Top 3 Altcoins With Huge Potential in 2022

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  • Ethereum has been up 3.10% in the last 24 hours.
  • PancakeSwap lets users harvest tokens like CAKE and SYRUP.

Let us look at the top 3 altcoins with huge potential in 2022.

Ethereum (ETH)

The price of Ethereum has begun to rise steadily. For ETH to continue rising in the foreseeable future, it must first surpass $2,980 and $3,000 in price. Ethereum breached even the 100 hourly simple moving average and the $2,900 mark. It finally broke over $2,950, and the price moved as high as $2,969 before easing back down. Currently, it is consolidating gains under the $2,980 resistance zone. The altcoin may begin a downtrend if they fail to raise over the $2,980 barrier.

According to CMC, the Ethereum price today is $2,929.27 USD, with a 24-hour trading volume of $17,996,004,701 USD. Ethereum has been up 3.10% in the last 24 hours.

PancakeSwap (CAKE)

Decentralized finance (DeFi) application PancakeSwap is an automated market maker (AMM) – a decentralized application that lets users swap tokens, providing liquidity through farming and generating fees in exchange. When users deposit money into a pool, they obtain liquidity providers (LPs) tokens. A percentage of the trading costs may also be reclaimed using these tokens in the future. Additionally, PancakeSwap lets users harvest tokens like CAKE and SYRUP. For example, users may earn CAKE by depositing LP tokens on the farm.

According to CMC, the PancakeSwap price today is $7.70 USD with a 24-hour trading volume of $145,495,992 USD. PancakeSwap has been up 1.74% in the last 24 hours.

dYdX (DYDX)

Tokens of the dYDx (DYDX) layer 2 protocol of the eponymous non-custodial decentralized cryptocurrency exchange are called governance tokens. It enables traders, liquidity providers, and other community members to participate in designing the protocol’s future as a community. dYdX’s layer 2 is open to suggestions from token holders, and holders can benefit from token staking and trading fee savings.

According to CMC, the dYdX price today is $3.73 USD with a 24-hour trading volume of $110,922,778 USD. dYdX is up 5.32% in the last 24 hours.

A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.