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With so many cryptocurrencies to watch in 2022, investors have a vast selection to pick from. This list has some of the cryptocurrencies that could perform very well in the market this year. We have put together some of the key factors that might make these cryptocurrencies be the best performers of 2022.
For the longest time, Bitcoin has been a pacesetter in the crypto market, and this is not about to change in 2022. By being the first cryptocurrency and the largest crypto coin in terms of market value, it remains one of the highly potent coins of 2022.
But there are many other developments that will contribute to BTC growth. First is the increasing number of people buying the coin to store value. Recent studies have shown an increase in the number of people buying Bitcoin for value storage instead of gold.
The number of businesses accepting Bitcoin for real payment of goods and services is expected to increase in 2022. it is also expected that more jurisdictions will accept the currency as legal tender this year. All these developments make the crypto community believe that Bitcoin will perform.
Investing in Ethereum today might be one of the best decisions a crypto investor can make this year. ETH is expected to perform better this year mainly because of the many developments coming up in the 2022 roadmap. Important to note is the ongoing protocol upgrade, Ethereun 2.
The upgrade is expected to make the blockchain perform better by addressing the security, speed, and cost of transaction or gas fees. These are the biggest problems that affect the Ethereum network.
The Eth2 upgrade's first phase was completed in 2022, and now the second phase is ongoing. The third and last phase is expected to start in 2022. There are also many utilities coming up in the 2022 roadmap that might make this currency be one of the best performers of 2022.
Binance coin or BNB could be the black diamond of 2022. The year 2021 was big for the BNB as the coin value rose by a huge percentage. This is as the Binance exchange grew to be the most widely used cryptocurrency exchange of 2021. In fact, it is the largest cryptocurrency exchange in the market today based on the traded volumes.
The number of bep20 tokens has also increased over the last few years as more projects are built and launched on the BSC. The lower gas fee and high scaling are factors attracting developers to use the BSC platform.
Increased use of the exchange and smart contracts are some of the major reasons that might make BNB perform better in 2022.
Bitgert is probably one of the hottest coins in the market today. The coin has been trending in all the major exchanges and other platforms for the last few days. This is one of the youngest cryptocurrencies, 5 months old at the time of this writing, but has attracted the crypto community mainly because of the incredible features.
Bitgert is a DeFi project that is building a decentralized global payment system. The team is building a complete ecosystem that includes a cryptocurrency exchange and a blockchain. The unique thing about this project is the centralized exchange and a zero gas fee blockchain. There is no other gasless blockchain in the market today.
Both the centralized exchange and the gasless blockchain are launching in 2022. These are the major reasons why Bitgert might be the best performing crypto of 2022. Read more on the Bitgert Website.
Centcex is another young cryptocurrency worth watching in 2022. The cryptocurrency has been in the market since mid-November 2021. The team is building a cryptocurrency exchange that addresses the major limitation in the current exchanges, which are security and user experience.
But it is the incredible utilities that might make the cryptocurrency grow in 2022. With Centcex staking offering 100% APY of the generated revenue, this is a coin that will attract many crypto investors.
Centcex lab is another utility that will attract a lot of attention in 2022. The project will have 3% of every sale going to develop products that will be running on the platform's ecosystem. Many developments are coming up in the 2022 roadmap. Visit the Centcex website for more information.
Ripple is one of the oldest and reputable DeFi projects in the crypto market. The cryptocurrency launched in 2012to decentralize the financial industry, which it has done. Today, billions of dollars have been transferred through the XRP payment platform.
The value of the $XRP token grew big in 2021, and it is expected to do even better in 2022 based on the developments taking place this year. This is according to the released 2022 roadmap. The team will be working on increased global adoption of the XRO currency, which will make XRP bigger in 2022.
The improvements on the RippleNetare ongoing to make the payment system more efficient, cheaper, and fast. The cost of transactions is expected to come down by reducing the gas fee, and so on. These are development that could make Ripple perform better in 2022.
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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.
