The cryptocurrency market is a highly volatile place. You may not even know what you’re getting yourself into. Whether you’re looking to invest in a new cryptocurrency or you’ve already made a decision to invest, the risks involved are high. However, there are some great new projects launching in 2022 that you may want to consider. Here are some to look out for:
Axie Infinity (AXS)
In anticipation of the cryptocurrency market’s recovery, the Axie Infinity (AXI) coin is presently trading at about $60. It is a highly volatile cryptocurrency that could see a dramatic price increase by 2022. Axie Infinity’s current price could double by 2023. However, some analysts predict a bumpy ride for all crypto in 2022.
Algorand
The Algorand cryptocurrency is a promising blockchain technology that enables users to make payments and settle transactions anytime and anywhere. Its high transaction speed and decentralized architecture allows confirmation of transactions to be processed in a fraction of a second, ensuring minimal fees. The Algorand platform can be used to build decentralized exchanges that are safe, trustworthy and efficient. Here are some benefits of Algorand.
Harmony (ONE)
The ONE token from Harmony is poised for a strong growth potential in the broader crypto market. While the token may never reach its current value, its fundamentals are sound enough to support a sustained growth path. This is particularly important in the volatile crypto market, where digital assets are subject to sudden value moves. Therefore, it is important to evaluate the future prospects of Harmony and its ONE token before deciding to invest in it.
Fantom
The price of Fantom has exhibited huge rally during the last few quarters. In April 2021, it was priced at $0.01648, but then plunged to $0.2524. The price gained momentum again as ChainLink price feeds were enabled on the Fantom Testnet on June 30th. On September 9th, 2021, the Fantom POS token crossed the $1.7 milestone. Later that month, China’s stock markets seized up and the asset crashed to $0.9896.
Aave
If you are thinking about buying cryptocurrencies, you may be wondering how much Aave will cost in 2022. The price of Aave will likely go up if investors follow the right strategy. AAVE is currently ranked number one in the crypto lending industry, and is on track to dominate 15% of the DeFi market by 2022. This means that it is primed to take advantage of the industry’s growth in the future. According to one estimate, the price of Aave will reach $960 in 2022, which is more than 350 percent higher than it is now. However, it is important to understand that AAVE can experience volatile price swings, including bullish trends, bear pinning down, and erratic behavior.
Zilliqa
Investing in the Zilliqa cryptocurrency is a great way to take advantage of the growing interest in blockchain gaming and metaverse. In March 2022, Zilliqa announced a metaverse project called Metapolis. Metapolis has already been the site of fashion shows, concerts, and entire concerts. This new project is already generating a great deal of interest, and it will likely continue to do so.
Persistence protocol
If you are interested in decentralized finance, Persistence is the blockchain solution to your problem. This protocol provides the infrastructure necessary for decentralized finance to interact with cryptocurrencies, allowing real-world assets to be used as collateral. Currently, DeFi platforms are largely based on fiat, and real-world assets cannot be used to secure loans or earn returns. This new protocol will change all of that. Investing in Persistence now will yield a significant return in the future.
Lucky Block
As of February 20, 2019, the launch of Lucky Block has been delayed by two weeks, but the hype surrounding it is already in the air. Recently, the crypto was listed on DEX PancakeSwap, one of the most popular exchanges for BEP-20 tokens. In a move to get ahead of the competition, the launch date was accelerated two weeks, thanks to mentions in The Herald and The Economic Times of India. Before investing in Lucky Block, however, it’s important to remember that it’s not a good time to lose money. Experts recommend only investing a small amount of money in this new cryptocurrency, and not gambling your entire life savings on it.