2021 was undoubtedly the year the crypto industry matured. The industry has registered more investors than in previous years, and plenty of new altcoins have been launched into the market. Experts agree that many ETH and Ethereum-based coins outperform BTC. An expert has made a list of a total of 5 altcoins to watch out for in 2022, some of which are Ethereum-based. cryptocoin.com We are giving the details as…
Top 3 altcoins to watch out for in 2022: ETH, MATIC, MANA
According to FXEmpire analyst Oluwapelumi Adejumo, one cannot talk about ETH-based coins without discussing Ethereum. ETH had good growth in 2021, gaining more than 500 percent. Its growth has outstripped Bitcoin in all quarters of last year. According to the analyst, ETH has a great relationship with DeFi and the metaverse with other coins, which could eventually help boost its price in 2022. He also thinks that the highly anticipated ETH 2.0 will play a big way in the value of crypto.
Second, attention is drawn to MATIC, the native currency of Polygon, the Ethereum Layer-2 scaling solution co-founded by India’s crypto billionaires Sandeep Nailwal, Jaynti Kanani and Anurag Arjun. Polygon is a multi-chain ecosystem integrated into Ethereum to solve high gas fees and make Blockchain interoperable with other networks. MATIC was among the top-performing cryptocurrencies of 2021, recording more than 11,026 percent gains in one year.
Third on the analyst’s list is the MANA token of the metaverse platform Decentraland. On the platform, users can purchase virtual lands that they can build, navigate and earn money. The platform was created by Ariel Meilich and Esteban Ordino and was launched in 2019 following an ICO in 2017. It became available to the public in 2020. Decentraland has two tokens: LAND (NFT) and MANA (ERC20 token). Users can create wearables, avatars, names, etc. on the platform. can use MANA to buy. The altcoin was one of the best performing assets last year, with an increase of over 2,000 percent in value. According to the analyst, it seems that its growth will not stop with the interest in NFT and the metaverse.
Attention was also drawn to UNI and LINK
The analyst points to Uniswap (UNI), a decentralized exchange, as fourth. It uses an automated market maker to enable crypto trading without an order book. In this model, liquidity providers invest their tokens in smart contracts. The liquidity pool automatically sets the bid allowing providers to earn 0.3 percent of transaction fees. At the beginning of 2021, the UNI was worth less than $5, but it closed the year at $17. According to the analyst, this growth pattern shows the long-term value of the coin. Despite falling recently and currently trading around $16, the analyst points out that it is still one of the top 25 cryptocurrencies.
Finally, the LINK token of Chainlink, the oracle network created to integrate real-world data into online systems, is on the list. The use of smart contracts is one of the things that increases the value of LINK. The more smart contracts used, the higher the LINK value. The value of the cryptocurrency has doubled compared to a year ago.
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