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This year did not start particularly well for the crypto industry, with most coins continuing the drop that started all the way back in mid-November 2021. However, as January ended and February kicked off, the situation started to change, and a lot of coins started seeing some serious price recovery on a daily and weekly basis alike.
If we assume that this is not just a short break before the price drops continue but a legitimate recovery, then there is a lot of potential for investors right now, and plenty of opportunities to earn and even triple your investment in days, weeks, or maybe even months to come. With that said, here are some suggestions regarding the coins that we believe have the potential to go big this year.
The first on our list is Cardano (ADA), which blew up a few months ago after completing the second of its 5 development stages (Eras). The completion of the so-called Shelley Era resulted in the project finally receiving smart contracts, which brought a lot of new developers and users to Cardano’s network.
As a result, the project finally started building up an ecosystem that might someday be able to match Ethereum in product number and diversity. Meanwhile, when it comes to technical capabilities, Cardano is already miles ahead of anything Ethereum can ever hope to achieve. The reason why we are so confident regarding Cardano investments, however, is that the project has only completed 2 of its 5 Eras.
While the development does advance slowly on Cardano, the project is still never missing its deadlines, and it always delivers flawless updates. Cardano has a very bright future ahead of it that will certainly take it to the moon, but we expect its price to go up significantly high even before the rest of the Eras are completed, simply due to its ecosystem’s growth and new utilities for its ADA coin, which is bound to happen throughout 2022.
To learn more about this token visit our Investing in Cardano guide.
2. Shiba Inu
Next up, we have Shiba Inu (SHIB). SHIB has already impressed last year after skyrocketing and outperforming Dogecoin, the original joke cryptocurrency. While DOGE was meant to disappear from the crypto scene a long time ago, it somehow survived for 9 years, eventually even becoming one of the largest cryptos by market cap. Then, it got outperformed by Shiba Inu — one of its clones that became particularly popular.
SHIB managed to rise above every other memecoin, which is quite an achievement considering how many of them emerged last year. The coin rose by over 47% in the last week alone, granting its holders some quite impressive gains. If the rest of the year ends up being bullish, Shiba Inu will undoubtedly soar high and bring massive earnings to those who own it.
To learn more about this token visit our Investing in Shiba Inu guide.
In the third spot, we have Decentraland (MANA). Decentraland attracted our attention — and that of many others — due to being one of the oldest and most developed metaverse projects out there.
Metaverse became a massive trend in late 2021, after Facebook announced that it will rebrand the company name and call itself Meta going forward. Suddenly, the blockchain sector exploded with metaverse projects that combine crypto, NFTs, DeFi, gaming, and more. Metaverse will likely be the trend that will define 2022, and as one of the biggest and oldest metaverses out there, Decentraland stands to gain a lot moving forward.
The project allows users to purchase digital plots of land and use them for pretty much anything they can think of — from developing software to organizing digital meetups and events, gaming to running an online business, and more. Decentraland also saw a lot of attention earlier this year, in mid-January, when the Australian Open tennis tournament announced that it will organize virtual events in Decentraland’s digital world for those who cannot come to Australia due to the ongoing pandemic and participate in their real-world version.
This was likely only the first major event that Decentraland is going to host this year, and we are very excited to see how its virtual world is going to grow as the year progresses.
To learn more about this token visit our Investing in Decentraland guide.
4. Axie Infinity
Halfway down the list, we have Axie Infinity. This is another metaverse project, although not like Decentraland. Instead, Axie Infinity is a gaming metaverse project that offers users the ability to collect monsters, upgrade them, and even breed them. Each of its digital monsters — inspired by Pokemon games — comes in the form of an NFT, meaning that they can be freely bought, sold, and traded on NFT marketplaces.
Not only that, but upgrading your monsters by using some of over 500 different body types belonging to all sorts of creatures and beasts also increases the value of the monster. Furthermore, players can also strengthen their monsters for their real in-game purpose, which is to engage in battles with others, and win rewards for beating the opponents and their monster teams.
Thanks to the P2E (Play To Earn) model, every battle that players win will reward them with some AXS tokens, which can then be used for purchasing new upgrades and monsters, or simply for trading, HODLing, or converting their tokens into crypto and traditional currencies.
Axie is the biggest project of this kind right now, and very well developed, which allowed it to attract the attention of many gamers who were willing to give blockchain gaming a chance. As 2022 progresses, we expect to see it attract even more people and further boost its utility, usage, and value.
To learn more about this token visit our Investing in Axie Infinity guide.
In the fifth spot, we have Waves, which is a multi-purpose blockchain platform that supports a number of different use cases, including decentralized applications and smart contracts. The project is quite mature at this point, as it emerged 6 years ago, in 2016. Back then, its goal was to improve on the early blockchain platforms by boosting their speed, utility, and user-friendliness.
However, it has seen quite a few changes since the early days, and it added new spin-off features that have allowed the project to build on the original design and take its development in a different direction.
Since those early days, the project has introduced new products such as a cross-chain and oracle network called Gravity, a native decentralized exchange called Waves DEX, and even a DeFi-focused platform Neutrino. A lot of these products are relying on very popular trends, primarily DeFi, which, compared to Waves’ original goal of improving the speed and ease-of-use definitely give the project a lot of potential for growth.
To learn more about this token visit our Investing in Waves guide.
Nearing the end of the list, we have Solana. This has been one of the biggest and most popular Ethereum alternatives ever since Ethereum’s fees became so big that developers and users alike started leaving.
Solana emerged with all the capabilities of Ethereum in terms of what it can offer, but with much better transaction speeds, lower gas fees, and general scalability that the crypto industry’s first development platform currently cannot match. Solana has yet to match the older project’s size of ecosystem or the popularity of its brand, but it has been working hard towards making itself user-friendly, cheap to use, and just capable and reliable, in general.
As one of the best and most popular ETH alternatives, we expect to see further growth of its native token SOL, which could bring exceptional gains as the project’s ecosystem — and the coin’s usage — continues to grow in 2022.
To learn more about this token visit our Investing in Solana guide.
Finally, in the last spot, we have Ethereum itself. We spoke of its less-than-adequate technology at length in previous segments, so you might be wondering why did it even make the list? Well, the reason is the fact that Ethereum has actually been working on fixing its problems and getting better.
Like Bitcoin, Ethereum has grown to become a massive brand and a face of the crypto industry. However, unlike Bitcoin, Ethereum is willing to change and improve. Its developers have spent years working on a massive upgrade that will replace Ethereum’s PoW algorithm with PoS, and improve its scalability, speed, and other aspects, which will, in turn, reduce its gas fees and make them reasonable once again. At least, that is what the community hopes and expects to see.
Ethereum started the process of upgrading to ETH 2.0 back in late 2020, but it is a massive update with a lot of work still left to be done, so the process has not yet been finished. Whether or not it will be completed in 2022 still remains to be seen, but if it does, we do expect the coin to blow up like never before and reach some brand-new heights.
To learn more about this token visit our Investing in Ethereum guide.
With that, we conclude our list of top 7 cryptocurrencies that could triple your investment this year. Obviously, we cannot guarantee that any of them will, but we have reasons to believe that any of them might. As always, we recommend doing your own research before investing in any cryptocurrency. Only ever invest if you believe that it is the right move, as it is your own money on the line, after all. All we can do is give you some pointers as to where to start looking, and we feel that the list above has some interesting candidates.