7 Cryptocurrencies That Will Make Your Account Plump In 2022
The New York stock market benchmark Standard & Poor's (S&P 500) index more than doubled its average annual total return in 2021 compared to the past 40 years, but the highest return is in the cryptocurrency market.
According to CoinMarketCap, the world's largest virtual asset price tracking website, as of December 28 last year, the market cap of all digital currencies was $2.25 trillion. This is an increase of 191% from the beginning of 2021.
Even with the extreme volatility of the cryptocurrency market, there are still plenty of opportunities for investors to call their accounts plump if they choose a cryptocurrency that offers differentiation and competitive, advantage.
Motleypool, an American internet investment media outlet, introduced 7 promising cryptocurrencies that will make investors' accounts plump in
1. Avalanche
Among the largest cryptocurrencies by market cap, Avalanche has a realistic opportunity to triple in value this year.
Avalanche is a smart contract-based blockchain network that offers incredible speed and compatibility, making it a logical choice for developing decentralized applications (dApps). A smart contract is a protocol that helps identify, facilitate and enforce contract negotiations between two parties.
According to Avalanche's development team, the blockchain-based network can process more than 4500 transactions per second and offers block completeness of fewer than two seconds. To put this contextually, the two most popular blockchain networks, Bitcoin and Ethereum, can process 7 TPS (the number of transactions that can be processed per second) and 13 TPS, respectively, and complete transactions in about 60 minutes and 6 minutes. do. Just by comparing these numbers, you can see how excellent Avalanche is.
But the real bait is the aforementioned compatibility. It's no secret that dApp developers love to utilize the Ethereum Virtual Machine (software that allows developers to create dApps on Ethereum). Avalanche has an Ethereum virtual machine that runs on the blockchain. This means dApp developers have the opportunity to migrate their projects to Avalanche’s superior network, avoiding the congestion, high fees, and processing delays associated with Ethereum’s blockchain. This is the main selling point of Avalanche in 2022
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