The Cryptocurrency industry continues its global rise to prominence, with increasing numbers of investors viewing it as a worthwhile part of their portfolios.
After the failure of ICOs (Initial cryptocurrency offerings) in 2017 and 2018 which spooked early adopters, there has been an upturn in momentum in recent times through two new instruments — NFTs and DeFi.
And as we look ahead to 2022, there are a variety of products that may harvest a good return.
Ifyou are a cryptocurrency trader looking to get in on trades before the token price skyrockets, then you need to take a close look at LBlock. LBlock is the native token of Lucky Block which was launched in 2021.
At the moment LBlock is on the bucket list of most crypto market analysts and it is getting a lot of traction on Reddit and other online crypto communities because it brings a new perspective to online gambling.
Backed by a team of highly experienced gamers and business people, the platform is optimistic about being a future major player in the $230billion gaming industry.
Lucky Block was built to disrupt the online gaming industry by using blockchain technology to improve the way gamblers interact with online games.
To ensure that Lucky Block offers its players integrity and legitimacy, all gaming functions are done through smart contracts. This ensures that every lottery game is true and fair — with no ability for intermediaries to manipulate the gaming process.
More so, the involvement of blockchain ensures efficiency and transaction speed, while eradicating geographical limitations, because people can participate from anywhere in the world.
The token was listed this January on PancakeSwap — a top decentralized exchange — at a listing price of $0.00020. Less than a month later, LBlock reached an all-time high of $0.0096. The digital asset currently trades at $0.0030, which is still a massive jump from its listing price.
It holds the record for the first crypto to reach $1billion in market cap and as of February, more than 40 000 investors have bought the token.
LBlock developers are currently working on an upgrade to make the coin available on centralized exchanges. The LBLOCK V2 was announced in March, and it is expected to enable seamless day trading without any excess taxation.
The upgraded coin is also expected to come with a price booster mechanism that will open LBlock to Ethereum liquidity pools, creating an even more enabling environment for day traders.
Avalanche
Avalanche is a blockchain that was launched in 2020 to address some of the common problems faced by older crypto platforms. They include lack of interoperability, scalability and userbility.
The protocol is reputed for its sub-second transaction times, which puts it on par with the top payment platforms like PayPal and Visa. Avalanche is powered by its native token Avax and multiple consensus mechanisms.
The platform is distinguished by its burning mechanism; this means sending tokens to an inaccessible address or removing it from circulation.
This process which can be compared to stock buybacks can trigger a rise in the price of the token by reducing supply for a given level of demand. More so, Avax pegs its token supply limit to 720million coins, thus enhancing its coin burning mechanism.
At the moment Avalanche can process up to 6500 transactions per second.
With a market cap of $25billion, Avax is the 10th largest cryptocurrency, however, it has a good chance of future growth as a result of its deflationary design and technical specifications.
Maker
Maker, a native token of MakerDAO, is a smart contract built on Ethereum that helps stabilize the value of DAI. MKR which traded at $2054 as of April 7, has a market cap of $2billion and gained almost 8percent in the last 30 days.
Users can lock up ETH in protocol and create ‘DAI’ a stable coin pegged to the Dollar. This allows users to access DeFi services like loans and saving and generates yields without the need for any invasive KYC checks.
Chainlink
Chainlink is one of the crypto projects that have been touted by investors because it uses oracles to provide off-chain data to the blockchain. Since a blockchain does not have free access to information outside of its system, the oracle acts as an information channel in a smart contract.
The Chainlink network consists of two main components, they are the blockchain and off-chain. The two elements interact to provide up-to-date and reliable data.
During the ICO, the ChainLink team raised over $32million to fund the project development. This has helped to create some momentum around the project’s native token LINK which has performed well in the last two years moving from $0.30 to #15.49b.
Experts have said that LINK may not experience exponential growth in 2022 as the price may linger between $11 and $17, yet there is a consensus that the token value could hit $25 by 2015.
Uniswap
Uniswap is a decentralised exchange that uses smart contracts to set prices and execute trades. Within a short time, it has been popular among investors, recording $89million as of March. More than $70billion worth of crypto is traded on Uniswap monthly.
The Uniswap is very user-friendly, so it doesn’t take long to learn how it works. It is easy to connect a crypto wallet, swap one crypto for another or deposit your crypto in a liquidity pool.
