The market for digital currency (also known as cryptocurrency) is now growing at a rapid pace. When talking about Defi, it is altogether a different arena that has also witnessed huge growth and demand over the years. 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 10 cryptocurrencies that are expected to have a top market capitalization in 2022.
Created in 2009 by someone under the name Satoshi Nakamoto, Bitcoin (BTC) has become a household name all over the world. 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 fees than traditional payment methods and is operated by a decentralized system as it's not backed by a government or any commodity.
Ethereum 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 2022. Most of the investors are looking towards ETH for obtaining good results in the coming days. It is the best cryptocurrency known for empowering thousands of decentralized applications to ensure there is a fairer financial system.
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. This is one of the top cryptocurrencies expected to have a top market capitalization in 2022.
Solana is one of the top cryptocurrencies to buy to gain from the digital wallets of crypto investors. It is the best cryptocurrency that is known for its effective, censorship-resistant blockchain, and 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%.
Binance Coin is used worldwide for discounted trading fees and payments for various services making the transactions seamless. Cryptocurrency investors can likely obtain good benefits from this one of the cryptocurrencies to buy in 2022 that leads in the crypto market. Binance is the world's number one cryptocurrency platform where Binance Coin is used to pay fees on this exchange platform.
Polkadot is commonly known as DOT which is a blockchain network of 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.
Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Aave was originally known as ETHLend when it launched in November 2017, but the rebranding toAave happened in September 2018. AAVE provides holders with discounted fees on the platform, and it also serves as a governance token giving owners a say in the future development of the protocol. This is another crypto coin expected to have a top market cap in 2022.
As a meme coin, dogecoin stirred quite a fuss in the market in 2021. The image of the Shiba Inu dog as the DOGE avatar has attracted a lot of investors as it is quite adorable. DOGE has been used primarily as a tipping system on Reddit and Twitter to reward the creation and sharing of quality content.
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol respectively a decentralized organization and a software platform, both based on the Ethereum blockchain that allows users to issue and manage the DAI stable coin. The Maker ecosystem is one of the earliest projects on the decentralized finance (Defi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.