Despite the fact that the S&P 500 has already outperformed its typical annual total return by more than two times in 2021, when compared to the previous four decades, it’s once again the cryptocurrency market that stole the show.
As of this writing on January 6, the total value of all digital currencies is $2.25 trillion, according to CoinMarketCap.com. That’s up a whopping 191 percent from where it was in 2021 at the beginning of the year. Investors in Bitcoin and Ethereum cryptocurrencies are undoubtedly wealthier right now than they were at the same time last year, owing to the regular outperformance of the “Big Two.” Here are six cryptocurrencies with the potential to triple your money in 2022:
Sushiswap is an Automated Market Maker, which uses smart contracts to create tradable pairs in the market. The value of the sushi token is expected to appreciate over the next few years. Automated Market Makers are a relatively new idea, and their prospects appear bright.
Looking at the SushiSwap price’s continual increase, it’s worth noting how well the SushiSwap price chart has done over time. Its blockchain-enabled functional benefits are beneficial to investors. Not only does SushiSwap assist with profits, but it also provides hope; Users can utilize different Decentralized App features as influencers and thought-leaders because of the share function provided by SushiSwap.
As a result, in the long term, SushiSwap (SUSHI) may have a large fan base that will help it attain new heights. Sushi price could reach up to $30 in the coming years, according to the current price trend and technical indicators like relative strength index.
Uniswap (CRYPTO:UNI) has lately become a popular investment among crypto enthusiasts, in the race for global market share. Indeed, when one considers the fact that Uniswap was founded less than three years ago, the fact that UNI is now one of the top 20 cryptocurrencies by market capitalization becomes even more impressive.
Transaction volumes are the source of value for the Uniswap DEX and UNI token. Every day, Uniswap has handled an average of $1.5 billion in transactions in recent months.
As a result, investors seeking to board a fast-moving train may wish to consider Uniswap right now. Of course, there is some danger in jumping on a train that is going too fast. Indeed, regulators have lately been examining Uniswap’s recent trades. The takeaway is that Uniswap is a good investment, as evidenced by its excellent overall return on investment, well-known development team, and visionary objective.
EOS had a tough year in 2021. During the strong crypto rally that began in early January, the coin’s price rose to $14.77, which was a high for the year. Since then, EOS’ price has plummeted by more than 75%, and its ranking has dropped considerably.
The most significant development in the EOS ecosystem was the announcement by Block.one that it had launched an exchange called Bullish, which is powered by EOS. The firm also disclosed a SPAC agreement with Far Peak Acquisition, taking the value of the startup exchange to more than $9 billion, and promised to share trading features with other digital assets, not just Bitcoin.
Binance’s own Bitgert (BRISE), a Binance Smart Chain-based DeFi protocol, is drawing the attention of the cryptocurrency community. The team is creating a decentralized financial system in which clients may earn, spend, and lend on a peer-to-peer platform. Bitgert coin is only four months old, yet it has already captured the interest of thousands of cryptocurrency investors.
The firm has established a number of initiatives in a short time. The Bitgert Audits, Brise wallet, and Bitgert Swap are three major products the team launched within the first 120 days of the token’s public debut.
There will be more items in the pipeline as a result of the project’s plan. The exchange is scheduled to launch in Q1-2022, and blockchain research has already begun. The two most significant Bitgert products will take the project to another level.
The Centcex cryptocurrency exchange has already made a substantial impact on the crypto world, having only been founded two months ago. Because of the innovative features and services, investors have rapidly come to appreciate the platform.
It will be one of the most successful cryptocurrency exchanges due to its strong security and safety features. It’s a very simple exchange with a tremendous user experience. The project’s main selling points are its outstanding functionalities.
The team anticipates that the Centcex ecosystem will include a variety of products, with 3% of each transaction going toward the development of new products. With a 100% APY staking reward for staked CENX tokens, the project has everything to be the next big thing in the crypto market.
By the end of 2022, Aave protocol aims to exponentially increase its network. Polygon and Avalanche’s DeFi technology enabled the platform to reach greater heights. This boosted Aave’s user base, which in turn resulted in an upswing in on-chain activity on the protocol.
The team at Aave is working to establish a cross-chain governance bridge, which will be required for future scaling. The genesis group established a cross-chain governance bridge, which is crucial.
The AAVE team is currently working on V3. V3 is the third version of Aave’s blockchain network. The objective of the open-source protocol is for capital efficiency, risk reduction, and cross-chain connectivity. Aave is developing a mobile wallet that will be released in 2022, according to a Chinese journalist named Colin Wu.
This year, Aave will begin developing NFT Collateral standards; the DeFi protocol aims to provide a native payments app as part of web3 upgrades that year.