Market

Predict 3 cryptocurrencies by 2022

According to Matt Hougan, chief investment officer at Bitwise Asset Management, investors are starting to prefer crypto assets other than Bitcoin.

The following article presents 3 cryptocurrencies from 2022.

Cryptocurrency from 2022- Solona

Prediction of 3 cryptocurrencies by 2022

In an interview with Bloomberg Technology’s Emily Chang, Hougan sounded optimistic about Ethereum, Polygon, and Solana.

According to Hougan, investors are now looking to more than just Bitcoin:

“There are many investors who entered the market with Bitcoin in 2020 and 2021 and are now discovering that crypto is not just about Bitcoin. Next year, other projects could be a big story. Cryptocurrencies will be decentralized finance (DeFi), non-convertible tokens (NFTs), crypto will be Web 3.0, crypto will be the metaverse base. These are estimates from investors. “

The CEO said if he had to choose between Bitcoin and Ethereum, he would choose Ethereum, the second largest cryptocurrency by market capitalization:

“I think the asset of the year is Ethereum. I love all of my children equally, but if I had to choose, I would choose Ethereum. It meets my expectations for future performance. Blockchain is currently going through a lot of activity. “

The native token of the Ethereum network, Ether, is an open source decentralized blockchain system and the majority of decentralized smart contracts run on Ethereum.

Cryptocurrency of 2022- Ethereum

Ethereum’s vision is to be a decentralized application platform that enables users from all over the world to write and run censorship, fraud and anti-interruption software.

According to Matt Hougan, there is potential for an explosion in activity around Ethereum and other Tier 1 solutions.

Cryptocurrency will explode in 2022 – Solona

Solana facilitates the creation of decentralized applications (DApps). The introduction of the proof-of-stake consensus in combination with the proof-of-stake consensus on which the blockchain is based improves scalability.

Both small and institutional traders are drawn to Solana’s hybrid consensus model because of its innovative characteristics.

New investors are now exploring cryptocurrencies other than Bitcoin

Cryptocurrency from 2022- polygon

Another project that Hougan is focusing on, Polygon (formerly known as Matic Network), is a platform that, as a second tier, offers scalability based on the Ethereum infrastructure. The Polygon SDK is the core of the system, a flexible, modular framework that you can use to build a wide variety of applications.

With Polygon, Ethereum is effectively transformed into a multi-chain network (also known as an internet blockchain). With the security, dynamic ecosystem and openness of Ethereum, this multi-chain system can be used by Polkadot, Cosmos, Avalanche etc. including such projects.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.