2022-1-3 18:27 |
Altcoins did well in 2021 as cryptocurrencies went mainstream. While the Bitcoin price rose by less than 150% in 2021, most altcoins like Terra, Solana, and Shiba Inu jumped by more than 1,000%. There is a likelihood that this trend will continue in 2022. Here are the three key altcoins to watch in 2022.
AvalancheAvalanche (AVAX/USD) is a relatively new blockchain project that was built to be an alternative to Ethereum. It is a proof-of-stake platform that is usually faster than Ethereum and other proof-of-work networks.
Avalanche has seen strong growth in the past few years. It has become a favourite Decentralized Finance (DeFi) platform whose apps have a total value locked (TVL) of more than $11.7 billion.
This makes it the fourth-biggest platform in the world after Ethereum, Terra, and Binance Smart Chain (BSc). Some of the biggest DeFi platforms built in Avalanche are Aave, Trader Joe. Benqi, and Curve. Five of its biggest apps have a TVL of more than $1 billion.
The Avalanche price jumped by almost 3,000% in 2021 as investors cheered the growth of its ecosystem. There is a possibility that the AVAX price will keep growing in 2022 as more people embrace the technology.
CosmosCosmos (ATOM/USD) is a popular blockchain project that is known for its Inter-Blockchain Communication (IBC) protocol. This protocol helps to bridge the communication of blockchain projects, which often operate in a siloed environment.
Today, there are more than 260 apps inside the Cosmos ecosystem. These networks have more than $170 billion in digital assets under management. Some of the most popular platforms that are in the Cosmos ecosystem are the Binance Coin, KuCoin Token, and Terra.
The Cosmos price rose by more than 700% in 2021 and there is a likelihood that it will keep growing in 2022 as more developers embrace the platform.
FantomFantom (FTM/USD) is another Ethereum-killer that has become relatively popular in the past few months. It is a platform that has more than 100 decentralized finance (DeFi) applications that have a total value locked (TVL) of more than $6.6 billion. Some of the best-known apps in the platform are Multichain, Tomb Finance, SpokySwap, and Geist Finance that have a TVL of more than $1 billion each.
The Fantom price rose by more than 15,000% in 2021 as the demand for Ethereum-killers continued rising. The coin’s price will likely do well in 2022 as more investors and developers embrace the network.
The post Top 3 altcoins that could skyrocket in 2022 appeared first on Invezz.
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