Experts believe that these 5 cryptocurrencies have a big upside potential, which makes them attractive to invest in, in 2022
The alternative cryptocurrencies (altcoins) are among the cryptocurrencies invest in, in 2022. According to the experts, the altcoins that accept smart contracts and DeFi apps and nonfungible tokens (NFT) have many possibilities for appreciating their value in 2022.
Up to now, this sector has been dominated by Ethereum. However, this cryptocurrency has had a resounding drop in its value. So, the scenario points out that increasingly more investors, institutional or not, are looking for options in other altcoins.
According to CoinShares’ data, in the last few weeks, institutional investors have invested millions of dollars in buying recently created altcoins, like Cosmos (ATOM) and Terra (LUNA). All of these alternative cryptocurrencies support smart contracts and aim at becoming viable alternatives to Ethereum.
Cosmos
Not just a few analysts feel that Cosmos could arrive at being the most valued cryptocurrency in 2022. The price of its token, called ATOM, has continued to increase, since Morgan Creek Capital Management has pointed out that this altcoin has the capability of resisting a plummet of the cryptocurrency market this year.
BNB
The Binance Coin has also aroused a serious interest for investors. Specialists in the crypto market feel that, from the momentum of its investors, The value of BNB could exceed 660 dollars and expand until it reaches 1,000 dollars.
DOGE
This “memecoin” could stand out in 2022, several experts admit. These days, the 1,000 most important wallets of the Binance Smart Chain blockchain have made massive investments in this cryptocurrency recently.
TERRA
This cryptocurrency runs on the Terra blockchain. The holders of its token, called LUNA, can present proposals and vote for these modifications to be applied to the blockchain.
Currently, Terra’s capitalization exceeds 30,000 million dollars. The LUNA token is available in various exchanges, like KuCoin, Binance and Hotbit.
CARDANO
The Cardano blockchain is very attractive, because decentralized apps (dApps) can be developed and smart contracts can be created on it, similarly to Ethereum. The Cardano market capitalization exceeds 44,000 million dollars. Its native token, ADA, is available on exchanges like BitMart, Binance and Hotbit.
Risk warnings
The views and opinions expressed are the views of Crypto Currency 10 and are subject to change based on market and other conditions. The information provided does not constitute investment advice and it should not be relied on as such. All material(s) have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.
Changes in rates of exchange may have an adverse effect on the value, price or income of an investment.
Past performance is no guarantee of future results and the value of such investments and their strategies may fall as well as rise.
