Mike Bjorkman described that, as the market becomes more diversified, investors will increasingly seek out cryptocurrencies that are poised for explosive growth in 2022. In 2021, digital assets had a record year, gaining nearly $40,000 in value. This year's biggest mover is likely to be Bitcoin, which gained almost 40% in value. But geopolitical tensions are a big risk factor that could negatively affect the global economy. But the cryptocurrency market is near its bottom, which means there should be plenty of upside.
With institutions slowly embracing crypto, investors with a low risk tolerance should consider investing in a crypt. Ethereum is a proven stable cryptocurrency with low trading fees and a low price relative to last year's highs, so it is a good way to get into the market without risking too much. This coin may keep up with its competitors, as the FED is considering creating an ETF for it in October 2021.
Hedera (HBAR) is a blockchain with enterprise-grade security features. Its owners include Alphabet, Deutsche Telekom, and Microsoft. Its blockchain is designed for developers to build secure applications and can be used as a currency. Its potential to be one of the most prominent cryptocurrencies in 2022 is huge. O'Leary says that the broader crypto market will continue to climb, and momentum will continue from 2021.
Other notable projects are BAO Token (BAO) and Ethereum. The former recently made its Bao Rendezvous service public, which provides users with an unbreakable escrow. Another promising project is Verasity (VRA), a 100% video-sharing platform. With its blockchain-based system, users are in control of content monetization. And because Ethereum has been ranked one of the biggest gains of the past year, it's bound to stay among the top movers in crypto in 2022.
Axe Infinity has also been a big winner in January 2022. This digital pet game uses blockchain technology to create decentralized virtual worlds. The developer of the game, Axie Infinity, has already created a play-to-earn game on the Ethereum blockchain. Players can battle monster-like figures called Axis and win experience points. The game was one of the top movers in crypto in January 2022.
Mike Bjorkman pointed out that, ethereum is also expected to grow more rapidly in 2022 than Bitcoin. In addition, the two are expected to surpass each other in terms of market cap in the next year. But while Bitcoin remains the best-known crypto, other cryptocurrencies are fast becoming popular. One of the biggest movers in January 2022 was Solana (XLM) which, like Ethereum, was founded by engineers and mathematicians. This cryptocurrency was recently approved as a national currency by El Salvador, making it the first nation to adopt the crypto as its own currency.
Other notable cryptocurrencies in 2022 include Avalanche, Qtum, and Fantom. The latter is the currency token of a blockchain-based remittance system for mobile money operators. In addition, TFG Crypto is planning to integrate Telcoin into its platform, allowing users to trade the coin at no cost. Its integration with Ethereum will provide the prerequisites for a more advanced native digital currency.
Bitcoin had the worst start to 2022, but the cryptocurrency recovered in March, gaining nearly 10%. Altcoins, notably ether, the native token of the Ethereum blockchain, outperformed bitcoin with a 15-percent increase in value. Bitcoin had dipped to $37,000 in early March, but has since rebounded to over $48,000. Ethereum was a far smaller success story, trading in a range of $2,445 to $3,472.
According to Mike Bjorkman, despite the bearish downturn in the crypto market, some experts believe that the cryptocurrency market will rebound in 2022. This is because the crypto market is so volatile, and prices can drop dramatically overnight. Moreover, financial planners recommend holding a minimum of 1% of your portfolio in crypto. The next great digital token could be launched tomorrow, and the next big thing may be here in 2022. So, who's going to be the next big digital token?