1. Home
  2. »
  3. Trading Knowledge
  4. »
  5. Top Cryptocurrency Startups to...

Top Cryptocurrency Startups to Keep An Eye On in 2022

Top Cryptocurrency Startups to Keep An Eye On in 2022, FP Markets

In the last few years, Crypto trading has had a huge ride, but the ride was anything but smooth. However, it seems that in 2022, due to the pandemic period, Cryptocurrencies are here to stay. As the crypto market continues to expand over the years, competitors are giving Bitcoin a run for its money. Although Bitcoin remains the most dominant cryptocurrency, other crypto-assets could definitely be added to your digital wallet.

Ethereum (ETH)

Ethereum (ETH) takes the top spot as it has been the cornerstone of thousands of crypto projects, providing the nutrition they need to help them grow. According to Crytonic.com[1], ETH has shown significant growth in the first days of 2022 with an average price of USD 3385 until the end of January, while by the end of 2022, Crytonic.com predicts ETH to hit USD 5524.

Top Cryptocurrency Startups to Keep An Eye On in 2022, FP Markets

Solana (SOL)

Launched in 2017, Solana is one of the best-performing cryptocurrencies for 2022[2] and has become a hot topic among analysts.

In 2021, Bloomberg journalist Joanna Ossinger described Solana as “a potential long-term rival for Ethereum, citing superior transaction speeds and lower associated costs”[3]. According to metrics, it has grown more than 15,000 percent on a year-to-date basis and this digital currency has shocked many with its amazing growth, making it one of the most wanted digital assets among crypto investors.

Cardano (ADA)

Cardano was created by one of the co-founders of Ethereum in 2015. It uses a PoS protocol, making it faster and more efficient than Bitcoin. While it can process around 250 transactions per second, its upcoming Hydra upgrade could help it reach up to 1 million transactions per second. Meanwhile, Cardano uses a review system to improve security. Before any new features or updates are ready to be rolled out, they must be approved. This should make Cardano much safer and less prone to any attacks.

Overall, Cardano differs from other cryptocurrencies in several ways, but if it succeeds, could lead to great results. While it has experienced huge growth over the past year, its peer-review system could make it slower to adapt soon as the market continues to scale.

Top Cryptocurrency Startups to Keep An Eye On in 2022, FP Markets

Dogecoin

With the influence of the CEO of Tesla and SpaceX, Elon Musk, Dogecoin, showed significant growth in 2021. Furthermore, Musk, announced in December 2021 that Tesla adopted Dogecoin as one of the payment options. Besides Tesla, other companies are also interested in this fast-growing dog-themed meme coin. For example, AMC Theatre, one of the prominent theatres with the most significant number of branches, indicated its acceptance of DOGE as a new payment method, but as Neil Patel mentions in his article on Motley Fool “maybe these moves appear to be nothing more than publicity stunts”.  However, it’s worth mentioning that Dogecoin skyrocketed almost 12,000% from the start of 2021 to its all-time high on May 8, and 2022 looks to be a brilliant year to gain more value.

Polkadot

Polkadot is gaining more and more interest from investors because it is more interactive than other cryptos. Developers can link blockchains to the Polkadot system and create entirely new blockchain technologies. When it comes to Bitcoin and Ethereum, “investors often have to buy fractions of coins based on their value. Polkadot, which currently trades at USD 27.63, is more affordable, making it a more enticing purchase” [4].

If you are the kind of person who likes taking risks, your investment with Polkadot could pay off in the near future. While Polkadot has many projects in the pipeline, it will take some time to see true success. But the good news is that it already has a huge value in exchanges, making it a cryptocurrency that is worth watching this year.

BITCOIN:

The King of cryptos is still in power because of its desirable market dominance and continued importance. Developed in 2009 by the pseudonymous Satoshi Nakamoto, in November 2021, Bitcoin reached its all-time high of USD 69,000. Predictions are hard to be made with any degree of certainty; some analysts are arguing that the price of Bitcoin will achieve USD 100,000 by the middle of 2022 [5].

Many of the biggest digital assets look like reasonable investment vehicles for new investors to get started. In many cases, these digital coins have already built proven ecosystems, which should improve their prospects of being excellent long-term investments.

 

References:

[1] www.cryptonic.com
[2] www.forbes.com
[3] www.bloomberg.com
[4] https://www.gobankingrates.com
[5] www.fortune.com
  • Top Cryptocurrency Startups to Keep An Eye On in 2022, FP Markets
    • Articles
    • Views
    AUTHOR

    FP Markets

    FP Markets is an Australian regulated broker established in 2005 offering access to Derivatives across Forex, Indices, Commodities, Stocks & Cryptocurrencies on consistently tighter spreads in unparalleled trading conditions. FP Markets combines state-of-the-art technology with a huge selection of financial instruments to create a genuine broker destination for all types of traders.

    PROFILE