Underdog Coins To Eye In 2022
November 23 2021 - 2:10AM
NEWSBTC
Here are some underdog coins that could stay a bit under the radar
until next year as the DeFi and NFT markets are in the spotlight
this year. There are several noteworthy projects in these areas
expected to gain traction in 2022, so it’s worth following them. We
can also expect several new projects to emerge on the scene and
shake things up. Here are some coins to watch headed into 2022. The
3 Altcoins Ready For 2022 Solana (SOL) One of the strongest
altcoins in 2021 that went silent recently but can be expected to
have steady growth in 2022 is Solana. It is built on a
proof-of-history (PoH) consensus mechanism which allows the network
to be more energy-efficient relative to many competitors. While
many standard blockchains rely on a sequential production of blocks
that require confirmation across the network, PoH allows validators
to compute the state of the network from the ledger itself. The
Solana protocol can depend on its own internal clock and sustain a
throughput of more than 50,000 transactions per second. An under
the radar coin that has started gain attention this year, this coin
has seen an astronomical rise in the past few months. This could
come from the several prominent dApps operating on the Solana
network in the fields of DeFi, e-commerce, non-fungible tokens
(NFTs), and gaming. Solana has a market cap of $65 billion
with average volumes of over $1 billion every 24 hours. It is in
the top 10 currencies according to the daily volume. So while
Solana might not be multibagger looking towards early next year, it
offers hot sectors a product with substantial utility. Look out for
Solana to continue its massive gain as it ends the year with a
bang. Sol latest price action via trading view.com | SOL/USDT on
TradingView.com Related Reading Refinable Launches Gaming
Initiative and Sets Aside $150,000 to Support NFT Gaming Waves
(WAVES) Waves is a platform that can be used to build dApps, smart
contracts, and new tokens. It utilizes a proof-of-stake (PoS)
consensus WavesNG and the network’s native token, WAVES. The token
is used as a reward and incentive for mining, payments, and voting.
Since it’s an ERC-20 token, WAVES also makes Waves interoperable
with the Ethereum network. Considerable projects are built on the
platform, including a cross-chain network Gravity, DeFi platform
Neutrino, and crypto exchange Waves DEX. With a market cap of over
$2.3 billion, WAVES token is strongly placed in the top-100 of
crypto coins. Terra (LUNA) Our third project on the list is a
respected and recognized coin by the name of LUNA. This base-layer
protocol uses stablecoins pegged to the popular fiat rates, mot
notably TerraUSD. LUNA acts as a reserved asset and helps to
maintain the price of these stablecoins. In October, Terra
underwent a Columbus-5 upgrade which enabled Inter-Blockchain
Communication (IBC) standard to let users easily transfer LUNA,
TerraUSD, and other assets from Terra, and making it interoperable
with other networks. Immediately after this update, the price of
LUNA token reached a record high of $49.43. The next month, a
current all time high followed at $54.77. We can never tell what
will happen with these coins we can only be hopefully and see what
is in front of us.
TRON (COIN:TRXUSD)
Historical Stock Chart
From Apr 2024 to May 2024
TRON (COIN:TRXUSD)
Historical Stock Chart
From May 2023 to May 2024