People are saying this coin will do 100x, this project is going to do 1000x, but it’s scarce, and you’d have to do some good research to make sure that rumor isn’t a scam. Here are 5 altcoins to buy and do some research now before 2022.
Cardano (ADA)
The first altcoin on the list is Cardano. Cardano has a very significant pullback, there is a big opportunity for 2022. We have had a shift in trend. This is a birth of a new trend. There is a frustration with smart contracts launching but no dApps.
The Plutus Application Backend (PAB) provides the components and environment to help developers interact with smart contracts to create and test DApps, before deploying them to a live production environment. PAB comes on testnet to see some smart contracts with standardization.
When that dApps launch, we can get the transactional volume that requires ADA, and we will see ADA bounce up in price. Now is a good opportunity to buy an outstanding discounted rate.
There will be a very significant push to the upside to take us from an oversold situation to an overbought condition. There will be a new all-time high for Cardano in 2022, and this is a good choice because they’re having a heavy discount on such a powerful protocol. That dApps launch, that transaction volume come in, and the use case of ADA will lead to the expansion in this altcoin price.
ADA chart | Source: Cheeky Crypto
ADA is trading at $1.2 at press time, and it has the potential of raising to 10x. There’s a lot of FOMO activity towards the end of this bull run. Therefore, ADA is going to go much higher potential.
Polygon (MATIC)
The second altcoin to mention is Polygon. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain.
MATIC is issued with scalability and transaction fees on Ethereum. When Ethereum starts spiking up in the new year, you will see more activity, transaction, and volume kicking in on MATIC. That is when MATIC will spike up. It’s trading about $2.7 at press time of the video and $1.8 for now. With so much potential, this coin will take another 10x. Once the latest correction is launched, the more transactional volume will increase, and we will see MATIC’s price pump up.
MATIC Chart | Source: Cheeky Crypto
RIPPLE (XRP)
The third one is Ripple. Ripple is built upon a distributed open-source protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.
In December 2020, there was a lawsuit about unregistered securities dropped against Ripple, which led to a pullback in the price of XRP. That lawsuit is coming to a conclusion, and we will see something actually and materialize from it. Till then, we will see a very significant push to the upside on XRP at the beginning of 2022. We are trading it at $0.7. If Ripple wins the lawsuit, XRP would have the potential raise of 20x. If they lose, they can also have a 10x in price.
XRP Chart | Source: Cheeky Crypto
Vechain (VET)
The next coin is Vechain. VeChain is an enterprise blockchain platform that aims to provide a full view of an organization by disintermediating information from data silos. VeChain also plans to become a leading platform for initial coin offerings (ICOs) and for conducting transactions between Internet of Things (IoT) connected devices.
Vechain is a five-star-rated blockchain service provider. But they are not designed for public use. They are designed for enterprise use only. They have one of the best blockchains with a lot of activity and things built on Vechain. They have a dual token system, a store of value. They have a very steady and predictable platform which is what enterprises need. They have built many applications that are doing well, such as counterfeiting, food traceability and pharmaceutical traceability. With those use cases listed above, VET token will go up.
VET chart | Source: Cheeky Crypto
We have an Elliott wave triangle forming on VET chart. Elliott wave triangle is bouncing between a descending and an ascending trend line. It could be a fantastic opportunity to get in before you see this token spike up massively towards that $1 level again. This is another 10x proposition. Therefore, XRP is a potential token that we could jump into.
Harmony (ONE)
The lasted coin is Harmony. Harmony is a fast and open blockchain for decentralized applications. Its mainnet runs Ethereum applications with 2-second transaction finality and 1000 times lower fees. Harmony is your open platform for assets, collectibles, identity, governance. Our secure bridges offer cross-chain asset transfers with Ethereum, Binance, and 3 other chains.
Harmony one is a fantastic blockchain and does a lot in scalability. It is designed as a layer-2 for the Ethereum ecosystem. They do bridging between not only ethereum but bitcoin and various other chains in the future, and they are massive on decentralized autonomous organizations. They are trying to bring dApps to over a billion people. Harmony is very well positioned, with applications being built on the ecosystem.
ONE Chart | Source: Cheeky Crypto
ONE is trading at about $0.17. This is a 5x proposition, not as much as Vechain or XRP, MATIC or ADA, but still very good. Harmony also helps transact NFTs, so its price will pump its project to adapt to the ecosystem’s requirements.
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