Choosing the best cryptocurrency to monitor or invest in can be extremely difficult most of the time, especially for newbies, because there are over 18,000 cryptocurrencies accessible for trading or investment in the market.
Most traders and investors today lack the expertise to monitor the best coins correctly and successfully, which is why this piece will go over the top 5 coins to watch in 2022 so that you can be familiar with them before they soar in value in the nearest future.
What should always be on your mind as an investor when looking for a project to invest in is simply – “the proven features within a project that will attract other investors, both large and small.”
As a result, they are worth being watched very closely in this period when they have not gained very wide adoption like Bitcoin and Ethereum.
However, according to the outstanding features that are always expected to be found inside crypto projects, here is a look at the top 5 cryptocurrencies investors and traders should watch out for in 2022:
Ripple (XRP)
Ripple is mostly utilized as a cross-border payment method, which makes it incredibly valuable for everyone, regardless of location. It is a payment protocol that processes international money transactions using blockchain technology.
Ripple (XRP) offers low transaction costs and very rapid processing times because of its usability, and several financial institutions use its technology. While keeping an eye on this crypto-token, keep in mind that it is frequently dealing with high-profile challenges, particularly in the United States.
Since late 2020, the Securities and Exchange Commission (SEC) has started launching lawsuits against it. As a result, this legal issue it’s facing most times hurts its price. The last few weeks have been pretty bad for SEC. Multiple reports and findings have revealed that SEC is all set to lose the deposition and the lawsuits. Whenever this happens, the XRP token price will explode!.
Polygon (MATIC)
Polygon (Matic) has always been on the top list of crypto investors, both for the long and short terms. Polygon offers some features that are entirely different from mainstream cryptocurrencies used for transactional purposes and Defi coins which power issuing blockchains and decentralized applications. It is an ERC-compatible project that aims to streamline the relatively faster processing speed of decentralized applications built on the Ethereum Network.
Although some of the features and utilities offered by Polygon (Matic) could have been seen in emerging projects, which renders those features now to be common, it’s worth investing in as it serves as their source.
Mr Mint (MNT)
Mr Mint is a relatively new project that aims to create a truly sustainable currency with real-world applications and utilities. Mr Mint is the world’s first token whose value is supported by real-world cryptocurrency mining, with an extremely simple concept: it intends to give endless opportunities for millions of people who want to engage in the massively sought-after industry of “Bitcoin and Crypto mining” with a limited investment. Adding to that, the project is also delving deeper into the benefits of providing decentralized storage to DApps through the Web3 framework. That’s not it, NFTs and the Metaverse are the next steps in their roadmap.
When a user purchases MNT coin, a mining infrastructure is built, and the mining rewards are pumped back into the MNT token’s liquidity and market cap. The bought-back tokens are then burned, reducing the circulating supply, making it a win-win sustainable asset. It is not news that millions of people around the world have considered how they could make enough money from cryptocurrency mining, but regrettably, 90% of them lack the necessary capital and knowledge to enter the field.
This project is attracting both small and large investors because it does not require a large sum of money to participate in and to enjoy its additional benefit, especially if you think you’ve missed the crypto mining bus and won’t be able to participate in this ever-growing and evolving industry. You only need to go to their official website and see how you can take advantage of the chance before it is too late.
Verasity (VRA)
Verasity (VRA) is a video-sharing network that caters to content creators and compensates viewers with VERA tokens (ERC-20 compatible tokens) for just watching content, sharing videos, watching advertising, and referring friends. This project allows viewers to support their favourite channels by using VeraSparks, a smart contract that allows users to buy and own a share of a channel and be rewarded with profits when the channel expands in the future. Due to this great use case, the token is good to keep an eye on; but it should be mentioned that VRA causes a lot of commercial controversies, which makes it unpopular in the crypto world.
Veracity presently holds two patents for its Proof-of-View(PoV) consensus mechanism. As a result, the VRA token is more likely to rise in value as the gaming ecosystem booms. Also on the horizon is a Binance exchange listing. So, before both of the above events, it’s best to stock up on VRA tokens.
Decentraland (MANA)
MANA, a cryptocurrency that drives one of the most popular metaverses, “Decentraland,” provides users with an entirely virtual environment in which they can own, operate, and trade. Decentraland is a full-fledged alternative to our lives built from the ground up by people. Many have also maintained that Decentraland (MANA) is the Bitcoin of the Metaverse.
Never a bad idea to load up on the #1 ranked token of the Metaverse, as several huge firms, including Facebook and Microsoft, are making attempts to enter and expand their brands to the Metaverse.
Closing Thoughts
After intensive research, these 5 coins are proven to be real gems based on their utilities, visions, roadmaps, and whitepapers. As previously said, investors are always drawn to the interesting elements that can be found within a project. As a result, before their real utilities are widely recognized, this is the best chance for you to be early.
Read More:Top 5 Coins to Watch Out For in 2022
