Top projects to look forward to in 2022
Welcome back everyone today I'm going to discuss about projects I'm looking forward to in 2022. All these projects are projects I really like and hence I might be biased but I'll try my best to provide a completely unbiased opinion about them So let's get started
1. Polygon(Matic)
Polygon has been one of the leading Ethereum layer-2's for well over a year now. It currently accounts for over 50% of all total value locked on Ethereum layer-2's and is working on many Ethereum scaling solutions most notable ones being Polygon zero and Polygon Nightfall. Both are Ethereum rollup solution that works on making Ethereum a scalable yet secure blockchain.
You might be wondering what will happen to Polygon after Ethereum 2.0 is released. And the answer is simple Eth 2.0's architecture is set to scale because of the introduction of Sharding after the surge upgrade. but these shards are not Smart contract compatible and will be used to record snapshots of transactions sent by these rollups hence I believe that Polygon will be stronger than ever. All of this is not including polygon's pos sidechain which has already been live for over a year now. Moving on we have
2. Makerdao(MKR)
Makerdao has been a leading Ethereum Defi protocol for a while now also Maker is behind the popular decentralized Stablecoin known as DAI. Maker has a unique model where all the Dao's profits will be converted into MKR and burned which is good for MKR holders. Another great reason I like Maker is that it tends to do quite well when crypto sees a sudden drop there reason being many loans get liquidated and there is a liquidation penalty of 13% which is used to burn Maker.
Another great reason to hold Maker is that it has highly underperformed the Crypto market lately but the Protocol continues to grow giving it a Low P/E ratio of less than 12 making it a great long-term investment. moving on to the next one we have
3. Spell
I personally think this is a very high-risk investment compared to the other coins mentioned above but I equally believe this project has a ton of potential in the long term. This is the native token of the ABRACADABRA MONEY Ecosystem which is similar to maker Dao but can be used to mint their own stable coin MIM the good thing about the protocol is that the underlying collateral can be earning Interest while you can take on leverage doing yield farming. I personally don't hold this token but I really believe in the technology here.
Honorable mentions
1. Ethereum
Ethereum has been among the top cryptos since its release in 2015. It's also the world's largest smart contract compatible crypto has a strong ecosystem built around it and despite the setbacks has around 180 billion dollars in Total value locked. It's hard to compete with Ethereum and with the rollout of Ethereum 2.0 Right around the corner I still believe it has a strong room to grow
2. Tron
Tron is another smart contract crypto known for its low fees and high speeds. Also, inflation within the Tron ecosystem is relatively low and it has a good POS functionality.
And finally, after all this, you might be wondering where to buy these coins/tokens and there is no other place better than Bityard you can buy all these and many more altcoins here, and if you are not into trading crypto or don't know how it works all you need to do is find a good trader and Copytrade Bityard is one of the best exchanges for Experienced investors and Newbie's alike.
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Alright, that's it for today see you next week.