Name 10 coins with many interesting and extremely attractive developments in 2022
Throughout 2021 there has been a steady growth in new users and active wallets in the crypto market. Many people are starting to pay more attention to the market, but how do they know when to invest in the asset?
Is the uptrend over or will 2022 bring more impressive profits than 2021? Which tokens will benefit the most in the next year? Let’s answer these questions below.
Potential coins, arranged in the following order:
- 10. Axie Infinity (AXS)
- 9. Theta network (THETA)
- 8.THOR CHAIN ​​(RUNE)
- 7. Bitcoin (BTC)
- 6th star (XLM)
- 5. Elrond (EGLD)
- 4. Solana (SOL)
- 3. Binance Coin (BNB)
- 2. Cosmos (ATOM)
- 1. Ethereum (ETH)
- 2022 could be a strong year for crypto growth
A methodology with three specific criteria is used to determine the placements for these coins. This is done to provide the basis and rationale for our ranking.
The criteria for the methodology are as follows:
Market Capitalization – Selected cryptocurrencies will be among the TOP 100 cryptocurrencies by market capitalization. This is done in order to eliminate potentially high risk projects in the crypto industry.
Growth Rate in 2021 – Cryptocurrencies that have performed well in history often keep rising into the future. As a result, the selected cryptocurrencies will show excellent growth rates measured from the beginning of the year.
Graphical outlook and events for 2022 – This is a rather arbitrary criterion as chart values ​​and the meaning of events are more subjective. Therefore, this criterion should be viewed as an argued personal opinion rather than a fact.
10. Axie Infinity (AXS)
- Price: $ 102.77
- Market Cap: $ 6.28 billion
- Market capitalization: # 27
AXS is the native token of the NFT game “Axie Infinity”. The play-to-earn ecosystem is one of the most exciting developments of 2021 and is generating a lot of interest in Southeast Asia.
One of the games that has benefited the most from this wave is Axie Infinity, which has reached 3 million community members. Axie is a turn-based tactical combat strategy game in which the user fights 3v3 with other users using Pokemon-like creatures known as “Axies”.
The AXS token is used to control the protocol and generate more axes. The year 2022 will also bring many new developments, such as “Land gameplay“,” Battles v2 “and the release of the alpha version of the game.
In early 2021, AXS was trading at $ 0.50. It became the phenomenon of the year, rising 33,118% to an all-time high of $ 166.09 on November 4th.
Although the token has fallen since then, there are strong levels of support just below its current price of $ 83.7 and $ 64.4, respectively. Any of these zones could help contain the downward movement.
Weekly AXS / USDT chart | Source: TradingView
9. Theta network (THETA)
- Price: $ 4.39
- Market Cap: $ 4.4 billion
- Market capitalization: # 40
THETA is a blockchain that focuses on video streaming. It acts as a decentralized network where users can share computer resources. Its native token THETA is mainly used for governance matters.
THETA was created to reward viewers with high quality streaming services. In addition, the aim is to improve the revenue for content creators. And finally, the cost reduction for streaming platforms.
A very interesting development will take place on February 1st with the launch TDROP. This is a new token used to reward validators through NFT liquidity mining.
At the beginning of the year, THETA was trading at $ 1.76. The year-on-year growth is enormous, albeit significantly less than that of AXS.
THETA rebounded 800% in 98 days, hitting a new all-time high of $ 15.88 in April, but the token has fallen since then. As a result, the trend is in a downtrend for most of the year.
Despite this decline, there is a very strong support area at $ 3.41. Here the downward movement can be stopped and the price recovered.
Weekly THETA / USDT chart | Source: TradingView
8.THOR CHAIN ​​(RUNE)
- Price: $ 6.96
- Market Cap: $ 1.78 billion
- Market capitalization: # 70
THORChain is a decentralized cross-chain liquidity protocol that enables users to exchange various crypto assets in a decentralized environment. In simpler terms, it acts as a bridge that enables the exchange between different blockchains.
Mainnet A new version of THORChain will be released in the second quarter of 2022.
Although RUNE rallied significantly earlier in the year, hitting a new all-time high of $ 21.29 on May 21, it has fallen since then.
However, it is trying to hold above the $ 4.80 horizontal support area that has been in place since March.
