If you’ve been following the cryptocurrency, blockchain, and bitcoin space for several years now, you’ll know that it can change the way we do business today. The market cap of cryptocurrencies has grown from $14 million to $250 billion in less than ten years and as such, a whole lot of new startups have launched their own tokens.
In this article I’ve compiled an overview for top 5 cryptocurrencies that are expected to be more valuable in 2022. The list does not include the already existing coins that are valued at over $1 billion or billion in market cap.
Some of the cryptocurrencies may be undervalued and the chances of their price growth can sometimes be frustrating but overall, it’s still good to keep them in mind.
The first cryptocurrency in the list is Ethereum. It was launched in 2015 and since then it has gained a lot of popularity in the market. Its value has increased from around $10 to $500 within a year and its market cap is currently around $75 billion.
As for the future, ETH is expected to reach $750-$1,500 in 2022 and in a few years, it’s possible that it could reach $5,000.
Augur was also launched in 2015 and its value has increased from around $6.5 to $300 within one year. Augur has been proven to be a great platform for smart contracts, which are basically computer code that runs as an agreement between two parties on a blockchain network. It means that the network of a company can be decentralised so the agreements between the different departments or offices will be automatically enforced.
NEO is the first cryptocurrency to be developed in China, being created in 2014. NEO’s main goal is to launch a decentralised network that will allow digital assets to be issued without the requirement for a financial intermediary.
This project is also known as “The Chinese Ethereum”. The NEO platform uses smart tech and blockchain, something that makes it similar to Ethereum but with more features and better quality. One of the main features of NEO is its consensus protocol called Delegated Byzantine Fault Tolerance (dBFT).
XRP has been drawing a lot of attention from financial institutions for its potential to transform cross-border payments and reduce global transaction costs.
It was the first cryptocurrency to clock up more than 100 million global transactions and is ahead of Bitcoin and Ethereum in terms of transaction volume.
XRP, the third largest cryptocurrency, has a market cap of around $35 billion. It has shown remarkable stability in recent months, with a trading volume of around $3 billion per day.
Stellar is a real-time gross settlement system (RTGS), currency exchange, and remittance network based on open-source technology.
It supports the exchange of fiat currencies and cryptocurrencies, with transactions processed in 2 to 5 seconds. It offers automatic currency transactions at a nominal fee of $0.01.
Stellar offers a decentralised exchange where any holder of XLM can conduct financial transactions quickly and securely. This means you don’t have to waste time in sending your money back home or converting your currency like you would do when travelling abroad.