Top 6 Coins That Could Rally in 2022

Solana (SOL)

The “Visa of digital assets” — this is how the likely future of the Solana (SOL) cryptocurrency was described by Bank of America. The project team has done a lot of work on the implementation of its roadmap, which gives room for possible growth prospects this year.

Key news includes the release of the Phantom wallet, which has already attracted over 10 million users, and has gained the recognition of OpenSea – the largest NFT marketplace with a turnover of $23.5 billion. In April, Solana was added to the list of blockchains supported on OpenSea, making it the fourth alongside Ethereum, Polygon and Klaytn. The introduction of Solana as the largest NFT platform will likely increase demand for SOL, as the coin has already risen in price by 6% this week

Solana’s undeniable advantage is its ability to carry out faster and cheaper transactions, which will play into its hands against the background of the “reloaded” Ether. Solana significantly outperforms Ethereum in both transaction processing speed (over 50,000 TPS at its peak) and fees (less than a cent). The network still lags behind in terms of security and decentralization, which sometimes leads to disruptions.

However, the number of nodes is growing steadily, and with a capitalization of $39.7 billion, Solana is challenging Ripple, aiming for sixth place in the Coinmarketcap ranking.

Luna (LUNA)

The LUNA token can benefit from rumors that are spreading in the community amid increased geopolitical tensions. Previously, the secondary qualities of centralized stablecoins have become their most discussed properties. Against the backdrop of more frequent cases of political involvement of major global brands in all sectors of the economy, even the theoretical possibility of companies like Tether or Circle blocking funds in the wallets of residents of a particular country has sent shockwaves of panic across the market.

An alternative to these projects are the so-called algorithmic stablecoins, which are secured by cryptocurrency assets frozen on smart contracts, and not by dollars on issuers’ accounts. In the medium term, the popularity of Dai (DAI) and TerraUSD (UST) will grow, followed by an increase in liquidity and the circulating supply of tokens, which will lead to an increase in the volumes of frozen assets that will support the increased emission.

The freezing of assets will result in a decrease in supply on the open market, creating an imbalance in the relation between supply and demand, thus contributing to the growth of the price of Terra (LUNA) in the medium and long terms.

Polkadot (DOT)

Polkadot is another project benefiting from the rapid growth of the DeFi sector. The value of Polkadot (DOT) has increased by 191% over the past 12 months. In the coming year, the token may continue its appreciation rally. One of the reasons could be the launch of the first parachain auction in the altcoin network at the end of 2022. Polkadot’s parachain is developed to solve Ethereum’s flaws, making transactions faster and cheaper. As a result, Polkadot is considered to be one of the few of Ethereum’s rivals, with a competitive throughput of 1,000 transactions per second.

If technological development is not yet a guarantee of a project token’s growth, then price dynamics are doomed to failure without the support of the masses. Take DOGE, for example. Polkadot has gained support not only from investors, but also from tech-savvy users who are increasingly migrating to Polkadot and launching their projects there. The platform managed to attract different categories of users including traders, investors, and even developers to use the platform.

Chainlink (LINK)

Chainlink (LINK) is another front-runner that could benefit from the development of both DeFi and oracles in particular. The expectations of investors who had been pouring their funds into this token throughout 2021 may come true this year. Last year, the altcoin did not have the time to demonstrate lightning-fast growth, but the coin retains the potential to update its historical maximum.

Thanks to the broad possibilities of the project, its prospects look great. It seems that not only private investors, but also large companies share the sentiment, as partnerships have already been concluded with many of them, and the list is being updated regularly. Perhaps the fact is that there are now too few projects on the market working closely with oracles.

Dogecoin (DOGE)

Today it is one of the most talked-about coins, with its price rising or falling in the hundreds of percent based solely on the attention of the community.

Dogecoin (DOGE) has a very strong and unique community that is not made up of more than just investors. Due to the high binding of the token to the Elon Musk brand, the community reacts explosively to any statements made by the billionaire regarding the crypto market.

Musk may soon launch a token to the moon, both literally and figuratively — in May of last year, he announced the launch of the Doge-1 satellite, which was funded by Dogecoin. As the countdown timer to launch ticks, citation in the global media may rise to unprecedented heights, which will trigger a viral effect and result in the self-sustaining growth in the price of the token.

Supporting Dogecoin’s bullish price movement is the recent spike in network volume from $689 million to $5.95 billion in the span of just the past three days. Such dizzying growth in on-chain volumes indicates that investors are showing immense interest in the price of Dogecoin at current levels.

Therefore, capital may be flowing into the DOGE blockchain and may hint at a massive uptrend for DOGE just waiting around the corner.

Other projects

The Cardano (ADA) and Aave (AAVE) tokens may also exhibit impressive growth in the next 12 months. The latter’s team recently announced plans to create a mobile wallet, which may contribute to the rise of its price in the future. Cardano was the most active project throughout last year in terms of development, according to analysts. A number of upcoming technical upgrades can also have a positive impact on the financial component of the ADA token.