The cryptocurrency market has been on the rise over the last few years. It’s currently worth more than $1.4 trillion. Because of this, it is becoming a norm to bet your bets against certain crypto trends. But what all can you expect in 2022? This article helps you out with some predictions on different crypto coins that will be relevant for investors.
Bitcoin and Ethereum Will Become Mainstream Currency
Bitcoin will be one of the biggest money-market plays for 2022. A lot of investments in technology will take place in this field. All of these investments will lead us towards Bitcoin having become mainstream currency because these two will become the most used currency globally. That’s good news but it does not mean they will be the best currency globally. Even though some other assets such as Litecoin are gaining traction slowly, I still think we are headed towards Bitcoin as the dominant coin and it should not only be in dollars but in many countries.
We saw how bitcoin took off in 2020, and if anything, 2021 was even bigger for bitcoin than 2020. So now it is time to see how things evolve in 2022 and what altcoins you can expect to invest in. Now let’s look at the top 5 cryptocurrency predicted to hit 1,000,000 in value and then 10,000,000 in mass market sales. Let’s see which ones do you want to buy first!
Bitcoin (BTC) — $100,000
This one is going to be huge, at least this is the reason why everyone wants to buy it and hold it. There is no way back if you like to follow it.
Bitcoin will overtake gold and by end of the year may reach $2,000. By the middle of next year, people can expect BTC to finally overtaking gold. Its price is going to cross 100,000 this year already and is expected to continue its upward trajectory. When it reaches 100,000, there will be no stopping it. Some could say that our monetary system will be completely disrupted and people won’t have any money anymore. This is certainly happening but I am glad that bitcoin will eventually go beyond $60,000 again and that makes me believe the crypto boom will get the full attention in 2022.
Bitcoin vs Ethereum (ETH) — 3X Return Over Time
Ethereum is always undervalued and ETH is always oversold. But this price is almost double the USD value so it’s both.
Now, let’s make a comparison between these two coins. If you compare them up to their peak value, you have seen how much they had been earlier this year. With Bitcoin, you have seen how the price only goes up in 2020, even after 2018 was quite big for Bitcoin. While Ethereum is not just exploding yet like Bitcoin’s, people are making billions everyday. This makes me think that in 2022, both those coins will start getting to be as well known. And by doing this, the supply will go down and people can be sure about buying and selling. We can expect more trading events in the future, especially given that ETH will eventually make it to 50% of the total volume of BTC. Then ETH will also catch up with BTC in terms of growth.
I think it’s safe to give chances for another great altcoin in the coming days.
Bitcoin Cash (BCH) — $2,500
This is also one of the coins in my list of top favorites in this list. After the surge of BTC in 2020, many investors were looking for ways to keep that money. Another altcoin popular with investors in the world right now.
This is an excellent altcoin and it doesn’t look anything fancy or expensive at all. People are talking about this coin because it was the first altcoin that got listed on Coinbase.
But let’s see what BTCC does. How fast is it growing with this asset? Where would you buy it? Could it become one of the main altcoins in the altcoin economy of tomorrow? Well, I don’t think so. This coin will remain far from the masses.
Bitcoin cash will definitely need to grow with the demand of BTC. Yes, it will be one of the most influential altcoins in the digital ecosystem. Its current market cap is around $14 billion. In the first quarter of 2022 alone, it has achieved a 13% gain.
Bitcoin Mining Gold Halos (BTG): 12x Yield Over Bitcoin Coins (BTC)
This is the second token on my favorite list of all of them but let’s talk about something else first. Bitcoin mining means “the process of creating new Bitcoins from computing power“. BTG is a major miner for those coins which have been created using Bitcoin Proof-of-Minting (PoMT). PoMT has proven itself in several cases such as Antminer, Antminer S19, etc. and this seems impossible to replace. As a result, you won’t see anyone claiming this will never happen.
So, what this looks like for BTC mining. I think BTC mining will also be very hard to replace anytime soon. I think it will be mostly like BNB, ETH, and XRP and LTC in that it will require extra hardware to mine. Also, it will need more energy.
Bitcoin Network Tokens: 15x Yield Over Bitcoin Coins (BTC)
This third coin is a new investment opportunity that could change the game and take over the entire cryptocurrency space. Not only will it be one of the leading global altcoins, it’ll be extremely valuable because of its global expansion potential. At the moment, it has only less than 5 million users.
So in 2022, there will be more competition in the industry. Of course, it’s not going to blow away Litecoin or NEO. However it will have significant growth potential. I’m expecting a massive spike in the value of this product. Since it hasn’t shown much growth, I’m predicting the product might actually be a scam. But at least it has some high potential.
Bitcoin Network tokens (BNU) — 16x Yield Over Bitcoin Coins (BTC)
This is another new coin that I was going to write on Facebook because it’s not a blockchain based company. Instead, the team has made a website called OpenBittin, where you can find information about their products. Their services include payments, lending products, etc.
This also looks promising because I think BNU will overtake LBC, ETH and BTC by 2022. We won’t see much growth from this but it will make a serious impact when people get access to it. So this is another good investment opportunity.
Bitcoin Mining Stakers (BTG), 4 x Yield Over Bitcoin Coins (BTC)
This one is also for the miners and holders of bitcoin. Just like BNU, BTG has also targeted the miners and users with large wallets. For example, you will pay 0.25 BTC per staked cryptocurrency. But if you’re asking yourself, how many, you can have? I have heard that 25,000 BTC can be deposited to their wallets. I also think the community is growing rapidly by 2022. So I’m pretty comfortable saying this is one of the biggest returns on your investment.
Bitcoin Blockchain Companies (BTCC): 18x Yield Over Bitcoin Coins (BTC)
This one is the only token on my list of tokens, however I will write on social media and share my latest information. But this isn’t really going to be a stable coin. First of all, it doesn’t have any real utility. More than the initial hype I think it was before the launch. Second of all, the market cap isn’t larger than BNB which suggests BTC doesn’t have enough value to support this token. So unfortunately this will be one of the largest losses in history of BTC.
Bitcoin Association Coin(BTCA) : 16x Yield Over Bitcoin Coins (BTC)
This is yet another hot coin with a long story behind it. This is a newer ICO. The founder of the brand is Alex van Eyens. He also founded a mobile app he called Block.one. So basically, it has launched three apps — the wallet application, BTCB, and BSC. These three applications are going to act as an identity to prove ownership of bitcoin — a proof that you are a legitimate user who can trade from anywhere in the world.
Now we are looking at what this token will do. Here, BTCA is going to act as a bridge for trades and transactions. On its own, BTCA should be able to improve the performance of BTC without sacrificing any security or stability. This could be useful for decentralized finance (DeFi), lending, payments, even voting which can be done with BTCA. Eventually, in 2023 or 2024, BTCA has to be merged into BTC. So that would be one small issue for BTCA. On the other hand, this platform will not solve any problem for BTC. Since it is mainly designed to facilitate BTC transactions and help you stay in control of your private keys, BTCA is likely to stay on the sidelines even when BTC retools.
So with BTCA, we have four exchanges that could easily be integrated. So it will be easier for traders and developers to trade. But it will also be more difficult to integrate since it’s very similar to Bitfi and Co. So while the idea should be interesting and easy.