The top coins for 2022
The number of new users and active wallets on the crypto market grew steadily in 2021. Therefore, several cryptocurrencies have great potential to continue growing in the coming year.
The number of new users and active wallets on the crypto market grew steadily in 2021. Therefore, several cryptocurrencies have great potential to continue growing in the coming year.
How does the ranking work?
To determine the ranking of these cryptocurrencies, we use a methodology with three specific criteria. The criteria are as follows:
Market Capitalization - The selected cryptocurrencies are selected from among the top 100 cryptocurrencies by market capitalization. This is done to filter out lesser-known projects that are not yet established in the crypto market.
Appreciation in 2021 - Cryptocurrencies that have performed well in the past often perform well in the future. Therefore, the selected assets have shown excellent growth rates since the beginning of the year.
Chart and event predictions for 2022 - This is a rather arbitrary criterion as chart analysis and the meaning of events are more of a subjective nature. Therefore, this criterion should be seen as a personal opinion supported by arguments rather than a fact.
AXS is the native token of the NFT game Axie Infinity. The play-to-earn sector was one of the most interesting crypto developments in 2021 and gained significantly in importance, especially in Southeast Asia. One of the games that benefited the most from this huge amount of interest is Axie infinity. The Axie community is currently approaching the 3 million user mark. Axie Infinity is a turn-based card game in which players play 3v3 battles against other players using Pokémon-like creatures called “Axis”.
In earAxis21, AXS was trading at $ 0.50. The token saw a big boom over the year, hitting an all-time high of $ 166.09 on November 4. This corresponds to an increase in value of 33,118% compared to the last low. Although the token has fallen since then, there is significant support just below the current rate of $ 83.7 and $ 64.4, respectively. The ongoing downtrend could come to an end in any of these areas.
To determine the ranking of these cryptocurrencies, we use a methodology with three specific criteria. The criteria are as follows:
Market Capitalization - The selected cryptocurrencies are selected from among the top 100 cryptocurrencies by market capitalization. This is done to filter out lesser-known projects that are not yet established in the crypto market.
Appreciation in 2021 - Cryptocurrencies that have performed well in the past often perform well in the future. Therefore, the selected assets have shown excellent growth rates since the beginning of the year.
Chart and event predictions for 2022 - This is a rather arbitrary criterion as chart analysis and the meaning of events are more of a subjective nature. Therefore, this criterion should be seen as a personal opinion supported by arguments rather than a fact.
AXS is the native token of the NFT game Axie Infinity. The play-to-earn sector was one of the most interesting crypto developments in 2021 and gained significantly in importance, especially in Southeast Asia. One of the games that benefited the most from this huge amount of interest is Axie infinity. The Axie community is currently approaching the 3 million user mark. Axie Infinity is a turn-based card game in which players play 3v3 battles against other players using Pokémon-like creatures called “Axis”.
In earAxis21, AXS was trading at $ 0.50. The token saw a big boom over the year, hitting an all-time high of $ 166.09 on November 4. This corresponds to an increase in value of 33,118% compared to the last low. Although the token has fallen since then, there is significant support just below the current rate of $ 83.7 and $ 64.4, respectively. The ongoing downtrend could come to an end in any of these areas.
1. Theta network (THETA)
Price: $ 4.39
Market Cap: $ 4.4 billion
Market Cap Ranking: #40
Theta is a blockchain network primarily focused on the video streaming industry. The project aims to fully decentralize streaming to improve streamers' revenue and make it easier for users to watch. To achieve this, Theta uses a decentralized network through which computing resources can be shared. Theta has its token called THETA, which is mainly used for governance matters.
When introducing the TDROPsomething very interesting is going to happen on February 1st. The upward movement was considerable, albeit significantly less than that of AXS.
THETA rose 800% in 98 days, hitting a record price of $ 15.88 in April. Since then, however, the THETA price has fallen and has been in a downward trend for most of the year. Despite this decline, there is very strong support at $ 3.41, an area that could mark the end of the downtrend and new upside momentum.
Price: $ 4.39
Market Cap: $ 4.4 billion
Market Cap Ranking: #40
Theta is a blockchain network primarily focused on the video streaming industry. The project aims to fully decentralize streaming to improve streamers' revenue and make it easier for users to watch. To achieve this, Theta uses a decentralized network through which computing resources can be shared. Theta has its token called THETA, which is mainly used for governance matters.
When introducing the TDROPsomething very interesting is going to happen on February 1st. The upward movement was considerable, albeit significantly less than that of AXS.
THETA rose 800% in 98 days, hitting a record price of $ 15.88 in April. Since then, however, the THETA price has fallen and has been in a downward trend for most of the year. Despite this decline, there is very strong support at $ 3.41, an area that could mark the end of the downtrend and new upside momentum.
