The cryptocurrency market is entering the second week of 2022, and already a lot of developments have been going on. The recent price plunge has been the most talked-about thing since most of the largest cryptocurrencies have been plunging. But there are some highly potent coins crypto investors need to know about. Here are some of the best cryptocurrencies of 2022 and the important facts you need to know about them:
Bitgert is rated as one of the best cryptocurrencies preparing for a bull run in 2022. This is because of the attractive features that the project is offering. First Bitgert is one of the fastest-growing high utility crypto projects in the market today, having launched on 28th July 2021 and has the staking going on and a cryptocurrency exchange coming in Q1 2022.
The coming Bitgert Brise Exchange is a centralized type. But the most exciting fact is the zero gas fee blockchain the Bitgert team is developing right now. The blockchain is launching in 2022 and will be the only free gas blockchain in the industry. It will make Bitgert the biggest blockchain. The team has also doxxed in the first week of January 2022. Find more on the Bitgert website.
Centcex is a blockchain-based project launched in the third week of November 2021. Centcex was bullish in the first week of 2022, against market forces, because of its attractive nature. This is a project offering token investors incredible returns. The platform is developing dApps that will be running on its ecosystem.
The products development, by the Centcex lab, is funded by 3% of all transaction and thus means funds will always be there. But the 100% APY Centcex staking reward is what's attracting most investors. With the unlimited number of products, staking revenues will be huge. Already the team is developing a powerful cryptocurrency exchange, Centcex Exchange. Visit the Centcex website for more information.
The first known fact about Ethereum blockchain is the issue of poor scalability and the costly gas fee. The latter has made many Ethereum developers migrate to cheaper contracts such as Polygon. But this might be a forgotten problem very soon with the ongoing Ethereum 2.0 upgrade that started in 2021.
The upgrade is in the second phase, with the third and last phase expected to launch in 2022. The Ethereum protocol upgrade includes a lot of things, including introducing sharding chains and migrating from PoW to PoS. This is one of the biggest Ethereum developments that will address all the major shortcomings and make the network fast, secure, and cheaper.
There are so many reasons why most people refer to Bitcoin as the 'gold coin'. This is because of the value the coin has created in the crypto industry. Bitcoin is the largest cryptocurrency and the fast crypto coin. But the most exciting factor is the utility this token has created.
Bitcoin is increasingly accepted as a method for payment in the real world more than any other coin. Bitcoin is the only major crypto coin that has become a legal tender in a country. The other fact about Bitcoin is its increasing eating into the gold share as more people buy the coin to store value. The Bitcoin team has also been improving the mainnet to make it more efficient.
Shiba Inu is one of the most discussed cryptocurrencies in the recent past. The coin's bullish explosion in 2021, yet it was just a meme coin, got people shocked as others made millions of dollars in returns. One important fact about Shiba Inu is that the cryptocurrency might be coming back stronger.
The Shiba team is in the process of launching its Doggy DAO, which is expected to make the $SHIB more attractive. The DAO enables the community to vote on the crypto projects and the crypto pairs, unlike in the past when the team was doing all this. Doggy is also going to reduce the whales' influence. The team has announced the addition of more products on the platform, including NFTs. Shiba Inu will be a cryptocurrency to watch in 2022.
As an online payment platform, Dogecoin has been exciting the crypto community. The team is planning to rebuild the platform and make it more efficient and attractive. The Dogecoin Foundation was re-launched in 2021, and the coin's team of advisors is exciting. On the list of advisors are Vitalik Buterin and Elon Musk.
This is where the relationship between Dogecoin & Elon Musk can be seen. The coin has also been receiving a lot of marketing from Dogecoin & Elon Musk relationship in many ways, including the remarks he has been making about this coin in the recent past. There is also a lot of network upgrades expected in 2022.
Binance Coin or BNB must be one of the coins investors are watching closely in 2022. The is so much happening around the coin, but the rapidly rising demand for the BNB cannot be denied. With the increasing growth of the Binance exchange and the Binance Smart Chain, the demand for the BNB has been on the rise.
In 2021, Binance Coin gained about 1344%, partly due to the demand for the Binance Chain, which is growing rapidly. The same is expected to happen in 2022 as the two Binance products continue to attract users in thousands of uses.
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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.