Top 10 cryptocurrencies beyond Bitcoin to watch in 2022

It has been barely four days into the new year, and it is already seeing signs of volatility. The market’s volatility seems to be spilling over from 2021, which saw the markets swing drastically with leading cryptos seeing major price rally or bearish phases. At the end of the year 2021, many had anticipated that the month of January would bring in cheer for the investors.

Leading cryptocurrency Bitcoin has been in a stagnant phase for some time since it achieved it all-time high in November 2021 and has struggled in the range of US$40,000-$52,000. Even on Tuesday, Bitcoin was trading at US$46,381.32 with a 24-hour trading volume of US$34,501,833,997. Bitcoin has been down by 1.07% with a live market cap of US$877,790,962,536.

In fact, according to a Bloomberg report, Bitcoin’s market share has seen a steady fall over the years with other tokens proving to be more viable or having more utility. CoinMarketCap survey concluded that Shiba Inu was the most popular crypto of 2021. Similarly, Dogecoin was one of the searched crypto on Google in 2021, highlighting that, investors are more open to explore the altcoins which are far lesser volatile in nature than Bitcoins.

Let’s take a look at 10 cryptos which the investors can consider in 2022.

Dubbed as the Ethereum Killer, Solana had a meteoric rise in 2021. It surged by more than 11,500% and it was one of the cryptos that many believe could outpace Bitcoin in 2022. Solana was ranked 288th on 1 January 2021 and since then, it outpaced many other leading tokens such as XRP, Doge, Uniswap etc. to enjoy a comfortable 5th rank on the CoinMarketCap. Today, Solana is not only challenging the likes of Ethereum but also Bitcoin.

Also: Will Amazon launch its cryptocurrency in January?

On Tuesday, SOL was trading at US$190.32 with a 24-hour trading volume of US$2,265,334,773 and a live market cap of US$58,752,609,037 as per CoinMarket Cap. Solana at the time of drafting was up by 6.38%.

Many market experts believe that Ethereum could outshine Bitcoin this year. It is already one of the most preferred blockchain networks that could get better with the ETH 2.0 launch. In fact, almost 90% of NFT transactions take place on Ethereum. With Ethereum 2.0 update, it is expected that Ethereum will see significant improvement in its transaction speed. Many believe that this upgrade will help Ethereum to improve its network capacity to 100,000 from the current 30 transactions per second.

How well does the crypto performs remains to be seen, but as on Tuesday, ETH has been trading at US$3,802.03 with a trading volume of US$12,685,128,623. At the time of drafting Ethereum was down by 0.58% with live market cap of US$452,514,481,013.

Another crypto that has seen phenomenal rise in 2021 is Polygon crypto. It is perhaps one of the first easy-to-use platforms for Ethereum scaling and development. MATIC token registered more than 10,000% gains in 2021 and will only get stronger in 2022 as per the experts. Many developers are turning to MATIC protocol, which could see its price breakout in 2022, and could end up seeing similar highs like in 2021.

On Tuesday, MATIC was trading at US $2.48 with a 24-hour trading volume of US $1,295,044,435 and a live market cap of US $17,799,579,178 as per CoinMarket Cap. Solana at the time of drafting was up by 0.07%.

The metaverse tokens are another one which saw meteoric rise in 2021 and this could be one of tokens to watch out for in 2022. The MANA crypto is a virtual reality platform which allows users to create, experience, and monetize content and applications. Along with The Sandbox, MANA’s rise began post Facebook’s rebranding as Meta. Recently, a plot of digital real estate was sold for US$82,000. It is fast becoming one of the leading metaverse tokens that has grabbed the attention of the investors.

Also read: Top 5 Web 3.0 Cryptos to explore in 2022

In fact, MANA had registered gains of over 4000% in 2021 with the majority of the gains being registered in October. On Tuesday, MANA was trading at US$3.24 with a trading volume of US $ $402,909,015 over a day and a live market cap of US$5,907,438,779 as per CoinMarket Cap. MANA was down by 2.26% at the time of drafting on Tuesday.

