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In 2021 we saw top digital assets not only grow rapidly but also yield satisfactory results.
In 2021 we saw top digital assets not only grow rapidly but also yield satisfactory results
There are thousands of cryptocurrencies on the market, but Bitcoin remains the most trusted - after all, a few people became extremely wealthy when it reached historic highs of $ 65,000 per currency.
Every day, more investors are trading in Bitcoin, proving that it is not a passing fad.
Many buyers have already been attracted by the prospect of exponential growth, as they want to be a part of what could be another success story.
However, experts and analysts believe that a number of alternatives could dethrone the most popular and largest cryptocurrency by market capitalization.
In fact, we saw top digital assets not only grow quickly but also produce satisfactory results in 2021.
The top ten cryptocurrencies that could overtake Bitcoin in 2022 are listed below.
Ethereum: This is the second most valuable cryptocurrency by capitalization, and it is on track to overtake Bitcoin in the coming years.
It was the first blockchain to include the "smart contracts" feature.
These will be at the core of some of the industry's most significant developments, such as decentralized finance, NFTs, and more.
As a result, Ethereum has proven its worth to investors and could soon overtake Bitcoin.
Cardano: It had a fantastic year last year.
The ADA token is a third-generation cryptocurrency that aims to address some of the issues that both Ether and BTC have.
Its goal is to use blockchain technology to solve problems in the real world.
Another reason investors might prefer ADA to others is that its algorithm is more viable.
Solana: It can process 50,000 trades per second, whereas Bitcoin can only process 7.
This proves that SOL is significantly faster than BTC.
It has a programmable blockchain that can execute "smart contracts" and is environmentally friendly, just like Cardano.
SOL had a fantastic year in 2021, and it is now the fifth largest cryptocurrency by market capitalization.
Ripple: Many people like the idea of investing in a cryptocurrency, but they are hesitant to do so due to its decentralized nature.
Ripple asserts that it provides "security."
It is the world's seventh most valuable cryptocurrency.
XRP also boasts of being able to execute trades in a matter of seconds and at a low cost.
Litecoin: It is regarded as BTC's "brother" currency.
Except for a few differences that make LTC more appealing, both cryptos work in the same way.
The Litecoin system is designed to be 4 times faster than the Bitcoin system.
It can also verify transaction validity much more quickly.
BTC has a 21 million limit, while Litecoin has an 84 million limit.
Despite its poor performance, LTC has a bright future.
Avalanche: This is the rise of the cryptocurrency market.
AVAX, the native token, can be used as a consent mechanism as well as for fee payment after a transaction.
Cryptocurrency is very profitable, and with many applications moving into its ecosystem, it may one day reach the top of the market pedestal.
Dogecoin: It is an anecdotal cryptocurrency with a current "light" capitalization.
DOGE, on the other hand, is becoming increasingly popular due to its growing investment community.
Elon Musk, who has greatly aided DOGE's growth, is a strong supporter.
Cosmos: Despite being a competitor to Ethereum, Cosmos' network is quite large and rapidly expanding.
Its goal is to achieve interoperability, and it uses a low-energy proof-of-stake protocol to do so.
Unlike many other large cryptocurrencies with large marketing budgets, ATOM's growth was mostly organic.
Axie Infinity: Surprisingly, it has increased by 23,000% in 2021.
Experts believe that the introduction of a new type of gaming known as play-to-earn has forever changed how people view online games.
Encryption's popularity skyrocketed for some reason.
Algorand: It's a relatively new token for investors, but it's a "heavyweight" in terms of trading.
Its blockchain has already demonstrated that it can process over 1,000 trades per second and complete them in under 5 seconds.
ALGO is very effective and draws a large number of investors to the market.
By fLEXI tEAM