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Not many experts predicted the events that took place in the last two years. In 2021, Bitcoin faced a massive hike to its all time high of $69,000. The crypto market capitalization now stands at $2.91 trillion. At the same time, the decentralized Finance (DeFi) market, in particular, has received popularity among the investors. But other than that there are many other upcoming altcoins that are predicted to receive prominence in 2022.
Top 7 Upcoming Altcoins For 2022
The crypto market is highly volatile, but despite that various analysts and experts have made predictions on the 7 most prominent upcoming altcoins that are expected to rise in 2022. So if you are wondering which crypto to buy today India and in other parts of the world, then this article is ideal for you.
Along with B bitcoin, altcoins have also found a good market in the crypto space and it is a good decision now to invest in them. So without further delay let us have a look at the names of all those altcoins that can help you to get a good earnings in 2022.
Solana (SOL)
In the view of the experts, it is among the most strongest altcoins in 2021 that can be expected to see a steady growth in 2022. Previously, it was mentioned among the gainers and that is absolutely true. This is indeed the next big cryptocurrency.
It is constructed on a PoH (Proof of History) consensus mechanism which enables networks to become more efficient. While standard blockchain depends on a sequential production of blocks that needs confirmation across the network, PoH enables the validators to compute the network’s state from the ledger itself.
It’s not a new crypto but it has witnessed an astronomical increase in the last few months. In part, this took place due to several significant dApps functioning on the Solana network in the arena of DeFi, non-fungible tokens (NFTs), e-commerce, and gaming.
Solana has a market capitalization of $65 billion with approx volumes of more than $1 billion every 24 hours. It is in the top 10 digital currencies as per the daily volume. It attained an all time high of $260.06 before in November and is presently trading at $214.86. So this is indeed the best cryptocurrency to invest in India 2021 and beyond.
Waves (WAVES)
Waves is a channel that can be availed to construct smart contracts, dApps, and new tokens. It uses a PoS (proof-of-stake) consensus WavesNG and the native token of the network which is WAVES. The token is employed as an incentive and reward for payments, mining, and voting. Since it is an ERC-20 token, WAVES also enables Waves to interoperable with the ERC network.
With a market capitalization of more than $2.3 billion, the WAVES token is highly placed in the top-100 of cryptocurrencies. Significant projects are constructed on the platform that includes a DeFi platform Neutrino, cross-chain network Gravity, and crypto exchange Waves DEX.
The value of the crypto attained an all-time high of $41.33 in May 2021. Presently it’s trading at around $20.89 which may imply the value might grow back to the high levels of this year later in 2022. Hence, we believe it is worth keeping a track of.
Terra (LUNA)
Another prominent crypto is LUNA, which is the native digital currency of the Terra protocol. This base-layer protocol provides stablecoins pegged to the famous fiat rates, for instance, TerraUSD. LUNA operates as a reserved asset and allows to maintain the value of these stablecoins.
In October 2021, Terra went on a Columbus-5 upgrade which allowed Inter-Blockchain Communication (IBC) standard to enable users to easily transfer TerraUSD, LUNA, and other assets coming from Terra, making it compatible with other networks.
Soon after this update, the value of the LUNA token attained a record high of $49.43. The next month, a present all-time high followed at $54.77. As of now, the token is trading at $40.90 and we expect it to attain positive growth throughout the next year.
yearn.finance (YFI)
Yearn Finance is a band of protocols on the ERC network. The yearn.finance platform provides services like identifying the highest lending rates, showing interest rates APY, collecting the investment strategies in DeFi, and trade bundling that preserves labor and costs. This is the next cryptocurrency to explode 2021.
The native token of this platform is yearn.finance (YFI) which is also known as yEarn. It is used as yUSDT, yUSDC, and yDAI for implementing user transactions. With the help of these YFI tokens, users can also earn trading and lending fees.
YFI has attained an all time high of $93,435 in May and is presently trading at $31,466.13. If there are no unpredicted bumps in the digital currency markets, we believe YFI is going to be able to assert its strong position among the community of investors during the upcoming year.
Feed Every Gorilla (FEG)
FEG token is a part of the DeFi space that has attained new heights of interest from investors in this year. This token is hyper-deflationary with a 2 per cent transaction tax that is segregated among token holders and a remote burn wallet. This decreases the supply of currency that is in circulation making it scarcer and more valuable.
This currency was just launched in 2021. So this is a new cryptocurrency 2021 and it is still a cheap currency with the present price of $0.000000005126. This is not under the new cryptocurrency release 2021 Binance. This currency is only listed on DEX exchanges with the centralized exchange listings in the nearest plan, which might allow the price and community to grow.
Decentraland (MANA)
Decentraland is a 3D digital reality platform constructed on the Ethereum network. It allows the creation of applications, games, and dynamic 3D scenes as well as making it possible for creators to monetize their content and applications.
The platform utilizes MANA and LAND tokens. MANA is an ERC-20 token that is used to acquire non-fungible ERC-721 LAND tokens. LAND tokens are basically free NFT slots that can be used to build a part of various districts in the Metaverse. In addition to LAND acquisition, MANA tokens can also be used to purchase avatars, wearables, and other digital products on the Decentraland exchange.
MANA token has reached an all-time high of $4.69 in October. Right now it’s trading at around $3 and seems positioned for a further rally as the Decentraland Metaverse gets higher. So this is considered one of the top 7 upcoming altcoins of the coming year.
SuperFarm (SUPER)
SuperFarm is a Decentralized Finance protocol that sustains the launching of the latest NFTs on the SuperFarm platform with no skills in programming needed. SuperFarm is an NFT marketplace that enables users to design their own NFTs, create ERC-20 tokens, farm coins for NFTs, and bind NFTs to video game items.
The utility token of SuperFarm is SUPER. It is used for fees, governance, staking, and NFT giveaways. This is a new cryptocurrency release 2021 in India and other parts of the globe, the token already has a market capitalization of more than $700 million.
In May, SUPER token attained an all-time high of $4.73 and is presently trading at $2.06. The future growth will rely on varied factors: new technological solutions, announcements of the SuperFarm projects, and the crypto space in general.
Verdict
As can be understood from the entries that we have selected, the NFT and DeFi markets are in the limelight this year. Cryptocurrency is gaining popularity in all parts of the globe and despite its drawbacks, people are adopting this technology widely. As a result of that, there are chances of many cryptos to gain prominence in the upcoming years. So we have listed the top 7 upcoming altcoins that are expected to surge in 2022.
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