Will altcoins rise in 2022?

It's no secret that altcoins have had an incredible year so far. A 10% increase in the cryptocurrency space is normal. In turn, it would be considered a ridiculous number in the stock market. While famous cryptocurrencies like Ethereum and Solana are opting to grow 1,000% and 10,000% respectively in 2021, a few foreign altcoins have moved beyond this mark. The last bull run was very short but crisp. All in all, this bull run exceeded all expectations and many eyes were caught when Bitocin crossed the $69,000 mark for the first time. However, Bitcoin's dominance is slowly eroding as the potential of altcoins is brought to light. Altcoins are virtual currencies that differ in their technology from BTC. Some promising altcoins standing next to Bitcoin are Ethereum, Cardano, Ripple, Chainlink, Dogecoin and Binance Coin. Whenever Bitcoin looks back, alt season picks up speed. Sometimes, these altcoins follow the same trend as BTC. What we're going through right now is a similar period where Bitcoin and other altcoins are heading towards a bear phase.

No one can accurately predict anything about the cryptocurrency market. Expectations can go wrong at any stage, as they are highly variable and vary according to the internal mechanism. Fortunately, we have roughly rounded up some altcoins that might perform well with their underlying technology, use case potential, and previous trading patterns. Some of these are listed as follows.

After posting impressive gains in 2021, Ethereum is expected to do the same in 2022 and beyond. Ethereum 2.0 with energy-efficient proof-of-stake consensus is expected to help the altcoin gain value.

Cardano gives Ethereum heavy competition in the areas of network efficiency and dapp creation. This is the largest and most successful blockchain platform working with proof-of-stake consensus.

With a mix of proof-of-stake and proof-of-date mechanisms, Solana is expected to emerge as a major cryptocurrency in 2022.