7 cryptocurrencies worth following throughout 2022!
Crypto Money News – The crypto coins that are most scrutinized by experts in 2022 are listed below. These include Bitcoin and Ethereum, which are demonstrating network demand as well as increasing token shortages. Bitcoin (BTC)
According to crypto analyst Lark Davis’ recent statement and blockchain analytics firm Glassnode, Bitcoin reserves on exchanges are at their lowest level since October 2018. This shows the growing demand and scarcity for crypto assets, especially among long-term holders. Fidelity Investments also describes Bitcoin as a “superior form of money.” Ethereum (ETH)
OpenSea, the leading NFT marketplace based on Ethereum, has set a huge record of $5 billion in monthly sales. The high record of NFT transactions contributed to the burning of $1 billion worth of ETH tokens in the move towards deflation. Moreover, OpenSea has now replaced Uniswap as the most used product on Ethereum.
Former Disney CEO Bob Iger is also predicting a possible NFT “boom.” These events indicate that there are brighter days for the NFT space and the Ethereum ecosystem in general. Ziliqa (ZIL)
The number of transactions on the Ziliqa blockchain was the third highest ever, even under the current market conditions. Additionally, this month’s total transaction fees are the highest ever. ZilHub, a supporter of the Ziliqa ecosystem, says these events show that the network is only getting better regardless of the ZIL token price. Ziliqa ranks 126th by crypto market capitalization with a ZIL token price of 0.04407056 at the time of writing. Avalanche (AVAX)
The Avalanche ecosystem has a burning feature similar to Ethereum. So far, the network has destroyed more than 700,000 tokens. About 0.1 percent of its supply adds more and more users to the network every day. Rubikh (RBC)
Another cryptocurrency is Rubix, which has been touted as one of the best multi-chain clearing protocols that offers partnerships with DEXs. It allows users to trade more than 15,000 assets on various blockchains including Ethereum, Polygon, and Avalanche.
On February 10, Rubic will launch an incentive referral program to increase the number of projects integrating Rubic Widget. It also integrated the decentralized protocol Arbitrum, which was a significant development in January. Cardano (ADA)
Reportedly, there has been a significant increase in pressure to buy Cardano. This points to a possible upward trend. The altcoin is backed by positive on-chain statistics spread by the network, such as a 17 percent increase in transactions in January to 29.4 million. Solana (SOL)
As CNF recently reported, Solana has launched a new peer-to-peer payment protocol, Solana Pay, as it plans to enter the $500 billion trading economy. This is seen as a very important development for the altcoin. Solana, one of the favorite crypto coins with its explosion last year, is worth following by investors this year.
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