More and more people are getting into the crypto world. Huge tech companies such as Google, Apple, Samsung, and PayPal are accepting cryptocurrencies as payment. The cryptocurrency market has thousands of digital coins such as Bitcoin and Ethereum.
If you want to invest in cryptocurrency this year, you need to choose a strategy and develop technical analysis skills. You should also learn methods to read charts, understand the trends, and join a reliable platform such as Coinbase. Register with Coinbase now and get exciting reward. But, you might wonder what would be the starting point? Well, here are some cryptocurrencies showing excellent potentials.
Polkadot (DOT)
Polkadot is a unique but popular cryptocurrency that connects many blockchains. Since it has the capability of working together with other coins, it has more potential to increase this year. Since its launch in 2020, DOT is showing impressive growth. The trend suggests that it will continue the growth in 2022 as well. The major difference that makes this coin different than others is high speed and low transactions fees.
Avalanche (AVAX)
The team behind Avalanche is making huge efforts to rank the value of the coin among top cryptocurrencies. Recently, AVAX showed a huge uptrend with a rise of more than 200%. Furthermore, the market cap of AXAX has now reached over $28 billion, which is quite high.
The creator is developing networks of DeFi and DApps. What’s more, exciting integrations with Ethereum-based projects make Avalanche an excellent option.
Decentraland (MANA)
Decentraland or MANA is the talk of the town in the blockchain world. Decentraland is a 3D virtual world, where players can purchase and sell items and land. They use MANA coins for transactions in the virtual world. Since Metaverse is more than a trend, it attracts people from all around the world, and renowned public figures such as Mark Zuckerberg are investing in the virtual world. The current trading volume of MANA is over $1.7 billion and the market cap is about $8.2 billion.
Cardano (ADA)
Cardano is another trending cryptocurrency with high potentials in 2022 and beyond. The coin has become the most notable altcoin to embrace proof-of-stack validation. Proof-of-stack validation is a transaction method that reduces time and energy usage per transaction. Furthermore, the platform offers easy problem-solving aspects for decreased environmental impact. Cardano enables smart contracts and decentralized applications and has similar features as Ethereum, which makes it a prominent altcoin.
Conclusion
The value of the cryptocurrencies mentioned above is expected to increase this year. However, keep in mind that the list only offers you a general idea. While you can identify the top altcoins in the market, never make investment decisions solely based on blogs and YouTube videos. Once you create a list of popular crypto coins, you need to conduct a personal market analysis and background check to make a well informed decision.
Social Media