While everyone goes after Bitcoin and Ethereum when it comes to the crypto market, some altcoins caught in the lens of a group of analysts and investors have the potential to have quiet but powerful effects.
Altcoins are also keeping up with this rising wave, especially with big balls such as Ethereum and Bitcoin experiencing ATHs, and unexpected coins can make great money for their investors.
The total market cap of all cryptocurrencies in the world has doubled this year.
The crypto market hosts new participants every day, but those who do not play the game according to the rules continue to suffer heavy losses.
However, there are some points that should be noted on this platform. It is necessary to pay attention to the possible downsides of some attractively priced coins.
While Bitcoin and Ethereum saw big gains, smaller altcoins gained even more percentage gains as they were priced much lower compared to them.
In particular, that marked the year 2021 and Some coins that are likely to enter the top 20 and perform well in 2022 we have compiled for you.
There will be altcoins that could not enter the Top 20 ranking, but will definitely enter this ranking in 2022. However, in this article, we will talk about projects that have proven themselves in terms of project and mass acceptance.
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Solana, which is among the 10 most valuable cryptocurrencies in the world, set out with its own Blockchain in 2020.
It quickly caught the eye thanks to its ability to integrate with tokens from other networks and its fast processing capacity.
Especially often compared to Ethereum, SOL has become the most suitable cryptocurrency for developers looking to make smart contracts such as NFTs and decentralized finance (DeFi) applications.
Solana, known as the “Ethereum Killer”; More than 500 dApps are built by independent developers, most of them lending and borrowing.
The use of Solana tokens for all these services explains SOL’s 100x increase in value this year.
Polkadot (DOT)
Polkadot, another “Ethereum Killer”, offers the opportunity to transact much faster and cheaper than many cryptocurrencies thanks to its DOT transaction.
DOT is currently used by more than 511 projects produced to communicate between Blockchain networks and ranks 11th on the list of the best.
Dogecoin (DOGE)
The Dogecoin payment system project, which was launched in 2013 and was a simple joke at first, caught the attention of Elon Musk after a while, and the Dogecoin adventure began when Musk described himself as the “father of DOGE”.
DOGE, worth 45x so far, has been used online on forums and sometimes as a means of payment for donations for many years.
Competing with the Shiba Inu, DOGE is currently ranked 12th among the most valuable cryptos.
Especially if the developer team makes new breakthroughs for the year 2022, it may turn the direction back to DOGE.
Shiba Inu (SHIB)
Not without mentioning SHIB on this list. Because when it comes to 2021, SHIB is one of the most sought-after and agenda coins. Especially after the popularity of the DOGE coin, SHIB, which emerged under the name of “dog-themed coins”, has actually received the acceptance of the masses, although it does not promise great things.
Many cryptocurrency exchanges, which did not list the coins whose project was not sound, chose to list SHIB just because there was too much demand. It is not known what will happen in 2022, but it is known that SHIB is a strong investor group.
Terra (Luna)
Launched by the Terra company, LUNA allows creating smart contracts and DApps on its network, including DeFi protocols such as Anchor and Mirror.
The company, which is also in partnership with payment and e-commerce platforms such as TMON and Yanolja in Korea, continues its search for new partnerships.
Terra creates a “stablecoin” using the daily price stability of fiat currencies.
Thus, Terra offers its users a basket of stablecoins pegged to USD/EUR/GBP/SDR/JPY/KRW/CNY/MNT. When the trading volumes of these currencies increase, they sell the local LUNA to achieve price stability, and when the trading volumes decrease, they buy back the LUNA. LUNA is currently ranked 9th on the list of most valuable cryptos.
Uniswap (UNI)
Trading since September 2020, UNI is an Ethereum-based ERC-20 token issued to users of Uniswap’s decentralized exchange (DEX). Uniswap solves liquidity problems on exchanges and allows users to trade DeFi tokens.
UNI, which the US SEC has taken into its close lens, has the potential to rise to higher values if it can get rid of this pressure. UNI is currently ranked 19th on the list of most valuable cryptos and is trading at $17.50.
Chainlink (LINK)
LINK is an ERC-677 token that allows ‘data-driven smart contracts’ across multiple Blockchains such as Ethereum, Solana and Polygon.
It is often used for DeFi securities based on financial market data. With the developing Blockchain technology, the integration of many companies and services into the system or establishing their own Blockchain systems is a difficult process in many respects.
At this point, the Chainlink system enables these non-Blockchain systems to adapt to Blockchain systems with smart contracts. LINK ranks 20th in the list of the most valuable cryptos and continues to trade at $21.72.
AAVE (AAVE)
AAVE is the native token of Aave, formerly known as ETH Lend. It is a DeFi lending protocol with financial services that includes interest on deposits, cryptocurrency lending and borrowing, even zero collateral flash loans.
The AAVE supply is currently limited to 16 million but some derivatives exchanges may allow trading with 125x leverage. Aave’s ecosystem lists 30 companies that are building DeFi products above their protocols and claims an ever-growing market for liquidity. AAVE currently ranks 48th on the list of most valuable cryptos.