Business, Cryptocurrency

Promising Cryptocurrencies of 2021-2022: What Should You Consider Before Investing


Mohit Kamboj

There are now more than 5,000 types of digital units on the global market, which can now be used in areas ranging from investing to entertainment at or to buying real estate. New blockchain projects regularly appear on the cryptocurrency market, either bringing innovation to the industry or improving existing solutions. In this article, we will discuss the promising cryptocurrencies of 2022 and which coins are worth investing in.

New Promising Top 10 Cryptocurrencies Gaining Popularity

Polkadot (DOT)

Polkadot is a protocol for combining different blockchains to quickly and easily exchange information and transactions between them. It provides an easy way to run decentralized dApps. With this protocol, anyone can create their blockchain and run applications on it. The only condition is that a certain number of DOT tokens must be blocked throughout the chain.

Although not all aspects of the platform have yet been fully tested, many reputable experts and companies have recognized the potential of Polkadot. Compatibility between blockchains will create a single seamless space and make data transfer as easy as possible.

The Polkadot network only launched at the end of 2020, but it has already managed to attract the attention of hundreds of developers of other projects who wanted to join the ecosystem. This trend is likely to continue in 2022. As Polkadot’s popularity grows, so will the price of the DOT token itself, because the token plays a key role in managing the network.

Trust Wallet Token (TWT)

Trust Wallet Token (TWT) is a token issued by a cryptocurrency wallet of the same name. It is part of the Binance ecosystem. Performs several useful functions for users of the application. It allows you to participate in the management of the project, work with collectible tokens, support developers of decentralized applications, and receive discounts on the wallet and decentralized exchange services.

TWT was initially released as a BEP-2 (Binance Chain blockchain) token but later migrated to the Binance Smart Chain blockchain as well, with the BEP-20 standard. Users can exchange one format for another whenever they want, for example through the Binance Chain Wallet. Trust Wallet is an application officially supported by Binance, and since Binance is a leading cryptocurrency exchange with great prospects, the token has chances to grow in demand.

Uniswap (UNI)

Uniswap (UNI) is the token of the most popular decentralized exchange Uniswap. Its main function is to allow users to participate in the management of the exchange by voting for certain changes. Large holders of this cryptocurrency can put their proposals to a general vote. This indicates a good motivation for big players to keep tokens in their wallets. Among other things, the new promising cryptocurrency has a significant place in the now popular decentralized finance (Defi).

Therefore, it can be assumed that the further price of the token will undoubtedly depend on the further development of the decentralized exchange itself and the inflow of new money into Defi projects. There is no doubt that Uniswap will maintain its leadership among other decentralized exchanges and will be able to attract new users in 2022.

The developers of Uniswap acted in the “decentralization” style and gave away more than half of all issued tokens to everyone who used the exchange at least once. In the end, most people got 400 UNI tokens each. Even though many people “ran” to sell their coins, the rate of UNI declined slightly. That is, there was enough demand among buyers.

The Graph (GRT)

The Graph (GRT) – this protocol, which allows processing not indexed data. That is, it helps to get some additional information. This is done by introducing sub-graphs (particles that analyze the data).

For the average user, it is not just a technology indexing, but also an opportunity to earn on it with the help of an internal GRT token. In The Graph network, the work is distributed among indexers, curators, and delegates. Regardless of which role you choose, you still need to interact directly with the project token.

Given the limited supply of GRT coins and the gradual growth of indexers, curators, and delegates, it is a logical assumption that the price of the token will also grow in the long term.

Cardano (ADA)

Cardano is a decentralized platform that allows people to transact across borders and deploy smart contracts and applications (dApps).

It is a third-generation coin that aims to improve scalability, interoperability, and resilience to achieve large-scale blockchain adoption.

Cardano’s development is planned in five phases: Byron, Shelley, Goguen, Basho, and Voltaire, with Goguen planned for this year.

At the beginning of its development, Cardano could only process 10 transactions per second, but now that figure is about 257 transactions per second. Hydra’s scaling will allow it to process more than one million settlement transactions in the future.

Cardano’s native coin is called ADA. It is one of the most efficient and marketable digital assets. Note that ADA has a maximum of 45 billion.

