5 crypto U Need to hold FOR 2022
I have to start this off with the disclaimer that I am not a financial advisor nor am I giving financial advice. These are just my personal thoughts and opinions that I share with you all. Do Your Own Research!
I’d like to welcome you guys back for another article.
For this article, we didn’t do a top 5, each coin/token belongs to it’s own category (my own classification) and I think these will be the best ones from each.
- Charity Token For 2022: Toyz Token
Yes, Toyz Token has made another one of my lists. I’m not their biggest supporter, there are those who love what they’re doing more than me but what is there not to love? These guys came out of nowhere with a goal in mind, and the drive and ambition to make it happen. Toyz Token from the beginning said we’re going to do it for the kids, nothing for ourselves and promptly after launching their charity token, made a large toy donation to a community center that helps children and families in need.
They’ve just started to hit the discovery phase and people are starting to take notice about what Toyz is doing! At less than a penny, this is one of those that you grab a bag and HODL, not to mention that 5% of every buy and sell is redistributed to the holders for a nice, easy, relaxed passive income.
Toyz was created in July 2021, rather quietly with no fanfare, no presale, no marketing, just a stealth launch and away they went. According to the creator, this is a community token and he wants the community to come together for it. A united group of investors with the aim of helping out the less fortunate families and children in the world while growing their own investment.
Toyz’s work behind the scenes to make themselves worth your investment has been insane too. Dropping NFTs, being accepted as a currency in a store, entering the Metaverse with their own arcade, preparing their own branded line of toys, all before 300 holders, and so much more in the works according to their Roadmap. Imagine getting in early on something that will change lives worldwide, this is that opportunity!
www.toyztoken.com
t.me/toyztoken
- Ecosystem Crypto For 2022: Solana
With so many developments in the rapidly expanding industry of DeFi — short for decentralized finance — it’s challenging to keep track of the most promising networks.
In the race to become the ultimate DeFi network, the Solana ecosystem is emerging as a low-cost, high-speed competitor to Ethereum and others, with (yet) unmatched transaction throughput. These qualities, paired with peak composability, make the network a good alternative for both veteran developers and beginners looking to experiment with smart contracts and NFTs (non-fungible tokens).
Solana is the world’s first web-scale, open-source blockchain protocol, that enables developers around the world to build decentralized applications (dApps) on its ecosystem. Presently, Solana is capable of 50,000 TPS (transactions per second), making it the world’s fastest blockchain. Having the necessary security, censorship-resistance, and cost-efficiency required for world-class dApps, numerous developers and institutions are choosing to build on its ecosystem.
The Solana ecosystem refers to a suite of technologies that work synergistically with the protocol to boost its speed and scalability, and to a collection of dApps that are built on Solana’s open infrastructure. Anyone can start building on the ecosystem, thanks to its open protocol and suite of developer resources.
The ecosystem currently hosts about 500 dApps, but the network’s explosive growth indicates that this number is on a steady rise. Following the increased demand for DeFi (decentralized finance), Ethereum, the world’s leading open network, was plagued by network congestion that led to high gas fees. This drove more developers to Solana’s lightning-fast layer-1 solution, thanks to its average transaction cost of $0.00025 and 429-millisecond block finality.
- Meme Coin For 2022: Shiba Inu
Shiba Inu may have exploded in 2021 but you’re still not too late for the party. With many businesses choosing to accept Shiba Inu in stores and online as a method of payment, there’s no telling where this coin can go. Just look at the story of Dogecoin and you’ll understand. Here’s Shiba Inu’s story. Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.
Shiba Inu aimed to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.
On Sept. 17, 2021, Coinbase, the largest US-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.
The SHIBA INU WoofPaper has three reasons why their team created SHIB:
“We started from zero, with zero.”
“The brilliant minds behind Shib had never collaborated before.”
“We love Shiba Inu Dogs.”
The anonymous creator of the Shiba Inu coin is known as “Ryoshi.” However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.
The SHIBA INU website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market.
SHIBA INU has also created a campaign using Amazon Smile in order to collect donations for rescue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.
- Altcoin For 2022: XRP Ripple
Ripple is a real-time gross settlement system, currency exchange and remittance network that was released in 2012. Its token is known as XRP, which currently has a market cap of over $120 billion. XRP’s purpose is to serve as an intermediate mechanism of exchange between two currencies or networks. Its transactions are both cheaper and much faster than Bitcoin.
A class action was filed against Ripple in May 2018 “alleging that it led a scheme to raise hundreds of millions of dollars through unregistered sales of its XRP tokens”. The US Securities and Exchange Commission (SEC) initiated legal proceedings against Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen in December last year.
In its initial response, the company said it had been unfairly singled out, adding: “The SEC’s theory that XRP is an investment contract ignores the economic reality that XRP is, and has long been, a digital asset with a fully functional ecosystem and a real use case as a bridge currency that does not rely on Ripple’s efforts for its functionality or price.”
The case is not due to be concluded until sometime in 2022. It initially dented Ripple’s price, before it returned to reach April’s record high. When Ripple wins the case, expect XRP to fly to new heights!
The current market consensus is that Ripple is trending in a good direction. XRP price analysis from CoinCodex shows 27 indicators giving off bullish signals, with one bearish signal. DigitalCoin‘s analysis says its price should reach average of $2.17 in 2022 and $3.94 in 2025. It could hit an average of $4.46 by 2026, the forecast suggests. I think it will go higher!
- King Of The Mountain 2022: Terra Luna
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund’s Special Drawing Rights basket of currencies — and it intends to roll out additional options.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.
Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra.
Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform. He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies.
Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.
Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.
Terra has established a number of partnerships with payments platforms, particularly in the Asia-Pacific region. In July 2019, Terra announced a partnership with Chai, a South Korea-based mobile payments application, in which purchases made using the application on e-commerce platforms are processed via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.
In addition, Terra is supported by the Terra Alliance, a group of businesses and platforms advocating for the adoption of Terra. In February 2019, the company announced that e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross merchandise value of $25 billion, were members of the alliance.
Honorable Mentions:
Matic, AVAX, FEG, Safemoon, Vechain, Cardano, FTM
Hope you guys enjoyed, I’ll be back soon with some more great calls!