Top 5 Best Cryptos With Huge Potential to Buy in January 2022
2021 is over and 2022 is coming. Let’s check out the top 5 best cryptos with huge potential that worth buying in January 2022.
The first altcoin on the list is Olympus (OHM). Olympus is an algorithmic currency protocol to become a stable crypto-native currency. Though sometimes called an algorithmic stablecoin, Olympus is more akin to a central bank since it uses reserve assets like DAI to manage its price. The goal is to achieve price stability while maintaining a floating market-driven price.
OHM has the power of DAO, and there are lots of staking and yield opportunities. They’ve had some opportunities to get some nice APYs at 528%. It’s definitely worth digging into this project. That’s why it’s top on the list.
OHM Chart | Source: Coinmarketcap
OHM is changing hand at $365.97 at press time. It’s been down 3.85% during the bear market, but OHM can pump up in the near future with its use cases and potentials.
The second project is SingularityDAO (SDAO). SingularityDAO is a decentralized, blockchain-based organization with the main goal of governing DynaSets, diversified baskets of cryptocurrency assets managed by AI. Voting power in SingularityDAO is granted by the SingularityDAO token (SDAO).
SingularityDAO brings the sophisticated risk-management strategies of AI-managed funds to DeFi, using SingularityNET’s superior AI technology. The DAO allows users to vote on proposals using liquid democracy, also known as delegative democracy.
SDAO Chart | Source: Coinmarketcap
In effect, this means users can vote directly on proposals or take a more hands-off approach by delegating their tokens’ voting power to someone else to vote for them. The DAO allows users to vote on proposals using liquid democracy.
Users can yield farming, staking, all sorts of different ways to get involved in and earn passive profits. SDAO has fantastic, strong projects with great teams and great technology, which makes them a huge potential to grow in the near future.
SDAO is trading at $1.57 and its market cap is nearly $47 million.
The next potential altcoin to mention is Ripple (XRP). XRP is now ranking at number 7 by market cap. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger.
While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain but rather the previously mentioned distributed ledger database.
People can set up their own projects, and there are more partnerships even though the lawsuit is happening.
XRP’s price is $0.89, which is down 3.8%. We can buy the dip and sell high to make profits in 2022.
XRP Chart | Source: Coinmarketcap
The next project is Avalanche (AVAX). Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts.
AVAX is now ranking at number 11 because of its fantastic technology and team, low cost, and eco-friendly. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability. Therefore, we can expect lots of the apps to be built on here.
AVAX is changing hand at $112.74, and with the huge potential listed above, we can see AVAX pump in 2022.
AVAX Chart | Source: Coinmarketcap
The fifth and also final project is Harmony (ONE). Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.
ONE is undervalued because it isn’t sponsored in any way and there’s no affiliation. But the DAO that is being set up and some real fundamental shifts positively for Harmony. They are making real progress.
It’s so early for this project and we can expect for ONE’s to grow exponentially in 2022. ONE is now trading at $0.248 and the potential for it to pump is just about the time.
ONE Chart | Source: Coinmarketcap
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