Top 5 Cryptocurrencies to Watch in 2022
2021 turned out to be extremely successful for cryptocurrencies. In the past year, Bitcoin grew by 115%, Ethereum by 566%, and BNB by 1581%, and these are just the market leaders. Now the market is in a downturn, which is a great opportunity to buy cryptocurrencies cheaper. All cryptocurrencies are available on the website through the alligat0r exchange aggregator.
Ethereum (ETH)
The price of ethereum has risen 6.5 times in 2021, while bitcoin has risen only twice. Despite this outpacing growth, Ethereum is still one of the most promising cryptocurrencies.
Ethereum is the largest blockchain. Huge projects are being created based on it. The entire ICO boom in 2017-2018 was due to the ability to create smart contracts and tokens on the Ethereum blockchain. Numerous DeFi projects now use it, and many NFTs are based on it.
Ripple (XRP)
Ripple was originally created as an infrastructure product for large financial corporations and governments. It was made as a bridge between the traditional and conservative banking system and the digital world. Because this merger is not happening as fast as the introduction of hype technologies, the coin is showing moderate growth.
However, its prospects are impressive, going up to $3 per coin at the current price of around $1. Especially since the cryptocurrency’s historical price high was set in January 2018 at $3.7.
The Ripple team states on its website that it works with financial institutions in 55 countries. Participants include Bank of America, the British instant transferGo service, Japan’s largest transfer service, SBI Remit, and others.
Binance Coin (BNB)
It was the first such token to make it into the top 5 cryptocurrencies by capitalization. BNB is now at number three in the ranking of cryptocurrencies on Coinmarketcap.com, and its capitalization is approaching $100 billion. During the year, the price of 1 BNB has increased from $32 to $530, that is, more than 16 times.
PancakeSwap (CAKE)
CAKE is a cryptocurrency issued by the decentralized exchange PancakeSwap, which is based on the blockchain Binance Smart Chain (BSC). During the year, the value of CAKE rose from $5 to $12 per coin. You can learn more about cryptocurrency exchange by following this link: https://alligat0r.com/coin-pairs/xmr/bch/info.
Decentraland (MANA)
The Decentraland project is one of the most promising in the development of virtual reality. In it, users buy plots of land on which they can later move, build objects, and monetize them. In fact, this project develops the theme of metaworlds, which Facebook creator Mark Zuckerberg brought to a new level not so long ago.
The Decentraland project functions as a decentralized autonomous organization (DAO) to make management decisions. MANA token holders control the development of the Decentraland world by proposing and voting on policy updates, features of upcoming LAND auctions, and the types of content allowed in the virtual world. As the concepts of the metaworlds evolve, we can expect to see significant growth in the project and thus in the value of the MANA coin.
