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We are already in the 4thweek of January and this will probably be the week that we will see huge gains in the crypto market after the recent breather. This is despite the slow start with a slightly plunging market. So what is happening in the current crypto market today? What are the best cryptocurrencies of 2022 up to? Well, here are the24thJanuary updates that will be crucial to the crypto investors.
Bitgert remains one of the best cryptocurrencies to consider investing in this January. This fact was proven by the recent crypto market crash that saw Bitgert remain stable while most cryptocurrencies were dropping. There is a lot of development by the Bitgert team going on right now that is making this project very attractive.
The recent update is an airdrop worth $50,000 that is ongoing. The team has a huge giveaway up for grabs by all participants. The rules are pretty simple. See more about the airdrop on the Bitgert Twitter and also to participate.
The other important update is the iOS wallet launching very soon. The Bitgert team also announced the completion of submitting all the legal documents needed for the listing on a tier-1 exchange. Bitgert's centralized exchange and the zero gas fee blockchains development is also ongoing as planned. Visit the Bitgert website for more information.
Centcex remained stable during the recent crypto price crash, making it one of the few cryptocurrencies that withstood market pressure. Now Centcex is attracting the crypto community with this performance, and it is now going bullish. It is, in fact, one of the cryptocurrencies gaining big from the current market breather.
The Centcex team has been updating the community on the moves they are making in developing this project. The development of the Centcex exchange is the most updated product. As the first product, the team is developing it fast, considering this the second month since the project launched. Already, the Centcex exchange has the database structure, and the user interface is already completed.
Go to the Centcex website to learn more about the project, including the attractive Centcex staking 100% APY reward and the 2022 roadmap.
One of the major development around the time of this writing is the dropping price of the Solana coin. However, this has nothing to do with the crypto coin, but it is a problem with the market. The Solana coin hard been doing well since the market breather started, but the market will stabilize soon.
However, one of the latest updates is the Hacker House program the Solana team is undertaking right now. This is a developer-oriented program that is expected to increase the number of projects in the Solana network. Solana is planning to bring more DeFi and NFT developers. The program is being carried out in collaboration withMetaplex. Another update is the rise of Solana NFTs that recently crossed the $1 billion in volume sales.
One major update today is that Litecoin seems to be dropping the price though at a very stable speed. It is just a slight drop though it is a market this is bearish at the moment. But Litecoin has been one of the biggest gainers in the recent price surge, and thus it is expected to recover fast.
Another key Litecoin news is that it has been ranked #3 as one of the widely held cryptocurrencies after Bitcoin and Ethereum. Litecoin is also one of the cryptocurrencies that the Union Bank of the Philippines will adopt as the country attempts to launch a crypto trading platform. All these are moves that will make Litecoin grow larger in 2022.
The news about 1inch Network expanding to Avalanche is one of the exciting moves announced recently. In a bid to offer faster and cheaper transactions, 1inch Network plans to use Avalanche, one of the best scaling solutions in the market. The other exciting update has been the increasing number of DeFi projects on the Avalanche network.
The Avalanche team is also considering making the network, not just the fastest smart chain protocols but also the fastest in 2022. With many layer-2 scaling protocols coming, Avalanche plans to maintain the current status of the fastest blockchain for longer with the expected improvement of its scaling technology.
Buy Matic even if the price has been doing down write now. By the time of this writing, Matic has been dropping, posting an 8% drop in the last 24 hours. This is not good for the Matic holders, who were just coming from another massive plunge in the 3rd week of January. But this is one of the cryptocurrencies with huge potential.
Just like last week, Matic is coming back stronger, especially due to the growing demand for the Polygon network. As more projects add to the smart contracts, the demand for Matic will also start to grow. Therefore it is one of the cryptocurrencies to hold.
Cardano is also dropping today, and the market does not look that good. ADA was one of the hardest cryptocurrencies but will soon make a comeback and recover quite well. Note that Cardano traded for the lowest price in a few months last week, and thus the market still remains volatile.
But the upcoming scaling protocol upgrade is giving Cardano coin the shock absorbers it needs right now. The Hydra scaling program, a layer-2 scaling solution, will increase Cardano's number of transactions per second to 1 million. This is what makes Cardano the crypto coin to watch today.
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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.
