Find out which Cryptocurrency will be the best in the market in 2022, here
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Points
* In 2021, Bitcoin and Etherium returned about 67 percent and 430 percent, respectively
* Etherium is the second oldest virtual token
* Bitcoin is the oldest and largest cryptocurrency in the world
The reason for the increase in retail participation in the country is the great return of Cryptocurrency. In 2021, Bitcoin and Etherium returned about 67 percent and 430 percent, respectively. However, the popularity of Bitcoin has been steadily declining since 2017 This year its dominance has dropped from 70 percent to 40 percent. According to experts, the discovery of new tokens has caused users to move away from bitcoin. Will users be able to reap the benefits of Bitcoin and Etherium in the new year? Or will a new token win the hearts of users in 2022? What do investment experts say? Find out-
BITCOIN
Bitcoin is the oldest and largest cryptocurrency in the world. Bitcoin emerged in 2008 when world-renowned governments led the way in currency inflation. Although introduced as a decentralized currency, it later changed. Currently it is used as a human resource, which is able to give a return of 60 percent even after the ups and downs of the year. Compared to this Nifty, the 50 stock benchmark index for the Indian stock market has returned more than 20 percent.
CoinDCX
Minal Thukral, CoinDCX's Evip Growth and Strategy, says, "Bitcoin has been a trend setter for cryptocurrency movements for the last decade or so and will continue to do so. It continues to be a valuable asset and institutional demand continues to grow over time." "
ETHEREUM
Etherium is the second oldest virtual token. It is a decentralized blockchain for peer-to-peer networks that execute smart contracts. "Etherium has become the most important crypto in space evolution. It's a protocol that allows developers to build on top of its blockchain infrastructure. With the growing community of developers and the new ETH2 rollout, 2022 is going to be an important year for Etherium," Thukral said.
PROTOCOL TOKEN
Another set of cryptocurrencies that will be in the spotlight next year is the protocol token ecosystem. Crypto experts say the two main themes that have come up this year are the Layer 1 protocol, which enables DeFi and Smart Agreement as well as Metaverse. Vikram Subburaj, co-founder and CEO of Geotas Cryptocurrency Exchange, said: The concept of metaverse is still evolving. Overall, investors who invest in a basket of coins, rather than one or two coins, often benefit. "
DeFI
Minal Thakural of CoinDCX said: "2020 has been a great year for DeFi and with that year we have been able to build a solid foundation for decentralized finance. Tokens (UNI, SUSHI, DYDX, etc.), lending and borrowing cryptocurrencies (COMP, AAVE, etc.) and many more will continue to be the main drivers of DeFi by 2022."
NFT
In 2022, NFT will also take a special place. NFTs will continue to block the gaming industry and the creative industry, as well as many more. "Top NFT tokens like MANA, AXS, SAND etc will continue to gain traction next year," said Minal Thakural, CoinDCX's EVP-Growth and Strategy.
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