The cryptocurrency market exploded in 2017, with Bitcoin reaching an all-time high of $19,783 on December 17th. With cryptocurrencies still on the rise, it’s difficult to predict which coins will be worth watching out for in 2022. If you want to trade bitcoin, Bitcoin Trader would be the best platform.
Here are eight cryptocurrencies that have shown promise this year and deserve a closer look.
1) IOTA
IOTA is a cryptocurrency that focuses on providing secure and fast transactions for machines in the Internet of Things (IoT) industry. IOTA has already partnered with major companies, such as Microsoft, Volkswagen, and Bosch. The currency’s market cap currently stands at $11.19 billion.
IOTA is a unique cryptocurrency because it does not use a blockchain like Bitcoin or Ethereum. Instead, it uses Tangle, which allows for faster transaction speeds and scalability. IOTA also charges no fees for transactions.
IOTA should be on your radar if you’re looking to invest in cryptocurrencies with a bright future.
2) Ripple
Currently, Ripple is trading at $0.51 and has a market cap of around $22 billion. In the last 24 hours alone, it has seen over 37% gains! That’s almost double from its Thursday low of $0.2691. With this pace, we might see XRP reach as high as 0.75 or even go to a dollar by May next year – that would be an increase of 150-200%. If you don’t have any Ripple now but want some long-term hold – buy now before prices start going up again.
3) Stellar Lumens
The future of the Stellar Lumens coin is not set in stone. There are signs that its value may drop to $0.0034 by March 2020, but there’s also a chance it could climb as high as $13 per unit by December 2022 – an increase of more than 300%. That said, it all depends on whether Bitcoin will continue to surge like crazy or if altcoins like LTC and XRP can take over some market share from BTC at some point during this time frame.
4) NEO
NEO is a smart economy platform that enables the development of digital assets and smart contracts. It is often referred to as China’s Ethereum. NEO has been one of the most impressive cryptos over the past year, with its price increasing by more than 10000%.
5) Cardano
Cardano is ranked as the fifth-largest cryptocurrency with a market capitalization of $18.50 billion and holds the value of 0.09 US Dollars with its current price (24th January 2018). The platform uses the “Ouroboros” algorithm, which is more reliable than the PoS mechanism used in other cryptos like NEO or Lisk because it supports better security measures against manipulations during transactions.
6) Dash
Dash is a privacy-centric cryptocurrency that offers quick and cheap transactions and private transactions through its PrivateSend feature. In addition, Dash also has a self-governing and self-funding model that allows it to remain independent from outside influence.
The Bottom Line
Crypto is an exciting, volatile, and rewarding investment opportunity. With the right approach, you can turn $20 into a million in just over six years if prices continue to increase at their current rate. If you’re just starting out, then you must make a choice from the above mentioned options.