Given its clear development roadmap and high market capitalization, it is worth considering an investment in ADA in 2022. Especially, Cardano provides a safe and secure wallet for storing ADA – Daedalus.

Polygon (MATIC)

The Matic Network project (called Polygon since February 2021) has experienced a big influx of traffic lately. This has been driven by an impressive 3,000 percent jump in the value of MATIC’s token since the beginning of 2021.

Polygon is described as the “Ethereum Blockchain Internet.” It is an easy-to-use platform for scaling Ethereum and developing infrastructure.

Polygon aims to solve some of Ethereum’s major shortcomings: poor user interface (pending transactions), insufficient bandwidth, and lack of community management.

The company has created a Layer 2 network to develop Ethereum-compatible blockchain networks. Its modular structure allows developers to create independent blockchains with customizable functionality. Tier 2 solutions have been gaining popularity lately and are considered critical for the mass adoption of cryptocurrencies.

The MATIC token is currently among the 50 most liquid and largest assets by market capitalization. It ranks 34th in CoinMarketCap’s ranking. Its main competitors are Polkadot (DOT) and Cosmos (Atom).

MATIC remains one of the most promising tokens so far this year. Since the beginning of 2021, the price has soared from $0.018 to a record high of $0.88. A rise of nearly 3,000 percent makes a positive case for investing in this coin.

Solana (SOL)

Solana (SOL) is a native cryptocurrency of the Solana blockchain focused on creating decentralized applications with high scalability. Transaction throughput in the network scales in parallel to the throughput of the network itself by eliminating performance bottlenecks.

SOL token is used for stacking, i.e. it helps to validate transactions and maintain the network and also acts as a passive income tool for the stackers. The dPoS mechanism allows you to delegate your assets to other users and receive a percentage of their earnings.

Chiliz (CHZ)

Chiliz (CHZ) this cryptocurrency is designed for sports and cybersports events. It is interesting precisely because of its uniqueness. Essentially any sports and cybersports organization can create a token for their fans. The tokens of soccer clubs Barcelona, Atletico Madrid, Juventus, and several other organizations, are already traded on the largest exchange Binance. They in turn can be exchanged for some goods of the club paraphernalia.

In addition, users in the application Socios have the opportunity to get free fan-tokens of the club, the price of which can be up to $ 10.

PancakeSwap (CAKE)

PancakeSwap token (CAKE) is one of the main tools used on the decentralized cryptocurrency exchange PancakeSwap. You can do steaking in Syrup Pools, you can farm CAKE by adding liquidity to pools, or you can buy lottery tickets and get chances to win big money.

In addition, you can use this asset to buy tokens for new projects (this will require first getting liquidity tokens by placing funds into the CAKE-BNB pool). CAKE runs on the Binance Smart Chain blockchain, which provides fast and inexpensive transactions.

Travala (AVA)

The most promising cryptocurrency of 2022 is Travala (AVA), which is an online platform for booking flights and hotels. Keep in mind that this is our opinion and only our opinion. This cryptocurrency will be useful for those who want to get a discount on bookings. The more AVA tokens blocked, the bigger the discount will be.

In addition, the team is going to redeem their token on a quarterly basis from the commissions they receive from the platform. This should stimulate the growth of cryptocurrency in the long run.

You can also get regular rewards for holding cryptocurrency in your wallet. The reward for AVA holders is 24% per annum.

Given all the tokenomics listed above, Travala can be called one of the most promising cryptocurrencies of this year.

What to Consider When Choosing a Cryptocurrency for Investment?

If you do not know how to choose a cryptocurrency for investment, consider the following points:

  • Demand – Do users need this or that platform? Can it win the competition among other projects? What role does the token play in the entire ecosystem?
  • Activity – This does not only mean active development of the project but also dynamic work with potential partners, raising new capital, promotion on the Internet, etc. The best way to check the team’s activity is to follow the projects’ social networks on Twitter.
  • Availability – the easier it is to buy a cryptocurrency, the more likely it will be bought. So it is worth spending more time on assets that are traded on more popular exchanges.

Good luck with investing!