If you are looking for new investment alternatives, one of the most interesting ones is to invest in cryptocurrencies. These assets have experienced a great growth in value since their creation and, according to experts, they will continue to have an upward trend next year. Below is a small selection of tokens to invest in next year:
- Ethereum (ETH): It is the second largest token by market capitalization and it was the first one to introduce smart contracts, which are small pieces of self-executing code that allow applications to be built on the blockchain.
It is an open source platform, which is used to program smart contracts. Unlike other blockchains, the platform is decentralized. It is also programmable, which means that developers can use it to create new types of decentralized applications.
Ethereum has already grown by more than 150,000% since its launch in 2015, but right now the network is struggling with heavy traffic and high transaction fees. Even so, Ethereum still has the most decentralized applications, a market capitalization of US$484,268,182,049, and a current supply of 118,397,659 ETH coins.
- Cardano (ADA): it was created by one of Ethereum’s co-founders, Charles Hoskinson, and according to Cardano’s website it is “a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many, as well as the few, and bring about positive global change.”
It is the first blockchain platform to be founded on peer-reviewed research and developed through evidence-based methods and it combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
Cardano was founded in 2017, and ADA tokens are designed to ensure that owners can participate in the operation of the network. Because of this, holders have the right to vote on any proposed changes to the software.
It is currently number 6 in CoinMarketCap’s ranking, with a market cap of US$60,125,522,777, a circulating supply of 33,313,246,915 ADA coins and a maximum supply of 45,000,000,000 ADA coins.
- Solana (SOL): Solana has seen extraordinary gains this year, rising more than 12,000% since January 1. It is one of several cryptocurrencies seen as potential Ethereum competitors due to fast, low-cost transaction processing. According to its website Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3 and more.
While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation based in Geneva, Switzerland. It is currently ranked number 5 at CoinMarketCap, with a market cap of US$60,916,401,339 and a circulating supply of 303,506,975 SOL coins. At this point, Solana appears to be well positioned for the long term.