Top 7 Cryptos To Watch During The Final Days Of 2022 - Our Picks
- Tether (USDT)
- Polkadot (DOT)
- Ethereum (ETH)
- Tron (TRX)
- Shiba Inu (SHIB)
- Binance coin (BNB)
- Dogecoin (DOGE)
A Closer Look At The Top 7 Cryptos To Watch During The Final Days Of 2022
With the numerous crypto projects on the market right now, it can be a little bit difficult to determine which projects will flourish and which will go through a price dip as we near the end of 2022. So according to experts, these are the seven cryptos to watch during the final days of 2022.
Tether (USDT) was one of the first and most popular of a group of so-called stablecoins—cryptocurrencies that aim to peg their market value to a currency or other external reference point to reduce volatility. Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations to attract users who may otherwise be cautious.
Tether is just technologically innovative but also features a distinguished group of pioneers and developers, such as Brock Pierce, director of the Bitcoin Foundation. Tether provides unique benefits and is one of the top 7 cryptos to watch during the final days of 2022.
Polkadot is a blockchain-based open-source technology developed by the Web3 Foundation. The foundation is committed to creating an open-source, decentralized web that is user-friendly and fully functional. In recent years, the platform has acquired massive growth, becoming a top high-performing crypto asset in the past year.
DOT has successfully captured investors, traders, and developers alike. While the platform is not as well-known or popular as Bitcoin, there is much anticipation for the success of Polkadot across the industry. Thus, it is one of the top 7 cryptocurrencies to watch out for.
Ethereum is one of the best cryptos to own because it will be the dominant force that fuels the ongoing development of Web3. That means investors are buying a portion of the fuel for the next iteration of the internet that will attempt to decentralize power and lead to overall improvements in theory.
Another practical reason to like Ethereum is that the firm recently switched its consensus mechanism to a proof-of-stake protocol that will use much less energy to mine new coins. The result is much less environmental harm.
Ethereum remains a seminal project in the cryptocurrency space. Given its current low price, now is a good time to buy ETH.
Despite its low price, Tron (TRX) is actually one of the biggest cryptocurrencies in the world. TRX was originally released as an ERC-20 token but has since moved to its own network. It supports smart contracts, decentralized apps (dApps), and other blockchain systems.
The TRX token is used to incentivize content creators; it can also be featured in the dApps created on the platform. A well-developed and established platform, Tron has found its niche and continuously pushes out new updates and upgrades. In addition, the network uses the delegated proof-of-stake consensus algorithm (dPoS) and is energy-efficient and fast, which gives it an edge over similar projects.
Shiba Inu (SHIB)
Shiba Inu is one of the most famous meme coins in crypto today. While the price may have tanked in Q1 of 2022, the hype is still strong in Shiba Inu and meme coins. For this reason, a lot of investors believe that Shiba Inu is a good investment relative to many other cryptocurrencies.
One of the key reasons to consider Shiba Inu is that it is one of the cryptos to watch. Currently, SHIBA is trading at $0.00000811, making it an attractive investment for new investors who want to get into crypto but need more to invest. Since Shiba Inu also has the hype factor, investors expect it to do well long term, further adding to its attractiveness as a cheap cryptocurrency to buy today.
Binance Coin (BNB)
Binance is the biggest cryptocurrency exchange in the world. Binance (BNB) is a native token and one of the most popular altcoins. It is one of the largest cryptos by market cap. After hitting an all-time high of $690.63 on May 10, 2021, BNB proved to be a token with massive potential and an undeniably bullish life cycle. The coin is widely adopted due to its diverse utility and the popularity of Binance as a platform.
Binance Coin’s usage comes in line with Binance’s growth. The asset initially started as a vehicle to raise funds for the exchange, which quickly gained significant traction following its 2017 launch. It grew from an exchange platform to more of an ecosystem under the Binance brand umbrella.
Binance coin (BNB) is speculated to hit $500 before the year ends and around $610 by the end of 2023. Tidy returns are expected for Binance coin (BNB) investors as it maintains its growth over time with minimal falls. This makes BNB one of the top cryptos to watch during the final days of 2022.
Dogecoin was created as a joke currency, but it has since grown into something much more. The altcoin has a large and loyal following, and its popularity has only been increasing in recent months. Thanks to several high-profile endorsements, DOGE has become one of the most talked-about altcoins in the crypto community.
Investors have been taking notice of Dogecoin, and the altcoin’s price has been on the rise. While Dogecoin is still well below its all-time high, it is still significantly up from where it was trading just a few months ago. With more people becoming aware of Dogecoin and its potential, the altcoin’s price will likely continue to rise. This makes DOGE one of the top cryptos to watch during the final days of 2022.