2. THORChain (RUNE)
Price: $ 6.96
Market Capitalization: $ 1.78 billion
Market Cap Ranking: #70
THORChain is a decentralized liquidity protocol that enables users to trade various cryptocurrencies in a decentralized environment. Put simply, the THORChain serves as a bridge to enable the exchange between different blockchains. The project is unique in that it protects against temporary losses while generating high returns. The new main net from THORChain will be introduced in the 2nd quarter of 2022.
Although RUNE rose significantly at the beginning of the year and hit a new all-time high of $ 21.29 on May 21, the RUNE price has fallen since then. However, the price managed to hold above the $ 4.80 horizontal support that has been in place since March.
Price: $ 6.96
Market Capitalization: $ 1.78 billion
Market Cap Ranking: #70
THORChain is a decentralized liquidity protocol that enables users to trade various cryptocurrencies in a decentralized environment. Put simply, the THORChain serves as a bridge to enable the exchange between different blockchains. The project is unique in that it protects against temporary losses while generating high returns. The new main net from THORChain will be introduced in the 2nd quarter of 2022.
Although RUNE rose significantly at the beginning of the year and hit a new all-time high of $ 21.29 on May 21, the RUNE price has fallen since then. However, the price managed to hold above the $ 4.80 horizontal support that has been in place since March.
3. Bitcoin (BTC)
Price: $ 48,670
Market Cap: $ 916 billion
Market Cap Ranking: #1
Bitcoin is the first cryptocurrency that was launched by Satoshi Nakamoto in 2009 and does not need any further introduction. It is in Bitcoin is a decentralized network that allows users to send each other money, without an intermediary that must be turned on.
2021 saw significant institutional investment in BTC, led by Michael Saylor and MicroStrategy. If this trend continues through 2022, cryptocurrency will likely remain one of the most lucrative investments in history.
Bitcoin is significantly less volatile compared to other currencies. Its price development differs a little from that of other assets, as the Bitcoin price hit a new record price on November 10, rather than May. The all-time high meant an increase of 142% compared to the opening of the year.
BTC is still holding above the 0.618 Fibonacci retracement level at $ 44,200 and could soon hit a new high and rise again.
Price: $ 48,670
Market Cap: $ 916 billion
Market Cap Ranking: #1
Bitcoin is the first cryptocurrency that was launched by Satoshi Nakamoto in 2009 and does not need any further introduction. It is in Bitcoin is a decentralized network that allows users to send each other money, without an intermediary that must be turned on.
2021 saw significant institutional investment in BTC, led by Michael Saylor and MicroStrategy. If this trend continues through 2022, cryptocurrency will likely remain one of the most lucrative investments in history.
Bitcoin is significantly less volatile compared to other currencies. Its price development differs a little from that of other assets, as the Bitcoin price hit a new record price on November 10, rather than May. The all-time high meant an increase of 142% compared to the opening of the year.
BTC is still holding above the 0.618 Fibonacci retracement level at $ 44,200 and could soon hit a new high and rise again.
4. Stellar (XLM)
Price: $ 0.267
Market Cap: $ 6.83 billion
Market Cap Ranking: #26
Stellar (XLM) is a blockchain network that is used to store and transfer funds. The network was founded in 2014 with the main aim of providing financial services to regions of the world that have little access to the traditional financial system. The transaction fees on the network are very low, at 0.00001 XLM. Due to the speed and the low cost, the project is therefore ideal for transactions. On January 15, 2022, XLM owners will receive an AQUA token airdrop.
The Stellar price is not as high as that of the other analyzed cryptocurrencies. The XLM price hit a record $ 0.56 on May 19, but has fallen since then and is only 110% above the price at the beginning of the year. However, there is still very strong support at $ 0.22 that could usher in a reversal and a new uptrend.
5. Elrond (EGLD)
Price: $ 297.75
Market Cap: $ 5.9 billion
Market Cap Ranking: #28
Elrond is a blockchain protocol that enables very high transaction speeds through sharding. It is also the first project to make network and transaction fragmentation possible. The network was announced in August 2019 and launched in July of the following year. The smart contract platform can perform 15,000 transactions per second at a cost of just $ 0.001. Both the fourth phase of introduction and blockchain governance will start in the second quarter of 2022.
EGLD was valued at nearly 1600% in 2021, hitting a new all-time high of $ 544 on November 23. Although the EGLD price has fallen 45% since then, it is still trading above the previous high of 245 US dollars. This area may now serve as price support.
