August 5

Uncommon Cryptocurrencies That You Should Look Out For In 2022

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The cryptocurrency market has hundreds of different crypto tokens doing the rounds. If you have never invested in them before, doing so now can seem challenging with the various options made available to you. This challenge is mainly owing to the fact that choosing one or two options among a thousand requires you to understand the details of all of them which can prove to be confusing or time-consuming. A handful of cryptocurrencies have maintained their upward trajectory in recent months. In addition, both established users and newbies have wanted to gain the most they could while the upward trend continues.

Due to a new variant upending the market in 2021, we saw a major crash in the values of all cryptocurrencies, causing a loss of nearly $300 billion in the overall market. According to the latest data, the total value of the cryptocurrency market has fallen from 2.68 trillion to 2.39 trillion dollars. The investors were apprehensive that the new variant would result in new restrictions, leading to the abrupt drop. Most major cryptocurrencies managed to find their way back to the top in 2022 while making up for their losses. As a consequence, if you’re searching for some bargain cryptocurrencies to invest in, here are a few that you should keep an eye on.

RIPPLE (XRP)

The XRP coin is a cryptocurrency created by the company Ripple, which is a digital technology and payment processing platform. XRP is another famous cryptocurrency that has risen to prominence as a result of its capacity to endure periods of high market volatility. You can easily exchange XRP tokens for traditional currencies or use them to exchange other cryptocurrencies. Furthermore, XRP is the first cryptocurrency to be accepted by a number of financial institutions for the purpose of transmitting and receiving payments. When it comes to cryptocurrency investing, XRP is a fantastic coin to consider, and the year 2022 is an excellent time to do so because the rates are lower compared to those of other prominent digital currencies and it is a low investment high return choice. Price of the XRP token is approximately $.08521 (XRP to INR).

DOGECOIN (DOGE)

DOGE, or Dogecoin, was developed in 2013 as a joke by its inventors, software programmers Jackson Palmer and Billy Markus. This was the first ‘meme’ coin, and what began as a joke quickly grew into a rapidly expanding cryptocurrency. Elon Musk mentioned it in a tweet, which accelerated its growth pace. This joke immediately gathered popularity, and the value of dogecoin skyrocketed. Dogecoin is now worth around $0.14 (DOGE to INR). In a relatively short period of time, Dogecoin has risen dramatically in value from its initial market value. Because of its rapid growth, it has become a valuable cryptocurrency and is estimated to go even higher with its market value which makes it a good upcoming token to invest in.

AVALANCHE (AVAX)

Avalanche (AVAX) which is an altcoin, saw a tremendous windfall gain in the form of a sudden profit at the start of 2021. AVAX was priced at $103.60 per token in December 2021, a 3130.43 percent gain from its initial value of $3.207 per token in January 2019. Analysts estimate that the price of avalanche will rise even more in 2022, reaching $200 after delivering investors with a 34x return over the course of the year. If you are looking for a cryptocurrency that will go big in 2022 you must consider Avalanche, which is a relatively unknown cryptocurrency but has grown to become one of the fastest-growing, with a market valuation of more than $20 billion at the time of writing. AVAX is now available to buy for approx. $84.98 USD.

SOLANA (SOL)

With its market value ranging from as low as $1 at the start of the year to as high as $200 by the end of the year, Solana (SOL) was the cryptocurrency that had the most gains in 2021, making it one of the top cryptocurrencies to invest in for 2022. Solana is now trading at $136.08, making it the seventh-largest cryptocurrency in terms of market capitalization, after Bitcoin and Ethereum. Solana’s success is attributed in part to the company’s own blockchain technology, which blends ‘proof-of-stake’ with Solana’s ‘proof-of-history,’ among other features due to which its transactions become quicker and less costly, placing it in direct competition with Ethereum. Prices for solana are expected to reach $300 per token by the end of 2022.

STELLAR (XLM)

Stellar is an open blockchain network meant to link financial institutions for massive transactions. Bank and investment business transactions that used to be expensive and inefficient can now be completed instantly without intermediaries and a fraction of the cost. While Stellar is marketed as a corporate blockchain for institutional transactions, it is still an open blockchain. Stellar’s currency is Lumens (XLM) and to transact on the network, users must own Lumens. Jed McCaleb, co-founder of Ripple Labs and creator of the Ripple protocol, launched Stellar. In February 2022, Stellar Lumens were worth roughly 25 cents and had a market valuation of just under $6 billion and are expected to grow in 2022.

With these cryptocurrencies, your portfolio can become diverse and you can turn a profit before they become mainstream.


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