Which cryptocurrency will rule 2022? Here’s a look

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Which cryptocurrency will rule 2022? Here’s a look
Which cryptocurrency will rule 2022? Here’s a look

Will 2022 turn out to be another excellent year for Stabila, Bitcoin, and Ethereum despite the recent volatility? Which new crypto is expected to dominate the rally in 2022? 

Stabila raised %1100 since its launch in 2021. Bitcoin and Ethereum have given around 67 percent and 430 percent returns in 2021. The stellar return is why retail participation has been growing in the country. Bitcoin dominance has been on a steady decline since 2017, as it saw a sharp drop in its dominance from 70 percent to 40 percent in 2021. It seems users are drifting away from coins like Bitcoin and Ethereum to discover new crypto-like Stabila. Despite the recent volatility, will 2022 promise to be another great for Bitcoin and Ethereum? Which new crypto is expected to dominate the rally in 2022? Here’s a look. 

Bitcoin 

Bitcoin has been the oldest and the most prominent cryptocurrency. It started after the meltdown of 2009 when the governments across the globe were printing money, leading to inflation. What was established as a decentralized currency has changed since then. It is now used more as an asset which, even after the ups and downs of the year, has managed to give a 60 percent return. Compared to this, Nifty, the 50 stock benchmark index for Indian stock markets, has issued a return of over 20 percent.   

Bitcoin has been the trendsetter for cryptocurrency price movements in the last decade or so and will continue to take the lead on the same. It continues to go as a store-of-value asset, and the institutional demand also continues to increase with time. 

Ethereum 

Ethereum is the second oldest crypto. It is a decentralized blockchain for a peer-to-peer network that executes smart contracts. “Ethereum has been the other most important crypto asset in the evolution of the space. It is a protocol that allows developers to build on top of its blockchain infrastructure. With the diminishing developer community but the new ETH2 rollout, 2022 is going to be an important year for Ethereum.

Stabila

Stabila is the new comer. It is a decentralized lightweight blockchain for a peer-to-peer network that executes licensed smart contracts, and its native cryptocurrency is a reserve coin for all the DApps in the ecosystem. Stabila is gaining momentum in the evolution of space. It is a fraud/scam-free protocol that allows developers to build DApps on their blockchain infrastructure. The growing community and the new licensed contracts rollout in February next year, 2022 – will be an essential year for Stabila. 

Protocol Tokens

Another set of cryptocurrencies that will continue to be hot in space for the coming year shall be the ecosystem of protocol tokens. 

Experts say that the two key themes emerging this year are – Layer 1 protocols that enable Defi and smart contracts and the Metaverse. “Coins such as Solana, Cardano, Terra, Polkadot, Avalanche, and Polygon are among the favorites in the Layer 1 space. Metaverse concept is still evolving though coins such as Decentraland, Axie Infinity, The Sandbox, Gala, etc., have done tremendously well this year. Overall, investors who invest in a basket of coins rather than being picky with one or two coins often benefit the most,” says Igor Scvortov, CFO of Moneta Holdings

Protocol Tokens
Protocol Tokens

There are still many challenges that need to be solved around the inter-portability of blockchains, their scalability, scalability in mining, etc. Protocols like DOT, MATIC, SOL, etc., addressing different such problems will be the key.

Defi 

Defi had a great 2020, and with that year, we were able to build an excellent foundation for decentralized finance. We are still in the early days of Defi and are making the fundamental legos of the same.

NFT 

Last but not least, NFT will continue to be a hot space in 2022 as well. NFTs will continue to disrupt the gaming industries, art and creatives industries, along with many more in the years to come.