Looking ahead to next year, from Ámbito we will suggest 5 cryptocurrencies with growth margin that are not Bitcoin and that you should take into account for the 2022.
1. Ethereum 2.0
Ethereum it is still the preferred network for many cryptocurrency projects. In fact, whether it’s DeFi or NFT, it’s often ETH that serves as the platform. For example, More than 90% of NFT-related transactions take place on its platform.
Additionally, a major Ethereum upgrade is expected in 2022, which will become Ethereum 2.0, which will solve the biggest problem crypto faces, the speed of transactions.
ETH 2.0 will increase the network capacity from about 30 transactions per second to 100,000, mainly due to the change to the “proof-of-stake” validation method, which eliminates the validation method that involves complex calculations, which also significantly reduces grid power consumption.
2. Decentraland (MANA)
The new strategy of Meta Platforms, formerly Facebook, focused on the creation of a metaverse, put in the axis of sight several cryptocurrencies that have not waited for Mark Zuckerberg to put the concept into practice. One of the most important is undoubtedly Decentraland (MANA), which is a Fully functional metaverse in which you can buy properties and participate in games or other online experiences.
WHERE, the cryptocurrency used in the Decentraland metaverse, skyrocketed after Facebook ads, and then gave up much of its gains in the current cryptocurrency correction. However, investor interest in the metaverse is likely to remain there, and even strengthen.
3. Solana (SOL)
The Ethereum network flaws resulted in a specific class of cryptocurrencies displaying a similar value proposition, while also correcting several major ETH flaws. Solana (SOL) is often cited as Ethereum’s strongest and most serious challenger.
In fact, Solana highlights its enormous transaction processing capacity. Currently, Ethereum can only process a few dozen transactions per second, and although ETH 2.0 will eventually remedy this problem, Solana presents an especially efficient immediate alternative, since the network is capable of processing 50,000 transactions per second.
Solana is also a competitor in the fight for market share of the NFT. But it is proving to be a strong opponent for Ethereum. When Solana’s NFTs launched in August, 10,000 tokens were sold within minutes. This event gave Solana the opportunity to make herself known.
IOTA offers a data security service for IoT devices (Internet of things), that is, electronic objects connected to the Internet. This field will explode in the coming years, thanks above all to the possibilities opened up by the speed of 5G mobile networks, which should be fully deployed by 2022.
What’s more, IOTA received support from Dell Technologies earlier this year, as the computer giant partnered with the project.
Polkadot comprises a main network and parachains operating in parallel, acting as bridges when connecting with other blockchains.
As blockchain technology is used far beyond the cryptocurrency market, and as it is expected to become widespread in various sectors, the need for communication between public blockchains, or between the private blockchains of various companies, should explode. This should logically benefit Polkadot, although there are other cryptocurrencies that also satisfy this need.