1. Media attention. Constant monitoring of the growth of the cryptocurrency rate ensures that it penetrates the major news feeds of all countries. This only fuels interest and also allows people to understand which currency is best for investing money in.
2. Tool to protect against inflationary influences. This is due to the low percentage of digital currency. Such investments have not only created the necessary level of protection, but have also become a tool for generating income. In addition, many investors have started investing in cryptocurrencies in order to save them. The example of Bitcoin shows that this year they started buying more than just gold.
3. Movement of the course along the parabolic system. The constant fluctuations in growth and the decline in the exchange rate can only attract new investors. This is due to the fact that by buying parts at a low price, they can then be sold on more advantageous terms. Peter Brandt, who is an analyst and trader, has published a chart that shows that the value of Bitcoin can reach $200,000.
This will lead to a further increase in the demand for parts. Since no cryptocurrency depends on the influence of oil production volumes, exchange rates, and other factors, its growth can only be affected by the profitability of acquiring and the popularity of either type of digital currency.
In addition, bank actions have an active influence on increasing the attention paid to the cryptocurrency market. From 2020, their actions were to be aimed at fighting the outbreak of the pandemic, and led to inflation of the dollar and the euro, which could only affect the assets of large depositors. This has led giant companies, millionaires or large companies to consider cryptocurrency as a way to store their assets. All these actions will inevitably lead to an increase in interest, which will continue to grow in 2022.
Promising cryptocurrencies 2022
Cryptocurrency acquisition is a trend in 2021. The same trend will not cede its positions in 2022. This is due to the fact that the world of digital currency is increasingly covered by a wave of popularity, which leads to the emergence of new investments and, as a result, an increase in value.
Following trends and exploring growth opportunities will not only help you make the right decision, but also take a winning position for profit. Therefore, I move on to the examination of several cryptocurrency options that could become the most promising cryptocurrencies in 2022.
Bitcoin Predictions for the Future 2022
As soon as we broach the topic of cryptocurrency, then Bitcoin immediately comes to mind. This is the first type of coin that appeared in the cryptocurrency market and whose popularity does not remain in place, but continues to grow steadily. The resource in this room has a limited indicator. That’s 21 million coins, it helps the currency stay afloat and not lose its characteristics.
Today, the piece is not the only one, but it is considered a reference for creating other variants and comparing them with them. Now, the popularity of Bitcoin is only compared to gold, as these two instruments are as similar as possible. Both types are used for asset holding, hedging and are directly proportional to the growth in the number of users. Bitcoin is considered one of the safest and most stable types of cryptocurrencies that currently exist. He was able to save his investors from the COVID-19 crisis that began in 2020. Most of them made big profits by investing their assets in this room and thus protecting them from the effects of inflation.
Recently, Bitcoin’s popularity has jumped again due to the receipt of large investments from Elon Musk. In early 2021, it allocated $1.5 billion to buy 48,000 bitcoin coins. This has led to an increase in popularity and an increase in the value of the currency, as can be seen by looking at the chart.
It shows that the purchase took place during a period when the value of the coin was $30,000 to $40,000, after which the price increased to $64,000.
This has prompted investors to turn their attention to this cryptocurrency again.
Bitcoin’s popularity never drops, so in 2022 it will continue to take its place in trends. Some analysts are convinced that the cost of a Bitcoin can reach $100,000. This can not only place the coin in a leading position, but also contribute to its maximum distribution.
This cryptocurrency ranks second in coin trends after Bitcoin. True, it should be noted that it would be more correct to call it ktyptoplatform. Ethereum works on the basis of smart contacts and is the main support for the work of several applications in the cryptocurrency market.
In addition, with this currency, you can now make a payment using the PayPal system, which has led to an increase in its popularity and an increase in the rate.
Ethereum or ether is one of the types of coins that have high potential in blockchain and cryptocurrency mining technologies. Just like the first type of coin, the rate of ether has started to rise steadily since the beginning of this year.
This behavior proves that Ethereum should not be written off accounts, as it can always show its best side. Ether has a big advantage over Bitcoin: this type of crypto is under development and has not yet received a full-fledged base. The encoding of the room changes all the time, which creates competition and keeps you afloat.
One of the latest updates to Ethereum is the protocol change to the latest variant of Constantinople. Its implementation is expected to increase not only the speed, but also the security level of the crypto platform. Before that, Ethereum could only process 15 transactions per second, now this figure should increase, and with it the popularity of the coin. It is expected that the steady increase in the Ethereum rate by the end of the year will bring it to a cost of $17,372 and by the beginning of 2022 this figure will rise to $18,874.
Ripple or XPR
This cryptocurrency is the token of the company of the same name. Its main task is the full integration of its blockchain into the banking sector. Ripple is trying to use its cryptocurrency to make transfers between banks. It is constantly trying to repair relationships, which makes it one of today’s progressive currencies. The banks themselves are not against such cooperation, they are actively developing in order to be able to enter their payment data.
In addition, Ripple can help create an easier data exchange, make payments globally, and connect payment option providers to this platform.
In addition, this token behaves perfectly as one of the types of safe digital coins, which gives it the opportunity to be in the top five of the most popular cryptocurrencies on the market for a long time.
Not so long ago, it was announced that Ripple and MoneyGram were collaborating. This led to the appreciation of this currency.
This collaboration made it possible to use XPR in transfers between banks. Now it is actively used in transactions between the United States and Mexico. This proves once again that this platform can become a full-fledged replacement for global payment systems such as MasterCard or Visa. This will significantly reduce maintenance costs and speed up data processing.
Analysts say that in the future, Ripple may become a full-fledged replacement for SWIFT payments. It offers more possibilities for implementation in the overall system, which cannot be said about blockchains.