The crypto market is very robust at the moment, with most of the cryptocurrencies recovering well from last month's plunge. Already, there are cryptocurrencies that have shown signs of possible bullish growth, and this list has most of these coins. Here are some of the reasons why the crypto community believes that these might be the crypto of the month.
The polygon platform has, over the recent past, grown popular with developers. The platform is offering dApp developers a blockchain that is faster, cheaper transactions, and better user experience. The cheaper gas fee has been one of the reasons why most projects are migrating to this platform.
Polygon transformed Ethereum into a multi-chain system that enables faster and cheaper transactions. The project is backed by Coinbase and Binance, some of the most reputable exchanges in the market. With the number of projects migrating to Polygon and more starting on this blockchain, the cryptocurrency is likely to grow large this month.
The released 2022 Polygon roadmap also looks impressive as the Polygon looks to add more utility to the platform. So $MATIC might be one of the cryptocurrencies to watch this month.
For those buying new tokens today, Pancakeswap is one of the most popular places to get them. Almost all the new cryptocurrencies launching have their tokens listed on this platform. Pancake is a Market Maker and a decentralized exchange that launched in late 2020 and has been doing very well despite being operated by an anonymous person(s).
The most exciting thing about the PancakeSwap is the token's utility, $CAKE, is offering. Users can make some good income from the exchange by farming their LP token and staking the CAKE and, in return, get rewards.
The PancakeSwap team is also adding utility to the token which is attracting users. There is a lottery on the exchange where users can win $CAKE or NFTs that can be traded with $CAKE on the exchange. These factors might make PancakeSwap grow in this month.
UniSwap is one of the decentralized exchanges to watch in 2022. The cryptocurrency is currently ranking #19 in terms of market value at the time of this writing. This means it has a vast community that can turn things around at any time. The DEX addressed the liquidity issue, and that's why it has become popular in the market.
As a DEX, UniSwap offers more than just trading cryptocurrencies, making it unique and popular with the crypto community. The token has very high and real utility, considering that the platform has over 300 products. So, there are many activities that users can accomplish on the exchange without leaving it.
UniSwap launched in 2020, and is already doing because of both the efficiency and token utility. These factors might continue to make UniSwap perform well this month.
The crypto community believes that Bitgert is one of the most highly potent cryptocurrencies of 2022. The crypto project started on July 28th, 2021 but has become one of the fastest-growing crypto projects with real utility. The team is building a DeFi project, which is a decentralized global payment protocol.
The Bitgert team has already released multiple products, but it is the upcoming products in the 2022 roadmap that has got the crypto community excited. The team is released the Brise exchange in Q1, and the beta version will release at the end of February.
The biggest product that might make Bitgert the crypto of the month is the upcoming zero gas fee blockchain. There is no other free gas blockchain, making Bitgert one a game-changer. The launch will possibly cause a breakout. Read more on the Bitgert Website.
Centcex is a blockchain platform that is developing a range of blockchain-based projects, with the cryptocurrency exchange being one of the biggest products. The project also includes the staking and the Centcex lab, which is building multiple products to run the platform ecosystem.
One of the attractive factors and things making Centcex attractive and could make it the crypto of the year is project utility. The CENX token will have the biggest utility because of the unlimited products in the project's ecosystem. The Centcex exchange will offer high security, full privacy, and unrivaled speed.
The staking process rewards 100% APY, which is super attractive. The Centxec lab will produce unlimited products for the ecosystem, which means more income for the staked CENX. These are things that might make Centcex the crypto of the month.
Chainlink is another cryptocurrency to watch in January 2022. It is one of the blockchain-based protocols designed to enable secure connection smart contracts with external data and services. The platform has been gaining popularity in the market because of the efficiency it creates.
Chainlink ranked #18 based on market capitalization, which is an indication of the confidence the community has in it. The team is still working on the blockchain as the releases 2022 roadmap. There are more improvements coming and might have a positive growth of the cryptocurrency.
The data processing field, which Chainlink serves, is projected to grow in big 2022, and this will greatly impact the crypto project's growth. The bottom is Chainlink is one of the cryptocurrencies to watch in 2022 and might also be one of the crypto of the month.
Disclaimer: Thorough research on cryptocurrency is recommended before investing to avoid losses.
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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.