The blockchain community is growing fast and so are the number of different projects. The market cap increased massively in 2017, but so did the number of cryptos. There are currently over 1,500 cryptocurrencies listed on Coinmarketcap. As this list has grown extensively it has become increasingly difficult to keep up with all that is happening. It’s hard to predict which projects will succeed and which ones will fail.
In this article, we’ll take a look at where crypto stands in 2021 and where it is headed in the future.
3 Cryptocurrencies That Will Succeed in 2022
Several different cryptocurrencies could potentially succeed in 2022. Here are three of them:
Bitcoin
Bitcoin is the oldest and most well-known cryptocurrency. It was created in 2009, and it’s the most valuable currency on the market. Not only that but it is also considered to be one of the most secure cryptocurrencies out there. While it is getting pricier every year, BTC is still relatively affordable for investors willing to buy in now.
Bitcoin has seen massive growth over the past few years. As with many other cryptocurrencies, the number of users of BTC has increased exponentially. The community of Bitcoin is strong and loyal to their favorite currency. There are many reasons why Bitcoin will continue to succeed in 2022; some of them include its long history, high liquidity rate, consensus algorithm (PoW), and use cases.
Ethereum
Ethereum was created by Vitalik Buterin in 2015, to introduce decentralized apps. This cryptocurrency is second to Bitcoin in terms of market cap. It provides a platform where developers can build decentralized applications on top of it. The blockchain network has some key advantages over BTC; most notably its high speed and low transaction fees.
Ethereum continues to grow at a staggering rate. Many new projects are coming up on their blockchain; some include prediction markets and decentralized exchanges. This cryptocurrency has a strong and loyal community, and they continue to develop new techniques that could make it even more attractive to investors in the future.
NEO NEP-5 Tokens
NEO is one of the most promising cryptocurrencies out there. It was created in China but has since migrated to the US. The network is also known as “Ethereum’s killer” due mainly to its strong cryptography and security features. This cryptocurrency operates under a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism; this makes it one of the most energy-efficient cryptocurrencies on the market today.
There are many key advantages of NEO over Ethereum. It allows developers to build decentralized applications on top of it, just like Ethereum does. However, NEO can also be used by companies for smart contracts and digital assets. The platform has a strong community that is growing fast, especially in Asia where most of its users are based. Other reasons why this cryptocurrency could potentially succeed in 2022 include its low transaction fees, high-security features, and strong cryptography.
Why There Is So Much Confusion Related To Crypto
There are several reasons why there is so much confusion related to crypto. The first reason is that the market is constantly changing. New cryptocurrencies are being created all the time, and many of them fail. It’s hard to keep up with all that is happening in the crypto world, and it’s even harder to predict which projects will succeed and which ones will fail.
Another reason for the confusion is the lack of regulation in the crypto world. This has led to a lot of scams and fraudulent activities. It’s hard to know who to trust in the crypto world, and many people have lost money by investing in projects that turned out to be scams.
The final reason for the confusion is the complex technology that underlies cryptocurrencies. Many people don’t understand how cryptocurrencies work, and this has led to a lot of misunderstandings and fear around crypto.
How Crypto Can Succeed In The Future
There are several ways in which crypto can succeed in the future. The first way is by becoming more regulated. This will help to improve trust in the crypto world, and it will also make it easier for people to invest in cryptocurrencies.
Another way that crypto can succeed is by becoming more user-friendly. The technology underlying cryptocurrencies is complex, and this has led to a lot of confusion among users. Cryptocurrencies need to be made more user-friendly to attract a wider audience.
Lastly, crypto can succeed by becoming more mainstream and being integrated into more businesses. As mentioned earlier, there are plenty of use cases for cryptocurrencies in the real world; they need to be explored further by businesses.
Will Cryptocurrency Be The Future?
According to most cryptocurrency news today, the future looks bright for cryptocurrencies. While several challenges need to be overcome, the potential benefits are too great to ignore. Cryptocurrencies have the potential to revolutionize the way we do business, and they could also make our lives much easier in the future. We can only wait and see what the future holds for cryptocurrencies, but they will play an integral role in our lives in the next few years.
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