One of the major things you want to do this year as a crypto
investor is to get your finances right. We all know that it's critical for you
to get your money in check in 2022 and that includes me, typing this
article right now. We've compiled a list of some of the coins we believe will
experience significant price increases in the year 2022.
1. Ethereum (ETH)
Performance so far this year: 456 percent
Ethereum is the world's second-largest cryptocurrency,
trailing only Bitcoin. It's been at the top for years, and we don't think any
other coin will be able to beat it.
ETH had a fantastic year in 2021. This year, the coin has
gained 456 percent, making it one of the best-performing big coins. As
cryptocurrency gets more popular, we anticipate that more investors will
continue to buy in 2022.
Because of the blockchain, we're also big on Ethereum. The
Ethereum blockchain remains the most popular, and it is currently undergoing a major
update known as Ethereum 2.0. Here are some things to be aware of when it comes
to Ethereum 2.0:
Ethereum will be upgraded from Proof-of-Work (PoW) to
Proof-of-Stake (PoS) (PoS)
The Ethereum blockchain will become faster and less
expensive to use with Ethereum 2.0.
If Ethereum 2.0 is successful, it will bring more
individuals to the Ethereum blockchain. Ethereum's price will skyrocket as a
result of this.
In Nigeria, where can I buy Ethereum?
Ethereum is available on a few Nigerian-focused cryptocurrency
exchanges, such as Binance, where you may buy it with Nigerian Naira,
stablecoins, and other cryptocurrencies through p2p.
2. Solana (SOL)
Performance so far this year: 10,740 percent.
Another coin we're excited about is Solana. It has already
increased by 10.740 percent this year, and it appears that the coin is only
getting started.
The Solana blockchain is the only one that has the potential
to challenge Ethereum's dominance. If nothing else, that's reason enough to be
a big fan of Solana. It has exploded in popularity this year, and more
individuals are using it to solve problems with the Ethereum blockchain.
Among the "Ethereum killers," Solana has become
the most popular. These are blockchains that have attempted to usurp Ethereum's
dominance by luring developers to build apps on them.
Whether the Ethereum 2.0 upgrade occurs or not, we're confident that Solana's user base will continue to expand.
3. Bitcoin (BTC):
Performance so far this year: 76.3 percent
Although it may sound cliched, Bitcoin remains one of the
finest cryptocurrencies to invest in. It is still the most valuable coin, and
none of the other coins threatens its dominance.
There are numerous reasons to purchase Bitcoin at this time.
It was able to maintain its stability throughout the year, despite many market
downturns. If anything, this demonstrates that Bitcoin isn't a toy.
There's a lot to be thrilled about heading towards 2022.
Countries such as the United States are rumoured to be considering regulating
Bitcoin. This will increase its legitimacy and attract more people to purchase
and invest in it.
Even in the absence of regulation, several of the world's
largest corporations have invested in Bitcoin. Tesla, Block (previously
Square), and MicroStrategy are among them. Bitcoin has also attracted the
attention of a number of well-known figures. These are some of them:
Tesla's CEO and the world's richest man, Elon Musk
Twitter's founder and Block's CEO, Jack Dorsey
Apple's CEO, Tim Cook
Dalio, Ray (a billionaire hedge fund manager)
In 2022, we expect more prominent names to invest in
Bitcoin.
Furthermore, we anticipate the legalization of Bitcoin in
other nations. El Salvador made headlines when it declared Bitcoin
legal tender, and there have been suggestions that other governments may follow
suit. For the time being, fingers crossed.
In Nigeria, where can I buy bitcoin?
Top cryptocurrency exchanges in Nigeria, such as Binance, are
your best bet if you want to know where to buy bitcoin in Nigeria. Bitcoin may
simply be purchased using Naira or USDT.
4. Chainlink (LINK)
Performance thus far this year: 80.2 percent
Chainlink, unlike Ethereum and Solana, does not use a
blockchain. It is, instead, a data oracle.
To function properly, blockchains require access to several
types of data. Some of this information, though, isn't available on the
blockchains themselves.
Here's where oracles come in handy.
Oracles are technologies that assist in the connection of
these blockchains to other data sources. They secure the effectiveness of blockchains
by doing so.
The most popular blockchain oracle on the market is
Chainlink. Chainlink is essential for app developers to ensure that their apps
run properly, hence it plays an important role in the blockchain and crypto
markets.
In 2022, we expect more people and businesses to use blockchains. If this happens, Chainlink's – and its LINK coins' – adoption will surge. As a result, this coin has a promising future.
5. RIPPLE (XRP)
Performance so far this year: 334.6 percent.
Once upon a time, XRP was the third most valued
cryptocurrency on the market. Although it has since decreased in value, XRP
remains a significant player in the cryptocurrency world.
Part of the reason for the steep dip in XRP is that its
creator, Ripple Labs, was sued by US regulators for fraud. The complaint was
filed in December of the year 2020, and both parties will continue
litigating in the courts until 2021.
However, many in the industry believe that XRP's prospects
are improving. Ripple Labs believes it will be able to resolve the SEC issue by
2022, which will be a big boost for XRP.
XRP has managed to produce 346 percent returns throughout
the year, despite the litigation. We expect XRP to reach the moon if Ripple
Labs wins this lawsuit.
6. Binance Coin (BNB)
Performance so far this year: 1,332.9
percent
Binance's native token, BNB, is the world's largest
cryptocurrency exchange. Users of Binance can obtain the coin and benefit from
features such as lower trade fees, faster transactions, and trading, among others.
The reason we chose BNB is because of its ties to Binance.
Binance, being the world's largest cryptocurrency exchange, commands a
significant share of the cryptocurrency market. BNB has enjoyed significant
benefits as the exchange has grown.
BNB, for example, has increased by 1,332 percent this year
alone.
Binance may potentially go public in the next year or two,
according to certain reports. Coinbase, the company's main competitor, went
public in April and has been fairly successful thus far. Imagine how high BNB
could go if Binance performs the same thing!
7. Dogecoin (DOGE)
Performance so far this year: 4,050 percent.
Dogecoin is the most popular meme currency in the world.
Thanks to its enormous online audience, our favourite joke coin was able to
generate incredible returns this year. Throughout 2021, celebrities such as
Miley Cyrus, Snoop Dogg, and even Elon Musk were able to leverage their
celebrity to enhance the price of DOGE.
We anticipate that DOGE will take a more serious turn in 2022. It has so far managed to exist just on vibrations, which is fine. DOGE, on the other hand, will require a specialized use case if it is to truly appreciate in value.
Elon Musk has recently been talking a lot about DOGE, which
is interesting. He asserted that DOGE is a better payment option than Bitcoin and that Tesla will soon begin accepting DOGE for merchandising.
In 2022, we expect DOGE will have additional ways of usage.
DOGE's adoption will grow even faster as a result of this, as will its price.
Where Can I Get These Coins in Nigeria?
Crypto exchanges are your best chance if you want to get
your hands on any of these coins. Exchanges such as Binance make it easy to buy
cryptocurrency in Nigeria. You will benefit from features like rapid
transactions, cheap fees, and excellent customer service.
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