10 most promising cryptocurrencies to buy and hold in 2022

Cryptocurrencies did not get off to a good start to the year. According to data collected by CoinGecko, the total market value of digital coins grew from $ 2.04 trillion in January to around $ 1.9 trillion in April. All recovery attempts have stalled. In this article, we will look at the most promising cryptocurrencies to buy and hold in 2022.

Ethereum

Ethereum, the second largest crypto currency, is one of the best to buy and hold in 2022. The platform is undergoing significant changes that will make it attract more developers and investors. Developers are implementing the transition from a proof-of-work network to a proof-of-stake network.

They will also introduce the concept of decomposition, which will make it much faster. As a result, more developers are likely to choose to build their apps. Moreover, most of them use already despite its shortcomings. Therefore, it is likely that the price of Ethereum will continue to rise in 2022.

Close to protocol

Near Protocol is another promising cryptocurrency to invest in 2022. It is a proof-of-stake cryptocurrency that is gaining traction among developers. The creators are currently implementing the nightshade share upgrade, which aims to make it faster and more scalable.

To advance this mission, Near Protocol raised nearly $ 350 million into April this year. The fundraising came months after developers raised more than $ 100 million from investors. These funds will be used to build the ecosystem and encourage its developers. In addition, its total value locked in DeFi has risen to nearly $ 1 billion, and it is likely to continue to grow this year.

Mina protocols

The Mina Protocol is a little-known cryptocurrency that should have a good year. Its price has already risen about 61% from its lowest year to date. Mina Protocol is a blockchain project that uses zero-knowledge (zk) rollups to help developers build fast applications. Its token has a total market value of over $ 1.1 billion.

Mina protocol developers have raised over $ 92 million from venture capitalists. With its SDK set to launch in 2022, the platform is likely to gain ground. If that happens, the Mina price is likely to continue to rise as more people interact with its platform.

Lido CAD

Lido DAO is a leading blockchain project in the decentralized financial industry (DeFi). The platform is built in Terra, Ethereum, Solana, Kusama and Polygon. Its Ethereum and Terra networks are the most important. Lido’s business is to provide liquidity for deposited assets.

For example, Lido Staked Ether has a market capitalization of over $ 9 billion. Lido has a total locked-in value of over $ 17 billion. The Lido DAO token has a market value of over $ 878 million. It is likely to return in 2022 as more people adopt the network.

Anchor protocol

Another secure cryptocurrency to buy and hold in 2022 is the Anchor Protocol. It is one of the leading DeFi platforms in the world with a TVL of over $ 25 billion. It is the second largest DeFi network after Curve and the largest in the Terra ecosystem.

Anchor Protocol allows users to deposit money on its platform and then start earning rewards when others borrow. In early 2022, the price of the anchor protocol fell after the developers announced that they would change the interest rate earned per share. month. Prices will increase or decrease by 1.5% per. month. Still, Anchor is a secure cryptocurrency because its ecosystem is constantly growing.

Bitcoin

Bitcoin is a secure cryptocurrency to buy and keep because of its important role in the blockchain industry. It is the largest coin in the world and it tends to set the tone for other coins. In most cases, other cryptocurrencies tend to rise when Bitcoin rises and vice versa. It is also one of the most widely used digital coins in the world.

Therefore, if cryptocurrency prices are to have a positive year in 2022, it is likely that Bitcoin will also rise. Bitcoin is also gaining ground among institutional investors.

avalanche

Avalanche is a leading blockchain platform that aims to help developers build fast decentralized applications. While Ethereum handles less than 20 transactions per second, Avalanche can handle up to 4,000 transactions. It is also a relatively inexpensive network where the average price of a transaction is a few cents.

While the Avalanche network is experiencing strong growth, its developers have announced investments of more than $ 400 million to boost its ecosystem. The first was Avalanche Rush and the second is $ 290 million for Metaverse. Therefore, the price of Avalanche is likely to continue to rise in 2022.

the earth

Terra is one of the fastest growing blockchain projects in the industry. The network is known for its stack coins such as Terra USD, which has a market value of over $ 16 billion. It has also become a prominent player in the DeFi industry. Some of the leading DeFi apps in the ecosystem are Anchor Protocol, Lido and Astroport. As one of the fastest growing cryptocurrencies in the world, LUNA is a good investment in 2022.

Chain link

Chainlink is the largest platform intelligent oracle of the sector. Its task is mainly to connect off-chain data to off-chain data. Its use is so prominent in various industries like DeFi and NFT that require useful external data. Chainlink has a Total Secured Value (TVS) of over $ 55 billion. Therefore, it is possible that the Chainlink price will continue to rise.

Chronos

Chronos is one very promising cryptocurrency which is expected to grow dramatically in 2022. It has also attracted many network developers. According to DeFi Llama, the network has hundreds of projects that have a TVL of over $ 4 billion. Some of the apps on the network are VVS Finance, Tectonic and MM Finance. Therefore, the Cronos price is likely to continue to rise.

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