2021, It was a year that had seen an explosion of many cryptocurrencies by the adoption of digital coins, dynamic mining, and by an investment of individuals and institutions for sure.
Talking about Bitcoin, as the first electronic coin and the 1st ranked, which undeniably remains the biggest cryptocurrency representing 40% of its capitalization of the market. It has registered a high record last year ( reached an all-time high of over $68,000 in November 2021 after starting the year at just under $30,000 ) and also this year is likely to reach $100K USD.
According to Forbes, Bitcoin's price will be $250k USD by 2025. But this matter takes years. In addition, many countries are officially adopting Bitcoin as Legal Tender presently. El Salvador last month, became the first country in the world which adopt Bitcoin as legal tender. The president announced that many citizens have run to exchange BTC by Dollar currency. Therefore, many countries may follow El Salvador.
However, Bitcoin was far from the best performing crypto last year, as secondary several altcoins which were booming indeed.
In this article, I will highlight 5 Cryptocurrencies other than Bitcoin and altcoins that you probably add to your investment trading either to hold or buy them these days.
ETHEREUM
ETH is a decentralized open-source blockchain with smart contract functionality. It is very popular and comes 2nd directly after Bitcoin. Ethereum's price today is $3,258 USD with a market cap of $388 billion.
But most importantly, ETH 2.0 Launch may change everything. Also, it remains the preferred network for many crypto projects and plus to the Defi and NFT. For instance, more than 90% of NFT transactions take place on the ETH.
What is more, to know about ETH is; likely will jump to $7,500 by the end of this year according to much recent research.
SOLANA
SOL is a public blockchain platform that was listed on the market in April 2020 with a value price equaled $0.83. Last year in November, Solana reached $258 with around $78 billion of the market cap. While today is equaling $149 with $46 billion of the market cap.
Solana has many advantages that make it a very special digital coin including low fees, fast transactions, and popular NFTs running on its marketplaces network.
Solana right now is 5th ranked meaning, it is absolutely going to grow up and defend its rank.
According to Forbes reportedly has announced: Bank Of America: This Cryptocurrency (Not Bitcoin) Could Become The ‘Visa Of Crypto’—A Huge Price Prediction For Solana And Ethereum
CARDANO
ADA or Cardano is also a public blockchain platform, open-source decentralized, with consensus achieved using proof to stake. It was founded by Ethereum in 2016.
Cardano's price today is $1.27 USD with a market cap of $42,145 billion keeping it ranked 7th. It registered a high price last year when it was reaching $2.91 USD with a market cap of $93 billion.
What is making this crypto amazing, is that; ADA held on the Cardano network represents a stake in the network, with the size proportional to the amount of ADA held.
By the end of 2022, Cardano predictably will be equaled $15 USD per coin.
POLKADOT
Polkadot is a newcomer to the world of cryptocurrency. As it was created in 2020, even though it has shown a big performance over a short duration, it's becoming the 10th largest cryptocurrency with a market cap of $26 billion. In addition, DOT's network uses a proof of stake consensus algorithm. The protocol used, blind assignment for blockchain extensions.
Polkadot's price today is $27 USD, and by the end of this year possibly will be double.
ALGORAND
Algorand or ALGO is a self-sustaining, decentralized, blockchain based-network that supports a wide range of applications. It has also become more popular with a stake-proof system. In addition, ALGO ranks in 24th place with a market cap of approximately $9 billion giving its USD value today a $1.38.
With partnerships, alliances, and community funding, the market of Algorand expects a big performance, reaching a price level near $2.35 USD, which is 150%.
Shiba Inu
Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed SHIB to be an alternative to Dogecoin (DOGE) on the Ethereum blockchain.
The YTD of Shiba Inu was 1450%. It was climbing from 9-zeros making its price hit $0.000079.
This January, SHIB's price is around $0.000031 with a market cap of USD 17 billion. As a result, many traders trust Shiba Inu and possibly will invest more money to buy and hold it. According to many researchers, Shiba Inu likely will be climbing to $0.0001 this year.
Dogecoin
Dogecoin or DOGE is an open-source digital coin that was launched in 2013. It has a system mining every day that really differs from Bitcoin ( about 10,000 Dogecoin ), making this coin a great value and bigger than many cryptocurrencies.
A YTD of Dogecoin had gained 2819% last year and could climb from $0.0074 to $0.689 USD.
Elon Musk has tweeted that Tesla is going to accept Dogecoin for merchandise.
DOGE's price today is around $0.19 USD with a market cap of more than $24 billion. Therefore, this digital currency is very likely to jump again this year.
Conclusion
When it comes to invest the money due to buying cryptocurrencies to hold until the price is booming, study the crypto very well before spending any penny. The Coin Market Cap shows everything about cryptocurrencies. Therefore, get more knowledge about coins you are going to buy for 2022.
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