Top 10 Best Crypto Coins with Huge Potential in 2022
2021 started with a bang and ended in a slump. 2022 might be starting in a slump will end with a bang. A lot of coins are back on the correction and there are 10 top projects in the space that are making big moves and deserve to be on this list.
The first one to mention is Bitcoin because institutional adoption is taking off on Coinbase. 2020 Q3, $17 billion was held for institutions. 2021 Q3, $139 billion held for institutions. It’s a 700% increase.
Another reason why Bitcoin will be bullish on cryptocurrency is that Bitcoin exchange outflows see the biggest daily spike since September of 2021. People are buying the dip from every exchange.
Bitcoin is leaving exchanges almost 30,000 Bitcoin leaves major exchanges in a single day as buyers, copy miners in taking Bitcoin supply off the market. Miners are not selling their Bitcoin. They’re holding on to it incredibly long-term bullish.
Ethereum is the second coin to mention, especially Ethereum layer 2. Ethereum 2 deposit contract has surpassed 30 billion in value. The deposit contract allows users to transfer funds from the mainnet to the Beacon Chain, a parallel proof of stake network. Any amount of money going into the Ethereum 2 deposit contract cannot come out in the short term that takes a playoff the market.
Since EIP 1559 went live, there has been a net reduction of 67.7% in new ETH issued with 1.44 million each burnt. The merge which goes live this year is set to reduce issuance by another 80 to 90 percent, depending on the amount of ETH steak this will make ETH net deflationary.
The next project is Uniswap (UNI). Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of DeFi tokens.
Uniswap has just been deployed on Polygon (MATIC). Uniswap v3 is already the highest volume DEX protocol on Polygon on only 45 million TVL.
Polygon (MATIC) has been placed in an excellent position for the upcoming layer 2 wars. MATIC already has liquidity. They already have multiple fiats on and off-ramps. They already have a huge community, funding, and institutional support. 2022 might be the year of layer 2 and Polygon.
Immutable X (IMX) and Gods Unchained (GODS)
The next altcoins to mention are Immutable X (IMX) and Gods Unchained (GODS). Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum.
Gods Unchained is a free-to-play tactical card game that gives players true ownership of their in-game items. Led by the former game director of Magic The Gathering: Arena, the game focuses on competitive play, which means players must strategically outsmart their opponents by building decks that are able to combat a wide variety of tactics.
Now, they are collaborating as Immutable X is securing Gods Unchained to make this game fast, easy, cheap, while still secure on the Ethereum Blockchain.
Tezos (XTZ) is the following altcoin on the list. Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced.
Tezos is doing big things the gap jumps into NFTs on Tezos, with physical apparel perks. The Gap is launching Tezos-based NFT collectibles. Some of the NFTs will include a limited edition physical hoodie. This is a big win for The Gap and a huge win for Tezos.
The next project is Helium (HNT). Helium Network records more than 450,000 hot spots interest. Helium is growing steadily as it is seen as a 5G alternative in the internet of things era.
Helium is a quality VC-backed project, the Helium blockchain is a newer open-source public blockchain created entirely to incentivize the creation of physical and decentralized wireless networks.
Elrond (EGLD) is the next project to mention. Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things.
Truly thrilled has announced Elrond network acquires leading crypto payment provider Utrust. Utrust has integrated EGLD. Utrust was chugging along by itself before this acquisition, it already had ten thousand plus businesses. Those ten thousand plus businesses can accept EGLD as payments settled in fiat via Utrust.
The last one on the list is dYdX. DYDX is a decentralized exchange platform for cryptocurrency margin, trading for assets like Bitcoin, Etherum, Solana, and more. The exchange has rolled out on layer 2 Ethereum for instantly settled and inexpensive trades. In the news as they’ve rolled out their plan, it’s very important to them to be fully decentralized and that’s the way they want to trend.
Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587
- Mega Bitcoin Whale Buys Another 4,118 BTC, Adding Them To Their Crypto Riches
- Top 3 Altcoins To Go Parabolic In The Coming Weeks