The first and most important thing when investing in a cryptocurrency is understanding the project. This is what informs a good project from mediocre crypto in the industry. There are many cryptocurrencies doing well in the market, but most investors know very little about them. Here is a list of some of the top cryptocurrencies of 2022 and 3 interesting facts you need to know about them:
Bitgert may be one of the youngest DeFi projects in the industry, but the team is delivering more than any other DeFi project. For the last 5 months, the project has delivered so much that it launched the staking process in the first 120 days of the project launch. The project is projected to be among the best performer of 2022 based on the roadmap as seen on the Bitgert website. Here are 3 facts about the Bitgert project
1. Bitgert has a fully automated token buyback and burning process
2. The project is building a centralized cryptocurrency exchange that is launching in Q1 2022
3. Bitgert is developing the first zero gas fee blockchain in the crypto industry
Centcex is said to be one of the germs in the crypto industry. The token is barely two months old and is already attracting a lot of attention because of its incredible utility and innovative and attractive investor rewards. According to Centex website, the team is developing cryptocurrency products and applications that offer unmatched user experience and security features. The products development is handled by Centcex lab, which is funded by 3% of every transaction. Here are 3 facts about Centcex:
1. The Centcex team is building a no-KYC centralized exchange
2. Centcex staking offers 100% APY of the products revenue
3. The team is developing an unlimited number of products for the ecosystem
Solana pride itself as the fastest blockchain in the industry today. The team has achieved suchimpressive milestones in less than 2 years since the project launched. There is a lot the team has been doing to improve its mainnet and also to increase the number of projects running on the network. The team wants to make Solana mainnet fast and cheaper in 2022 to make it the most preferred blockchain. But how much do you know about this project? Well, here are 3 facts about Solana:
1. The blockchain is now processing over 65,000 transactions per second
2. Solana grew by 13,300% in 2021 alone
3. The initial building of Solana started in 2017
Cardano is one of the first blockchains to address Ethereum shortcomings, including low throughput, security, and high gas cost. The team developed one of the most powerful blockchains in the market. The blockchain is still one of the fastest and most secure blockchains in the industry today. With the upcoming Hydra protocol upgrade, the blockchain will be one of the best in the market due to high throughput and cheaper cost of transactions. Here are 3 facts about Cardano.
1. Cardano was the first to implement the PoS protocol
2. Hydra upgrade will enable Cardanoto process 1 million tps
3. Cardano founder co-founded Ethereum
If looking for the fastest smart contract in the crypto industry today, it is Avalanche. This is a smart contract that has been doing very well in the market due to high demand by the developers. The Avalanche team has been working on the network to introduce more scaling solutions, which has enabled it to accommodate more projects and deliver faster speed. Here are 3 facts about Avalanche:
1. Avalanche is the fastest smart contract today by TTF
2. It is compatible with Ethereum smart contract
3. Avalanche burns tokens to reduce supply& create scarcity
Matic is among the best performing cryptocurrencies in the market today. This is a token for the Polygon, a smart contract platform for Ethereum based products. The smart contract is popular because of its ability to transform the Ethereum network into a fully-fledged multi-chain system. This is Matic has been growing popular in the market. Here are interesting facts about Matic:
1. Matic is the native currency for the Polygon platform
2 Polygon is for Ethereum based dApp projects
3. Polygon is a layer-2 scaling solution
Litecoin is one of the most successful digital currencies in the industry today. It is also one of the oldest cryptographic currencies shaving launched back in 2011. Over the years, Litecoin has become of the most preferred digital cryptocurrencies for payments. In the recent past, more institutions like NetCent, Bitpay, and Verifone have adopted Litecoin as currency for buying goods and services. Here are 3 facts about Litecoin:
1. It is a peer-to-peer payment system
2. It is said to be the little brother of Bitcoin
3. It is faster than Bitcoin
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.