The cryptocurrency market was in a bull run in 2020 and 2021. Some investors now use cryptocurrencies for payment and transaction purposes. In this article, let’s examine 9 altcoin projects that can be HODLed in 2022 from the list of analyst Sayantani Sanyal.
Here are 9 altcoins to be HODLed in 2022
- Bitcoin is currently the most trending cryptocurrency after its rally in 2021. It performs all transactions directly between equal, independent network participants and does not require any intermediary beekeepers.
- Ethereum is largely known for its smart contract possibilities. These contracts are programmable, with multiple use cases including tokens, stablecoins, DeFi or NFTs.
- Solana is facing a downturn, but is the analyst’s third-place selection due to its hugely successful success in 2021. SOL is one of the fastest growing altcoin projects in the market. According to reports, Solana price appreciated 13,662% in 2021.
- Experts and crypto analysts believe that meme coins are not suitable for long-term investment. But memecoins showed their potential in 2021. Therefore, it might make sense to evaluate the Shiba Inu, according to the analyst. Next to SOL, SHIB is up 481% in 2021. It achieved an explosive increase in market value by 000.
- The emergence of the metaverse took the internet by storm in 2021 and this trend is expected to continue into 2022. Axie Infinity, one of the successful examples, was almost 16% last year. 000 grew to become one of the best performances.
- Expectations from Polygon are quite high this year. The project is set to migrate to ETH 2.0 based entirely on layer-2 solutions like Polygon. This may also indicate that it has the advantage of experiencing an increase in MATIC and is a good option for HODL.
- Avalanche grew by almost 2000% last year and experts believe this trend will continue in 2022.
- Terra, Blockchain protocol that uses stablecoins to power global payment systems. LUNA combines the price stability and wide adoption of fiat currencies with the censorship resistance of Bitcoin and offers fast and affordable payments.
- Dogecoin is one of the most popular cryptocurrencies on the market. According to the analyst, the meme can be evaluated in the coin category.
- Cardano, the PoS Blockchain giant that touches the real world. The altcoin project also aims to redistribute power among the less privileged members of society. ADA is designed to allow investors to participate in the operation of the network as well.
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