Investing in cryptocurrencies is not an easy task, especially at a time when the market remains motionless. In this framework of few certainties, investors who want to bet on cryptocurrencies should invest in the following three in order not to lose value and bet on growth in 2022:
Solana
The Solana (SOL) cryptocurrency is one of the promises. Its particularity is that it is considered a blockchain network superior to the rest of the available projects such as Ethereum (ETH) or Terra (LUNA). This is because the realization of smart contracts occurs at a rate of 50,000 transactions per second. On a yearly basis, Solana’s price is positive. In the last quarter, its price fell after peaking and for analysts it is still a “high-risk, high-reward” product. However, this year the cryptocurrency is going to have advances.
Another of its peculiarities is that it is a cheap and developer-friendly crypto. Its momentum in recent times came from a series of NFT launches. For analysts, Ethereum will lose share to rivals like Solana, especially in this market. Solana may have ups and downs, but it’s a good investment for the whole year.
Polkadot
Polkadot (DOT) is a next-generation protocol that connects multiple specialized blockchains into a unified network. Designed as part of a broad vision of a network that returns control to individuals over Internet monopolies, Polkadot builds on the revolutionary promise of previous blockchain networks, offering several key advantages over them.
DOT grew by 244% in 2021. In February 2021, several large banks invested in Polkadot’s first Exchange Traded Product (ETP): Goldman Sachs bought 9,600 shares, Flow Traders got 6,897, UBS acquired 2,770 and JP Morgan took 500. Currently, they explain, ICAP owns 1,000 shares and Bank of America 2,200.
Terra
Since last week, Terra (LUNA) witnessed a couple of magnificent spikes that showed the asset’s trend to reach US$100.
The price of LUNA is currently experiencing an immense uptrend after forming a pair of bearish hammers, the price recorded a great bullish candlestick pattern. Despite suffering multiple pullbacks, the asset is one of the bullish assets over time. And, therefore, the asset is poised to reach not only a 3-digit figure, but also much more.
The price of LUNA maintains a remarkable uptrend, reaching the required resistance levels. Once the asset experiences a significant rise, the possibility for the asset to skyrocket is imminent.
