Crypto analysts believe the past year 2021 was only the beginning of massive adoption of cryptocurrency in the world. With it's massive adoption worldwide the overall crypto market can rise +11000% by 2023.
Cryptocurrency has been making headlines as their values are accelerating and has become the latest buzz in town. The world is going crazy about the idea of investing cryptocurrency. This cryptocurrency fever has led to increase new crypto coins.
The year of 2021 is only the beginning of massive adoption of cryptocurrency in the world. By the end of this decade, established decentralised ecosystems will take over the prevailing financial system with #Bitcoin #Ethereum #SHIB #BNB #MATIC #Solana #Cardano as the top coins.
— Devanandan Gogoi (@DevanandanG) November 14, 2021
If you missed the previous crypto bull run & now you wonder what is the next best coin to invest in, then you are in the right place and we have done some research for you..
On 22nd September 2022, The Global Crypto Market Cap: $0.92T
Here, are the top 8 coins to look in December 2022
1. Bitcoin
-- Market Capitalization is over $426B
-- Came into existence in 2009
-- Inventor: An unknown person or a group of people using the name Satoshi Nakamato.
Bitcoin is a decentralized digital currency created in January 2009. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms do, and unlike government-issued currencies, it is operated by a decentralized authority. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to (although each record is encrypted). All Bitcoin transactions are verified by a massive amount of computing power via a process known as "mining." Bitcoin is not issued or backed by any banks or governments, nor is an individual bitcoin valuable as a commodity. Despite it not being legal tender in most parts of the world, Bitcoin is very popular and has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as altcoins. Bitcoin is commonly abbreviated as BTC when traded. Source: Investopedia
2. Ethereum
-- Market Capitalization is over $185B
-- Came into existence in 2015
-- Inventor: Vitalik Buterin
Ethereum is a blockchain platform with its own cryptocurrency, called Ether (ETH) or Ethereum, and its own programming language, called Solidity. As a blockchain network, Ethereum is a decentralized public ledger for verifying and recording transactions. The network's users can create, publish, monetize, and use applications on the platform, and use its Ether cryptocurrency as payment. Insiders call the decentralized applications on the network "dApps."
As a cryptocurrency, Ethereum is second in market value only to Bitcoin, as of September 2022.
3. Shib
-- Market Capitalization is over $6B
-- Came into existence in 2020
-- Inventor: An unknown person or a group of people using the name Ryoshi
$SHIB started as an experimental decentralized ecosystem and now emerged into a full grown ecosystem. Though #10th by marketcap, #SHIB is the one of the most popular currency after #BTC and $ETH.
The roadmap laid down in the Shiba inu woofpaper (whitepaper) has taken investors by craze. There are many upcoming events, projects & utility for the $Shib ecosystem which has managed to keep the hype among it's investors high. Among them, the main catalysts believed behind the recent rise in the coin's value are: upcoming Shibohsis (NFT) game, Shibarium (blockchain), Robinhood Listing (unconfirmed), Shib Payments utility, transactional burn mechanism, deflationary tokenomics and more.
-- Market Capitalization is over $6.5B
-- Came into existence in 2017
-- Inventor: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic
Polygon (MATIC) is a complete multi-chained system, a framework as well as a protocol. It connects Ethereum-compatible blockchain networks and is built to solve the scalability issues on the current Ethereum network. It is a layer 2 solution, i.e it works on top of Ethereum’s primary blockchain. Polygon uses side chains to unclog the main platform in a smart and cost-effective manner.
5. Arweave
-- Market Capitalization is over $440M
-- Came into existence in 2017
-- Inventor: Sam Williams
Arweave (CRYPTO:AR) is the world's first blockweave coin -- which is a data storage protocol that enables permanent storage of digital assets such as transactions, smart contracts, Web pages, videos, images, and more, directly on its native blockchain. To put that in context, the Bitcoin (CRYPTO: BTC) blockchain can contain only a few hundred bytes of data at a time when it comes to handling transactions (which are digital lines of code that take up storage space on its ledger and network).
It should be no surprise that investors are excited about the innovation as well. Over the past year, AR coins have gained 1,510.77% in value.
6. Solana
-- Market Capitalization is over $13B
-- Came into existence in 2017
-- Inventor: Anatoly Yakovenko
Solana, a blockchain network that launched in 2020, is being seen by many as a competitor to Ethereum as they claim themselves to be the world's fastest blockchain.
The blockchain operates on both a proof of history (PoH) and proof of stake (PoS) model. PoS allows validators to verify transactions according to how many coins they hold, while PoH allows for those transactions to be timestamped and verified more quickly, Yakovenko wrote in the Solana white paper.
-- Market Capitalization is -
-- Came into existence in 2021
-- Inventor: An unknown person or a group of people using the name Wifey
Ryoshi is a coin from the SHIB Ecosystem built in 2021 from the original vision of Ryoshi (The founder of the Shiba Inu coin.) The team behind it says that it exists to realize the vision of Ryoshi, who wanted an entirely decentralized DeFi project run by the people. Therefore, the Ryoshis Vision token intends to complement the Shiba coin.
The story began with a mission to disrupt traditional finance by developing an entirely decentralised project, run by the people, for the people. We have responded to Ryoshi’s vision by offering passive income rewards and auto-burn tokenomics, in addition to the development of additional utility features to facilitate our goal of driving further innovation and adoption in the defi cryptosphere.
8. Cardano
-- Market Capitalization is over $16B
-- Came into existence in 2009
-- Inventor: Charles Hoskinson
Cardano is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. Scalability, interoperability, and sustainability on PoW networks like Ethereum are limited by the infrastructure burden of growing costs, energy use, and slow transaction times.
The Cardano platform runs on the Ouroboros consensus protocol. Ouroboros, created by Cardano in its foundation phase, is the first PoS protocol that not only was proved to be secure, but also was the first to be informed by scholarly academic research. Each development phase, or era, in the Cardano roadmap is anchored by the research-based framework, incorporating peer-reviewed insights with evidence-based methods to make progress toward and achieve the milestones related to the future directions of the use applications of both the blockchain network and the ada token.
Disclaimer: Any information furnished here is not a financial or investment advice. Investments are subject to market risks and any investor must DYOR (Do Your Own Research) before making any investment.
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