Which cryptos will boom in 2022? Which Cryptos should we invest in 2022? How will cryptocurrency perform in 2022?
Cryptocurrencies are a new craze, more so because of the returns reaped by people from them. They have literally taken the whole world by a storm and the buzz around them is too adamant to settle down.
However, except few cryptos, all others are enjoying an undue hype. There are few cryptocurrencies that have an objective of entering the real life applications and fame surrounding them is genuine. But, at the same time, there are others, that are without any regulatory oversight, have no greater cause to serve, and are therefore merely speculative and volatile in nature.
Crypto investors in 2021 had a very roller-coaster year. While some managed to reap returns as high as 5000% to 7000%, but others had to go through a very achy condition.
Currently, there are more than 6500 cryptocurrencies, but not all of them are desirable. Being a very volatile business, nothing can be predicted with 100% accuracy about how they will behave in 2022. There is not a single yard stick by which to expect their behaviour, and whether you should invest in a given cryptocurrency or not, purely depends upon your risk appetite.
However, based upon our research, we expect that the following cryptocurrencies will boom in 2022.
Bitcoin is the first cryptocurrency that was developed by a person or a group of persons under a pseudonym Satoshi Nakamoto. It is so famous that it can be considered as a synonym of cryptocurrency.
Even though it is under fire for its environmental impacts, but it is expected to rise in 2022.
The support price of Bitcoin is $40000 and its resistance is at $70000. Its price is currently at $48970 and it is in its consolidation phase. It has already started appreciating and is likely to continue doing so in 2022, ofcourse with slight fluctuations.
The experts say that Bitcoin will touch a mark of $100000 by 2023. If Bitcoin crosses a mark of $70000, it will start a bull run and the prices will sky-rocket. In addition, the fact that 90% of the Bitcoins has already been mined, will further trigger the price.
Ethereum is the most famous alt-coin in the crypto world. Its Blockchain technology is the main supporter of Non Fungible Tokens, decentralised Apps (dApps) and smart contracts.
What is going to trigger its price is especially its decision from “proof of work” to “proof of stake” algorithm, and development of DeFi. Further It is going to enhance its scalibilty, security and sustainibility. All this has attracted attention of the big-investors and therefore the price of Ethereum is expected to rise.
The experts believe that its price will touch $9000 by 2022.
Cardano is currently the world’s seventh-largest cryptocurrency interms of market capitalisation, and it is popularly called as Ethereum Killer.
It started 2021 year with a bang, but is currently around 50% lower than its all time high. However, experts beleive that its is consolidating itself and might soon start going upwards.
What is going to catalyse its growth are the facts that around only 28.01% of the supply has not been locked and that it is partnering with various companies like Eco-Age and Veritree. The crypto is further claiming to environment-friendly in nature.
It is expected that Cardano will close 2022 at $1.8.
Solana is known for effective, fast, and censorship-resistant blockchain for global adoption, thanks to its “proof of stake” and “proof of history” technology. It’s transaction speed is 2500 transactions per second as against 15 of Ethereum. Owing to its fast speed, it will be a preferable choice over Ethereum in NFT domain.
Currently price of Solana is $177 and it is expected to cross $400 mark by the end of year 2022.
This crypto is even faster than Solana, and its transaction speed is around 4500 transactions per second. This speed makes it a potenet competitor against other alt-coins.
In addition, Avalanche is collaborating with “Web 3” dvelopers, “DeFi” and “play to earn” gaming platforms, and is hence gaining more and more acceptance.
All such factors will help Avalanche crypto gain more and more value in 2022.
These were some cryptocurrencies, that we expect will boom in 2022. You must note that nothing in crypto market can be estimated with 100% accuracy. So before you jump into investing in any of them, we want you to go through this “Guide To Invest In Cryptocurrencies”.
Disclaimer: This is not any investment advice. It is just an estimation of how cryptos will perform according to us.