There are many coins that have a great ending in 2021 and they’re gearing up to have a massive 2022. Let’s check out top 6 altcoins that are making big moves with great momentum in 2022.
Solana (SOL)
The first candidate with great momentum is Solana (SOL). Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide DeFi solutions.
Solana’s Phantom wallet is their most popular hot wallet with the growth of over 1.8 million monthly active users in nine months.
Solana is highly regarded in the blockchain community because of its speed and security. Since it uses proof-of-history, it’s also eco-friendly, which makes SOL become a very attractive cryptocurrency in 2021.
Staking Phantom was undergoing beta testing in April 2021 and saw a 4400% increase from 40,000 users in July to 1.8 million users in December.
Polkadot (DOT)
The second altcoin to mention is Polkadot (DOT). Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Last year, Polkadot has just started rolling out Parachains, the final launch phase for its multi-chain. Auctions and crowd loans on Polkadot differ drastically from things like ICOs, IEOs, IDOs since holders are not compelled to transfer control of their DOT in exchange for the project’s tokens.
It incentivizes hundreds of thousands of supporters to become active users in the ecosystem as it’s in their best interest. That’s why DOT is gearing up for a big 2022.
Cardano (ADA)
The third candidate is a big name in crypto, Cardano (ADA). Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change.
Cardano was the most-developed crypto on Github in 2021.
?https://t.co/DHawsyNScV pic.twitter.com/eutw9A1zWE— Shawn A3C Cardano Pool ?? ?? (@ShawnA3C) January 1, 2022
In total development activity in 2021, Cardano is at the top of the list. Cardano’s ecosystem is growing by leaps and bounds every day.
Polygon (MATIC)
The next to mention is Polygon (MATIC). Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Dear @0xPolygon fam, in 2021 we achieved a lot. ?
– 100M+ wallets
– 3k+ apps
– 1B+ txs
– 6 new solutions (SDK, Avail, Hermez, Nightfall, Miden, Zero)
– Top Web3 names (Uniswap, Aave, OpenSea..)
– Big brands (D&G, NFL, Macy’s..)Happy New Year, let’s keep the magic going! ??
— Mihailo Bjelic ? (@MihailoBjelic) January 1, 2022
They have achieved a lot in 2021 with more than 100 million wallets, 3,000 plus apps, more than one billion transactions, six new scaling solutions and integrations, top web three names, big brands like D&G, NFL, Macy’s… All bridging and coming over to MATIC.
Chainlink (LINK)
The next altcoin that has different metric growth is Chainlink (LINK). Chainlink is a blockchain abstraction layer that enables universally connected smart contracts.
Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
It has exponential growth to over 75 billion total value secured, over 1,000 ends of year integrations, and much more. They have three major initiatives for Chainlink in 2022 the release of CCIP, release of link staking, and abstraction layer for enterprises.
The big one out of those three is the staking because staking and staking rewards are making it possible, creating a certain level of profitability for some of the oracle networks.
1/ The three major initiatives for #Chainlink in 2022
? Release of CCIP
? Release of $LINK staking
?️ Abstraction layer for enterprisesThis is going to be an absolutely monumental yearhttps://t.co/DF3OjdFLOO pic.twitter.com/pDrUt0A4hh
— ChainLinkGod.eth 2.0 (@ChainLinkGod) January 1, 2022
Aave (AAVE)
The last altcoin on the list is Aave. Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Recently, the protocol’s genesis team launched a cross-chain governance bridge. This will help the protocol be governed across multiple networks from the mainnet governance.
The Aave community is working on enabling gasless voting and making governance inclusive for users on the network. This is a big momentum for Aave next year.
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