2021 will be known as the year the cryptocurrency market solidified in the future of finance. Worth more than $ 3 trillion, the crypto market has forced financial regulators from New York to Beijing to take this asset class seriously or be left behind.
As 2022 approaches, all eyes are on the future of cryptocurrency. By now, anyone with even a passing interest in “owning” crypto is familiar with blue chip tokens like Bitcoin and Ether. And with Bitcoin (BTC) regularly trading around $ 60,000 and Ether (ETH) trading around $ 4,000, some investors may be looking for lesser-known cryptocurrencies that can generate higher profits. Lucky for them, there is a plethora of altcoins – cryptocurrencies other than Bitcoin – that have the potential to explode in popularity and become the next home brand.
As 2022 approaches, here are four upcoming cryptocurrencies to watch out for.
HUH Token (HUH)
The most attractive cryptocurrency on this list is HUH Token, mainly because it is about to be launched, and as we have seen in the past with tokens like Shiba Inu and Floki Inu, when the tokens are launched under the right conditions, they tend to explode thousands of times. The Shiba Inu has jumped more than 70,000% in just a few months.
HUH Token seeks to become one of the top 20 cryptocurrencies by market cap over the next few years and offers enhanced features over Shiba Inu including dual currency distribution system, large community nicknamed “HUH Nation” and static rewards for holding the cryptocurrency.
HUH Token is also launching a referral program where holders can refer friends and receive 10% of that person’s initial deposit. There is no restriction on the number of people you can refer.
HUH Token will launch on Uniswap and PancakeSwap on December 6, with $ 1 million in cash blocked by its creators for two years to encourage stability and long-term ownership. HUH Token is currently in the presale phase, which would arguably be the best time to enter.
Solana, currently the fifth largest cryptocurrency in the world with a market valuation of over $ 62 billion, experienced a meteoric rise in 2021. After starting the year at less than $ 2, it hit an all-time high of $ 260 in early November and is now trading around $ 200.
SOL is the native cryptocurrency of the Solana blockchain network, and its rising value symbolizes Solana’s growing potential. The blockchain has gradually gained praise for its lightning-fast transaction processing speed, giving it an edge over Ethereum, the world’s second largest cryptocurrency by market cap.
SOL is followed by Cardano, which has a market cap of $ 55 billion and also saw a dramatic rise in 2021. The coin started the year below $ 0.20, then rallied to top 3. $ at the beginning of September, establishing itself as the third in the world. largest cryptocurrency. ADA also fell from its highs, trading around $ 1.60.
Cardano is the brainchild of Ethereum co-founder Charles Hoskinson, who left the project to protest Vitalik Buterin’s determination to keep the nonprofit blockchain alive. Cardano has made a name for itself, but with ADA currently on a multi-month bear run, 2022 could be a watershed year.
Contrary to its nickname, Avalanche has been a hot commodity this year. In early 2021, AVAX was trading at around $ 3; By the end of November, it had reached a record high of over $ 146, eclipsing Dogecoin and becoming one of the top ten cryptocurrencies in the world. It is currently trading over $ 110, with a market cap of over $ 26 billion.
AVAX is the native cryptocurrency of the Avalanche blockchain, which is emerging as a competitor to Ethereum in the smart contract arena. AVax’s fall rally was sparked by a new deal with Deloitte, which will use Avalanche to support its work with the Federal Emergency Management Agency (FEMA). With the Deloitte contract giving Avalanche an enviable dose of credibility, blockchain and its token could reach new heights in 2022.
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