2021 was the year of Ethereum and layer 1. 2022 to be a continuation of that but also to be the year of layer 2. Let’s have a look at top 7 best trending altcoins to invest in 2022.
Polygon (MATIC)
Project layer 2 that’s working and seeing incredible metrics 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.
So MATIC makes our list number one for these reasons. MATIC averages three hundred thousand daily active users are sending addresses. Polygon will continue to gain users and continue to build on its momentum in 2022. Polygon is cheap enough to onboard mainstream users
Reason number two is web 3 and smart contracts are just getting started. Web 3 and smart contracts are the future to some extent. Polygon is the preferred chain for web 3 experimentation and its use cases are bringing the mainstream public in seeing unprecedented use on the chains, NFT capable and have flourishing ecosystems.
Decentraland (MANA)
The second altcoin to mention is Decentraland (MANA). Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.
Decentraland, a virtual reality platform built on the Ethereum blockchain plan a metaverse fashion week with catwalk shows, pop-up shops, and after-parties in March. The fashion program will take place from March 24th through 27th the show will allow users to view fashion in a virtual environment and purchase outfits for their online avatars. By these events, this altcoin is gaining huge momentum in 2022.
The SandBox (SAND)
The third candidate on the list is The SandBox. The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of DAO and NFT, the Sandbox creates a decentralized platform for a thriving gaming community.
Four big accounting companies PriceWaterhouseCoopers Hong Kong buys land in The Sandbox. They have purchased virtual land in The Sandbox, an Ethereum based VR and metaverse platform.
The value of the purchase was not disclosed: “This acquisition will create value through innovative business models and introduce new ways to engage with customers and communities,” the PwC announced. Snoop Dogg is still in this project.
Fantom (FTM)
We are seeing layer 1 continue to gain momentum and Fantom (FTM) is proof of that. Fantom is a directed acyclic graph smart contract platform providing DeFi services to developers using its own bespoke consensus algorithm.
Fantom ecosystem is over 200 plus projects. beta is available in iOS App Store and it is fire. There is an expectation for this to be publicly available super user-friendly, great UX UI, and new people coming into the space. They have a big NFT ecosystem. They’re basically doing what Ethereum’s doing except they’re not trying to be Ethereum.
Yeah, the @phantom iOS wallet is ?
Really excited for this to be publicly available. NFTs ?? pic.twitter.com/FQwxpxYFbh
— Ryan Negri (@RyanNegri) December 29, 2021
Ethereum (ETH)
The next altcoin on the list is a big name in cryptocurrency space, Ethereum (ETH). There is no other chain that has more than 18 billion dollars. All other chains combined don’t have more TVL than Ethereum.
The number of non-zero Ethereum addresses hit record highs, above 71 million the explosion and popularity of NFTs. This makes ETH a strong coin that is undefeatable.
Bitcoin (BTC)
The next coin is a legend, Bitcoin (BTC). Bitcoin is still of great value to the world. On-chain metrics are going great, Bitcoin wallet addresses created in November inched towards 1 million retail.
Bitcoin wallet addresses shot up by almost 1 million in November and Bitcoin will stay number one as a legend and can’t be changed by any other coins.
Aave (AAVE)
The last altcoin on the list is Aave (AAVE). Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Centrifuge announces Real World Asset (RWA) markets on Aave so users can borrow and land your crypto with real-world assets. The RWA market is intended to enable users to earn yield against non-crypto assets.
Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587
Read more:
- Top 6 Most Profitable Altcoins to Pick While The Market is Still
- Top 3 Undervalued Altcoins That Have Massive Potential to Boom in 2022