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It's the first week of 2022, and the crypto market is looking quite vibrant. Despite the recent plunge that the market is expected to recover soon, some cryptocurrencies have shown the signs of a massive bull run this year. Here are reasons why the following cryptocurrencies might be preparing for a massive bullish growth:
Bitcoin is the first blockchain and the largest cryptocurrency in market capitalization today. These are two major factors giving it an edge in the market. The coin did so well in 2021 and could do the same in 2022. There are factors that are expected to make Bitcoin bullish this year.
One of them is a possible increase in governments making Bitcoin a legal tender. Already, El Salvador has accepted this coin as legal tender. More countries might do the same this year, which will make the BTC strong.
The increasing number of businesses and organizations accepting Bitcoin as a form of payment for goods and services might make the coin bullish. It is also expected that more people will be buying Bitcoin to just store value instead of gold. All these factors combined might make this coin bullish in 2022.
The coming of the Ethereum blockchain as a solution to some of Bitcoin'sflaws made this second blockchain very popular. The platform introduced game-changing smart chain technology, enabling it to build a massive community. Ethereum is the second-largest cryptocurrency by market value.
There are key factors that might make ETH bullish in 2022. One of them is the ongoing Ethereum 2.0 upgrade. The protocol upgrade includes switching the network from PoW to PoS consensus protocol, which will increase security and scalability.
Eth2 upgrade also includes chain technology to increase transaction speed and reduce the gas fee. The upgrade is already in the second phase and is expected to make this blockchain more user-friendly. The additional utilities coming up in 2022 and protocol upgrade might be preparing Ethereum for a massive bull run.
Anyone trading in the market must have used a Binance coin. The coin value has been going large since 2021, and the crypto community believes it might maintain the same momentum in 2022. There are many factors that might make BNB bullish this year.
One of them is the popularity of the Binance exchange. The crypto exchange is now the biggest in the market based on the volume of the tokens traded daily. The popularity comes from its cheaper gas fee and high processing speed. The exchange is expected to grow bigger in 2022, and this means a more popular BNB coin.
The increased number of dApp projects building and launching the Binance Smart Chain is another factor preparing this coin for a massive bull run. All these factors combined might make Binance larger in 2022.
Bitgert will be the most talked-about project in 2022 mainly because of the token's incredible utility. The blockchain project is building a DeFi protocol that includes a powerful decentralized global payment system. But the team is doing more than just a payment system by building an entire DeFi ecosystem.
Bitgert was bullish in 2021 because of the multiple products the team launched. With the 5 products in 120 days of launch, the team had accomplished a lot. But it is the 2022 products that will keep Bitgert growing bigger this year. The launch of the cryptocurrency exchange and the zero gas fee blockchain are the developments that might make this coin bullish.
There is no other free gas blockchain in the market, and this means Bitgert will be a unique project. The launch of the blockchain is expected to the coin bullish. Read more on the Bitgert website.
Centcex is a blockchain platform that enables the development of powerful dApps that are secure and more user-friendly. A number of exciting blockchain-based projects are already going on that might make Centcexcoin bullish in 2022.
One of the most attractive products at the moment is the Centcex exchange. It is a unique exchange in that it addresses major flaws in the current cryptocurrency exchanges. It is using PoS consensus protocol that will make it faster and more secure. The exchange is also a no-KYC protocol that offers a better user experience.
The Centcex staking is the second utility that might make the coin bullish this year. Stakers will enjoy staking rewards of 100% APY of the generated revenue, which is very attractive to investors. The Centcex lab will produce unlimited products for the ecosystem, which means more staking revenue in the future. These factors might make Centcex record a massive bull run. Visit the Centcex website for more information.
Ripple is a decentralized payment system that is doing very in the market. The platform is handling billions of dollars every as more and more adopt digital currency payments. Since 2012 when the Ripple XRP cryptocurrency was launched, it has been doing, and 2022 may be another year for the coin to be bullish like 2021.
The team 2022 plan is to make Ripple the biggest digital currency payment platform. This can be seen in the 2022 roadmap the team released a few days ago. The main objective is to increase the global adoption of the Ripple (XRO) currency, which will create the demand for the coin, and that's how a bull run might develop.
There will also be improvements on the RippleNet in 2022 and more utility added to the network. The improvement will address major flaws in the network, including the costly gas fee, scalability, and so on, to make the payment system more efficient, cheaper, and fast. All these factors combined might make Ripple bullish this year.
NB: Making a cryptocurrency investment must be informed by thorough research on the project to prevent loss of money. Understanding the project better is highly recommended.
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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.
