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After seeing the eye-watering growth of Bitcoin and Ethereum, you want to know about other cryptocurrencies that have the same potential to rise. If yes, then you have come to the right place.
Crypto can indeed be a valuable part of your investment portfolio if managed correctly.
Owning multiple crypto coins can even help maximize your investments as diversifying protects you from losing all your hard-earned money.
For those who want to get benefitted from investing in crypto and getting higher returns in the near future, I have compiled a list of cryptocurrencies that have the great potential to grow in 2022.
Cryptocurrencies with great potential for growth in 2022
1. Cardano (Ada)
Cardano was the idea of Charles Hoskinson, the co-founder of Ethereum. He began its development in 2015 and launched it in 2017.
Cardano being a third-generation platform considers itself as an upgraded version of ETH with second-generation credentials.
It is a decentralized blockchain, using Proof-of-Stake (PoS) protocols.
Cardano is already one step ahead of ETH in terms of blockchain, while ETH will shift to PoS (which is more efficient) in 2022, Cardano adopted PoS since its birth.
“Ada” is Cardano’s digital currency and is named after Ada Lovelace, a 19th-century countess and English mathematician who is recognized as the first computer programmer.
Past performance analysis
Ada is one of the most highly sought-after cryptocurrencies for new traders because of its still relatively low price and excellent marketing, paving way for a promising future.
Cardano’s price during its pre-launched sale was $0.0024, which has now (at the time of writing) reached $2.18.
It gained 1,300% in just 4 years thus making space for itself in the top five best performing cryptos.
In 2021, the Ada token has grown 1,583%, compared to 69% for Bitcoin and 417% for Ether.
As per Digitalcoin Forecast, the Cardano price is estimated to rise by $3.12 at the end of the year 2021.
Predictions
The Cardano crypto price is expected to reach –
- $3.83 in 2021, as per DigitalCoin forecast
- $7.70 in 2022 (just double as compared to 2021)
- $8.93 in 2023
- $6.05 in 2024
- BUT! $15 by the end of 2025, according to the Economy Forecast Agency platform.
The price prediction for Cardano in 2025 is projected to grow from $9 at the start of the year to $19.98 by the end of 2030, according to EconomyWatch.
So, studying all these reports and keeping an eye on Ada’s performance and predictions, it will be considered as an intelligent decision to buy it now.
Currently, it is cheaper than other cryptos, serving an ample opportunity to the people who want to try their hands at cryptos without risking much of their hard-earned money.
According to predictions by TradingEducation, 2024 may not be much favorable year for Cardano but it is capable of giving you cheesy returns in the long run.
2. Solana
Solana is a California-based public blockchain platform founded by Anatoly Yakovenko in 2017.
It is open-source and decentralized, using proof of stake and proof of history.
The cryptocurrency of Solana is called SOL, launched in April 2020 and had drawn enough attention towards itself in the last 19 months.
One of the prominent features of Solana is its scalability with the ability to process over 50,000 transactions per second (TPS), compared to 30 TPS in Ethereum.
It achieves such speeds with a combination of consensus algorithms – Proof of Stake and Proof of History as mentioned above.
SOL has a total supply of 506 million with about 60 percent already in circulation.
It currently ranks in the top 10 cryptocurrencies with a price of $202 per token, with more than $62 billion market capitalization.
Past performance Analysis
Being highlighted by The World Economic Forum, Solana has one of the most impressive price charts this year soaring 18,000% in value since its launch in 2020.
SOL started 2021 with a price range of around $1.5 per token and thus has nearly achieved a spectacular 100x in the last 10 months.
Post its all-time high of $215 in early September, SOL declined in price on account of profit-taking and is currently in a consolidation phase.
Predictions
As per the reports of Longforecast, SOL is supposed to open at $204 in January 2022.
It is projected to follow the same growth frequency and make it reach $301 by the mid of year.
Rising consistently it is estimated to touch the price of $447 by the end of 2022.
Continuing to flourish in 2023, it is expected to mark the beginning of the year with $478, reaching its peak price of the year, $639 in the month of April.
It is definitely expensive than Cardano. Though it fluctuates more in a day if you compile up its year’s performance, it’s a good coin to invest in.
3. Polkadot (DOT)
Polkadot was founded by Gavin Wood (a co-founder of Ethereum) alongside co-founders Peter Czaban and Robert Habermeier in 2016.
