Terra has boomed this year, soaring 17,469 per cent at the time of writing, but this doesn’t mean it’ll continue to rise. Terra is a blockchain, but the coin itself (LUNA) is at its core, a special kind of “algorithmic” stablecoin, which is quite unique. That could continue to be the case, which is why it’s sometimes dubbed the “Ethereum Killer”, but there’s also anxiety around security on Solana when it comes to hackers. It’s also far cheaper than Ethereum, which has prompted a lot of applications and NFT creators to favour it. The difference is that Solana has a lot of potential to close that gap, as its blockchain is the fastest around, partly thanks to its proof of history system.
For those who follow football, it’s similar to the gap between Liverpool and West Ham (second and fifth, respectively) in the Premier League right now. In terms of value, one Ether is £2,990 at the time of writing, while one Solana is £135. The market cap is at £41.7 billion, compared to Ethereum at £356 billion. Solana is the third-most popular altcoin, but relatively speaking, hardly anyone knows about it. On average, stocks increase by 10 per cent a year, so that’s a pretty huge return. Solana has really done bits this year, increasing by 16,682 per cent at the time of writing. If that crashes, it all will, so we’ll just skip the obvious. As far as crypto goes, bitcoin is still steering the ship. Oh, and bitcoin will be spoken about as much as ever before this year. These coins are presented in order of their popularity at the time of writing. I’m a crypto columnist and not a financial advisor, after all.Īnyway, let’s get on with it. Whether you’re using spare change or remortgaging a home to invest, make sure you do your own research beforehand. Please remember that this is not financial advice. But based on research from a variety of crypto analysts and general trends, the coins below are likely to be getting a fair bit of attention, and maybe scrutiny, next year. A brand new coin could take over the world, or the entire blockchain thing could digitally blow up – probably not, but the point is nobody knows what will happen. Some of the things on here could tank and some could rise the ranks of cryptocurrency popularity. Some of the hottest cryptocurrencies of 2022 simply won’t be on this list.
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