Sunday, July 21, 2024

Which cryptocurrencies should you look out for in 2022?

While Bitcoin and Ether have taken the crypto market by storm, some investors are gearing up for the next best thing that 2022 will have to offer. Scouting for new potential, investors are carefully looking to find some less established digital currencies that would possibly give higher returns.

Let’s have a look at what 2022 holds.

Shiba Inu (SHIB)

Earlier this year, a meme-coin called Dogecoin burst into the scene to much fanfare. Riding on the success of the same was Shiba Inu, a meme-coin that commemorates the beloved breed of dog. In October, this coin reached its all-time high market valuation of $40 billion. Unfortunately, this meme-coin took a big hit in the last couple of weeks, with its value almost halving – at $20 billion. Experts believe that this drop will motivate the SHIBArmy to buy the dip and put the coin back in action in 2022.

Solana (SOL)

Solana has been able to make a name for itself in 2021. Starting off at just $2 per token, the value of SOL has now risen to an incredible all-time high of $260. Being the world’s 5th largest crypto as of today, Solana has been especially appreciated for its strong transaction processing speed, which many now agree surpasses the likes of Ethereum. The year 2022 will most likely bring in a lot more for this coin.

Cardano (ADA)

Earlier this year, the little-known Cardano was trading at just $0.20, and reached an astonishing peak of $3 in September. Its popularity soared once again around Labor Day, but now rests easy at $1.66. Cardano was founded by Charles Hoskinson, who also happened to be the co-founder of Ethereum. Although the current trends indicate that the cryptocurrency is in the Bear stage, investors who are keen on buying the dip will most likely see profits in 2022

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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