There is much expectation in the crypto market for the year 2022. With the huge success experience in 2021, crypto investors expect this year to be even better. The Good news is that all cryptocurrencies are working hard to meet investors' and users' expectations. Here are 5 best cryptocurrencies of 2022 and what their teams are coming up with:
Solana (SOL) is the fastest blockchain in the market today. The blockchain managed to hit 50,000 transactions per second, making fastest blockchain. The team is developing a platform that addresses Ethereum limitations, and in less than two years, they have fixed the scalability and cost issue.
In 2022, Solana has multiple products coming up, including the full launch of its main net. The launch is still in the beta launch, and the full launch might be in 2022. It is also working to reduce the cost of gas and increase its scalability. The team has also announced more development in its NFT and smart contract programs.
The team has promised more products on the Solana ecosystem with the continuous upgrade of the smart contracts. More products will be launched in 2022, and upgrades of the existing ones to keep blockchain competitive.
Cardano (ADA) had a good season in 2021. The coin reached an all-time high price last year since the 2017 launch. Cardano is one of the first blockchains to use the proof-of-stake consensus to address the security issues, which it has succeeded by developing a more secure blockchain than Ethereum and Bitcoin.
The team has an impressive 2022 roadmap that is expected to rebound the coin his year. According to Hoskinson, the team is planning to launch Hydra, a layer-2 scalability solution to facilitate loads of financial transactions. The upgrade will increase the transactions per second rate to an unimaginable number.
Hydra upgrade will make Cardano more competitive towards Solana and other blockchains currently scaling better. The team is also working on the programs to facilitate dApps coming live on mainnet. Among the dApps that have been confirmed to launch on Cardano'smainnet areSundaeSwap and MuesliSwap. The dev team has promised to reveal more in the coming days.
Bitgert (BRISE) is another cryptocurrency to watch in 2022. For a crypto project that launched in late July 2022, the team has accomplished a lot for a 5-month-old project. The platform is a payment system that allows users to transact on a p2p platform. The team has already launched the BrisedApp wallet and Swap products. Token staking was also launched in December 2021.
The team has announced more products and powerful products in 2022. In the 2022 roadmap, the team is launching the widely anticipated Brise exchange and Bitgert zero gas fee blockchain. These are two major products that will greatly influence the price of the $BRISE. The exchange is launching in Q1 2022 and will be a centralized cryptocurrency exchange.
The gasless blockchain is in the development stages, but the team is expected to announce the launch date soon. The coin is also expected to list on KuCoin and Gate.io soon. The widely anticipated iOS wallet is also launching soon. In addition to the products, the team is doing soon, and Bitgert will be registered in Cayman Island.
As the second oldest blockchain, and has revolutionized the crypto market with the introduction of smart contracts. Despite its popularity, there are several limitations, such as scaling, transaction costs, security, and so on, makingEthereum less effective.
With the advancing technology, the team is working hard to keep the Ethereum network safer, faster, and cheaper. Currently, there is a huge uproar due to the costly gas fee on this network. The Biggest development, which is already ongoing, is the Ethereum 2.0 upgrade (eth2), also known as the Serenity phase.
The Eth2 upgrade is currently in the second phase (Phase 1), which was scheduled for Q4 2021 and q1 2022. The upgrade includes switching to the PoS consensus mechanism to address security and shard chains technology to fix scaling problems. The last phase of the Eth2 upgrade might also launch in 2022. The team is also promising to develop more products to increase Eth utility in 2022.
Ripple is still working on its global payment solution to help decentraliz3 the financial industry. Since the project launched in 2012, it has been making moves that have made it easy for users to send. So far, billions of dollars have been sent to using the XRP platform.
The Ripple team has revealed the 2022 roadmap, and the major aspect is to RippleNet a better payment platform. Improving user experience and enabling greater economic opportunity are key factors in this year's roadmap. The team has promised to improve the network scalability to accommodate the increasing number of transactions. Ripple gas fee is also another area the 2022 roadmap is working on.
According to the road map, the XRP team is upgrading the smart contracts, side chains, and NFTs programs for better utility. $XRP investors can expect the coin price to grow if the 2022 roadmap is executed as planned.
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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.