First of all, a big thanks to you for subscribing to this newsletter. I assure you will not be disappointed.
Now let’s begin with the first weekly crypto dose
2021 was a roller coaster for the crypto markets and investors like us. While every coin was going for an All time high, the crypto market valuation also created a new ATH in November 2021, with a total market cap of whopping $3 trillion.
Near about 15Million+ Indians are crypto investors as per a report by Chainalysis. India ranks 2nd in global crypto adoption.
But, the FUD (Fear, Uncertainty and Doubt) as always is still present. The fear index score is 34 which means still people are dicey about the regulation and policy frameworks proposed by various governments.
f we specifically talk about the Indian Markets there is a strong possibility of having a regulated and progressive frameworks that will create a thriving ecosystem and will encourage a wide majority of people to be Crypto Owners.
In my opinion, people are not investing right now because they’ve that fear of losing money in case the govt. bans cryptos. But we know that’s not the case because even in the case of a ban there will be a 3 months window provided to the users to withdraw their money.
It’s not gonna be like, govt says BAN and boom you are ruined. No, that’s not the case.
Here are 3 possibly game-changing crypto projects that may explode in 2022.
Ethereum (ETH)
Ethereum is one of a kind and is the 2nd largest crypto network in terms of market capitalization. If you see, you’ll notice that almost all initial coin offerings or ICOs, decentralized apps (dApps), (decentralized finance) DeFi protocols and most non-fungible tokens or NFTs are dependent on Ethereum.
Tokens like: USDT, LINK, USDC and BNB are also built on the Ethereum Network. By now you know what is the importance of Ethereum in this space. Ethereum will undergo the most awaited upgrade in its history, ah YES! It’s the Ethereum 2.0, which aims to remove the scalability and bottleneck issues and implementing the Proof of Stake (PoS) mechanism
A pretty tough time for the miners as ETH is the most profitable minable currency as of now. Anyways the mining software will find another minable currency, so it’s not a major setback for the miners.
PoS would imply abandoning the present proof-of-work (PoW) technique, which consumes a lot of energy. Lower gas rates, faster transactions, and a huge increase in network efficiency are all possible outcomes of the adjustments.
Polygon (MATIC)
MATIC provides the infrastructure that allows interchain scalability as a result numerous blockchains can interface with one another.
You should remember the ability of MATIC to create sidechains, which facilitates cooperation and execution between the users.
MATIC is now on Polygon PoS on UniSwap, due to which MATIC has hit an All Time High of ₹206.10. Few major protocols have shifted to Polygon in order to avoid the high Ethereum fees.
If you consider all these points, MATIC seems to be a promising project to keep an eye on in 2022.
Solana (SOL)
All hands down to one of the fastest network in existence, SOL is capable enough to process more than 50,000 transaction per second.
Solana offers the implementation and development of dApps and Smart contracts. An interesting fact is that Solana was not the first network to implement smart contracts, but still it has more than 300+ projects running on its network.
I remember investing in SOL during the May crash and after that we all know the returns that Solana has given this year, it is almost 15,000% and SOL entered with style in the top 10 coins. by market capital
Final Words
With this I would like to conclude the article, I hope that my content added a bit value to your time. If you think any other coin/project will explode in 2022, feel free to use the comment section and generate awareness within our community.
Till then, you can follow me to stay updated with the trends and get an insight about the markets. There’s a lot more coming in the upcoming days.
If you liked the content, feel free to share it within your community and if you didn’t liked the content, do let me know that too. So I can improvise next time!