As we approach the year 2022, traders are wondering what cryptocurrency to invest in. A spike in Bitcoin’s price in 2021 caused many people to become millionaires, when it was only $0.08 in 2010. With that spike in Bitcoin’s value, traders are now turning to Auto-Trading Robots for more efficient trading.
Now, there are new cryptocurrencies making a mark in the crypto world, one of them being Solana that spiked by 12,600% this year. Having said that, the crypto storm is here to stay, and we are sharing which cryptocurrencies you should invest in this year!
Cardano
The crypto users would know it as ADA and it’s one of the popular and high-performing blockchain platforms. Cardano has managed to develop a roadmap of five unique stages that will help them become a self-sufficient decentralized system.
In addition, it has also created smart contracts, and now, they are focusing on the last two development stages. To illustrate, they are now depending on peer reviews before they launch a new update. It means that Cardano won’t compromise on quality, and it has the capacity of standing out in the near future.
Algorand
Known as ALGO in the crypto world, it’s a champion when you are concerned about transaction speed. This blockchain platform has already shown how it can handle more than one thousand transactions in a second and complete them within five seconds.
Having said that, the platform is meant to complete over three thousand transactions in a second and they are already working on a goal to accept 45,000 transactions in the same timeframe. The protocol structure is the ultimate competitive edge of efficiency and smart contracts are only to occur on the base layer.
On the other hand, decentralized app development and complex smart contracts will take place on the second layer, which is attracting more and more investors.
Polkadot
Commonly termed DOT among crypto users, it allows the data exchange between different blockchains. When it comes down to cryptocurrency, one of the biggest issues is their own operations without having the capacity to share data or transmit coins from each other.
On the other hand, Polkadot has the main network, parachains, and relay chain that run in cohesion. Given these bridges, the parachains can be connected to other blockchains, including ETH. In fact, Polkadot was created by one of the co-founders of Ethereum. So, it’s obvious that Polkadot has experienced management and that’s one thing you must rely on when investing in cryptocurrency.
Ethereum
If you are in the crypto world, we don’t think Ethereum needs an introduction because it’s the second-largest digital currency in terms of market value. This cryptocurrency has been around since 2015 but it has so much more to see.
For this reason, Ethereum will experience positive growth in the year 2022 because they are ready to launch an upgrade. It will actually solve the biggest issue facing the blockchain platform, AKA transaction speed. No matter which exchange you use, the transactions are quite slow. Currently, it allows thirty transactions in a second, but with the advent of this upgrade, the transactions will spike up to 100,000.
This is because Ethereum is shifting to a proof-of-stake validation method that will cut down the time needed for validation and is incorporating shard chains for relieving congestion on the network.
Aave
This is a decentralized lending platform that’s built on Ethereum. It can be used for lending and generating income through lending. In addition, you can borrow Aave or simply hold it for a long time if you want to invest. So, if you want to borrow or lend, there are over thirty cryptocurrencies and earn 3% profits by lending.
For this reason, Aave is a reliable platform for users to gain passive income. On the other hand, the borrowers have access to an extensive range of interest rates available. For instance, there are flash loans available that help take out the loan and settle them in the same transaction.
Not to forget, some users also utilize the loans to shift from one blockchain technology to another and yield trading profits. Last but not least, it will also benefit from the high-speed transaction and reduced saturation on the primary network.
To summarize, all the cryptocurrencies mentioned in this article have shown less than 1,000% profits this year, but in 2022, the crypto stars will increase. So, which cryptocurrency will you invest in?
