Every month, more developers release their own crypto coins, while established coins grow in value. There are now thousands of crypto coins, and many of these have a promising future within the market. In 2022, we may be seeing certain coins continue to rise, or even reach their all-time price high. So, which coins should you be looking out for in 2022, and why?
1. ARCANE
Arcane’s token, known as ARCANE, is a new face on the crypto market, having only been released in November 2021. However, it’s seen an exciting increase in popularity since then, reaching a 24-hour trading volume of $636,000 and a diluted market cap of over $1.3 million in less than a month. Relative to other cryptocurrencies, you could certainly call these figures small, but it’s important to consider ARCANE’s infancy in the market.
ARCANE saw its peak upon its initial release, a common occurrence in the crypto industry. But it still holds a solid place in the market and is now on the rise again. Considering its past fluctuations, it’s looking like people are still interested in ARCANE, and we may be seeing it take a larger spot in the crypto market in 2022.
Additionally, the platform is focused on investing in worthwhile DeFi projects and is applying for U.S listing on the OTCQB, a mid-tier equity market that lists relatively young American companies. If successful, this could be an exciting development for ARCANE and could further boost their coin’s value.
2. Chiliz
Chiliz coin (CHZ) has been around for almost a year now and has done pretty well for itself since its release, with a current market cap of over $2.6 billion and a 24-hour trading volume of around $317 million.
As with every coin, Chiliz has seen its fair share of ups and downs. However, it’s currently seated comfortably at number 67 in the cryptocurrency rankings and may continue to rise in the ranks throughout 2022.
It’s also worth noting that the Chiliz exchange itself is also the world’s first tokenized sports exchange. So check out their exchange platform if you’re interested in trading tokens directly associated with real sports teams. It’s a pretty novel idea with a promising future.
3. Elrond
Since entering the crypto market in September 2020, Elrond has seen peaks and lows. But its price grew steadily throughout 2021, reaching a peak of $490 in November 2021.
Though its value has decreased a little since then, it’s still doing well within the market, with a 24-hour trading volume of almost $300 million and a market cap of over $7.7 billion. It’s certainly looking like Elrond will continue to grow in prevalence within the crypto world, and it may even surpass its current number 27 position in the rankings.
Elrond is also supported by Maiar, a popular crypto wallet, and staking app. You can earn Elrond using Maiar via staking it through a wide range of providers, where you can earn some solid rewards.
4. Solana
Solana, or SOL, is a pretty big name in the crypto game, currently ranking fifth in the crypto league, next to industry giants like Bitcoin and Ethereum. It has an impressive 24-hour trading volume of over $3 billion and a market cap of around $6.8 billion. It’s a key player, to say the least, and things seem to be getting better and better for this promising crypto coin.
Solana hit a nasty low of around $185 in late November 2021 but is now seeing another significant price rise. With its long-standing position in the crypto market, it’s safe to say we’ll continue to be hearing about this prominent coin in 2022.
If you’re interested in Solana, it’s also worth checking out the wide range of DeFi projects they support, as well as the Rust modules they provide for beginners and the funding rounds they contribute to. The company is very clearly set on supporting viable projects and developers, which could spell even more success for them in the near future.
5. Terra
Terra was founded in 2018 and released its crypto coin, known as LUNA, onto the market in the Spring of 2019. Since then, it’s managed to make a splash in the crypto industry, with a current market cap of over $52 billion and a 24-hour trading volume of around $23.5 billion.
At one point, LUNA saw an impressive increase in value, jumping from $38 to $61 in the space of about a week. Of course, there’s no sure-fire way of knowing what its price will look like in a few months from now, and Terra has experienced a few nasty drops throughout 2020 and 2021, but its past and present trajectory is looking very good.
LUNA has also recently been adopted by crypto exchange Injective and is now supported by Stader Labs for liquid staking. This continued expansion and diversification of LUNA make it a promising crypto coin for the coming years.
6. Avalanche
Avalanche, or AVAX, has been doing pretty well in the crypto market recently, with a price rise of almost 200% between September and December 2021. Along with this, its market cap has risen to over $28 billion and a daily trading volume of over $1.7 billion.
AVAX’s creators are also now working on developing its own network of DApps and DeFi, as well as some exciting integrations with a few Ethereum-based projects. So keep an eye out for more developments on top of the coin itself in 2022.
7. Ethereum
If you’re interested in cryptocurrency, you’ve definitely heard of Ethereum. Behind Bitcoin, it’s currently the most popular and valuable coin on the market (though there’s a considerable price difference between the two). And, things are continuing to get better for ETH, with its price increasing drastically by almost 800% in 2021 alone.
Ethereum’s market cap is also pretty astonishing, currently sitting at around $562 billion and climbing by the day. It has an equally commendable 24-hour trading volume of almost $30 billion. In short, Ethereum continues to rise and is definitely one to watch in 2022.
What’s more, Ethereum is now developing ETH 2.0, an update to the original blockchain that can provide more efficient and environmentally friendly transactions. This is great news for both Ethereum and the crypto market as a whole and makes Ethereum a solid option for those who want to get involved with crypto without doing too much damage to the planet.
9. Decentraland
Decentraland is a pretty interesting platform that differs from many others you’ll see in the blockchain realm. The players in this 3D virtual world rely on crypto-based assets for buying or selling land and objects. And, this platform has developed its own coin, known as MANA.
MANA has been around for some years now. It was initially released onto the crypto market in 2017 and didn’t see any major price rises until 2021 (which makes sense, given the huge boost in crypto popularity over the past year). It has a current daily trading volume of over $1.7 billion and a market cap of around $8.2 billion. Its intriguing VR platform and well-established coin make it an interesting cryptocurrency to keep an eye on in 2022.
10. KuCoin Token
KuCoin is known more for its huge global cryptocurrency exchange than its own coin. The KuCoin exchange is currently one of the biggest in the world, but its currency, KuCoin Token, is now doing pretty well, too.
KuCoin Token has been around since 2017, before its exchange ever took off. However, it took some time for the coin to experience a steady increase in value. In February 2021, this increase began, and KuCoin Token’s price has increased by over 2000%. Along with this, its market cap has risen considerably and now stands at around $2.2 billion. In short, it’s a promising crypto coin backed by a reputable company, making it an interesting watch for 2022.
KuCoin is working to get its token out there, with giveaways on its Twitter and a continually increasing number of trading pairs incorporating KuCoin Token across a number of exchanges.
The Crypto Market Is Full of Potential
One of the cryptocurrency industry’s most notable characteristics is its unpredictability. But this isn’t necessarily a bad thing. The crypto world’s constant rises and falls make it incredibly intriguing, and its ability to make people millionaires overnight gives it its true allure. Though it’s hard to know where any coin will go next, it’s always worth keeping your eye on a promising few as we head into 2022.
Read More:The Top 10 Crypto Coins to Look Out For in 2022