Weekly RUNE / USDT chart | Source: TradingView
7. Bitcoin (BTC)
- Price: $ 48,670
- Market Cap: $ 916 billion
- Market capitalization: # 1
Bitcoin really doesn’t need an introduction as it is the first cryptocurrency created by Satoshi Nakamoto in 2009. It’s a decentralized ledger that allows users to send money to each other without the need for an intermediary.
Institutions made significant investments in BTC in 2021, led by Michael Saylor and MicroStrategy. Therefore, if the same continues through 2022, BTC will likely continue to function as one of the most profitable assets in history.
BTC is less volatile compared to other coins. Its price action is slightly different from the one analyzed as BTC hit a new all-time high on November 10 instead of May, the all-time high marking a 142% increase since it opened each year.
BTC is still holding above the 0.618 fib retracement support at $ 44,200 and could hit a higher low soon.
Weekly BTC / USDT Chart | Source: TradingView
6th star (XLM)
- Price: $ 0.267
- Market Cap: $ 6.83 billion
- Market capitalization: # 26
XLM is the native token of the Stellar platform. Originally based on the Ripple Protocol, it was created in June 2016 by Jed McCaleb, who recently left the Ripple Protocol.
Their goal is to increase remittances in areas without financial institutions. In addition, it helps companies connect with each other through the use of its technology.
It’s also known for its low fees with a fixed .0001 XLM. Hence, it is great for sending money.
XLM holders will receive a batch on January 15, 2022 Air drop AQUA token.
XLM’s price movement doesn’t look bullish like the coins analyzed above. The token hit an all-time high of $ 0.56 on May 19, but has since fallen and is now only 110% above its year-to-date price.
However, there is very strong support at $ 0.22, an area that could help the price reverse the downtrend.
Weekly XLM / USDT chart | Source: TradingView
5. Elrond (EGLD)
- Price: $ 297.75
- Market Cap: $ 5.9 billion
- Market capitalization: # 28
Elrond is a protocol that, through its sharding mechanism, called., Offers exceptionally fast transaction speeds adaptive state sharding. This mechanism combines the benefits of three different types of sharding to improve communication between them.
The ecosystem includes the Internet of Things (IOT), decentralized finance and fintech. Its smart contract platform can execute 15,000 transactions per second at a cost of just $ 0.001.
boss fourth stage staking and on-chain governance will be introduced in the second quarter of 2022.
EGLD saw gains of nearly 1600% in 2021, leading to a new all-time high of $ 544 on Nov 23, which could be a strong support right now.
Daily EGLD / USDT chart | Source: TradingView
4. Solana (SOL)
- Price: $ 185
- Market Cap: $ 56.9 billion
- Market capitalization: # 5
Solana known as the world’s first web-scale blockchain, a powerful open source, offers decentralized financial solutions (Defi). The creation of decentralized applications (DApps) becomes easier with the Solana protocol.
Solana helps improve the scalability of the blockchain without sacrificing security or losing its decentralization. Solana (SOL) uses Proof of History in combination with Proof of Stake instead of going for a sharding solution like Elrond.
One of the goals of the project is to support decentralized funding without compromising its security or decentralization.
There is also a Solana-based NFT marketplace on several exchanges, particularly FTX. This will allow users to coin and trade NFTs based on the Solana blockchain.
SOL is up 13,806% year-to-date, creating a new all-time high of $ 259.9 on November 4th.
Although the price has since fallen and fell below the ascending support line, it bounced off the $ 150 horizontal support area.
Daily SOL / USDT chart | Source: TradingView
3. Binance Coin (BNB)
- Price: $ 540
- Market Cap: $ 93.1 billion
- Market capitalization: # 3
Binance Coin (BNB) is the native token of the largest cryptocurrency exchange in the world, Binance.
Binance has grown from an exchange to a powerful empire, consisting of: Binance Smart Chain, Binance Academy and a project research center.
Founder Changpeng Zhao (CZ) is one of the biggest influencing factors in the crypto industry and is well known around the world.
The NBB rebounded rapidly in the first half of the year, hitting an all-time high of $ 691.8 on May 10.
It is currently trading within a descending parallel channel, having bounced back from the USD 525 support area and is currently only 32% below its all-time high.
Daily BNB / USDT chart | Source: TradingView
2. Cosmos (ATOM)
- Price: $ 23.09
- Capital city…