coin reached an all-time high of $4.73 and is now trading at $2.06. Future growth will depend on various factors: announcements, new technological solutions for SuperFarm projects, and the crypto environment in general.

Things you need to know before buying altcoins

As can be seen from the entries we picked, the DeFi and NFT markets are in the spotlight this year. There are several noteworthy projects in these areas that are expected to gain momentum in 2022, so it is well worth keeping an eye on. We can also expect many new projects to appear on the scene. The main priority factors for investors at the moment are the real or virtual world application of cryptocurrencies as well as the flexibility and security of blockchain protocols.

Most of the tokens we have discussed can be purchased from popular cryptocurrency exchanges like Binance and Coinbase and on DEXs like Uniswap and Sushiswap. If you want to buy or exchange them without the hassle of registering and verifying your account, ChangeNOW is a great way to buy one of these coins quickly and without big commissions.

It is always essential to do your research before making any investment decision. While these bullish coins have the potential to generate significant returns, cryptocurrency investments can be unpredictable and come with high risks.

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