If it hadn’t already, crypto would have reached the mainstream in 2021. With total cryptocurrency market capitalization surpassing 3 trillion, financial regulators from D.C. to Beijing have begun to take the asset class very seriously, and Elon Musk tanked Dogicoin on Saturday night live.
As we enter 2022, all eyes are on what will happen next in crypto. Until now, bluechip tokens like Bitcoin and Ether have been known to anyone who was even interested in huddling. And with Bitcoin now regularly trading around ৬ 80,000 and Ether north of 4,000, some investors may scout for less established cryptocurrencies that could offer bigger returns. Fortunately for them, there is no shortage of cryptocurrencies other than Bitcoin – which could break down and become the name of the next household.
Here are five emerging cryptocurrencies to look forward to as you enter 2022:
SHIB
The meme-coin sensation exploded in public awareness in 2021, piggybacking on Dogicoin’s success in becoming the latest decentralized homage to man’s best friend (a breed of Shiva Inu dog). Shiva Inu, whose value reached an all-time high at the end of October in a fraction of a percent, has reached a market capitalization of about 40 billion in the process. In turn, an army of fan tokens called SHIBArmy demanded Robinhood to make SHIB available on the crypto platform of the stock trading app.
But since the days of those headaches a month ago, things have gotten worse. The value of the SHIB has fallen in recent weeks, with its market cap halving to about 20 billion. Will its descendants prove to be the ultimate buying opportunity for the SHIB Army? Or will 2022 see Shiva Inu slipping further into meme-coin obscurity?
SOL
Currently the world’s fifth largest cryptocurrency with a market capitalization of over বিল 72 billion, Solana has seen a remarkable rise in 2021. With a turnover of less than 2 a year, it reached an all-time high of 260 in early November and is now trading just north of 200.
SOL is the native token of the Solana blockchain network, and its skyrocketing value similarly reflects Solana’s growing potential. Blockchain has received increasing acclaim for its powerful transaction processing speed, with the exception of Sam Bankman-Fried, founder and CEO of Crypto Exchange FTX, who recently leveraged it over Ethereum. If Solana continues to increase its presence, SOL holders can find themselves on the moon.
CARDANO
Cardano sits right behind SOL with a market cap of 55 billion, a meteoric increase in 2021. The token traded at less than 0.20 a year and received in early September, making it the world’s third-largest cryptocurrency. The process has cooled from ADA’s Labor Day high, and is now trading at 1.6.
Cardano is the brainchild of Ethereum co-founder Charles Hoskinson, who left Ethereum after disagreeing with Vitalik Buterin’s design of keeping the blockchain unprofitable. Cardano has made a name for himself, but in a month-long bear race with the ADA, 2022 could be a make-or-break year.
AVAX
Contrary to its name, Avalanche has been hot this year. At the beginning of 2021, AVAX was trading just north of 3 at the end of November, surpassing the all-time high of 146, surpassing Dodgecoin and becoming one of the 10 largest cryptocurrencies in the world. It now has a turnover of over 117 billion, with a market cap of over 26 billion.
AVAX is the native token of the Avalanche blockchain, one of Ethereum’s emerging competitors in smart deals. The Spurring AVAX Autumn Rally was a new partnership with Deloitte that will deploy consultant Giant Avalanche to support its work with the Federal Emergency Management Agency (FEMA). With the Deloitte deal giving Avalanche an enviable dose of credibility, 2022 will see the blockchain and its token leverage reach new heights.
MIND
MindChain Coin is a cryptocurrency created in Turkey and is managed by a BINP-based BEP20 token. Mindchain coin is verified by BSCSCAN. The Mindchain Coin launched on November 2, 2021. In addition, the popular Dex Exchange Mindchain on PancakeSwape has listed coins to be traded at 0.03 cents. The total supply value of Mindchain coins is, 61,000,000.
Mindchain coin which is compatible with huge banking ecosystem. The perfect host for Mindchain was the Binance Blockchain. Mindchain coins are well-established and secure and this has allowed the Mindchain project to remain decentralized.
