Cryptocurrency has been a popular choice for investors as a medium of exchange and wealth storage. However, with time, more cryptocurrencies have been introduced to the masses. The only way to have a successful cryptocurrency is due to its ability to scale itself through large volume business transactions, making it easy for users and businesses alike. This article will discuss the top six cryptocurrencies that will rise in 2022.
Let’s take a look at them.
1. Bitcoin (BTC)
Bitcoin has been the top dog for a long period, but as more and more cryptocurrencies have been created, Bitcoin’s dominance is expected to decline from its current 61% market share. “In 2022 BTC will already be improving on-chain scaling technologies,” said Orme. “And in 5 years they might even be second layer scaling solutions.”
Another reason for his prediction is the fact that “the user experience right now is really bad,” he added. “The fees are high, and it takes a long time to confirm transactions.” Bitcoin Trader is the best crypto trading app you must choose as a beginner.
2. Ethereum (ETH)
Ethereum has a bright future. The devs behind Ethereum are already working on new projects such as Casper, Plasma, and Sharding to ensure its blockchain runs efficiently even if several million people use it. Despite all that, ETH isn’t doing well right now, and it’s still losing value against BTC even after the Constantinople hard fork.
However, we can expect an upward movement in 2020 when projects developed using the ERC-20 token platform will start releasing their mainnets.
3. Tether (USDT)
This stablecoin is based on the Bitcoin blockchain through the Omni Layer Protocol. Tether allows users to store, send and receive digital tokens pegged to dollars. The main objective of the tether is to bring liquidity to fiat currencies in the digital market by acting as a proxy for real-world currencies.
4. Binance Coin (BNB)
BNB is one of the top cryptocurrencies in the market cap, currently sitting in 7th place with $1.07bn USD. Binance Coin (BNB) is an Ethereum-based token that allows users to receive a discount for any fees on the Binance platform, including exchange fees, transaction fees, and listing fees.”
5. Cardano (ADA)
Cardano is a smart contract platform that runs the Ada cryptocurrency. ADA was one of the best performing cryptocurrencies in 2017 – its market capitalization grew from $1 billion to more than $30 billion throughout the year. It has maintained its position as the fifth most valuable digital currency based on available supply. Currently, each ADA token can be purchased for about $0.14 and has over 25 billion tokens currently in circulation.
6. Solana (SOL)
One of the most popular and promising cryptocurrencies, SOL, has gained a lot of fame in recent years. Now that more and more people are investing in it, this is also expected to rise. A reported value by 2020 of $0.726 is expected for this currency which means you can expect at least 2-3 times its current price.
The Bottom Line
Cryptos like Ethereum, Ripple, and Litecoin are here to stay. While there is no guarantee that they will rise in value (by 2022), these cryptocurrencies proved they could become more than just a fad or passing trend during the previous year.
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