Cryptocurrency is typically decentralized digital money designed to be used over the internet. Today, about 16,000 different cryptocurrencies are traded publicly. The crypto market skyrocketed in 2021, and it will continue to rule in 2022 and beyond. The universe of digital tokens saw an investment of US$30 billion and the total market capitalization of this asset class, which is merely a decade old, hit US$3 trillion during the year. Industry experts say India has a huge potential to become a global leader in this technology. The small cities and towns have led the way in adopting these digital assets. This article features the top 5 cryptocurrencies assured for monster rebounds in 2022.
GALA, an Ethereum token, powers a blockchain gaming platform, Gala Gaming. According to reports, this cryptocurrency grew by a scintillating 50,829 percent. Gala Games aims to take the gaming industry in a different direction by giving players back control over their games.
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise battle, and trade token-based creatures known as Axies. It is one of the top cryptocurrencies assured for monster rebounds in 2022.
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community. According to reports, this cryptocurrency grew by a scintillating 14,629 percent.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. According to reports, this cryptocurrency grew by a scintillating 12,817 percent in 2021.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. It is one of the top cryptocurrencies assured for monster rebounds 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.