Top 10 Cryptocurrencies Poised For A Bull Run In May 2022

Cryptocurrencies have become the most popular investment asset in 2022

Starting from El Salvador adopting Bitcoin as legal tender to China banning all cryptocurrency transactions, the year 2021 has been quite an eventful year for the domain of cryptocurrencies. The steady growth of the cryptocurrency industry over the past few years has drawn more attention from institutional investors than any other. The current stage of the cryptocurrency market, along with an increased focus on regulations has got investors worried about the future prospects of digital assets. Policymakers are already thinking about introducing centralized, state-issued cryptocurrencies that will eventually compete with decentralized ones. The governments of Russia and Ohio have already started looking into CBDCs, with tests being rolled out this year. But for the time being, these decentralized cryptocurrencies are the way to go. In this article, we have listed the top cryptocurrencies that are expected to explode in 2022.

• Bitcoin
• Ethereum
• Solana
• Tether
• Avalanche
• Axie Infinity
• Terra
• Binance Coin
• Decentraland
• Algorand

Bitcoin

Bitcoin is one of the most powerful cryptocurrencies in the world. Even after massive volatilities, BTC continues to reign as the supreme leader in the crypto market. Recently, after its price dropped, the Bitcoin investors got worried about their investments and about the impending regulations. But experts have estimated that the crypto will rise again and will probably reach US$100,000 by the end of the year.

Ethereum

Ethereum, abbreviated as Ether, is the world’s second-largest cryptocurrency that has the potential to outperform even major cryptocurrencies like Bitcoin. In 2021, Ethereum instituted a major upgrade, which is due this year, triggering improvements in reducing the supply of ether, transaction speed, sustainability, etc.

Solana

Solana is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance solutions. The Solana protocol is designed to facilitate DApp creation, which aims to improve scalability by introducing proof-of-history, combined with proof-of-stake consensus on the blockchain.

Tether

Tether is a stable coin that mirrors the price of the US dollar. The token’s peg to the dollar is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that are equal to USD value to the number of USDT in circulation.

Avalanche

Avalanche is the fastest smart contract in the blockchain industry as measured by time-to-finality. The crypto is blazingly fast, low-cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on the Avalanche ecosystem

Axie Infinity

Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. The Axie Infinity ecosystem has its own unique governance token, known as Axie infinity shards. These are used to participate in key governance votes and will give holders a say in how funds in the AXS treasury will be spent.

Terra

Terra is a blockchain payment platform for stablecoins that relies on keeping a balance between two types of cryptocurrencies. Terra-backed stablecoins, such as TerraUSD, and their counterweight LUNA, that power the Terra platform are extensively used to mint more Terra stable coins.

Binance Coin

Binance is one of the most successful cryptocurrency exchanges in the world when it comes to trading volumes. Like Bitcoin, Binance Coin keeps a hard limit on the number of tokens in circulation. BNB has two blockchains, which reduce the kind of bottlenecks Ethereum is most vulnerable to. The Binance Coin market value is expected to rise exponentially in the next two to three months.

Decentraland

Decentraland is a virtual reality game on the Ethereum blockchain that uses the MANA token as an in-game currency. Users can purchase goods and services, buy land, and visit other players as well as create and monetize their own content.

Algorand

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable, and efficient, all critical properties for effective applications in the real world. The crypto is designed to support computations that require reliable performance guarantees to create new forms of trust.

Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.