With a sped up adoption of blockchain technology, more use cases will be revealed for Chainlink. Already, the company has on-boarded major brand names and proven its sustainability. With a large following and massive investor interest, Chainlink is set to become one of the top new cryptocurrencies released in 2022. Read on to discover what makes this new currency such an attractive investment. The following are the top four new cryptocurrencies to buy in 2022.
Terra
After the recent price plunge, the Terra new cryptocurrency release may be a great time to jump on board. It was one of the darlings of the crypto world just a few weeks ago, and its recovery could result in massive gains for investors. Terra is competing against Ethereum, with Avalanche and Fantom offering similar functionality. In addition, both have big-name developers backing them. However, this recent price drop may be the catalyst for investors to consider other cryptos for their investment strategies.
Shiba Inu
A recent analysis of the Shiba Inu cryptocurrency release dates indicated that the coin will have a strong uptrend in 2022, despite a significant drop in the first week of the new year. The price of the SHIB token was trading at $0.00002171 on 1 February 2022, but the cryptocurrency’s value rose considerably in the following weeks due to the partnership with Welly’s. While the market is likely to recover shortly, analysts have suggested that the meme coin craze could reignite. In addition, an announcement regarding the Shiberse project could drive SHIB prices higher.
EverGrow
The EverGrow Coin (EGC) is a crypto token that is slated to be released in 2022. The coin has been listed on the DigiFinex exchange. This is part of a major drop in April 2022, as there are many other cryptocurrencies on the market. The official Twitter of EverGrow coin teased two upcoming announcements. These announcements will increase the rewards for investors, include strategic coin burns, and re-distribution of profits.
Polygon
A new cryptocurrency called Polygon has been created by a group of people, including CEO Jaynti Kanani and developers Sandeep Nailwal and Anurag Arjun. The group developed this cryptocurrency after seeing that the Ethereum layer was not scalable. They also recognized the need for a system that allows users to send and receive funds with no third-party involvement. In the Polygon Network, the developers have designed a layer two blockchain that sits above Ethereum. The network is made up of multiple PoS sidechains that connect to the root chain. Each individual chain has its own consensus mechanism and block validators.
Decentraland
The Decentraland virtual world is powered by the Ethereum blockchain. The MANA token is a digital currency that can be used to purchase land and in-world goods in the virtual world. Unlike traditional currencies, which are controlled by a centralised organization, Decentraland is governed by a Decentralised Autonomous Organisation, or DAO. In this way, its users are in complete control of their assets.
Binance Coin
The next major launch for the Binance Coin is 2022, which is a little over two years away. It is a great opportunity to invest in this cryptocurrency and its ecosystem, which has exploded over the last few years. While Binance Coin’s recent market crash may have dampened investor confidence, the coin’s trajectory is still positive. The growth of the ecosystem has led to the integration of essential collaborations and the welcome of more users.
PancakeSwap
The new cryptocurrency, PancakeSwap (CAKE), is set to make its debut on the horizon in 2022. A decentralized finance exchange, it will provide a platform for trading cryptocurrencies. The company claims that transactions will be instant and fees will be minimal. It will be a decentralized exchange that uses the Binance Smart Chain to power its operations. The platform is expected to grow rapidly in the future, but its prices are likely to remain volatile in the near term.