IOTA is a distributed ledger, which offers data security for the IoT devices. Through IOTA crypto, the applications can be connected to appliances such as smart speakers or surveillance cameras. With the 5G expected to be fully deployed in 2022, the MIOTA token could have more value and it is partnering DELL could further see adoption of IOTA more prominently.

On Tuesday, IOTA was trading at US$1.35 with a trading volume of $51,814,610 over a day. MIOTA, at the time of drafting was down by 2.03% and a live market cap of US$3,745,470,744 as per CoinMarket Cap.

Also read: How CBDCs can change global platform in 2022

Avalanche (AVAX) is yet another Ethereum rival, which has done well in 2021, and registered gains of over 3500%. AVAX can be dubbed as a Layer-1 blockchain network which provides a platform to the DApps and other blockchain-based networks.

AVAX started off the year in a great way as it is the only crypto in the top 20 which is in green. It has already set a strong goal for itself in 2022, with its DeFi 2.0 project of Rocket Joe. It also intends to launch a new NFT marketplace of its own in the coming year and could be one of popular DeFi tokens to watch out for in 2022.

On 4 January, AVAX was trading at US $107.09 with a trading volume of US $946,434,755 over a day. At the time of drafting, it was down by 4% with a live market cap of US$26,102,631,995.

Crypto.com is another crypto that has gained in prominence largely due to the sports partnerships. With several big clubs and venues joining hands with Crypto.com, the token has seen a meteoric rise last year. Investors, sport stars, several clubs and sports venues are looking to cash in on the crypto wave. Besides, the fan tokens which are being launched has given it a different market. Cro coin was particularly hot in November month. With several projects already lined up, it could outperform Bitcoin in terms of gains in 2022. 

On 4 January, Cro coin was trading at US$0.563527 with a 24-hour trading volume of US$190,563,450. At the time of drafting, it was down by 3.32% with a market cap of US$ $14,259,155,922.

CurveDao is the decentralised exchange for the stablecoins, which is utilised by an automated market maker (AMM) to manage liquidity. The CRV token in October had raised US$350 million grant for DeFi Projects. The CurveDAO will be distributing 40 million tokens in the next four years and would provide grants to developers for further developing the project.

CRV had registered gains of over 600% and is expected to continue to its good run in 2022 as well. This feature of stablecoins has been drawing the investors to the platform more actively than before and this could catapult it to be one of top performing stablecoins of 2022.

On Tuesday, CRV was trading at US$6.39 with a 24-hour trading volume of US$1,453,113,095 over a day. At the time of writing, it was up by 0.30% with a live market cap of US$2,851,310,947.

The Sandbox is yet another a blockchain-based game, which allows users to create, build, buy and sell digital assets on its platform. With the combination of DAO and NFTs, the Sandbox is one of the most popular play-to-earn games, which incentivises developers and gamers simultaneously. Recently, virtual plot was sold worth US$4.3 million on metaverse using Sand tokens. If the growth of metaverse is anything to go by, then Sand is in for a major haul in 2022.

On Tuesday, SAND was trading at US$5.67 with a trading volume of US$943,272,191 over a day. At the time of writing, it was down 3.10% with a live market cap of US $5,209,543,475.

Terra (LUNA) is a blockchain protocol, which offers fiat-pegged stablecoins to ensure a price stable global system. The Kraken listing on 15 December seems to have lifted the sentiments among the investors who are now seeing it as an able crypto that can take on the likes of Bitcoin, Ethereum etc. Due to its ability to ensure an efficient stablecoin supply, Terra, had registered gains of over 1,200% and has been on the radar of investors for quite sometime now. 

On Tuesday, Luna was trading at US$89.42 with a 24-hour trading volume of US$1,784,626,679. At the time of writing, it was down by 4.30% with a live market cap of US $32,225,481,672.



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