Top 5 cryptocurrencies that are expected to have a high market capitalization in 2022.
The market for digital currency (also known as cryptocurrency) is now growing at a rapid pace. Defi is altogether a different arena that has also witnessed huge growth and demand over the years when talking about Defi. In early September 2021, Defi pulse reported about US$97.779 billion for its Defi protocols, but at the time of writing Defi, protocols are locked in at US$88.4 billion. This article lists the top 5 cryptocurrencies that are expected to have a top market capitalization in 2022.
Bitcoin
Created in 2009 by someone under Satoshi Nakamoto, Bitcoin (BTC) has become a household name worldwide. As with most cryptocurrencies, BTC runs on a blockchain or a ledger logging transaction distributed across a network of thousands of computers. Bitcoin promises lower transaction fees than traditional payment methods and is operated by a decentralized system as a government or any commodity does not back it. It was recommended by Gaius Chibueze, who is popularly known as Bitcoin chief, that BTC is also expected to be one of the top cryptocurrencies to invest in 2022.
Ethereum
Ethereum is highly rated due to its infrastructure, and it is currently in the second position after Bitcoin in the cryptocurrency market. ETH also has the great potential to outgrow Bitcoin in the coming years. It is also dominating all financial transactions and payments in all sectors. It is also expected to be one of the top cryptocurrencies to invest in in 2022. Most of the investors are looking towards ETH to obtain good results in the coming days. It is the best cryptocurrency known for empowering thousands of decentralized applications to ensure a fairer financial system.
Cardano
Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. Some of the investors predict that Cardano has the potential to become the next Bitcoin that deals with smart contracts. It is less harmful to the environment than bitcoin and Ethereum. Many investors who choose to acquire Cardano in 2022 will do so in the belief that it would overtake Ethereum as the leading blockchain for defi and NFTss. Different cryptocurrency communities have carried out a lot of research, and Cardano is one of the top cryptocurrencies expected to have a top market capitalization in 2022.
Solana
Solana is one of the top 5 cryptocurrencies to buy to gain from the digital wallets of crypto investors. It is the best cryptocurrency known for its effective, censorship-resistant blockchain and is very fast for global adoption. It is likely to witness a spike in the coming years. In 2021 Solana piqued the interest of investors. Its token increased by more than 300% in September alone, propelling it to the top 10 cryptocurrencies with a market cap of just over 56 billion dollars. It is predicted that its price could rise to 46%.
Polkadot
Polkadot, commonly known as DOT, is a blockchain network of the theParahchain variety. It has several connected blockchains within its functions allowing all to work together. Polkadot is very much similar to Ethereum in allowing the developers to create smart contracts and build apps. And so, it becomes the other best cryptocurrency with a high market capitalization in 2022. I have a high prospect for Polkadot because it has a lot of potentials.
Other prospective cryptocurrencies include; BinanceCoin, Aave, Dogecoin, and Maker
PS: It is important to note that the information shared in this article is not financial advice. Please do your due diligence before making an investment decision.
