Each month, new cryptocurrencies are released to the digital world for potential buyers to invest in. Cryptocurrencies offer incredible money-making opportunities and are a way for investors to generate additional income.
However, for anyone planning to invest in cryptocurrency, it’s important to know which cryptocurrencies are on the rise and which will most likely die out fairly quickly. That way, they can try to maximize their return on investment, and/or mitigate their losses.
Here are a few of the top cryptocurrencies that are expected to succeed in 2022.
Investors getting started with cryptocurrency in 2022 should have Arcane on their radar.
Arcane is a cryptocurrency that was released in November 2021. Despite its relative newness to the scene, it was able to rise to a market cap of more than $1.3 million in just one month.
What’s interesting about Arcane is that most cryptocurrencies tend to peak upon release and then fizzle out. Arcane, like other digital currencies, peaked during its initial release but has managed to maintain its own as the hype wore down.
On top of that, this platform focuses on DeFi projects and is applying for equity on the OTCQB, a mid-tier market. If Arcane’s efforts are successful, it could see huge increases in its value in 2022, making it a potentially great speculative investment opportunity.
Chiliz coin, which is traded as CHZ, is another relatively young cryptocurrency. CHZ launched in October 2018 and made gains of 170 percent in October 2021 after launching live in-game NFTs.
Currently, CHZ has a market cap of $2.6 billion and is traded at a volume of roughly $317 million in a 24-hour period. Its current position of 67 out of all cryptocurrencies currently trading puts it in a solid spot for continued growth.
On top of that, CHZ is the first tokenized sports exchange. That means it’s become extremely popular with sports fans around the world, offering a novel idea with a future that could go beyond expectations.
No list of trending cryptocurrencies would be complete without Ethereum. Ethereum is both the second most popular and most valuable cryptocurrency on the market.
Ethereum, traded as ETH, saw drastic increases in 2021, when its value increased by nearly 800 percent. Trading at almost $30 billion in 24 hours, Ethereum has a market cap of $562 billion that is continually on the rise.
Outside of the incredible financial figures, ETH is currently in the process of updating its original blockchain to provide more environmentally friendly and efficient transactions, thus making it a potentially solid investment option for anyone wanting to make socially responsible investments. Investors and speculators should note that ETH has risen from a low of $125 and a $12.5 billion market cap in March of 2020, to the $3750 and $443 billion market cap level only 21 months later, so a lot of good news and expectations are already built into ETHs price, and various competitors are gunning for ETH at this time.
Theta is an exciting token that started trading in 2019. Theta (THETA) is a blockchain powered network purpose-built for video streaming. The Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer ( P2P) basis. The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
With demand for streaming growing rapidly around the world, developers say that the project aims to shake up the video streaming industry in its current form — which includes centralization, poor infrastructure and high costs that mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users. Theta is currently valued at approximately $4.75 billion, and is now in the top 40 in terms of market cap. If Theta even partially solves the “loading…loading…loading…” problems that everyone who uses any video platform has experienced frequently, it could see explosive upside from current levels.
Elrond first entered the crypto scene back in September 2020 and has experienced fluctuations ever since. However, 2021 was a positive year for the currency. It reached an all-time high in November 2021, trading at $492.
While its value has dropped slightly in the following weeks, Elrond is still holding its own in the market. It currently has a 24-hour trading volume that sits at close to $300 million and a market cap of about $7.7 billion.
Experts predict that Elrond will continue to grow and could even rise above its current position in crypto rankings. Several crypto wallets and investment apps are also offering rewards in the form of Elrond, helping to boost its value and keep the currency on the rise.
SOL, or Solana, is a cryptocurrency that’s giving Bitcoin and Ethereum a run for their money. This currency has a 24-hour trading volume of $1.9 billion and its market cap is over $54 billion.
Those numbers don’t seem like they’ll be being capped anytime soon, either. After its sudden drop in November 2021, SOL rebounded and is expected to climb high into 2022.
The currency’s long time on the market also helps it maintain a steady value, making it a strong competitor for other hot cryptocurrencies.
Terra is a cryptocurrency whose coin is better known as LUNA. Released in early 2019. LUNA is currently trading at $23.5 billion in a 24-hour volume and has a market cap of more than $52 billion.
LUNA has seen some pretty incredible jumps, once nearly doubling its value in a week. While there’s no telling whether that trend will continue, the outlook is good for 2022. On top of that, several crypto exchanges have chosen to adopt LUNA. This type of expansion and diversification means that it could see some promising growth and provide great investment opportunities in 2022