7 Cryptocurrencies with the Best Growth Potential in 2024
Although cryptocurrencies have been increasing in value ever since they burst onto the scene in 2009, 2021 has been an exceptional year. For instance, El Salvador became the first country to accept Bitcoin as legal tender earlier this year. Likewise, people’s interest in cryptocurrency skyrocketed this year. Other developments also occurred, like Biden’s administration expressing interest in devising new regulations for cryptocurrencies. However, more importantly, we saw Bitcoin and Ethereum reach their all-time highs. As a result, the cryptocurrency market capitalization also exceeded $3 trillion for the first time in recorded history.
After a monumental 2021, cryptocurrencies are set to take over the world in 2022. Although cryptocurrencies can be shaky at times, they continue trending upwards. This phenomenon is likely to remain unchanged for the foreseeable future. As Bitcoin and Ethereum continue to lead the pack into 2022, it has led to some crypto enthusiasts raising interesting questions. One such question is which cryptocurrency will complete the trifecta with Bitcoin and Ethereum?
As a result, we’ve prepared a list of cryptocurrencies we believe have the best growth potential in 2022. Let’s examine them in this blog post.
Various crypto tokens
Cryptocurrencies with the Best Growth Potential in 2022
Here are some cryptocurrencies with the best growth potential in 2022. They include:
Bitcoin
Bitcoin is currently the world’s most popular and valuable cryptocurrency. That’s unlikely to change anytime soon. Many people believe that Bitcoin has hit its peak and will stabilize soon. As a result, they also discount Bitcoin as a viable investment for newer cryptocurrency enthusiasts. However, all the signs point towards Bitcoin continuing its growth trajectory. Assumptions that the cryptocurrency has hit its peak are incorrect. Bitcoin remains in its price discovery phase. As more companies begin to accept Bitcoin, its price will rise. While it’s still unclear if Bitcoin will ever fulfill its transaction purpose, Bitcoin continues to be a popular store of value for many people.
In addition, El Salvador is currently planning to build a Bitcoin City. Therefore, it’s safe to say that Bitcoin has the most support from governments and companies out of all the cryptocurrencies. As a result, Bitcoin will likely continue to prosper in 2022.
A gold Bitcoin replica
Ethereum
Ethereum is the world’s second most valuable cryptocurrency. The cryptocurrency has a market cap of over $480 billion. Moreover, 2021 has been a breakthrough year for Ethereum. The cryptocurrency’s value more than doubled this year. Many cryptocurrency enthusiasts believe it’ll take over Bitcoin in the future. However, the validity of these claims remains to be seen. Regardless, Ethereum has propelled itself into pole position as a cryptocurrency to look out for in 2022. Ethereum’s smart blockchain technology is serving as the foundation for many decentralized applications and technologies. Most experts unanimously agree that Ethereum will cross the $5000 mark in 2022. Some have even forecasted that the currency will reach $10,000 in value by the end of 2022.
Ethereum ornament
Polkadot
Polkadot is another growing cryptocurrency that’s becoming popular with crypto enthusiasts. 2021 has been a monumental year for Polkadot. In many ways, a coming-out party. The cryptocurrency began the year at around $8.3. Since then, it hit a $53.44 peak in November. One of the reasons crypto analysts expect Polkadot to thrive in 2022 is its Web 3.0 blockchain platform. The Web 3.0 blockchain platform enables cross-blockchain transfers of all types of data and assets. In addition, the substrate framework behind Polkadot also enables people to create customized blockchains within minutes. These factors are contributing to the Polkadot network growing exponentially.
Solana
For many years, crypto enthusiasts have touted Solana as the Ethereum killer. The cryptocurrency has grown in leaps and bounds in 2021. It started the year with a single-digit value. However, today, a single Solana token will cost you more than $180. One of the reasons analysts are touting Solana as a high-growth currency is its blockchain. The blockchain network that Solana uses incorporates both proof-of-stake and proof-of-history. In addition, it enables over 2,000 transactions to occur per second. Amazingly, Solana achieves this at an average transaction cost of under a dollar. As a result, many crypto enthusiasts believe Solana will be the first cryptocurrency to fulfill a transactional purpose. As a result, Solana will likely have an exceptional 2022.
Cardano
Cardano is another cryptocurrency gearing up for a breakthrough in 2022. Over the past year, Cardano grew by 669 percent. With a market capitalization of over $55 billion, Cardano has solidified itself as a cryptocurrency to watch. Cardano is a proof-of-stake blockchain platform. However, it distinguishes itself from other cryptocurrencies by being the first one founded on peer-reviewed studies. It’s also an entirely open-source cryptocurrency.
MarketMove
AI-driven contract audits are at the center of MarketMove. MarketMove plans to distinguish between speculative and practical projects. In addition, MarketMove is bringing game-changing features to the crypto world. It will enable traders and investors to use stop-loss orders when buying and selling on decentralized exchanges. MarketMove’s token, MOVE, started with an initial supply of 1 trillion coins. However, 75 percent were burned at the start. The token is also known for its hyper-deflationary nature, making it a worthwhile investment for people focused on the long run.
InSureDeFi
InSureDeFi is the world’s first insurance ecosystem that protects crypto enthusiasts, traders, and investors from fraud and scams. Crypto traders and investors looking to protect their crypto portfolio will have harbored an interest in InSure. To get insurance for your cryptocurrency portfolio, you’ll need to purchase InSure’s SURE token. Then, you can apply for insurance. Once you’ve applied, you’ll need to place the SURE token in a private wallet before your insurance is activated. Typically, the process takes approximately seven days. InSure provides several insurance plans to crypto holders. The beginner plan requires you to purchase 2,500 SURE tokens. In exchange, you receive four months of insurance coverage up to $1,000. InSure also has a diamond plan that involves holding 500,000 SURE tokens. In return, you receive two years of insurance coverage for as much as $140,000.
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