The rapid exponential growth of cryptocurrencies has opened a bay of opportunities for idealists across the globe. Since the year began, more than fifty cryptocurrency and blockchain-related projects have risen to the much-coveted unicorn status, with market analysts predicting more to come. A unicorn is a company that has been valued at more than one billion dollars by venture capitalists. Here is the list of the top 5 cryptocurrency unicorns everyone should watch in 2022:
Valuation: US$1.7B (January 2021)
Bakkt Holdings, Inc. is a digital asset manager listed on the New York Stock Exchange under the symbol BKKT. The company operates a platform that enables consumers to buy, sell, store, and spend digital assets such as cryptocurrencies, rewards and loyalty points, gaming assets, and gift cards. The company offers crypto trading and payments features with a fully regulated Bitcoin derivatives futures and options market. Bakkt is one of the top 5 cryptocurrency unicorns everyone should watch in 2022.
Valuation: US$2.10B (January 2021)
Binance is a cryptocurrency exchange that is currently the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high-frequency trading software. Binance is a simple to use, safe crypto-currency exchange, helping investors and traders buy/sell while taking a commission.
Valuation: US$5.20B (February 2021)
Blockchain.com is a cryptocurrency financial services company. The company began as the first Bitcoin blockchain explorer in 2011 and later created a cryptocurrency wallet that accounted for 28% of bitcoin transactions between 2012 and 2020. Blockchain.com is the premier digital asset platform, the foundational technology behind cryptocurrencies like bitcoin and ether.
Valuation: US$1.10B
Outside of DeFi projects, blockchain analytics firm Chainalysis has expanded rapidly in 2020, raising its total valuation to more than US$1 billion following a $100 million financing round last month. The firm develops investigative tools that enable companies, governments, and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities. Chainalysis is one of the top 5 cryptocurrency unicorns everyone should watch in 2022
Valuation: US$11.70B (April 2017)
Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, known for pioneering commission-free trades of stocks, exchange-traded funds, and cryptocurrencies via a mobile app introduced in March 2015.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.