As Bitcoin recovers from a rocky start to 2022 and is expected to breach its all-time high of $60,000 again in the coming months, it’s worth keeping an eye on other types of cryptocurrencies that could end up delivering big in the future. this 2022. Today we are going to tell you what they can be.
This analysis is carried out by Analytics Insight , who have pointed out the three cryptocurrencies that could increase their value the most in 2022. They all have a common denominator: they have been built on Binance Smart Chain (BSC).
With the growth of DeFi and NFTs, a pressing need for efficient blockchains has developed. The Ethereum network has had problems with network congestion or record gas rates. Users, developers and platform operators have started looking for alternatives like BSC, faster and cheaper than Ethereum. That is why the projects created here are among the most promising and sufficiently efficient and scalable.
The three cryptocurrencies you should buy this year
If we listen to the opinion of these expert analysts, there are three great possibilities that should not be missing in your cryptocurrency wallet considering its growth possibilities.
First of all, we have the native Binance token, the Binance Coin or simply BNB. It has a main use as a means of paying commissions within the Chinese exchange. “BNB could be a good investment in 2022 as the general health of the cryptocurrency market is reflected in the price of BNB. Its price is currently $432 and some analysts believe that by the end of the year BNB could reach $1,000.”
Binance BNB Token
Another alternative would be Cake, from PancakeSwap, one of the leading decentralized exchanges. Its CAKE token “saw a huge surge of nearly 7,000% to a 2021 high of $44.18. It is currently sitting at $8.29, which could provide a good entry point with plenty of room for upward growth.”
The latest cryptocurrency is GALA , one of the many cryptocurrencies that broke records last year, growing 57,000% from January 2021 to its all-time high of $0.8367 in November. With the release of its first game, Town Star, Gala Games aims to create “blockchain games you’ll actually want to play.” It has more games on its release schedule, including a sci-fi strategy game and a fantasy RPG. Currently its value is $0.343.
Two other promising alternatives
The recommendations of the experts do not end there. They have also chosen two other cryptocurrencies that should not be left aside in the face of growth expectations. Like the previous three, they are also built on the Binance Smart Chain (BSC).
The first is Radio Caca (RACA) , which reached its all-time high of $0.01167 on November 14, 2021. According to Wallet Investor’s algorithms, “RACA is an incredible long-term investment, being able to reach a value of $0.0443 dollars in 2023 if the market continues an uptrend led by Bitcoin.”
Memecoin BabyDoge
Finally, BabyDoge also stands out within the competition in memecoins against Dogecoin (DOGE) and Shiba Inu (SHIB). Michael Kuchar, CEO of TradingBeasts, noted that it may rise more than 1,000% through September from its current price of $0.000000003574.