![]() They don’t want Meta putting their hands into the virtual reality space they want it to be by the people, for the people. The metaverse, while holding a major Silicon Valley backing, is still something many want to see decentralized. This makes the case for Decentraland’s MANA token as a crypto to watch going into next year. Facebook’s rebrand to Meta Platforms (NASDAQ: FB) is proof enough of that if a tech giant with a market cap of nearly $1 trillion and a history so rich it has spawned movies about its founding is making a rebrand of this magnitude around an industry, that industry is going to stick around. But, it’s a space with a massively significant backing by not only the blockchain industry but Big Tech as well. The metaverse might not seem essential after all, it’s a virtual space for people to do a lot of things they can do in real life - playing games, socializing, seeing live music, etc. If there’s an industry that’s guaranteed to continue growing through the new year, it’s the metaverse. Since January, the network has added 500,000 active users, and SOL’s market cap has grown to nearly $100 billion. In the meantime, Solana continues to explode in size and market cap. The network won’t be making its big proof-of-stake overhaul until at least summer of 2022. Solana offers up to 50,000 transactions per second, and it promises fees of below 1 cent to pay for these transactions.Įthereum is working on improving scalability through its Merge upgrade, but this is still far off. The 2,300% growth in fees is exasperating Ethereum’s users, and Solana has become a network that many are turning to. Through this year, gas fees for an average transaction on Ethereum reached prices as high as $50 for a simple swap. Take, for example, Ethereum’s hike in gas fees. Solana’s is one such network, and it is using this growing adoption to its advantage. Some networks are simply more apt at handling larger volumes of transactions than others. As blockchain continues to become more and more ubiquitous among internet users, there will certainly be more transactions of data occurring on these chains. Solana’s biggest edge is its scalability. ![]() But the biggest factor behind this open-source dapp playground isn’t just hype or NFT trendiness rather, it’s Solana’s position to give Ethereum (CCC: ETH-USD) a run for its money as the king blockchain network. This boom can be attributed to many things, be it the high-risk market trends or the network’s highly successful foray into non-fungible tokens (NFTs). The SOL coin has boomed those that bought in in early January at $1.40 are resting on a 13,000% gain at its current price of $183.10. Solana is already one of the biggest clear-cut winners of 2021. With that said, what cryptos are looking to lead the pack of winners through the next year? Consider this grip of digital currency plays: Winners are going to be found in utilitarian plays and burgeoning tech trends these coins and tokens are going to keep their heads above water and then some. Arbitrage tokens, store-of-value plays and meme coins aren’t going to cut it as we head into the gauntlet of the next year. So, if investors want their crypto holdings to remain winners through the next year, it’s time for them to get selective. Of course, the Fed’s plan to hike interest rates thrice over the course of 2022 feeds into this bearishness for crypto as well. Additionally, inflation continues to rise as a point of concern. With the entity looking to drastically taper its emergency spending, investors are going to become increasingly risk-averse with their portfolios. The Fed meeting on Wednesday has sowed fears across the stock market. With worries about inflation heating up, what will be the next cryptos to explode in 2022? However, there are some problems on the horizon. ![]() The asset class has seen some of the biggest booms, followed by some of the steepest busts now, it looks like digital currency is going to round out the year on a high note. After a year like 2021, crypto prices have their work cut out for them in 2022.
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