Price: $ 0.267
Market Cap: $ 6.83 billion
Market Cap Ranking: #26
Stellar (XLM) is a blockchain network that is used to store and transfer funds. The network was founded in 2014 with the main aim of providing financial services to regions of the world that have little access to the traditional financial system. The transaction fees on the network are very low, at 0.00001 XLM. Due to the speed and the low cost, the project is therefore ideal for transactions. On January 15, 2022, XLM owners will receive an AQUA token airdrop.
The Stellar price is not as high as that of the other analyzed cryptocurrencies. The XLM price hit a record $ 0.56 on May 19, but has fallen since then and is only 110% above the price at the beginning of the year. However, there is still very strong support at $ 0.22 that could usher in a reversal and a new uptrend.
5. Elrond (EGLD)
Price: $ 297.75
Market Cap: $ 5.9 billion
Market Cap Ranking: #28
Elrond is a blockchain protocol that enables very high transaction speeds through sharding. It is also the first project to make network and transaction fragmentation possible. The network was announced in August 2019 and launched in July of the following year. The smart contract platform can perform 15,000 transactions per second at a cost of just $ 0.001. Both the fourth phase of introduction and blockchain governance will start in the second quarter of 2022.
EGLD was valued at nearly 1600% in 2021, hitting a new all-time high of $ 544 on November 23. Although the EGLD price has fallen 45% since then, it is still trading above the previous high of 245 US dollars. This area may now serve as price support.
6. Solana (SOL)
Price: $ 185
Market Cap: $ 56.9 billion
Market Cap Ranking: #5
Solana is a popular project that primarily facilitates the creation of decentralized applications The project uses a proof-of-story and proof-of-stake mechanism. Because of this hybrid consensus model, has generated a lot of interest from institutional and retail investors. One of the goals is to improve access to decentralized finance without compromising security and decentralization. This is to be achieved through the proof-of-story consensus.
There are also Solana-based NFT marketplaces on several exchanges, such as the FTX exchange. These marketplaces will allow its users to create and trade non-fungible tokens that run on the Solana blockchain. SOL is up 13,806% year-to-date, hitting a record $ 259.9 on November 4th. Of the cryptocurrencies examined, this was the second-highest increase in value after AXS. Although the price has since fallen below its downtrend line, the token has ricocheted off the horizontal support at $ 150.
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Price: $ 185
Market Cap: $ 56.9 billion
Market Cap Ranking: #5
Solana is a popular project that primarily facilitates the creation of decentralized applications The project uses a proof-of-story and proof-of-stake mechanism. Because of this hybrid consensus model, has generated a lot of interest from institutional and retail investors. One of the goals is to improve access to decentralized finance without compromising security and decentralization. This is to be achieved through the proof-of-story consensus.
There are also Solana-based NFT marketplaces on several exchanges, such as the FTX exchange. These marketplaces will allow its users to create and trade non-fungible tokens that run on the Solana blockchain. SOL is up 13,806% year-to-date, hitting a record $ 259.9 on November 4th. Of the cryptocurrencies examined, this was the second-highest increase in value after AXS. Although the price has since fallen below its downtrend line, the token has ricocheted off the horizontal support at $ 150.
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7. Binance Coin (BNB)
Price: $ 540
Market Cap: $ 93.1 billion
Market Cap Ranking: #3
The Binance Coin (BNB) is the native token of one of the most popular cryptocurrency exchanges in the world, Binance.
Binance has grown from a single exchange to a whole network that includes the Binance Smart Chain, Binance Academy, and various other research projects. BNB users benefit from lower fees when using the exchange. Its founder, Changpeng Zhao (CZ), is one of the most famous faces of the crypto market worldwide and has achieved celebrity status.
The BNB rate rose rapidly in the first half of the year and reached an all-time high of 691.8 US dollars on May 10. Although the BNB price fell afterward, the token made up most of its losses in October and November. Currently, the BNB price is within a parallel downward channel, bouncing off the $ 525 support, and is only 32% below its all-time high.
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Price: $ 540
Market Cap: $ 93.1 billion
Market Cap Ranking: #3
The Binance Coin (BNB) is the native token of one of the most popular cryptocurrency exchanges in the world, Binance.
Binance has grown from a single exchange to a whole network that includes the Binance Smart Chain, Binance Academy, and various other research projects. BNB users benefit from lower fees when using the exchange. Its founder, Changpeng Zhao (CZ), is one of the most famous faces of the crypto market worldwide and has achieved celebrity status.
The BNB rate rose rapidly in the first half of the year and reached an all-time high of 691.8 US dollars on May 10. Although the BNB price fell afterward, the token made up most of its losses in October and November. Currently, the BNB price is within a parallel downward channel, bouncing off the $ 525 support, and is only 32% below its all-time high.
