Cryptocurrency is a type of digital money that is decentralised and designed to be used through the internet. Approximately 16,000 distinct cryptocurrencies are publicly traded today. In 2021, the crypto industry exploded, and it will continue to do so in 2022 and beyond. The universe of digital tokens attracted $30 billion in investment, bringing the overall market valuation of this asset class, which is only a decade old, to $3 trillion. According to industry experts, India has a big opportunity to become a global leader in this field. Small towns and communities have been in the forefront of adopting these digital assets. This article discusses the top 5 cryptocurrencies that are expected to see massive gains in 2022.
Gala Gaming, a blockchain gaming platform, is powered by GALA, an Ethereum token. This cryptocurrency rose by a whopping 50,829 percent, according to sources. Gala Games aspires to revolutionise the gaming business by giving gamers back control over their games.
2. Axie Infinity
Axie Infinity is a blockchain-based trade and battle game in which participants own and run a portion of the company. Axie Infinity is a game that allows players to collect, breed, grow, combat, and trade token-based animals known as Axies, which are inspired by famous games like Pokémon and Tamagotchi. It is one of the leading cryptocurrencies that is expected to see massive gains in 2022.
3. The Sandbox
The Sandbox is a blockchain-based virtual world created by Pixowl that allows users to create, build, purchase, and sell digital goods in the manner of a game. The Sandbox creates a decentralised platform for a healthy gaming community by combining the powers of decentralised autonomous organisations (DAO) with non-fungible tokens (NFTs). This cryptocurrency rose by a whopping 14,629 percent, according to sources.
Polygon (formerly Matic Network) is the first well-structured, simple-to-use Ethereum scaling and infrastructure development platform. Polygon SDK, the framework’s basic component, is a modular, versatile framework that can be used to create a variety of applications. According to statistics, in 2021, this cryptocurrency surged by a whopping 12,817 percent.
Terra is a blockchain protocol that powers price-stable global payment networks with fiat-pegged stablecoins. Terra, according to its white paper, combines the price stability and widespread use of fiat currencies with the censorship resistance of Bitcoin (BTC) to provide quick and economical transactions. It is one of the leading cryptocurrencies that is expected to see massive gains in 2022.
We have come to the end of our blog about the top five cryptocurrencies for 2022. We hope you enjoyed reading and that you have been able to learn a little about some of the top cryptocurrencies that are likely to rebound in the future. If you have any questions, please feel free to use the comment section below. Thank you for reading and have a great day!