Top 10 cryptocurrencies poised for a bull run in May 2022






by Sayantani Sanyal
Apr 16, 2022

cryptocurrencies

Cryptocurrencies have become the most popular investment vehicle by 2022

Starting with El Salvador adopting Bitcoin as legal tender and China banning all cryptocurrency transactions, the year 2021 was quite an eventful year for the cryptocurrencies domain. The steady growth of the cryptocurrency industry in recent years has attracted more attention from institutional investors than any other. The current phase of the cryptocurrency market, along with an increased focus on regulation, has made investors concerned about the future prospects of digital assets. Policymakers are already thinking about introducing centralized state-issued cryptocurrencies that will eventually compete with decentralized ones. The governments of Russia and Ohio have already started investigating CBDCs, with tests rolling out this year. But for now, these decentralized cryptocurrencies are the way to go. In this article, we have listed the major cryptocurrencies that are expected to explode in 2022.

Bitcoin

Bitcoin is one of the most powerful cryptocurrencies in the world. Even after massive volatilities, BTC continues to reign as the supreme leader in the crypto market. Recently, after the price fell, Bitcoin investors were concerned about their investments and the impending regulation. But experts estimate that the cryptocurrency will rise again, likely reaching $100,000 by the end of the year.

Ethereum

Ethereum, abbreviated as Ether, is the world’s second largest cryptocurrency that has the potential to beat even major cryptocurrencies such as Bitcoin. In 2021, Ethereum has made a major upgrade, scheduled for this year, leading to improvements in ether reduction, transaction speed, durability, etc.

Solana

Solana is a highly functional open source project that relies on the permissionless nature of blockchain technology to provide decentralized financial solutions. The Solana protocol is designed to facilitate the creation of DApps, with the aim of improving scalability by introducing proof-of-history, combined with proof-of-stake consensus across the blockchain.

to tie

Tether is a stablecoin that reflects the price of the US dollar. The peg of the token to the dollar is accomplished by holding in reserves a sum of commercial paper, fiduciary deposits, cash, reserve repos and Treasury bills equal to the USD value relative to the number of USDT in circulation.

Avalanche

Avalanche is the fastest smart contract in the blockchain industry measured by time-to-finality. The cryptocurrency is lightning fast, cheap and environmentally friendly. Any smart contract application can outperform the competition by deploying it on the Avalanche ecosystem

Axie Infinity

Axie Infinity is a blockchain-based trading and fighting game that is partially owned and operated by its players. The Axie Infinity ecosystem has its own unique governance token known as Axie infinity shards. These will be used to participate in key board votes and will give holders control over how the funds in the AXS treasury will be spent.

Terra

Terra is a blockchain stablecoin payment platform that relies on maintaining a balance between two types of cryptocurrencies. Terra-backed stablecoins, such as TerraUSD, and their counterweight LUNA, which power the Terra platform, are widely used to store more Terra stablecoins.

Binance Coin

Binance is one of the most successful cryptocurrency exchanges in the world when it comes to trading volumes. Like Bitcoin, Binance Coin maintains a hard limit on the number of tokens in circulation. BNB has two blockchains, which reduce the kinds of bottlenecks to which Ethereum is most vulnerable. The market value of Binance Coin is expected to rise exponentially over the next two to three months.

Decentralland

Decentraland is a virtual reality game on the Ethereum blockchain that uses the MANA token as an in-game currency. Users can buy goods and services, buy land and visit other players, and create and monetize their own content.

algorithm

Algorand is a self-sufficient, decentralized, blockchain-based network that supports a wide variety of applications. These systems are secure, scalable and efficient, all of which are critical features for effective real-world applications. The cryptocurrency is designed to support calculations that require reliable performance guarantees to create new forms of trust.

Disclaimer: The information in the article is for educational purposes only. By using this, you agree that the information does not constitute investment or financial advice. Do your own research and check with financial advisors before making any investment decisions.

Share this article

Do that thing to share




Roxxcloud

Leave a Reply

Your email address will not be published.

Back to top