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8. Cosmos (ATOM)
Price: $ 23.09
Market Cap: $ 5.22 billion
Market Cap Ranking: #34
Cosmos is also a relatively old project, the white paper of which was first published in 2016. Simply put, it can be referred to as the "Internet of the Blockchain" as it is a collection of blockchain networks. The goal is to create a comprehensive network of different crypto networks that are fully interoperable. This would enable cheap and efficient transactions. Similar to SOL, the project aims to resolve the difficulties related to scalability and decentralization. In addition, the platform facilitates the creation of Apps. Simplifying the infrastructure to make it more user-friendly is also an important goal of Cosmos.
The native token is ATOM, which is generated by a proof-of-stake algorithm. Interestingly, some tokens in the Cosmos ecosystem, such as. B. Terra (LUNA), already surpassed ATOM's value when comparing their market capitalization. ATOM has been increasing gradually for most of the year. However, the token didn't hit its high until September 20. Although the ATOM price has fallen since then, it has just hit the 0.618 Fibonacci retracement level at $ 21.87, a level that is likely to trigger a rebound. Additionally, there is horizontal support at $ 18.50.
Price: $ 23.09
Market Cap: $ 5.22 billion
Market Cap Ranking: #34
Cosmos is also a relatively old project, the white paper of which was first published in 2016. Simply put, it can be referred to as the "Internet of the Blockchain" as it is a collection of blockchain networks. The goal is to create a comprehensive network of different crypto networks that are fully interoperable. This would enable cheap and efficient transactions. Similar to SOL, the project aims to resolve the difficulties related to scalability and decentralization. In addition, the platform facilitates the creation of Apps. Simplifying the infrastructure to make it more user-friendly is also an important goal of Cosmos.
The native token is ATOM, which is generated by a proof-of-stake algorithm. Interestingly, some tokens in the Cosmos ecosystem, such as. B. Terra (LUNA), already surpassed ATOM's value when comparing their market capitalization. ATOM has been increasing gradually for most of the year. However, the token didn't hit its high until September 20. Although the ATOM price has fallen since then, it has just hit the 0.618 Fibonacci retracement level at $ 21.87, a level that is likely to trigger a rebound. Additionally, there is horizontal support at $ 18.50.
9. Ethereum (ETH)
Price: $ 4,100
Market Capitalization: $ 486 billion
Market Cap Ranking: #2
Finally, in the first place is Ethereum. ETH has been the second-largest cryptocurrency in terms of market capitalization for quite some time. The project is an open-source blockchain system that focuses on smart contracts and. In addition, acts as a “host” for several other cryptocurrencies.
With the advent of NFTs, so has an interest in ETH as it is the token that is primarily used in marketplaces. In a way,Ethreum is on the way to becoming “the currency of the internet”. However, this surge in interest has led to the problem of high network charges, which was however mitigated by the London hard fork in July.
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Despite these small issues, it seems likely that with the continued surge in NFTs and play-to-earn games, ETH could be a big beneficiary of this growth. The ETH price reached a new all-time high on November 10th, on the same day as BTC. The token stream price has not fallen significantly since then and appears to have confirmed the previous downtrend line (green symbol). Currently, the token is only 19% below its all-time high.
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Price: $ 4,100
Market Capitalization: $ 486 billion
Market Cap Ranking: #2
Finally, in the first place is Ethereum. ETH has been the second-largest cryptocurrency in terms of market capitalization for quite some time. The project is an open-source blockchain system that focuses on smart contracts and. In addition, acts as a “host” for several other cryptocurrencies.
With the advent of NFTs, so has an interest in ETH as it is the token that is primarily used in marketplaces. In a way,Ethreum is on the way to becoming “the currency of the internet”. However, this surge in interest has led to the problem of high network charges, which was however mitigated by the London hard fork in July.
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Despite these small issues, it seems likely that with the continued surge in NFTs and play-to-earn games, ETH could be a big beneficiary of this growth. The ETH price reached a new all-time high on November 10th, on the same day as BTC. The token stream price has not fallen significantly since then and appears to have confirmed the previous downtrend line (green symbol). Currently, the token is only 19% below its all-time high.
CCCC2022 could be an important year for crypto
The ten listed cryptocurrencies are well-positioned for 2022. While you can't be This sure in the crypto market, these assets are gaining traction.
As always, investors should keep an eye on market events and the assets they are interested in. Nothing is guaranteed, so never invest more than you can afford to lose. However, the listed cryptocurrencies are very interesting projects for the coming year.
The ten listed cryptocurrencies are well-positioned for 2022. While you can't be This sure in the crypto market, these assets are gaining traction.
As always, investors should keep an eye on market events and the assets they are interested in. Nothing is guaranteed, so never invest more than you can afford to lose. However, the listed cryptocurrencies are very interesting projects for the coming year.
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