by Sayantani Sanyal
January 30, 2022
These trending cryptocurrencies have created a lot of stir since their price rallies in 2021
Bitcoin and other cryptocurrencies ran wild in 2020 and 2021. Several investors are now using cryptocurrencies for their intended purpose of processing payments and conducting transactions. Every day, millions of cryptocurrencies are transferred for making daily payments. Today, the world of cryptocurrency is not limited to the Fintech industry. Interestingly, some of the top-notch and the most influential people in the tech industry are also vastly expanding their tech domains by investing in cryptocurrencies. Apart from the banks going completely digital, newer platforms like Coinbase are coming up with transaction facilities and completely revolutionizing the modes of payments. So, now it is safe to say that cryptocurrencies are everywhere, and this trend will continue to grow in the future. In this article, we have listed the top trending cryptocurrencies that investors can buy and hold in 2022.
Bitcoin is currently the most trending cryptocurrency after its bullish price rally in 2021. It is known to be the largest cryptocurrency in the market. Theoretically, BTC is a peer-to-peer online currency, which means that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them.
Well, at this point major cryptocurrencies like this one barely need any introduction. Ethereum is only second to BTC and is largely known for its smart contract facilities. These contracts are programmable, which means they can enable a massive network of use cases, including tokens, stablecoins, DeFi, or non-fungible tokens.
Recently, Solana is facing a dip, but the crypto is third on this list due to its extremely successful feat in 2021. SOL has proven itself to be one of the fastest-growing cryptos in the market. Besides, there can be no disagreements that SOL is the biggest competitor for Ethereum. According to reports, the SOL coin grew 13, 662% in 2021.
Experts and crypto analysts believe that meme coins might not be a viable option for a long-term investment. But memecoins have shown their potential in 2021, so it might make sense to invest in top memecoins like Shiba Inu. In 2021, SHIB gained an explosive hike in market value with 481,000%. Well, this can be considered a start for a controversial coin like SHIB.
The emergence of the metaverse took the internet by storm in 2021, and this trend is likely to gain traction in 2022. This is because investors and developers are starting to realize its potential. Axie Infinity has emerged as one such cryptocurrency that saw a significant rise in popularity and market cap in 2021. The crypto grew almost 16,000%, making it one of the best performers of the year.
Polygon’s prospects this year can be considered quite good. And experts believe the credit goes to Ethereum. The crypto is all set to entirely transition to the ETH 2.0 version, relying heavily on layer-2 solutions like Polygon. This might also indicate that Polygon has the edge to experience a surge in value, and is a good option to buy and hold.
Avalanche is another programmable network that is distinct due to its one-layer three-chain architecture. Separating exchange, contracts, and subnets to dedicated chains makes AVAX fast and scalable. In 2021, the crypto grew almost 2000%, and experts believe that this streak will continue in 2022 as well.
Terra (LUNA) is a rising star in the crypto market. It is a blockchain protocol that uses fita-pegged stablecoins to power price-stable global payments systems. LUNA combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin and offers fast and affordable settlements.
Dogecoin is one of the most popular cryptocurrencies in the market. Even though it started as an internet meme, DOGE has proved its worth in the crypto market. This open-source digital currency was envisaged to be a fun, light-hearted cryptocurrency that would have greater appeal beyond the core cryptocurrencies like Bitcoin.
Cardano is a proof-of-stake blockchain platform that says its goal is to allow innovators and visionaries to bring a positive global change in the world. The crypto also aims to redistribute power among the less privileged individuals of the society. The ADA toke is designed in such a way to ensure that the owners can participate in the operation of the network as well.
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