The race for the top cryptocurrencies of 2022 is starting, and already, some coins are proving a force to reckon with this year. This projection is based on developments that their roadmaps are promising. Here are the top 6 cryptocurrencies of 2022 to watch:
1. Bitcoin
There is no doubt that investing in Bitcoin almost guarantees some good returns in 2022. Bitcoin is currently the largest cryptocurrency based on market value. This shows investors have confidence in this coin. There is much that is coming up from the team behind this project that will continue making Bitcoin the biggest cryptocurrency.
Apart from the network improvements, there is a lot of development that will make Bitcoin big. The acceptance of the BTC coin by more governments might be happening in 2022, and this will increase the coin utility.
It is expected that more people will be buying Bitcoin to just hold as a store of value. This means the demand for cryptocurrencies will continue to grow going forward.
2. Ethereum (ETH)
Ethereum is the second-largest cryptocurrency based on market capitalization. It has been holding this position for a very long time, and the upcoming developments will consolidate its place in the industry further. The team is upgrading the Ethereum 1.0 protocol to make the network more efficient and compete among others like Oasis Network.
Oasis Network, a layer 1 blockchain, offers better privacy, speed, scalability, and lowest fees than Ethereum. The upgrade, which is now in the second phase, will include migration to PoS and the introduction of shard chain technology.
These two techniques will address most of the problems in Eth 1.0 and make Ethereum a powerful blockchain. The cryptocurrency will be bigger with completing the third phase of the Eth2 protocol upgrade. The team is also adding more utility to the network.
3. Binance Coin (BNB)
The rise of the Binance coin was inevitable as the demand for the Binance blockchain skyrocketed in the last few years. The cheaper fee, security, and fast transactions are two major factors making the network popular with both traders and developers. BNB coin was ranking #4 in terms of market value at the time of this writing.
Binance exchange has become the largest cryptocurrency exchange in terms of the volume of tokens traded daily. The number of developers using the Binance Smart Chain has also increased tremendously in the last few years. This can be seen from the thousands of bep20 tokens in the market.
Binance coin will continue growing biggest as the demand for its blockchain is growing every day. It is the top cryptocurrency to watch.
4. Bitgert (BRISE)
Bitgert (BRISE) might be the next big thing in the cryptocurrency industry. The project, though very young, having launched at the end of July 2021, has shown impressive growth signs and, more so, the huge utility it offers. In just 5 months of the launch, the Bitgert team has accomplished.
The Brise dApp wallet and staking process have already been launched in the first 5 months. But it is the upcoming products in the Bitgert 2022 roadmap that might make it among the top cryptocurrencies. The team is in the process of developing and launching the Brise exchange.
But the most exciting development is the Bitgert zero gas fee blockchain that is in the development stage. This will be a game-changer blockchain because there is no other zero gas fee blockchain in the industry. Therefore, Bitgert is a cryptocurrency to watch.
5. Centcex (CENX)
Among the new cryptocurrencies with a massive potential to top the market is Centcex. The blockchain project is supporting the development of decentralized applications that are more secure and user-friendly. Though the project launched mid-November, the Centcex team has already started developing products.
The Centcex exchange is definitely one of the biggest products to watch. The exchange addresses the problems of speed, security, and transaction fees. It will also be a no-KYC exchange, which is what most users are looking for.
The Centcex staking has an attractive rewarding system where 100% APY of the generated revenue is shared among staked tokens. The Centcex lab also ensures the utility of the token by developing unlimited products. This is, therefore, one of the cryptocurrencies to watch.
6. Ripple (XRP)
Ripple (XRP is another top cryptocurrency to watch in 2022. It is one of the oldest cryptocurrencies, having been launched back in 2012. Ripple is one of the first decentralized systems and has successfully helped to decentralize the financial industry. At the time of this writing, the monetary payment system has assisted in transactions of billions worth of XRP.
At the time of this writing, Ripple XRP was ranking #8 in the list of largest cryptocurrencies in terms of market value. As a DeFi project and one of the largest payment systems, this is one of the cryptocurrencies to watch in 2022. The Ripple team has put out an impressive 2022 roadmap that will see Ripple XRP currency gain more adoption in the market.
These are some of the top cryptocurrencies to watch in 2022. However, the market is super volatile, and things change very fast. Therefore, investment informed by research is highly recommended.