In this framework of few certainties about Bitcoin, investors who want to bet on cryptocurrencies should invest in the following three in order not to lose value and bet on growth in 2022:
Solarium
Solana cryptocurrency (SOL) is one of the promises. Its peculiarity is that it is considered a blockchain network superior to the rest of the available projects such as Ethereum (ETH) or Terra (LUNA). This is because the completion of smart contracts occurs at a rate of 50,000 transactions per second. On an annual level, Solana’s price is positive – for this same date it was worth US$14 while at today’s price it is US$80). In the last quarter, its price fell after hitting a maximum and for analysts it is still a product of “high risk and high reward”. However, this year the cryptocurrency is going to have advances.
According to a Goldman Sachs report, “Solana is one of Ethereum’s competitors.” Another of its particularities is that it is a cheap and easy-to-use crypto for developers. Its momentum in recent times came from the hand of NFT releases. For analysts, Ethereum will lose share to rivals like Solana, especially in this market.
Solana increased its user base by 300% since its last update in September of last year and peaked at 299,000 at the end of January. In a complex context like this, the increase in active users is a good sign for any blockchain. This is why Solana can have its ups and downs, but it is a good investment for the whole year.
Polkadot
Polkadot is a state-of-the-art protocol that connects multiple specialized blockchains into a unified network. Designed as part of a broader vision of a network that returns control over Internet monopolies to individuals, Polkadot builds on the revolutionary promise of previous blockchain networks, offering several fundamental advantages over them.
DOT grew 244% in 2021. In February 2021, according to Bloomberg, several large banks invested in Polkadot’s first Exchange Traded Product (ETP). This, they point out in the commented text, is a perfect way to enter the digital asset market without having to buy cryptocurrencies directly.
According to the aforementioned information, Goldman Sachs bought 9,600 shares, Flow Traders took 6,897, UBS acquired 2,770 and JP Morgan took 500. Currently, they explain, ICAP owns 1,000 shares and Bank of America 2,200.
For Jonathan Morgan, forex trader and Quora’s most viewed analyst, Polkadot (DOT) is poised to outperform Ethereum (ETH) in valuation and rise as much as 50% as ETH fails to break above key levels.
land
Since last week, Terra (LUNA) witnessed a couple of magnificent spikes that showed the asset trending towards $100. Currently, the asset after a slight pullback is back on track towards the slightly higher target of just $100.
LUNA price is currently experiencing a huge uptrend after forming a couple of bearish hammers, the price recorded a large bullish candle. There are currently a lot of crazy bets being made on the asset that is more focused on its fundamentals. Despite having suffered multiple pullbacks, the asset is one of the bullish assets over time. And thus, the asset is poised to hit not just a 3-digit figure, but much more.
LUNA price maintains a notable uptrend, reaching the required resistance levels. Once the asset experiences a significant rise, the possibility of the asset exploding is imminent. Therefore, the possibility of the asset lighting up a significant high season for the year 2022 as well.
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Source: Ambito
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