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You’ve probably heard about the incredible growth of some cryptocurrencies in recent years. According to RecentCoin, more than a thousand coins are created every day. Sometimes, one random (or not) tweet can both increase and decrease the rate of cryptocurrencies. This, in turn, attracts the interest of many people who want to make good money with minimum effort and time.
And, of course, everyone wants to know what will happen to the cryptocurrency market in 2022. Experts predict that this year, most traders and holders will invest in Metaverse coins. Users are recommended to track the performance of The Metaverse Index, which has recently demonstrated higher profitability than Ethereum.
McDonald’s joke leads to the creation of a new cryptocurrency
A comic post on the official Twitter page of the fast-food restaurant chain “McDonald’s” led to the creation of a new cryptocurrency. Even though the public didn’t get the joke, the asset rate increased by more than 2800 times.
This happened after Tesla CEO Elon Musk tweeted that he’d eat in McDonald’s if the fast-food chain accepted Dogecoin. On January 26, the billionaire received the following answer: “Only if Tesla accepts Grimacecoin”.
After that, at least ten Grimace Coins appeared on the Binance Smart Chain Network. One of these coins started trading at $0,0007 and reached $2 (i.e. its growth exceeded 285,000%) within a few hours, after which it crashed to $0,60.
Should you invest in cryptocurrency in 2022 and why?
If you really understand what cryptocurrency is and how it works, then the answer is yes!
It is important to bear in mind that cryptocurrencies remain high-risk investments. However, having extensive investment experience, you can earn good money or invest in the future.
You need to invest in the cryptocurrency that suits your needs and requirements. And of course, this should one of the cryptocurrencies with the most potential.
First of all, cryptocurrencies should be easy to understand, and their exchange and withdrawal mechanisms shouldn’t be time-consuming. This means that the project should be not only perspective but also technologically advanced. Such a project is offering (or will soon offer) good opportunities to earn extra income.
The best crypto coins to invest in 2022: Uniswap (UNI) (Ethereum platform), Chainlink (LINK) (Ethereum platform), FTX Token (FTT), Aave (AAVE), The Graph (GRT), DAO Maker (DAO), SHIBA INU (SHIB), Thorchain, Brewlabs.
Cryptocurrency price forecast for 2022
Bearish phase for Bitcoin. Some experts believe that bitcoin could drop sharply in the coming months because it is already below $50,000, which is almost 30% less than its peak.
Transformation to DeFi. Altcoins like Ethereum have started to play a big role. Analysts expect the trend to continue next year. New cryptocurrency developments such as decentralized finance are likely to be the areas of highest growth for cryptocurrencies.
Focus on regulation. In 2021, government agencies have shown more interest in cryptocurrency: China has completely banned any activity related to it, and the US authorities have suppressed certain aspects of the market. Experts say that one of the key areas that regulators will focus on next year will be stablecoins.
The competition in the cryptocurrency market is really high. Only the projects that offer highly efficient tools and products can survive in the digital world, let alone make it in the top 100 crypto coins. Therefore, before issuing another crypto coin, you need to understand for whom it is destined and what its advantages are. The method of creating a cryptocurrency depends on its purpose.
