5 cryptocurrencies you may want to chase in 2022

The year 2021 has been a spectacular year for the cryptocurrencies. Investors and experts are hoping for an exciting 2022 as they are expecting better and evolving prospects. The year may also see a bunch of central bank digital currencies by different countries as most are either trying to regulate the digital currencies or ban them. Many tech giants such as Google, Facebook and Microsoft have recently included cryptocurrencies in their future competitive plans.

Investors are showing high interest in existing as well as newly emerging digital currencies and many researchers do not expect the crypto craze to stop anytime soon.  Though the crypto market is known for its high volatility, in-depth research, studying the market trends, finding about the cryptocurrencies, overall observation can help investors to earn profit in future.   

So, which are the crypto hotdogs for 2022? Though there are many investable cryptos, but let’s take a look at the 5 tokens that may touch new highs in 2022. Always remember that crypto investments are risky, so a thorough check of the token along with market trends should be your first step.

Also read: How about gifting cryptos for Christmas?

1. Dogecoin (DOGE)

Founded in 2013 as a lighthearted alternative to traditional cryptocurrencies like Bitcoin, it turned out to be flourishing and is based on a Shiba Inu meme. There are about 132 billion Dogecoins in circulation and miners claim to produce 10,000 tokens every minute. It is one of the many cryptocurrencies that can show best potential with an expectation of hitting US$0.9 in 2022. Also, there is a massive community of Dogecoin loyal crypto investors to boost its prices in the near future.

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2. Polkadot (DOT)

Founded in 2016, Palkadot is one-of-a-kind proof-of stake digital currency that enables exchange of data across various blockchains. This means it connects various chains together in a single network, enabling them to process transactions in parallel and exchanged data across chains without sacrificing security.  With its ability to create and connect utilities, decentralized apps and organizations may help it stay and show potential in 2022.

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Data: CoinMarketCap

Also read: Top 5 blockchain games of 2021 with massive price appreciation

3. Algorand (ALGO)

Founded in 2017 by Silvio Micali, Algorand is a proof-of stake, sustainable, secure, and decentralised blockchain-based network that supports a wide range of applications. Its test network and main network were launched in 2019. It is known for its transaction speed to process over 1,000 transactions per second and completes those transactions in less than five seconds. It is further working to enhance its speed to over 45,000 transactions per second. Ordinary smart contracts and operations occur on a base layer whereas, complex and decentralized developments take place on second layer, which may attract more investors in 2022.

 Also read: Top 10 trending play-to-earn crypto games of 2021

4. Cardano (ADA)

Founded in 2017, Cardano has laid out a roadmap consisting of five stages to be a truly self-sustained decentralized system. It also launched a smart contact in 2021. It is a proof-of-stake blockchain platform, which is less energy intensive and now working on the last two stages of development, the first to be founded on peer-reviewed research and development through evidence-based method.  It is one of the best cryptocurrencies to show potential in 2022 as it grew exponentially over the years.

© 2021 Kalkine Media®

5. Ripple (XRP)

Founded in 2012 by Jed McCaleb and Chris Larsen, Ripple is a technology that act as digital currency and payment network that provides a faster and cheaper international payment experience in real-time and it runs on a digital payment platform known as RippleNet, which is run by a company called Ripple. The XRP ledger is a non-blockchain based open–source and is one of the best cryptocurrencies to invest in 2022.

 Also read: Will Russia follow China's footsteps with Crypto ban?