It is a next-generation platform that introduces a new era in scalability by connecting blockchains and enabling cross-blockchain “parachains” interoperability.
Polka has a fast-growing user rate making it one of the most anticipated projects in the industry.
DOT is now the indubitable champion of the altcoin arena as it has been in a bull run this year paving its way to the top crypto chart.
The current (at the time of writing) price of Polkadot is $41.20.
Past performance analysis
DOT was listed on crypto exchanges in August 2020.
Polkadot’s first initial coin offering (ICO) was held in October 2017. The Polkadot price at ICO was $0.29, with 2.24 million tokens offered.
The second ICO was held in July 2020, with a Polkadot price per token of $1.25 and 342,080 DOT tokens sold.
DOT has shown marvelous growth in the past one and a half years.
Its price by the end of October 2020 was $4.37.
Polka faced a steep growth in November and December taking the price to $9.29.
It marked the end of January 2021 with a price of $16.12.
From February 2021 to the mid of May 2021, its value kept on increasing, touching $47.95.
Then it suffered a bit but started heading back to growth after August 16, 2021.
Predictions
According to data, there is even a forecast by Longforecast that the DOT price may come up with its own blockchain platform transitioning itself from Ethereum base getting enlisted in the major cryptocurrency exchanges the world by the end of 2022, taking Polkadot price to $137.14.
2022 is expected to be a blossoming year for DOT, continuing its cherished growth and reaching $144.69 to $166.47 by the end of 2023.
In the long run, it is expected to give even greater returns, touching $162.29 in the mid of 2024.
However, you need to be more patient with DOT, its growth in 2025 is expected to be stable and not fluctuate much.
4. Tether (USDT)
Tether is a Hong Kong-based cryptocurrency. It was initially launched as RealCoin in July 2014 and was rebranded as Tether in November by Tether Ltd.
Tether Ltd. is controlled by Bitfinex, a cryptocurrency exchange owned and operated by iFinex Inc. registered in the British Virgin Islands.
Tether is a stablecoin, as it was originally designed to always be worth US$1.00, maintaining US$1.00 in reserves for each Tether issued.
Stablecoins are the cryptocurrencies that track traditional fiat currencies like the Dollar, the Euro, or the Japanese Yen.
It aims to provide benefits of both, open blockchain technology and traditional currency.
Tether falls into the specific category of fiat-collateralized stablecoins implying that the Dollar, the Euro, or the Japanese Yen backs each crypto coin in circulation.
It excites the crypto investors who want to avoid the extreme volatility of other cryptocurrencies like the wide swings observed in the prices of other popular cryptocurrencies like Bitcoin and Ethereum.
Past performance analysis
Being a stablecoin, it has not shown many fluctuations in its past years.
The all-time high price of Tether was $1.21, marked on May 27, 2017.
Tether rolled down to its lowest price, $0.88 at a point in time, but didn’t freeze there for long.
Predictions
As per TradingBeasts, by the end of 2021, the average Tether price is expected to be $1.28395.
Tether price is forecasted to reach $1.2839485 by the beginning of January 2022.
The maximum price is being expected to be $1.6049356, minimum price $1.0913562. Its price for the end of the month is being predicted to be $1.2839485.
Price is forecasted to reach $1.27834 by the beginning of March 2022.
The average change that can be witnessed in the whole year is 28.45%.
It is expected to mark the ending of 2022 with a maximum price of $1.6050898.
For 2023, it is supposed to mark the beginning with a price of $1.6050980 (maximum), following an average change of 28.46%.
Its price is expected to lie between $1.0914849 to $1.6051248 in the mid of year.
The ending of 2023 is expected to be marked with the price of $1.6051145.
Final thoughts
These are the cryptocurrencies that are pocket-friendly as of now and buying them before the beginning, or even in 2022 can serve you with fruitful returns.
Ada, Solana, DOT, and USDT have great potential for growth in the near future, and if you give them chance to hold a bold place in your crypto portfolio for the long term then these coins can prove to be really worthwhile.
Being new in this crypto journey, if you are not interested in investing price range of Solana then you can make an effective portfolio with the rest three as their prices are comparatively more grounded.
So, wrapping up with it, if you found this post useful then do share it with people who might be looking for the same.
