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Coins That Will Boost in 2022

Everyone knows about Bitcoin and Ethereum and are proud holder, others believe in Dogecoin which is constantly promoted by Elon Musk. But you should definitely know that there are many different crypto projects worth attention to in 2022.

So let’s find out which ones can be much more profitable this year.

Bitcoin (BTC)

2021 was a very bad year for Bitcoin. The total market capitalization of the coin, which turned 13 years old on June 3, is more than 900 billion dollars. It accounts for more than 40% of the value of the cryptocurrency market.

Digital currency grew by more than 70% from the beginning of 2021.

Throughout the year, the bitcoin demonstrated a dramatic rise and fall: at the end of June it was worth close to $30,000, in mid-Q4 – $63,000, then again jumped to $30,000 in Lipnus, and in the fall it broke a record of $67.5 thousand.

In the opinion of Kraken CEO Jesse Powell, people should think of Bitcoin as a nine-year investment.

“It goes up and down day after day, day after day. You don’t want to trade it short,” he said. Goldman Sachs predicts that the price of Bitcoin will rise to more than $100,000 when its share of the market increases to 50%.

Ethereum (ETH)

The price of Ethereum increased sharply together with Bitcoin last year, reaching a maximum of $4,000 during the crypto-boom in February, and then rose to a new record of nearly $5,000 at the end of January and at the beginning of the fall.

Today, Ethereum costs $3,156,000. Despite taking second place behind Bitcoin in terms of market capitalization, Ethereum accounts for close to 20% of the total market and can outperform Bitcoin.

In particular, the air can potentially become much more energy-efficient than bitcoin due to the transition from proof-of-work to proof-of-stake protocols. This will eliminate the energy-intensive need to verify blockchain transactions using complex processing forces.

Solana (SOL)

Solana cryptocurrency solved one of the biggest problems related to the ephemera – the reduction of transaction fees.

Like Air, Solana was created as a first-class platform for decentralized finance – DeFi, which excludes financial intermediaries such as banks, brokers, and centralized stock exchanges.

Launched in 2020, Solana has a small market share but is growing steadily. The value of the coin increased from $1.51 at the beginning of 2021 to over $160. Moreover, Solana provides fast transactions at 50 thousand transactions per second.

This is possible due to the use of a rate confirmation mechanism and consensus history.

Cardano (ADA)

Cardano follows SOL with a market capitalization of $55 billion. The cryptocurrency has demonstrated rapid growth in 2021.

The token started trading at a level lower than $0.20, and by the beginning of December, the value grew to $3, becoming the third-largest cryptocurrency in the world.

Founded in 2017 by Ethereum founder Charles Hoskinson, Cardano is one of the largest blockchains to successfully launch a more energy-efficient proof-of-participation protocol. Cardano wants to create a developer-friendly ecosystem for decentralized add-ons.

Unlike Ethereum, the number of coins of this cryptocurrency is limited to 45 billion. Fortunately for investors, 33.5 billion, or close to 74% of this proposition, is already in circulation.

Avalanche (AVAX)

In keeping with its name, this year’s Avalanche was hot. At the beginning of 2021, the cryptocurrency was trading below $3. By the end of the year, it reached a historic high of $146. Now it costs $85 and the market capitalization exceeds $26 billion.

As part of the partnership, consulting giant Deloitte has hired Avalanche to support its work with the U.S. Federal Emergency Management Agency (FEMA).

Since the agreement with Deloitte increases confidence in Avalanche, the token could reach new heights in 2022.

Why They Will Be On Hype?

Cryptocurrency is interesting because it does not belong to a specific person or regulator, and there is no single center of control and supervision. All that is happening within the system is the actions of the users themselves and the indirect owners of the digital money.

Many people constantly check various cryptocurrency ratings every now and then.

Cryptocurrency acts as an alternative to classic currencies in the case of certain financial imbalances in the world.

American colleges and universities offer their students to take courses on crypto technology, and Bitcoin entered the top technological trends of the last years. With the help of Bitcoin, you can buy goods on the Internet, as well as pay for various services.

The number of exchanges, where you can convert electronic coins into “conventional” money, as well as retail outlets that accept “cryptocurrency”, is growing steadily.

Cryptocurrency exchange and the Bit-x platform released its debit Bitcoin card. The card can be used as a standard debit card: withdraw money from ATMs, make online purchases and pay at retail outlets via POS terminals.