2021 was undeniably an exceptional year in the crypto world. A lot of groundbreaking achievements were made, and we saw a rollercoaster of surprises. However, by all indications, 2022 is going to be an even bigger year with much more to see and experience.
2022 is showing so much promise that we cannot wait to watch it unfold before our very eyes. Because of this, it would be wise to get your investments right in the new year. Here is a list of coins that show much potential, and we believe will skyrocket in 2022.
Bitcoin was developed in 2009 by an anonymous Satoshi Nakamoto. Since then, Bitcoin has gone ahead to become a household term. Having a market cap of approximately $882 billion, it recorded an upswing of about 9,200% between 2016 and as of January 14, 2022, one bitcoin is worth roughly $42,000.
A number of the world’s biggest companies and people have invested in Bitcoin, including Tesla (owned by the current world’s richest man, Elon Musk), CEO of Apple (Tim Cook), Founder of Twitter (Jack Dorsey). If this list is anything to go by, Bitcoin is a good buy in 2022.
Closely following Bitcoin, Ethereum is the second-largest cryptocurrency and has held down the position for quite a long time. Between April 2016 and January 2022, it recorded a 33,500% increase in price from $11 to $3,700, with a 456% performance increase in 2021 alone. It boasts of a very successful blockchain with an upgrade on the way, ETH 2.0.
If the launch of ETH 2.0 is a success, it will attract many people and investors and will ultimately cause the price to move up even higher. If you seek to invest in the crypto space in 2022, Ethereum poses a promising option.
This coin was invented to facilitate decentralized finance (DeFi). Some of its major features include its proof-of-stake system that boosts transaction security as well as speed, and also its particularly impressive blockchain that is comparable with that of Ethereum. Since its takeoff in 2020, its price has risen from $0.77 to around $171 as of January 3, 2022.
Binance Coin (BNB)
BNB is the official coin of the globe’s largest cryptocurrency trade platform, Binance. Since 2017, when it was launched, it has moved from merely being utilized for transactions solely on the Binance platform to being employed for trading and swapping other cryptocurrencies like Ethereum. It has also recorded a 520,000% upswing.
Tether is a stablecoin substantiated by fiat currencies like the US Dollar and strives to keep an exchange value of 1:1. Because of consistency in value, it is a top choice for investors worried about the instability of other currencies. It currently has a market cap of about $78 billion.
These cryptocurrencies show a lot of promise and we really can’t wait to watch 2022 unfold. Which of these coins are you likely to invest in?