2 Cryptocurrencies to Sell in 2022

Points To Remember

Solana appears to be on its way to being the decentralized application platform of choice.

The built-in scarcity of Avalanche's token might help it explode in value.

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With a market capitalization of $2.2 trillion by the end of 2021, cryptocurrency's overall value nearly quadrupled from $774 billion at the start of the year. COVID-19 uncertainty and inflation (the US CPI climbed 6.8% in November) are pushing investors out of fiat money, so 2022 seems attractive.

Let's look at why Solana (CRYPTO:SOL) and Avalanche (CRYPTO:AVAX), two cryptocurrency assets, might be top options in this hot investing opportunity.

1.Solana is number

Solana saw a spectacular bull run last year, rising over 10,000 percent in 2021. The network's speed and transaction capacity can help keep the momentum going by attracting decentralized application (dApp) developers that require a stable blockchain platform.

dApps are blockchain-based apps that employ self-executing smart contracts to provide services. Until far, they have mostly consisted of specialized applications like as decentralized bitcoin exchanges and online art marketplaces. However, as technology advances, so will its applications.

Solana's platform might usher in a new generation of scalable blockchain-based applications with real-world usefulness, with a transaction throughput of 50,000 per second (compared to Ethereum's 15).

Zebec, a Solana-based payment mechanism, exemplifies its potential. Zebec is a software program that allows for real-time financial activities such as wages and investing. Visa, the world's largest fintech business, teamed with Zebec in January as part of its Fintech Fast Track initiative, which aims to incubate new payment solutions. This agreement is a strong endorsement of Zebec's protocol and the Solana blockchain on which it is based.

2.Avalanche

Avalanche has left early investors happy all the way to the bank after soaring over 3,000 0% in 2021. Avalanche, like Solana, is designed for dApp development and can handle up to 4,500 transactions per second. Its one transaction-burning mechanism may aid price stability by increasing the scarcity of its native token, AVAX.

Unlike Ethereum, which relies on miners solving problems to validate transactions, Avalanche relies on proof of stake (PoS). In a mechanism known as staking, its miners authenticate transactions with AVAX tokens that they already possess. According to the platform's website, the tokens are locked up, making them temporarily untransferable, in exchange for fresh units at 9.8% APY.

The avalanche network burns transaction fees and sends them to an inaccessible wallet to combat inflation and increase AVAX's scarcity.

Approximately 617,000 AVAX devices worth $55 million have been recalled thus far. The transaction burning system is good news for investors since scarce assets have a higher value, providing demand remains steady or rises.

3.Taking a chance on innovation

Solana and Avalanche are two completely distinct cryptocurrencies, yet they share one important trait: they are both innovative. Solana's blockchain has been tuned for speed and scalability, while Avalanche's unique transaction-burning process may assist to improve token scarcity and price. Both currencies may be able to stay ahead of the pack in 2022 because to these qualities. It's also not too late for new investors to get in on the action.