Experts have said that this is a good time to buy Uni, Uniswap’s native token. The coin is down to $10.08 from its all-time high of $44.92, but analysts expect a rapid rise in price once the market flips bullish.
Predictions from several analysts project growth of at least 100 per cent by year-end. Digital Coin forecasts a price of $20.88, Walletinvestor has set a target of $28.35, while the year-end projection from Price Prediction is $23.46.
Enjin
Enjin is an ERC20 token devoted to blockchain gaming. The platform is one of the largest gaming networks, supporting more than 250 000 gamers. It is reputed for its lower fees and security.
Enjin is also popular for its interoperability as its coin can be used for transactions on various blockchains.
Enjin token was launched in July 2017 with an ICO that raised o er $13million. It entered the market at $0.022 on November 1, according to Coinmarketcap, the price peaked at $4.85 in November 2021 but has since fallen to $1.69 at the time of writing this article.
Analysts explain that if Enjin carries out some improvements on its platform by offering more flexibility and seamless transparency, then its price might rise close to $8 by the end of 2022.
More so, the outlook for 2023 appears positive, but only if the crypto market manages to avoid a crash within the year as a result of the PoW debate. If that happens, then the token prices might soar above $12 in 2023, but if there is a crash then it could come down to $4.
In the long run, experts expect Enjin to become a top gaming crypto, and shoot into the top 40 ranking in terms of market cap.
Yearn.finance
Yearn.finance is an open-source DeFi protocol that runs on the Ethereum blockchain. It is designed to simplify DeFi transactions and make DeFi products more accessible and affordable for traders who are not technically savvy. With YFI, crypto users can optimise their assets through lending services.
Yearn.finance started the year on an optimistic note after investors responded positively to news of a shift in tokenisation. The report notes that a portion of YFI purchased by the project’s treasury should be awarded as a prize to token holders who actively participate in the protocol’s governance.
The market responded with a gain of over 15percent from $28.688 to $38.768.
Analysts have indicated that the altcoin might improve efficiency month-on-month, and if the market continues to be bullish YFI could end the year at $52.21.
Solana
Another cryptocurrency asset that is tipped to deliver growth in 2022 is Solana. Solana holds an interesting prospect because like Ethereum, it is designed to warehouse dApps.
However, Solana is an improvement on Ethereum in terms of scalability and speed.
Solana is currently sixth on the Coinmarketcap ranking with a market cap in excess of $39billion and token price of $119, but experts predict that it could end the year on a much brighter note.
According to Coinpriceforcast, the value of the Solana coin could rise to $137 by June of 2022, the price growth is expected to continue month-on-month to $155 by year-end.
BAT
Basic Attention token is a cryptocurrency platform developed on the Ethereum blockchain to drive growth in the digital advertising segment.
The platform allows advertisers to pay token to publishers to bring their ads to users, while users are rewarded for engaging with the ads.
The BAT which was listed in 2015 at 17cent rose steadily until it peaked at $1.90 in November 2021, but it has since fallen and now trades at $0.68. analysts believe that the low price presents an opportunity to buy cheap before the next bullish market sets in.
With a current market cap of over $1billion, analysts have predicted that the BAT token could reach $1 by year-end.
Ethereum
Ethereum is the second-largest cryptocurrency by market cap and one of the fastest-growing digital currencies. Since its launch in 2015, ether, the native token of Ethereum has exploded in value, from $0.311 and peaked at $4800 in November; it now trades at about $34000.
Unlike Bitcoin blockchain which is designed to power the bitcoin token, Ethereum’s utility is more diverse, because it allows developers to build new tools, apps and NFTs on its platform.
To date, Ethereum accounts for the largest share of the Defi and NFT applications, which is why analysts describe it as the fuel for the decentralised economy.
In terms of return on investment, the Ether token has delivered about 300per cent to investors. And those who invested early have seen their investment almost quadruple on an annual basis in the last several years.
Experts have predicted a more volatile future for Ethereum, than bitcoin, because it transitioned to Ethereum 2.0, a less energy-intensive protocol.
The Ethereum 2.0 is expected to be more scalable and user-friendly, as a result, experts in Bloomberg have said that Ether could end the year between $4000 and $4500.
However, Coinpedia believes Ether’s price could go even higher and reach $12962 in 2022, but that would be dependent on the successful launch of Ethereum 2.0 which is expected to come on stream in June or July.