- In 2021, Solana returned about 12,650 percent.
- Avalanche is a popular Ethereum alternative.
Most cryptocurrencies had a bad December. Many prominent crypto’s are trading considerably below recent highs as investors flee risky investments. Consequently, the crypto market will likely remain turbulent in the next year as well.
Let’s look at the top 3 cryptos to watch out for in 2022.
1. Ethereum
Based on market value, Ethereum is already the second-largest cryptocurrency. It also has the most common blockchain. Surprisingly, almost 40 of the top 100 cryptocurrencies are based on the ETH platform.
Ethereum may have a better year in 2021. Phase 2 of the Ethereum 2.0 upgrade is due in 2022. This will apply to the whole Ethereum network. Moreover, the upgraded Ethereum blockchain will be speedier, scalable, less energy-intensive, and have reduced transaction costs by 2023.
2. Solana
In 2021, Solana returned about 12,650 percent. Furthermore, this followed a broad cryptocurrency sell-off in the latter two months of the year. However, Solana is the fifth-largest cryptocurrency by market cap for two reasons. Its blockchain can handle up to 65,000 transactions per second. And it just costs around $0.00025 every transaction.
These benefits have enticed many new developers. Moreover, Solana boasts “the fastest-growing crypto ecosystem” with over 400 projects. Moreover, these initiatives include NFT marketplaces and a variety of DeFi applications.
3. Avalanche
Based on the market cap, Avalanche is the third strongest cryptocurrency. After an almost 3,350 percent rise in 2021, it’s significant enough to be ranked 11th on CoinMarketCap’s top cryptocurrencies list. Furthermore, Avalanche is a popular Ethereum alternative. In several aspects, Avalanche outperforms Solana. Moreover, the revenue from decentralized applications is also higher than Solana.
Avalanche outruns Solana in one crucial section. Adding a transaction takes less than two seconds, making it the quickest blockchain that supports smart contracts.
