The over $ 2 billion market with over 15,000 cryptocurrencies promises to continue to grow. According to Bloomberg’s 2022 forecast, the expansion of stablecoins and the NFT rush will be major springboards for Bitcoin and other altcoins, which will continue to boil this year.
Bloomberg analysts believe Bitcoin and Ethereum will continue to rally, pointing to a $ 100,000 resistance line for the crypto queen. But what will happen to other cryptocurrencies that shone in 2021, such as solana or avalanche? And will there still be cheap assets for those wishing to enter?
Investment platform Vivid points to five bets on the cryptocurrency market in 2022. Here are the ones that were selected:
Solana
Globally, solana is currently the fifth largest cryptocurrency by market capitalization, “but given that it started the year at almost 2 euros and is now almost 140 euros, it is easy to see why some people think the story is not over yet.” protects Vivid.
Solana is viewed by many analysts as Ethereum’s biggest competitor, as its blockchain technology (which underlies the asset itself) is capable of processing 50,000 to 65,000 transactions per second, compared to 15-30 transactions per second for Ethereum or 250 for Ethereum. cardano.
Avalanche
Like solana, avalanche is another major enemy of Ethereum, even dubbed the “Ethereum Killer”. The Avalanche blockchain protocol runs on three different blockchain technologies. One is used to create AVAX coins and process financial transactions (for which a stake verification system is used). [proof of stake] low emission). The second “blockchain” concerns the process of participation itself, and the third concerns smart contracts encoded in the “blockchain”.
“Because of this specific structure and everything that programmers can do with it, it is considered a platform platform. The project behind it is incredibly large, so you need to keep an eye on it, ”emphasizes Vivid.
Decentraland
Decentraland is Vivid’s chosen crypto asset of the metaverse. It is a virtual reality platform powered by Ethereum. Players in this 3D virtual world rely on cryptocurrency-based assets to buy or sell land and objects, and this platform has developed its own currency known as MANA. Users can buy and sell digital real estate with MANA while exploring, interacting and playing in this virtual world.
Cardano
Cardano was launched in 2017. It is a blockchain platform that uses only a fraction of the energy of Ethereum and Bitcoin, processes transactions faster and has identified a five-step roadmap that will lead to the ultimate goal: to become a truly self-sufficient decentralized system.
Developers can host other applications and digital currencies on the platform. He launched smart contracts in 2021 and now his work is focused on the last two stages of development. For Vivid, these facts “demonstrate Cardano’s great potential to excel in the long term, even if the team in charge sometimes hesitates a little bit to implement new features.”
Dotted
For an investment platform, polkadot’s strength is communication. Cryptocurrencies tend to work on their own and generally cannot transfer coins or exchange information from one to the other. Polkadot was the first to make it possible to exchange data across multiple blockchains.
It is based on the main network – the relay chain – and the sets of “parachains” that accompany it. These “parachains” use bridges of sorts to connect to other “blockchains” such as Ethereum. In addition, it has a bonus in quality management: one of the founders of polkadot is also one of the co-founders of ethereum.
