With the rise of Bitcoin and other cryptocurrencies, more and more people are looking to invest in this new asset class. But with so many different cryptocurrencies out there, it can be challenging to know which ones are worth investing in; read more here if you are interested in investing.
This article will highlight some of the cryptocurrencies that you should watch in 2022.
Ethereum
Ethereum is a decentralized platform that runs smart contracts. These contracts are used to create decentralized applications (apps). Ethereum is one of the most popular cryptocurrencies and is currently ranked second in market capitalization. It also leads the way in terms of NFTs—the latest craze in virtual investment vehicles.
Bitcoin Cash
Bitcoin Cash is a fork of Bitcoin. It was created in August 2017 to solve the problem of scalability that was affecting Bitcoin. Bitcoin Cash is currently ranked fourth in terms of market capitalization.
Litecoin
Litecoin is a peer-to-peer cryptocurrency that was created in 2011. It is similar to Bitcoin but has a shorter block time and uses a different hashing algorithm. Litecoin is currently ranked sixth in terms of market capitalization.
Zcash
Zcash is a privacy-focused cryptocurrency that was launched in 2016. It uses zk-snarks, allowing users to make transactions without revealing their identities. Zcash is currently ranked seventeenth in terms of market capitalization.
Monero
Monero is a privacy-focused cryptocurrency that was launched in 2014. It is based on the CryptoNote protocol and uses ring signatures to protect user identities. Monero is currently ranked eleventh in terms of market capitalization.
Stellar
Stellar is a decentralized platform that allows for the issuance, transmission, and exchange of digital assets. Stellar is based on the Ripple protocol and described as a “bridge between financial systems”. Stellar is currently ranked twelfth in terms of market capitalization.
IOTA
IOTA is a distributed ledger technology that provides secure payments and data transmission for the Internet of Things (IoT). IOTA is currently ranked sixth in terms of market capitalization.
Cardano
Cardano is a blockchain platform that is designed to run smart contracts. Cardano is currently ranked seventh in terms of market capitalization.
EOS
EOS is a decentralized platform that runs smart contracts. EOS was launched in June 2018 and is currently ranked fifth in market capitalization.
TRON
TRON is a decentralized platform that allows for app creation and hosting. TRON was founded by Justin Sun, the founder of the popular live-streaming app Peiwo. TRON is currently ranked ninth in terms of market capitalization.
NEO
NEO is a blockchain platform that allows for the creation of digital assets and smart contracts. NEO was founded in 2014 and is currently ranked eighth in market capitalization.
BitShares
BitShares is a decentralized platform that allows for the creation and trading of digital assets. BitShares was founded in 2014 by Charles Hoskinson, who later went on to co-found Ethereum. BitShares is currently ranked eighteenth in terms of market capitalization.
Binance Coin
Binance Coin is a cryptocurrency that was created by the Binance exchange. It’s used to pay fees on the Binance exchange, and it also has a built-in staking mechanism that allows users to earn interest on their holdings. Binance Coin is currently ranked fifteenth in terms of market capitalization.
KuCoin Shares
KuCoin Shares is a cryptocurrency that was created by the KuCoin exchange. It’s used to pay fees on the KuCoin exchange, and it also offers a staking mechanism that allows users to earn daily rewards. KuCoin Shares is currently ranked twenty-sixth in terms of market capitalization.
HedgeTrade
HedgeTrade is a decentralized platform that allows users to buy and sell predictions about future events. HedgeTrade was founded in 2018 and is currently ranked ninety-ninth in market capitalization.
In conclusion
These are just a few of the many cryptocurrencies worth keeping an eye on in 2022. As the cryptocurrency market grows, more and more cryptocurrencies will likely emerge as leaders in the space. Novice traders must do adequate research before investing in any new financial instrument – especially crypto – as it is volatile by nature.