.png){kind=logo}
The market for digital currency is now growing at a rapid pace. When talking about Defi, it is altogether a different arena that has also witnessed huge growth and demand over the years. There are now thousands of cryptocurrencies, and many of these have a promising future within the market. Some crypto coins are stable like Tether and USD coins, but some show great results like Terra, Shiba Inu, Bitcoin, and many more. Cryptocurrencies in 2022 have immense potential to thrive even more than 2021. Crypto investors are highly interested in the existing cryptocurrencies as well as the newly emerging ones to invest in their digital wallets also known as blockchain wallets. This article lists the top 10 cryptocurrencies with the potential to have the highest market capitalization in 2022.
Market cap: Over US$1.08 trillion
Created in 2009 by someone under the name Satoshi Nakamoto, Bitcoin (BTC) has become a household name all over the world. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transaction distributed across a network of thousands of computers. Bitcoin promises lower fees than traditional payment methods and is operated by a decentralized system as it's not backed by a government or any commodity.
Market cap: Over US$557 billion
Ethereum is currently in the second position after Bitcoin in the cryptocurrency market. ETH also has the great potential to outgrow Bitcoin in the coming years. It is also dominating all financial transactions and payments in all sectors. It is also expected to be one of the top cryptocurrencies to invest in 2022. Most of the investors are looking towards ETH for obtaining good results in the coming days. It is the best cryptocurrency known for empowering thousands of decentralized applications to ensure there is a fairer financial system.
Market cap: Over US$52 billion
Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. Cardano's ADA token has had relatively modest growth compared to other major crypto coins. Some of the investors predict that Cardano has the potential to become the next Bitcoin that deals with smart contracts. It is less harmful to the environment than bitcoin and Ethereum. Many investors who choose to acquire Cardano in 2022 will do so in the belief that it would overtake Ethereum as the leading blockchain for defi and NFTss. This is one of the top cryptocurrencies expected to have a top market capitalization in 2022.
Market cap: Over US$64 billion
Solana is one of the top cryptocurrencies to buy to gain from the digital wallets of crypto investors. It is the best cryptocurrency that is known for its effective, censorship-resistant blockchain, and fast for global adoption. It is likely to witness a spike in the coming years. In 2021 Solana piqued the interest of investors. Its token increased by more than 300% in September alone propelling it to the top 10 cryptocurrencies with a market cap of just over 56 billion dollars. It is predicted that its price could rise to 46%.
Market cap: Over US$104 billion
Binance Coin is used worldwide for discounted trading fees and payments for various services making the transactions seamless. Cryptocurrency investors can likely obtain good benefits from this one of the cryptocurrencies to buy in 2022 that leads in the crypto market. Binance is the world's number one cryptocurrency platform where Binance Coin is used to pay fees on this exchange platform.
Market cap: Over US$28 billion
Polkadot is commonly known as DOT which is a blockchain network of the Parahchain variety. It has several connected blockchains within its functions allowing all to work together. Polkadot is very much similar to Ethereum in allowing the developers to create smart contracts and build apps. And so it becomes the other best cryptocurrency with a high market capitalization in 2022.
Market cap: Over US$20 billion
Shiba Inu is another meme cryptocurrency that is also one of the biggest rivals of Dogecoin. Despite its whimsical beginnings, SHIB has managed to gather a growing and faithful community, which is also one of its biggest selling points. The community has also created an NFT project around SHIB that has enabled it to gain more attraction from investors.
Market cap: Over US$38 billion
Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Aave was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. AAVE provides holders with discounted fees on the platform, and it also serves as a governance token giving owners a say in the future development of the protocol. This is another crypto coin expected to have a top market cap in 2022.
Market cap: Over US$23 billion
As a meme coin, dogecoin stirred quite a fuss in the market in 2021. The image of the Shiba Inu dog as the DOGE avatar has attracted a lot of investors as it is quite adorable. DOGE has been used primarily as a tipping system on Reddit and Twitter to reward the creation and sharing of quality content.
Market cap: Over US$2.5 billion
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol respectively a decentralized organization and a software platform, both based on the Ethereum blockchain that allows users to issue and manage the DAI stable coin. The Maker ecosystem is one of the earliest projects on the decentralized finance (Defi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.
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.
