by Team AllYourVideogames | Jan 14, 2022 | Finance |
In 2022 we saw a roller coaster in the price of cryptocurrencies, and this sets the tone for the bets of the cryptocurrency market for 2022. NFT, metaverse and decentralized finance were terms much discussed in the financial market and especially in the cryptocurrency market throughout 2022.
The famous Bitcoin was not worth the $ 100 as many expected, but it accumulated a 160% appreciation in 12 months. Ethereum, the second largest cryptocurrency on the market, appreciated 4 times more than Bitcoin, reaching 600% in the same period.
Some projects such as Binance Coin (BNB) and Solana (SOL) were able to take advantage of the opportunities and reached an appreciation of up to 11.000% since the beginning of 2022.
Cryptocurrency Market Bets for 2022
Of all the cryptocurrency market growth in the year 2022, 38% of the total market cap is Bitcoin and the rest is distributed among the various trends that have emerged: decentralized finance (DeFi), NFTs, play-to-earn games and metaverse.
To help you know the bets on the cryptocurrency market for 2022, we list those that are pointed out by experts as the most promising and with the potential to generate good results.
Avalanche is a first-layer protocol with more scalability and programmability advantages than the ethereum network. It aims to operate with lower fees and solve the cryptocurrency trilemma: scalability, security and decentralization. In 2022 it had a growth of 2.900%.
Axie Infinity (AXS)
Axie Infinity is a game that uses NFTs in the “play to earn” scheme, in which players receive rewards in tokens, being able to trade these assets on exchanges. It grew by more than 17.700% in 2022 and the number of active players exceeded 2 million and continues to grow.
After having fluctuated a lot in 2022, Bitcoin, the most traditional cryptocurrency in this market, is being seen with good eyes by experts and could reach a hypervaluation with the potential to hit US$ 100.
Chiliz is a utility token from the Socios.com platform, which aims to decentralize and tokenize the sports market. It already has partnerships with the NBA and the UFC and is being widely used in tokens for football teams. Today there are more than 70 sports organizations on the platform.
Long before the term metaverse gained visibility in the market and became a trend, Decentraland already existed. It is a project that has been adopted by major brands and entrepreneurs and that has everything to grow even more, as it is a more mature project and has the possibility of creating the basis for a decentralized metaverse, which does not depend on a single company.
Ether, the currency of the ethereum network, is the second largest cryptocurrency on the market, and its objective is to promote asset decentralization and be faster than Bitcoin. Through it physical assets such as houses and works of art, for example, can be “tokenized”.
Polka dots (DOT)
Polkadot is a tool that aims to integrate and connect different blockchains in one place, making one system communicate transparently with another system of different origin. One of its advantages is capturing much of the ethereum network.
In 2022 Polygon had a growth of 10.000% after being reformulated, connecting different networks in a hub where the center of everything is Ethereum. In addition, it received support from billionaire investors, such as the American Mark Cuban.
This crypto is capable of turning Ethereum into a multi-chain system similar to others like Polkadot, Cosmos, Avalanche.
Solana is a scalable smart contract platform and has great value for decentralized finance (DeFi). It belongs to the category of coins known as ethereum killers. It is an asset very similar to the ethereum project and that can benefit from its capitalization, since it has a solution to the problems that ethereum presents.
The Sandbox (SAND)
The Sandbox is a metaverse game considered by many to rival Minecraft, it incorporates cryptocurrencies and the concept of a decentralized metaverse. Even though it is in the development stage, it has attracted many players, investors and even big brands like Adidas and Tesla.
Now that you know some of the cryptocurrency market bets for 2022, just make your choices and start investing.
If you want to know more about each of the cryptocurrencies listed in this article and the many others available, you can access the website coinmarketcap.com, where you will find a lot of important and relevant information to choose your investments.