As the DeFi and NFT markets have become the focus of attention this year, there are some disadvantaged tokens that may remain low-key until next year. There are several noteworthy projects in these areas that are expected to gain attention in 2022 and are therefore worthy of attention. We can also expect several new projects to appear and change the situation.
The following are some of the worthy tokens entering 2022.
Solana is one of the strongest altcoins in 2021. It has been silent recently, but it is expected to grow steadily in 2022. It is based on the Proof of History (PoH) consensus mechanism, which makes the network more energy efficient compared to many competitors. Although many standard blockchains rely on the continuous production of blocks that need to be confirmed across the network, PoH allows validators to calculate the state of the network from the ledger itself. The Solana protocol can rely on its own internal clock and maintain a throughput of more than 50,000 transactions per second.
A low-key coin that has attracted attention this year. This coin has seen an astronomical increase in the past few months. This may come from several well-known dApps running on the Solana network in the areas of DeFi, e-commerce, non-fungible tokens (NFT) and gaming. Solana’s market capitalization is 65 billion U.S. dollars, with an average transaction volume of more than 1 billion U.S. dollars per 24 hours. Based on daily trading volume, it is among the top 10 currencies. Therefore, although Solana may not be long-awaited early next year, it provides substantive and practical products for popular industries.
Expect Solana to continue its huge gains, as it ended the year with a loud noise.
Sol latest price action via trading view.com | SOL/USDT on TradingView.com
Waves is a platform that can be used to build dApps, smart contracts, and new tokens. It uses the Proof of Stake (PoS) consensus WavesNG and the network’s native token WAVES. Tokens are used as rewards and incentives for mining, payment and voting. Since it is an ERC-20 token, WAVES also makes Waves interoperable with the Ethereum network. A large number of projects have been built on this platform, including cross-chain network Gravity, DeFi platform Neutrino and encrypted exchange Waves DEX.
The market value of WAVES tokens exceeds 2.3 billion U.S. dollars and occupies an important position in the top 100 cryptocurrencies.
Our third item on the list is a respected and recognized coin called LUNA. This basic layer protocol uses stable currencies linked to popular legal exchange rates, especially TerraUSD. LUNA, as a reserve asset, helps maintain the price of these stablecoins. In October, Terra carried out the Columbus-5 upgrade, enabling the inter-blockchain communication (IBC) standard, allowing users to easily transfer LUNA, TerraUSD and other assets from Terra and make them interoperable with other networks. After this update, the price of LUNA token immediately hit an all-time high of $49.43. Next month, it hit a record high of US$54.77.
We can never predict what will happen to these tokens, we can only look hopefully at what will happen before us.