4 cryptocurrencies to watch in 2022
Currently the world’s fifth-largest cryptocurrency with a market capitalization exceeding $62 billion, Solana has had a remarkable ascent in 2021. Having entered the year trading at less than $2, it hit an all-time high of $260 in early November, and now trades just north of $200.
SOL is the native token of the Solana blockchain network, and its skyrocketing value likewise reflects Solana’s growing prospects. The blockchain has increasingly gained plaudits for its robust transaction processing speed—with none other than Sam Bankman-Fried, founder and CEO of crypto exchange FTX, recently giving it the advantage over Ethereum. Should Solana continue to grow its presence, SOL holders could find themselves over the moon.
Right behind SOL with a market cap of $55 billion sits Cardano, which also had a meteoric rise in 2021. The token entered the year trading at less than $0.20 and rallied to eclipse $3 by early September—becoming the world’s third-largest cryptocurrency in the process. ADA has also cooled off since its Labor Day heights, and now trades at $1.66.
Cardano is the brainchild of Ethereum co-founder Charles Hoskinson, who left Ethereum after disagreeing with Vitalik Buterin’s designs on keeping that blockchain non-profit. Cardano has made a name in its own right—but with ADA in the midst of a months-long bear streak, 2022 could be a make-or-break year.
TabTrader Token (TTT)
TabTrader has ambitious plans for TabTrader Token, including the possibility of running trading competitions with prizes offered in the native token. Another plan is to allow trade mining, which would allow users to receive a token per each trade they make on the platform.
“The TTT token opens up a lot of possibilities to grow TabTrader in terms of governance, user engagement, and new user acquisition,” Kirill Suslov, co-founder and CEO of TabTrader.
The TTT token will power the platform, and has a multitude of uses: token holders will be able to use TTT for in-app purchases, to pay for transaction fees, and participate in governance.
Contrary to its name, Avalanche has been red-hot this year. At the start of 2021, AVAX was trading at just north of $3; by late November, it hit an all-time high exceeding $146, good enough to surpass Dogecoin and become one of the world’s 10 largest cryptocurrencies. It now trades at more than $116, with a market cap exceeding $26 billion.
AVAX is the native token of the Avalanche blockchain, one of Ethereum’s emerging rivals in the realm of smart contracts. Spurring AVAX’s autumn rally was a new partnership with Deloitte that will see the consulting giant deploy Avalanche to support its work with the Federal Emergency Management Agency (FEMA). With the Deloitte deal giving Avalanche an enviable dose of credibility, 2022 could see the blockchain and its token leverage that foothold to reach new heights.