Crypto

Next 3 Cryptocurrencies to Watch Out for in 2022

Next 3 Cryptocurrencies to Watch Out for in 2022

Cryptocurrency prices will have their job cut out for them in 2022 after a year like 2021. The asset class has seen some of the most significant surges, followed by some of the most severe crashes; currently, it appears that digital currency will end the year on a high note. There are, nonetheless, some issues in the cards. What will be the next cryptocurrencies to boom in 2022, as concerns about inflation grow?

The stock market has been shaken by the Fed meeting on Wednesday. Investors will become more risk-averse with their portfolios as the corporation looks to dramatically reduce its emergency spending. Furthermore, inflation continues to be a source of concern. Of course, the Fed’s promise to raise interest rates three times by 2022 adds to the gloomy sentiment in crypto.

Therefore, if owners want to keep their cryptocurrencies profitable in the coming year, it’s time to get picky. As we enter the next year, arbitrage tokens, store-of-value plays, and meme coins aren’t going to cut it. Utilitarian plays and rising tech trends will produce winners; these coins and tokens will keep their heads above water and then some.

With that in mind, which cryptocurrencies are expected to lead the pack of winners in the coming year? Take the following role that digital currency plays:

1. Flux (FLUX-USD)

Flux is the smallest crypto on this list, but don’t overlook the network. Flux is certain to be one of the next cryptocurrencies to burst in popularity as Web 3.0 becomes more mainstream. The network, which bills itself as the “Amazon (NASDAQ: AMZN) Web Services of blockchain,” is ready to take on even the most powerful web service providers.

The Flux network is competing with Amazon Web Services (AWS) with its product suite, but while AWS provides software-as-a-service (SaaS), Flux provides blockchain-as-a-service (BaaS) (BaaS). From a performance standpoint, the variations aren’t substantial to the end-user. BaaS products, on the other hand, allow users to take advantage of the benefits of both cloud computing and distributed public ledgers.

Flux’s FluxOS enables for the same kinds of services enormous swaths of the internet tap AWS for; it can execute oracles, it enables anybody to host servers, and it allows anybody to store data, no matter how secret. Most significantly, though, it promises to be reliable. FluxNodes, which keep the network functioning, can be run by users. Users are connected to BaaS services through nodes, and thanks to the global distribution of FluxNode operators, users can be connected to the fastest nodes possible using geographic recognition.

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Of course, everybody who uses the internet in recent weeks has heard about the AWS failures. AWS experienced two disruptions in December. Massive portions of the internet were down during these outages, prohibiting users from accessing several of the most popular social networking and e-commerce platforms, as well as online gaming servers.

2. Solana (SOL-USD)

Solana is already one of the most obvious 2021 victors. The SOL coin has exploded in value; individuals who bought it at $1.40 in early January are now sitting on a 13,000 percent profit at $183.10. The network’s extremely successful venture into non-fungible tokens, for example, can be ascribed to several factors, including high-risk market trends and the network’s highly successful push into non-fungible tokens (NFTs). But it’s Solana’s position to give Ethereum (CCC: ETH-USD) a run for its money as the king of blockchain networks that’s driving this open-source Dapp playground.

The major advantage of Solana is its adaptability. As blockchain becomes more widely used by internet users, there will undoubtedly be an increase in data transfers on these networks. Some networks are simply better at handling higher transaction volumes than others. One such network is Solana’s, which is utilizing this technology.

3. Polygon (MATIC-USD)

Polygon, like the others on this list, is a network designed to keep the blockchain business running smoothly. As the technology gets more widely utilized, the number of active users will present concerns for some of the largest networks, such as Ethereum, a proof-of-work network; even scalability play Solana has seen technical difficulties. Polygon uses layer-2 scaling to avoid any bottlenecks in the future.

The Ethereum network is supported by Polygon. It accomplishes this by acting as a layer on top of Ethereum. Users can move their transactions from the Ethereum chain to the Polygon chain using Polygon. It reduces the amount of traffic on the main network. Polygon can also provide very reduced transaction costs to its users as a result of this.

Users can move transactional data from one chain to another in a variety of ways when using a layer-2 solution. Polygon provides ten different tools for doing so. The network just implemented the Polygon Zero function, which uses zero-knowledge rollup technology to easily transfer data across networks while using minimal energy.

Disclaimer: The author has no direct or indirect holdings in the cryptocurrencies referenced in this article as of the date of publication. The writer’s views are expressed in this article, which is subject to the Zumm.org Publishing Guidelines.

The Author

Oladotun Olayemi

Dotun is a financial enthusiast who specializes in first-in-class financial content, including crypto, blockchain, market, and business, to educate and inform readers.